Popular Crypto Trader Preparing for Altcoin Price Boom

Monday 19 October 2020, 11:04 PM AEST - 1 month ago

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Popular crypto trader SalsaTekila says hes turning his sights from bitcoin in preparation for an altcoin boom.

The pseudonymous trader, who gained prominence in August after turning $2,000 into $100,000 over the course of three weeks, claims to be shifting his portfolio into altcoins in anticipation of a bull run.

According to a tweet published October 10, Salsa intends to gradually increase his altcoin exposure over the next month, including the conversion of 15 percent of his BTC into alts.

The trader continued, saying he was relying upon a market of smart bidding rather than the FOMO which carried previous rallies.

October is the month I gradually increase my $ALTS exposure, I'll have at least 15% of my early October $BTC stash converted by months 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.

— SalsaTekila (@SalsaTekila) October 10, 2020

In a subsequent tweet, Salsa outlined his strategy for altcoin investing. The popular crypto trader said he intends to accumulate anything that has floored for 18+ months while also giving the recommendation to buy Dogecoin at its current price point in preparation for a rally ahead.

My $ALTS strategy is very simple:1) Accumulate anything floored looking for 18+ months.2) Buy $DOGE 15-22 sats, sell at 100+ sats months later.Memories from 2017: Majors and mid caps pump first, low caps after, shady scams from doubtful exchanges last.#FREEALPHA pic.twitter.com/ZXr6dmkHPH

— SalsaTekila (@ ...

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