Bitcoin Forum

In this bad and uncertain situation, I'm thinking to do something with my crypto assets. However, I don't know what the best way is to secure my crypto assets. Actually, I have some options but don't know which one is the most appropriate:

- Convert all my coins to USDT (prevent more losses)
- Convert all my coins to BTC (prepare for halving)
- Hold all coins & consider to buy more (high risks but potential for bigger profits once market rises)

In your point of view, what is the better option to do for now?
I'm a bit afraid to see the progress of Covid-19 spread and the world economy is getting worse. Those factors are indeed affected crypto market, we can see that crypto market was experiencing bearish during the Covid-19 spreading around the world. I cannot imagine if this situation will continue until the next year. We need bigger funds to buy everything to survive, whereas we cannot go everywhere to work and earn money.

Personally, i try to stockpile as much btc, eth and gold/silver.

I hold some alts, many good, many shit, but majority is in those 3 options above.

When the recession hits, USDT will still be worth $1, but ask yourself, how much will $1 be worth?

The best time to convert to USDT was just as the massive drop was about to start all the way from $8200. Best thing for me personally is to buy more BTC as we wait for the halving (that's what I am doing with my reserve cash)  ;)
Even if BTC drops to $3K, i won't lose that much since I am an active day trader.

But you know what? Just do what you feel is within your means buddy.

before we several step above , we must analize market in future. is it will continue drop or maybe already hit the bottom. i am just worry if we already convert to usdt or btc market move againts our expectation and we will loss our money. do the step carefully so we will get best result from current condition. but convert to bitcoin was be best choice, we should not worry about its price in future.

Either hold your cryptos or convert them to btc. But remember, if the halving triggers a bull run, it's vey likely that the entire market will skyrocket, not just BTC. I'm saying this because you're considering converting your entire portfolio to btc which doesn't sound like a good idea (you minimize risks by diversifying).

Converting to USDT to decreases losses? You won't lose anything if you don't sell/dump your coins. Hold them tight and you'll be preventing losses. Market will eventually recover.

I would suggest to do the second if you are very much worried about your asset. Converting all into Bitcoin is always a good idea. Halving is on its way and soon we can expect a little pump atleast before it taken place. No worries man, this will never exist forever.

if I have more money I will buy and wait until the price recovers because I am sure that in the future bitcoin and other altcoins will return to high prices, and we know that cryto has decreased several times like this so use it well

In my opinion more realistic points 2 and 3 because learning from the previous period every halving will definitely push up the price so we have preparation. For point 3, if you have capital, why not, take advantage of the big discount at this time because the price of altcoin will definitely boost up later, following the price of bitcoin.

Bitcoin halving is very near so I will choose option 2, Bitcoin price will surely increase after halving and when the Covid-19 ends, Bitcoin will come into a bull trend. However, as you said, this is uncertain situation, price may continue going down,  so i advice you should keep 50% USD and 50% Bitcoin.

I'm not a fan of hedging my assets to USDT.

If you are really looking for term, I would suggest that you put everything in BTC. I'm pretty sure that we all know that halving is coming as you have said, so there's a possibility for the price of BTC to pick up regardless of Covid-19 or not. It might take a long time for the bull run to happen though, but I predict that it will eventually happen. So you can't go wrong hedging your crypto assets to BTC. Best of luck to your decision.

I would suggest you to go with the first option because this COVID-19 has already damaged the market and thing are getting worse everyday, not sure when the market will revert back. So it's better to convert your assets to USDT else invest in BTC or ETH because these two coins have strong potentials to come back even if some disaster happen. Think and plan accordingly.

I think the best thing to do is to split the money, the half of my money is converted to bitcoin and the leftover is for the day to day expenses, because we are in seasons of total illness and its very hard to go out.
in fact, many people in the world are affected including the traditional market.so I keep my asset away from the risk.

Even the US economy is crashing. If you are not going to use your money or not needing an emergency fund why would you need to convert it. I think it is too late to cut your losses. Why not buy the dip if you still have excess funds for investments. The market will eventually recover, take this opportunity.

If I consider and may I advise you for now the third option is a good step you take.
Of course there are risks as you mentioned, but have a pretty good opportunity for the future, no one knows for the future, but sure crypto in the future everything will improve.

For now I myself do the third point method you mentioned, but do not expect, just look forward to the next one or two years, hopefully experiencing a positive risk, and be a good step for me in the future.

The current situation is still uncertain, nobody knows if the condition will still get worse. In our country the pandemic is starting to kick-in and the number of people dying and infected is increasing as time goes by. If this goes on, scarcity of supplies will soon occur. In regards to investment, long-term goal will give you better output. Just invest what you can while the market is at the current state.

This is easy, my advise would be either of the two.

If you have no problems selling them, then why sell? you have to keep them as much as possible but be also prepare to lose. But if you think that we're dropping more soon, spare yourself from the drop and cash out your money. Thinking long term will make you hold or buy more bitcoins.

