RE: My Actifit Report Card: March 10 2024

BTC has had a big move up because of the ETFs. Huge investment companies are putting millions of dollars into sales programs and advertising which is causing regular investors to buy the ETFs which are safer for them than buying BTC directly. I'm not sure how much longer this can go on. Most people know about the ETFs now and have made their decision to get in, or not.

Also, the Fear/Greed index that you can see right on the front page of https://coinmarketcap.com/ is at 89 out of 100! Extreme greed. That is a sign of a top in price. But we could stay at the top and make new tops for many more months. Maybe. This indicator gives us a caution sign.

Also, I'm confident that there will be an ETH ETF coming probably this summer, and possibly a SOL one too. Investors like to diversify and when other crypto ETFs are available I think they will move some money from the BTC ETFs to the new ones. ETH and SOL's ETF pumps are coming.

Everyone has to decide to hold or sell based on their investment horizon (how long they can keep their money in the market) as well as their risk tolerance. There is nothing wrong with taking some profit while it is there. Todays price is a reality while tomorrow's price is a guess. Selling a little BTC now is something I think people can do and not have any regrets. If the price drops, they are happy they booked a little profit. If the price continues to climb, they still have most of their bag.

ETH looks good to me right now so maybe not time to sell any of that. The upcoming ETF and code change that is supposed to lower fees makes me think it will pump more than BTC in the near future. It is not even at it's ATH yet, still 15% below its $4600 top last cycle.

SOL is one I don't think too much about. The chain has halted many times which should kill the price but it never does. The financial channels like CNBC show its price along with BTC and ETH, they like to spotlight things in 3s. So it gets lots of attention and may also get an ETF but I'm not sure it has the ability to 2xor more from here, but who knows.

Altcoins will do better than the big 3 I mentioned already. Money rotates out of the big 3 and into smaller plays when we're in a bull market like now. The trick is to find the right alts. I'd consider a few "safe" alts (nothing is really safe) and some "lottery ticket" alts that could 100x. Of course never invest more than you can afford to lose, in any investment. And in crypto everything is magnified. The rewards are bigger but so are the risks!

Not Financial Advice, of course! :)
Have a great week ahead!