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RE: Bitcoin (BTC) Morning Update: Fractal #3 is Spotted!! Check out the this chart!
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!