I traded 80% alts to BTC, like 20% each time when it hit my target, and keep 20% for long term. It depends on you, my friend keeps the alts he bought 2 years ago, and only sell them when he needs the money (and he makes the most unrealized profit). I like Zcash, but I like Bitcoin more, just to say.
What you are saying is a very good thing because it is also a good strategy for other people to try, even though everyone has their own way of doing their job in crypto, generally trying new strategies won't be wrong in my opinion. 
Topic: What to do with nonsignificant altcoins (Read 955 times)
Monero and XLM are significantly well known and well adopted, I thought you are talking about altcoins under top 100 on coinmarketcap, if you have any altcoin that's not very popular and have low value on the market it's better you hold them, dead cats can bounce back to life in this bull season
That's right, because I see that many popular and unpopular Altcoins have reached their ATH earlier this year, especially this month, so whatever tokens are already in the market, it's still better to hold, because there are many people who have regretted the result of it being faster releasing popular coins in the previous month. ~
They're called altcoins for a reason. Those mentioned coins are your alternatives if you want to trade/invest aside from Bitcoin. There's only one Bitcoin.
Altcoins have lower price than Bitcoin per coin making it an opportunity to buy, in case that money is a bit tight right now while still being able to earn a bit though I would advise some people to don't think of loaning and/or investing if you don't really have the money right now.
I traded 80% alts to BTC, like 20% each time when it hit my target, and keep 20% for long term. It depends on you, my friend keeps the alts he bought 2 years ago, and only sell them when he needs the money (and he makes the most unrealized profit). I like Zcash, but I like Bitcoin more, just to say.
Monero and XLM are significantly well known and well adopted, I thought you are talking about altcoins under top 100 on coinmarketcap, if you have any altcoin that's not very popular and have low value on the market it's better you hold them, dead cats can bounce back to life in this bull season
Looking at the situation of things general now, one could decide that any coin with no value is definitely a non sign- ificant coin. I can but wonder why the project team have to build a coin only to disappear into a tin air. Worth a waste og time anf resources. Presently, I think we have more than a thousand coin with different utilities. Some coping another projects or even just coming out because of their personal gain. Not primarily because of providing a solution. That's why many projects can't stand the test of time. Only good projects with prospect trives. I believe there should be a regulatory body to regulate this before coins becomes more than what we can count.
I'm talking stuff like Monero, XLM, etc. With BTC so high, does it make more sense to trade them for BTC, or for USD?
In the usual trend. Bitcoin has always been a pioneer in the market. Back then, we were always hesitant to target bitcoin. So, in this situation, XLM, LTC, DASH, DOT, ADA can all gain good benefits if in a supporting trend. Another way, when the funding is in deficit due to losses, these options are also optimal for me. All of these are very important altcoins.I'm talking stuff like Monero, XLM, etc. With BTC so high, does it make more sense to trade them for BTC, or for USD?
It depend on the holders of the coins dude, Because we had our belief in the altcoins. Just like for example, I like Bitcoin, Ethereum, Dot, Nem, Link, Ada and Vet, these are all good to me, but not Xlm and Monero, Though I am not saying they are not good to hold in the long term neither in short term trading, of course not.
ethereum. And no one will argue with this, because already this year we expect a fairly large-scale growth of these cryptocurrencies. But you also should not forget about other cryptocurrencies if a person has good capital, at least which are in the top ten of the coinmarketcap rating. In addition, each user has their own preferences for new projects that can show quite good results, such as AME and YOUC.
I would trade them for the altcoins that are the darling of the moment - things like Compound. We are in a massive pump for DeFi and there is serious profits to earn from it.
If that's too risky i would trade for Ether rather than Bitcoin. Ether is up around 60% for the month while bitcoin is up about 17%
If that's too risky i would trade for Ether rather than Bitcoin. Ether is up around 60% for the month while bitcoin is up about 17%
yes, the price of bitcoin is very high and we are hesitant to trade altcoins using bitcoin. if in my opinion it is better to trade using usdt, that's better and the risk is also small. because I see bitcoin going downhill, so avoid trading using bitcoin.
really? bitcoin going downhill? why do you say so?
If you don't need the money urgently, I would simply hold them. We can't be sure whether the project gets resuscitated at a later stage and possibly there will be more dynamic trading. Selling an alt coin totally for a couple of bucks isn't actually a good thought for me. Holding coins doesn't actually cost us anything. But everything relies upon your investment guideline. For me I am all the more a drawn out investor.
if you will be holding long term, better closely follow the developments of those alts that you are holding. because if you feel that it is not going anywhere, better sell it off before it is too late. not all alts are good for long term holding.
