I have a small plan and i would like to ask your opinion about it. I have already accumulated approx. 1 BTC by buying small amounts here and there (also through faucets) but constantly. I have approx 0.70 btc in other crypto(bought cheaply in the past) but i plan to exchange in btc later if needed and if worth it. My actual plan is to buy daily fractions of btc ad long as price stays below 10.000$ / Btc and stop if and when surely it will go above that level. Basically i' m taking advantage of BTC "cheap" prices to speculate on the future value (probably a few Years) for future spending, selling, or simply storing it. What do you think about it? I want to set a limit somewhere and i think if price stays above 10.000$ it will mean that banks and institutions will have entered the market already and i will simply enjoy the profits. Does it seem like a good plan? i really believe that Bitcoin will become very very valuable in the foreseeable future.
I think that is a good plan. and in my opinion you should still hold bitcoin and altcoin until the bitcoin bull run. I'm optimistic that when bitcoin is bullish, altcoin prices will also increase. the important thing is that altcoin that you hold is good altcoin which has the potential to develop in the future. diversifying investments I think is more profitable than just holding bitcoin. because when we diversify so when one coin goes down, the other coin still has the possibility to go up.