After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.
if you want to find safe it is better to convert to USDT or other stable coins, currently Bitcoin is still undergoing consolidation, and charts show a bearish flag pattern, all coins show the same pattern, Bitcoin, Ethereum, Waves I see exactly in the 1h time frame 
Topic: Convert or HODL? - page 3. (Read 733 times)
you have waited for the dump then that is the time you convert your btc to usdt ? thats sounds odd .
Maybe he was thinking of a possible more dump, so converting early is better even if he has to cut loss, that's how traders think, they don't just ride with people saying "HODL" as it does not do good all the time, and we witness what happen in the past. Quote
I have no idea why the hell that happens, I may be extremely unlucky. Now I'd rather not trade at all than try my luck, because a simple paper calculus shows how much of a profit I could've made doing nothing and just letting my money sit in BTC..
Long term hodling you mean? Yes that is profitable considering you bought at three digit prices and now the price is obviously more than 10x of the buying price. But then again there is always the good effects of using a 1000$ capital to buy sell daily and keep the money flow coming in. Converting to fiat makes you exit the market temporarily to tide over bitcoin bear scenario.I personally would prefer if there was some sort of big amount that I could not go all in but go slow by slow however I didn't so I went all in with the small amount I had. Now I am not doing so bad and I do not go all in anymore but that doesn't mean we could tell people to divide their money into multiple entry points just because we can do something like that. I would however suggest even the smaller investors to go out there and find all the ways you can make crypto and earn it as well, what you earn as 10 dollars today could be 100 dollars tomorrow.
you have waited for the dump then that is the time you convert your btc to usdt ? thats sounds odd .
you could have loose then but it still okay to do if you are afraid to think that if btc can go down more . i dont convert my btc to usdt but if ever i will , i will only convert it on the value that i like ( 10k above or more ) if i ever im late to convert , i will not ever convert even if its droping continously because i strongly believe that btc can always go back again to where it left .
you could have loose then but it still okay to do if you are afraid to think that if btc can go down more . i dont convert my btc to usdt but if ever i will , i will only convert it on the value that i like ( 10k above or more ) if i ever im late to convert , i will not ever convert even if its droping continously because i strongly believe that btc can always go back again to where it left .
If your alts still have % of gains you should covert it to btc as its the best way since if btc dumps more then you have a chance to buy those alts more in a low low prices. I've done it with eth. But sadly this time I'm late 😭
There is a major dump on bitcoin, so I guess it's time to convert now so we will not face another possible loses.
With the way the price is going, this seems like the market could still go down, people panic about the corono virus and this is a serious problem that will take time to solve, so better make a wise decision, if it will dump even more, you'll be safe and you can start accumulating also.
With the way the price is going, this seems like the market could still go down, people panic about the corono virus and this is a serious problem that will take time to solve, so better make a wise decision, if it will dump even more, you'll be safe and you can start accumulating also.
The markets always went against my trades.
Dont let that thought get the better of you. Bad times happen to every trader but it is important to note what went wrong from your side. Panic buying/selling or going FOMO? Not buying the dip or mistiming the order?Quote
I have no idea why the hell that happens, I may be extremely unlucky. Now I'd rather not trade at all than try my luck, because a simple paper calculus shows how much of a profit I could've made doing nothing and just letting my money sit in BTC..
Long term hodling you mean? Yes that is profitable considering you bought at three digit prices and now the price is obviously more than 10x of the buying price. But then again there is always the good effects of using a 1000$ capital to buy sell daily and keep the money flow coming in. Converting to fiat makes you exit the market temporarily to tide over bitcoin bear scenario. 
It sounds like we've been hearing for another hodl...hold...we're getting back into $4K again? I believe this drop won't get hard as halving comes in the coming days. FOMOeng may start again for sure if this trend will continue for another week. It was just to think about what should be in good to us and for me, I have to convert it now into fiat and take a look next week if there is market improvement then have to buy back again.
I don't think that the price of bitcoin will decrease to $ 4k before halving, but, so far, the decline in the price of bitcoin brings prices back to the beginning of 2020, which is $ 7.3k to $ 7.5k, in fact, I think that the price is likely to decrease even further. I don't recommend converting right now, but if you see a better potential for altcoin, I don't think it's wrong to convert. 
I would say that holding as always been a favorable choice when it comes to bitcoin except a rare time in 2018 when it never recovered back to 20k but aside from that in the past 10 years there isn't a single time when converting was more profitable. I would say if I were you I would definitely hold it as much as I can and even buy as much as I can and keep it going that way until one day you feel like you profited enough to get out, that is the best way to do it.
Additionally, I do not understand people who go all in all at once, that is not really a great idea, I would say go in slow by slow and that would be much much better. In the end I don't know what to say so just keep it as much as you can but if you HAVE TO sell than there isn't much to talk about since that is the only way without going to debt and debt is worse.
Additionally, I do not understand people who go all in all at once, that is not really a great idea, I would say go in slow by slow and that would be much much better. In the end I don't know what to say so just keep it as much as you can but if you HAVE TO sell than there isn't much to talk about since that is the only way without going to debt and debt is worse.
It sounds like we've been hearing for another hodl...hold...we're getting back into $4K again? I believe this drop won't get hard as halving comes in the coming days. FOMOeng may start again for sure if this trend will continue for another week. It was just to think about what should be in good to us and for me, I have to convert it now into fiat and take a look next week if there is market improvement then have to buy back again.
After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.
