Quote from: Byakuga on January 10, 2020, 02:49:17 PM

Putting all my money on bitcoin is more smarter than going for altcoins? I think bitcoin will always surge even if it loses value today, i never think twice about this anymore because in the past if i never switched to altcoin i would have be in big profit today, what do you guys think about my plan? Stupid or 👍

All I could say is that you need to know the appropriate time to buy or sell because at times hodling alone at times can have bad side like how cryptocurrencies prices devalued since 2017.

I get what you are saying, bitcoin does not rise like altcoins in bull market while it those not fall like altcoins in bearish market.

That said, you need to know the appropriate time to convert to dollar than hodling alone. What if the bullish market start so soon probably in April, if bitcoin move up 200% let us expect altcoins to move up 400%. So, at this time, it is better to hodl altcoin so that you can gain from 400% instead of 200% example above.

Hodling bitcoin should be during bearish market as many holders are converting their altcoins to bitcoin at the time, that is what makes the price of bitcoin to fall like altcoin at the time.

So, finally, hodl bitcoin in bear market and if the price fall the more, then you can convert it to dollar asap, you should also hodl altcoins in bullish market.

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