Are you selling altcoins next pump?

[Abiky]

I am not holding too many altcoins because I don't trust altcoins that much. We have seen some tragic incidents in the past with altcoins, and that has made me vigilant about my investment choices, especially if I'm planning to buy and hold an asset for the long term. I'm mostly invested heavily in Bitcoin, and a few altcoins that I trust the most because I know I can get some profits from them, but I don't want to take too many risks. I know altcoins can be very profitable sometimes, but it's not worth the risks involved, in my opinion.

For me, having most of my capital in Bitcoin, a portion of it in a few top altcoins, and the rest in trading is the best way to move forward. I keep liquid assets that I use for trading activities, and I must say that trading can be very profitable at times if you know how to manage your trades and risk-reward ratio. Don't trade blindly, of course, and make sure you have your stop-losses in place at all times to avoid excessive losses.

To each, their own. Not everyone finds altcoins appaling. Especially when they're much more volatile than Bitcoin and less-decentralized. That's why some people are Bitcoin Maxis. On the other hand, there are people who prefer altcoins instead of Bitcoin out of convenience (low fees, faster confirmation times).

As for me, I'd hold both BTC and altcoins as some sort of diversification strategy to help protect my investment against undesired losses. The more you diversify, the smaller the risk of loss will be. We can never tell when the next "pump" will happen, due to the unpredictability of the crypto market. Just stick with the "blue chip" coins (those among the top ranks in market cap), and there should be nothing to worry about.

[bitgolden]

The more that you hold altcoins, the more they depreciate in value. You should have sold when you saw that huge profits in December, because there is no guarantee that your portfolio will be in such profits again. It is only bitcoin that is a long-term investment because the price increases overtime. Altcoins is the opposite of bitcoin with little trust on the projects because majority of them in the past rug pulled their investors.

There is also other users who said the same. I don't understand. For what they are called assets?
Investments? If they will only depreciate. But if there is one like that, that would only be the money or fiat as we know it. Each has their own target, so we can't just please anyone to do this or to be like us. We don't know maybe they only have a higher target than us? And that is why they are willing to risk more and hold longer.

The most important thing is that, as long as he own alts that are somehow good in quality, then there is also good chance that they will recover. So we must not be afraid. BTC on the other hand is also known to be a highly volatile coin/crypto, so it does wonders too for the short term.

[Firstfrost]

I am not holding too many altcoins because I don't trust altcoins that much. We have seen some tragic incidents in the past with altcoins, and that has made me vigilant about my investment choices, especially if I'm planning to buy and hold an asset for the long term. I'm mostly invested heavily in Bitcoin, and a few altcoins that I trust the most because I know I can get some profits from them, but I don't want to take too many risks. I know altcoins can be very profitable sometimes, but it's not worth the risks involved, in my opinion.

For me, having most of my capital in Bitcoin, a portion of it in a few top altcoins, and the rest in trading is the best way to move forward. I keep liquid assets that I use for trading activities, and I must say that trading can be very profitable at times if you know how to manage your trades and risk-reward ratio. Don't trade blindly, of course, and make sure you have your stop-losses in place at all times to avoid excessive losses.

To each, their own. Not everyone finds altcoins appaling. Especially when they're much more volatile than Bitcoin and less-decentralized. That's why some people are Bitcoin Maxis. On the other hand, there are people who prefer altcoins instead of Bitcoin out of convenience (low fees, faster confirmation times).

As for me, I'd hold both BTC and altcoins as some sort of diversification strategy to help protect my investment against undesired losses. The more you diversify, the smaller the risk of loss will be. We can never tell when the next "pump" will happen, due to the unpredictability of the crypto market. Just stick with the "blue chip" coins (those among the top ranks in market cap), and there should be nothing to worry about.

You made a great point especially with diversifying, for me as long as it’s the top marketcap altcoins then i’m definitely holding. Then take profits from alts first due to high volatility and leave Bitcoin. However, altcoins investors don’t invest in altcoins mainly because of low fees and faster transactions but they do so obviously because of the potential high profits.

[Reatim]

I am not holding too many altcoins because I don't trust altcoins that much. We have seen some tragic incidents in the past with altcoins, and that has made me vigilant about my investment choices, especially if I'm planning to buy and hold an asset for the long term. I'm mostly invested heavily in Bitcoin, and a few altcoins that I trust the most because I know I can get some profits from them, but I don't want to take too many risks. I know altcoins can be very profitable sometimes, but it's not worth the risks involved, in my opinion.

For me, having most of my capital in Bitcoin, a portion of it in a few top altcoins, and the rest in trading is the best way to move forward. I keep liquid assets that I use for trading activities, and I must say that trading can be very profitable at times if you know how to manage your trades and risk-reward ratio. Don't trade blindly, of course, and make sure you have your stop-losses in place at all times to avoid excessive losses.

To each, their own. Not everyone finds altcoins appaling. Especially when they're much more volatile than Bitcoin and less-decentralized. That's why some people are Bitcoin Maxis. On the other hand, there are people who prefer altcoins instead of Bitcoin out of convenience (low fees, faster confirmation times).

altcoins are not all profitable you will be lucky if one altcoin pumps and you are at the right place at the right time and we know that a lot of people are in the crypto space to make profit

but as you said those who regularly use crypto for transactions prefer altcoins because of the low fees compared to bitcoin and if it is small transactions anyway they would regret using bitcoin to sell for these transactions