Post
Topic
Board Bitcoin Discussion
Re: Should I go with Bitcoin or Altcoins for the upcoming bull run cycle?
by
wallet4bitcoin
on 02/09/2023, 14:33:46 UTC

In summary: Starting with an initial investment of $26,000, you could potentially make $370,000 - $420,000.

In previous cycles, I often found myself struggling to find the answer to the question of "when to sell BTC and switch to Altcoins." BTC is meant to be held, not sold, and even more importantly, never sold for Altcoins. Simply hold onto BTC and when there's an Altcoin wave, use your BTC as collateral to borrow funds for Altcoin investments (ensuring borrowing remains under 30% of your capital). Now, with the increasing choices offered by the DeFi market compared to past cycles, this method proves quite effective for the strategy of using BTC as collateral to borrow USD for Altcoin investments.

Holding BTC to me is gold, Altcoins are cool to buy but not at the expense of BTC, but borrowing, using BTC is just another wonderful idea but what happens when the there is a flash crash like we see these days, it means your BTC has evaporated and then the Altcoin still remains, this to me is another way of selling BTC to buy Altcoins which I detest greatly. So, I'll just stick with holding my BTC