Hi guys,
a question which i had discussed with some of my friends before:
If you were invested heavy in alts but rather light in btc lets say 30% BTC / 70% alts you made a good profit in dollar.
BUT i have the feeling i wasted so much BTC to buy Alts and right now BTC has surpassed many of them by far.
Do you think it would be wise to sell some Alts for BTC right now?
Or is BTC dominance to high?
Really interested in your thoughts!
Kind regards.
As far as I know, this always happens. First, they buy BTC and sell altcoins, thereby increasing the price of BTC and its dominance, but when the dominance of BTC falls, then it makes sense to sell BTC and buy altcoins. It is very important for you to know exactly when the dominance of BTC will begin to rise in order to have time to buy BTC and capitalize on the growth of its price. Now, as far as I can see, the price of both BTC and altcoins has gone down, and to be honest, it is difficult to say whether there is any point in selling anything at all. I believe that it is better to wait for the moment until the market situation changes to a rise in cryptocurrency prices.