But I always keep in mind in my opinion the whole cryptocurrancy world is one big bubble. That's why I always sell when bitcoin drops below mayor support level. Remember it's better to save ur money, their will be so much opportunities to grow ur stack it's not worth the risk. I just want to take as much money possible trading the waves.
There is a big risk and the altcoin bitcoin will drop in price.
As I see it there just two options:
1. Just hold ur coins and wait it out.
2. Sell ur coins and try to buy back lower.
Now let's take a look what's the best option with a simple example. We have the crypto prediction coin, I call it CPC, it's traded for 110 usd. All markets did go almost straight up like the past weeks, but bitcoin did go below mayor support and we can sell the CPC for still 100 dollar.
As I see it with a good drop, we can easily drop 30% or more. So we could buy at a price of 77usd, that means for our 100 dollar we buy something about 1.3 CPC.
In the bad scenario we will sell our CPC for 100 dollar, than bitcoin regains strength and the worst scenario we would have to buy the CPC back at his original traded price of 110 usd, that means we can buy something about 0.91 CPC.