Stick to altcoins or switch to Bitcoin or stablecoins? - page 2.

og kush420

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Quote from: MFahad on January 30, 2022, 09:59:37 PM

Quote from: Wysi on December 17, 2021, 02:17:58 PM

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 already down from 50k to 36k and there is possibility to dump to 30k buy very high chances that it will bounce back to 42k.
Now for me big opportunity to buy some high potential coin like ADA,Dot,Bnb for ling term. When market recover these coins can give us best profit.

For long-term investors, this is a very good time to buy cryptocurrencies (basically all of the top100 from Coinmarketcap). Investors who speculate for short periods of time now have a big problem, because it is completely unclear whether there will be further price drops or whether we will return to the uptrend. I think everything will clear up in the next few days.

MFahad

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Quote from: Wysi on December 17, 2021, 02:17:58 PM

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 already down from 50k to 36k and there is possibility to dump to 30k buy very high chances that it will bounce back to 42k.
Now for me big opportunity to buy some high potential coin like ADA,Dot,Bnb for ling term. When market recover these coins can give us best profit.

LUCKMCFLY

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Quote from: DonFacundo on January 27, 2022, 03:54:36 AM

If you decide to convert your altcoins into stablecoins right now I guess it is too late because the market is already on dipping, I don't think if it is wise to convert into stable coins, you really lose money if you do that. Holding is really good option for now just be patient until the market recovers. If the market is dumping again then you can buy more.

You are right, I have a friend who had a strong investment in Polkadot and Solana, also in Matic and he couldn't stand to see his fiat value coins drop in price, he converted everything to FIAT and amassed a loss of almost 500usd, the truth It seemed to me that it was a very bad decision, I lost nothing by letting them increase in price, however it is his money and only he has access to it and to make his own decisions, if that money had been mine, for nothing in the world I pass it to FIAT. And he lost much more, because everything was initially transferred to USDT and from there he took it to FIAT and when he transferred it he had to transfer it to the local currency so that he could make the change to FIAT in foreign currency, in total he made 3 exchanges where he lost In each one.

kaka manteng

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Quote from: Wysi on December 17, 2021, 02:17:58 PM

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.

It's your choice but for me I would choose with Bitcoin and high market cap coins and stable coins if I am going to choose long term investment but if you are just doing swing trader or day trading I think altcoin is a good option. Try to trade with big cap coins and if you lose just hold the Bitcoin and stablecoins you have bought.

DonFacundo

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If you decide to convert your altcoins into stablecoins right now I guess it is too late because the market is already on dipping, I don't think if it is wise to convert into stable coins, you really lose money if you do that. Holding is really good option for now just be patient until the market recovers. If the market is dumping again then you can buy more.

AmoreJaz

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Quote from: ?? on ??

When cryptocurrency market falls there is a big demand for stablecoins.
That is why during fall of the market a lot of new stablecoins appear and stablecoins become very popular.

Because it saves the wealth and profit of everyone but it's also common of being picky in choosing stable coins.

There are stable coins that you shouldn't trust and you shouldn't pick because they have some issues. Before you choose one, you need to do your own research because it can affect yourself and how you're holding it.

You don't like a stable coin that can potential freeze anyone's money.

but most stablecoins have that kind of issue, even usdt. they can freeze your money for whatever the reason they deem applicable. so in my opinion, it is good if you will only convert some of your funds to stablecoin to avoid losses in the market. but am suggesting, don't hold too long. you have no idea about their true backing here.
i am more confident to store it in btc, but everyone has their own decision towards this matter. if you will go into stablecoin, at least choose what is the reputable one in the market.

Angry_Kitty

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Quote from: Megladoge on December 29, 2021, 07:37:54 AM

The matter is that altcoins can give potential profit that is more than Bitcoin or Ethereum can offer.
Stablecoins can not give such a big profit. They can not give profit at all if not to trade. They are used only as a trading tool.
Now many investors are looking for new and prospective projects at the early stages of their development to earn the maximum profit.
The demand in the early stages of investments is so high that appear platforms that allow investing in different projects on their seed and pre-sale stages.
Here is article about such projects - https://medium.com/@CFS_Protocol/crypto-fund-syndicate-cfs-protocol-ead595f0b1df

When cryptocurrency market falls there is a big demand for stablecoins.
That is why during fall of the market a lot of new stablecoins appear and stablecoins become very popular.

