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?
altcoin season will occur if the price of Bitcoin increases very high and reaches its ATH price, then that's when the price of altcoin will definitely increase very high, so my advice is if you want to cover your altcoin to Bitcoin, then you have to sell your altcoin during altcoin season and hold on USDT, then when a bear market occurs (correction) and it's the right time for you to swap your USDT to Bitcoin.