I have been in crypto a few years and up till now I have just bought and held but have noticed in the last week or so now that the bull run is here and the overall feeling seems to be a lot better that a few of my altcoins have gone up anywhere from 50% to 250% in a matter of days.
Not only have they increased a lot in a short time, but they have also come back down around 50% after making such moves so wondering should we be trading right now to make the most of the volatility?
As an example I hold an altcoin that went from £0.006 to £0.02 in just 3 days last week which is a 235% increase. It is now back down to £0.012 so I'm thinking i could have sold around £0.02 and bought back in around £0.012 to increase my holding.
What does everywhere prefer to do in bull run, trade or just hold and wait for peak months of bull run to sell?
Sincerely for altcoin holding I wouldn't give you that go ahead order to hold because as you see them they are so volatile in a way that you can easily lose them away, but if by holding bitcoin for long term then it's fine you can hold and also keep applying DCA to increase your holding volumes. But if by holding altcoin you may not know the strength of the community or projects owner what they had in mind.