Continuously be cautious trading all these old Altcoins for bitcoin, if you take a gander at a large portion of them in bitcoin outline you will see that it is smarter to hold on to your bitcoin, the play presently is the Defi tokens, there is no sack holders yet until we experience bear market when individuals will petition God for price to return to where they got them at first
Didn't expect to see monero and others to be classified as nonsignificant/ insignificant but if we compared these to stable coins in terms of investment they are worth every dollar of investment than seeing them hold there dollar pegged price that doesn't change even if bitcoin was to hit 100 thousand dollars or for arguments sake a million dollars. So what to do with these altcoins,well hodl.
Probably is I bought these coins when they were worth more, so trying to determine if I can reduce losses by trading them for BTC, which may continue to go up, or just cash out
Its better to wait if u still believe the coin will go up, you will regret if u sold in loss and realize u can take profit in the future.
Furthermore, your coin which you hold is not a shitcoin.
I'm talking stuff like Monero, XLM, etc. With BTC so high, does it make more sense to trade them for BTC, or for USD?
everyone trades only to seek greater profits. so before you take the decision to exchange the coins you have for bitcoin or usd, it's better if you look for a variety of altcoin information that might experience price increases in the future so you can make bigger profits. because we can get benefits from any coin as long as we are not wrong in choosing an altcoin for us to make as an investment.
But that choosing on what you had mentioned would really be definitely not an easy thing to be done.Choosing which one or coin would increase in the future?
Everybody does really have this kind of question in mind.What to do with nonsignificant coins?Just simply ignore them and choose on what is the best
basing in your own analysis and this will really be different among each of everyone because we do have our own decisions and takings on things that we are
engaging into.If you do look that you might be getting some profits on a certain coin then go ahead, it does always accompanied with risk.
I'm talking stuff like Monero, XLM, etc. With BTC so high, does it make more sense to trade them for BTC, or for USD?
for now it's better to hold on to USDT than bitcoin because I think the price of bitcoin will fall back down again in the next few days before it goes up again to reach its highest price. and conditions like this have happened in early 2017 to 2018. and I have experienced conditions like this. so I try to advise you to stay on USDT until the price of bitcoin goes up again.
It is very difficult to answer if what happens in your trading altcoins are not significant, it means you have to take a more satisfying attitude, xlm, monero and other coins are starting to rise because the price of bitcoin is already high with the rise of bitcoin can pump up other altcoins now that you can do replace Same as BTC or USD depending on your own choice
The crypto market always running with ups and down. All of the coins will be a potential and profitable, it is not a natural business concept. There is in the coinmarketcap a huge amount of coins are carrying a nonsignificant mark and on the other hand some a few of coins are a very potential and merchantable coins in the crypto industry. So, you like to do with nonsignificant coin which is your wish.
leave it alone, maybe someday it will surge 
Sure, probably you will end up as a skeleton in line waiting for that long. If you have already learnt the art of necromancy then maybe go around collecting all the shitcoins out there and be in a profit in somewhere down the future. 
Seen the same shitshow with ICOs/IEOs and what not. It all different names given to the same methods of fooling people because the first project that used this method of put themselves out made a name. Legit project is a dream in this sector. Only bitcoin is what needs to be traded.
If it's about taking profit then it's a good idea which makes you accumulate more Bitcoin. But the easiest way to do that is to invest in good altcoins especially if your capital is not much. You can build your btc portfolio by taking alts profit to it.
I dont think the term "good altcoin" has a large number of names in it. Probably a handful if you ask me. That too if you are lenient enough to give your hard earned money to these projects and hope that they become big. Instead putting the money in sectors other than crypto is more profitable. For crypto related investments, bitcoin is enough. The long term value of any altcoin is close to zero.As I have seen here in crypto throughout the years, it is better to convert your alts to btc and just hold btc. Because most alts will die down or else they will become worthless as time goes by. Only few alts can actually survive in the market. So if you want an assurance that your coin is still valuable, then better convert it to btc.
leave it alone, maybe someday it will surge
Sure, probably you will end up as a skeleton in line waiting for that long. If you have already learnt the art of necromancy then maybe go around collecting all the shitcoins out there and be in a profit in somewhere down the future. Seen the same shitshow with ICOs/IEOs and what not. It all different names given to the same methods of fooling people because the first project that used this method of put themselves out made a name. Legit project is a dream in this sector. Only bitcoin is what needs to be traded.
If it's about taking profit then it's a good idea which makes you accumulate more Bitcoin. But the easiest way to do that is to invest in good altcoins especially if your capital is not much. You can build your btc portfolio by taking alts profit to it.
I dont think the term "good altcoin" has a large number of names in it. Probably a handful if you ask me. That too if you are lenient enough to give your hard earned money to these projects and hope that they become big. Instead putting the money in sectors other than crypto is more profitable. For crypto related investments, bitcoin is enough. The long term value of any altcoin is close to zero. 
If it's about taking profit then it's a good idea which makes you accumulate more Bitcoin. But the easiest way to do that is to invest in good altcoins especially if your capital is not much. You can build your btc portfolio by taking alts profit to it.
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