Topic: Is it better to exchange your altcoins for dollars or btc? - page 27. (Read 3370 times)
Well in my personal opinion I would suggest to change it in BTC currently it is in 6K I think it will not go down more than this. Remember if the value goes up you get more profit than you expected.
I believe that those of us involved in the field of cryptocurrencies should feel compelled to act in accordance with our ideals and therefore, we should prioritize the accumulation of bitcoins before the accumulation of dollars.
We must always keep in mind that one of the reasons that led to the emergence of cryptocurrencies is the search for alternatives to fiat money, therefore there would be no reason for us to exchange our valuable cryptos for centralized money.
If you are a newbie or a person with little knowledge of market analysis. You should trade pairs BTC and dollars . This pair is low profit but safe and easy to trade. Do not trade altcoin when you have not understood about its past, you will easily split 2, split 3 times, even more. We must always keep in mind that one of the reasons that led to the emergence of cryptocurrencies is the search for alternatives to fiat money, therefore there would be no reason for us to exchange our valuable cryptos for centralized money.
This has been quite a debatable topic. One such similar topic is that what is important, coin going up in USD or satoshis. I think the answer depends upon the one's expectations of profit. There are many people who are in long term. So, they are more happy when the price goes up in Satoshis than USD when they have to choose one between them. But short term traders who are in for quick profits are happy with USD rates.
obviously we have to calculate the accumulation of bitcoin before exchanging, because bitcoin is very volatile, very different from the dollar, most people are not observant to see it all
According to me it is better to exchange your altcoins for btc because btc is the huge coin in crypto and most of people believe in btc so that btc is a better option.
if you want to direct use the money, go for usd, because if you exchange yo btc, in the end you will exchange again to usd.
You need to convert your bitcoin to USD or fiat if you need to take profit.
But in case that you don't have bitcoin and your portfolio consists of altcoins majority, then you have to sell all of those altcoins into bitcoin to make your portfolio stronger. There might be altcoins that you do believe is going to be big someday but don't wait when bitcoin gonna crush all of them.
But in case that you don't have bitcoin and your portfolio consists of altcoins majority, then you have to sell all of those altcoins into bitcoin to make your portfolio stronger. There might be altcoins that you do believe is going to be big someday but don't wait when bitcoin gonna crush all of them.
In my opinion, altcoins are more perspective as Bitcoin. I am investing only in altcoins, because they will bring much higher profit than Bitcoin. Find great coins, that are undervalued at the moment, like ETH and invest your money into these coins.
Bitcoin is a very good coin and has the potential of accumulating profit. But w le all know cryptocurrency is volatile and the price cannot be predicted, but it you are willing to take risks, then you can invest in Bitcoin.
It’s pretty difficult keeping at this. You’ll need to be careful and disciplined. I keep my fund based on my experience in trading and crypto in general, in fiat, btc, and altcoins.
30Fiat, 40BTC and 30 altcoins.
I trade one for the other some times but I try to maintain the balance.
Could be difficult but it helps.
30Fiat, 40BTC and 30 altcoins.
I trade one for the other some times but I try to maintain the balance.
Could be difficult but it helps.
Actually, It depends on each purpose and plan. Yep, you should exchange cryptocurrencies for dollar if you really need fiat for doing something. But in case you want to invest in bitcoin, you want to reap a better fruits, you’d better exchange for bitcoin. However, I advise you to choose bitcoin only when you are adopted this market, and you are so much keen on trading or investing because if you do not have interest in this field, you will easily lose your money. I hope you guy will have a suitable choice in your situation.
I would advise you to trade your alts for bitcoins, rather than fiat as the value of fiat will stay the same, but the value of bitcoins will only keep on increasing in the long run. Another reason why I advise against keeping money in altcoins is that once they crash they take years to recover or, they never really recover plus most Ico's are scam. It's pertinent to note that you should be careful to time your entry, and exit in the bitcoins market other wise you'll burn your hands if you buy at a very high prices.
