Don't Chase Pumps. Chase Dumps.
FOMO can cause you to make some pitiful trading decisions. The hard thing to do is to take the risk that most people aren't, but thats where you will find the real profit - not going with the current market but going against it because of what you know is coming.
When everyone is buying it is often time to sell. If everyone is selling, it is often time to buy
It's true that as Bitcoin goes up the alts go down in general, but the influx of fiat into Bitcoin stands to benefit alts in the long run as a percentage of it will eventually end up in altcoins.
The rise of Bitcoin is good for altcoins.
The easy strategy is to HODL Bitcoin and alts, accumulate during dips.
100% upvote for the title alone. Effective advice, simple delivery. Kudos, sir.
We approve this strategy.
Boss title :)
I know that when the BILD (newspaper in Germany, which is ~Sun or whatever your local boulevard paper is) titles "If you don't buy stocks now you are an idiot", like in 2007 - then it is time to start selling.
Based on sentiment, you should be buying from Panic to Optimism, and selling from Excitement to Desperation:
Ideally you would just buy at Despondent and sell at Euphoria, except that timing the markets successfully is not a realistic expectation.
Chasing Dumps is going to be the name of my band.
HA! 100% upvote for that as well!