I would really like to add to my Link, Ondo, and Render bags but don't have any dry powder. I was thinking about selling a little BTC to do this. I'm in massive profit in BTC, and considering selling $20k worth to do so.
Anyone else considering this? Just looking for feedback as nobody i personally know is in to crypto.
It's a good idea to sell bitcoin and buy coin you believe in. I wouldn't recommend selling all of it but if your are after profit, bitcoin won't give you as much profit as newer altcoins can. Ethereum too is too stagnant, profit are being made in newer coins. If you want some risks in memecoins, if you want lesser risks, in utility coins.
It would take years for bitcoin to do a x3 from here. A great bull might lead it to 150K but It won't be going above 200K soon. But if you choose the new, right alt, it might go x2 within months and if you chose the right one, a x5 within a year.