Convert or HODL?

[Wysi]

After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.

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[AB de Royse777]

Not long ago Bitcoin price was $3.3k. There were people who held. Bitcoin was over $10k, people held. Bitcoin was over $19k, people held.

So I do not think there is any reason to convert unless you are very sure that USD price will go down more and you can buy at cheap.

Just HOLD!

[Oasisman]

Why do you need to convert it? You doubt Bitcoin will going to have zero value? Or you can't stand looking at the price dump so hard? I mean the wisest choice is always "hold" until you reach the target range.
You will never know when will the market starts to pump even if you're monitoring the market regularly.
In fact, it is an opportunity to buy more during the price declines.

[Twentyonepaylots]

Always hodl, the spikes come fast a furious without warning, converting is just asking to lose out. Don't lose out.

Definitely, if you want to get out of the current situation because it isn't ideal then don't regret if it comes back and recover.

It all depends on you, if you really need your money badly then you can just pull it out with the value lesser than what it is back then. Converting now with the prices at the ground might be a crazy decision, so I guess holding is better. But converting and pulling out is good when you don't want to lose more, and re-enter when the market is giving a good sign of increasing.

[Rengga Jati]

Sure, I will HOLD. With the current drop: https://coinmarketcap.com/currencies/bitcoin/, the Bitcoin price is only about $7,800. It is too late if you want to convert to USDT now, why you didn't do it when the price was still above $9,000. I think it will be wiser to hold now than convert it at a low price. Better to hold and wait for the next rising moment.

[boyptc]

You should have done the conversion earlier but it seems too late. I will hold no matter how long this correction will take place. We can build our own strategy which will be comfortable for us so if that's effective and you are comfortable with that strategy, I understand you.

But I have never considered converting it to USDT.

[joniboini]

The answer depends a lot on each one context. If you need the money and need it quickly, but you don't have any money left, then holding would be terrible. On the other hand, recklessly selling the coins you just accumulate since a week ago is also a terrible move.

Ask a financial expert or better outline your financial life first before asking here. I bet you won't find answer here as most of them are just common sense.

[GreatArkansas]

This is the time for those people who telling before when Bitcoin pumps above $12,000 - "I'll buy at $9,000". So when Bitcoin visits again $9,000 and below, here are they afraid and feeling so down.
For what I experienced in this recent dump, I still don't sell my Bitcoins and still accumulating more. I understand the situation right now, it's not only in Bitcoin, but in almost markets worldwide, accumulation time.

[Twinkledoe]

The answer depends a lot on each one context. If you need the money and need it quickly, but you don't have any money left, then holding would be terrible. On the other hand, recklessly selling the coins you just accumulate since a week ago is also a terrible move.

Ask a financial expert or better outline your financial life first before asking here. I bet you won't find answer here as most of them are just common sense.

Totally agree! It depends on your current financial situation. If you have dire need of selling it because you need to pay your bills and food, and you still are holding, I don't think that's a good choice. Are you going to borrow money but you have crypto on hand? It's your choice! People here have different situations, so they will answer according to what they think is right but not really applicable to all.

[cryptoperkele]

After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.

Are you saying that you think it could go lower? What's your chart for that? I wouldn't sell anymore. I think we are in the major resistance level.

[DarkDays]

I'm staying well away from the market right now. It's too uncertain.

I recommend placing some buy orders above strong resistance zones, e.g. $10,000, $13,000 etc.

No point playing around in the market right now unless you're scalping or arbing. It's just asking to get rekt.

[bhabygrim]

It would all depends on you if you think that BTC would continue to fall then convert and buy back at a low price.
But if you think that it would start to go up soon then why would you even convert?
And if you couldn't decide or doesn't know what to do then I suggest to just hold your BTC instead of converting it.

[Agios]

I think, because the price of Bitcoin is below $ 8k, it's better to hodl it than to exchange it with stable coins like USDT, but if you dare to speculate it can sell / exchange at current prices, and wait until tomorrow or a few days later until the price of Bitcoin goes back below $ 7500 , you can buy or exchange it again.

[rhomelmabini]

HODL if you want your coins not to lose even a satoshi. Convert if you think you can get more from your current balance right now. As what @kingcolex just said if you convert it then an unexpected spike comes you'll probably lose more sats. Both are not a bad thing to do but if you can take the risks then at least try it but always remember "always risks what you can afford to lose".