Why not save some for your needs if you are worry of losing some of your btc. Some suggest to buy more and even hold but everyone here dont have the same situation where people need funds. Emotion also is bit hard to control cause I know the feeling of losing huge value from our asset. Anyway, If your working now, better to spend your fiat with your needs, and only take what can you afford to lose by holding btc. It will never be a bad decision if you do since there is a crisis.

If you are not affraid about the lost then its better to do all of thw choices you given.
Sell all the tokens you have that you think is not good to hold for long term and convert those tokens to USDT and BTC.

Other altcoin that you think will give you high profit in the next bull run just hold it.

Now is not the time to move to USDT, the price has collapsed and if you sell everything, it means you have accepted losses in this market. If you still hold bitcoin and altcoin at this point, it's best to keep holding it and wait, plus buy more if you have a budget.

Best of all to invest in Bitcoin while it is cheap.
I don’t see much point in investing in USDT. Is that to save money.

We can only keep ourselves safe when investing in USDT, when the market collapses, USDT is the safest place we can hide because its value does not collapse like bitcoin. and altcoin. And I totally agree with you, invest bitcoin when it's cheap. If not in the future we will regret not missing this opportunity

The choice is yours to make, you will see some saying it's better to cut your loss and go USDT and others will say that Bitcoin halving is on the way so buy BTC and hold, to me they are both good advice but only you can know what's best for you

The future is uncertain and it depends whether you have a steady source of income or how important crypto portfolio is to you. If you have a chance of steady income in coming days, then just budget accordingly and don't touch your crypto except for the alts.

As far as good alts are concerned, if it is not in the top 10 or has a community and a use case, it is most likely going to crash in coming weeks. The best option would be divide it all into BTC and USDT. When the situation normalizes, buyback whatever alts you think are worth it. Converting all into USDT too would be foolish as you cannot predict whether BTC will go up or down, or that you will be able to catch the bottom.

I chose the second and third options. the best right now is to look at opportunities that can make us profit, and owning bitcoin is one of them. after that, we need to hold in a certain period of time to be able to achieve these benefits. however, exchanging it in USDT forms is safe, but maybe you will be late in exchanging it when prices really go up.

I will sell all of my crypto assets and not care about the future bitcoin or altcoin become most potential and higher price assets, many time I failed selling my coin because hope at the future will bring good price but I get many my assets delist from bigger exchange and price dump.

Now I would advise you just to wait, since in the future the cryptocurrency market will still grow and then you will can get a good profit, and if you like to take risks, then of course you can try investing in bitcoin, as the bitcoin pump is expected before bitcoin halving.

In my opinion, i think it is good right now to convert our valued coins into usdt to become more stable, and convert again if the crypto market gets back and recovers. I also think that thua currenct market may give us sure profit in the future market if we buy more coins with its low cost now. It's good to take the risk and earn in the long run.

In the previous bull run, many people failed to convert their asset to USDT, now most of the people got the attention about the cryptocurrency. Whenever the prices are increasing they are converting into USDT and grabbing the Bitcoin when the price of Bitcoin is decreasing. In crypto, not only trading, but fund management is very important.

It is too late for you to move to USDT, the market has collapsed and if you decide to sell everything at this time, you will definitely take a loss. I myself will not do that, I will continue to hold and wait until halving. Certainly the price of bitcoin will increase and it will also create an exaggeration for altcoin, patiently waiting a little longer to get a profit.

In this type of market you can either prepare for the upcoming Bitcoin halving or stop your loss, so this choice is yours to make and what you really are into crypto for will determine, I have buy back Bitcoin and I decide to hold for long term

Its almost too late for dumping. But if you think the price can still drop below $4000, you'd be very lucky to dump right now and price dips $4000.

If you are like one of those trap because your city is locked down due to ncov, you might wanna sell for cash because you need to panic and buy the food and items needed for probably months.

Well the market can get worse than this but one thing is certain, the market will always find it's way back up and i can assure the cryptocurrency market has seen worse than this and it will overcome this. The decision is still left to you as all the options comes with consequences because you can convert all your assets to USD to be protected from the further dump but likely the market will bounce back and you will miss out on potential gains whereas if you continue to hodl, one thing is certain no matter how long it takes, the market will back up

Actually I prefer the 3rd option that you have listed, that is the best option for me, if you are going to convert it into fiat currency with 6.2k$ then for sure you won't earn from doing that, especially if you invest it when the price of the bitcoin is bigger than 6.2k$ as well as if you sell your coins to others. So take the risk mate, choose the third option, actually you won't lose if you do that because you are only going to wait for the price of the bitcoin to rise again so you may earn money.

I think these two points should be followed.
if someone buys BTC from a fiat currency, it would be much better IMO

Even if bitcoin falls to $ 4,000 in the future, he shouldn't sell it. Invest in bitcoin in the long term and I believe its price will recover soon in the future. A few weeks ago I bought some bitcoins for $ 3800 and now the price of bitcoin has recovered and I'm quite happy with the profits.

Take advantage of this bearish market to stay profitable. This is more towards the 3rd option but not completely.

