Topic: What to do with my crypto assets? - page 3. (Read 383 times)
Even the US economy is crashing. If you are not going to use your money or not needing an emergency fund why would you need to convert it. I think it is too late to cut your losses. Why not buy the dip if you still have excess funds for investments. The market will eventually recover, take this opportunity.
I think the best thing to do is to split the money, the half of my money is converted to bitcoin and the leftover is for the day to day expenses, because we are in seasons of total illness and its very hard to go out.
in fact, many people in the world are affected including the traditional market.so I keep my asset away from the risk.
in fact, many people in the world are affected including the traditional market.so I keep my asset away from the risk.
I would suggest you to go with the first option because this COVID-19 has already damaged the market and thing are getting worse everyday, not sure when the market will revert back. So it's better to convert your assets to USDT else invest in BTC or ETH because these two coins have strong potentials to come back even if some disaster happen. Think and plan accordingly.
I'm not a fan of hedging my assets to USDT.
If you are really looking for term, I would suggest that you put everything in BTC. I'm pretty sure that we all know that halving is coming as you have said, so there's a possibility for the price of BTC to pick up regardless of Covid-19 or not. It might take a long time for the bull run to happen though, but I predict that it will eventually happen. So you can't go wrong hedging your crypto assets to BTC. Best of luck to your decision.
If you are really looking for term, I would suggest that you put everything in BTC. I'm pretty sure that we all know that halving is coming as you have said, so there's a possibility for the price of BTC to pick up regardless of Covid-19 or not. It might take a long time for the bull run to happen though, but I predict that it will eventually happen. So you can't go wrong hedging your crypto assets to BTC. Best of luck to your decision.
Bitcoin halving is very near so I will choose option 2, Bitcoin price will surely increase after halving and when the Covid-19 ends, Bitcoin will come into a bull trend. However, as you said, this is uncertain situation, price may continue going down, so i advice you should keep 50% USD and 50% Bitcoin.
In my opinion more realistic points 2 and 3 because learning from the previous period every halving will definitely push up the price so we have preparation. For point 3, if you have capital, why not, take advantage of the big discount at this time because the price of altcoin will definitely boost up later, following the price of bitcoin.
if I have more money I will buy and wait until the price recovers because I am sure that in the future bitcoin and other altcoins will return to high prices, and we know that cryto has decreased several times like this so use it well
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I would suggest to do the second if you are very much worried about your asset. Converting all into Bitcoin is always a good idea. Halving is on its way and soon we can expect a little pump atleast before it taken place. No worries man, this will never exist forever.
Either hold your cryptos or convert them to btc. But remember, if the halving triggers a bull run, it's vey likely that the entire market will skyrocket, not just BTC. I'm saying this because you're considering converting your entire portfolio to btc which doesn't sound like a good idea (you minimize risks by diversifying).
Converting to USDT to decreases losses? You won't lose anything if you don't sell/dump your coins. Hold them tight and you'll be preventing losses. Market will eventually recover.
Converting to USDT to decreases losses? You won't lose anything if you don't sell/dump your coins. Hold them tight and you'll be preventing losses. Market will eventually recover.
before we several step above , we must analize market in future. is it will continue drop or maybe already hit the bottom. i am just worry if we already convert to usdt or btc market move againts our expectation and we will loss our money. do the step carefully so we will get best result from current condition. but convert to bitcoin was be best choice, we should not worry about its price in future.
The best time to convert to USDT was just as the massive drop was about to start all the way from $8200. Best thing for me personally is to buy more BTC as we wait for the halving (that's what I am doing with my reserve cash) 
Even if BTC drops to $3K, i won't lose that much since I am an active day trader.
But you know what? Just do what you feel is within your means buddy.
Even if BTC drops to $3K, i won't lose that much since I am an active day trader.
But you know what? Just do what you feel is within your means buddy.
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?
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?
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.
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