When cryptocurrency market falls the demand in stablecoins increase and they become more popular.
People use stablecoins to save their assets from the fall of the market.

Shuna_Inuverse

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Quote from: alan228 on January 18, 2022, 10:14:36 AM

Quote from: Megladoge on December 29, 2021, 07:37:54 AM

The matter is that altcoins can give potential profit that is more than Bitcoin or Ethereum can offer.
Stablecoins can not give such a big profit. They can not give profit at all if not to trade. They are used only as a trading tool.
Now many investors are looking for new and prospective projects at the early stages of their development to earn the maximum profit.
The demand in the early stages of investments is so high that appear platforms that allow investing in different projects on their seed and pre-sale stages.
Here is article about such projects - https://medium.com/@CFS_Protocol/crypto-fund-syndicate-cfs-protocol-ead595f0b1df

When market falls stablecoins becomes very popular and demand in them increases.
Also stablecoins actively use traders and trading volumes of USDT is very high and take a 2nd place after Bitcoin.

In spite of the cryptocurrency market falls many people prefer to buy Bitcoin because now the price for bitcoin is very good.
Dip of the market is a good reason to buy altcoins for the best price.

wheelz1200

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Quote from: Wysi on December 17, 2021, 02:17:58 PM

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.

In bear markets alts typically get hammered on price because in a bull market most are just pumps toys to get more bitcoin in the first place. So when there is no more excitement or pumps there is zero reason to buy. Smart money is in bitcoin right now.

SweetMochi24

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If you're searching for a long-term investment, Bitcoin is a must. Altcoins are useful if you want to experiment with the market and make short-term investments. Profits should be taken as quickly as possible, and then repurchased at times like this.
Don't rely on stablecoins because there are no gains to be made. Owning paper money is preferable to holding a dangerous stablecoin.
However, if you are searching for a cryptocurrency to hold, Look for good launchpad such as DAO maker. I just managed to join their best sales on the launchpad that had the highest ROI in 2021. Pretty cool!

LUCKMCFLY

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Quote from: Den3892 on January 18, 2022, 03:47:02 PM

I think that now the best option is to buy blockchain tokens, since this is where all the capital flows. In addition, there are large sums of money for development, and we have already seen that they hold up well despite the fall of the market. Personally, I prefer NEAR ATOM

Excuse me, the way you say it is as if you were promoting that coin, however some things you say are true, in this market it is for the best opportunities, I know that people who manage to buy any altcoin can enjoy great benefits when BTC reaches its bullish trend again, however all tokens depend on the price of BTC, it is very difficult for the token to see rise, if they do it is because it is in constant pump and dump, it is very common and there are many projects that are being developed currently for that, like NFTs which mostly turn out to be scam.

Vaskiy

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There is sudden rise in the market and the same made Bitcoin touch $43000, following there is around +2% growth with altcoins. This didn't last for much time, the market was at the top for few hours and has declined steep back to the $41000 range. There is no big deflection in the altcoins market, probably this trend can continue. Or else this can be a market correction for a forward push.

SlimShadyMmp

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If your coin is down like 50% I will say stay strong mate because you have witnessed the stunami and I hope you are still standing but seriously My take is if you didnt sell the top why sell the bottom It actually doesnt make any sense doing that mate

alpamar99

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Quote from: Cornia on January 18, 2022, 04:38:15 PM

We have noticed that the market is gradually going down. At this time you have to invest very carefully and I prefer short term investment. Bitcoin and altcoins are all volatile. So I convert my assets to stablecoin.

That's a pretty good thing, because if you look at the market that is currently very irregular, I think it's a wise choice to be on a stable coin because the risk is still quite small compared to being in alt or bitcoin.
but as you said, this is only for the short term and when the market returns to a bull run it would be great when we switch back to assets that we want both alt and bitcoin.

