Topic: What to do with my crypto assets? - page 2. (Read 412 times)
Actually I prefer the 3rd option that you have listed, that is the best option for me, if you are going to convert it into fiat currency with 6.2k$ then for sure you won't earn from doing that, especially if you invest it when the price of the bitcoin is bigger than 6.2k$ as well as if you sell your coins to others. So take the risk mate, choose the third option, actually you won't lose if you do that because you are only going to wait for the price of the bitcoin to rise again so you may earn money.
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.
- 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.
Well the market can get worse than this but one thing is certain, the market will always find it's way back up and i can assure the cryptocurrency market has seen worse than this and it will overcome this. The decision is still left to you as all the options comes with consequences because you can convert all your assets to USD to be protected from the further dump but likely the market will bounce back and you will miss out on potential gains whereas if you continue to hodl, one thing is certain no matter how long it takes, the market will back up
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.
In this type of market you can either prepare for the upcoming Bitcoin halving or stop your loss, so this choice is yours to make and what you really are into crypto for will determine, I have buy back Bitcoin and I decide to hold for long term
It is too late for you to move to USDT, the market has collapsed and if you decide to sell everything at this time, you will definitely take a loss. I myself will not do that, I will continue to hold and wait until halving. Certainly the price of bitcoin will increase and it will also create an exaggeration for altcoin, patiently waiting a little longer to get a profit.
Best of all to invest in Bitcoin while it is cheap.
I don’t see much point in investing in USDT. Is that to save money.
We can only keep ourselves safe when investing in USDT, when the market collapses, USDT is the safest place we can hide because its value does not collapse like bitcoin. and altcoin. And I totally agree with you, invest bitcoin when it's cheap. If not in the future we will regret not missing this opportunityI don’t see much point in investing in USDT. Is that to save money.
In the previous bull run, many people failed to convert their asset to USDT, now most of the people got the attention about the cryptocurrency. Whenever the prices are increasing they are converting into USDT and grabbing the Bitcoin when the price of Bitcoin is decreasing. In crypto, not only trading, but fund management is very important.
In my opinion, i think it is good right now to convert our valued coins into usdt to become more stable, and convert again if the crypto market gets back and recovers. I also think that thua currenct market may give us sure profit in the future market if we buy more coins with its low cost now. It's good to take the risk and earn in the long run.
Now I would advise you just to wait, since in the future the cryptocurrency market will still grow and then you will can get a good profit, and if you like to take risks, then of course you can try investing in bitcoin, as the bitcoin pump is expected before bitcoin halving.
I will sell all of my crypto assets and not care about the future bitcoin or altcoin become most potential and higher price assets, many time I failed selling my coin because hope at the future will bring good price but I get many my assets delist from bigger exchange and price dump.
I chose the second and third options. the best right now is to look at opportunities that can make us profit, and owning bitcoin is one of them. after that, we need to hold in a certain period of time to be able to achieve these benefits. however, exchanging it in USDT forms is safe, but maybe you will be late in exchanging it when prices really go up.
The future is uncertain and it depends whether you have a steady source of income or how important crypto portfolio is to you. If you have a chance of steady income in coming days, then just budget accordingly and don't touch your crypto except for the alts.
As far as good alts are concerned, if it is not in the top 10 or has a community and a use case, it is most likely going to crash in coming weeks. The best option would be divide it all into BTC and USDT. When the situation normalizes, buyback whatever alts you think are worth it. Converting all into USDT too would be foolish as you cannot predict whether BTC will go up or down, or that you will be able to catch the bottom.
As far as good alts are concerned, if it is not in the top 10 or has a community and a use case, it is most likely going to crash in coming weeks. The best option would be divide it all into BTC and USDT. When the situation normalizes, buyback whatever alts you think are worth it. Converting all into USDT too would be foolish as you cannot predict whether BTC will go up or down, or that you will be able to catch the bottom.
The choice is yours to make, you will see some saying it's better to cut your loss and go USDT and others will say that Bitcoin halving is on the way so buy BTC and hold, to me they are both good advice but only you can know what's best for you
Best of all to invest in Bitcoin while it is cheap.
I don’t see much point in investing in USDT. Is that to save money.
We can only keep ourselves safe when investing in USDT, when the market collapses, USDT is the safest place we can hide because its value does not collapse like bitcoin. and altcoin. And I totally agree with you, invest bitcoin when it's cheap. If not in the future we will regret not missing this opportunity I don’t see much point in investing in USDT. Is that to save money.
Best of all to invest in Bitcoin while it is cheap.
I don’t see much point in investing in USDT. Is that to save money.
I don’t see much point in investing in USDT. Is that to save money.
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.
Now is not the time to move to USDT, the price has collapsed and if you sell everything, it means you have accepted losses in this market. If you still hold bitcoin and altcoin at this point, it's best to keep holding it and wait, plus buy more if you have a budget. - 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.
If you are not affraid about the lost then its better to do all of thw choices you given.
Sell all the tokens you have that you think is not good to hold for long term and convert those tokens to USDT and BTC.
Other altcoin that you think will give you high profit in the next bull run just hold it.
Sell all the tokens you have that you think is not good to hold for long term and convert those tokens to USDT and BTC.
Other altcoin that you think will give you high profit in the next bull run just hold it.
Why not save some for your needs if you are worry of losing some of your btc. Some suggest to buy more and even hold but everyone here dont have the same situation where people need funds. Emotion also is bit hard to control cause I know the feeling of losing huge value from our asset. Anyway, If your working now, better to spend your fiat with your needs, and only take what can you afford to lose by holding btc. It will never be a bad decision if you do since there is a crisis.
This is easy, my advise would be either of the two.
If you have no problems selling them, then why sell? you have to keep them as much as possible but be also prepare to lose. But if you think that we're dropping more soon, spare yourself from the drop and cash out your money. Thinking long term will make you hold or buy more bitcoins.
- 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)
- Hold all coins & consider to buy more (high risks but potential for bigger profits once market rises)
If you have no problems selling them, then why sell? you have to keep them as much as possible but be also prepare to lose. But if you think that we're dropping more soon, spare yourself from the drop and cash out your money. Thinking long term will make you hold or buy more bitcoins.
The current situation is still uncertain, nobody knows if the condition will still get worse. In our country the pandemic is starting to kick-in and the number of people dying and infected is increasing as time goes by. If this goes on, scarcity of supplies will soon occur. In regards to investment, long-term goal will give you better output. Just invest what you can while the market is at the current state.
- Hold all coins & consider to buy more (high risks but potential for bigger profits once market rises)
If I consider and may I advise you for now the third option is a good step you take.Of course there are risks as you mentioned, but have a pretty good opportunity for the future, no one knows for the future, but sure crypto in the future everything will improve.
For now I myself do the third point method you mentioned, but do not expect, just look forward to the next one or two years, hopefully experiencing a positive risk, and be a good step for me in the future.
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