Bitcoin Forum

Hello !

Should I sell my altcoins , and switch to usdt , and buy when it will be lower ?
Thanks in advance

Investing in USDT is a good investment. USDT is a token that runs on Bitcoin's Blockchain platform. The value of 1 USDT is valued at the equivalent of USD 1 in real life. USDT is USD in electricity market. death

Always make your trading decisions by yourself. Random people over internet will not help you much because they may have interest or lack of knowledge when they give you advises.

Want some doubt? Selling to USDT could have been a good idea some time ago. Maybe it is now too. But, what if you sell and everything starts growing again?
We don't know what's best. Nobody possess a crystal ball. So, again, think for yourself and more important, decide for yourself.

I don't treat USDT as an investment.
It is because USDT is a stable coins.

I don't want to get involved with your decision making. But if you want to save your altcoins value now, buy USDT and buy if it drops more.

Thanks everybody !
I just to buy more when it will drop !

I believe you own your coin and money and you are in the best position to decide what you will do with it but I think you do not need to sell all your altcoin to invest in USDT you can sell some and keep the rest or if you have spare cash, you can but with it instead of selling your altcoin.

Prices of most ALT are already low.
So at the moment it's close to the bottom, and you don't know when you're going to get to the bottom, so I think the best thing to do is hold on.

If that's your final decision, you can now lock this thread.

here everyone must decide for himself whether it is worth selling or keeping to the last. Personally, I do not sell anything and wait for the market to go up

well you are making the biggest mistake that is common these days. you "wait"!

in this market when you see the dumps starting you should immediately dump your altcoins with 0 hesitations. waiting around and thinking what to do is not going to do you any good. dump and get out as fast as possible.

USDT is a good place to go at times like this but be very careful about this coin. it is not 100% trusted. it is still pretty shady and risky to use because of those that are behind it.

How are you sure about if it will go down more, after you switch to usdt it may go up, I think it can be good but also risky.

It's never easy to know when the market will turn,  and you might panic buy back into the market with a lost, so be carefull if you go all in on usdt.

for the moment all altcoins have decreased, don't buy first, I still end all month at the end of all altcoin prices

i think, convert your altcoins to usdt is the best idea at this moment,, but do not convert all your altcoins
keep it a half, to stay minimize the risk , when the market reverse my friend
regards

tbh bro, usdt is crypto tho, and its been have some issues
so if you want to move, fiat is more safe

yeah , instead of that , he might keep hold btc, and stay away from alt,
when the time is good, start accumulating alt again

yeah, but again,
something that we could see as alert
weekyl close chart
jump volume on marketcap
and btc dominance  ;D

alright, selling in panic is not really a good move
he can move to alt, instead, so when it recover he can made some reversal

This is a good and very correct idea. But the problem is that you'll never know when it's best to sell and buy. You can only get lucky

yeah buy some alt bruh ?
thats good choice
but dont forget to take profit when it getting pump

usdt is to safe you money when btc getting rekt bro, not for investing
its just temporary safety camp

I would recommend that you should switch to USDT during a large scale dips like this to save your holdings and you should also buy more of the altcouns that you hold so that you can still cut loss and hopefully take some profits when market starts to recover. Don't keep USDT though, just resort to it during dips to cut losses. Or if you really want to keep USDT for large swings in the market.

It is not good time to sell any coins in this moment, all crypto market is in red and most of coins are at the lowest levels in the past year or even more. But on the other hand you can try to make some profit from this, even you will take some risk with selling now and convert to USDT. In this way you will keep value of your altcoins, but risky part is point when you will buy back those coins.

It is a tricky decision, to hold and watch price drop even more or try your strategy - but this is up to you, unfortunately no one can predict how the situation will develop in the following days or months.

It was necessary to make the switch to USDT a few months ago, but it's not too late to do it. But the decision to accept you

The lower the market drops, the more of a gamble it becomes. If you think we're nearing the bottom, then don't switch to Tether - but if you think we'll continue to fall, then do it.
Do be aware though that even Tether is not 100% safe, there has been plenty of speculation about whether it is really backed up by the USD equivalent.

I advise you to don't rely on people suggestion. No people can predict the market. As you can see we are still in the bear market. I take  this bear market as a tool to learn more. Although i lost some, it doesn't mean i will lost forever. I still learning and you should too.

