I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.
It's always a choice, sometimes investors must have determined from there innermost before coming to seek public consents. Mean while every other public opinion then would just be a free to air becoming useless to the seeker.
Is 5X profit target? After 5X do you think of exiting from the crypto markets? Or you'd go for a 100X crypto projects or you'd lower the level volume? 😂.
Think twice mate. Are you taking it for a gambling challenge or investment interest? Well, it's good securing highily profitable opportunities but must know it that the higher potentials of making huger profits is the more risky to be exposed.
Think of diversification my friend to alternate your financial security and also chances to hit higher profits.
I agree with you here. It is a choice to what we do with our portfolio whether we choose to sell off our Bitcoin to buy altcoins or otherwise. The investor might be on a good profit and selling his Bitcoin is only a small portion of it just like taking a little profit. If some persons find it good to do that then we do not have to be so much concerned about that. My decision in a case like this is totally different. As i would prefer to keep my Bitcoin rather ill do some extra jobs to get more money to buy more altcoins if that's what i really want.