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
Topic: Stick to altcoins or switch to Bitcoin or stablecoins? - page 7. (Read 1154 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.
Not a financial advice, but for me, if I am with bitcoin, then I hold my bitcoins because like we all know, this thing can't be predicted and sometimes, the market might just be waiting for you to sell before the parabolic move starts, which causes one to end up regretting the decision of selling, so I honestly don't really care about the market movement once I've invested, be it in bitcoin or altcoins, I only convert to usdt, money I plan on withdrawing to my local bank account in no long time while I monitor the market.But on a investment I've kept for long term, I normally don't care which way the market is going, I always hold tight until my target or my set period/time.
we can see the traces of bitcoin's journey even though there is a decline in the end the price will rise again and even exceed the highest price before the decline occurred, it's good to take advantage of this decline to make a reversal to grow ownership.
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.
Not a financial advice, but for me, if I am with bitcoin, then I hold my bitcoins because like we all know, this thing can't be predicted and sometimes, the market might just be waiting for you to sell before the parabolic move starts, which causes one to end up regretting the decision of selling, so I honestly don't really care about the market movement once I've invested, be it in bitcoin or altcoins, I only convert to usdt, money I plan on withdrawing to my local bank account in no long time while I monitor the market.But on a investment I've kept for long term, I normally don't care which way the market is going, I always hold tight until my target or my set period/time.
Stablecoins --- protecting yourself from volatility
Altcoins - could potentially give you 10-100x
Bitcoin or top ranking coins- Established ones which could potentially good for long term aspect.
Its situational and does depend on what goal or target you do have in mind in towards your cryptocurrency investment.
So its a personal choice to make.
I believe that people are confusing the word "altcoins" with bottom market cap stuff. ETH is an altcoin as well and you are not going to get x10 to x100 with it. Sure you could make a little but not a lot with it. So that means we are talking about second ranked coin as well as 2000th ranked coin at the same time. I would say buying top 20 coins with the 80% part of your investment, along with 10-20% saved on liquidity at USDT or BUSD or whatever you want to use as stablecoins is fine.Altcoins - could potentially give you 10-100x
Bitcoin or top ranking coins- Established ones which could potentially good for long term aspect.
Its situational and does depend on what goal or target you do have in mind in towards your cryptocurrency investment.
So its a personal choice to make.
I have around 30% to 35% on btc, and around 50% of it on top 10, stuff like eth, bnb, sol etc etc and rest is saved in cash right now even though it is not a lot. That's good, but doesn't mean I would suggest "altcoins" in general, just the big name ones.
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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.
Not a financial advice, but for me, if I am with bitcoin, then I hold my bitcoins because like we all know, this thing can't be predicted and sometimes, the market might just be waiting for you to sell before the parabolic move starts, which causes one to end up regretting the decision of selling, so I honestly don't really care about the market movement once I've invested, be it in bitcoin or altcoins, I only convert to usdt, money I plan on withdrawing to my local bank account in no long time while I monitor the market.But on a investment I've kept for long term, I normally don't care which way the market is going, I always hold tight until my target or my set period/time.
Stablecoins --- protecting yourself from volatility
Altcoins - could potentially give you 10-100x
Bitcoin or top ranking coins- Established ones which could potentially good for long term aspect.
Its situational and does depend on what goal or target you do have in mind in towards your cryptocurrency investment.
So its a personal choice to make.
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'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.
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.
If you want more stress and you know when to convert into stablecoins then do it.As for me, switching into one coin into another coin will just give me more stress than just by holding it. Well, holding when it dumped is only applied when you are just holding top coins since there will be time that these coins will go higher.
After all, we have different strategies when investing into altcoins and crypto in general and for me just holding when it dump is a better strategy.
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 price dropped below $50,000 several times and still got back above that again. Maybe you can just invest in bitcoin and hold it. Although another thing is that we don’t know how long this bearish trend is going to last;is it going to continue for a long time, and would the market still remain stable or keep dipping. But, that’s the risk that we talk about, and anyone who is in the market must have made up their mind to take that risk no matter what would be the result.You can still invest in just a few altcoins, especially the top ones and then invest the rest in bitcoin; majority of your investment should be going to bitcoin.
The market remains unpredictable as always and not knowing when will the market will recover is a challenge for us. And i guess only strong hands will succeed in the end as they always chose to stay calm and focus.
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 price dropped below $50,000 several times and still got back above that again. Maybe you can just invest in bitcoin and hold it. Although another thing is that we don’t know how long this bearish trend is going to last;is it going to continue for a long time, and would the market still remain stable or keep dipping. But, that’s the risk that we talk about, and anyone who is in the market must have made up their mind to take that risk no matter what would be the result.You can still invest in just a few altcoins, especially the top ones and then invest the rest in bitcoin; majority of your investment should be going to bitcoin.
