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?
It maybe an unfortunate decision if choose to invest in some altcoin on exchange through the BTC pair if the altcoin were before BTC bullish market but invest in altcoin using BTC after the recent profit, it an awesome idea cause the altcoin will soon make some good pump in price soon and it good to set aside some stablecoins which will be used as capital in other to invest in the market whenever an opportunity arise.
With that been said, the coins you listed are centralized and highly manipulated coins which is not advisable to invest in, i will advise you to invest in coins like ETH, LTC, XMR, KMD, BNB, NRG, AR etc.