I don’t want to have a FOMO, but also I don’t want to see how my altcoins will be falling, so I will sell a big part of them as soon as the trend of Bitcoin changes, as not all altcoins are likely to recover after a serious fall.
Good thinking. The altcoins follow the bitcoin bull/bear trend and they dont last high for long enough when bitcoin becomes a bit stagnant or sideways. So that would be the time to sell altcoins and cash it out for the time being.
I can hold some mainstream tokens during bear markets as well, but it is better to get rid of other coins before a dip.
Stubbornly holding altcoins is a wrong step, but as we know many newbies tend to do this and then get frustrated over their wrong decision in the bear market. Because the bull/bear cycles have a long stagnant interval in between in crypto, therefore cycling your money at the top becomes important to keep the cycle of anxiety and despair at bay for traders.
I just look into Bitcoin's trend, definitely, it is currently growing. If this momentum won't stop, it probably has a huge impact on the altcoins, I expecting altseason again.
Too early to say that. Bitcoin is facing resistance at 50k USD and it is crashing back to 47k USD everytime, meaning there is a big selling pressure at that price. If this continues altcoins will not rise quickly.