when btc rises people tend to take their money of alts and put it into btc, price of alts drops in sats due to this and you have effectively lost money. When BTC drops people tend to either take their money all together from crypto and hold cash, now ur alto coins might keep their price in sats but their price in USD decreases as BTC price drops.
Basically if u time the market well and take your btc off alts and then btc jump 20% then u can come bak to alts and buy 20% more of that alt, or even more assuming that alt also dropped due to people selling to get on BTC.
most of the time people fail doing this.
Benjamin Mitchell
So for a tldr
Hoard alts when btc bears
Sell alts to btc when it bulls?
Henry Rogers
>Whole family invests in crypto
You guys must have had a fun Christmas(except the women). I wish I had somebody to speculate about this shit with
Asher Williams
Maybe. The way I see it, if BTC stays stable that creates the best, most organic environment for alt trading. We want that shit to go sideways. As long as there is heavy volatility you can never be sure what is going to happen with your alt.
Brody Anderson
Nice glass hands. I’m up 6% today, but I’ve held through 20% drops. Start working on your grip exercises.
Owen Howard
How often do shit coins like ember fail overnight? That shit is worth 0.0004 cents and my inner pseudo jew is rubbing his hands prospecting it could get to $0.01
Oliver Martin
If BTC is crashing then having cash is best, because alts will lose price against USD as well as BTC so if u sell as a crash is happening then come back and buy alts/btc after btc has further dropped 10% then u can buy more.
It's all about timing the market, be careful, some alts don't crash as hard and moon quicker than u can get back into, gotta understand your shitcoins too.
tl;dr BTC MOONIG=SELL ALTS, BUY BTC, at btc ath buy alts before they recover BTC CRASHING= Sell alts, sell btc, hold cash or tether if you're gay, at the bottom of the crash buy btc/alts with USD.
disclaimer: Most people fail doing this. If you haven't been doing this for a while just hold, alts will recover, unless u invested in some pajeet pumpndump
Angel Thomas
>disclaimer: Most people fail doing this. Because you don't know if BTC is actually crashing This correction from 19700 wasn't really obvious until it stayed below 17000 for a while
Also you don't know if BTC is honestly going to moon or how people are going to react. This time, everyone reacting by dropping everything and it was good, but the following pumps, my alts barely budged. I probably would have taken a loss if I tried to react to the following pumps.
On the contrary, I've held and my alt keeps recovering its USD value. I've lost a bit of BTC value, but I think my alt will make decent progress soon. It also keeps recovering to within 2-3% of my buy price, so I'm not really worried by a few mini pumps
