Bitcoin Forum

Hi,

I have a few altcoins that are doing pretty well and want to take profits soon to then reinvest into other altcoins that haven’t pumped yet and I am wondering if it is best to swap directly or sell my altcoin that is doing well into USDT and then buy the new altcoin I want with the USDT?

I use Coinbase mainly so wondering which way is best to do it or is there not really much difference?

Anyway it is your choice if you want to swap the coin to the one you want but since you want to still buy more altcoins there is no need of converting it to fiat just do direct swapping but i would have advised you that since you were lucky to make some profits from the altcoin you invested on, it would have been better for you to convert the coin to USDT and store it in your Spot wallet that is if you are using an exchange but if you still insist on gambling on other altcoins, the decision is yours to swap it.

Most times, swapping to other currencies using the convert option in an exchange always happens a bit below market price since the swap is a no-fee conversion. 
 
Just like what the other member suggested, I will advise you to first trade your holdings into a stablecoin to see the profit you made from it, and from there, if you still want to buy your desired coin, you can use the available coin you have based on the pair provided to place your order. 
 
converting to fiat and withdrawing it to your local account and trying to buy it back will definitely cost you a bit more.

Well, those are some means to archive your purpose but, some approaches would serve you well than others and that would be the swapping.

Now, exchanges do operate on a standard price, depending on the coin in question, users would bid as they like and would either be slightly above or below what an exchange offers for a standard rate. Hence, this be a side to either benefit or not, depending on the permutations you’re seeing.

Secondly, having to sell and then buy again, is you actually taking part in two phase to the activity. Each of which, will be charged differently and you could be at the loosing end, although these charges are minimal and not very noticeable.
Having to swap however is just a one way traffic and you don’t get charged twice.

This however, is possible if them coins could be paired. I’ll go with swapping!

Actually, swapping is also selling but just in the form of other cryptos. Whatever is going to be convenient to you, you do it.

Yes, IMO there's not that much difference at all.

So, if you're taking profits. You do it before you get the answer you want to hear as the market is volatile as always.

It definitely isn’t much of a problem to me which route you take. My only problem with having to convert down to fiat is that it will cause more for charges and looking more like it cause a little stress than the just swapping direct to the Altcoins. Although there are not too many of the Altcoins having a direct trading pair with each other but a simple conversion to the usdt and then buying with the altcoin and usdt pair, savin the stress of converting to the fiat which rates varies again.

Now my advice on this is, never jump on Altcoins that ere refusing to pump most especially when a Bitcoin narrative is driving the Market. Some of this Altcoins are just there with the potential no longer worth it and it will be risky to cash in on them with money from another Altcoins.

Thanks for the replies so far.

The altcoin I have just taken profit on is Arcblock - I was lucky and got in last year at $0.11 and it has just reached a new all time high of $4.26 so almost given me 40x return so far so felt I had to take some more profit.

I sold to Usdt and then with that Usdt I topped up my bags on 4 other altcoins I already have in my portfolio that I believe will do well this bull run.

That's a lot of gain so congratulations to you. I want to ask if you don't mind, how much you invested on it and how much you gain in $?

You reroll it to other altcoins, good luck and hopefully you'd gain the same xx with that since the bull run is already in.

But if I am on your shoe, I'd take profit and portion for myself that I will spend to anything I want as a reward.

You can try to click on Swap and see how much you will get after selling at that time, after paying swap fee (on chain transaction fee and slippage fee). And you can compare it to what you will get if you sell one altcoin to fiat or stable coin, and swap stable coin to another new altcoin.

Usually altcoins don't have direct trading pair for you to swap directly and if they have a pair for swapping, if liquidity pool is low, you will lose with bigger slippage.

Be clear between fiat currency and stable coin. In cryptocurrency, it is more convenient if you swap your altcoins to stable coin, and swap stable coin to other altcoins. Selling to fiat currency is less convenient and maybe can relate to tax too.

Take profit when you're happy, some people always think what if, loosing their chance to gain, this is always the problem with some traders, but if you are a holder, and expecting more on what you have, be ready to accept when the price move's up and down, its like getting tortured every time the price moves, that is why some people really don't look at their portfolio everyday, they just come back after a year or so.

