Currently my portfolio is around 58% BTC, which I would like to bring down a bit and get some more ALTs with higher growth potential. However, I really don't want to sell my BTC now when we are likely looking at pretty solid growth over the next 12-18 months.
So rather than selling my BTC I'm considering making a loan against it on Binance and then buying some top 10 Alts for that loan so I can get the growth in both BTC and also get some more Altcoin exposure. I would keep a low LTV (loan to value ratio) of around 50% so even if BTC should pull back to like 25k I would still be ok and wouldn't be forced to sell.
Obviously this is a more risky strategy than just selling the BTC and buying ALTs but given where we are now in the cycle I still believe the risk is relatively low as long as I use the loan to buy a good selection of Top ALTs and not blow it on chasing meme and moon coins.
What are your thoughts on this strategy? Anything I have missed or any other considerations I should take into account? Thanks.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.