I have been investing in alts for a few months now. Happy days indeed.
Well let's be honest, anyone with cash and 1/2 a brain could have made 200-300% profit easily.
I don't hold btc and would not buy it as I think price above 8K is unrealistic and over inflated.
I have a bad feeling that btc is going to have a major correction in the coming months.
I'm not talking a small drop to 13k, more like all the way to 5k or even lower.
If and when this happens how do you think it will effect alt prices?
Unfortunately I see btc taking everything down with it and fear all my hard work and
day and swing trading alts to increase positions could be wiped out in days.
What are your opinions?
How are you protecting your gains?
Are you cashing out and waiting for buying opportunities or holding long term and perhaps
having stop losses in place to protect gains?