Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Forsyth Jones on November 28, 2024, 08:47:35 PM
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In this cycle, I want to try a different strategy. I don't usually invest in altcoins, but with the goal of increasing my BTC portfolio, I'm thinking about selecting some promising coins, both consolidated projects like ETH and SOL, as well as new altcoins that are promising for this cycle, as well as memecoins, which I believe are strong candidates to be protagonists in this cycle.
What I need are some recommendations from you about coins and tokens, the reason and a little about your strategies.
Which tokens will you select for SPOT and which tokens will you trade, as well as futures or derivatives trades.
At the moment, I only have a hold on BTC and an open BTC derivatives operation. I intend to DCA this position and exit only when it expires. Are any of you doing this? I'm currently in profit and have already realized some of it.
I intend to share my experiences and recommendations throughout this topic as time goes by, I hope one day to post here with more BTC accumulated at the end of the cycle, as well as you.
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I myself actually try to reduce my investment in altcoins, but even after investing in my bitcoin for the long term, I have invested some of my funds in altcoins. And these are for the long term such as Polygon, BNB, TON and about one memecoin that is DOGScoin.
However, I don't want to choose any new coin to invest in because the market is in a bull run now and the market can turn to any situation. So I have currently put my investment off and am only investing in Bitcoin's DCA investment for some time. However, I am thinking that in the upcoming bear season, I will choose a few altcoins to invest in for the long term, and one of them will be Cardano (ADA) because it has been in the market for a long time and also has a potential market.
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I want to keep things as simple as possible that's why I usually don't do futures and derivatives. I have bets on some memecoins but not too much to affect my portfolio. If you're planning to hodl btc and alts until half/whole of next year, then best of luck to you. I think the whales have started cashing out at $90K+ and will continue to dump probably until January 2025.
As for the coins/tokens and strategies, you probably want to keep those information private as much as possible.
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I myself actually try to reduce my investment in altcoins, but even after investing in my bitcoin for the long term, I have invested some of my funds in altcoins. And these are for the long term such as Polygon, BNB, TON and about one memecoin that is DOGScoin.
However, I don't want to choose any new coin to invest in because the market is in a bull run now and the market can turn to any situation. So I have currently put my investment off and am only investing in Bitcoin's DCA investment for some time. However, I am thinking that in the upcoming bear season, I will choose a few altcoins to invest in for the long term, and one of them will be Cardano (ADA) because it has been in the market for a long time and also has a potential market.
That's a good way to avoid loss as a healthy correction is still expected, but I think the month of December can give us some good opportunities to buy alts, I don't like Pol, BNB, or Ton for long term because I traded in Pol and BNB before and I did not get the desired results and Ton's tokenomics and the tx fee etc have made it too underrated that it might not go above it's ATH again. Although the adoption is high I don't think it is a good investment. But these are just my thoughts on your coins, so please don't mind I thought opening discussions like this would benefit us more. That's why I posted this.
ADA is a good coin, and many are speculating it too. What do you think about my coins, which are AVAX, APT, SEI, SUI, TAO, Near.
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For people who have the resources or means to do so, this can be the best time to get into selected alts while the market has not yet focused the limelight away from Bitcoin. I am sure the big alt season can be coming most likely in the first quarter of 2025 while Bitcoin will continue to be beating its many historical precedents though it is taking a needed rest right now accumulating more energy for a bigger run soon. Many alts will surely be the beneficiary of the reserved energy in the market. And rightly so, choosing SOL, ETH, BNB as well as TON even including ADA and ICP and those in the top 15 of CMC can be the ideal thing to do. Good luck and more power!
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I myself actually try to reduce my investment in altcoins, but even after investing in my bitcoin for the long term, I have invested some of my funds in altcoins. And these are for the long term such as Polygon, BNB, TON and about one memecoin that is DOGScoin.
However, I don't want to choose any new coin to invest in because the market is in a bull run now and the market can turn to any situation. So I have currently put my investment off and am only investing in Bitcoin's DCA investment for some time. However, I am thinking that in the upcoming bear season, I will choose a few altcoins to invest in for the long term, and one of them will be Cardano (ADA) because it has been in the market for a long time and also has a potential market.
