Hi Dan. I'm holding and staking some DOT from way back(just unstaked about a week ago..) along with ADA and DOG and bunch of others but still about 85% BTC. Will DOT have it's day or will the nuclear FUD assault across the cryptoverse suppress it? I, personally, am looking for a 2-5x vs BTC and the reason I ask is that DOT/BTC has not made a move yet, as opposed to ADA/BTC which already made a huge move. Idk if you have an opinion on DOT but it's a top coin so many people are probably curious as well.. Thanks in advance!! - K
Hey Kelton, I haven't studied DOT as much, but for something like that bluechip, I'd anticipate that it will have its day in the bull market. I've noticed throughout bull markets that once things start popping and altcoins move, it's easy to get frustrated if your altcoin is not moving. Often, people then move to the altcoin that is pumping, and then finally theirs pumps. Happens all too often. There is always the risk that a certain altcoin will simply not perform, and that's just something we all have to consider no matter what we are holding. Picking the losing horse so to speak. If it can at the very least run up to the 200 week moving average on DOT/BTC, that would be around 400% gains...something so very possible in altcoin season, which I don't think has even really started.
Thank you Dan! I appreciate your comment and you taking the time.. I’m still like 85% BTC but I’m dabbling in alts with my BTC. I just missed Ada at 450 sats but DOG has been awesome! I’m gonna stick it out with DOT and hopefully get a 2-5x on BTC and roll some of the those BTC profits into iTrust. Thanks again for your guidance it means a lot.
Hi Dan. I'm holding and staking some DOT from way back(just unstaked about a week ago..) along with ADA and DOG and bunch of others but still about 85% BTC. Will DOT have it's day or will the nuclear FUD assault across the cryptoverse suppress it? I, personally, am looking for a 2-5x vs BTC and the reason I ask is that DOT/BTC has not made a move yet, as opposed to ADA/BTC which already made a huge move. Idk if you have an opinion on DOT but it's a top coin so many people are probably curious as well.. Thanks in advance!! - K
Hey Kelton, I haven't studied DOT as much, but for something like that bluechip, I'd anticipate that it will have its day in the bull market. I've noticed throughout bull markets that once things start popping and altcoins move, it's easy to get frustrated if your altcoin is not moving. Often, people then move to the altcoin that is pumping, and then finally theirs pumps. Happens all too often. There is always the risk that a certain altcoin will simply not perform, and that's just something we all have to consider no matter what we are holding. Picking the losing horse so to speak. If it can at the very least run up to the 200 week moving average on DOT/BTC, that would be around 400% gains...something so very possible in altcoin season, which I don't think has even really started.
Thank you Dan! I appreciate your comment and you taking the time.. I’m still like 85% BTC but I’m dabbling in alts with my BTC. I just missed Ada at 450 sats but DOG has been awesome! I’m gonna stick it out with DOT and hopefully get a 2-5x on BTC and roll some of the those BTC profits into iTrust. Thanks again for your guidance it means a lot.