Right now the market is becoming more volatile with Bitcoin making the range from $63K to $68K. This will be a wise decision to convert all of the crypto coins to #Bitcoin.
Bitcoin has huge change to take the dip and fill the faps below which can take the price to $63K.
It is to keep in mind that when Bitcoin drops by only 1% all other crypto coins move more than 5%. This is the only problem in case of Bitcoin crash.
In case if Bitcoin comes down to $63K which is around 5% dip, expect all other crypto coins to come down by more then 20%. This is really huge difference between Bitcoin and other altcoins.
That is why it will be a good decision to go with Bitcoin whenever the market is down or taking some correction.
It has two benefits one that your loss risk will be reduced and second that you will be invested all the time.
Its also not a wise decision to exit the market and stay with stable coin. Because in the long run market is bullish and crypto coins can rise in price.
Bitcoin right now is the good choice for investment and for those holding different crypto coins can move back to altcoins.
This is not a financial advice but my experience and learning.
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IMAGE TAKEN FROM CANVA
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