This always happens...we need something like Bitcoin to stay like above $15K, due to adoption, not speculation. At that point, FOMO for Altcoins also
kicks in as they are 'cheaper' per unit. In the past the Altcoins tend to go up faster in such a senario and then dump even more than Bitcoin ..should BTC
back slide some. So the 'trick' is ..to 'time' your altcoin sales at that sweat spot for Bitcoin, IMHO.
Sometimes this works, but even so you will never time it at the ATH for your particular Altcoin vs Bitcoin...but hey, hope springs 'eternal'.
Thus, myself, I have the usual forks of BCH and BSV ...I plan on dumping 1/2 of them...leave the rest alone on legacy wallets. *no real reason, just doing so*
have some LTC/LISK in a Solo401k plan I should *probably* dump for 'income' now that I've retired. And Siacoin (don't ask me why)..which I should also dump.
My timing sucks, only all above worth maybe 3 BTC after cap gains and stBradate taxes...was 6 BTC a few months ago, live and learn.
But, yeah, this is the last or most altcoins I plan to move to BTC...but 'timing' wise don't pay any attention to me.
Again, the catch is when Bitcoin Pumps all Altcoins 'dump' as people get out to 'buy' Bitcoin on the FOMO.
So, I'm in HODL mode on my 'altcoins' above, until, HOPEFULLY, Bitcoin stabilzes at a floor price of say $15k and then the Altcoins (in the past..remember
I know zip) have then caught up. So if I'm right and time such, I can get some more BTC than selling Altcoins now...if I am wrong..my alcoins will 'mostly'
go poof anyway and I will dump and my problem is also solved. (win/win/sob!)
But to me, enough drama with BTC ..plan to get the rest of my mined and other dubious altcoins out the door for Bitcon ASAP!
Then *hopefully,* I will only have to *fret* about what to do with all my BTC money? Will I wimp out and sell to much? Will so much $$$ worth of Bitcoin
*mysteriously* make me more attractive? Only time will tell on the above ..*clueless* I'm just winging it!
Brad