The Bitcoin price is currently in a rather untight sideways movement above the USD 9,000 mark. However, the situation is different for some old coins this year. Only this week “Dogecoin” made headlines throughout the Crpyo space when the price was massively pumped by TikTok. But also other Altcoins could outperform Bitcoin (+28%) this year: Ethereum (+83%), Tezos (+92%), Cardano (+258%) and Chainlink (+236%). Some already speak of an Altcoin Season. In order to achieve higher profits, some sell parts of their BTC position and buy Altcoins.

This strategy sounds promising, but in reality it is difficult to implement. It requires knowing in advance which of the more than 5,600 crypto currencies will perform better than Bitcoin. However, if you invest after a pump like Dodgecoin this week, it is usually too late for the profits and you risk losing money through a subsequent dump. Experts agree that selling Bitcoin is not a sensible strategy to make profits with Altcoin and reinvest them in Bitcoin.