Post
Topic
Board Altcoin Discussion
Re: Be very cautious with your alts this period, you either sell early or hold.
by
Rebisco
on 14/11/2020, 14:43:39 UTC
Some newbies sometimes panic easily because they hear news that is not even clear where it comes from. ofcourse there can be 2 types of early sell depending on the project. If it's potential, early sell will be very detrimental and if it's just a pump project, I think maybe it's the right decision. We have to be smart in assessing the project situation
For me it is about analyzing the chart of a certain altcoin in order to know when to hold or when to sell, right now the bitcoin dominance is continuing to increase so it only means that there are many investors who are cashing out wherein they are transferring their money into bitcoin. If you are an altcoin trader, it is better if you will lessen your allocation and focus on altcoins that have high market capitalization. There are a lot of low market capitalization altcoins that are continuing to dump and for me it is the reason why we should avoid shitcoins nowadays.