Stick to altcoins or switch to Bitcoin or stablecoins? - page 3.

LastKiss

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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.

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

Shuna_Inuverse

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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.

The fall of the market is a good opportunity to earn money for traders but not for investors.
Usually investors earn money on the raise of the market but during the fall the sell the assets or lose money.

LUCKMCFLY

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I think that each person has a way of seeing things in life, and just as they see them, they have another way of seeing their businesses, and in turn the market, but if they have altcoins at the moment, it is not a good decision to sell to buy BTC, BTC will rise in price, it will, and when it passes all the altcoins will begin to rise in price, that is something that will always be fulfilled, the rest for now is to be patient, and wait as long as necessary , I do not recommend buying BTC if there is no money, nor changing the altcoins for BTC right now, although the btc is somewhat cheap, it is available to the person wanting to buy BTC with the stablecoin, which would not be a bad idea.

Jating

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^^ Perhaps what you meant is a bear market. But yes, that is right, it's a perfect time to accumulate many crypto that time because the price is going to be cheap.

So for me, it's not that bad to have altcoins in your portfolio in this bear market because many of them are going to fall very hard. Maybe even those that are in the 3 digits will go down to 2 if the bear market will be like in 2018.

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 stablecoins become very popular. People use stablecoins to fix their profit and safe their funds.
Also stablecoins are popular in trading.

After the raise of the market there is a fall of the market. Fall of the market allows traders to earn money such as the raise of the market.
Also falls of the market is a good reason to buy cryptoassets for the best price.

cafee_orange

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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

sulendra12

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

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 okay if you switch to other currency and buy it at dip again. But why would you minimize your earnings if you can afford it with your spare money? While the altcoins on dip, you can just switch to Bitcoin and spare some into stablecoins. Or even just invest on all of those(altcoins, bitcoins and stablecoins) for more earnings. It takes lot of efforts but the earnings will worth more.

velive08

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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.

with the current market conditions it is very good if you maintain the altcoins you have. if you have more money I think it would be wise if you collect some other crypto because this is a very good time to buy, I myself with conditions like now are more interested in being in altcoins

Jackl87

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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 theory it would definitely make sense to transfer your funds from highly volatile altcoins into Bitcoin or even better in stablecoins like USDT or USDC before a bear market comes. By doing that you have saved your profits (when you transferred it to stable coins) or you increased your Bitcoin holdings and once the market hit's a low you can use that money again to buy back for example 3 times the amount of those tokens that you sold before.
The BIG problem is though that you would need to know how the market develops in the future (which is basically true for every investment) in order for that strategy to work perfectly. It is also possible that you sell your altcoins only one day before they make a x2 or something.

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.

First_on_the_Moon

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Quote from: Shuna_Inuverse on January 11, 2022, 05:39:05 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 the market falls many investors prefer stablecoins.
All other assets fall and investors not to lose their profit sell such assets and buy stablecoins.

Many people do not believe that market falls.
People continue to buy Bitcoin because they believe then Bitcoin will continue to grow and now there is a temporary correction of the market.

nelson4lov

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Quote from: nurulhmani1280wat on January 10, 2022, 06:28:28 PM

Obviously I think there are some people who should convert to stablecoins because they know that stablecoins are pegged to fiat, fiat will also be devalued, but fiat is preferred for this period as the market starts to gradually decline thus completely eliminating the risk. Either holding Bitcoin or stablecoin is the most appropriate choice, but it totally depends on what your game plan is, if holding bitcoin, stablecoin, that's better.

Like you said, it depends on the choices but a general rule of thumb is to diversify one's crypto portfolio because like every other market, crypto market also comes with its own risks which makes it quite a volatile market. It is recommended by many proven traders that we should always ladder sell towards a top (aka taking profits) and keep this funds for when the market corrects (it usually does) use it tobuy back your stack with a nice increase too

TaShoKi

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Quote from: Shuna_Inuverse on January 11, 2022, 05:39:05 AM

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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

Many people prefer stability.
Now even stable Bitcoin falls. Other altcoins fall more than Bitcoin.
Even investment in Bitcoin is risky.

When the market falls many investors prefer stablecoins.
All other assets fall and investors not to lose their profit sell such assets and buy stablecoins.

Bitcoin is not stable, but it is the hegemon in the crypto world. Investment is synonymous with risk and it doesn't matter where you invest.

marilynmanson21

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change altcoin to stablecoins and if possible buy bitcoins, but personally for the current situation it's better to keep stablecoins with the aim of minimizing losses if bitcoin reaches the price of 40k$ again

asyakashi

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The bear market has been confirmed, I think if you hold altcoins now or you have experienced a slight minus immediately to stop it or move to a stable coin because there is the potential for cryptocurrencies to continue to fall. A few days ago I noticed that the movement of the support chart has been penetrated by the bear market is about to arrive.

Shuna_Inuverse

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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

Many people prefer stability.
Now even stable Bitcoin falls. Other altcoins fall more than Bitcoin.
Even investment in Bitcoin is risky.

When the market falls many investors prefer stablecoins.
All other assets fall and investors not to lose their profit sell such assets and buy stablecoins.

letyouearn

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Now it's too late to switch anywhere from altcoins, we should just wait for the market to recover from this bear frenzy

I hope this wouldn't take too long... 2-3 months I bet - not more.

OrangeII

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actually, it all depends on the type of altcoin you hold. if it is a popular coin like BNB, ETH, and other popular coins, it would be better if you keep holding it until the price goes up, and buy bitcoins using your other assets. however, if you want to hold the stablecoin right now, well, selling your assets at any time would look fine as long as you accept everything that could happen. If it's a dump, you get the chance to re-stock even more, and if it's a pump, you're at a loss. Personally, I'd stick with popular coins, and stock up on bitcoins if I wanted to. currently looks pretty good condition.

Cryptock

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Quote from: nurulhmani1280wat on January 10, 2022, 06:28:28 PM

Obviously I think there are some people who should convert to stablecoins because they know that stablecoins are pegged to fiat, fiat will also be devalued, but fiat is preferred for this period as the market starts to gradually decline thus completely eliminating the risk. Either holding Bitcoin or stablecoin is the most appropriate choice, but it totally depends on what your game plan is, if holding bitcoin, stablecoin, that's better.

In a situation where the cryptocurrency market is volatile, the best solution is to keep your money in stablecoins. However, no one knows when prices will start to rise. If the Bitcoin price starts to rise now, altcoins are the best investment because they are the most undervalued.
It all depends on who likes what risks. If someone believes that altcoins are the future, in my opinion, he should invest in altcoins, because in a year he will be drinking champagne on an exotic beach. This is what investing in cryptocurrencies is all about.

nurulhmani1280wat

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Obviously I think there are some people who should convert to stablecoins because they know that stablecoins are pegged to fiat, fiat will also be devalued, but fiat is preferred for this period as the market starts to gradually decline thus completely eliminating the risk. Either holding Bitcoin or stablecoin is the most appropriate choice, but it totally depends on what your game plan is, if holding bitcoin, stablecoin, that's better.

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