Since you don't seek for recommendation of Coins you could invest on, I'd only say that if you're not urgent in need to make use of your funds that has got you all that profits, no need to exchange to the fiat so you can just automatically swap to your desired AltCoin but you'd have to check if the Coins are listed in the Coinbase else you'd need to research on the exchange that supports it.
Sounds like you really made a lot of profits and if I'm right, I'd advice you diversify your investment probably consider bitcoin and I'd also advice that you make research before investing on those AltCoin. As for bitcoin, that's already a sure of you can invest and patiently hold, it'd do you better than expected.

Indeed, the currency achieved a new ATH 8 days ago, and a 40X return certainly looks attractive. Congratulations to you! It is good that you secured and frozen your profits in USDT instead of swapping directly for the tokens you wish to buy.

Holding USDT will make it easier to determine suitable buying zones for other altcoins you want to top up your wallet with. Also, you have not completely exited the ArcBlock; if it gets listed on OKX or more exchanges, you could potentially make more profits. I hope you have succeeded in doing your research and carefully choosing the altcoins you have invested in now. Also, I do not recommend holding your tokens on Coinbase or any other centralized exchanges. Since you appear to be a long-term investor, moving your coins to any decentralized wallet is better.

In cryptocurrency it's much better to swap your altcoins to stablecoins, and when you want to buy another altcoin, you'll just swap back to buy the one that you've chosen, it's more convenient that wey instead of going through the process of converting it to fiat, and then using it to buy the altcoin again. Another advantage of holding stablecoins is that it gives you the opportunity to watch out for a profitable altcoin to buy, without worrying about whether price will dump on you, while you're waiting.

swapping to USDT remains the best because its the most likely coin to be able to be swapped amongst other coins out there especially when it has to do with altcoins if you wound wan to reinvest in other altcoin i don't think its going to be easy to swap directly from one altcoin to another because some of them may most likely be on different blockchain or may probably be to expensive to swap directly on most of the exchanges but with USDT it feels like actually paying in dollars to be ale to buy the coin and that's why it still remains a better option.

USDT appears to be the universal coin amongst cryptocurrencies because with it you will be able to probably get to be able to get to purchase both bitcoin and other altcoins in the crypto market but then you cant get to swap all altcoins directly to other altcoins and even bitcoin in most cases.

You can use this idea to sell the coin you have already make profit on, hold your asset in usdt, then target another coin which is already on dip and invest on it with your profit from initial investment, then the real capital should then be reinvested back into the coin by buying it again at dip, then hold the two investment altogether till the market rises before you selling them

It really depends on your preference if you want to do it or not.

Personally, I would like to convert my altcoins to BTC given the potential of the latter to skyrocket on its price. From there, I will HODL until I am comfortable enough with its price on the market when I determine that it is ripe for withdrawal.

You may consider keeping them also in such altcoin in order to avoid paying extra fees, etc. but be reminded that the movement of some certain altcoins on its price are relatively lower in volatility compared to BTC.

IN CONCLUSION:
Depends on your preference but I highly recommend that you convert it to BTC for both short or long-term investment/HODL.

I think you cant simply trade directly on cex on which your token can be convertible to another token but you mist have converted yet to usdt cause only few might be supported. But on some dexes there you could simply convert to other tokens but expect some gas fee is much bigger than normal queue.

I think in terms of fees both are fine.

that's very good to hear, congratulations to you. your decision to diversify into 4 altcoins at once is also quite good, because putting everything in 1 basket is not good either. but i have a question, do you also invest in bitcoin? because if you hope that in the bull run the 4 altcoins you hold will rise, you should also be sure that bitcoin can provide you with the potential for quite a profit.

Why not sell it, use the USDT to invest in bitcoin, altcoins are not reliable like bitcoin. New altcoins are not promising, because I know as an investor, you would like to hold for a long time, Bitcoin allows you to hold for a long time and you will eventually get your return on investment upon holding. So I will advise you take the profit and invest in a stable coin like bitcoin, it seem to me like you are more involved in altcoin investment, which is more like exploring but try and also do more on bitcoin.

Not a good plan, most people have done this and in the end they would have done better if they held the first coins, the thing is it's not easy to find gems.

