TLDR: Seriously considering dumping my alt coins to consolidate into BTC. Good or bad idea?
The longer I've been in this space, the more I trust the longevity of BTC (ETH not as much) over the rest.
Been DCAing only BTC for several months now. The alts of my portfolio are down 40% on average, while my bluechips (BTC/ETH) are only down 20%.
Will certainly take a big loss if I consolidate into BTC, but I can write off the losses, correct?
If I do this l'Il be closer to my BC accumulation goals with less coins to keep track of while the market evolves.
To be clear, I'm not stressing about this Bear at all. Would be fine letting it all sit and stake like I am now. Just thinking this might be a better move for me.
Good idea or bad idea?
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments