Topic: Stick to altcoins or switch to Bitcoin or stablecoins? - page 5. (Read 1174 times)
The market is currently not good so I would not switch to another coin. I will keep it as it is. Yes, Altcoins dropped hard in this month also, on the contrary, I was expecting a bullish move of altcoins but market behave just opposite to my thinking but If you are sure shot about the market then stable coins are the best option because if the market drops further our holding value remains same and can buy back again when the market starts rising.
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Indeed. Having faith with your chosen coins, and continuing to believe that it will get better even when it faces the lows, is the key in successfully gaining from investments. It also nice to hear that you are saying this based on your experiences, which I think has made you even a strong believer of bitcoin. Crypto is truly not for the fainted hearts, and it should be done with the intention that is beyond of just making money, because in the end you might just lose everything.
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.
Personally what I would do is hold lots of coins and just forget about them for a while. Of course, top priority would be bitcoin followed by an alt of my choosing. Stablecoins won't really matter much IMO, as these can be frozen AFAIK so it's not a good thing holding them for so long. Holding varied coins will most probably save you from your coins' value crashing so hard, and may eventually lead you to even greater profits in the future.
Depends on the coin you selected since if the coin you pick is so shady also doesn't have any decent volume nor have proper plans set then we must back off on it. But if we stick on top alts and pick the one who listed above on the market and also we add up the presence and seriousness of the project since we really on it a little bit.
What you said is true. While others are really panicking when thinking and during bear market, some remain to be calm because they are confident with the coins and assets they have. This is why choosing what coin to invest with in the first place is really important, most especially considering its vulnerability to be significantly affected whenever the market move and changes, and the credibility of the project itself.This is why I am going to end up with no regrets even if bitcoin goes to zero one day, but I doubt that it will ever go under 20k let alone go to zero. Which is why I am pretty confident and believe in this, if you do not feel the same then panic selling is possible.
Well, as far as Bitcoin and stablecoins go, these are two completely different things. If Bitcoin goes down, it definitely will drag altcoins behind it. At that point, stablecoins are your safe haven. If Bitcoin goes up, some altcoins go up even harder. But then again, its anyone's guess as to which altcoins will go up most. So my strategy at that point is not to put all my eggs in a single basket. 
Depends on the coin you selected since if the coin you pick is so shady also doesn't have any decent volume nor have proper plans set then we must back off on it. But if we stick on top alts and pick the one who listed above on the market and also we add up the presence and seriousness of the project since we really on it a little bit.
What you said is true. While others are really panicking when thinking and during bear market, some remain to be calm because they are confident with the coins and assets they have. This is why choosing what coin to invest with in the first place is really important, most especially considering its vulnerability to be significantly affected whenever the market move and changes, and the credibility of the project itself.
I think holding altcoins to be an asset when this bear market is very risky to go down. It is highly recommended to keep assets in stable coins. I also don't recommend storing assets in bitcoin, usually a bear market hits flat with fluctuating meaning bitcoin and altcoins will inevitably go down. Of course, your assets will also be reduced.
Depends on the coin you selected since if the coin you pick is so shady also doesn't have any decent volume nor have proper plans set then we must back off on it. But if we stick on top alts and pick the one who listed above on the market and also we add up the presence and seriousness of the project since we really on it a little bit.
I think holding altcoins to be an asset when this bear market is very risky to go down. It is highly recommended to keep assets in stable coins. I also don't recommend storing assets in bitcoin, usually a bear market hits flat with fluctuating meaning bitcoin and altcoins will inevitably go down. Of course, your assets will also be reduced.
It depends on you and the market of course, I choose to stick with altcoins if I see that the Bitcoin shows a boring movement and the funding flows to altcoins it means there is more movement and money on altcoins but if choose a long term holding I choose Bitcoin all over the altcoins.
and if it is too much volatility I choose stablecoins to avoid crash.
I prefer to own both altcoins and bitcoins. If bitcoin I will put long term, in altcoins vice versa. Moreover, in altcoins there are many choices where we will enter, so it is more varied. I would not pass up the opportunity that exists in altcoins or bitcoin. I will use it as best I can.and if it is too much volatility I choose stablecoins to avoid crash.
If you can have both, why must one?
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.
This is tough to answer because this market cycle is unlike previous ones. Possibly we are in a long supercycle. Ideally one should acquire altcoins during bear markets and flip them to bitcoin during bull markets, so if you bought them at a recent top then it may be worth waiting for them to go back up. You want to buy altcoins when they are cheap relative to bitcoin and convert them to bitcoin when they are more valuable relative to it. So the timing to convert to bitcoin will depend on the individual case and when the alts were bought. Also, diversification is good, so that will always be a factor: in my view bitcoin should always be a core holding. Some percentage in stablecoins is also a good idea for some investors as it allows flexibility to reenter the market at opportune times.
