This content was created by Alexander Lorenzo. This content was uploaded by Alexander Lorenzo. This is a YouTube video titled "Why I Sold All My Altcoins Early" (published 2025-07-02). It is a solo monologue by the creator addressing their community about cryptocurrency trading decisions: explaining they are an altcoin position trader who does not buy Bitcoin, defending the decision to sell altcoins early because altcoins have underperformed Bitcoin, acknowledging imperfect timing, apologizing for overly specific predictions, and promising to present both bullish and bearish views going forward.
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People are like, hey, Alex, you sold too early. But the thing is, you got to comprehend, I don't buy Bitcoin. So if that was Bitcoin, that would make sense, right? I sold at a specific time because I made the claims that altcoins would bleed out. And right now that has held true. Bitcoin's at all-time high. Altcoins are like 70% down. So I am an altcoin position trader. So context is important. People try to apply the principles they learned in the video to their own lives way too closely, right? So I said, I am selling my cryptocurrency at the beginning of the year. I said it specifically. Right. I said it's bearish, right? I was like, hey, and I might have been wrong, like about like the exact top of the day or the exact week. But the reason why I said that and the reason why I was so bearish is because I hold only altcoins, only altcoins. And as you guys know from my recent videos, right now Bitcoin's at all-time high. Ethereum is not even close. So we have been bleeding out specifically with risk-on assets like altcoin on a higher level than Bitcoin. So in terms of Bitcoin, I was wrong, but I don't buy Bitcoin. In terms of altcoin, this was correct. I saved a lot of capital by selling my altcoins. Okay. It wasn't perfect, but I'm telling you, like there's context and situation. Try not to be too specific. And I honestly want to apologize to you guys. I won't be too specific with the predictions moving forward. I'm just going to lay out the bullish and the bearish of what I'm doing. And I think that would be a good middle ground for all of us. So thank you for being a part of my community.