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RE: Time to be buying?

in #trading7 years ago (edited)

As always thanks for sharing your vision @cryptographic!
And as always I have a question. Looking at the recent history of BTC and Alts, I'm thinking about the idea to throw my trading balance into BTC, at lowest possible prices. Sit in BTC until it gets pumped. When BTC calms down it might be a good time to switch to Alts.
My point in trying to maximize the profit minimizing the risk. When BTC gets dumped - usually you loose less $ when you're in BTC comparing to HODLing Alts. When BTC gets pumped - it seems to be profitable to sit in BTC, cause alts are being dumped (although its $ valuation might be rising a little).
And Alts are pumping when BTC gets stable. We've been able to observe this during the October-December 2017.
What issues/drawbacks do you see in this strategy? Advice from you is always invaluable! Thanks!