Hey Steemians! Welcome to another post based on cryptocurrencies! I recently reduced my positions in a few of the altcoins that I own, namely Ripple, Cardano, Tron, Stellar, Verge, and Bitshares. I was able to reduce my position in these before we saw the increase in Bitcoin price and before the sudden drop in a few altcoins. Why did I do so? Don't worry I didn't panic sell seeing the red, I have been long enough in this market and investing, in general, to not make stupid mistakes like that (even though I am pretty stupid :P) I sold the altcoins into Bitcoin and was able to generate profits on Bitcoin prices increased once again. Altcoins were highly valued in my opinion and needed to have a correction for steady long-term success. Altcoins have had a massive bull run over the past couple of weeks and it has been absolutely amazing, Bitcoin had a lot of sideways consolidation and that would have been your best chance to buy more of Bitcoin. Take your profits from time to time! I always like doing that! I have held Tron since 0.05 cents and have seen a very nice ROI. When almost all altcoins are pumping it is always better to get a bit more of Bitcoin because most probably it is due for a bull run. As Bitcoin takes over get into Altcoins as they most probably would have reduced in price, Litecoin was another amazing buying opportunity when it was down a couple of percent. Bitcoin dominance has increased since yesterday at sits at 36%, I personally think that the Bitcoin dominance could move back up with Bitcoin going into a massive bull run.
If you have any more questions let me know! I would be happy to help out! Also, make sure upvote the post and follow me for a lot more posts on cryptocurrencies, finances, travel and photography! Thanks for reading the post!