Bitcoin is safe yes but I just dont see point in cashing out now if I cash out now I cant even buy one Bitcoin but if I cash out my altcoin profits in the peak of the bull run and then buy in the next bear market I might be able to buy 2 Bitcoin.
Each to their own, take note that there is no guarantee that the altcoins you are storing would pump at the 'peak' of the bull run and give you a lot of money, they could also dump, and you'll lose money. So many of us do not trust altcoins because they don't have utility like BTC does, but if you believe in what you are doing, then goodluck.
Just look at an altcoin called Arcblock - you probably havent heard of it if youre not into Altcoins. I got in last year @ $0.11 average and it is now $4.05, it hit $4.76 a few weeks ago - it has given me over a 40x return in just over a year , you do not get that with Bitcoin.
I want to be in Bitcoin long term but I believe I can make more money with altcoins to then be able to buy more Bitcoin.
First bull run for me and I do not have any Bitcoin yet but do want some after this bull run to hold until 2030 at least.
Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?
I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.
You mentioned you yet to have bitcoin then I suggest you to start with bitcoin which is the unwritten rule to be successful crypto investors. Definitely taking the profits from altcoin and buying them for long term is good strategy but it's high risky cause only God knows how many altcoins exists now cause the numbers are skyrocketing so let's assume 10000 active projects now in the market so if you pick one then chance of making big money is 1:10000 but if you pick Bitcoin it's 1:1.
Im sorry but this is rubbish and you are just purely against altcoins which is fine but so many of them make money. I have 20 altcoins and 16 of them I am in profit currently and we still have alt season to come in a few months when they go crazy.
I am currently holding altcoins that have given me over 20x returns in less than 18 months and one mentioned above that has given me over 40x return.
I am not against Bitcoin, like I said I want to hold a couple and sell around 2030 when it is hopefully around $500k that is my plan and to help me buy some bitcoin I am using altcoins.