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    Author Topic: Converting altcoin profits into Bitcoin?  (Read 1224 times)
    Essential10
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    June 06, 2024, 09:52:39 AM
     #41

    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.
    Just assume you have to first source the income and invest Bitcoins if you feel the need. The public will not just buy and hold bitcoins, they will sell them. 2030 is still far away and people are busy with the next Bullran for now. Many have the goal that if Bitcoin reaches $100k many will sell and many will hold. I think it's better to buy bitcoin now because if the bitcoin price takes a correction in the upcoming bull run then it may not take a big correction which could be higher than the current price. And if you have a long term plan of 5-6 years then buy and hold bitcoins now.
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