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.
USD is better most people now trade crypto with stablecoin like usdt the reason is because of volatility so if you make 10usd profit it will remain 10usd compare to other trading pairs however unless otherwise, you will need to trade for other coin particularly now that withdrawal fee is high unless you can pay the fee. Apart usdt if you consider trading with other altcoin, it would be great to consider ETH and btc pair because I think ETH too is very strong so you can be sure that there will be little difference
Why are you calling coins like XLM and Monero nonsignificant? Just because the value of those coins are lower that that of bitcoin? I don't think this is how you are supposed to judge a coin. There are shit/scam coins out there that has has more value than Ethereum. Does that mean ethereum is "nonsignificant"?'
Why they do have this kind of mindset on where treating those top good altcoins in the market as a non significant one? specially Monero. If we do base up on how big the cap is then we can say that it does have significant demand.
If he do really just aim for bitcoin then convert those altcoins that he had then stick with btc. All other coins that below btc would be significant and lets just respect on how he do sees on it.
But we know that you can really make out some money if you do diversify with good altcoins.
xlm is inside the elite circle but monero ? i heard monero is going on an issue like what happens to xrp and monero can possibly get kicked out . lets calm up guys because maybe op is new on crypto and does not know to properly categorized a good coin from a crap coin but he can always learn and improve himself .
thats for him to not get harsh comments and to make him avoid scams
I prefer to swap with USDT, because it is too risky to go to BTC. Because as we know the price of BTC is very fluctuating, I'm afraid that your profit will be lost when swapped to BTC and at the same time the price is dumped. Unless you have nicer options in your trading and are planed on trading, I think it could be considered a swap to BTC.
BTC can be risky, rich people is suitable for storing btc.
leave it alone, maybe someday it will surge
True, wise decisions should always be well considered, because if you cannot buy at a low price, then securing assets that are already into fiat is a very good option while waiting for the next price drop to occur.
This is something that hardcore crypto enthusiasts need to understand. Fiat markets are out there and the wise trader does not become stubborn. They are diligent and they know that one market going down means another market might be going up. The point is not to let anxiety and depression take the better of you. Move over to other markets and by that I mean fiat traditional markets when bitcoin might be going down. Asset risk management is done in this manner, does not mean you are not supporting crypto, rather you are being intelligent enough to secure your own assets. In trading you need to be selfish like that.for now it seems like it's too late instead of trade it for btc, it's better to the hot altcoins. because the price of bitcoin is very high and it is difficult to get profit. but with altcoins I think it's much more profitable. there are lots of good altcoins, one of which is DOT.
Nope, this is the wrong path to take. Bitcoin price might be high - therefore it is the time to sell bitcoin and book a profit in fiat. Use that to buy bitcoin again when it comes down, because it surely will. Altcoins are going to go up for sometime and then go back down like they have always been. You cant really get a profit from them like this. In my case I would hodl this altcoins especially XLM because I have seen a very good potential for this alts and it has a very high possibility that it can gave me double or even triple profit if I will hodl it long term.
If you have more patience in that, then it is okay to do it, especially if it can make you profitable up to three times than before, so I think that is a very extraordinary thing, because not everyone can be patient with it long term.I think its not a bad option, if you have no strategies or knowledge about trading, hodl is the best option to gain profit. Especially if the altcoin like XLM, im sure it have a bright future soon. Just enjoy your life and dont see the portfolio for a while, set an alarm for sell if the price already meet your hopes.
Swapping your major altcoins to Bitcoin at this time is like throwing your good money after the bad one. It has been projected that Bitcoin price would cross $30,000 but would fall again before the end of the first quarter of 2021. I think we're already experiencing that now.
Bitcoin price is already riding above 30k USD and I expect this to be maintained for some time. We already experienced some selling pressures but the price is holding above that level so we are good to go up if all goes well time.Of course at this time you might be able to buy a bigger amount of an altcoin that has not gone up with bitcoin but do ask yourself the question - is it worth moving from a currency that is well established and useful in aspects, possibly going to be even bigger in future to another currency that might not be anything tomorrow? Seriously how long would you even think of holding a shitcoin just because you bought it at the wrong time?
I prefer to swap with USDT, because it is too risky to go to BTC. Because as we know the price of BTC is very fluctuating, I'm afraid that your profit will be lost when swapped to BTC and at the same time the price is dumped. Unless you have nicer options in your trading and are planed on trading, I think it could be considered a swap to BTC.
