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.
Topic: Stick to altcoins or switch to Bitcoin or stablecoins? - page 6. (Read 1154 times)
I will make altcoins an investment priority, this is because the opportunity to skyrocket is very large compared to bitcoin, it is almost impossible if we can profit 100% in a month, but many altcoins like MATIC, Cardano, or Shiba can go up more than 100% in a month.
In the short term, they're higher than bitcoin.But for someone who sees the best for bitcoin in the long term, I'd say that it's really for the long term. Mentioning a meme coin, I'm doubting that it can perform the same as before.
It's not the same anymore as before that it will.
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
In is good that there is a platform where it is possible to monitor different new projects. Now appear a lot of different aggregators that allow to check all new projects that appear in the industry to find the best one.
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.
For almost 4 years I have never had a bitcoin balance, this is because holding bitcoin is very difficult for big profits, especially after the presence of stable coins which makes the value of altcoins valued in USD, no longer satoshi like the early presence of cryptocurrencies.
There is no reason to swap your assets for stable coins if you are in for a long ride even if you are holding some meme coins I can only advice you to sell them for bitcoin because where the market is heading I think meme coins will be left behind this time around
If we enter to crypto, of course, we don't need stable coins, only suitable for trading to determine the price of altcoins, daring to take risks is the type of successful person because for big profits of course we must dare to invest in altcoins that can provide profits of up to hundreds of percent per year.
There is no reason to swap your assets for stable coins if you are in for a long ride even if you are holding some meme coins I can only advice you to sell them for bitcoin because where the market is heading I think meme coins will be left behind this time around
for the time being I have two choices to altcoins and bitcoins, about it all because both of them have become crypto pioneers and are in the interest of more people...and there the risk of loss to keep holding is smaller,, the point is I'm more calm and safe with both cryptos the..
We didn’t know what happen next in the market so no one can give you advice 100% accurrate of what action to do. We are all only predicting. All people involved in market made different decisions that is why there is the volatility in the prices of cryptocurrencies. In my own opinion stick to your own best strategy which you think you had the more advantage.
No one dares to give accurate advice if market conditions are like this, a careful strategy is needed to minimize the risks posed, we are only able to predict the outline, while certainty cannot be guaranteed under current conditions, many people make wrong decisions, so this will harm us, make a special study to get a conclusion, do not rely on something that will be detrimental, this will be uncertain in the current conditions. 
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.
Well, how do you know that this market cycle will be the same?
And what makes you think that we are entering a bear market anyway? Just because BTC and major alts dumped something like ~10% doesn't mean that we are necessarily entering a period of extreme bearishness.
Looking in the big picture, I think that it makes sense for people to move more into ETH and alts as opposed to BTC because of the obvious use cases associated with these other blockchains.
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.
Holding Altcoin is nothing that brings good for you. Bitcoin broke its ATH multiple times but most of the Alts are downing like nothing just happened. It seems they didn't notice the Bull run of Bitcoin.
Why do you need others' suggestions? you are dumb or something else!! do your own speculations, Bitcoin is the king of the coins and institutions are continuously buying more and more coins during this bearish situation, why? cause institutions know we will see another mega run in this new year.
Sell shitcoins and buy Bitcoins as much as you can when you get money in your hand.
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.
Holding Altcoin is nothing that brings good for you. Bitcoin broke its ATH multiple times but most of the Alts are downing like nothing just happened. It seems they didn't notice the Bull run of Bitcoin.
Why do you need others' suggestions? you are dumb or something else!! do your own speculations, Bitcoin is the king of the coins and institutions are continuously buying more and more coins during this bearish situation, why? cause institutions know we will see another mega run in this new year.
Sell shitcoins and buy Bitcoins as much as you can when you get money in your hand.
If market conditions continue to decline, turning the assets we have into stablecoins is a good choice. because for now the price will continue to decline until the beginning of the new year.
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.
Bitcoin and stable coins should be a part of your portfolio as you never know when the market would crash. And Bitcoin and stablecoin could be a safe investment at that time. But if the market goes bullish, which is in most case, holding large amount of stablecoin would be a loss. So, I generally recommend people to have at least 5% of their portfolio in bitcoin and some 10% as liquid stablecoin which goes in and out of different alts but mostly remains stable coin. And good altcoins are all you need to have good profit.
