Altcoins definitely have their peak seasons; I have positions in all the altcoins in my selection area. Except for SOL, DOGE, NEAR, and FET, I hold 7-digit amounts in the others, with an average holding of 6k-20k U for the rest. I sold basically all of my 180 ETH between May and July, and now only have 12 left. I sold 80 ETH back in the second half of last year when it was at 2800. Because I entered the market early, I will gradually sell the altcoins I hold the most, like SOL, which I sell daily at an average cost of 46.17.
After November 5th, I sold less than 20% of the spot that increased in price. The last couple of days, I haven’t sold a single coin. The original target was to clear all altcoins before March 19 next year, leaving just a bit of SOL. I’ve already set up staggered sell orders in advance; I sell 20% for every 30% increase. Once the altcoins are sold out, I will be in cash and will not buy any more coins. I definitely won’t sell before reaching my psychological price point. I held altcoins for 2 years; I sold a lot last March (2013) when coins like GALA and MANA increased by 3-4 times, and I exchanged all of them for BTC and ETH. When the holding ratio of BTC and ETH reached 70%, I engaged in half a year of coin-based contracts, using the BTC and ETH earned to exchange for other altcoins to get to where I am now.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.