Hi guys, I hope you are doing well in this pandemic time. Do you think it can be a good time to invest in some altcoin for hodl with the BTC pair instead of USDT pair?
I saw that most of the altcoins are now in the bottom with the BTC pair and my personal goal is to increase my BTC account instead of the USD one. My strategy is to wait that the BTC dominance reach 70% it will be blood on the ALT but very cheap price and then I want to invest in it with the BTC/pair.
For example these alt are now at :
Stellar : 460 sat
Tron : 143 sat
Eos : 14500 Sat
Do you think it can be a good strategy in order to prepare the Alt season IF she will come?
Your strategy is not bad especially since it seems you want to buy good coins, but in my opinion you should wait a little bit, it is true that the greatest profits are made when people buy when no one wants to do it, all the eyes of the people are concentrated on bitcoin which means that altcoins are being unattended and this could be a good opportunity to buy them but if the positive trend that we are seen in bitcoin continues for a very long time you're going to keep losing money in your investment, and if you make a big investment it is going to be very difficult for you to keep holding your coins, so it is better to wait a little bit and see how far the rally of bitcoin can continue and only once it begins to show signs that is going to stop then you can invest in those altcoins.