This is totally up to you. If you think the market is going to dip/crash more, then you can convert your bitcoin to a stable coin and then buy back your bitcoins at a cheaper price. It has its own risk and you will have to time the market properly. One mistake, you might end up making a huge loss. What if the market doesn't dip anymore and the price starts to rise fast? Then you will have to keep on waiting for the price to crash or go back to the point at which you sold your bitcoin. And no, don't convert it to altcoins. Most of the time, when bitcoin crashes, altcoin crashes even harder. So, that would be a bad idea. Or just keep holding. When it crashes, invest as much as you can.
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Stablecoins --- protecting yourself from volatility
Altcoins - could potentially give you 10-100x
Bitcoin or top ranking coins- Established ones which could potentially good for long term aspect.
Its situational and does depend on what goal or target you do have in mind in towards your cryptocurrency investment.
So its a personal choice to make.
This!Stablecoins --- protecting yourself from volatility
Altcoins - could potentially give you 10-100x
Bitcoin or top ranking coins- Established ones which could potentially good for long term aspect.
Its situational and does depend on what goal or target you do have in mind in towards your cryptocurrency investment.
So its a personal choice to make.
We have different strategies on how we approach each coin/token. I've split mine into large, medium, and small caps. I never go all in on BTC or alts because I don't want to miss out potential massive gains and also protect myself from extreme market dumps.
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.
some altcoins like matic have held it's price better than bitcoin in this mini bear market. 
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.
Stablecoins --- protecting yourself from volatility
Altcoins - could potentially give you 10-100x
Bitcoin or top ranking coins- Established ones which could potentially good for long term aspect.
Its situational and does depend on what goal or target you do have in mind in towards your cryptocurrency investment.
So its a personal choice to make.
...I can understand some people converting their coins to BTC when they feel the market is not doing well which is understandable but converting to stable coins is basically the lack of your confidence in your own investment.
The moment when traders and investors start selling bitcoin and buying altcoins is always a sign of the beginning of the altcoin season. And we are already observing how the dominance of bitcoin is declining. But this decline should not be accompanied by a drop in the value of the main cryptocurrency.
Generally, I don't take the risk to convert my coins to any other coin because we never know which coin will rise any day but some people do it when they think the market will dump they convert their Alts holding in BTC because Alts bleed more than BTC when BTC drops and recovers only when BTC rise again so much of the things depends on the BTC value. If you are sure-shot Altcoins will dump then it is a wise decision to convert your Altcoins to the Bitcoin or some people rely on USDT only because it remains to a fixed value so that one can buy more coins when the market dips so Stable coins is the best option when you know there will be a dip for sure.
I don't understand why people stock coins they don't believe. To me, converting your coins into stable coins shows that you are just not confident enough in your investment because if anything these stablecoins is never going to rise in value. And if you are converting your coins into them it shows you are afraid the project has no hope and you are not confident in it.I can understand some people converting their coins to BTC when they feel the market is not doing well which is understandable but converting to stable coins is basically the lack of your confidence in your own investment.
I will be in altcoins, even almost a year I don't have bitcoin, I think bitcoin is boring because the price looks stagnant, in contrast to altcoins which have the potential to skyrocket in a short time, BNB, MATIC, Cardano and so on have better and more profitable potential than bitcoins.
But this will only happen if bitcoin continues to grow and the market is bullish. In this case, if you have chosen the right coin for investing, it is guaranteed to give more profit than BTC. But if the market turns bearish, then your coins will depreciate more than BTC.I will be in altcoins, even almost a year I don't have bitcoin, I think bitcoin is boring because the price looks stagnant, in contrast to altcoins which have the potential to skyrocket in a short time, BNB, MATIC, Cardano and so on have better and more profitable potential than bitcoins.
But this will only happen if bitcoin continues to grow and the market is bullish. In this case, if you have chosen the right coin for investing, it is guaranteed to give more profit than BTC. But if the market turns bearish, then your coins will depreciate more than BTC. 
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.
Yeah, you are right and it seems that bitcoin already started its recovery phase hence it may not be the right to think about to think about to sell off unless you are already into profits. If you are already in profits with your altcoins then you may start booking profits in bitcoin as bitcoin may set a new ATH around $100k in coming months.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.
Your plans are sounding too good as most crypto investors never plan up like that (or at least I never do with my altcoins stash). Only bitcoin enters into bearish trend, you may think about stablecoins until then either continuing with altcoin or converting into bitcoin might be a wise decision as per current market conditions.
I will be in altcoins, even almost a year I don't have bitcoin, I think bitcoin is boring because the price looks stagnant, in contrast to altcoins which have the potential to skyrocket in a short time, BNB, MATIC, Cardano and so on have better and more profitable potential than bitcoins.
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