[meanwords]

Dude, why would you convert? this is probably a good price to buy more then wait until we reach $10,000 again. Why would you think that we wouldn't reach that price again when it was proven that Bitcoin could do it. The only reason why we are being held at around $9,000-$10,000 was because of the plustoken scam that is selling his Bitcoin since august. Just a few days ago, they already sold their most Bitcoin and with that, I'm sure the recovery will happen. Just hold and you won't lost anything.

If you are still deciding to do so, just relax for a bit and stay away from crypto and you'll be surprised and glad that you didn't panic sell.

[TheUltraElite]

I think, because the price of Bitcoin is below $ 8k, it's better to hodl it than to exchange it with stable coins like USDT, but if you dare to speculate it can sell / exchange at current prices, and wait until tomorrow or a few days later until the price of Bitcoin goes back below $ 7500 , you can buy or exchange it again.

Price currently shows a downtrend towards 7k though. If you had fiat to hold this would be a good time to buy based on indicators showing "oversold". Don't know about holding stable coins though, while bear market is going on.

Converting is needed if you want to keep the cash flow going. If you hodl stubbornly then it is your loss only. Recycle the money at the proper points and then use those lots to keep the trading going.

[pooya87]

After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT?

first of all if you want to convert bitcoin to anything it must always be to fiat and not a centralized altcoin. specially not something as shady and risky as tether!

secondly whenever you see a big drop and want to think about selling you must do it in early minutes or hours of the drop and not 3 days after the drop started and price went down already. right now you have no way of knowing whether there is any more drops or not because there is no reason for it and there has already been a 30% drop which you missed. selling now is taking a huge risk.

[20kevin20]

The markets always went against my trades. I have no idea why the hell that happens, I may be extremely unlucky. Now I'd rather not trade at all than try my luck, because a simple paper calculus shows how much of a profit I could've made doing nothing and just letting my money sit in BTC..

[taufik123]

Convert or Hold is your personal choice.
I don't think holding it will be a problem if you already have a target price you want to achieve, the most important is the money you use, not the money you need at any time. Hold a few bitcoins and convert a few in USDT to make a backup.

Reserves are used to make buybacks at lower prices so that you will have more BTC at lower prices.
Hold and set targets, do not become weak hands by doing Cutloss, train your mentality, so that the target can be achieved.

[mahilchii]

In this tough market situation it's better to hold rather than selling in hurry, after this major drop panic sell has been extreme. Also buying BTC at this moment will be a great decision because you can sell them when it's price increases, BTC curve shows it the price may go down and anything can happen so just hold and wait for your turn.

[maxreish]

I'm always a long term holder. Came this far and did not ever think of converting it into usdt. Before, i also panicked converting my btc immediately when dumps happened but I realized if we are a long term holder, we tend to wait further calmly waiting for the big pump.
 
 The recent drop on the market make traders go panic, haven't we seen massive drop before? We should already know what to do now, better to hold.

[verita1]

I hold my Bitcoin for the firm reason that every time I can I should buy more. Also to manage my daily needs, what I do is convert my altcoins into USDT. It is the best way that works for me to hold my Bitcoin. I think everyone has their best strategy to keep their currencies, especially BTCitcoin

[cytpoway121]

After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.

I think the recent dump is actually a situation for panic and desperate need for money.
The corona outbreak forced the need to spend urgently for some people, while some fudded into dumping their assets.

There is nothing wrong when you convert to USDT, Because once btc dumps, you can buy back low and have even more satoshis.
Always dyor. and stay in profit.

[garyrowe]

After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.

I will look at this from two angles, firstly for those who have tethered, finding the new entry point is very important so as not to loose your position. As it stands I would suggest entering back into the market at different positions, this means it will be better to split your USDT into fractions and buy back in at different positions, as the price reversal might set in anytime. Secondly, for those who did not tether and where caught in the deep, there is no need to sell off now in my own opinion as the reverse trend might kick start any moment from now. Converting to USDT now might get you into a big loss. Just my opinion, decide wisely.

[White Christmas]

After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.

Yes I can say that it is still safe to hodl your coins and tokens until the market recovers especially right now that the bitcoin and the market is suddenly go down and it continuously dumping right now and it is kind of sad part because we are not ready on the sudden dump of this market. But I can assure that it is safe to just hold our tokens in order to not suffer heavy losses when we convert right after the coins or tokens that we are holding.

