Nice post, @sift666. Upvoted.
Yet, I disagree with your point about BTC. I think BTC still has a lot of up-trend and it will still be more profitable than most altcoins. The reason is that mainstream awareness is just starting, and most new people will start buying BTC. Therefore, I think an investor should keep at least 50% of her portfolio in BTC, and distribute the rest into good altcoin projects.
Six months ago definitely, but now I think Bitcoin is high risk - it might double but is very unlikely to go up 30 fold this year.
Meanwhile it could well be the first major crypto to collapse, so even if I still thought it had any future I wouldn't hold more than 10% in it.
Exactly my thinking a year ago!
Thankfully I didn't think of that a year ago - only about two months ago, and then held on to it until a week before it crashed.
I wouldn't touch it now, but a year ago was the perfect time to buy a truckload
Good for you.
The rule I am following is:
When btc is hitting ATH, buy altcouns.
When altcoins start hitting ATH, then it's time to sell them and buy btc.
That's a good plan - one or the other but not both at the same time - Bitcoin could still be good for a while yet, but lately I'm thinking it runs like such a dog, it's days must nearly be over...