Post
Topic
Board Bitcoin Discussion
Re: Converting altcoin profits into Bitcoin?
by
ololajulo
on 08/06/2024, 21:50:24 UTC
We have a big bull run coming over the next 6-12 months , Bitcoin will pump but Altcoins will go crazy.

The way you are talking is like we have a bear market coming up and all Altcoins will die - Altcoins see many returns in bull run peak.
That is not my point, and it is very clear from my posts. My point is that there are so, so many altcoins, both new projects and the more established ones, so it is very hard for one to buy the coins that's going to pump, and you might end up buying coins that would fail.

In the bull run, altcoins are going to pump so high, but how lucky are you going to be in order to buy the coins that would go 'crazy', and even if you luckily do, would you be lucky to sell them at the right time.

You make it seem daunting when you refer to them as altcoins, but you keep various types of altcoins in your portfolio. Your selection is based on factors such as the project's concept, market cap size, trust in the developers, availability on exchanges, and recommendations from trusted influencers. The idea is that if one fails, other coins will compensate. This approach, combined with gradually taking profits as prices rise, has proven to be the best exit strategy over the years.