We know that hold and trade is the best profitable source in cryptocurrency world. We also know that if we follow in many professional traders, we can see that they could earn best profit from trading system. But if we could not understand for trading system it will be very problem to achieve best profit from trading. So i believe that for best profit we must understanding in cryptocurrency market and trading system. So it will be very prefer for earn from crypto currency.
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At the moment, I only have a hold on BTC and an open BTC derivatives operation. I intend to DCA this position and exit only when it expires. Are any of you doing this? I'm currently in profit and have already realized some of it.
That's me, because I'm not confident enough to predict the peak of BTC price before ATH happens... it's better to exit gradually so that we will still have the opportunity to sell at the highest price even though not 100% of our assets are sold at the highest price....
For this purpose I divided the sale into five stages, with each phase selling 20% of my assets... it proved to be quite profitable because I got higher sales for 80% of my assets... 20% of my assets should have been targeted to be sold at $100k, but that hasn't happened because BTC price hasn't reached $100k level until now. .. let's wait for the next few weeks, because this is still in the bullish phase.
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For this purpose I divided the sale into five stages, with each phase selling 20% of my assets... it proved to be quite profitable because I got higher sales for 80% of my assets... 20% of my assets should have been targeted to be sold at $100k, but that hasn't happened because BTC price hasn't reached $100k level until now. .. let's wait for the next few weeks, because this is still in the bullish phase.
That's similar to what I'm doing right now. I wonder what's your plan if Bitcoin's price fails to reach $100k soon? At what price will you decide to exit the market and wait for another opportunity to buy BTC? I'm waiting for the December and January price movement. I don't think I'll put money into alts after that and focus on buying more Bitcoin instead.
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Right now, my to picks for altcoins includes, BNB, ETH, SOL, and for meme coins, i have picks on Dogecoin, Peper, shibainu, BOME. I have confidence that once the altcoins season begins, we may experience a massive pumps that will produce multiple All time High come 2025.
Bitcoin is currently in control of the market with dominance rate not given up it's uptrends movements, and I am hoping that dominance should have a pull back in 2025 to pave the ways for a full altcoins season. Dominance is currently standing at 57.3%, a pull back to around 46.2% may trigger the altcoins season.
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in my opinion for the long term I choose SOL and BNB coins because it is not too late to make a profit and my meme coin investment is added to my portfolio with Pepe and shiba coins as short-term investments, my capital is divided into 2 parts, the first is long-term investment and the second is short-term so that I have income every day and there are savings in the future, namely long-term investment.
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In this cycle, I want to try a different strategy. I don't usually invest in altcoins, but with the goal of increasing my BTC portfolio, I'm thinking about selecting some promising coins, both consolidated projects like ETH and SOL, as well as new altcoins that are promising for this cycle, as well as memecoins, which I believe are strong candidates to be protagonists in this cycle.
What I need are some recommendations from you about coins and tokens, the reason and a little about your strategies.
Which tokens will you select for SPOT and which tokens will you trade, as well as futures or derivatives trades.
I only do spot, and coins I am holding are up lately, not sure if it will be right for you to buy them still but here they are — OP, ARB, ZK, W, SUI, SOL, HIVE, ATOM, TIA.
I plan to hold these till mid next year, convert to USDC and when BTC/ETH dips, buy them with USDC.
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That's a good way to avoid loss as a healthy correction is still expected, but I think the month of December can give us some good opportunities to buy alts, I don't like Pol, BNB, or Ton for long term because I traded in Pol and BNB before and I did not get the desired results and Ton's tokenomics and the tx fee etc have made it too underrated that it might not go above it's ATH again. Although the adoption is high I don't think it is a good investment. But these are just my thoughts on your coins, so please don't mind I thought opening discussions like this would benefit us more. That's why I posted this.
ADA is a good coin, and many are speculating it too. What do you think about my coins, which are AVAX, APT, SEI, SUI, TAO, Near.
You didn't say anything offensive and that's why I have nothing to mind here. I myself appreciate the opinions of others. And I welcome your opinion and would like to thank you for giving your opinion.
