What to do with my crypto assets? | Bitcointalksearch.org

Rengga Jati

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Guys, I have read all your replies, I'm quite surprised that many people involved. Thank you so much. Wink

According to your replies, most of you suggest choosing option 2 and 3. Option 1 is still not needed since we are still in good progress of market improvement. Moreover, USDT won't gain big profits in the future. I can say that I agree with that, so I assume to hold and plan to buy more with my extra funds if it seems at a good time to pick new assets. Once again, thanks for your suggestion, guys. <I'll lock this thread>

Quote from: umbara ardian on March 30, 2020, 01:53:27 AM

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Quote from: rathaha10 on March 30, 2020, 05:50:30 AM

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Quote from: 0verseer on March 30, 2020, 09:24:46 AM

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Guys, please don't quote all the body of the thread. It is not needed and only makes your reply looks bad. <Don't do it again in the next occassion>

Hellkas

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I think that the best strategy is holding and waiting for news. If you are afraid to lose your assets, you should to convert it in USDT, I`m sure it`s not the lowest price what we will see, so you will have time to buy your favorite crypto again

gundala

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I prefer to divide it by a certain percentage, of course, the most dominant is the second way, for example, 50% hold BTC, 25% for other potential altcoins, and the rest as a reserve if there is an emergency need, moreover we are in a crisis. We also need to prepare funds for sudden needs. The most important thing is that we know the proportion of needs and which should be prioritized. If it's profit, you have to be thankful, if you lose, look for another opportunity. It's actually simple, minimizing expectations and not being greedy.

leowonderful

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Bitcoin FTW!

If there's no way you can possibly withdraw all of your assets to some fiat currency like USD, then I suppose USDT would be an okay alternative; Tether's got a pretty rocky history and I don't like it personally, but it's held up so far and people still seem to trust in it. The coin also hasn't fluctuated too significantly from its target price of $1 to date yet (though it has on a few occasions), though there's no telling if it'll stay like this.

If you're already nervous about the markets, it's not a good idea to stack on even more risk for a reward that you might not even see, which is why I'd eliminate option 3 from your decisionmaking. The other two are completely up to you.

sorrros

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ludenaprotocol.io

Better is hodl everything what you have, you prevent possible loss that could come with with unexpected growth and buy more if crypto continue falling down. Cool

Remember 1 BTC was, is and will be 1BTC. Wink

brokenrecords

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Check out TemTum, in talks with countries to provide them with a stable digital national currency.
Official announcements to follow in the next few months

Review Master

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BitByte Crypto: https://link3.to/bitbytecrypto

Quote from: Rengga Jati on March 29, 2020, 06:27:26 PM

- Hold all coins & consider to buy more (high risks but potential for bigger profits once market rises)

I think , this option is better if you analysis the current market and just make a prediction for the future as well as it's have high risk. But you should not panic and be patience.Only last and most important things to remember, "We should do our own homework to make good profits , not depends on other homeworks". Cheesy

matchi2011

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Buy $BGL before it's too late!

Quote from: Dart18 on March 30, 2020, 01:05:54 PM

I prefer the 2nd option.
Put it all in BTC.
With this low price, you know where it is going next.
There is no doubt about that even with all the viral virus that is surrounding the world.
Soon, everything will be back to normal and I am guessing people will start to realize how much they need a digital currency on their smartphones.

Good for people who can afford to wait and have good amount of money to invest but for someone who aren't sure it's best to keep doing good
research and understand everything before concluding and deciding.
Every decision are very important right now you shouldn't be careless or you'll lose everything.

crypto595

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During this pandemic Digital money is the perfect solution - no touching, no transmission.
Digital currencies such as Tem which are actively in talks with governments to provide them with a national digital currency are going to come out of this stronger than ever.
TemTum is going $1+ when the economy settles and announcements about partnerships with governments are announced.

Dart18

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I prefer the 2nd option.
Put it all in BTC.
With this low price, you know where it is going next.
There is no doubt about that even with all the viral virus that is surrounding the world.
Soon, everything will be back to normal and I am guessing people will start to realize how much they need a digital currency on their smartphones.

CryptoBik

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Also faced in the current situation with a similar problem. If we consider your options for overcoming the problem, then I would divide all available assets by 33.3% and “process” each part according to your options. So it turns out even safer in my opinion.

thiscomm

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indeed the economy for now with the spread of the corona virus is increasingly making the economy deteriorate and even has a big effect on crypto. and many people have said to be prepared because the worst possibility of this virus is the global crisis. but the rise of bitcoin in the following year has already been said, so buying bitcoin and storing it until next year is the best step to keep bitcoin prices. buy a little at a time every day because it helps keep prices stable.

btcltcdigger

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To boldly go where no rabbit has gone before...

Quote from: Mighty_crypt on March 30, 2020, 09:34:40 AM

Quote from: btcltcdigger on March 29, 2020, 06:51:55 PM

Personally, i try to stockpile as much btc, eth and gold/silver.

I hold some alts, many good, many shit, but majority is in those 3 options above.

When the recession hits, USDT will still be worth $1, but ask yourself, how much will $1 be worth?

Don't get things mixed up, USDT will be worth $1 because it's a stable coin, the only reason why it's important to hold stable coin is to cut loses, Bitcoin and other coins will lose value and once this happened you can buy back with USDT which will give you more quantities of sats

I see you don't get my point. USDT will be worth $1, but the question is what will $1 be worth at the moment a crysis hits.

One american dollar represents a value measured in gold (atleast that's the general idea), and it can also collapse

Mighty_crypt

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Quote from: btcltcdigger on March 29, 2020, 06:51:55 PM

Personally, i try to stockpile as much btc, eth and gold/silver.

I hold some alts, many good, many shit, but majority is in those 3 options above.

When the recession hits, USDT will still be worth $1, but ask yourself, how much will $1 be worth?

Don't get things mixed up, USDT will be worth $1 because it's a stable coin, the only reason why it's important to hold stable coin is to cut loses, Bitcoin and other coins will lose value and once this happened you can buy back with USDT which will give you more quantities of sats

0verseer

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Quote from: Rengga Jati on March 29, 2020, 06:27:26 PM

In this bad and uncertain situation, I'm thinking to do something with my crypto assets. However, I don't know what the best way is to secure my crypto assets. Actually, I have some options but don't know which one is the most appropriate:

- Convert all my coins to USDT (prevent more losses)
- Convert all my coins to BTC (prepare for halving)
- Hold all coins & consider to buy more (high risks but potential for bigger profits once market rises)

In your point of view, what is the better option to do for now?
I'm a bit afraid to see the progress of Covid-19 spread and the world economy is getting worse. Those factors are indeed affected crypto market, we can see that crypto market was experiencing bearish during the Covid-19 spreading around the world. I cannot imagine if this situation will continue until the next year. We need bigger funds to buy everything to survive, whereas we cannot go everywhere to work and earn money.

Perhaps you should share how your current situation was. Most people had to stay home, off the workplace and this makes everyone try to convert all their assets to money for foods, rents,...
I think it's not a good time to sell because of this, more sellers than buyers > low price. If you have savings, emergency fund to cover for this hard time then you don't have to sell your assets.
You could also do a split to reduce the risk but lower profits :p

bison

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SmartFi - EARN, LEND & TRADE

Quote from: bussybuddy on March 30, 2020, 07:13:03 AM

Quote from: bittraffic on March 30, 2020, 05:15:48 AM

Its almost too late for dumping. But if you think the price can still drop below $4000, you'd be very lucky to dump right now and price dips $4000.

If you are like one of those trap because your city is locked down due to ncov, you might wanna sell for cash because you need to panic and buy the food and items needed for probably months.

Even if bitcoin falls to $ 4,000 in the future, he shouldn't sell it. Invest in bitcoin in the long term and I believe its price will recover soon in the future. A few weeks ago I bought some bitcoins for $ 3800 and now the price of bitcoin has recovered and I'm quite happy with the profits.

trust becomes the main capital in investment, especially for assets such as bitcoin. of course, there is no doubt about holding it in, but sometimes panicking when seeing the market go down makes us sell it. It all depends on how we overcome our emotions in investing.

Malam90

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Strategy depends on your coins which you are holding. If you are holding ETH, XRP and few top altcoins, i think you should hold it until you cover losses but if you hold shitcoins, it is better to convert either BTC or USDT. I have lost my money in shitcoins which is no longer value in the market but if i could convert to BTC or USDT, now i can save 80% of my investment. So decide carefully before going to face huge losses.

noorman0

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[Nope]No hype delivers more than hope

Take advantage of this bearish market to stay profitable. This is more towards the 3rd option but not completely.

Quote from: Rengga Jati on March 29, 2020, 06:27:26 PM

- Hold all coins & consider to buy more (high risks but potential for bigger profits once market rises)

I call it, selling to buy back before things recover.
Let's say I carry 0.1 BTC from a price range of $8k^. And now for only $6k, I have to bring back more than 0.1 btc before reach at least $7.5k.
So, I no longer care about my BTC value to $ and I'm just thinking of increasing the quantity of BTC without spending additional caps, just utilizing my existing BTC.
However, this requires monitoring at all times, so if you are not an active trader or have other activities, it is not recommended to do this. BTC price can recover anytime in a short time.

bussybuddy

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Quote from: bittraffic on March 30, 2020, 05:15:48 AM

Its almost too late for dumping. But if you think the price can still drop below $4000, you'd be very lucky to dump right now and price dips $4000.

If you are like one of those trap because your city is locked down due to ncov, you might wanna sell for cash because you need to panic and buy the food and items needed for probably months.

Even if bitcoin falls to $ 4,000 in the future, he shouldn't sell it. Invest in bitcoin in the long term and I believe its price will recover soon in the future. A few weeks ago I bought some bitcoins for $ 3800 and now the price of bitcoin has recovered and I'm quite happy with the profits.

CryptoYar

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Quote from: Rengga Jati on March 29, 2020, 06:27:26 PM

- Convert all my coins to BTC (prepare for halving)
- Hold all coins & consider to buy more (high risks but potential for bigger profits once market rises)

I think these two points should be followed.
if someone buys BTC from a fiat currency, it would be much better IMO

Topic: What to do with my crypto assets? (Read 383 times)