Topic: Stick to altcoins or switch to Bitcoin or stablecoins? (Read 1174 times)
It depends on trust factor and which coin you trust more. Generally, I don't move or convert my coins to other coins. I keep trust on my holdings but honestly speaking if you can identify the market trend of bear or bull then one should convert his coins according to the market sentiments to be safer side always.
Choose both Bitcoin and some good altcoins. Bitcoin is the leader in the crypto market, it has stood the test of time and a long-term investment pays off. Some altcoins can also make good gains in the short term. At the same time, it is easier to profit with portfolio diversification.
I diversify with coins in My Portfolio, and it is mostly with top coins in the market that has huge market cap. I invested in ETH, and no matter how bad the market gets, I don’t really convert my ethereum to Bitcoin, because I think the both of them are good and is still just going to be the same thing, not much difference. I also have invested in Bitcoin, and majority of my investment goes into Bitcoin.I always put about 60% of my investment capital in Bitcoin, and thenthe remaining 40% is what goes to altcoins, and about 20% of the capital would go to top altcoins I like, while the remaining 20% would go to any other project that I feel is going to be worth investing, but if I can’t find any good project I just put all of them in Bitcoin and the other top coins.
Have you reached your targeted price for your investment? If you have reached what you have set as a target before investing, then maybe it is time that you switch to stable coins. But if not, then I think you should just keep holding the coins you are holding.
Although it would depend on the coins, if the alternative coins that you are holding are the ones like Ethereum, BNB and other top altcoins in the market, then you might have to keep on holding those coins, because they definitely going to increase in value since most of them on top of the list usually correlate with Bitcoins price. If it’s not the top coins, maybe it’s high time that you just sell them and convert to Bitcoin.
Although it would depend on the coins, if the alternative coins that you are holding are the ones like Ethereum, BNB and other top altcoins in the market, then you might have to keep on holding those coins, because they definitely going to increase in value since most of them on top of the list usually correlate with Bitcoins price. If it’s not the top coins, maybe it’s high time that you just sell them and convert to Bitcoin.
The decision of whether to stick with altcoin or switch to Bitcoin or stablecoin is dependent on the strategy you wish to employ. I'm of the opinion that the best or most lucrative would be to convert to stable coin when we have falling prices and reinvest in altcoin or bitcoin when the value is lower.
Even though most regard Bitcoin as the best choice in cryptocurrency investments we do however understand that there are good Alts to invest in too and not unless you want to sell to protect loss of fund during market downside, stable coins ain't really an option for investment as you have said so if OP has the investment capability, both Bitcoin and Altcoins are good for investment you just have to enter the good ones. However, I do agree that alts are far superior if you are looking at short term, in 20 years btc will beat almost any coin, but in 1 year terms there will be plenty of tokens and coins that will make you a lot more money than bitcoin could.
The decision of whether to stick with altcoin or switch to Bitcoin or stablecoin is dependent on the strategy you wish to employ. I'm of the opinion that the best or most lucrative would be to convert to stable coin when we have falling prices and reinvest in altcoin or bitcoin when the value is lower.
Even though most regard Bitcoin as the best choice in cryptocurrency investments we do however understand that there are good Alts to invest in too and not unless you want to sell to protect loss of fund during market downside, stable coins ain't really an option for investment as you have said so if OP has the investment capability, both Bitcoin and Altcoins are good for investment you just have to enter the good ones. You should try to use them sometimes and see for your self and of course if our goal when we invest is to make a profit, stable coins should not be the only one that we will pick but we also need altcoins if not bitcoins or you can just pick both of them in case you want to diversify your funds.
I feel myself more comfortable holding bitcoin instead of holding altcoins. And I see no reason to hold stablecoins, as their value with time will be the same. I prefer to gain some profit from bitcoin price changes, take profit and reinvest. Even though I dont panic when market goes deep red and I am an experienced holder, can hold altcoins until their price double, triple or skyrocket, I prefer take less profit and often, then one time a year or later.
That is because Bitcoin is known to profit compared to altcoins and besides, the entire market seems to rely upon Bitcoin. And whatever happens to Bitcoin, this will also happen to the rest of cryptocurrencies. Bitcoin - long-term investment
Altcoins - mostly for short-term
Stablecoins - I convert my coins if the market dumps likely just an exit investment in order to secure our funds from not losing it.
The decision of whether to stick with altcoin or switch to Bitcoin or stablecoin is dependent on the strategy you wish to employ. I'm of the opinion that the best or most lucrative would be to convert to stable coin when we have falling prices and reinvest in altcoin or bitcoin when the value is lower.
Even though most regard Bitcoin as the best choice in cryptocurrency investments we do however understand that there are good Alts to invest in too and not unless you want to sell to protect loss of fund during market downside, stable coins ain't really an option for investment as you have said so if OP has the investment capability, both Bitcoin and Altcoins are good for investment you just have to enter the good ones. 
I think it's good to take advantage of the current moment, holding altcoins, bitcoins, or stable coins is not the best choice.
If you are able to play in the bear market well, you only need to act like an ordinary trader without the need to maintain one of them.
I know this may be very difficult and of course we have a heart that always panics every time we trade, but I am sure that with high experience it is not impossible.
Because in my opinion, if the market has dropped and then we just walk away from altcoins by saving stablecoin it doesn't make our assets increase,
it even makes us lazy to return to the market. It only takes experience and also the courage to make decisions, gaining momentum in a bear market is not difficult.
If you are able to play in the bear market well, you only need to act like an ordinary trader without the need to maintain one of them.