If I say something about my investment I have invested on bnb and the polygon long time ago and in the ton coin I don't have much investment and about the Dogsmeme I just put my $100 away I mean I am holding this memecoin. And about your prediction on ADA is something similar to my thinking.
And if I say something about the AVAX I love this coin for its limited supply and it has also the potential position on market I think this can also be a good choice for long term investors. But I won't invest on this bull season I will select this and ADA for the next bear season.
And to be honest about the others coin I don't have much knowledge I had some good things about SUI but I didn't make any explore on it.
And about the Near protocol yes this is also from potential category but I find it some similar to the TON coin.
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Actually I am doing the same thing as you know Bitcoin is currently very expensive to acquire so maybe Altcoins would be the best way to gamble because finding the best coin that will give us more multiples of gains might increase our ability to get Bitcoin as fast as we make profit with Alts. If I have to trade in futures my choice would be Bitcoin, Solana, Ethereum, Arbitrum or maybe within the top 20 coins then if I buy newer coins I think I'll go for $TOAD that orange one because of it's narrative and potential.
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In this cycle, I want to try a different strategy. I don't usually invest in altcoins, but with the goal of increasing my BTC portfolio, I'm thinking about selecting some promising coins,
As long as you are DYOR and ready for all the risks, this is actually quite good, when diversifying money and choosing some top altcoins. Of course, the first is Bitcoin, it is still the number 1 investment without a doubt. But if we talk about altcoins where this is not the real altcoin season, it is still quite reasonable and reasonable if you want to invest in some altcoins.
What I need are some recommendations from you about coins and tokens, the reason and a little about your strategies.
Which tokens will you select for SPOT and which tokens will you trade, as well as futures or derivatives trades.
It's actually quite risky to recommend altcoins for investment or trading. because altcoins still have a higher risk. However, if you are ready for the risk and you still do research on whatever you are going to take, I think some of the altcoins below can be considered:
Apart from ETH and SOL that you have already talked about:
- XRP
- ADA
- DOT
they are still quite far from their ATH, it is true that it is a bit late to enter because their price increases are already very high, but when compared to ATH, all three are still quite worth investing in.
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they are still quite far from their ATH, it is true that it is a bit late to enter because their price increases are already very high, but when compared to ATH, all three are still quite worth investing in.
I'm not following them closely, but why are XRP and ADA pumping again? From social media, it sounds like some degens are pumping them for the sake of it, not necessarily because there are significant changes to their fundamental values. I saw some posts talking about Korean traders pumping XRP hard before the market got affected by the martial law, which cause BTC to crash hard there. Some influencers that I followed also wonder why this thing happens and why the whales don't pump their NFTs instead. Do you think they'll break ATH because of that?
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they are still quite far from their ATH, it is true that it is a bit late to enter because their price increases are already very high, but when compared to ATH, all three are still quite worth investing in.
I'm not following them closely, but why are XRP and ADA pumping again? From social media, it sounds like some degens are pumping them for the sake of it, not necessarily because there are significant changes to their fundamental values. I saw some posts talking about Korean traders pumping XRP hard before the market got affected by the martial law,
that is an interesting perspective because i thought that xrp is pumping in anticipation of trump's inauguration and him firing the current sec chair and appointing a new one who seems to be a lot more crypto friendly considering the sec vs xrp legal battles it makes sense that people would buy more since this is good news for them as for ada i am quite not sure and i have not seen any narrative why ada is spiking
which cause BTC to crash hard there.
it doesn't really matter as bitcoin continued to rise and reached massive prices regardless of the shocking event it probably helped that the martial was immediately lifted after a few hours
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You didn't say anything offensive and that's why I have nothing to mind here. I myself appreciate the opinions of others. And I welcome your opinion and would like to thank you for giving your opinion.
If I say something about my investment I have invested on bnb and the polygon long time ago and in the ton coin I don't have much investment and about the Dogsmeme I just put my $100 away I mean I am holding this memecoin. And about your prediction on ADA is something similar to my thinking.
