Topic: Convert or HODL? - page 4. (Read 733 times)
There are instances that will warrant holders to convert but haven't see such instance yet as the market has been on a good and positive momentum. The price of Bitcoin still stage at a reasonable level which its resistance is $8k-$7k nothing is wrong holding my portfolio's as far that, the market will react back again as soon as possible. Convert to USDT will make you as the converter lose out of the bubbles to be created if the price of Bitcoin bounce back. I like holding for maximum rewards and not just to hold with a weaker hands.
Hodl, if you are desperately looking for some profit. The market is very volatile right now converting to USD I really do not have an idea about that, In this short term movement just don't panic and sell your holdings. Just buy as much as you can so that you can make a bunch of profit in near days. Just analyze each and every movement of the market and research on it then one-day you will deserve with money for your patience and time.
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.
I can't tell you what you should do with your bitcons.I can say what I can do with my bitcoins.
I will HODL until the summer.I don't care about the short term market panic.I don't care about coronaviruses and stock markets.I'm not a day trader,so I won't sell now and buy cheaper BTC later(if the bear market continues).You can do whatever you want with your coins,but don't seek for trading or financial advice here.It looks stupid to me.
Little dump is not going to affect and you, and this is my advice for trader's out there, as long as you don't need money to buy anything or if it is not emergency then, don't convert! it is just going to be a loss if you are going to accept and and convert it into fiat, as long as your coin is on negative don't convert considering that it may pump and you are going to receive you profit. Here in trading, it's just a battle of patience! so always HOLD!!! 
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.
I can't tell you what you should do with your bitcons.I can say what I can do with my bitcoins.
I will HODL until the summer.I don't care about the short term market panic.I don't care about coronaviruses and stock markets.I'm not a day trader,so I won't sell now and buy cheaper BTC later(if the bear market continues).You can do whatever you want with your coins,but don't seek for trading or financial advice here.It looks stupid to me.
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.
Do not worry about the market mate, there is no lose in investing, you can still hold your money anytime, you look like a typical beginner that panics when the market is down, when the bitcoin goes 3.3k USD investors still hold their money and when the bitcoin reached the 19K Dollars investors still hold their money, do not worry about it mate, you have to wait for the market to rise again the convert it on your fiat currency. The things happen on the market is a normal thing, bitcoin changes its price day by day so do not worry about it because in the near future, the market will goes high again. Everything is normal.Always hodl, the spikes come fast a furious without warning, converting is just asking to lose out. Don't lose out.
Well said, the changes of price of the bitcoin is really fast, after a day or minute it can turn back on 9K Dollars, so do not pull out it, just wait for the bitcoin the goes high again. 
You have to do a plan and follow it
When I have to time to be well informed and look for great opportunities, I sell and buy again BTC trying to increase my BTC only, not in USD, only in BTC
But when I have to work a lot in my regular job, I just hold, it´s better than lost BTC coins, so it´s up to you do choose which option is the best for you at the moment
When I have to time to be well informed and look for great opportunities, I sell and buy again BTC trying to increase my BTC only, not in USD, only in BTC
But when I have to work a lot in my regular job, I just hold, it´s better than lost BTC coins, so it´s up to you do choose which option is the best for you at the moment
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When the price of Bitcoin started to drop last 2018, some of the investors who bought Bitcoin at the top choose to hold their Bitcoins instead of selling it because of one word. "TRUST".Now it is a challenge for the investors if they are going to convert their Bitcoin into USDT or just hold and just accumulate more. Well if you are a trader then you can do it but if you aren't a trader then it will be better to just hold it for quite a while since many are expecting that Bitcoin's price will increase before the halving despite the current events that is happening right now and because of this sentiment, it can make the price go high as more investors will buy BTC.
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When the price of Bitcoin started to drop last 2018, some of the investors who bought Bitcoin at the top choose to hold their Bitcoins instead of selling it because of one word. "TRUST".Now it is a challenge for the investors if they are going to convert their Bitcoin into USDT or just hold and just accumulate more. Well if you are a trader then you can do it but if you aren't a trader then it will be better to just hold it for quite a while since many are expecting that Bitcoin's price will increase before the halving despite the current events that is happening right now and because of this sentiment, it can make the price go high as more investors will buy BTC.
If you're also going to buy back Bitcoin after monitoring the market, you should have just hodl it. What if after you convert your Bitcoin the price suddenly increases, then you will just regret converting it. For sure most of us or everyone here would prefer to hold because we're here in crypto and it's normal for the price to change. But converting or holding it still depends on us. If you prefer it that way, you can do that.
If you know more deeper and you understand how to benefits then dealing with cutting losses will make it beneficial for you, but like what this replied said, if you are not good in buying back and suddenly right after your conversion and the value bounced back you'll be trapped and what you can do is to regret why you did such action. Take time to read the situation and analyze your next action, else, just keep everything and wait for the next bounce.
In such cases, converting or mere hodling may not be the best solution.
If panic rules on the market, many people stop thinking and as a result, BTC or another crypto may (and often does) reach the price level of underpriced. Therefore in many cases, the best choice may be simply to buy more (like all the whales do). Just remember that if you bought during the last cryptowinter (when the panic was much worse than now), Bitcoin bought then is worth more than 250% of the purchase price.
And remember that, stable coins are related to fiat currency, and countries like US and China already started next period of printing their currency out of thin air, so then the objective value of stable coin related to USD keeps going down.
