Post
Topic
Board Altcoin Discussion
Re: Should I swap my BTC to altcoins and hold for better benefits?
by
tyz
on 13/05/2021, 15:56:54 UTC
We all see that the BTC price is sideway from 50k to 58k for few months now and it seem can't break up the 60k barrier. 

One can see in your post that you have not been in the crypto business that long. If you take a closer look at the Bitcoin chart, you can see that Bitcoin has always had longer sideways movements in its history. Especially after a strong price increase. It's the same this time.
Of course, you can now switch to altcoins now, but the separation between good and bad altcoins is just beginning, so you have to choose the right altcoin to really take a profit. Bitcoin will make its next push sooner or later, probably towards 100k. That's why most Bitcoin investors have always been right to sit out such phases and not trade in other coins.