And if I say something about the AVAX I love this coin for its limited supply and it has also the potential position on market I think this can also be a good choice for long term investors. But I won't invest on this bull season I will select this and ADA for the next bear season.
And to be honest about the others coin I don't have much knowledge I had some good things about SUI but I didn't make any explore on it.
And about the Near protocol yes this is also from potential category but I find it some similar to the TON coin.
Thanks for the words you are kind. Thanks for sharing your opinions as well because these opinions worth more than any paid groups. I under-estimated Pol and TON as after my reply to you both of pumped and I think Ton made new ATH as well. For now after some research in them I believe both of them will set new ATH from their CMP. NFA
Near is my best coin and AVAX too but unfortunately I don't have enough money to invest in Near as it will generate profit but not enough for me hehe I need more capital. So I just invested what I could and now searching for more low caps which are promising and won't rug pull and are also from the category of hyped narrative like AI or Depin etc.
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I myself actually try to reduce my investment in altcoins, but even after investing in my bitcoin for the long term, I have invested some of my funds in altcoins. And these are for the long term such as Polygon, BNB, TON and about one memecoin that is DOGScoin.
However, I don't want to choose any new coin to invest in because the market is in a bull run now and the market can turn to any situation. So I have currently put my investment off and am only investing in Bitcoin's DCA investment for some time. However, I am thinking that in the upcoming bear season, I will choose a few altcoins to invest in for the long term, and one of them will be Cardano (ADA) because it has been in the market for a long time and also has a potential market.
whatever your decision is the best and everyone has their own views and principles on the coins they excel at,
honestly I'm afraid to enter at this time where I'm afraid the bearish will come, because btc has reached 100k$+ even though the possibility of going up is still there, I just don't dare to enter
so right now I'm just waiting for the altcoin season to have an increase in sell
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I myself actually try to reduce my investment in altcoins, but even after investing in my bitcoin for the long term, I have invested some of my funds in altcoins. And these are for the long term such as Polygon, BNB, TON and about one memecoin that is DOGScoin.
However, I don't want to choose any new coin to invest in because the market is in a bull run now and the market can turn to any situation. So I have currently put my investment off and am only investing in Bitcoin's DCA investment for some time. However, I am thinking that in the upcoming bear season, I will choose a few altcoins to invest in for the long term, and one of them will be Cardano (ADA) because it has been in the market for a long time and also has a potential market.
whatever your decision is the best and everyone has their own views and principles on the coins they excel at,
honestly I'm afraid to enter at this time where I'm afraid the bearish will come, because btc has reached 100k$+ even though the possibility of going up is still there, I just don't dare to enter
so right now I'm just waiting for the altcoin season to have an increase in sell
For now, it is not good to enter and invest, because the average coin price is now increasing. It is better for us to wait to enter, rather than later our assets are stuck at a high price.
In investing, we must master the coins that we will choose, this is certainly important because it can increase the potential profit that we will get.
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whatever your decision is the best and everyone has their own views and principles on the coins they excel at,
honestly I'm afraid to enter at this time where I'm afraid the bearish will come, because btc has reached 100k$+ even though the possibility of going up is still there, I just don't dare to enter
so right now I'm just waiting for the altcoin season to have an increase in sell
Currently if you are fearing about investment then it could be good for you because market is on bull-run now and that mean market is on high price now if you invest and we know that no one can say that when market will fall back to downwards then there was a high of loss.
If I share my experience then in the previous Bull season I have made investment on bitcoin and after that investment market makes dump and dump and then recover now so if you don't want to face this types of situation then avoiding from the investment now will be good. Target the next bull season.
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whatever your decision is the best and everyone has their own views and principles on the coins they excel at,
honestly I'm afraid to enter at this time where I'm afraid the bearish will come, because btc has reached 100k$+ even though the possibility of going up is still there, I just don't dare to enter
so right now I'm just waiting for the altcoin season to have an increase in sell
Currently if you are fearing about investment then it could be good for you because market is on bull-run now and that mean market is on high price now if you invest and we know that no one can say that when market will fall back to downwards then there was a high of loss.
If I share my experience then in the previous Bull season I have made investment on bitcoin and after that investment market makes dump and dump and then recover now so if you don't want to face this types of situation then avoiding from the investment now will be good. Target the next bull season.
Currently the crypto market is experiencing a correction and my portfolio is reduced from before, I haven't found any negative news, what's wrong? but this looks like just a correction after bitcoin reached ATH $103K. After this we will likely see altcoin season and that's my analysis based on habit.
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Currently the crypto market is experiencing a correction and my portfolio is reduced from before, I haven't found any negative news, what's wrong? but this looks like just a correction after bitcoin reached ATH $103K. After this we will likely see altcoin season and that's my analysis based on habit.
Obviously it was just a correction, although many peoples face huge losses but most of all them were from the altcoins and yes meme coins also.
But I am still in profit because of just I invested on in bitcoin in large percentage I seeing some losses in my altcoins investment also but I am sure it will just recover in a few days. I am just looking forward to the next phase of pump in market.
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The cryptocurrency market is fast moving and highly competitive so timing is crucial so when and where you invest you need to catch up with your experience. As 2024 approaches savvy investors are looking for the best cryptocurrencies to invest in 2024 to maximize their returns. Although bitcoin and ethereum dominate the space with their proven track record and many people have already made big profits from it. Now it's the turn of altcoins section so list your favorite tokens now and fill your bag.
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Diversification might help to maximize the profits but the only problem is there's too many coins to choose which I can't seems to find any strategy that I can confidently say it will work. So I would say take the gamble of picking set of coins that must include established coins as well as new coins that are expected to rise so even if some meet the expectations it can be profitable.
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I myself actually try to reduce my investment in altcoins, but even after investing in my bitcoin for the long term, I have invested some of my funds in altcoins. And these are for the long term such as Polygon, BNB, TON and about one memecoin that is DOGScoin.
However, I don't want to choose any new coin to invest in because the market is in a bull run now and the market can turn to any situation. So I have currently put my investment off and am only investing in Bitcoin's DCA investment for some time. However, I am thinking that in the upcoming bear season, I will choose a few altcoins to invest in for the long term, and one of them will be Cardano (ADA) because it has been in the market for a long time and also has a potential market.
The Altcoins you invested in are good enough but you missed Sui which coin is doing much better. And it pumped a lot. However, now the market is in a very risky position, anything can happen in the market at any time. So always do market analysis and stay active in the market. And if you got your desire profits then it would be better to sell them and convert them to stablecoins now. Because the market can crash at any time. And the current crash will be a very big crash. So now it would be better to sell the coins from which you have already profited and wait for the bear season again
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We are not compelled or mandated to follow a single pattern on how we are investing on bitcoin, we can make our wallet of two kinds, the one to hold our asset for long term holding which will constitute our major portfolio and the second one, probably from an exchange to be used in terms of any demands for fiat, we can easily exchange from the wallet, having two or more other wallets kinds is recommended for us in cryptocurrency.
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I started to see altcoins will have bullish potential again to welcome the altseason when BTC.D dropped below 50% (maybe Jan 2025), and some of the coins I marked are as follows
XRP, this coin is very closely related to the US government and currently we know that the US government under Trump has great potential that will take cryptocurrency in a better direction ... even though the price is currently pumping because of the meeting of the XRP CEO with Trump, this coin is very interesting when Trump is inaugurated as president ...
DOGE, this memecoin is often mentioned by Elon Musk .. and we now know that Elon Musk's position is in the ranks of important people supporting Trump ... seeing his strong position, I am very sure there will be another surprise from Elon Musk for DOGE ...
DYOR
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XRP, this coin is very closely related to the US government and currently we know that the US government under Trump has great potential that will take cryptocurrency in a better direction ... even though the price is currently pumping because of the meeting of the XRP CEO with Trump, this coin is very interesting when Trump is inaugurated as president ...
