What to do with nonsignificant altcoins - page 4.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: bitcoinst on January 18, 2021, 04:59:35 PM

I see the point in trading against the dollar, altcoins have much less good correlation with BTC, you will simply lose on the course.
If I were you, I would not complicate my life, and traded only to the USDT and the like.

Well said. Why focus on things that are not going to be anything in future but a rolling ball of despair and hopelessness?

Truly altcoins and tokens have been snowballing many investors who are manipulated in buying them and wasting their money hoping to see it as the next big thing in crypto.

While I admire the risk taking attitude, this becomes a stubborn thing to do. If someone does not want to focus only on bitcoin they can try other sectors of investment in the fiat market too. But not altcoins just because they are "other forms of crypto".

shoreno

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Quote from: Antares000 on January 16, 2021, 06:37:48 PM

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?

you call those coins unsignificant omg why ? or you may be ungrateful of recieving them from someone else because if you sincerely bought them in your own you will know how to value them but seriously those coins are i think one of the top coins that we know so i dont recomend swaping or selling them .

just think of other ways to get your hands of btc , find job , join campaigns , etc . they say altcoins are now on its way and im afraid you will missed it if you already sell your alts too early

Twinkledoe

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Quote from: republicrypto on January 17, 2021, 02:25:49 PM

Quote from: Antares000 on January 16, 2021, 06:37:48 PM

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?

no need to do anything if you still believe with the nonsignificant altsoins above
but if you have a doubt with the alts, you can convert it to another significant altcoins such as ethereum or the others my friend
regards

It is a matter of self preference actually. How strong is your belief that those alts will do good in the future? As no one can tell their fate, it is your own instincts that will guide you about your decision. It is hard to give advice on this matter, because whatever the outcome will be, is all on the holder.

Antares000

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Not sure if SALT and XRP were exceptions, it's just hard to tell if anything else I bought will end up like them and get delisted and be in limbo. I don't know if I'll recover anything with them

bitcoinst

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I see the point in trading against the dollar, altcoins have much less good correlation with BTC, you will simply lose on the course.
If I were you, I would not complicate my life, and traded only to the USDT and the like.

bitcon

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Quote from: Antares000 on January 16, 2021, 06:37:48 PM

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?

Here is my opinion: Bitcoin will grow in any case, and in this regard, even the most unpromising altcoins will follow the cryptocurrency leader. Although we will not see huge returns, even ten percent is also a good profit. Therefore, perhaps the season is already underway.

republicrypto

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Keep it Simple guys :)

Quote from: Antares000 on January 16, 2021, 06:37:48 PM

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?

no need to do anything if you still believe with the nonsignificant altsoins above
but if you have a doubt with the alts, you can convert it to another significant altcoins such as ethereum or the others my friend
regards

tabas

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Quote from: 1l1l11ll1l on January 17, 2021, 05:52:55 AM

Quote from: tabas on January 17, 2021, 04:30:22 AM

You can trade them for BTC if you don't have much BTC. But if you have it already, those coins are good to hold. As you see the BTC dominance is decreasing and the dominance for altcoins are increasing again. In this moment, there is a chance that pumping will go through altcoins.
I'm not saying those particular altcoins you have mentioned but there is a chance that they will be one of it.

Yes, plus speculation about the altcoin season that hasn't yet come. I think for now if you have altcoins that are pumping, while bitcoin is dipping (for a while), when you can see the bitcoin recovery point, then you can get a decent profit.

Depending to the strategy and how the trader sees the market. But those were just our opinions and would still rely on the market's unpredictably.
There are others that have been more profitable in altcoins and that's the same for the investors that have made much wealth on holding and accumulating bitcoin.

bttmember

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Quote from: Antares000 on January 16, 2021, 06:37:48 PM

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 have lost interest in some coins then it is better to move into the ones that you like and you think will be more bullish in coming months yielding you better profits.