If one project give you 10x return it is not even an altcoins season yet, it is good to take some profits off the table but it is likely goung to be a bad idea if you invest all that money into another altcoins, because they might not perform very well.

A gem is a gem, when a full alt season starts they will blow through the roof, and your newly selected altcoins might not do very great like the first picks, stop jumping from one to another project.

If you made your mind that you are going to buy y coin with the profits from the x coin and if you find pair of x-y coin in the exchange you trade then I don't think there is any reason to sell for USDT then buy with USDT cause it's just double your trading fee and consumes more time than what it is supposed to be.

If you made profit from altcoin then I suggest you to cash out the capital first which you just withdraw or invest in BTC then diverse the profits into multiple new coins will increase the returns.

A lot of people, not me made this mistake in the last bull run. What they did was after making huge profits from altcoins the invested, they reinvested the same money into altcoins that has not pumped yet and that's who they made one the biggest mistake they will never forget, they lost most of their profits investing in those coins, many of them even died and never resurrect again.

My advice is that if you are holding a good coin and you know that the coin has potential to move up for more, why not live them instead of going into another dangerous coin that may even fail you. The devil you know is better than the angel you don't know, so be careful with the market liquidity exits from whales.

I'll go with swapping because it's very important to speculate the necessary projects in the space. We invest in altcoins with the intentions to earn enormous profits at our ends although it might seem difficult at some random phase but it doesn't mean we should let our guards down. You made your points and it's important scenario to always know the amount of profits you're willing to convert and if you missed out on a project, we should never back down from accumulating the desirable profits for our end.

To lessen the fees, and if you’re still planning to reinvest it, better to swap it directly but still it will be your choice. Taking profit is always advisable, and you should not hurry to reinvest it, again you should came up into a good investing strategy so you wont lose the profit you make. Reinvesting until you get the profit that you desire is always the goal.

The altcoin I took profits from was Arcblock - it has given me a 40x return so far which is great.

It could end up giving me over a 100x return or it could crash any day so it is not an altcoin I am super confident with it is just one I got lucky with buying near the bottom last year and it has done extremely well since.

I put profits into 3 altcoins in the current top 40 I believe will 10x at least this bull run.

Swap could save up the transaction fee if you just want to get it at the current price or in a rush, but if you want to play with your crypto by trading then trade what you are holding now into USDT then set up a buy order to the alt that you want, this way you could manage the entry price that you like, ( the only disadvantage is when the price goes up and didn't meet your buy order limit).
I prefer to swap rather than trade if I just want to hold another coin to save up from transaction fee from trading to USDT and buying the new alt that I want to hold.

Even everyone is having his own mind-set about these things but for me swap is never been ideal thing because if you are using this on any exchange then you will be not having good rate with usually they give low rate which are never been good deal for the person who is using this and if you are having option to sell them go ahead and then buy your required altcoins or tokens because this will take some fees but still you will be able to have better rate and good profit from this all.

Usually fees are not enough while you are trading but as you are going for the swap then surely you are going to have rate which is never been good and this is going to be had problem for you.

Maybe it depends on the network of altcoins that you will sell; if the altcoins that you will sell or swap have different networks—onchains—of course, choose the one with the lowest network fee. Right now, the lowest network fee I see is Bep20, but that depends on your OP.

Now, if you do it in your swap, it still depends on the platform you use, and since you are using Coinbase, as far as I know, there is an adjustment in terms of Coinbase fees when you use it in the swap category, and this is the link: https://help.coinbase.com/en/wallet/sending-and-receiving/adjusting-miner-fees.

I do not use coinbase but I would assume that pretty much with any exchange, it’s much more convenient to just swap it. Unless you decide to not buy the new altcoin you want to buy immediately then I would suggest switching to usdt first to hold.

Otherwise, it would take you less time and less steps to just directly swap them if both coins are available in the exchange anyway.

I usually prefer to swap to USDT and then buy whatever crypto it is. This is better to me because it helps you to keep easy track of what you are doing. The rate you bought at, and the rate your wish to sell. Some people still do the necessary calculations despite swapping directly between currencies, but USDT is simple and easily understandable.

You can be more specific about that category so that everyone can share more clearly about the plan or goal that it can achieve.

