Hey all,
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. My portfolio is about 90% in BTC and I feel very depressed to see other altcoins prices are increasing very high in the last few months while the BTC price is stuck at the 5xk ranges. It is said that now most traders and retail investors are only interested in buying/trading altcoins, especially meme, animal coins because they can make much more profits comparing to buying BTC. Some of my friends have x10, x20 their portfolio just 3 months after entered the crypto market. I joined the crypto market since 2016 but can't make as much money as they do for just few months.
They tell me to swap my BTC to other altcoins and hold them for much better profits. I'm still struggling to make my decision to sell my BTC for altcoins (I prefer ETH, ADA, SOL, ETC).
Do you think I should do that?
Thanks.
If i were you i would definitely stay away from those meme-coins. The whole hype around them started a few weeks ago and is already dying out again in my opinion and within the next few weeks and months 99% of those meme-projects will be dead. If you would invest in those meme-coins now i think a total loss of that money is very much possible. To have a high percentage of BTC in a crypto portfolio is good in my opinion as it is usually the most stable coin of them all and also does not drop as hard in a bear market as most altcoins. You could change your portfolio a little though if you want and make it like 70% BTC, 20% in established altcoins like BNB, Dot, ETH and so on and the other 10% into more risky projects.