Topic: Should I Convert My All Coins into Bitcoin or USD? (Read 19459 times)
This situation occurred when the end of the year was 2018, and at that time there was a very sharp decline. I agree when many people turn the coin into USD. Because of this I also do to avoid far more losses. And when I can go back to buy some coins up. And proved in the mid-year 2019 coin price is back pumping.
We can do the two changes on the advantage we had, while the market still in transit of its improvement at the present time. It needs a concise administration as we're ready to withstand the ongoing business sector changes. Trust your choices just as reading more articles that motivates you along the way, on the grounds that btc and usd is confided in monetary standards.
If you think you are losing a lot then convert to USD to limit your lose but its kinda risky too e.g what will happen if price start surging after you've convert to USD?the choice is yours
People should not regret the time that they are able to stop the losing of value of their coin, rather than being greedy and make losing much hurtful. But if it is surging dont regret after converting it to USD it is better to stop loosing rather than waiting for the surge.
If I have to leave the crypto world for a few years then I'll hold values in coins instead of USD, however it all depends how much I can afford to lose at that point.
It is better to sell Bitcoin and while at USD. This is done to reduce losses as the market price continues to deteriorate. But when the price is already in a low condition, we can buy Bitcoin and we are investing long term.
If you have held Bitcoin since the end of 2018 and the current coin you are selling, of course, you will get a lot of profit. Trading also needs a pretty good strategy and patience.
If you have held Bitcoin since the end of 2018 and the current coin you are selling, of course, you will get a lot of profit. Trading also needs a pretty good strategy and patience.
What's going on the crypto market? The crypto market keeps bleeding. When will come the good time? My investment, bounty coin hold, everything has become a general amount, where it was big! I can't think what should I do? Because every plan of mine is failed. My hopes, my thoughts are zero now, because this year crypto is giving only panic, not success! I got nothing by hodling my coins! I really hate them who suggested me to hold, hodl!!
What do you think guys? Should I convert my coins into USD to prevent the price falling?
definitely can convert any cryptocurrency into any different currency because the availability always giving better exchanges in all over the world so you can easily convert this kind of money into other currencies but you have to more aware and experienced in this case otherwise you will be get some difficulties at the end What do you think guys? Should I convert my coins into USD to prevent the price falling?
What's going on the crypto market? The crypto market keeps bleeding. When will come the good time? My investment, bounty coin hold, everything has become a general amount, where it was big! I can't think what should I do? Because every plan of mine is failed. My hopes, my thoughts are zero now, because this year crypto is giving only panic, not success! I got nothing by hodling my coins! I really hate them who suggested me to hold, hodl!!
What do you think guys? Should I convert my coins into USD to prevent the price falling?
What do you think guys? Should I convert my coins into USD to prevent the price falling?
It all depends on the movement of bitcoin. At times like this that bitcoin movement is still indeterminate and wavering, usdt should be your best call if you observe massive sell orders from patterns then during accumulation you exit usdt and enter bitcoin. Note that this require you must timely monitor trades to avoid being caught off guard
If you going to long time hodl, you can convert your altcoins into bitcoin and wait for its price to go up. In my trading, I also used to convert my coins into stable coins like usdt when their price are falling to avoid losses and buy them again when they start to rise. If you are in investing or trading, you need to create or plan your own strategies if you want to succeed and mininized losses.
Seeing the alarming market conditions it might be better to immediately convert existing coins to usd, because this method will minimize losses and many also speculate that in the near future Bitcoin will correct up to under $ 8000 USD.
I would say that you have 2 options, keep your funds in stable coin like usdt, but it isn't safe, but it is the only wat to fix profit if you have a lot of money, 2nd option is exchange in fiat, in real usd, cash. In this option you should use good exchanger like Indacoin in order not to lose money.
and 3rd option, keep funds in btc, so you will never miss bull run
if you want a safe, stable thing, I think changing it to USD can be a non-increasing savings in the long run. but, changing it in the form of bitcoin now can bring you profits, or losses. You can choose between them according to your needs. for now, I'm thinking of changing it to bitcoin.and 3rd option, keep funds in btc, so you will never miss bull run
It also depends on the amount of money the guy is going to convert. The USD variant will be safer, but it will not give any profit. The cryptocurrency variant promises the income, but there is a chance that the investor can lose everything. It will depend on the market movements and on the patience of a person. I would choose a mixed variant: BTC+USD.
I think you dont have to convert all of your coins, you can keep bitcoin as a long investment. I think bitcoin will surely climb up to its old days price. Although the price has a correction now, later it will be uprise again.
