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.
The bold part is everything you need to know when making your decision. It's logical bitcoin is the best alternative since it's well known the market is only going to recover as a whole when bitcoin recovers itself. Without a strong and pumping bitcoin there isn't profit through altcoins as well. When you hold bitcoin you have the assurance sooner or later it will rise again, but when you hold an altcoin you never know if it's going to increase in value once more, because although there is a chance it's going to be influenced by bitcoin price during a future bull run, it's not a guarantee at all. In crypto market bitcoin is a safe bet, so of course it's better to stick with it. 
Topic: Stick to altcoins or switch to Bitcoin or stablecoins? - page 4. (Read 1174 times)
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.
you have to understand that if you do a cut-loss at this time, it is certain that you have already lost, it will be difficult to make a profit in the futureif you have bitcoin or altcoin whose value has dropped drastically since you bought it, the wisest way is to "hold" until the market returns to bulls and your initial capital is back, don't swap it to stable coin
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.
you have to understand that if you do a cut-loss at this time, it is certain that you have already lost, it will be difficult to make a profit in the futureif you have bitcoin or altcoin whose value has dropped drastically since you bought it, the wisest way is to "hold" until the market returns to bulls and your initial capital is back, don't swap it to stable coin
Of course I will choose altcoins over bitcoin, there are always many surprises and huge profit opportunities that make me prefer to invest in altcoins than bitcoin, especially the transaction fees are very expensive and I only rely on small capital so holding bitcoin will not be able to make a big profit.
Then it means you like big risks. In the current environment, as Bitcoin's price is falling, altcoins are dropping even more. Of course, when the Bitcoin price starts to rise, you have a chance to earn a lot, but in the current situation, in my opinion, this is not the best idea. In my opinion, the best solution today is to keep stablecoins and wait for the market to calm down.
Of course, you can earn more on altcoins, but I wrote that at the moment the risk is too high to invest.
We are in a downtrend so you are much more likely to lose than earn. At such times, it is best to wait through the difficult period by keeping your funds in stablecoins.
Of course I will choose altcoins over bitcoin, there are always many surprises and huge profit opportunities that make me prefer to invest in altcoins than bitcoin, especially the transaction fees are very expensive and I only rely on small capital so holding bitcoin will not be able to make a big profit.
Then it means you like big risks. In the current environment, as Bitcoin's price is falling, altcoins are dropping even more. Of course, when the Bitcoin price starts to rise, you have a chance to earn a lot, but in the current situation, in my opinion, this is not the best idea. In my opinion, the best solution today is to keep stablecoins and wait for the market to calm down.
Of course I will choose altcoins over bitcoin, there are always many surprises and huge profit opportunities that make me prefer to invest in altcoins than bitcoin, especially the transaction fees are very expensive and I only rely on small capital so holding bitcoin will not be able to make a big profit.
Then it means you like big risks. In the current environment, as Bitcoin's price is falling, altcoins are dropping even more. Of course, when the Bitcoin price starts to rise, you have a chance to earn a lot, but in the current situation, in my opinion, this is not the best idea. In my opinion, the best solution today is to keep stablecoins and wait for the market to calm down.
I think all these are matter of choice and mindset, some traders stick to Bitcoin while some keep holding their altcoins. But what I really do is to hold some usdt or BUSD and wait for more dump in the market then I buy my crypto coin of choice then sell when market recover.
It's depends on trading or investing, short term or long term investment etc. Make a plan and go on, no one can step in your decision. My advice is choose stable coins, but wherever you stick move sensibly and make a profit and grow. Experience is your master key so use it wisely.
I have never owned bitcoin for almost 4 years, I can't wait to see the bitcoin price increase so I prefer to invest in altcoins, and it is proven that investing in altcoins like Ripple, BNB, Cardano and so on is proven to be more profitable than bitcoin.
For 4 years, that includes the long bear market and you have never took the chance of buying during that time? That's totally a skip you did for that very gold opportunity. Because many have been telling the same thing that they've missed 2018's bitcoin price because it's too cheap. But with your decision now, you're leaning into altcoins and good luck with that because a few of them really are profitable. You just have to make a good choice but if I'm you, still take a chance to have bitcoin no matter what season is. If you're a visionary, you should really do it. 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
The most important for every project is to be useful and in demand for a long time.
So it is necessary to evaluate the future potential of the coin to invest in the coins that will be in demand and prospective in the future.
After big growth, there is a fall in the price. Many altcoins are not suitable for long-term investments.
But it is possible to earn money on the volatility of the price. It is very important to buy and sell the assets in the right moment.
The dip which we are currently experiencing do not affect all altcoins,
Selling your altcoins now and waiting for it to dump more then buy back to me is not the best idea.
