(Dec 3, 2024 12:43 PM)Omniscient Wrote: I had $xxx,xxx in alts in 2020 when Biden took office. In a year that got decimated and I ended up selling for huge losses instead of profit. Most like Divi or XRD have gone to nothing and are still lower than what I sold at. With alts, you can't hold forever, you must at some point decide to sell for profit. This is not true with Bitcoin. You can just hold it and wait for next bull run.
Taking profit from alts is the only strategy. Everyone who thinks their $200,000 in alt value is going to $1m is just setting themselves up for a massive loss in value. Sell too early though and you have regret, don't sell at highs, you have regret. Basically you're gonna have regret. Unless you Buy Bitcoin, Hold, and STFU. It's the only true 100% winning strategy with crypto investing.
Real.
I was up 700k+ in alts during the 2017-2018 run up and held to 0. Same thing happened during defi season 2021, portfolio was at 300kish then held to a few thousand.
Alts > majors will be my move this time (i hope).