If your Altcoins assets still not able to ride with Bitcoin fast moving performance then it is wise to sell them for Bitcoin specially if the facilitators of that Altcoins are now in active to promote their products. It will most likely that these Altcoins will become crap so better sell them to Bitcoin before you will fully lost your investments.
in recent times almost all altcoin projects have not increased when Bitcoin soared, so we can't beat the project all the nonsense because Ethereum is also a project that for me is good but they don't increase when bitcoin rises, never thinks of leaving it
I would say that you have 2 options, keep your funds in stable coin like usdt, but it isn't safe, but it is the only wat to fix profit if you have a lot of money, 2nd option is exchange in fiat, in real usd, cash. In this option you should use good exchanger like Indacoin in order not to lose money.
and 3rd option, keep funds in btc, so you will never miss bull run
and 3rd option, keep funds in btc, so you will never miss bull run
It takes a lot of patience to be a trader mate. If your plan didnt work you should have another option because if you will quit right away you already accepted your loss. Keep in mind that you wont be a millionaire in 1 day so learn from your mistakes and apply it to be better.
That depends on the purpose of changing your altcoin, whether for speculation or for a safe investment. For speculation, I suggest that the altcoin that is owned is sold then buy Bitcoin, because now it's experiencing a bullish market.But if you want to feel safe, of course selling altcoins and buying USD of course the finance will be safe because USD is a currency that has a high level of stability. Very rarely fluctuate quickly and large, unless there is an extraordinary event.
If your Altcoins assets still not able to ride with Bitcoin fast moving performance then it is wise to sell them for Bitcoin specially if the facilitators of that Altcoins are now in active to promote their products. It will most likely that these Altcoins will become crap so better sell them to Bitcoin before you will fully lost your investments.
Yes, you are right, that's why I spoke about this. Now the best option is to keep your capital in cryptocurrency, because with the rise in the price of cryptocurrency, Fiat will depreciate in relation to cryptocurrency.
means there is no problem to keep saving altcoin or bitcoin? to save USDT I never thought of it. but I am still confused about saving altcoin or bitcoin, because now the price is not too good. maybe I will wait for the new altcoin to rise. I will hold assets in the form of bitcoin. It will depend on your altcoins that how much potential. If those altcoins have great value and potential, then don't sell and hold. Besides, you can also convert them on bitcoin because price of the bitcoin will be rising within some days. Hopefully you will use them in great purposes.
It is also depends on the person if he can able to look for the potential of the coin, and if he will able to believe on the prediction to that coin. For me it is better to settle 50 percent on the alts you are holding and 50 percent on the stable coin, stable coin can gives you a good profit in a long run but once that your alts go to the moon sell it and dont be greedy anymore because you might regret it soon.
It will depend on your altcoins that how much potential. If those altcoins have great value and potential, then don't sell and hold. Besides, you can also convert them on bitcoin because price of the bitcoin will be rising within some days. Hopefully you will use them in great purposes.
What's going on the crypto market? The crypto market keeps bleeding. When will come the good time? My investment, bounty coin hold, everything has become a general amount, where it was big! I can't think what should I do? Because every plan of mine is failed. My hopes, my thoughts are zero now, because this year crypto is giving only panic, not success! I got nothing by hodling my coins! I really hate them who suggested me to hold, hodl!!
What do you think guys? Should I convert my coins into USD to prevent the price falling?
What do you think guys? Should I convert my coins into USD to prevent the price falling?
If you have currencies and Bitcoin already accumulated, my advice is that you do not sell them, because the best thing you can do is save them until the bitcoin changes to a bullish trend, at this moment we are in the accumulation phase following the Wyckoff theory.
If your intention is to speculate in the market, I advise you to buy and when you sell it to USD, but at the moment that the bitcoin takes its bullish tendency you must spend all your FIAT money to Bitcoin, because being in bullish tendency your money will grow , for now it is always good to buy and sell, passing everything to USD, for the possible fall of Bitcoin, since the volatility is very high and somehow we have to protect our capital.
I believe that you need to convert Fiat to a cryptocurrency and just wait for prices to rise. Buying Bitcoin and other coins you are helping to revive the market and increase prices, so I do not see other options. Especially if we want to earn money, we need to create something for the crypto industry, to contribute, and then we will get what we want.
before attempting to sell any coins, we must evaluate their real prospects for the moment and for the future. You will not have any sense in Fiat funds today, because any sales will lead to losses of those assets that were purchased earlier.Jump to: