Quote from: fuguebtc on Today at 09:41:10 AM

Quote from: JamesDaniel90 on August 15, 2024, 09:45:18 AM

Quote from: fuguebtc on August 15, 2024, 09:22:18 AM

Holding 100% altcoin is very risky, you should consider it .

There have been many predictions discussed on X as well as on reddit . We are not going to have an altcoin season and with what is going on , I see them having reason to make those predictions . I don't expect that to happen , but I think we should also think about that scenario and have a backup plan because anything can happen . As we can see bitcoin has increased from $17k to $73k and is trading at $60k , but many altcoins are not even having any impressive growth or breakout . So far , only a few have shown good growth so I'm skeptical of an altcoin season .

In the time Bitcoin went from $17k to $73k , I had altcoins that did 5x, 10x and one even 30x.

I am happy being in altcoins, we may not see a massive alt season like the previous bull cycles but I still expect good returns in the peak months of the bull run.

Can you name which altcoin has given you such profit because I also partly invested in altcoins and I don't think I missed anything? Also, have you made profits or are you still holding them because if you hold them, you will lose heavily on those altcoins that gave you big profits. Most of the altcoins that I have seen that have made significant gains have also returned to their starting point.

It's not just you, I believe many people here are also investing in altcoins and they also want an altcoin season to happen but they don't invest 100% in altcoins like you because it's very risky.

Arcblock - took a gamble on it last year around $0.15 and it reached $4.65 few months ago.
I have taken $2k profit from it and still holding a good bag in the hope that it gets close to $10 in the next 12 months - some are even saying it can go past $20.

Like I have said before I have nothing against Bitcoin and believe it will do well in the long term but i want more then a 3 or 4x which is why I am in altcoins.

I taking the risk now, will hopefully make the money in the next 12 months and then play it safe next cycle once I have more funds to do so.