Topic: Stick to altcoins or switch to Bitcoin or stablecoins? - page 10. (Read 1154 times)
I make everything much easier, I always have dollars in stock and when the market falls, I buy cheaper altcoins with them and so on in a circle, the profit can be fixed in bitcoins and set aside separately.Such a state in the market is no longer a novelty, I think many already have their own strategies.
Daily trading takes up too much time, which I always lack. I study projects in advance, and therefore, having collected the right coins in my investment portfolio, I am ready to hold them regardless of the periodic ups and downs of the market.
30% to Bitcoin and the rest on Altcoin.
Why you should have Bitcoin? because every time crypto market is moving, bitcoin will be the first asset to move and then the rest (Altcoin) will try to follow. You can also trade and flips some profit while bitcoin is up and down a little bit before the altcoin market is moving up.
After there has some strong points and a sideways market on bitcoin, then altcoin is moving up & you will get a more profit on altcoin.
Why you should have Bitcoin? because every time crypto market is moving, bitcoin will be the first asset to move and then the rest (Altcoin) will try to follow. You can also trade and flips some profit while bitcoin is up and down a little bit before the altcoin market is moving up.
After there has some strong points and a sideways market on bitcoin, then altcoin is moving up & you will get a more profit on altcoin.
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.
Before investing in any alt-coins, you have to take you time to research on how it would do during the dip or bad market, because this period always come in crypto-currency although am not a big fan of alt-coins but I think if you can research before investing in any alt-coins then you would not need to check if it Bitcoin is increasing, I have seen one or two alt-coins still rising even when. Bitcoin dumps but in crypto-currency am also after longevity, and Bitcoin has passed that test back to back. 
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.
HOLD- is you are just a holderSell them- if you are a trader and converted to stablecoins.
Actually, there is no need to rush our decision in times like this. A short dump, gradual market changes, in fact, it comes and go, and seeing this usual market changes. Felt not to worry about this, unless if you were doubted about the market and it certainly affect your decision together.
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.
Market is already bear anough at current position, placing some buy orders is great right now but don't do all in but just enter slowly.
Holding bitcoin and some strong fundamental altcoins is okay but don't invest on new projects yet because it just could get worse when the market going more dip because new project's coin price could be down to 50%+ if the market is not friendly.
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Obvious altcoins shoudn't be in the discussion here, it should be between holding Bitcoin or trade all profit to stablecoin to remove the risk totally. Both holding Bitcoin or stablecoin are perfect options but it totally depends on what your game plan is. Are you okay with the amount of Bitcoin you currently own and just want to hold forever or until it reach your targeted price. Do note also that nobody can predict the button but can only speculate on the range so don't be fooled by any article you read out there.
If you know you can hold through all the downside that the market is likely to experience in the coming months then keep your coins in Bitcoin and just take your mind off the market until maybe when the bulls come back. With holding in stablecoin you'll need to monitor to market to know when to buy in which might come with alot of pressure. But if you can manage all that then holding stablecoin has more advantage.
If you know you can hold through all the downside that the market is likely to experience in the coming months then keep your coins in Bitcoin and just take your mind off the market until maybe when the bulls come back. With holding in stablecoin you'll need to monitor to market to know when to buy in which might come with alot of pressure. But if you can manage all that then holding stablecoin has more advantage.
Why don't you just hold bitcoin and invest more as the price is decreasing so you can have a good profit when the market pumps back. But some people will have to convert to stable coins but know that stable coins are pegged with fiat, fiat will be devalued also. But if fiat is preferred for this period, converting back to bitcoin before another bull run set to occur will be good.
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.
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