If panic rules on the market, many people stop thinking and as a result, BTC or another crypto may (and often does) reach the price level of underpriced. Therefore in many cases, the best choice may be simply to buy more (like all the whales do). Just remember that if you bought during the last cryptowinter (when the panic was much worse than now), Bitcoin bought then is worth more than 250% of the purchase price.
And remember that, stable coins are related to fiat currency, and countries like US and China already started next period of printing their currency out of thin air, so then the objective value of stable coin related to USD keeps going down.
I held Bitcoin when it cost $ 300, I held it when it cost $ 20,000, I held it when it cost $ 4,000, I hold it now, and I will keep it on. The truth is that I have a relatively small amount, so even if something not very good happens to Bitcoin, I will not be very offended.
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 didn't let to sell your bitcoin then you have a right to sell them. For me it was really hard to figure out that the bearish trend will come or it was just a correction by some tradet who did bought and sold. I just choose to hold if my intention to buy bitcoin for long term investment, but if my intention was to trade then I will check the price movement closely because I need to sell my coin and let I got a small lose. By the way this time bitcoin price is increasing again, have you buy it again?
I agree with the previous reply here. which just hold your bitcoin and don't instantly convert it by just seeing that sudden drop on the market. I also suffer big losses after the sudden drop of bitcoin but I still want to hold it and I know it will climb again to 10,000$. I'm pretty sure you are not the one who instantly converts their bitcoin into USD and there are always people who panic because of sudden drop and later on they just realize that they just lose the opportunity to earn more profit.
Just stick keeping your bitcoin and even it goes fall, try to stop yourself from selling it. IMO, long term investment will totally end up earning a huge profit. No matter what happens I will keep on holding my bitcoin and I will try to buy more.
Just stick keeping your bitcoin and even it goes fall, try to stop yourself from selling it. IMO, long term investment will totally end up earning a huge profit. No matter what happens I will keep on holding my bitcoin and I will try to buy more.
This ain't a bitcoin discussion right?
More like trading to me.
As of the suggestion though, I would still HODL and I do think more us members here will also consider that rather than converting it to something else.
We need support in what value it should stay and that also means people keeping their bitcoin's in their wallet.
With that, we can assure than demands will come when there is lesser bitcoin in the market.
More like trading to me.
As of the suggestion though, I would still HODL and I do think more us members here will also consider that rather than converting it to something else.
We need support in what value it should stay and that also means people keeping their bitcoin's in their wallet.
With that, we can assure than demands will come when there is lesser bitcoin in the market.
If you're also going to buy back Bitcoin after monitoring the market, you should have just hodl it. What if after you convert your Bitcoin the price suddenly increases, then you will just regret converting it. For sure most of us or everyone here would prefer to hold because we're here in crypto and it's normal for the price to change. But converting or holding it still depends on us. If you prefer it that way, you can do that.
Converting your bitcoin to USDT is a good idea, it only shows that you have made an immediate action to put your investment to safety.
You can also buy more bitcoin if the price of bitcoin will drop even further, and that will be + on your investment.
But as for me, I prefer to hodl until I maximize making a profit, since I prefer a long term hodl and our current market price is deeper than expected, I will probably add more into it.
You can also buy more bitcoin if the price of bitcoin will drop even further, and that will be + on your investment.
But as for me, I prefer to hodl until I maximize making a profit, since I prefer a long term hodl and our current market price is deeper than expected, I will probably add more into it.
Hold and forget for a while the current status of the market. In this way you wont be tempted to convert or sell your bitcoin. The crypto works that way even before and managed to recover in even much high price. So be used to it and have patience to bear the situation because it wont last long.
Nevertheless the decision is still up to you so think whats best.
Actually it will be good if we will just keep on holding our coins than selling or convert it right away especially this time just because we are afraid on what would happen or if the market will continuously to dump because I believe that this is a part of the market situation in which it may really volatile in which everytime thrtr is a changes, but don't worry because I believe that this time will be a good outcome if we will just hold and not go with the flow of dumping the price and selling our coins or converting it. Nevertheless the decision is still up to you so think whats best.
Personally I do not believe in being able to anticipate short term market fluctuation. If you believe in something long term, stick to it and try to not think about market fluctuations short term.
If selling or converting would satisfy you as an investor, feel free to do so. But if you would seek for a better thing to do, it would be holding at this moment. There is an anticipated Bitcoin halving, which is believed to trigger an uptrend eventually. So if you do not want to miss the opportunity of earning huge profit by just being patient right now, you should not consider giving up as this early. The market drawback right now is just caused by the natural market volatility and there is totally nothing to be scared off.
Don't hesitate to hold bitcoin, because if you panic and convert to USDT and have bought when the price is below certain when the price of bitcoin rises you will regret, bitcoin has gone through a long bear market phase and I think holding is the right choice. Keep track of bitcoin price movements.
That is the problem to those people who are just into easily earned profit. There's no such thing in any investment. There will always be risk and your responsibility as an investor is to simply be patient and avoid actions that would harm your investment. Also, downfalls are not a new thing in this industry.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.
There could be investors who convert and hedge their fund against USDT, I myself convert it to our local fiat. However, I have to wait for the price to really pick up before I can convert it again to BTC because of fees. So I stop doing that and just HODL on it and wait for the price to recover. You said you have capital to buy back more, then do it, nothing is wrong by HODL, you don't lose any money at all, just saying.
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