Quote from: Tumanggor on Today at 01:21:56 PM

Quote from: hotpassion on May 12, 2021, 01:27:13 AM

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.

You will not make a profit if you swap your Bitcoin to Altcoins at this time
because some Altcoins are already at quite a high price

I highly recommend that you keep holding of the Bitcoin you have
do not be jealous of your friends, because you will be more profitable than them

#keep hold, staying poor

- Agree, I also have a lot of ambition on the strategy of using bitcoin to buy altcoins in the past but this strategy quite a lot of failures in terms of profit when Bitcoin is a major factor goes up, altcoins can't change fate too much as it always becomes the ground for bitcoin to step on, altcoin and bitcoin currency pairs always fall every time bitcoin breaks, it's always under my watch. Want to participate in altcoins, the value of bitcoin needs to be as high as possible and an intermediary step back to stablecoin, that will limit the loss of value in altcoins