Quote from: jaberwock on Today at 04:29:23 AM

Quote from: JamesDaniel90 on March 28, 2023, 10:56:41 AM

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?

Next alt season could happen after BTC hits its new ATH. Your decision of converting half of your alts to BTC is an awesome idea. Maybe you realize that BTC is much better to hold than the altcoins. Am I right? If these alts we are talking about are potential altcoins, then it is not wrong to wait for a while to be able to get the best rates but if they are just a normal altcoin and you are doubting on them, you better sold them now before they drop more or worse become a dead coin.

12 months of experience seems fine but if you join last year, then you are right. You may lack experience in terms of cycles because last year was mostly composed of a bear market. You may not experience a bull run yet but don't worry because we are close to it.

a wise decision by converting several altcoins to bitcoin, especially if it is a new altcoin, so it is better to hold bitcoin, but it is different when investing in top altcoins, it is possible that there is still a big chance to increase. so it's not good if you only choose bitcoin to invest, unless our investment funds are in large numbers, but to maximize profits for me I have to be accompanied by altcoin investments