Let me now is the time to hold the ETH is the best This coin is extremely potential and can help you earn high profits and the end of this year or in the near future. trust me

Going with USDT is going the "safe" way in these times. But I think if you invest either in BTC or any other coins in this crypto space, then you are doing it wrong if you want to be "safe".  What they say is true, this is a risky investment space but only because this promising investment is still undergoing some modifications to iron out the kinks common when any new tech is thrown into the practical space without a proper testing phase or period. However, even with that, I am certain that this tech will be the foundation of many good things to come, therefore my investment stays put.
If you wanted safe investments, then go to the stock market. Thus, maybe even increase your stack in some promising coins, after you do your own research. For example, Eterbase. Go hard, or go home.

If bearish you can go short on bitmex
Otherwise holding cash isnt bad too

If you are negative like 50 percent there's no point to switch tousdt or sell your altcoins. Just wait till market recover like what I did right now . Nothing we can do with red market just wait it to become green .

As far from what I know that the definition of USDT is also a part of cryptocurrency which you can use your wallet and it is not a paper.

So, now I made a research and as far from what I understand it is at its highest but for me the value is still low so why not bet on it but do not use your altcoins because that altcoin if you're might still have a chance to get a higher value, if you think it still has a good price why not but still it is up to you >and for me buy it with your foriegn money.<

Yes,you can that is most of the traders doing when the prices falling.But don't invest on the USDT for long time because it is centralized crypto currency which is just as the fiat money.

Your time makes me feel that you have lost a lot, I hope you have not sold, because the cryptocurrency market has rebounded today. You can switch to USDT to avoid falling in the short term, but not for long-term holdings, only long-term holdings of bitcoin.

I am sure that crypto is a more promising investment than USDT, a big increase is happening soon so staying patient is a better thing than switching to USDT.

Who knows, maybe it's not so bad idea switch to USDT, the market can go more down or go to correction fast.

According to my analysis ... TUSD has good potential to rise further, but if you have an altcoin that has more and more prominent speculation than Tusd, you better defend your coin, because altcoin is more promising than Tusd.

If you are in alts today it's not so smart to exit from them. Because you may not be in time to enter again. But if you have fiat USDT will play a good role in the crypto purchase. USDT hold is not necessary. I think that USDT is for reorder only. Or for waiting a good prices. Not for hold.

now is buying time, no sense to switch into USDT. I would buy at several different low price. No matter what i won't convert into USDT at this moment.

People think that they may miss the very beggining of the next bull run and once again will lose their profit. I think this is something that should be called a pre-FOMO, haha.
And I absolutely agree with you that we shouldn't go against the trend, so don't buy when the market is red. Wait untill the trend changes. But so many people think that "buy low sell high" means buying during a bearish trend. That's a huge mistake.

maybe who knows? but i wouldnt do this. because i hold altcoins for so long time. and have been waiting for so long time. i feel that this bearish market is about to end. i dont want to be out of the run when bull comes.

The USDT is not suitable as a coin to make money as a trade, because its price is almost unchanged, you should use it as a safe-haven coin instead of buying and selling coins!

I think the OP doesn't want to use USDT as a trading coin. He was asking about making the right move during this bearish market. He's having second thoughts about converting to USDT to save his asset and then buy back when it becomes more lower. You have a point nonetheless. USDT is never a money making coin since it's value is constant. USDT is only good to save your money while the market continues to fall down.

At the moment, you may still need to wait and wait out the correction in USD it is important that the train would not leave without you.

I'd say USDT is practically the same as real USD so if you are looking to hedge value, it is always a good option.

However, i'd like to recommend you to hold for now since the entire crypto market seems like it's already bottommed out. Selling now would be bad because the price is now expected to rise. You'd be missing out on good gains if you sell now.

I agreed with what you said because the crypto currency market always go green every first month of the Q4 of every year and I will advice the OP t hold now while he sell at the end of this month cause people will soon sell their coin or use it to stuff online for the holiday.

I do not think that selling now is good idea, but you can try trade short term with lower percent of your portfolio. If you are trading with USDT set stop loss. Never trade with more than 20% of your portfolio. Good luck!

This will depend on your strategies if you are not sure about this better not to do it. Some coins can’t trade to usdt so its important for you to know the basic things about this move and study this again if its really feasible to do so, profit making will be a good basis.

