Wow, he has confused you all! If only it were that simple in the market.

When to sell altcoins?

Key indicators: Bitcoin dominance and altseason index.

1. Bitcoin dominance around 40%

When Bitcoin dominance falls to 40% and below, it signals active growth of altcoins. However, the growth is usually temporary. As soon as Bitcoin dominance starts to rise, it's a sign that capital is returning to Bitcoin, while altcoins lose value.

2. Altseason index – 95-98

An index above 95 indicates overheating of the altcoin market. This moment is suitable for exiting altcoins, as most of them have already reached peak values.

Reminder: the real purpose of altcoins

Altcoins often exist not for long-term capital preservation, but to extract profits from retail investors. In practice, they serve as a tool for pumping money back into Bitcoin. Keep this in mind to avoid being among those who lose their investments.

Conclusion

You should sell altcoins when Bitcoin dominance starts to rise, and the altseason index reaches peak values.

Link to Bitcoin dominance chart
https://www.tradingview.com/symbols/BTC.D/?exchange=CRYPTOCAP

Link to altseason index
https://www.blockchaincenter.net/en/altcoin-season-index/

#2024withBinance
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