[kaneki007]

Don't hesitate to hold bitcoin, because if you panic and convert to USDT and have bought when the price is below certain when the price of bitcoin rises you will regret, bitcoin has gone through a long bear market phase and I think holding is the right choice. Keep track of bitcoin price movements.

[lienfaye]

Hold and forget for a while the current status of the market. In this way you wont be tempted to convert or sell your bitcoin. The crypto works that way even before and managed to recover in even much high price. So be used to it and have patience to bear the situation because it wont last long.

Nevertheless the decision is still up to you so think whats best.

[btc_angela]

After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.

There could be investors who convert and hedge their fund against USDT, I myself convert it to our local fiat. However, I have to wait for the price to really pick up before I can convert it again to BTC because of fees. So I stop doing that and just HODL on it and wait for the price to recover. You said you have capital to buy back more, then do it, nothing is wrong by HODL, you don't lose any money at all, just saying.

[Latviand]

If selling or converting would satisfy you as an investor, feel free to do so. But if you would seek for a better thing to do, it would be holding at this moment. There is an anticipated Bitcoin halving, which is believed to trigger an uptrend eventually. So if you do not want to miss the opportunity of earning huge profit by just being patient right now, you should not consider giving up as this early. The market drawback right now is just caused by the natural market volatility and there is totally nothing to be scared off.

Don't hesitate to hold bitcoin, because if you panic and convert to USDT and have bought when the price is below certain when the price of bitcoin rises you will regret, bitcoin has gone through a long bear market phase and I think holding is the right choice. Keep track of bitcoin price movements.

That is the problem to those people who are just into easily earned profit. There's no such thing in any investment. There will always be risk and your responsibility as an investor is to simply be patient and avoid actions that would harm your investment. Also, downfalls are not a new thing in this industry.

[Octular]

Personally I do not believe in being able to anticipate short term market fluctuation. If you believe in something long term, stick to it and try to not think about market fluctuations short term.

[alexsandria]

Hold and forget for a while the current status of the market. In this way you wont be tempted to convert or sell your bitcoin. The crypto works that way even before and managed to recover in even much high price. So be used to it and have patience to bear the situation because it wont last long.

Nevertheless the decision is still up to you so think whats best.

Actually it will be good if we will just keep on holding our coins than selling or convert it right away especially this time just because we are afraid on what would happen or if the market will continuously to dump because I believe that this is a part of the market situation in which it may really volatile in which everytime thrtr is a changes, but don't worry because I believe that this time will be a good outcome if we will just hold and not go with the flow of dumping the price and selling our coins or converting it.

[gandame]

Converting your bitcoin to USDT is a good idea, it only shows that you have made an immediate action to put your investment to safety.

You can also buy more bitcoin if the price of bitcoin will drop even further, and that will be + on your investment.

But as for me, I prefer to hodl until I maximize making a profit, since I prefer a long term hodl and our current market price is deeper than expected, I will probably add more into it.

[airdnasxela]

If you're also going to buy back Bitcoin after monitoring the market, you should have just hodl it. What if after you convert your Bitcoin the price suddenly increases, then you will just regret converting it. For sure most of us or everyone here would prefer to hold because we're here in crypto and it's normal for the price to change. But converting or holding it still depends on us. If you prefer it that way, you can do that.

[Reid]

This ain't a bitcoin discussion right?
More like trading to me.

As of the suggestion though, I would still HODL and I do think more us members here will also consider that rather than converting it to something else.
We need support in what value it should stay and that also means people keeping their bitcoin's in their wallet.
With that, we can assure than demands will come when there is lesser bitcoin in the market.

[plvbob0070]

I agree with the previous reply here. which just hold your bitcoin and don't instantly convert it by just seeing that sudden drop on the market. I also suffer big losses after the sudden drop of bitcoin but I still want to hold it and I know it will climb again to 10,000$. I'm pretty sure you are not the one who instantly converts their bitcoin into USD and there are always people who panic because of sudden drop and later on they just realize that they just lose the opportunity to earn more profit.

Just stick keeping your bitcoin and even it goes fall, try to stop yourself from selling it. IMO, long term investment will totally end up earning a huge profit. No matter what happens I will keep on holding my bitcoin and I will try to buy more.

[ballerin and giroud]

After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.

