Just wondering what your strategy for taking profits on alts?
Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?
When you sell do you buy more BTC or Rotate into another Altcoin?
I know many opinions have already been expressed here. I am giving my own opinion. I sold all my Altcoin when its usd value doubled and cashed out all the crypto. I didn’t want to take any kind of risk. I don't want to buy BTC or any other Altcoin right now. If the bullish market goes down in the future, maybe i can think again to buy crypto.
You are taking a risk, at the beginning of 2017 when the price of bitcoin reached 2k many people speculated the price could not go any higher and they sold their coins thinking a crash was inevitable but instead of the price going down we saw the opposite and the price began to skyrocket until it got close to 20k, 10x their prediction, so while a decrease in the price is always possible if I were to take a guess I think bitcoin will go up in value once again and surpass its ATH, and when that happens you do not want to be without any bitcoin in your wallet.