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This is literally how those traders who trying to make profit from the market movement did, basically buy low sell high but stablecoins itself just function to keep the value of your investment.
But if we’re already keeping our investment in form of stablecoins and instead of buying when the price has gotten low but instead wait for the market to recover then we will lose the opportunity to make profit because by then, converting it back to altcoin will only decrease our investment further.
Just buy it low and sell it high just like how most of traders are doing, this will always works, of course it’s hard to decide at what moment is best to buy however buying at really low value never disappoints. If you are seeing the signs of bearish market then its better to keep your investment in form of stable coins immediately. Always remember that if you must also have reserved fund to anticipate the bearish trend that sometimes happened due to the bad trend in the stock market that was affecting the price of bitcoin.
But if we’re already keeping our investment in form of stablecoins and instead of buying when the price has gotten low but instead wait for the market to recover then we will lose the opportunity to make profit because by then, converting it back to altcoin will only decrease our investment further.
Just buy it low and sell it high just like how most of traders are doing, this will always works, of course it’s hard to decide at what moment is best to buy however buying at really low value never disappoints. If you are seeing the signs of bearish market then its better to keep your investment in form of stable coins immediately. Always remember that if you must also have reserved fund to anticipate the bearish trend that sometimes happened due to the bad trend in the stock market that was affecting the price of bitcoin.
I will choose altcoins over bitcoin or stable coins, we can only get a very large profit opportunity if we hold altcoins, while for the current position it is of course very difficult for bitcoin to reach 2x, while for altcoins to go up 10x it is very easy.
It seems you are starting to misunderstand this because all Altcoins are also very difficult to increase if Bitcoin continues to decline, and even if Bitcoin cannot increase by 2x, the advantage of holding Bitcoin will always be there even though Altcoins can increase up to 10x and that will not happen easily.
I will choose altcoins over bitcoin or stable coins, we can only get a very large profit opportunity if we hold altcoins, while for the current position it is of course very difficult for bitcoin to reach 2x, while for altcoins to go up 10x it is very easy.
It seems you are starting to misunderstand this because all Altcoins are also very difficult to increase if Bitcoin continues to decline, and even if Bitcoin cannot increase by 2x, the advantage of holding Bitcoin will always be there even though Altcoins can increase up to 10x and that will not happen easily.
Converting altcoins to bitcoins is the best thing right now, as the market price is down, so you can make big profits when the market will pump back up. Remember that you need to be active and focused on the market, as prices fluctuate. I think when the market is bleeding you should buy and hold more of the top coins in the market.
Altcoins are still promising, this is because my assets are still small, I think profit opportunities can only be obtained if we invest in altcoins, it is very easy for BNB, MATIC, Solana or other altcoins to increase 2x even 10x within a month, but for bitcoin the increase is may occur in a month will not be more than 50%.
I will choose altcoins over bitcoin or stable coins, we can only get a very large profit opportunity if we hold altcoins, while for the current position it is of course very difficult for bitcoin to reach 2x, while for altcoins to go up 10x it is very easy.
But if the BTC price drops by 5%, then the altcoin price will drop by 20-30%. And with the dump, the price of some altcoins decreased by 80%. So risks also have a price. For this reason, long-term investors prefer the reliability of bitcoin over new coins.
It totally depends on your plan and your target. If you think the market will experience more drops, while your current assets look enough to take profits, why don't you convert to stable coins temporarily? Then, you can rebuy again some altcoins or even Bitcoin once there will be a huge dump/correction. But if you are already satisfied with your profits this season, kindly convert all your assets to fiats or stable coins. On the contrary, if your assets are already decreasing much, better to stay holding, and no need to convert to other coins. There is still an opportunity of the next pump although there is no guarantee it. DYOR/DWYOR
One strategy I use before is to convert my crypto to USDT once seeing the market is declining, which seems it works and saves me from losing. And re-invest once the market turns back high again. I believe this was a common practice to the majority and this genuine strategy will keep until forever. But of course, it was our own choice to which strategy we were able to use, holding/keeping your altcoins (even Bitcoin) is not a bad idea provided that you have the patience to wait until recovery comes otherwise, you may become tired and lose it. Jump to: