You should have a portfolio where you believe in your coins, and you won't regret buying them. If you buy without understanding the essentials you won't be able to hold.
I'm doing 1/4 BTC, 1/4 ETH, 1/4 XMR & the rest spread out on alts with a good reason to exist in 5 years.
Unfortunately it is king because it has the brand name, the hash power and every alt is traded against it. But let's face it - it's a shit coin, awful T/PS, fees and confirmation times. But it's what moves the market...
I've had to face up to that and ever since the catastrophic 2018, I've been buying every dip of BTC as my alts got decimated. To the stage where I am 50/50 in BTC and alts.
It is king because it is - no other reason. I resented buying it in 2017 and learnt my lesson
Me writes he swinged alts in wrong moment
here comes You
>YOU DAWG I WAS 100% IN BTC SOLD PURE TOP, BUYED BOTTOM OF ETH, RODE IT TO TOP SOLD AND BTW I BUYED NANO AT 0.0002$ AND SOLD AT30 $ SO FUCK YOU
First Im glad you are god among traders, second why are you adresing me and what drugs you use lol?
look guys he read a trading view post
>takes two hours to send 10.00$
>king
yeah idk about that. Also dont give me that store of value crap
Did you not read the part where I called it a shit coin?
You did
I was once a mETHhead, until I found out that all the gains are in BTC before they flow to other coins
Alts are good for pump and dumps though
so your going with muh store of value then?
let me ask you this. after everything is said and done to people cash out ?
all above can be summarized "market dominance".
50%+ dominace =king
Yes its "muh store of value" meme shitcoin but will remain dominant for long time for all reasons you mentioned.
Than again times of 70%+ dominance are over and are not comming back only most deluded maximalists cant see that.
Its numbers game
Trade alts when dominance is 55%-60%
Go back in btc when its close to 50%
You are wellcome user
Exactly what I plan to do. Once Bitcoin reaches it's plateau, alts will start to gain and I have a small stack on Binance to play with when it does.
No, you spend it as Bitcoin when the technological layers built on top of it make it a viable system of payment. In the short term, HODL it and accumulate