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I was a part time trader (actually holder)
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Did you find that it wasn't beneficial? Cause for me that action is minimizing risks. I never use all moments, I only try and aim to use best ones or sometimes good ones and never judge myself for my actions when I profit by saying that if I wait a little more, I would profit much.
But I see what's your point, usually altcoins follow to bitcoin but there are some that are independent from it and that's a good moment. I wouldn't say it minimizes the risk but probably the profit you may get from one altcoin won't be high enough to cover bitcoin's loss and opposite.
It's hard task, I may do some research on that, worth to keep an eye on.
Its just a matter of choice on a certain individual if he can embrace risk or would completely get rid of it by just simply holding for too long.
Altcoins price doesnt correlate with Bitcoins price from time to time and as you said which is actually true that there are even times that
alts do increase on we do least expect and making out profits on it.It might not be enough to cover losses but all do varies on how big your position
or the money you have putted on.