You are incredible.
thanks for the spirit.
Am I wrong, if I sell altcoin to buy ETH ??
The proverb sell does not mean to spend but starts a more current level.
I expect wise advice from you, because I am sad ..
When the overall market starts pumping, it is typically two types of alts that benefit the most and their price increases like crazy:
#1) Alts with tons of hype
#2) Alts that have a working product, a solid community backing it up, and active development (there are strong signs it will hit its roadmap goals)
So for eth, let's see: Yes! It is in category #2 and I am a strong believer in ETH and I believe it has a tremendous future even more so then how far it has come.
When I look at the price now, I see it as a great bargain. If you are hesitant about ETH, you can look into other similar projects, mainly neo. Or you can put equal amounts into eth and neo to hedge your losses and gains.
But, actually, what I recommend is to not sell any of your alts at all, especially if you would lose a substantial amount of money. Actually, I would straight up buy more btc or eth with cash. For me, I'm not a rich guy and I didn't have that much spare money to invest. So the past three months I looked at my income from my job, took a reasonable percentage out of it and used that to buy more btc. I then just did without eating out, or buying extra things , no major lifestyle changes really.
Might sound extreme, but that's how I took advantage of it.
And I would say I'm quite successful, since first starting out, I have increased the amount of btc I own by 9x and the amount of eth by 12x.
I buy when low, then make strategic trading choices while the market is pumping.