When the market fall into redzone, you should hold your coins in my opinion. Then bull market is comback, switch to USDT is a good choice.

Nobody can give you the exact answer because it's totally unpredictable.
But one thing for sure , anything can happen if you keep holding. Yes, when everything turn into red, you can just hold it or cut loss if you can afford more losses.
That's what I'm doing over 2 years !

For me just hodl don't just look for short term profit always look for long term especially right now crypto world was still young.

Right now I am going to close all my trades and go out yo fiat. This correction gave use opportunity to fix profit in USD and then rebuy assets cheaper with great discounts. Personally I expect that the market will continue to fall in this year.

I wish you luck because it is hard to predict the bottom of bear market. I have two questions for you... Do you close your trades with profit or loss? Do you have targets when you will start buying again?

in any case, each of us understands that the Crypto currency has good prospects in the future, but when the market is restored no one can predict can not possibly take a year or two, but today remains the main task of preserving its assets and minimize losses.

Now it is not the time to switch to USDT. You could have done that when the price was so high. If you switch to USDT by selling your Alt I don't think it will be a wise decision.

I agree when you say "This is not the right time to sell any coins at this time,". This is an opportunity to collect favorite coins. They must see in September now, that price is starting to improve. I am very grateful.

Was a need to sell Altcoins before. I would have thought more about to keeping the money in USDT, or it is better to have a few extra transaction  and to go in  USD. The lack of control over the emission of USD  become  embarrass.

I think that now it is no longer worth moving from altkoyinov to dollars. maybe the market has already turned around

switching to USD is the safest way, because now USD has one stable price. so I think switching to USD is the best choice and eliminating the risk of big losses.

It was necessary to sell earlier, now if you sell, then will suffer losses. It seems to me that already you should not do it. Just wait when your coins grow or there will be their pamp.

This has just been done if you want to just breathe and recover for a while for your position if you know with your conviction using tools that it can go down. So you will switch to this lesser volatility crypto for that matter.

The coins you are trading if it keeps going down then you can save the situation by converting it into  Tether without getting out of the market. When the market recovers you can buy back your coins.

Always i tell to all want to invest or sell their coins the decision is in the holders, the advice of the members herein forum are a guide of you to decide properly of your coins.

I think your strategy is long term trade so depends on you, altcoins as of now is in the lower value if you think your experience not cut off loses go ahead sell your coins.

this is a doubtful payment unit, which is only needed on some exchanges and it is unreliable, I would not have kept a lot of money in it

if I myself would not sell my assets just to move it to USDT alone, because in my opinion the altcoin would be more profitable than USDT, so I only save altcoin at this time

Yes, it is not a good suggestion to covert them to USDT because right now the prices are very low in the market and it is not a good advice to convert them into USDT value.

I think the value is the same if you exchange it now, but if you exchange altcoin with USD when the price is rising or pumped, then you will get multiple assets when you buy back the altcoin when it's cheap.

I think that is a good strategy but make sure you have a profit in the portfolio first. If you are losing money, do not sell it. Please continue to hold. In addition, you can add more capital to buy some potential altcoins that are likely to be pumped in October.

well usdt it's quite stable for a past few bear market months, but i think it's not a wise choice to ride usdt in the next bullrun. even dash was better than usdt

In August, it makes no sense to sell their altcoyins and exchange them for USDT, because now the price of our coins and tokens fell by 70 percent or more. At the beginning of the fall of the crypto-currency market, this still made sense, but not now. Now we are waiting for the rise of the crypto-currency market and at the same time raising the price of our crypto currency. Therefore, it is unprofitable to sell crypto currency.

I think that in any case it is necessary to have in usdt portfolio in the amount of 10 percent, given how volatile our market is.

If you are already in alts and you are long-term holder it is a little bit late to sell all alts. IMHO we can see recover at the end of this year and nobody knows when it will happen.

Converting to USDT would have been a good strategy several months ago when the market was going into free fall, but now it is quite pointless unless you are doing short / day trading. If you're a hodler, just invest in the right alts and leave it until the bull run returns, then you will see some great gains

yes when the market gets too bad the safe way to avoid loosing profit is selling tokens into USDT, by  switching to USDT we can have money to buy more tokens at the lowest price and huge profit when the market recovers. So in many ways using USDT in many cases will bring us safer chance than other methods.