I have decided I have too many altcoins in my portfolio and want to convert up to half of them into Bitcoin but I am waiting for the next pump like we saw in January to do this as don't want to convert while my altcoins are 20% down.
I have only been in crypto last 12 months so not that experienced when it comes to understanding cycles. Do we have any idea when the next altcoin season is due?
In the flow Altcoin goes according to the movement of bitcoin in the market, if bitcoin enters the bullrun zone then altcoins will follow it, at least I understand that during the current crypto market period, if your Altcoin gets stuck I think if you have an altcoin that has the potential to reverse direction maybe you need to hold on to it at least until bitcoin is in a bullrun phase. But it comes back to you if you believe in the Altcon that you have potential, you have to keep holding on to it, and make sure the altcoin project is running well and is always active on social media as a sign that they are still operating or have no potential failures that cause you to lose your money .