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BTC Dominance

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by COINS NEWS 5 Views

BTC & Chainlink are the only cryptos up in my portfolio. BTC average is around 63k. BTC is my second biggest holding after ETH.

My alt bags are down heavily between 15%-60%. They were up a similar amount in November and I didn't take profits.

Does it make sense to use extra cash to average up on BTC in 90-94k range or to cut losses on some of the alts until QT ends. Or just wait.

ETH bag is 17% down.. Literally bought some more ETH at the worst time before last weekend... I know.

I treat BTC as an investment. The BTC I own is basically in an ETF (which I know, a lot of people on this sub will say what's the point if you don't have it on your own wallet?). I get that, I get the risks, but I came into BTC a lot later and I treat it as any other asset class.

I'm planning to sell the BTC this bull cycle by the end of year. As well as selling all other cryptos too.

The question is: wait and hold the alt bags until QT ends. Who knows when this could happen, and alts could bleed a lot more until then.

Or just cut some of the smaller losses alts and go all in on BTC. I haven't sold any BTC since I bought in August, so I would be averaging up.

Anyone else in a similar situation as me? Too premature on the alt season?

submitted by /u/n1247
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