If you didn't let to sell your bitcoin then you have a right to sell them. For me it was really hard to figure out that the bearish trend will come or it was just a correction by some tradet who did bought and sold. I just choose to hold if my intention to buy bitcoin for long term investment, but if my intention was to trade then I will check the price movement closely because I need to sell my coin and let I got a small lose. By the way this time bitcoin price is increasing again, have you buy it again?

[FanatMonet]

I held Bitcoin when it cost $ 300, I held it when it cost $ 20,000, I held it when it cost $ 4,000, I hold it now, and I will keep it on. The truth is that I have a relatively small amount, so even if something not very good happens to Bitcoin, I will not be very offended.

[Linkkoin]

In such cases, converting or mere hodling may not be the best solution.

If panic rules on the market, many people stop thinking and as a result, BTC or another crypto may (and often does) reach the price level of underpriced. Therefore in many cases, the best choice may be simply to buy more (like all the whales do). Just remember that if you bought during the last cryptowinter (when the panic was much worse than now), Bitcoin bought then is worth more than 250% of the purchase price.

And remember that, stable coins are related to fiat currency, and countries like US and China already started next period of printing their currency out of thin air, so then the objective value of stable coin related to USD keeps going down.

[Golftech]

If you're also going to buy back Bitcoin after monitoring the market, you should have just hodl it. What if after you convert your Bitcoin the price suddenly increases, then you will just regret converting it. For sure most of us or everyone here would prefer to hold because we're here in crypto and it's normal for the price to change. But converting or holding it still depends on us. If you prefer it that way, you can do that.

If you know more deeper and you understand how to benefits then dealing with cutting losses will make it beneficial for you, but like what this replied said, if you are not good in buying back and suddenly right after your conversion and the value bounced back you'll be trapped and what you can do is to regret why you did such action. Take time to read the situation and analyze your next action, else, just keep everything and wait for the next bounce.

[LogitechMouse]

~

When the price of Bitcoin started to drop last 2018, some of the investors who bought Bitcoin at the top choose to hold their Bitcoins instead of selling it because of one word. "TRUST".

Now it is a challenge for the investors if they are going to convert their Bitcoin into USDT or just hold and just accumulate more. Well if you are a trader then you can do it but if you aren't a trader then it will be better to just hold it for quite a while since many are expecting that Bitcoin's price will increase before the halving despite the current events that is happening right now and because of this sentiment, it can make the price go high as more investors will buy BTC.

[Wintersoldier]

~

When the price of Bitcoin started to drop last 2018, some of the investors who bought Bitcoin at the top choose to hold their Bitcoins instead of selling it because of one word. "TRUST".

Now it is a challenge for the investors if they are going to convert their Bitcoin into USDT or just hold and just accumulate more. Well if you are a trader then you can do it but if you aren't a trader then it will be better to just hold it for quite a while since many are expecting that Bitcoin's price will increase before the halving despite the current events that is happening right now and because of this sentiment, it can make the price go high as more investors will buy BTC.

It is really challenging for every bitcoin users to decide whether you will hold or convert your bitcoin into USDT or fiat because the price of bitcoin is really unpredictable that we can't really say when will the price will go up or down due to it's votality. I think it is better just to hold your bitcoin just like what we did last year of 2018 because sooner or later bitcoin could increase it's price back again.

[rdluffy]

You have to do a plan and follow it
When I have to time to be well informed and look for great opportunities, I sell and buy again BTC trying to increase my BTC only, not in USD, only in BTC

But when I have to work a lot in my regular job, I just hold, it´s better than lost BTC coins, so it´s up to you do choose which option is the best for you at the moment

[KrisAlex18]

After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.

Do not worry about the market mate, there is no lose in investing, you can still hold your money anytime, you look like a typical beginner that panics when the market is down, when the bitcoin goes 3.3k USD investors still hold their money and when the bitcoin reached the 19K Dollars investors still hold their money, do not worry about it mate, you have to wait for the market to rise again the convert it on your fiat currency. The things happen on the market is a normal thing, bitcoin changes its price day by day so do not worry about it because in the near future, the market will goes high again. Everything is normal.

Always hodl, the spikes come fast a furious without warning, converting is just asking to lose out. Don't lose out.

Well said, the changes of price of the bitcoin is really fast, after a day or minute it can turn back on 9K Dollars, so do not pull out it, just wait for the bitcoin the goes high again.

[davis196]

After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.