Converting your altcoins to stable coin is also not a good idea because to the market is already on the highest dip of the year, selling now you are actually recording loss, because it's only when we sell off our token that we actually record loss.
To me the best thing to do now is hold your potential altcoins, if you have more left over fiat you buy the dip, and wait for the bull market to come.
Because selling and waiting for the the token to fall more can sometimes turns the other way round, where the token you sold and be waiting to buy back can just turns the table around within 3hrs.
Selling your altcoins now and waiting for it to dump more then buy back to me is not the best idea.
Converting your altcoins to stable coin is also not a good idea because to the market is already on the highest dip of the year, selling now you are actually recording loss, because it's only when we sell off our token that we actually record loss.
To me the best thing to do now is hold your potential altcoins, if you have more left over fiat you buy the dip, and wait for the bull market to come.
Because selling and waiting for the the token to fall more can sometimes turns the other way round, where the token you sold and be waiting to buy back can just turns the table around within 3hrs.
If your goal of choosing a stablecoin is simply to protect your assets, that's fine as long as it's not your goal to invest in because you won't get any benefit from the stablecoin.
exchanging altcoins for bitcoins depends on your belief and research if you are not sure it is your right to make a decision but if the altcoins you own are the top and oldest and most trusted altcoins Just Hold On, because upgrades will definitely happen without you doing the exchange and anyway if you are in doubt there is no harm in exchanging it for bitcoin and for the long term.
exchanging altcoins for bitcoins depends on your belief and research if you are not sure it is your right to make a decision but if the altcoins you own are the top and oldest and most trusted altcoins Just Hold On, because upgrades will definitely happen without you doing the exchange and anyway if you are in doubt there is no harm in exchanging it for bitcoin and for the long term.
Bitcoin or stable coin are wonderful choices however it absolutely relies upon what your blueprint is. Are you good with how much Bitcoin you as of now own and simply need to hold always or until it arrive at your designated cost. Bitcoin dumps however in digital money am additionally after life span, and Bitcoin has finished that assessment one after the other.
It will be wise to make decent profit in altcoins and put in bitcoin and stablecoins because many of these altcoins you see now will get crushed some day and the profit will be gone forever. Don't be too greedy nothing goes up forever.
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
Because bitcoin overvalued now people are looking for new projects and new investments.
They want to have more profit, that is why they invest in altcoins.
Now there is a big choice of different projects for investments where people can invest their money.
The most important for every project is to be useful and in demand for a long time.
So it is necessary to evaluate the future potential of the coin to invest in the coins that will be in demand and prospective in the future.
The smartest thing in the crypto market is to stick it is possible to make a profit from both bitcoin and altcoin through long term investment. The crypto market is not stable if you wait, you get double the benefits it would be nice to stick to altcoin there are lots of currencies out there and you can make a profit from one instead of the other but you have to move on with faith. It is a good idea to move forward with your intellect and keep it for a long time.
if there is a decline like today, I still tend to hold my altcoins rather than swap them for bitcoin or stabilcoins. Well, everyone has a different strategy move. some people swap their altcoins into bitcoin or stabilcoin because they are confident that they can take advantage of such a moment. however, for me, I didn't do that. I believe the altcoins I own can make me a huge profit as long as I hold it.
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.
You should have a diversified portfolio if you want to get the maximum benefits in this crypto market. You should hold bitcoin and some good altcoins for long term. Do not sell them, even if the price go down as there is likely the chance that they will recover when the market goes back up.
Also you should always have some stable coins with you so that in case there is a sharp dip in the market, you can always buy some coins at cheap prices or use those stable coins for dollar cost averaging.
Stablecoins are needed when the market falls, altcoins, if you are quest a new promising coins, Bitcoin forever strong 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.
In the end stablecoin is stablecoin and it is dollars. If you really want to go to stablecoin route and be there just get dollars in regular fiat format and put it in your bank account. I personally disliked them ever since they were created and I feel like they are one of the reasons why bitcoin and crypto world is not growing at the rate it should be growing.I get that it may not be super hard to do something in crypto that is regarding as little risk as stablecoins because they are just 1 and will stay at 1 (hopefully) but there is no reward neither aside from the stake you may get from places like binance and that's very little. I like buying both btc and alts so that I could improve the diversification and just be happy with the risks I am taking.
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 there is a bearish market, it always hit hard on altcoin more than bitcoin. The type of altcoin you hodl will determine whether you ought to convert it to bitcoin or stablecoin. If you are hodling a potential coin, no need of converting it to bitcoin because there is a possibility that it will pump and give more profits than before. You don't expect someone hodling BNB, Matic, youc in their portfolio to convert their token to bitcoin because of how the crypto market is bleeding
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