I will advice you do all. Hold bitcoins and stablecoins and then look for some altcoins with potential and then get then very early. Anyways, that's my opinion though
Each has its own strategy of how to behave in a particular period in the market. But a certain amount in stablecoin and in bitcoin are different things. Especially if the price of the coin is steadily going up. Switching to a stablecoin is to gain a foothold and reduce the risk of loss.
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
Cryptocurrency is actively developing and a lot of new crypto projects appear. Some of the projects are very prospective and are able to bring much more profit than Bitcoin or Ethereum.
It is impossible to stop progress or stop cryptocurrency but it is possible to earn on the most prospective and high growing cryptocurrency market.
Bitcoin is overvalued that is why more people pay attention to altcoins.
The cryptocurrency industry is actively developing offering new opportunities. Investors actively invest money in cryptocurrency increasing its development and allowing new and prospective projects appeare.
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
Some projects offer a big profit even more than bitcoin can offer, that is why there is a big demand in new technologies and new products.
But it is very important to evaluate all the new projects to find the most prospective ones and differ them from scams.
Cryptocurrency is actively developing and a lot of new crypto projects appear. Some of the projects are very prospective and are able to bring much more profit than Bitcoin or Ethereum.
It is impossible to stop progress or stop cryptocurrency but it is possible to earn on the most prospective and high growing cryptocurrency market.
It depends on you and the market of course, I choose to stick with altcoins if I see that the Bitcoin shows a boring movement and the funding flows to altcoins it means there is more movement and money on altcoins but if choose a long term holding I choose Bitcoin all over the altcoins.
and if it is too much volatility I choose stablecoins to avoid crash.
and if it is too much volatility I choose stablecoins to avoid crash.
Of course everyone has a different decision, depending on the strategy of each person. Both altcoins and Bitcoin are profitable, depending on how
we use them to make a profit. Most importantly avoid investing in stablecoins, because we will not make a profit by investing in stablecoins.
Usually I use stablecoins to store capital for trading, so as not to be affected by a volatile market. Bitcoin movement does look boring right now,
but have we forgotten how Bitcoin has moved since early 2021 until it reaches the ATH price, Bitcoin is moving very significantly even reaching ATH
twice in 2021. Indeed we have to be patient when investing in Bitcoin, so don't worry about seeing the boring Bitcoin movement right now,
but it won't be long before Bitcoin will skyrocket in price again. I already understand how Bitcoin works, so I'm not worried about Bitcoin's
current performance. I am optimistic that in 2022 the price of Bitcoin will be much higher than the price of Bitcoin in 2021.
I think now is the time to put your funds in a stable coin and then watch the market very carefully before throwing your money in it. But, on the other hand invest more in Bitcoin because it will definitely rise further.
Bitcoin definitely if you are looking for long term investment. Altcoins if you want to play with the market and do short term investments. Pull the profits as fast as you can then buy back at times like this one.
Don't stick with stablecoins there is absolutely no profits on that. Better just hold the paper money than holding a risky stablecoin.
If you are looking for an altcoin to hold though, it will be difficult to precisely identify one that has a future. You could go for exchange coins like BNB but there is no assurance it could go the way you want it.
it all depends on the planning made. if the OP feels panicked because of the changing market situation, of course, the temptation is to sell the altcoins owned to get stable coins. this situation is normal and can re-enter when you feel the price has been at the bottom.Don't stick with stablecoins there is absolutely no profits on that. Better just hold the paper money than holding a risky stablecoin.
If you are looking for an altcoin to hold though, it will be difficult to precisely identify one that has a future. You could go for exchange coins like BNB but there is no assurance it could go the way you want it.
Don't be in too much of a hurry to convert assets to bitcoin. because the calculation of the altcoin market has a different movement with bitcoin. don't get trapped. unless the plan is changed for the long term.
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
There is a big demand for new and prospective projects that is why many investors are looking for them and monitors that allow finding these projects and cryptocurrencies.
Some altcoins grow in price even more than Bitcoin but it is necessary to find and evaluate these projects.
Some projects offer a big profit even more than bitcoin can offer, that is why there is a big demand in new technologies and new products.
But it is very important to evaluate all the new projects to find the most prospective ones and differ them from scams.
Bitcoin definitely if you are looking for long term investment. Altcoins if you want to play with the market and do short term investments. Pull the profits as fast as you can then buy back at times like this one.
Don't stick with stablecoins there is absolutely no profits on that. Better just hold the paper money than holding a risky stablecoin.
If you are looking for an altcoin to hold though, it will be difficult to precisely identify one that has a future. You could go for exchange coins like BNB but there is no assurance it could go the way you want it.
Don't stick with stablecoins there is absolutely no profits on that. Better just hold the paper money than holding a risky stablecoin.
If you are looking for an altcoin to hold though, it will be difficult to precisely identify one that has a future. You could go for exchange coins like BNB but there is no assurance it could go the way you want it.
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