Hey everyone,
I don’t have any friends into Bitcoin (as hard as I try) so thought I could ask on here as I enjoy this forum a lot and I’m a bit torn with what to do.
Long story short, I invested some money into bitcoin and some altcoins last year. I have since been down the rabbit hole (and still going), learnt a huge amount and have decided that I’m better off with just bitcoin, the actual real money, that works.
All my altcoin investments are down from the crash but I am wondering if I should cut my losses and convert them all into btc while the btc price is lovely and low. If I wait for this to happen the problem will be Bitcoin will not be as ‘on sale’ as it is now and risk not being able to get as much.
- I wait to regain my altcoin losses then sell for btc
- I sell all altcoins now for btc
- I wait for altcoin profit - convert to stablecoin - Then buy btc when it drops again (whenever this maybe... if it’s not ‘the last cycle’)
Your thoughts would be appreciated Cheers
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