I think each person's investment behavior is always different and it is not fixed which investment will bring profit. As I am building a strategy mostly for bitcoin and only hold altcoins that I think are worth buying (low valuation, upside potential, technology, applications, team, community,...)

If there is a profit, it's not a big story, the important thing is what you expect that goal to be, I know some scenarios where you regret making a wrong decision, selling what you're holding and the price increases sharply. Meanwhile, newly purchased items show signs of decreasing. So right from the beginning, you should make your plan clear, not follow the trend that is being spread and then there will come a time when you realize you are going backwards and going through all kinds of ups and downs of profits but not getting anything.

USDT is the most widely used trade pair for every cryptocurrencies and there are very less options to transact against BTC, ETH or other crypto.
Personally I like the flexibility of having USDT than to exchange directly to a coin like BTC or ETH. If you are doing the exchange option to directly exchanging one altcoin to another in exchanges, you are still going through Alt to USDT and USDT to alt route paying the same fee. If you are manually transacting, you can look for better rate and has time to change your mind about the alt you are going to invest on and the amount. You can also maintain a balance to DCA your investment.

Me too and you're right with that. If someone wants to swap crypto, the best option is to put it first into USDT or other stable coins. You get to see the amount of it and you don't have to compute this and that when the conversion happens. You keep away from the away of the calculations that sometimes are going to confuse us when we're doing a lot of things and yet we have to do these trades. I guess that's becoming the process of most people, traders and not.

Asking how much was invested in the altcoin is not necessary the most important thing is that some profits were realized because altcoins are very risky so if he made some good profits in the one he chooses to invest on is fine even if the investment may not be a huge sum.

From $0.11 to $4.26? wow a whole lot of profit you got there depending on the amount you invested in it and converting it to USDT is good but don't be overzealous about the other altcoins you want to switch to but I wish you luck in the bull run.

Nah, I was just curious on how much he had started with and the actual gain. But he's not obliged to answer that.

I haven't made a lot of altcoin investing and that's why I'm only asking his actual profit and the capital that he has invested with it. If he's not going to answer it, that's fine and no worries.  :)

Although OP it's up to you to decide which action to take but I would suggest you don't loss every thing at once buy swapping to the new Altcoin.

Finding a good project isn't easy so if you see an alt that is doing well correctly and you wish to take profit then what you have to do is keep a certain amount of that coin back sell only what you thing is necessary then you can use the profit to invest in the new Altcoin you wish to invest in.

This means that you will be maximising your profit by not lossing the first coin and even if the new Altcoin don't perform very well you wouldn't be in a deep loss as you would have been if you swapped directly.

Boyptc - it was a $360 investment.

I have taken the $360 out plus $2k profit so far so I am now holding a free bag which is currently worth $9495 - it has been my best investment by far so far in my crypto journey.

I am just not sure if I should take more out at this current price or hold and be brave hoping it goes a lot higher by the end of the year in the peak of the bull run.

Congratulations and all I can say is great job.

Well, you're free to do what you think will benefit you. You've taken your initial capital from it and you're in profit and as you've said, you're holding a free bag.

That's for you to decide and you can explore more freely without having a bad feeling about it whatever the results will be.

I think I am just going to cash out every $3 it goes up from now on.

I have seen price predictions for this bull run from $10 - $50 so I will leave 1000 till the peak of the bull run and hope it is closer to $50

That's a lot of price for the prediction. But you know what you are up to and you have price targets.

So whatever happens to that and it has reached your price and expectation, always secure for yourself. Yes, the profit should be secured for you to be able not to miss every opportunity that's already at hand.

Always you should swap your token to stable coin like USDT and then you can buy another coins you want. Usually the coins and tokens are in USDT, BTC, BNB, ETH pairs so you cannot directly swap any of your tokens with other tokens or coins even if you want to.  So if you swap your tokens to stable first and then buy another token you will have a good measurement of how many dollars it cost you per token if you always calculate $ for your profit

Well said Mate. I don't suggest he swaps considering he made profits off the token. It a great idea of converting to fait, and withdraw. Also mapping out the money to be invested in the other wether it worth it or you re-invest.