I call it, selling to buy back before things recover.
Let's say I carry 0.1 BTC from a price range of $8k^. And now for only $6k, I have to bring back more than 0.1 btc before reach at least $7.5k.
So, I no longer care about my BTC value to $ and I'm just thinking of increasing the quantity of BTC without spending additional caps, just utilizing my existing BTC.
However, this requires monitoring at all times, so if you are not an active trader or have other activities, it is not recommended to do this. BTC price can recover anytime in a short time.

Strategy depends on your coins which you are holding. If you are holding ETH, XRP and few top altcoins, i think you should hold it until you cover losses but if you hold shitcoins, it is better to convert either BTC or USDT. I have lost my money in shitcoins which is no longer value in the market but if i could convert to BTC or USDT, now i can save 80% of my investment. So decide carefully before going to face huge losses.

trust becomes the main capital in investment, especially for assets such as bitcoin. of course, there is no doubt about holding it in, but sometimes panicking when seeing the market go down makes us sell it. It all depends on how we overcome our emotions in investing.

Perhaps you should share how your current situation was. Most people had to stay home, off the workplace and this makes everyone try to convert all their assets to money for foods, rents,...
I think it's not a good time to sell because of this, more sellers than buyers > low price. If you have savings, emergency fund to cover for this hard time then you don't have to sell your assets.
You could also do a split to reduce the risk but lower profits :p

Don't get things mixed up, USDT will be worth $1 because it's a stable coin, the only reason why it's important to hold stable coin is to cut loses, Bitcoin and other coins will lose value and once this happened you can buy back with USDT which will give you more quantities of sats

I see you don't get my point. USDT will be worth $1, but the question is what will $1 be worth at the moment a crysis hits.

One american dollar represents a value measured in gold (atleast that's the general idea), and it can also collapse

indeed the economy for now with the spread of the corona virus is increasingly making the economy deteriorate and even has a big effect on crypto. and many people have said to be prepared because the worst possibility of this virus is the global crisis. but the rise of bitcoin in the following year has already been said, so buying bitcoin and storing it until next year is the best step to keep bitcoin prices. buy a little at a time every day because it helps keep prices stable.

Also faced in the current situation with a similar problem. If we consider your options for overcoming the problem, then I would divide all available assets by 33.3% and “process” each part according to your options. So it turns out even safer in my opinion.

I prefer the 2nd option.
Put it all in BTC.
With this low price, you know where it is going next.
There is no doubt about that even with all the viral virus that is surrounding the world.
Soon, everything will be back to normal and I am guessing people will start to realize how much they need a digital currency on their smartphones.

During this pandemic Digital money is the perfect solution - no touching, no transmission.
Digital currencies such as Tem which are actively in talks with governments to provide them with a national digital currency are going to come out of this stronger than ever.
TemTum is going $1+ when the economy settles and announcements about partnerships with governments are announced.

Good for people who can afford to wait and have good amount of money to invest but for someone who aren't sure it's best to keep doing good
research and understand everything before concluding and deciding.
Every decision are very important right now you shouldn't be careless or you'll lose everything.

I think , this option is better if you analysis the current market and just make a prediction for the future as well as it's have high risk. But you should not panic and be patience.Only last and most important things to remember, "We should do our own homework to make good profits , not depends on other homeworks".  :D ;D

Check out TemTum, in talks with countries to provide them with a stable digital national currency.
Official announcements to follow in the next few months

Better is hodl everything what you have, you prevent possible loss that could come with with unexpected growth and buy more if crypto continue falling down.  8) Remember 1 BTC was, is and will be 1BTC.  ;)

If there's no way you can possibly withdraw all of your assets to some fiat currency like USD, then I suppose USDT would be an okay alternative; Tether's got a pretty rocky history and I don't like it personally, but it's held up so far and people still seem to trust in it. The coin also hasn't fluctuated too significantly from its target price of $1 to date yet (though it has on a few occasions), though there's no telling if it'll stay like this.

If you're already nervous about the markets, it's not a good idea to stack on even more risk for a reward that you might not even see, which is why I'd eliminate option 3 from your decisionmaking. The other two are completely up to you.

I prefer to divide it by a certain percentage, of course, the most dominant is the second way, for example, 50% hold BTC, 25% for other potential altcoins, and the rest as a reserve if there is an emergency need, moreover we are in a crisis. We also need to prepare funds for sudden needs. The most important thing is that we know the proportion of needs and which should be prioritized. If it's profit, you have to be thankful, if you lose, look for another opportunity. It's actually simple, minimizing expectations and not being greedy.

I think that the best strategy is holding and waiting for news. If you are afraid to lose your assets, you should to convert it in USDT, I`m sure it`s not the lowest price what we will see, so you will have time to buy your favorite crypto again

Guys, I have read all your replies, I'm quite surprised that many people involved. Thank you so much.  ;)
According to your replies, most of you suggest choosing option 2 and 3. Option 1 is still not needed since we are still in good progress of market improvement. Moreover, USDT won't gain big profits in the future. I can say that I agree with that, so I assume to hold and plan to buy more with my extra funds if it seems at a good time to pick new assets. Once again, thanks for your suggestion, guys. <I'll lock this thread>


Guys, please don't quote all the body of the thread. It is not needed and only makes your reply looks bad. <Don't do it again in the next occassion>