I know this may be very difficult and of course we have a heart that always panics every time we trade, but I am sure that with high experience it is not impossible.
Because in my opinion, if the market has dropped and then we just walk away from altcoins by saving stablecoin it doesn't make our assets increase,
it even makes us lazy to return to the market. It only takes experience and also the courage to make decisions, gaining momentum in a bear market is not difficult.
Sticking to Bitcoin, this is the truth I got from bankruptcy twice, only Bitcoin can get us out of the quagmire, this is the hard currency of the future.
I feel myself more comfortable holding bitcoin instead of holding altcoins. And I see no reason to hold stablecoins, as their value with time will be the same. I prefer to gain some profit from bitcoin price changes, take profit and reinvest. Even though I dont panic when market goes deep red and I am an experienced holder, can hold altcoins until their price double, triple or skyrocket, I prefer take less profit and often, then one time a year or later.
Choose both Bitcoin and some good altcoins. Bitcoin is the leader in the crypto market, it has stood the test of time and a long-term investment pays off. Some altcoins can also make good gains in the short term. At the same time, it is easier to profit with portfolio diversification.
Isnt it too late to switch one crypto to another? Switching to stables wont make you earn, as this is similar to holding fiat. Also it wont help you to buy low, as trains is gone months ago. Selling alts for bitcoin will only make you fixing your losses. All of us already in the centre of financial tornado. Making moves now only do more damage to your porfolio. Just wait and enjoy the play called "New World Crisis".
I think it's better if we hold the altcoins if they have suffered losses and buy more coins until there is an increase in the future. rather than having to accept losses, it is better to hold it if the latcoin has the potential to grow in the future. if what you have is an undeveloped altcoin then you better sell it and buy a stablecoin, so you can save the assets you have
This is what I do.If I'm at loss, there's no selling that shall happen until I recover from that altcoin. And if possible and doable having a budget by that time, I'll buy.
If the situation permits that holding would be the best choice at that time, I'll have it on hold and won't accept the defeat of selling at loss. It's normal to cut loss but if you've been having a tremendous loss for that coin, it's the crucial part and you have to decide to hold or sell but I choose to hold.
Market is witnessing some gradual dumps and it's a know fact that altcoins will bleed more than bitcoin and they will be stable or recover only when bitcoin recovers and pumps. So will it be wise to hold on to Altcoin or switch to Bitcoin or convert the funds into stablecoins and wait for market to either start recovering or to dump further to buy more in order to reach breakthrough for the lose which we might have incurred till now.
I think it's better if we hold the altcoins if they have suffered losses and buy more coins until there is an increase in the future. rather than having to accept losses, it is better to hold it if the latcoin has the potential to grow in the future. if what you have is an undeveloped altcoin then you better sell it and buy a stablecoin, so you can save the assets you have
The use of usdt to establish a better protection of the value of our money is not bad, especially when you have some knowledge and you can intuit that the market may go down, unless you can stop losses it is something that is not bad to recommend it, but at this point if you bought altcoins when the BTC was at $60k or more I would not advise, I would prefer that you not think about the value in FIAT but about the altcoin you have, this so that psychologically you do not have a feeling of guilt, I would strongly recommend hodl until the BTC market recovers, it is the best because there would be an opportunity to recover everything and make a profit.
Market is witnessing some gradual dumps and it's a know fact that altcoins will bleed more than bitcoin and they will be stable or recover only when bitcoin recovers and pumps. So will it be wise to hold on to Altcoin or switch to Bitcoin or convert the funds into stablecoins and wait for market to either start recovering or to dump further to buy more in order to reach breakthrough for the lose which we might have incurred till now.
I think it's better if we hold the altcoins if they have suffered losses and buy more coins until there is an increase in the future. rather than having to accept losses, it is better to hold it if the latcoin has the potential to grow in the future. if what you have is an undeveloped altcoin then you better sell it and buy a stablecoin, so you can save the assets you have
I think its better if you diversify your portfolio in some good and potential altcoins to have a good amount of profit than sticking to bitcoin or placing it to an stablecoin.
I think before you invest in any particular coin you would have done your research very well about the project before investing. If you can trust a coin and invest in it while can't you hodl until the bearish market is over. The bearish won't last forever, there's always a better side out of it. All you gat to do is to relax your mind and focus on the future best of that altcoin you hodl in your portfolio
I think altcoins are still the main choice, don't be afraid anymore to hold ETH, BNB, Terra or other altcoins because the potential is still bigger than bitcoin, to go up 10x in a year of course it's easier for us to get by investing in altcoins because the price of bitcoin is too expensive so hard to go up 2x in a year.
If we want to switchh assets to stable coins of course when we get big profits, it is a mistake if we move to bitcoin or stable coins at this time because the market is down, it's better to hold or buy more because I'm sure the market will recover soon.
Market is witnessing some gradual dumps and it's a know fact that altcoins will bleed more than bitcoin and they will be stable or recover only when bitcoin recovers and pumps. So will it be wise to hold on to Altcoin or switch to Bitcoin or convert the funds into stablecoins and wait for market to either start recovering or to dump further to buy more in order to reach breakthrough for the lose which we might have incurred till now.
I think it depends on the individual strategy, if the current downturn you feel that the market will continue to decline further then you can convert some of the funds from your portfolio into stablecoins, but if I personally when there is a downturn like now then I will choose to hold and leverage this decline to make more purchases because I firmly believe that bitcoin can provide greater returns when the market bounces back. Jump to: