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.
This is a pretty tricky question. I think there is no need to rely too heavily on the dominance of bitcoin. I used to love this indicator, but over time I became disillusioned with it.
The fact is that it calculates strangely. The number of altcoins is growing all the time and this figure is hardly representative. Better to look at the chart of a specific altcoin to bitcoin. There is more accurate and clear information.
It's better not to sell anything yet.