Is Alt-season the right moment to HODL BTC?

Hey everyone, good morning from my side. I've been pondering about this Altseason since I've never really gone through one before... I'm still pretty new to crypto trading. So, I’ve got this $100 set aside to invest in some promising crypto tokens, and someone brought up Bitcoin while I was showing them a price move on BGB. Now I’m a bit torn. Should I stick with well-known big names in crypto or explore this other token? I mean, I saw it at $3 last month and suddenly it’s at $5.01 today. Apparently, the big boost comes from this CEX's partnership with MotoGP, and now they’re even working as a PayFi for a blockchain. I’d really appreciate some insights from those who’ve been through a bull run before. I noticed there’s a 30% discount on this utility token, probably ‘cause of the CEX's 7th anniversary. Looking forward to hearing your thoughts in the comments!

If you've got $100 to spend for this alt season, then it's advisable to get hold of major altcoin that has strong based utility, stood through the test of time and still have strong momentum despite the breakdown that happened during the bear season. Bull run usually favors those altcoin that has strong backup, exposes the altcoin that only came for pump and dump, that's why it's good to purchase blockchain based tokens (Layer 1&2), centralized and decentralized exchange token, and top meme coins in the market, to really be profitable in the alt season, $100 can get you good quantity of them. $100 won't get you much quantity of Bitcoin, and so the profit would be slow, but Bitcoin is a perfect investment.

It is usually a good idea to hold Bitcoin at any time.  I wouldn't advise speculating on it during this part of the 4-year cycle, but when it comes to crypto it is best to save in Bitcoin.  If you want to trade or speculate, have fun in memecoins or whatever, but your main goal should always be to stack more BTC.  There are situations where diversification plays a role and your goal could be to earn more fiat, and if we're being honest that is the goal of 99% of the people here, but long term, make sure you're stacking some corn.

One thing I've learned from all of the time, no matter how big or small your budget is for Bitcoin. It's usually worth it to have it at all types of the market that we're facing. Whether you hold it this time and you've got some spare with the alts, you decide to sell them for Bitcoin and hold it for longer time. Stack up while you can and while the astronomical prices are yet to come. Because once we're there already, questions like this will start again and others might say that it's too late already. But we say, it's never too late.

Looked at the profile of the op and seems all op does is promote altcoins with some related bitcoin or general crypto questions yet I don't they are really necessary questions or genuinely questions because it shows op just have to mention the questions yet advertising some altcoins just like he mentioned BGB which definitely had nothing to do with the topic of he wanted to ask a question truly but however, bitcoin is the safe haven of all cryptos it should be the goal and anything else you're doing it should be aligned with bitcoin as the end result for that! no coin is trustworthy as bitcoin that you should know.

I suggest you don't put all your money into one type of cryptocurrency as that would be very risky for your portfolio. And I also suggest diversifying to avoid the risk of significant losses if one cryptocurrency performs poorly in value. But I would prefer to suggest putting the major of your money into Bitcoin. Bitcoin has better resilience than altcoins and even if you hold it for a long time. BGB may indeed have advantages with its partnerships and even the big names behind their exchange. And they have a buyback & burn program that allows the value of the token to grow. But you should not rush into making a decision. If you manage to reap profits from the token then immediately switch to Bitcoin. Those are some suggestions and even my point of view for you as a beginner to avoid mistakes which beginners often made.

It’s always a good time to HODL Bitcoin. If there is a true Altcoin season though, traditionally that is the time to rotate some of your portfolio out of Bitcoin & into Altcoins to maximise profit. You might want the fiat profits or even to rotate back into Bitcoin to increase your holdings. I am not going to advise you what to do though.

there is no specific time limit for holding bitcoin. You can start investing in Bitcoin whenever you want. If you prepare yourself for buying bitcoin then you have to wait for a certain period of time. However, before investing, you must understand and know, only then should you move towards investing. You need to be prepared for investing. There is no need to wait for the Alt Season. Let's invest whenever you want, there is no problem in it.

In the altseason that I experienced in 2021, bitcoin price rose but the altcoins did not. Yes, the altseason later came and the altcoins rose significantly up to May of 2021. Later the altseason ended when bitcoin dropped from $63500 to $30000. Bitcoin later increased again and got to $69000 in November, but altcoins did not increase that much. To hold bitcoin in long term, altseason should not be a barrier. Bitcoin as of today is around $116700.

I just focus on the question in the topic title. Any time is a good time to hold Bitcoin (BTC), as this asset has demonstrated price consistency over time. A few days ago, the price of Bitcoin (BTC) dropped sharply, but now it's reviving optimism among Bitcoin (BTC) believers in the market. However, if we're talking about a more appropriate time, altseason shouldn't be the best time to buy Bitcoin (BTC). Why? Because one indicator of an altseason is a weakening Bitcoin (BTC) dominance.

Yeah, I think experienced crypto enthusiast will go with Bitcoin. Or at least those who have heard about Bitcoin, then that is the first thing that they will put their money with. But in this current cycle, we have seen social influencers who pointed out that altcoins or meme coins are the best as it will give them huge returns as compare to Bitcoin or even Ethereum. But then again, as I have said, traditional investors will likely go to Bitcoin. I have nothing against those who invest one meme coin or some altcoin that they think that it will give them huge multiplier. However, the risk is very huge and if you don't know how to mitigate or handle the risk, then it might not be for you as you could lose a lot of money in the end. It could be a very expensive lessons to learn though for newbies to go on that kind of experience.

Fuck whatever shitcoin that is tempting you to invest on, because they wouldn't be able to give you a better profit compared to bitcoin in the long term. Only if you think the cryptospace is a get rich quick scheme, then you can gamble with any shitcoins of your choice. Bitcoin is the king and forget about the price but think on investing and accumulate a good size for your future overtime.

If during altcoin season you see Bitcoin’s price dropping or staying low while most altcoins are rising, I think that’s a good opportunity to buy some Bitcoin — as long as you actually have the funds to do so. That’s really how the movement and strategy in the crypto space works: wherever there’s an opportunity, that’s where we should take action and buy — whether it’s Bitcoin or altcoins. As long as we benefit from it, then why not, right?

Hodling BTC is the reason some people are investing in altcoins and BTC in case there is altcoins season that will make them to sell off their altcoins and continue hodling BTC to double their profit in the nearest future. Not that is a rule that you must sell your altcoins in BTC season , because some time BTC season will not move BTC investors to sell than to see their altcoins as alternative to make money to solve problems. But if you have idea of BTC and altcoins, you will prefer to sell your altcoins at any time to spend the money on profitable business, because you no the more you hodl BTC for long years the more you have opportunity to earn massive profits that will lift you financially.

Are you trying to promote bitget? It seems you are referring to the seventh anniversary of the exchange for whatever reason that I can't put my fingers on now. If that's your aim well you know better but you should have put out the link of the anniversary directly. Good luck. However, I won't invest in a coin that is cutting off 30% of it original price. It doesn't look right for me. I will stay off it and either invest in Ethereum or bitcoin despite having a $100.

Bitcoin is the best coin because it is safe and carries less risk compared to other coins. There are also good altcoins, but honestly, none can be compared to Bitcoin. So, I would just advise you that holding Bitcoin is safer than holding any other coins.in fact, even if you are interested in investing in altcoins, I would not advise you to invest in all these new projects, because most of them are pump-and-dump schemes. So, if you want to invest in altcoins, it is better to choose reputable coins those that have been in existence for a long time  like BNB, Solana, Ethereum, and others. But even then, your investments should still be based on thorough research.

If you're not so sure you can always try to venture into altcoin with using 10% of your holding or something if you're really want to get the taste of that altcoin season. Personally, I think if you've seen some altcoin doing 2x like you described, big fat chance you're already late. However, you know what, do your own research and decide, since it's your money. Try to analyze whether altcoin season gonna get some big pump again or not. Rotating in altcoin isn't as easy as you imagined though.

There's no real time to be thinking about holding BTC. It's a must, that's my opinion. With altcoins, that's where it is different. If you have a good amount of BTC in your stash and just want to spend that $100 for something else, I would probably invest it in old school alts. Ethereum, etc... But if you are somehow a high-risk investor and want to put that money on something else, then it's going to be hard to find a project that will be successful in the future. Especially now that most eyes are on BTC in the Ber months.

Now is not the time to be investing in Bitcoin if you only have low money available like $100. If you put $100 into Bitcoin now, you might see a 50% gain by end of year if you are lucky, hardly worth it is it. But if you put $100 in to many top altcoins, they will 3-5x your money at least , maybe even 10x. Bitcoin is good for long term growth, but this coming altseason only comes around once every 4 years so it would be a waste for you to be in Bitcoin. Altcoins are more of a risk yes, but top altcoins in the top 50 for example are very little risk and you will likely see good return by end of year if you invest in them today.

Bitcoin is always good for investment and holding. All the altcoins depend on the bitcoin price, so if the bitcoin price drops, then no altcoin can pump, so you have to think about bitcoin first, then altcoins. Yes, altcoin is the best way to get profit quickly, but it also has a high risk. So, you can invest in Bitcoin at a very low risk. And if you hold bitcoin for a long time, then you will get a good profit from here, so don't ignore bitcoin. Invest in Bitcoin first and then invest some budget in altcoins. And try to sell your altcoins when you gain 20% of profit because altcoins can drop at any time, so then you will face a loss, and you will panic to sell your altcoin at a loss.