KaliLinux

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Quote from: cafee_orange on January 12, 2022, 01:30:17 PM

if current market conditions continue to deteriorate into the future then saving our assets in stablecoins is the right solution, but if the market will improve slowly then just save your assets in the form of altcoins, in my opinion this is a good solution

I believe that is a decision investors should have made since after Nov 10 2021 when we started experiencing this downtrend and if you have not done that since I believe you had rather Hodl your crypto assets because I think we might start seeing an upward trend sooner from looking at the daily Bitcoin price chat and also I believe the next weekly candle by 24 Jan 2022 might likely ba a Bullish start.

Angry_Kitty

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Quote from: alan228 on January 18, 2022, 10:14:36 AM

Quote from: Megladoge on December 29, 2021, 07:37:54 AM

The matter is that altcoins can give potential profit that is more than Bitcoin or Ethereum can offer.
Stablecoins can not give such a big profit. They can not give profit at all if not to trade. They are used only as a trading tool.
Now many investors are looking for new and prospective projects at the early stages of their development to earn the maximum profit.
The demand in the early stages of investments is so high that appear platforms that allow investing in different projects on their seed and pre-sale stages.
Here is article about such projects - https://medium.com/@CFS_Protocol/crypto-fund-syndicate-cfs-protocol-ead595f0b1df

When market falls stablecoins becomes very popular and demand in them increases.
Also stablecoins actively use traders and trading volumes of USDT is very high and take a 2nd place after Bitcoin.

Traders earn money even on the fall of the market.
For investors fall of the market is a good time to buy the tokens for the best price.
But it is very important to check everything and evaluate the potential of the coin before investment.

Cornia

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We have noticed that the market is gradually going down. At this time you have to invest very carefully and I prefer short term investment. Bitcoin and altcoins are all volatile. So I convert my assets to stablecoin.

Den3892

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I think that now the best option is to buy blockchain tokens, since this is where all the capital flows. In addition, there are large sums of money for development, and we have already seen that they hold up well despite the fall of the market. Personally, I prefer NEAR ATOM

alan228

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Quote from: Megladoge on December 29, 2021, 07:37:54 AM

The matter is that altcoins can give potential profit that is more than Bitcoin or Ethereum can offer.
Stablecoins can not give such a big profit. They can not give profit at all if not to trade. They are used only as a trading tool.
Now many investors are looking for new and prospective projects at the early stages of their development to earn the maximum profit.
The demand in the early stages of investments is so high that appear platforms that allow investing in different projects on their seed and pre-sale stages.
Here is article about such projects - https://medium.com/@CFS_Protocol/crypto-fund-syndicate-cfs-protocol-ead595f0b1df

It is necessary to be ready for the fall of the market. In such case if investors is ready and use the necessary strategies they can earn money even on the fall of the market.
Fall of the market offers a lot of opportunities too.

When market falls stablecoins becomes very popular and demand in them increases.
Also stablecoins actively use traders and trading volumes of USDT is very high and take a 2nd place after Bitcoin.

Coin_trader

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Quote from: LastKiss on January 17, 2022, 04:26:26 AM

Quote from: Wysi on December 17, 2021, 02:17:58 PM

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.

When bull comes many altcoins gains more than bitcoin eth and other big cryptos, It depends on what you trust. Do you trust in bitcoin or do you trust your altcoins which you invested and that altcoin will perform good in a couple years from now. If you want to gambling then just put your money in altcoins will be nice Wink

There's a crypto cycle which will be beneficial to you if you follow it. The start of the cycle was the pump of Bitcoin then Big marketcap altcoins will and lastly small caps coins. If you know this pattern, You can easily switch asset base on the current trend on crypto, There's a time that you will have more profit on Bitcoin compared to altcoin so it will be beneficial if you have knowledge about it.

Topic: Stick to altcoins or switch to Bitcoin or stablecoins? - page 2. (Read 1174 times)