A popular Bitcoin trader who turned about $2,000 in Bitcoin into $100,000 in just three weeks is now shifting part of his portfolio into altcoins in anticipation of a bull run.
The pseudonymous trader SalsaTekila says he’s using October to gradually increase his altcoin portfolio and plans to have 15% of his BTC stash converted into alts by the month’s end.
“No FOMO needed: smart bidding is the aim for now. I said it in 2019: couple months past halving I accumulate alts big, trigger in motion.”
He also says he plans to make a cyclical investment in Dogecoin (DOGE), which was introduced as a joke cryptocurrency back in 2013. The trader shared a chart showing DOGE moving between 23 and 100 satoshis in value about five times since 2014.
“My alts strategy is very simple:
1) Accumulate anything floored looking for 18+ months.
2) Buy DOGE 15-22 sats, sell at 100+ sats