The answer depends a lot on each one context. If you need the money and need it quickly, but you don't have any money left, then holding would be terrible. On the other hand, recklessly selling the coins you just accumulate since a week ago is also a terrible move.
Ask a financial expert or better outline your financial life first before asking here. I bet you won't find answer here as most of them are just common sense.
Topic: Convert or HODL? - page 6. (Read 733 times)
You should have done the conversion earlier but it seems too late. I will hold no matter how long this correction will take place. We can build our own strategy which will be comfortable for us so if that's effective and you are comfortable with that strategy, I understand you.
But I have never considered converting it to USDT.
But I have never considered converting it to USDT.
Sure, I will HOLD. With the current drop: https://coinmarketcap.com/currencies/bitcoin/, the Bitcoin price is only about $7,800. It is too late if you want to convert to USDT now, why you didn't do it when the price was still above $9,000. I think it will be wiser to hold now than convert it at a low price. Better to hold and wait for the next rising moment.
Always hodl, the spikes come fast a furious without warning, converting is just asking to lose out. Don't lose out.
Definitely, if you want to get out of the current situation because it isn't ideal then don't regret if it comes back and recover.It all depends on you, if you really need your money badly then you can just pull it out with the value lesser than what it is back then. Converting now with the prices at the ground might be a crazy decision, so I guess holding is better. But converting and pulling out is good when you don't want to lose more, and re-enter when the market is giving a good sign of increasing.
Always hodl, the spikes come fast a furious without warning, converting is just asking to lose out. Don't lose out.
Why do you need to convert it? You doubt Bitcoin will going to have zero value? Or you can't stand looking at the price dump so hard? I mean the wisest choice is always "hold" until you reach the target range.
You will never know when will the market starts to pump even if you're monitoring the market regularly.
In fact, it is an opportunity to buy more during the price declines.
You will never know when will the market starts to pump even if you're monitoring the market regularly.
In fact, it is an opportunity to buy more during the price declines.
legendary
Activity: 2464
Merit: 3878
Hire Bitcointalk Camp. Manager @ r7promotions.com
Not long ago Bitcoin price was $3.3k. There were people who held. Bitcoin was over $10k, people held. Bitcoin was over $19k, people held.
So I do not think there is any reason to convert unless you are very sure that USD price will go down more and you can buy at cheap.
Just HOLD!
So I do not think there is any reason to convert unless you are very sure that USD price will go down more and you can buy at cheap.
Just 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.
Jump to: