I understand we are entering altcoin season and things will be bullish. But when will we see the downward trend? Are we talking mid 2025?
Even the bullish we are talking about with certainty is not certain. Anything could happen this year aside our huge expectations for altcoins. If you are buying any altcoin now be careful for the choice of altcoin this season. Get an altcoin that no matter what season we find ourselves into, whether bullish or bearish season we can still have hope of holding it for more time. Mark my words most persons will get unlucky to buy the wrong altcoins. And if para venture we see the downward trend then those projects might go out of the market.
I guess what im getting at is ... should I sell altcoins when they reach a decent high (take profit or reinvest in BTC) or HODL with them with the hope that one day they might explode like BTC ?
Ones in question:
XRP
TRX
AAVE
XLM
ADA
EOS
FIL
DOT
Follow where your heart leads you to. Bitcoin is a good asset to invest in, i can vouch for it. Selling off your asset should be at your choice to make. Because what may work for me may not work for you. As for me, if calculate the sum of all this asset and see how much it comes out (inlcuding the profits) after selling them. If it is a good amount that comes out i will use it to buy Bitcoin. So in this case selling my alts will depend on the amount they will come out. If it is still below my target then i can leave them for the bull run. Apparently these assets you listed are not completely bad to invest in. They are lots of investors favorite altcoins of the season.