Actually, It depends on each purpose and plan. Yep, you should exchange cryptocurrencies for dollar if you really need fiat for doing something. But in case you want to invest in bitcoin, you want to reap a better fruits, you’d better exchange for bitcoin. However, I advise you to choose bitcoin only when you are adopted this market, and you are so much keen on trading or investing because if you do not have interest in this field, you will easily lose your money. I hope you guy will have a suitable choice in your situation.
I believe that those of us involved in the field of cryptocurrencies should feel compelled to act in accordance with our ideals and therefore, we should prioritize the accumulation of bitcoins before the accumulation of dollars.
We must always keep in mind that one of the reasons that led to the emergence of cryptocurrencies is the search for alternatives to fiat money, therefore there would be no reason for us to exchange our valuable cryptos for centralized money.
My choice is BTC, I believe BTC, I hope it will become a general equivalent in the future. So I would rather convert some of the cash assets into BTC storage, although this seems risky. We must always keep in mind that one of the reasons that led to the emergence of cryptocurrencies is the search for alternatives to fiat money, therefore there would be no reason for us to exchange our valuable cryptos for centralized money.
if you are adopted to crypto market and if you want to continue trading in this market, you should forget about usd. bitcoin is your usd in ccrypto market. you should aim only to increase your bitcoin amount not usd amount.
if I think you better exchange with BTC, because dollar price is very long increasing compared to BTC prices, so if you exchange with BTC then you will get a very big profit compared do you exchange with Dollar.
I believe that those of us involved in the field of cryptocurrencies should feel compelled to act in accordance with our ideals and therefore, we should prioritize the accumulation of bitcoins before the accumulation of dollars.
We must always keep in mind that one of the reasons that led to the emergence of cryptocurrencies is the search for alternatives to fiat money, therefore there would be no reason for us to exchange our valuable cryptos for centralized money.
You have a very good point but the problem with crypto currency is the lack of massive adoption by the retailers and that is the main reason why people have to convert it our individual local currency for us to be able to purchase goods and services. If all of us have work to do in other to increase adoption of Bitcoin and other altcoins as that will definitely bring about achievement of the main purpose of Bitcoin and crypto currency in general. We must always keep in mind that one of the reasons that led to the emergence of cryptocurrencies is the search for alternatives to fiat money, therefore there would be no reason for us to exchange our valuable cryptos for centralized money.
I believe that those of us involved in the field of cryptocurrencies should feel compelled to act in accordance with our ideals and therefore, we should prioritize the accumulation of bitcoins before the accumulation of dollars.
We must always keep in mind that one of the reasons that led to the emergence of cryptocurrencies is the search for alternatives to fiat money, therefore there would be no reason for us to exchange our valuable cryptos for centralized money.
We must always keep in mind that one of the reasons that led to the emergence of cryptocurrencies is the search for alternatives to fiat money, therefore there would be no reason for us to exchange our valuable cryptos for centralized money.
But we need to chage our valuable cryptos for dollars if we want to spend that money, is hard to live only with cryptos now days, and that's because only a small % of business accept bitcoins or altcoins. So, the best move you can do is; change to dollars what you need for spending, and keep in bitcoins what you can hold. That's the wise way to roll.
I think exchanging to bitcoin is better, info exchange all my coin to Bitcoin or ethereum I have never exchange to dollar, maybe exchanging to dollar is also OK
I believe that those of us involved in the field of cryptocurrencies should feel compelled to act in accordance with our ideals and therefore, we should prioritize the accumulation of bitcoins before the accumulation of dollars.
We must always keep in mind that one of the reasons that led to the emergence of cryptocurrencies is the search for alternatives to fiat money, therefore there would be no reason for us to exchange our valuable cryptos for centralized money.
We must always keep in mind that one of the reasons that led to the emergence of cryptocurrencies is the search for alternatives to fiat money, therefore there would be no reason for us to exchange our valuable cryptos for centralized money.
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