- First, I establish from the outset that BTC is solely for holding, not for selling. When BTC surpasses its peak and an Altcoin wave is on the horizon, all you need to do is put your BTC into cross margin and borrow USDT (not exceeding 50% of your capital) to invest in Altcoins.
- For instance, if you currently have $26,000, you could invest in 1 BTC and hold it from now on. Hold it until BTC surpasses its previous peak of $69,000, which would mean your asset is now worth $69,000. At this point, place the value of 1 BTC into Cross Margin and borrow $30,000 to invest in Altcoins. Borrow only $30,000 or even less, not more. This way, you can continue holding onto that 1 BTC as it climbs to $100,000 or $150,000, while also having $30,000 to invest in Altcoins. With the $30,000 borrowed, smart investment in Altcoins can potentially turn your initial asset into $300,000. You could sell the original 1 BTC that you held onto for $100,000 or $150,000. The combined profit from BTC and Altcoins could amount to around $400,000 - $450,000. After repaying the $30,000 borrowed from the exchange, you'd be left with $370,000 - $420,000.
That's really a good advice but not for beginners, it's really for those who actually have experience in trading, know what happens during the bull market and know what they are doing. The hardest part is to choose a good altcoin that has the potential to rise. Not only the technical background of altcoin matters but it's also very important what the team is doing for its marketing and promotion.
My advice would be to not listen to Redditors and twitter users when it comes to altcoins. They love to write bullshit like it's going to the moon, APE APE and so on.
In any case, during the "bull cycles" if anyone wants to touch altcoins they should firs prepare themselves for the concept of pumps and dumps otherwise they will be dumped on and become bag-holders. It is of paramount importance to know when to sell altcoins and how to do it quickly.
This is why we always suggest newcomers to stick to bitcoin alone.
This is really the number one advice for newcomers to stick with Bitcoin, but I would say, coins like Ethereum are a safe choice too. By the way, when you hold bitcoin, you know you don't face the risk of holding a scam coin that is pumped and dumped by a group of people. Any altcoin can go wrong anytime and that won't affect bitcoin but if bitcoin goes wrong, the whole market goes wrong but there is a very high chance that bitcoin is the least coin to go wrong from the whole coinmarketcap list.