But still be cautious of Altcoins, make profit and withdraw nothing is certain, invest in Bitcoin which has proven and not mere pump and dump coin.

Well, I am wondering what you would do if you take $3 cash continuously for 5 times and then the price goes down, where do you define as your stop so you continue taking $3 gain? $3 from the dip? Or does the dip need to clear and get back to the amount it was, then you wait for $3 gain on that? For me I think a best to have a target which can be hit at once instead of taking the gain in such small bits.

Im not 100% sure but think you misunderstood me.

I mean I will take profit every time the price of Arcblock increases by $3.

So it is currently at $4 , so when it gets to $7 I will take some profits , when it then gets to $10 take some more.

If you really want to immediately own your target coin, then exchanging it directly is the best thing. However, if you feel that the price of the coin you currently own will fall, and still want to wait for your target coin to have a suitable price, then exchanging it for USDT first is a good option. However, it all depends on you. If it is at the same time, then both are the same thing, but it would be better if you swap directly.

It all depends on the means you are using to swap or sell your coins. If you are using an exchange, it will be more easy for you adon't have to sell before you swap the coin. If you are using a wallet then you would have to swap with gas fee which could be bigger depending on the amount and what network you are using. If you are using a network that requires higher gas fee the you will have to pay more for the transaction to be completed. It all depends on our  choice

  I think I also have the same initiative here but I would rather OP hold the current coin as long as it is not failing yet but if op thinks the coin is holding currently is about to fall then swapping directly would be the best advice but if the otherwise then he should split the coin swap the other part of the coin then still hold the coin because one does not know what way the market goes.

It might end up going high after op decide to swap or sell which will end up in regret so I suggest op still holds the coin in the meantime swap the rest for the new project which he thinks is better or wil do higher. As long as profit is what we aim at then op should do the best he can just to maximize profit.

Do the one that is more easy for you, it's just the same thing. If you want to spend all the profit from the other  investment, you can just swap to the new asset you want to own but if you to want to spend all, only swap the amount you want to the new token. If you swap directly, you will only spend a one time fee but if sell and buy back that's twice fee you spend.

The transaction fee that may be charged if you swap directly from one particular coin to another may be kind of higher than when you convert to a stablecoin before buying the desired coin. I would have told you to find out but it is not worth taking the risk. Do as others have advised you to, first swap to stable coin before swapping back to the new asset you want.

I understand better now. Yet, what I am still asking is that assuming it gets to $7 and you take profit, then $10 and you take profit, then it falls back to $3, when will you take the next profit? $13 or $6?

check slippage percentage you might find the swap platform lacking liquidity that causes there to be some big slippage that can cut some of your money, also check the fee required to execute transaction as well and see whether your really want to swap it instead of using exchange, personally I just use exchange its just a lot more convenient for me, no need to think about slippage percentage and fee, just fill in some buy or sell order then its all set and there's more likely close to zero fee so its really not gonna hurt if you just trade your investment into stablecoin occasionally since if we are talking about making profit its also better to cut down fees so that it don't eat our profit.
just imagine if ethereum gas price were still 30 gwei with current ethereum price its gonna cost you around $50 to swap alone that already eating up your profits and also without taking into account things like slippage which happens a lot to a coin with low liquidity provider in swap platform like uniswap.

I think both transactions would have high transaction fees especially if you are making transactions in a centralized exchange so I think you will just be doubling the transaction fees if you switch to a stablecoin first. The transaction fees would also depend on what specific stablecoin you want to switch on to. I think it would be better to just swap directly.

In terms of the ending it may be the same and there is no significant difference in that because in the end you just want to exchange the old altcoin so you can buy a new altcoin on the market. And it wouldn't be wrong for you to choose the option of selling the old altcoin for USDT and then using the USDT to buy another altcoin, because currently there are still quite a lot of USDT pairs among all altcoins. However, if you have the option to exchange it directly, I think that is also better as long as you don't incur excessive fees for this action.

It's better to sell first and get some decent income from your profit and buy some things that make you remember your successful stories as a crypto investor and that will make you motivated to wait for a bull run next time or for the price to increase. Also, you can spend it on other things like investing it in some small business which you can do in your place because others have bought agricultural lots with their earnings to make their investment expand further without focusing on cryptocurrencies at all. Because converting it all into other altcoins is risky and not recommended.

If you want to do a swab first look at the value you are swabbing and target a coin that really has a good chance of buying it later, or if the price is high, convert it to USDT first while waiting for your target coin to drop even lower.

I don't think we will lose if we don't make a purchase for just one day and survive for a while with USDT. When it's time, buy back into your trading account for the coin you want.

In my opinion, if the coin you are holding has made a profit, it's best to sell the coin first and buy another coin that has the potential to provide a profit in the future, but if you want to exchange the coin for another coin then you're afraid, the transaction fees that may be charged will be very large later even if you exchange it for a stable coin first such as USDT,

In my opinion, selling first and buying another coin is a better way than exchanging it for another coin, because the gas costs of selling and exchanging have different costs and it is clear that selling is lower than exchanging.

You have made a profit in your investment already, so it is better you sell it for USDT first. Wanting to invest in another altcoin immediately after earning profits from your earlier investment is not advisable now. Other altcoins you want to invest in, do as much research about them to know their potential of giving you plenty profit in the long run just as this one has given you. If you think too much about the transaction fees to buy later, that would only make be at an higher risk if you’re not sure of the coins potential that you’re swapping to. Take your time to get as many confirmations before continuing with the choice that will give you good profit. The good part of the initial investment is that, your aim of investing to get profit has already been achieved, so take your time before making the next choice of investments because of the long time effects of altcoins of not trusting very well for a positive outcome after investment.

If there is swap option then I advise you to do that because if you sell it, the total coins will not complete and after selling them and you buy the coin you are talking about or like to swap. The total number will not complain again because the buyer must have his cut for the profit would make so the best way to go about this is to swap it and not to sell and reinvest again that will not benefit you.
And I will say you should stay (invest) were you are because you don't know the outcome of the project you want to swap to. If the coin or token is doing well for you, just sell it and take the profit.

Exactly It is not idea to sell one coin and invest in a lower project, that calculation might run at lost because the risky there very high. You have been investing in a particular token or coin and the coin has declined or reduce in price and you just like to invest in another coin that is more lower than the present coin you are investing so that you will gain more, hey mate, experienced is the best teacher, I have done that and I don't think I will advise someone to do that again because you will lose the more.

I sold some of the percentage of Bitcoin to invest in Ethereum and I can see the loss I made from the investment. I invested in Ethereum when the price was $3,658 and that is about 4 month now and till now the price has not reached $3,400 and I have sold 20% of the investment as lost price. Jumping from one coin to another is very dangerous. You can lost everything in the process.

We all are in for the profit, so if a token that we currently have, earns it for us, then they are worthy to keep except only if we are 100 percent sure that they will collapse later on. If the platform allows, we can just swap them right away to the other coin of our choice as I think that is much easier and maybe we can save some transaction fees with that than doing it the other way around.

Holding a crypto is better than having a fiat in terms of inflation and with the popularity cryptos currently have, it is now possible to use them directly. Soon, fiats might even become obsolete which is better and a dream come true of a crypto enthusiast like me.

I do not think that there is a big difference between these two things. Don't get me wrong I am not saying that we are going to face a lot of trouble if we do one or the other, we are going to realize that both of them are quite normal and we shouldn't really see difference. I have done both and there wasn't any difference at all.

The reality is that not a lot of swapping options do exist in most places, so you are dealing with places that you do not like, that is why I end up selling first and then buying later because that is the option I am given, not because that is better but because that is what the dexo r the cex I am using offers at the moment, which makes things a lot better. I do not think that it will be cared or have financial consequences to pick one.

You can swap directly in an instant to see your profit as liquidity will show up once you hit the swap button, just make sure you have enough gas fee for the transaction. Using coinbase is reliable too, same with other cryptocurrency wallets like trustwallet, metamask and other trusted applications that caters swapping.

That's right and the platform you mentioned above provides swab services too. I often do this using metamask which is simpler, easier and faster without needing to connect here and there.

As for gas costs, it depends on the network, if it's busy, of course it's a bit expensive, but if you use BSC, I think it's still quite standard.

Just OP executes if he wants.. ;D.

And now ETH has hit 3,700 dollars. This means you have made a small profit if you still hold it. Maybe this is not a big profit because you bought it at $3,658. But this proves that if you have a conviction and you use cold money then you can still make a profit in crypto.

Jumping from one project to another is very risky. I prefer to stay in one project but it is a project with good fundamentals because I like to hold coins for the long term.

There is no profit yet because when you buy a coin the buyer will pay you lower than the selling price at that time so the coins would reduce and before the coins will start to make profit is when the price hit $4,600. Therefore for now I am still at the losing side of the investment but the remaining coins will there for years to cone. There is a prediction that Ethereum will hit $10k in this bull run but that prediction is not really impressive because the movement of this coin is not encouraging me.

You are correct, so from my opinion, I think instead of you selling your coins because it's reducing due to price fluctuations, it's better to swap the coins to a stable one. For example one invested in Bitcoin and Bitcoin is reducing in price, it would be wise for the person to just swap the coins from BTC to USDT then wait for the perfect time then reswap it to BTC.
Swapping from Bitcoin to USDT will not take use of your time especially if the Bitcoin is inside an exchange. But selling and buying again will take a lot of time as you will have to wait for awhile so that the vendor can be able to pay, and in most cases, ones you sold your coins you might use the money because it's fiat and fists are easily spent.

No no no I don't don't do that to migrate from one coin to another. No. I invested to the coin because I like the coin so there is no need to swap or convert to another because of the price fluctuations. No cryptocurrency is 100% stable and all have their specific time that it moves up and down. The only stable Currency I know was the National Fiat money but in these days, Fiat money is more volatile like the Cryptocurrencies.

And I will use my country economy to show example. People are buying naira now to hodle till when it rise in price then sell it. And the government is doing that and that is why they don't want to stop the inflation in the country.

If you want to reinvest from shitcoins/memecoins/newcoins to the top coins with strong fundamentals, it is good idea. It means you relocate your funds to safer coins. I also already take profits on some coins that I assume they already hit the peak and look like difficult to continue increasing. Most of them are hype coins with weak fundamentals and new altcoins, these type of coins won't last a long time increasing their values. Even some new altcoins only increase the prices when it is launched in the exchange for the first time, after that they tend to decrease their values.

However, it is also good if you divide the profits. A half convert to USDT and the rest to reinvest to top coins. In this way, you can safe some profits but you still can continue to invest in safe coins. Sometimes, I choose this way if I think it won't be a really good time for using all the funds for collecting more coins. Just take a research first, it will help you to take a better decision!! Good luck...  ;)

Well, what I am trying to say is that instead of anyone selling their coins because of the way Bitcoin's price is fluctuating downward, it's better for them to swap their coins to a stable one. My reasons for saying this is because the time that will be consumed for the person to sell and wait for the Marchant to credit before he will release coins might be too much and if the person who's selling is in a hurry to attend or do something else, he should only swap the coins and keep. Besides, after selling coins into fiat currency, there might be an emergency, and you won't know when you will use the money to solve it. Yes, there's no coin that's 100% stable, but there are some that are 90% stable.
Why I am talking about swapping and from one coins to another is because of the topic of this thread.

with spot trading or investment its always game of waiting, previous ath buyer of bitcoin already profit if they sell it now otherwise they lose same with ETH.
i personally never bought ATH but people could literally wait it out until price recover then they can avoid their losses but I think time is just too important for some people.

even ethereum right now having affordable gas already after the new dencun upgrade if im not mistaken where L2 right now can officially submit their transaction to main blockchain without the need to pay high gas fee.
it does helps a lot in swapping and I think whether exchange or swapping right now doesn't really have any difference.

the decision to take profits and move them to the top coins is very important, our hope is that our investments will increase. However, what needs to be avoided is greed, which is if we invest in altcoins and get a lot of profit, but we don't take it and move it to the top altcoin which is safer, things like this can damage the growth of our investment in a better direction.

Ordinary It appears when we first enter the market and make a profit. Of course. This factor will not disappear even once it has experienced a loss. Looking for the top one is good advice in my opinion and of course safer. Yes. Investing requires a strategy and it's not just empty talk if it doesn't end in failure.

the decision to take profit is very clear with a safe strategy we can rely on it by holding a good coin that the coin has the potential to rise higher if there is a project opportunity, we should not miss it that way we collect the desired profit by choosing the top coin which is safer.