IMO that is a wrong decision unless you are looking to buy back BTC at lower price. If you are thinking of holding USDT then I would advise against it. Tether is a controversial coin, its better to hold something else than hold any Tether at all.
I prefer to swap with USDT, because it is too risky to go to BTC. Because as we know the price of BTC is very fluctuating, I'm afraid that your profit will be lost when swapped to BTC and at the same time the price is dumped. Unless you have nicer options in your trading and are planed on trading, I think it could be considered a swap to BTC.
Why are you calling coins like XLM and Monero nonsignificant? Just because the value of those coins are lower that that of bitcoin? I don't think this is how you are supposed to judge a coin. There are shit/scam coins out there that has has more value than Ethereum. Does that mean ethereum is "nonsignificant"?'
Why they do have this kind of mindset on where treating those top good altcoins in the market as a non significant one? specially Monero. If we do base up on how big the cap is then we can say that it does have significant demand.
If he do really just aim for bitcoin then convert those altcoins that he had then stick with btc. All other coins that below btc would be significant and lets just respect on how he do sees on it.
But we know that you can really make out some money if you do diversify with good altcoins.
xlm is inside the elite circle but monero ? i heard monero is going on an issue like what happens to xrp and monero can possibly get kicked out . lets calm up guys because maybe op is new on crypto and does not know to properly categorized a good coin from a crap coin but he can always learn and improve himself .
thats for him to not get harsh comments and to make him avoid scams
Why are you calling coins like XLM and Monero nonsignificant? Just because the value of those coins are lower that that of bitcoin? I don't think this is how you are supposed to judge a coin. There are shit/scam coins out there that has has more value than Ethereum. Does that mean ethereum is "nonsignificant"?'
Why they do have this kind of mindset on where treating those top good altcoins in the market as a non significant one? specially Monero. If we do base up on how big the cap is With BTC so high, does it make more sense to trade them for BTC, or for USD?
If you would to like to continue investing, then convert those altcoins to bitcoin. If most of your altcoins are some random tokens/coins, then don't bother holding them. Waste of time and opportunity. On other hand, I don't see any reason why you would want to convert those altcoins to fiat (unless you badly need cash money).then we can say that it does have significant demand.
If he do really just aim for bitcoin then convert those altcoins that he had then stick with btc. All other coins that below btc would be significant and lets just respect on how he do sees on it.
But we know that you can really make out some money if you do diversify with good altcoins.
If you aren't confident with what you are holding kindly sell the tokens and coins on exchange for better popular coins and if you think you have already make enough profits just sell for FIAT and wait for price dump to buy back again but mind you Monero is a big coin, same as XLM
Monero and XLM are significantly good choices, I don't understand why you called such altcoins nonsignificant, I was expecting some list of shitcoins you know, it's better to keep holding and wait, altcoin season will give you the right ROI, I hope you have target as well? If you don't pls do
Why are you calling coins like XLM and Monero nonsignificant? Just because the value of those coins are lower that that of bitcoin? I don't think this is how you are supposed to judge a coin. There are shit/scam coins out there that has has more value than Ethereum. Does that mean ethereum is "nonsignificant"?'
With BTC so high, does it make more sense to trade them for BTC, or for USD?
If you would to like to continue investing, then convert those altcoins to bitcoin. If most of your altcoins are some random tokens/coins, then don't bother holding them. Waste of time and opportunity. On other hand, I don't see any reason why you would want to convert those altcoins to fiat (unless you badly need cash money). 
as drawing with the market shows of distinctive on figure, investor might defines decision as preparing position with the table of trading while referring limit on risks and resource on request with the chance as closing of returns with the target number.
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 my opinion it’s best practice to turn them into bitcoin itself because over the time those altcoins won’t be so much profitable as compared to altcoins holding. Just imagine if you would converted altcoin dust into bitcoin just before couple of month then also you would have gotten more % return since it’s risen ratio is far better than alts.
It’s like if you getting paid in alts then it’s always best practice to convert them into bitcoin as an long term holding asset. Consider it as your safe house in the time of crisis as well as in the times when crypto is taking nice jump.
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 not sure about the future of the coins like Monero and etc then you should invest them back earlier but now is a little bit late since the bullish trend seems over so investing now can cause you only the loss. What you can do is to convert the coins into any stable coins then wait for the perfect deep which makes you feel that it is the right price to buy the bitcoin.