I can't tell you what you should do with your bitcons.I can say what I can do with my bitcoins.
I will HODL until the summer.I don't care about the short term market panic.I don't care about coronaviruses and stock markets.I'm not a day trader,so I won't sell now and buy cheaper BTC later(if the bear market continues).You can do whatever you want with your coins,but don't seek for trading or financial advice here.It looks stupid to me.

[Yatsan]

After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.

I can't tell you what you should do with your bitcons.I can say what I can do with my bitcoins.
I will HODL until the summer.I don't care about the short term market panic.I don't care about coronaviruses and stock markets.I'm not a day trader,so I won't sell now and buy cheaper BTC later(if the bear market continues).You can do whatever you want with your coins,but don't seek for trading or financial advice here.It looks stupid to me.

That's the benefit of long term trading  Little dump is not going to affect and you, and this is my advice for trader's out there, as long as you don't need money to buy anything or if it is not emergency then, don't convert! it is just going to be a loss if you are going to accept and and convert it into fiat, as long as your coin is on negative don't convert considering that it may pump and you are going to receive you profit. Here in trading, it's just a battle of patience! so always HOLD!!!   

[kentrolla]

Hodl, if you are desperately looking for some profit. The market is very volatile right now converting to USD I really do not have an idea about that, In this short term movement just don't panic and sell your holdings. Just buy as much as you can so that you can make a bunch of profit in near days. Just analyze each and every movement of the market and research on it then one-day you will deserve with money for your patience and time.

[XCANA]

There are instances that will warrant holders to convert but haven't see such instance yet as the market has been on a good and positive momentum. The price of Bitcoin still stage at a reasonable level which its resistance is $8k-$7k nothing is wrong holding my portfolio's as far that, the market will react back again as soon as possible. Convert to USDT will make you as the converter lose out of the bubbles to be created if the price of Bitcoin bounce back. I like holding for maximum rewards and not just to hold with a weaker hands.

[Viscore]

It depends on a lot of factors, if you are into short term trading you should figure out the right timing to convert it to usdt, otherwise, you might regret it in the end, now that it seems the market is now recovering again, maybe you'll try buying btc again if you have converted it already to usdt as after the $8000, next stop might be $9000 again.

[Yamifoud]

After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.

And when it comes into reality, most Bitcoin holders are now selling their BTC's and converted into fiat for they are in troubled. If you want to gain profit by now, you'll probably be doing it.

Yeah, we don't lose our trust towards Bitcoin but in a situation like this, you'll have to think also what is good. Holding may not good all the time, even we think that Bitcoin will still recover in the future. For example, if you bought Bitcoin at $7k and you sell it today, definitely, you are gaining. But if you continue to hold, there is a possibility that it drops below $7k then you can be at loss. Why not taking advantage while the price is high, besides, you can buy it back again if you want to.

[Sterbens]

It depends on a lot of factors, if you are into short term trading you should figure out the right timing to convert it to usdt, otherwise, you might regret it in the end, now that it seems the market is now recovering again, maybe you'll try buying btc again if you have converted it already to usdt as after the $8000, next stop might be $9000 again.

I am not good at short term trading so I prefer to hold in a certain amount of time I already hold some assets of bitcoin and altcoin but I see the movement of bitcoin seems to be recovering but I will monitor the market to see the current situation, maybe I will buy again to increase my profits in the future.

This is a good opportunity to take advantage of low prices, as long as you don't panic when the market is red.

[Free1bitco.in]

actually I do not recommend it, it's just that I also had time to change my bitcoin to ethereum, or another altcoin. however, until now, I still hold it in. however, I think halving will have a big effect on bitcoin, and that will happen 3 or 4 months from now. if a pump occurs suddenly, then the decision you made is wrong. it's just that, if it goes down lower, I think that's the right decision. only then, you need to think about the best decision, keep or buy again.

[Shasha80]

The best decision with current market conditions, my advice is to hold the bitcoin that you have. Because if we convert to USDT,
means we cut loss and it makes our capital decrease. After that we may not be able to determine the lowest price from bitcoin.
What is feared after we convert into USDT, bitcoin will soon go up in price instead of going down. Then from the safest way is to
hold bitcoin that you have, until you reach the desired target.

[fabiorem]

If you have a quick way to convert to a stable coin, do it, but pay attention to the fees.

Also only TA now is valid. Pay attention to every single movement. We are in a bear market and if its confirmed to be a eternal one, we will have to adapt our strategies. I have been holding since 2015 and I'm not seeing all those profits the church of hodl praise so much.