Antares000

newbie

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I bought the altcoins at their height in late 2017/early 2018, so you can see why I'm worried about them. Who knows how long it'll take for them to get back up there. Some of what I bought also got delisted, so I also want to avoid that kind of risk

JeotQ

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Quote from: ?? on ??

not experiencing a significant increase is natural because now there is still a slight correction in the market and also the altcoin season has not yet come, if you buy but experience a loss, you should be a little patient to hold and when the altcoin season comes you will benefit because monero and XLM are the top coins in marketcap

Have patience and be satisfied with what you have, Monero isn't a small project and it's now growing better than what it was months ago, you will eventually make good profits if you hold the coins for all this bull season, let bitcoin do it's thing and altcoins will start showing big deals too

blckhawk

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Quote from: Antares000 on January 16, 2021, 06:37:48 PM

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?

Well if you think you are getting enough profit then go for it but if you are going to a heavy loss then you could probably hold it for the meantime. You could also just trade it for USD because BTC is really high right so buying it will do not make any sense. I mean if you don't need that money that much then just hold it, selling them will only bring pennies and that is not worth it so better to keep them in. Anyway, it still your choice though.

target

legendary

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Its Monero, why consider it a nonsignificant altcoins when it should have been the most significant for anyone engaging in cryptocurrency market. XMR is also in a bullrun, if you have it on the exchange, you can trade it moving from XMR to BTC and Stablecoin but if its on your personal wallet, keep it.

Mauser

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If you don't need the money I would just hold them. We never know if the project becomes revived at a later stage and maybe there will be more active trading. Selling an alt coin completely for a few bucks isn't really a good idea for me. Holding coins doesn't really cost us anything. But it all depends on your investment time line. For me I am more of a long term investor.

1l1l11ll1l

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Quote from: tabas on January 17, 2021, 04:30:22 AM

You can trade them for BTC if you don't have much BTC. But if you have it already, those coins are good to hold. As you see the BTC dominance is decreasing and the dominance for altcoins are increasing again. In this moment, there is a chance that pumping will go through altcoins.
I'm not saying those particular altcoins you have mentioned but there is a chance that they will be one of it.

Yes, plus speculation about the altcoin season that hasn't yet come. I think for now if you have altcoins that are pumping, while bitcoin is dipping (for a while), when you can see the bitcoin recovery point, then you can get a decent profit.

Shallow

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This depends on the type of funds you Invested with or trade with, if the funds is meant for long term stuff, then selling to BTC might not work since the price is already high in this case selling to USD would be better but if the funds is for short term gains, then you can sell to Bitcoin, wait for a little profit and sell to get your profit as the case maybe.
The market can't be currently predicted thus no one knows how big Bitcoin will further grow, therefore if you are someone who isn't ready to risk some funds, then selling to get your profit back is the best form always, not only when it concerns Bitcoin though, it can be for other coins, so far the price is high and you are not ready to risk it. Lastly, those coins are good coins, and in case you want to consider long term holding, it is still a good idea.

KaratX

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Quote from: devollito on January 17, 2021, 04:43:41 AM

You better trade it againts btc if you believe that btc will replace our daily life transaction, if you want to cash it in the near future you better trade it to USD. Not USDT but real USD, thats how i did for almost 4 years. Or you can search another ICO which probably can gives you big profit.

Bitcoin is more of a valuable asset like gold than that of currency, look around you, big institutions are even adopting bitcoin and many organizations are accumulating as well, money(Fiat) isn't scarce but Bitcoin is scarce, lol this is GOLD 2.0

devollito

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You better trade it againts btc if you believe that btc will replace our daily life transaction, if you want to cash it in the near future you better trade it to USD. Not USDT but real USD, thats how i did for almost 4 years. Or you can search another ICO which probably can gives you big profit.

Xardasim

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Quote from: Antares000 on January 16, 2021, 06:37:48 PM

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 think BTC still does not reach the sufficient price, to BTC, if not you can convert to USD. It depends on your tactic, your ability to analyze. On the other hand, do not trade and just hold until better prices. Because BTC has risen noticeably and the next increase will not make you expected profit. However, altcoins are still like explosive missiles.

Gunday_07

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Quote from: Antares000 on January 16, 2021, 06:37:48 PM

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?

Pal you are in a panic mode, the kind of panic you are experiencing should be from those who invested in low marketcap coins or shitcoins thinking they will make insane amount of money just like in 2017, XMR, XLM are not small projects, you should be relaxed right now because altcoin season haven't started yet

Topic: What to do with nonsignificant altcoins - page 4. (Read 955 times)