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.
It's recommended to hold a big percentage of bitcoin because it's the safest investment that you could make and at the same time number 1 cryptocurrency in the market.
I think it depends on your goal, I did sell some of my bitcoin because I mean I'm not that big of investors so I need to earn a big amount of profit in a short time so the easiest way to do that is to invest in altcoins that could give me a much higher profit than investing in bitcoin or investing more in Ethereum.