Re: Taking Profits on Altcoins Strategy

I prefer the strategy after selling altcoins into fiat currency and then entering the stable coin I chose usdt because it can secure profit and take a chance when usdt goes down when altcoin goes up and when altcoin goes down usually usdt goes up and then sells it to buy other altcoins

Stable coins is not moving that much but crypto due to it's volatility the value against usdt is really good if you are into
day trading, you can pick which assets that's experiencing downfall,

Buy and wait, then convert it back to usdt once the market rise up, short term profits is far better than waiting for long
time but missmanaged your timing.

I realize that my strategy takes a lot of time I prefer to trade long term, be patient to watch the market move as I don't have much time to trade short term.

Not a problem at all, as long as you have your goals and you believe that in any period of time your target will reached out,
there are people who deal wtith long term and earned more decently than those who works with short term deal,

Traders who don't have that much time mostly goes with long term, look at the positive side and earn your rewards.