Bitcoin Forum

If not HODLer, what do you choose to exit from BTC?
Fiat?
Tether?
Ripple?
Dash?
Current day coin positive uptrend?

How do you exit and stand on side line, to then re-enter?...

Personally, I'd put my money in something like Monero.
It's reasonably small, but growing fast, and as well as this it's very appealing to less technical audiences due to the in-browser mining.

Although I don't see it being a big future in Cryptocurrencies, I think it stands a good chance in the short term.

Tether still the first and best choice.  But because alts are going up now, it is good to hedge the value of bitcoin in alts.

Im against Tether completely - so anything else is fair game as long as i'm not trading it for a potentially fraudulent coin.

In this current market i usually sit on the sidelines with Eth, but i never get out of Bitcoin completely (in case a pump occurs out of nowhere).

If you don't have any coins to start off with then you might want to just invest in something that is getting a positive price increase -Bitcoin is an investment that you'd might want to research on.

If you were a bank, hedge, or insurance company, would you give 50 million dollars to a company that just got hacked for 31 million?
That's what Tether is saying that's happening. The day after they got hacked they added 50 million more tokens to their supply.
Since the hack two weeks ago, they've added 200 million Tether tokens to their supply. That's equal to 200 million US Dollars.
Not a single official audit has been completed on their finances and assets.

You're putting your money into a system that could open up and collapse while you're sleeping.

I guess I would go to fiat if I really wanted to trade, since getting into any other altcoin could cause you getting caught into a bad move by the altcoin you get into even if for a short period of time.

I don't see anything wrong with using tether temporarily, for example to sell the $11k top and buy a nice $9k dip. Now it's too late, simply hold, we aren't going much lower than what we've already seen. Too many people wanting to get in at sub $10k actually push the price to $10k+ again so they don't want to miss out.

Remember that trading may end up increased taxes so you might as well hodl.

I will never exit on bitcoin anytime soon but incase if i do i'll go for fiat and create my own business cause investing in altcoins i might het caught with a collapse in price value after all altcoins are short live some of them doesn't even last a year and others has to many security flaw like tether. That's why bitcoin is still the best investment for me.

I will put some bitcoin in altcoin to trade and expect double and big profits, that way it might be better for me to run in managing bitcoin for the future.

If I choose to exit bitcoin, probably I will go ahead either with traditional bank deposits in fiat or ETH among other cryptos. Dash also looks good for investing seeing at the upward price trend but ETH is technically much more superior than bitcoin or any other cryptos available in the market. ETH is the main contender to bitcoin if you factor in the market cap. So it genuinely has a greater possibility to become the next big thing on crypto world after bitcoin.

I regret because I had a chance to buy ETH at 3 USD but I ignored. When I realized its potential, the price was sky rocketed to 300 USD. So I started investing in ETH at that price looking at future potential. So I am HODLing both bitcoin and ETH at this point.

Tether, to later buy again whenever the price decreased to desire profit.
At least that's what I'm doing now in my bittrex account.

I say stick to crypto. That's the point if the whole thing, using a crypto currency. Going fiat unless it's to make profit is like gong backwards.


Why though? Don't you use bitcoin as a payment option anywhere?


It's very difficult to tell what will happen. I'm not so good at doing it in reverse like you are I don't want to sell my bitcoin though you can make profits if you do then buy your bitcoin back.