Hold more Bitcoin or Buy Altcoin in the red zone

[coinsontheroad]

No more red zone 

For sure. Seeing how the markets are today, I would (and will during 2x) buy altcoins in the deep red then wait for the turnaround.

[BTCMILLIONAIRE]

Sell coins that are high and buy when they are cheap. BTC is at a high and alts are cheap so it's a good time to swap to alts.

It's not always that simply. And you need to consider tax as well - assuming you'd like to buy a house or stocks at some point in your life. Crypto profits are useless if you can't use them and if you flip around too much your tax bill will eat up half of your profits instead of 10-20%. And if you try to evade, you'll go to jail instead of being rich. Obvious points that most people seem to be missing or ignoring on this forum.

[dansmith_99]

Bitcoin is a moderately safe investment, it the long term it is going to continue to grow, but alts are much more versatile and risky. If one is going to invest a lot of money into alts they need to do their own research and resist FOMO. FOMO has ruined many people who put their money into scams.

[BTCMILLIONAIRE]

Bitcoin is a moderately safe investment, it the long term it is going to continue to grow, but alts are much more versatile and risky. If one is going to invest a lot of money into alts they need to do their own research and resist FOMO. FOMO has ruined many people who put their money into scams.

This is so true. I keep seeing people who keep flipping coins like pancakes due to FOMO, and then they end up complaining about how much money they lost. It's sad and funny to me at the same time.

[Freegan]

The price of bitcoin has grown so much, dragging all the other criptomonedas down, that I would rather be patient and wait for the necessary correction that the markets need in order to release some of the pressure that the strong bullish trend of bitcoin has caused. Do not burn your coins!, anyway the Bitcoin Gold does not promise much.

[a4techer]

Right now still holding some of my coins and investing, someday we know that or when is the time to buy altcoin. But if you want to take a risk to buy altcoin grabi it now we know that someday altcoin was increasing continuesly and in this situation dont bother you self hold some of your bitcoin and the other buy and invest to earn but take a risk.