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?
Although the price of some altcoins has increased in the current altcoin season, the price of some altcoins has not increased much. You can observe the market deeply. I think it would be better to sell those coins when you have some profit. You can buy Bitcoin or Top Altcoin. This will benefit you more than all these coins. 
Topic: What to do with nonsignificant altcoins - page 3. (Read 955 times)
It is a confusing choice if we choose the wrong coin that does not give a significant increase, but it is our risk without doing good research and analysis before choosing it.
and I personally will save it and be patient even if it has to wait a long time, because no one knows that in the future it will improve significantly.
besides I still hold insignificant coins, I will move on to other coins that have the potential to increase significantly, especially bitcoin.
and I personally will save it and be patient even if it has to wait a long time, because no one knows that in the future it will improve significantly.
besides I still hold insignificant coins, I will move on to other coins that have the potential to increase significantly, especially bitcoin.
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?
These coins are not important? I think XMR, Stellar .. are quality altcoins in the market. they all have their own characteristics of trust to hold in the long run. Based on the trust of each user, you can choose your own purpose to get profit target. Bitcoin is always ahead. I only swap out altcoin if bitcoin falls lower.
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 current situations i think its better to exchange all kind of non significant altcoins to other altcoins such as polkadot and ethereum or you can exchange it to bitcoin not to usd my friend
or you can hold it, if you believe some day thus non significant altcoins will growing hard buddy
He can do better than it.
if you buy high and experience a loss, it's better not to rush to exchange it, because usually the coins you buy will come back to that price, it only takes time, if indeed the decline continues, it's better to immediately sell, and buy again at a cheaper price
I agree with this opinion, you need to hold longer and determine maximum loss for your investment. Also you may see coincalendar or any roadmap of that stuff, so you have some overview about the future of the project. Hope you have luck for whatever decision that you will take.
Many now that altcoins have not increased significantly, it is better if these altcoins are traded immediately into Bitcoin or altcoins which are
proven to increase significantly. Because if we keep holding altcoins with no significant upward progress, will only waste the capital that we use
to buy these altcoins. The basic rule of investing is to look for assets that do provide significant returns. So always do research and analysis
before deciding to choose coins for investment, so we won't invest in non-significant altcoins.
proven to increase significantly. Because if we keep holding altcoins with no significant upward progress, will only waste the capital that we use
to buy these altcoins. The basic rule of investing is to look for assets that do provide significant returns. So always do research and analysis
before deciding to choose coins for investment, so we won't invest in non-significant 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?
Its based on whats your strategy when u buy that stuff. If your strategy is to have profit with a long term investment then its not make any sense to trade them for BTC even USD since in my opinion XMR or XLM may have surprise us in the future. But If you only buy it for a short term, maybe trade them for BTC should be nice, there will be some opportunity to buy more XMR and XLM when its hit their dip price. The decision in your hand bro, may some luck on it.
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 current situations i think its better to exchange all kind of non significant altcoins to other altcoins such as polkadot and ethereum or you can exchange it to bitcoin not to usd my friend
or you can hold it, if you believe some day thus non significant altcoins will growing hard buddy
I got screwed hard. My Monero is on binance.com, but because they no longer support the US, I can't trade on that platform and can't transfer it to the US platform for whatever reason. I have other coins on binance.com that are also in limbo. Is my best bet to try to find other platforms that will allow me to transfer coins from binance.com? Doesn't look like it's worth very much anyway
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?
Why do you refer to those tokens as nonsignificant? I think that is not right. What is nonsignificant altcoins are those tokens that do not have sustainable programmes and focus and we can see them disappear once they are put on exchanges. Monero and Stellar are great tokens which may be having low moments now but that does not put them as bad tokens.
OP if you move your coins into Stable coin you've automatically halt any profit making, hope you know this already? Also will you be able to feel good if Monero and XLM pumps higher in future? The problem here is you don't actually know what you want, an investor must have a target, so when that target arrives just take your profit and leave for another day
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?
The USD part is where I'm confused, are you willing to change to FIAT because you've earned enough profit or you want to change to FIAT because you are scared of dump? Well that's a question you can answer within you, every investors must have a threshold of ROI they want, we can't predict where the market is headed, changing to USD will safe you from dumps but holding Monero and XLM will give you more profit in future, the choice is yours to make in the end 
here we see that you have doubts about altcoin, and therefore it is better if you immediately exchange them for stable coins, USDT, USDC or DAI. because to avoid price volatility, it is likely to be very risky if it is stuck in an unstable altcoin form for too long.
I agree that having doubt about something in your portfolio, the best route to take then is to get rid of it. But moving to a stablecoin might not be what is appropriate all the time. Tether itself has a questionable supply but if you don't have any doubt about it then it is fine. But the influx of stablecoins is something that I have been skeptical about. In other words I fell it is a mode for centralised institutions to control your money. But you are free to follow what you feel is correct.
Unstable altcoins though, be careful with them. You can never guess which pump is going to be the last so watch when you buy them.
Becareful trading all these old Altcoins for BTC, if you look at most of them in BTC chart you will see that it is better to hold on to your BTC, the play now is the DEFI tokens, there is no bag holders yet until we experience bear market when people will be praying for price to go back to where they bought them initially
Is there a point to waiting for the nonsignificant altcoins? Are they expected to do anything in the foreseeable future?
here we see that you have doubts about altcoin, and therefore it is better if you immediately exchange them for stable coins, USDT, USDC or DAI. because to avoid price volatility, it is likely to be very risky if it is stuck in an unstable altcoin form for too long.
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 seems that now all altcoins have fallen in price to bitcoin. And I expect that now altcoins will have to grow stronger than bitcoin. This applies not only to the coins you are asking about, this is the rule for all top altcoins. You just need to wait for the BTC dominance to decrease.
Hmmm, seems like people are divided on holding vs trading
It does not make sense to hold on to altcoins that have become -98% of their ICO price or whichever price you want to consider as a reference. In the last bear markets we have seen the reality of what altcoins are, they have become pump and dump schemes for the hordes of shitcoin that have come in the market or just remained stagnant at low prices for a long time.The bitcoin bull trend pushed them up but at this point I think just selling them will be the better exit strategy. While Bitcoin is the thing that one needs to hold, altcoins should be spent as early as possible. I am sure all veteran traders will think similarly too because they have been prey of the vaporware that altcoins create and want a relief from them.
It depends on the price you bought them. Right now, the altcoins are going strong and XLM has already pumped quite a lot this last couple of weeks and can even go higher.
If you don't believe in these coins, I would sell them and trade it for BTC/ETH. Place some limit sell orders with the price that you want to get for them and move on to other coins.
If you don't believe in these coins, I would sell them and trade it for BTC/ETH. Place some limit sell orders with the price that you want to get for them and move on to other coins.
Hmmm, seems like people are divided on holding vs trading
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?
If you are trading for short term gains then there is already a sense for these altcoins to trade. After all, traders are trading for profit.
Now if you aren't a trader but an investor then holding some top coins might give you profits too. I don't see any reason why there is no sense for these altcoins especially those on the top to be traded.
Jump to: