What to do with nonsignificant altcoins

[roosbit]

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.

[firmino10]

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

[AmoreJaz]

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.

[EddyRobins]

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%

[Spaffin]

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.

At the moment, probably all cryptocurrency users will agree that the most profitable asset for investment today is Bitcoin
 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.

[ivankoh]

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.

[konflikkastil]

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.

[Novatech8]

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

[Leif D]

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.

[isaac_clarke22]

~

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.