earlier this has been the case indeed. what you now see more and more is that at least some of the alts are actually breaking out of this phasic cycle.
I wouldnt recommend to drain all your alts but rather to adjust your portfolio ratio which you might (and should) have defined (10-20% btc and so on). These adjustemts / redistributions should be done monthly
ah ok, thanks, now i understand more what haejin means with altcoins going nonphasic. so i will keep my stock as it is. maybe just reducing positions like Ripple. i got my portfolio splitted in a trade and a long term hodl portfolio, so the longtherm i dont change anything, the short term is just for trading where i try to make btc profit, was at 30% increase until it dropped again yesterday.... i was thinking about selling all for btc and take btc profit, than get back into new positions after rise, scared of losses, guess this are the panic emotions i should keep away, so i will watch a movie, smoke and sleep ;) thanks
I completely agree. Please consider holding some coins that will be around in 5 years. You will do extraordinarily well holding. Then do some trading with additional funds.
Good advice. Thanks. I already put part of my alts back to BTC. Made some stop loss orders on others. I remember what BTC rally did in December. Now I feel better prepared.
Thanks again!