Convert all your bags into fiat, I will buy them bro. Nobody has a crystal bowl an call tell you the future. So instead of asking random dudes in a forum how to invest your money, better start analyzing some charts or think about a strategy how you want to invest. From your post, it looks like you have no clue what you are doing.
Decision making may vary when you are in the actual scenario just like now. We need to keep track of our investment and so we can't be in regrets if we miss something around. We've noticed the drops and could we think that we still need to hold? Or just sell it? I don't think this is not a hard thing to decide when you know what is next but it all been unpredictable which sometimes we need time to think of it.
But for me, selling is the best choice if we are already gaining. Having 2-3% market profit is good enough already. We're not supposed to tend to hold anymore cause the market is already in declines and selling it now is the safe way not to lose. We need to be practical though.
But for me, selling is the best choice if we are already gaining. Having 2-3% market profit is good enough already. We're not supposed to tend to hold anymore cause the market is already in declines and selling it now is the safe way not to lose. We need to be practical though.
It depends on a lot of factors, if you are into short term trading you should figure out the right timing to convert it to usdt, otherwise, you might regret it in the end, now that it seems the market is now recovering again, maybe you'll try buying btc again if you have converted it already to usdt as after the $8000, next stop might be $9000 again.
Yes indeed we need to take decision whether to convert Bitcoin into USDT or just hodl completely depends on the kind of investment we are making as coverting for minor dumps for long term investors will not make sense but as you mentioned I am looking for some short term gain so it will favor my situation wherein but I have to keep myself updated for 24/7 in order to incur further loss as I will not be able to buy back the same quantity which I have already converted if the value of Bitcoin bounces back.
You made a great decision by converting Bitcoin into USDT, I did the same because it helps a lot. I sold/converted Bitcoin when the price was 9100 USD, I saw the price chart and it looked a dump is coming, though I did not expect this major dump but yet I converted my BTC into USDT, and look now, Bitcoin price has dumped highly and it went to 7600$! Now I can buy Bitcoin and it will give me a greater amount of Bitcoin with the same money. It's a very good trading strategy I believe, so, ignore them who only suggest holding.
If you have a quick way to convert to a stable coin, do it, but pay attention to the fees.
Also only TA now is valid. Pay attention to every single movement. We are in a bear market and if its confirmed to be a eternal one, we will have to adapt our strategies. I have been holding since 2015 and I'm not seeing all those profits the church of hodl praise so much.
Holding only makes sense when bitcoin is free and unpegged from stock markets and paper money, because then its garanteed we will have at least one year similar to 2017. However, recent movements have proven the current year is not similar to 2016. If the current year is compared to 2014 or 2015, then FA is busted, and we need to prepare for a upcoming eternal bear market.
Also only TA now is valid. Pay attention to every single movement. We are in a bear market and if its confirmed to be a eternal one, we will have to adapt our strategies. I have been holding since 2015 and I'm not seeing all those profits the church of hodl praise so much.
Holding only makes sense when bitcoin is free and unpegged from stock markets and paper money, because then its garanteed we will have at least one year similar to 2017. However, recent movements have proven the current year is not similar to 2016. If the current year is compared to 2014 or 2015, then FA is busted, and we need to prepare for a upcoming eternal bear market.
The best decision with current market conditions, my advice is to hold the bitcoin that you have. Because if we convert to USDT,
means we cut loss and it makes our capital decrease. After that we may not be able to determine the lowest price from bitcoin.
What is feared after we convert into USDT, bitcoin will soon go up in price instead of going down. Then from the safest way is to
hold bitcoin that you have, until you reach the desired target.
means we cut loss and it makes our capital decrease. After that we may not be able to determine the lowest price from bitcoin.
What is feared after we convert into USDT, bitcoin will soon go up in price instead of going down. Then from the safest way is to
hold bitcoin that you have, until you reach the desired target.
actually I do not recommend it, it's just that I also had time to change my bitcoin to ethereum, or another altcoin. however, until now, I still hold it in. however, I think halving will have a big effect on bitcoin, and that will happen 3 or 4 months from now. if a pump occurs suddenly, then the decision you made is wrong. it's just that, if it goes down lower, I think that's the right decision. only then, you need to think about the best decision, keep or buy again.
It depends on a lot of factors, if you are into short term trading you should figure out the right timing to convert it to usdt, otherwise, you might regret it in the end, now that it seems the market is now recovering again, maybe you'll try buying btc again if you have converted it already to usdt as after the $8000, next stop might be $9000 again.
I am not good at short term trading so I prefer to hold in a certain amount of time I already hold some assets of bitcoin and altcoin but I see the movement of bitcoin seems to be recovering but I will monitor the market to see the current situation, maybe I will buy again to increase my profits in the future.
This is a good opportunity to take advantage of low prices, as long as you don't panic when the market is red.
After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.
And when it comes into reality, most Bitcoin holders are now selling their BTC's and converted into fiat for they are in troubled. If you want to gain profit by now, you'll probably be doing it. Yeah, we don't lose our trust towards Bitcoin but in a situation like this, you'll have to think also what is good. Holding may not good all the time, even we think that Bitcoin will still recover in the future. For example, if you bought Bitcoin at $7k and you sell it today, definitely, you are gaining. But if you continue to hold, there is a possibility that it drops below $7k then you can be at loss. Why not taking advantage while the price is high, besides, you can buy it back again if you want to.
It depends on a lot of factors, if you are into short term trading you should figure out the right timing to convert it to usdt, otherwise, you might regret it in the end, now that it seems the market is now recovering again, maybe you'll try buying btc again if you have converted it already to usdt as after the $8000, next stop might be $9000 again.
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