Since when did XRP become the government's best buddy? Haven't they been slapped with many fines and lawsuits before? I don't think things change that quickly just because the president changed. Meeting with the new president means nothing if they still get slapped with another lawsuit soon because they break one or two rules. I do agree that the price is pumping like crazy though. I believe some Koreans pump old-school coins the day before martial law is announced. Hopefully, they can find another guy to lead the nation soon because his action is wild so far. Not like that will affect how you'd allocate your money for holding or trading outside South Korea though.
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DOGE, this memecoin is often mentioned by Elon Musk .. and we now know that Elon Musk's position is in the ranks of important people supporting Trump ... seeing his strong position, I am very sure there will be another surprise from Elon Musk for DOGE ...
Not only that, the name doge is made as an abbreviation of the Department of Government Efficiency (D.O.G.E) which is a presidential commission requested by Donald Trump in preparation for his second term and then realized by Elon Musk.
This makes the name Doge more known as a unit in the US government and makes the price of DOGE go up and may even reach a new ATH soon.
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Since when did XRP become the government's best buddy? Haven't they been slapped with many fines and lawsuits before? I don't think things change that quickly just because the president changed. Meeting with the new president means nothing if they still get slapped with another lawsuit soon because they break one or two rules. I do agree that the price is pumping like crazy though. I believe some Koreans pump old-school coins the day before martial law is announced. Hopefully, they can find another guy to lead the nation soon because his action is wild so far. Not like that will affect how you'd allocate your money for holding or trading outside South Korea though.
Any action taken by a giant like XRP will certainly attract attention and more so where governments or regulations are involved. It is true that changes of political climate/ plicies can create new opportunities but then it cannot be overemphasised that there is life beyond that reflected in political scenarios and we do have to be practical while looking at the value in our assets. As it has been identified, generally, any flash of consequences in the crypto market involves sudden price increases or decreases independent of the cause behind such a change. In such conditions, it will be wiser to adhere to the constructions of our investment plan and the effective risk management much more than overwhelming importance of such factors that are impossible to control. There is a great deal going in the global market and the best bet should be to opt for right ratio and balanced analysis.
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The Altcoins you invested in are good enough but you missed Sui which coin is doing much better. And it pumped a lot. However, now the market is in a very risky position, anything can happen in the market at any time. So always do market analysis and stay active in the market. And if you got your desire profits then it would be better to sell them and convert them to stablecoins now. Because the market can crash at any time. And the current crash will be a very big crash. So now it would be better to sell the coins from which you have already profited and wait for the bear season again
Yeap, I would like to agree with you that I missed that I want to also say that I also missed the Doge coin also because when I invested on the Dogscoin I could already have 3X profit if I would invested on the dogecoin..
Anyway about the SUI coin who knows that they made such kind of updates and also will have this much potential on market. Anyway I am happy with my Bitcoin investment right now as I already gain more than 65% profit.
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I confess that after this post, I still haven't added other crypto assets than BTC to my portfolio. I'm 100% invested in Bitcoin, doing DCA and I haven’t been following the market much. Given this correction, it might be a good time to add new positions and look for tokens with potential for appreciation that are still in correction.
At the moment, I believe SOL is the most promising, as well as DOGE, and I expect a strong recovery for Ethereum.
That's me, because I'm not confident enough to predict the peak of BTC price before ATH happens... it's better to exit gradually so that we will still have the opportunity to sell at the highest price even though not 100% of our assets are sold at the highest price....
For this purpose I divided the sale into five stages, with each phase selling 20% of my assets... it proved to be quite profitable because I got higher sales for 80% of my assets... 20% of my assets should have been targeted to be sold at $100k, but that hasn't happened because BTC price hasn't reached $100k level until now. .. let's wait for the next few weeks, because this is still in the bullish phase.
I learned this the hard way. I opened my long position in November and had a positive ROI until the end of February. However, with this 30% correction in BTC, in addition to having returned all the profits, I am now at a loss...
Now, in my next trade with BTC, ETH or SOL, I will do it as follows: I will monitor the RSI on the H4 chart and perhaps the H1 chart and as soon as it's overbought, I will make some sales to guarantee my profit and rebuy when the RSI on the H4 chart is oversold. Because the price always corrects when the RSI on the H4 or H1 chart is overbought or sold.