Holding only makes sense when bitcoin is free and unpegged from stock markets and paper money, because then its garanteed we will have at least one year similar to 2017. However, recent movements have proven the current year is not similar to 2016. If the current year is compared to 2014 or 2015, then FA is busted, and we need to prepare for a upcoming eternal bear market.

[thisnewcoin]

You made a great decision by converting Bitcoin into USDT, I did the same because it helps a lot. I sold/converted Bitcoin when the price was 9100 USD, I saw the price chart and it looked a dump is coming, though I did not expect this major dump but yet I converted my BTC into USDT, and look now, Bitcoin price has dumped highly and it went to 7600$! Now I can buy Bitcoin and it will give me a greater amount of Bitcoin with the same money. It's a very good trading strategy I believe, so, ignore them who only suggest holding.

[Wysi]

It depends on a lot of factors, if you are into short term trading you should figure out the right timing to convert it to usdt, otherwise, you might regret it in the end, now that it seems the market is now recovering again, maybe you'll try buying btc again if you have converted it already to usdt as after the $8000, next stop might be $9000 again.

Yes indeed we need to take decision whether to convert Bitcoin into USDT or just hodl completely depends on the kind of investment we are making as coverting for minor dumps for long term investors will not make sense but as you mentioned I am looking for some short term gain so it will favor my situation wherein but I have to keep myself updated for 24/7 in order to incur further loss as I will not be able to buy back the same quantity which I have already converted if the value of Bitcoin bounces back.

[Kelvinid]

Decision making may vary when you are in the actual scenario just like now. We need to keep track of our investment and so we can't be in regrets if we miss something around. We've noticed the drops and could we think that we still need to hold? Or just sell it? I don't think this is not a hard thing to decide when you know what is next but it all been unpredictable which sometimes we need time to think of it.

But for me, selling is the best choice if we are already gaining. Having 2-3% market profit is good enough already. We're not supposed to tend to hold anymore cause the market is already in declines and selling it now is the safe way not to lose. We need to be practical though.

[Jeremy Franklin]

After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.

Convert all your bags into fiat, I will buy them bro. Nobody has a crystal bowl an call tell you the future. So instead of asking random dudes in a forum how to invest your money, better start analyzing some charts or think about a strategy how you want to invest. From your post, it looks like you have no clue what you are doing.

[Hypnosis00]

It sounds like we've been hearing for another hodl...hold...we're getting back into $4K again? I believe this drop won't get hard as halving comes in the coming days. FOMOeng may start again for sure if this trend will continue for another week. It was just to think about what should be in good to us and for me, I have to convert it now into fiat and take a look next week if there is market improvement then have to buy back again.

[el kaka22]

I would say that holding as always been a favorable choice when it comes to bitcoin except a rare time in 2018 when it never recovered back to 20k but aside from that in the past 10 years there isn't a single time when converting was more profitable. I would say if I were you I would definitely hold it as much as I can and even buy as much as I can and keep it going that way until one day you feel like you profited enough to get out, that is the best way to do it.

Additionally, I do not understand people who go all in all at once, that is not really a great idea, I would say go in slow by slow and that would be much much better. In the end I don't know what to say so just keep it as much as you can but if you HAVE TO sell than there isn't much to talk about since that is the only way without going to debt and debt is worse.

[OrangeII]

It sounds like we've been hearing for another hodl...hold...we're getting back into $4K again? I believe this drop won't get hard as halving comes in the coming days. FOMOeng may start again for sure if this trend will continue for another week. It was just to think about what should be in good to us and for me, I have to convert it now into fiat and take a look next week if there is market improvement then have to buy back again.

I don't think that the price of bitcoin will decrease to $ 4k before halving, but, so far, the decline in the price of bitcoin brings prices back to the beginning of 2020, which is $ 7.3k to $ 7.5k, in fact, I think that the price is likely to decrease even further. I don't recommend converting right now, but if you see a better potential for altcoin, I don't think it's wrong to convert.

[TheUltraElite]

The markets always went against my trades.

Dont let that thought get the better of you. Bad times happen to every trader but it is important to note what went wrong from your side. Panic buying/selling or going FOMO? Not buying the dip or mistiming the order?

I have no idea why the hell that happens, I may be extremely unlucky. Now I'd rather not trade at all than try my luck, because a simple paper calculus shows how much of a profit I could've made doing nothing and just letting my money sit in BTC..