You spoke about non-significant and to be honest I was expecting to see names of alt-coin that I haven't heard of before but the alt-coin here are once I have heard of although I do not have a good following relationship with those coin, I won't have them in my wallet but if somehow it does I won't waste time to sell it off for Bitcoin.
Swapping your major altcoins to Bitcoin at this time is like throwing your good money after the bad one. It has been projected that Bitcoin price would cross $30,000 but would fall again before the end of the first quarter of 2021. I think we're already experiencing that now.
In my case I would hodl this altcoins especially XLM because I have seen a very good potential for this alts and it has a very high possibility that it can gave me double or even triple profit if I will hodl it long term.
I would say trade them for btc since you can still benefit a lot just by holding btc, except you just want to cashout out then you can trade for whatever stablecoin that suit your needs, but if I where you I would trade for btc and hold for 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?
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. 
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.
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?If I were you, I would not complicate my life, and traded only to the USDT and the like.
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".
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
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.
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
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.
If I were you, I would not complicate my life, and traded only to the USDT and the like.
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.
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
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.I'm not saying those particular altcoins you have mentioned but there is a chance that they will be one of it.
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.
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.
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
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 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. 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.
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.
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. I'm not saying those particular altcoins you have mentioned but there is a chance that they will be one of it.
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.
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.
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
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.
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. 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
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.
I'm not saying those particular altcoins you have mentioned but there is a chance that they will be one of 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?
How come you said insignificant altcoins when they are the top coins in marketcap after Bitcoin. You can trade them against Bitcoin and even tether USD and make a profit. A week ago, XLM climbed over 150% and all holders benefit from that. You can use Monero to maintain your privacy so they are not insignificant. They have their own purposes too.
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?
Don't panic buddy, MONERO and XLM are popular coins, the current correction is only temporary, Usually the coins that you hold will increase in price. To avoid the risk of loss, you must use a stop loss strategy, BTC and ETH will be the right choice for you. if the decline in MONERO and XLM continues, you still have hope in BTC and ETH.
It's better to hold them because they are popular coins, I don't know where you get the ' nonsignificant ' from, Monero and XLM aren't like most new projects today, hold for now because it looks like it's altcoins time to shine, since yesterday popular DeFi projects are revaluating fast
They still have a planty of space to growth because they are pretty popular. I thing that they will growth futher
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?
Monero though has some usage being a privacy focused coin. But does it have any effect of whether you put your money in it and it goes down? Does that privacy focus help you make back your money? No.In a sense, privacy is important but the level of paranoia in this sector is too much and that hurts the retail investors. In my opinion, there is no need for a separate crypto just for privacy. Bitcoin is enough.
Of course it makes more sense to sell them for USD or BTC whichever is lower that time so you get more of what you are selling it for, then use it to finally get BTC or keep the USD to spend as you wish.
Reduce your portfolio in crypto to bitcoin only. The altcoin craze is long gone and so is the ICO, DeFi craze. They are all hyped based methods to take your money.
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?
I don't have a straight answer to your question because I don't know if Bitcoin can go higher than 40k in this bull season, if you plan to change to USD it's probably because you feel like you've earned enough, if you are satisfied with what you've made then swap the coins for USD and if Bitcoin is in correction mode you can enter BTC again 
Is there a point to waiting for the nonsignificant altcoins? Are they expected to do anything in the foreseeable future?
Unfortunately, we really don't know what the future brings so it's hard to answer your question.
So the best thing to do is either hold them or trade to bitcoin, simply as that. It's really up to you, government are after Monero and other privacy coins, just saying. So it might pose some risk on you. XLM is amongst the top 10, but its in the wild ride in the last month or so.
As for bitcoin, good for long term hold, so you have so many choices and I wish you the best to make the right now.
Is there a point to waiting for the nonsignificant altcoins? Are they expected to do anything in the foreseeable future?
so how should we answer this? This situation is completely related to your trade. If you currently have enough to satisfy you, you can switch to eth or dollars. But if you bought high and suffered serious losses due to declines, it is better to wait.
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
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 does and why not? if what you wanna get from your trade is just regular profit and it doesn't matter what kind of pair that you have been using it to trade against your coin. I personally will prefer USD or stable coin rather than bitcoin. When you have earned $100 and it will be $100
When you are trading it on bitcoin and when you are earning $100 and it could be increase or decrease because it depends on the bitcoin price.
You will also get a heart attack when the sudden dump was happening with 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?
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