I want to assume that there are few people, who make several profits from trading altcoins, but sell their profit to bitcoin, and then over time while holding bitcoin, it dumps and their profits dips alongside bitcoin.
Why not do it this way ?
Since you trade mostly in altcoins, as soon as your make your profits, sell them to stable coins or fiats, close that trade chapter.
If you are passionate about hodling bitcoin, always convert to usdt or other stable coins and be patient for a fair entry point. Because the market isn't running away
What do you think everyone ? is there a better pattern that can be practiced?
I am open to more suggestions.
To save profits traders, in my opinion, I prefer to go to gold or invest in assets that are less risky or can also convert them to fiat because cryptocurrency fluctuations are fast. The idea of storing it in USDT or any other stablecoin concept is indeed a good idea, and I'm sure many users are doing that especially since usdt has become a benchmark for other altcoins. Indeed in the worst case that the profits will decrease if bitcoin decreases but if bitcoin goes up? I thought it would be a good idea, moreover, the bitcoin market is currently dominating in the cryptocurrency market where the possibility of adoption is even greater, it might increase its value.