I think it's also easier and convenient rather than taking it out of the platform. At least that way you can easily swap it when you want to or when you feel that the price is best to buy now.

There's also a higher chance to save the money if you don't directly hold it.

It all depends on your choice depending on which altcoin you prefer to invest in, in the discussion you want to sell the altcoin and you want to invest again in another altcoin. The easiest way to exchange is not to exchange from one coin to fiat, but to exchange directly to altcoins is easier and there won't be many discounts from the market you usually use.

Every time we make a trade, we have to determine the profit we want to get from the altcoin we have bought. If we have reached the target we want, my advice is to sell it immediately and then buy altcoins that have not been pumped. This is what I have done on every trade.because if that's what we do then we can get bigger profits.

Basically everyone invests to make a profit. However, if you have made a profit from the altcoin that you currently have, it is better for you to exchange it and then buy another altcoin that has the potential to increase in the future so that you can get twice the profit.This is just my suggestion but the decision is in your own hands

Swap is expensive in terms of fee structure that make it preferrable choice for small conversion but if you are about to convert decent amount then better use the traditional exchange where you can find the best price and less trading fee but the down side is you have to move from your wallet to exchange then convert from crypto x to USDT then USDT to crypto y then you need to withdraw so if you're sure that you can still save some even after spending in these then exchanges are the best choice.

It's your choice OP, but look at it this way too, investing in altcoins is like playing a gamble and if luckily you win and get profits it wise to first take that profit and withdraw it before investing into another altcoins cause there is also a big chance you lose it all on the other alt, so wise thign to do change to usdt and invest what you can afford to lose on the next alt, better have some than lose all.

Yes I will agree with you because altcoin too is luck. It is only when you are lucky that you can make profit from the investment and the same thing with gambling. So whoever investing in altcoins, should prepare for to face risk. But if the platform has the option of swapping then I will do the swapping because considering the on-chain fee that will be paid when selling and reinvesting.
But that should be a decision of the investors to know which one is preferable and no one here can tell him what to do. He has to do the one that will favor him.

It's your choice. Do what you think is best. However, if you have coins you want to sell and there's an option to swap them directly for the coins you want to buy, that would be the best option. Otherwise, you can always sell the coins and then use the proceeds to buy the new ones.

The question is if it's on the exchange, so you will pay fees twice. If it's on the wallet, you need to bridge stable if the assets are on various chains. So, it depends on the exact situation!

swap or exchange USDT first? choose the one that costs the smallest transaction fees. but in my opinion the problem here is when you want to exchange an altcoin that is performing well with another altcoin that is not necessarily performing well either. You have to be careful careful because most altcoins are not worth investing in long term and if you make a mistake in investing you will lose the profits you previously made.

Do it first which means take the profit first, sell it to USDT, then start the next step by researching other potential altcoins, don't waste your profit, that's my advice. and be careful with new altcoins, don't be lulled by offers, we must be alert, we must understand the framework of the building they are building, must be in line with the journey map that has been laid out

If I'm on the situation, I would probably swap it out if the altcoin that I want has a pair with the altcoin that I need and if it has a sufficient liquidity that the price impact on swapping is not that large. I would check out and compute the loss in swapping, if I can take it, I will just swap it because it is less hassle and straight forward method. Though if you want to maximize your profit, trading it to stable coin would be the way and of course you can choose to buy any altcoin on the market with the stable coin you have since most of the good altcoin has a stable coin pair.

You must be able to ensure first that your next choice is the best choice. Because selling a coin that is performing well, then buying a coin with a low level of popularity, will lead to disappointment. Coins with high levels of price fluctuation can certainly easily generate profits.

If you have got a coin that is performing well, I think if you want to take profit then it would be better if you took some of the profit, but if you are sure about the performance of the token then it is better for you to keep some of it. So you won't miss the opportunity if it turns out that the token rises again at a higher price. But you have to understand the risk that there is a possibility that an altcoin that you think is good will actually have bad performance in the future. If that's the case then taking all the profits is the best choice.