This is a little short piece, giving you a heads up and to get your greed in check.
This past week, we have been seeing a very big movement in alts, for first time this year. It might have you thinking about putting everything into alts.... But that might not be a good idea. BTC is slowly moving up today, with alts actually seeing red. For those in the who are confused by this statement, let me remind you, we saw this TWICE last year.
First one was back in the early time of 2017, alts we're blowing up due to the lack of progress from btc. There was a point it looked like eth might actually surpass BTC. Then, boom! BTC took off, and all the alts tanked. That was the first one.
The second one was during August. Again, same situation. Lack of progress from the fork debate, wondering if it would all work out. People put money into alts, and Bam! Alts tanked again, and BTC took off.
I'm not saying to get out of alts. What I'm saying is IF you are in alts, it would be wise to have a stop loss set. Just because the dollar value might still be there, doesn't mean you aren't losing money. Of course though, if you don't care about the BTC pairing , continue on what you're doing. BUT, if do.... Have your stop losses set and ready to go, because I totally believe the bull is coming.
Thanks for reading! Feel free to commment below.