Long term hodling you mean? Yes that is profitable considering you bought at three digit prices and now the price is obviously more than 10x of the buying price. But then again there is always the good effects of using a 1000$ capital to buy sell daily and keep the money flow coming in. Converting to fiat makes you exit the market temporarily to tide over bitcoin bear scenario.

[Kasabus]

There is a major dump on bitcoin, so I guess it's time to convert now so we will not face another possible loses.
With the way the price is going, this seems like the market could still go down, people panic about the corono virus and this is a serious problem that will take time to solve, so better make a wise decision, if it will dump even more, you'll be safe and you can start accumulating also.

[akopjpuge]

If your alts still have % of gains you should covert it to btc as its the best way since if btc dumps more then you have a chance to buy those alts more in a low low prices. I've done it with eth. But sadly this time I'm late 😭

[shoreno]

you have waited for the dump then that is the time you convert your btc to usdt ? thats sounds odd  .

you could have loose then but it still okay to do if you are afraid to think that if btc can go down more  .  i dont convert my btc to usdt but if ever i will , i will only convert it on the value that i like ( 10k above or more ) if i ever im late to convert , i will not ever convert even if its droping continously  because i strongly believe that btc can always go back again to where it left  . 

[tbterryboy]

I have no idea why the hell that happens, I may be extremely unlucky. Now I'd rather not trade at all than try my luck, because a simple paper calculus shows how much of a profit I could've made doing nothing and just letting my money sit in BTC..

Long term hodling you mean? Yes that is profitable considering you bought at three digit prices and now the price is obviously more than 10x of the buying price. But then again there is always the good effects of using a 1000$ capital to buy sell daily and keep the money flow coming in. Converting to fiat makes you exit the market temporarily to tide over bitcoin bear scenario.

Going all at once is actually something smaller fish has to do. I mean when you are going in 100 dollars you can't divide that to 10 bucks at a time, you have to go all in that 100 dollars so that you could make some money from it.

I personally would prefer if there was some sort of big amount that I could not go all in but go slow by slow however I didn't so I went all in with the small amount I had. Now I am not doing so bad and I do not go all in anymore but that doesn't mean we could tell people to divide their money into multiple entry points just because we can do something like that. I would however suggest even the smaller investors to go out there and find all the ways you can make crypto and earn it as well, what you earn as 10 dollars today could be 100 dollars tomorrow.

[Viscore]

you have waited for the dump then that is the time you convert your btc to usdt ? thats sounds odd  .

Maybe he was thinking of a possible more dump, so converting early is better even if he has to cut loss, that's how traders think, they don't just ride with people saying "HODL" as it does not do good all the time, and we witness what happen in the past.

[Smitty Werben Man Jensen]

After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.

if you want to find safe it is better to convert to USDT or other stable coins, currently Bitcoin is still undergoing consolidation, and charts show a bearish flag pattern, all coins show the same pattern, Bitcoin, Ethereum, Waves I see exactly in the 1h time frame

[Kelvinid]

After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.

if you want to find safe it is better to convert to USDT or other stable coins, currently Bitcoin is still undergoing consolidation, and charts show a bearish flag pattern, all coins show the same pattern, Bitcoin, Ethereum, Waves I see exactly in the 1h time frame

That would be a smart thing to do but the others think it negatively coz it only helps the market to dump. Well, we are bringing our own life and our investment, if this could help to prevent from losing, why we shouldn't have. And to be honest, I'm not a kind of strong holder and I put in my mind that once I gain already, I have no doubt also to sell it then wait for the price to drop and buy back again. This what I usually do and I feel it was effective, and I believe also that the others might make this thing as well.

[ScamViruS]

After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.

It all depends on you, how do you feel safe. If you have good knowledge of trading you can convert. However, I prefer to HODL. Because now the market situation very confusing no one know how to react market in the coming days. So holding on at this time seems to be a good option.

[Farma]

There is a major dump on bitcoin, so I guess it's time to convert now so we will not face another possible loses.
With the way the price is going, this seems like the market could still go down, people panic about the corono virus and this is a serious problem that will take time to solve, so better make a wise decision, if it will dump even more, you'll be safe and you can start accumulating also.

I see that crypto that is safe today is USDT. some people turn their assets into USDT to wait for the moment to buyback. but, so far, I have not changed my assets because I think that recovery will also happen suddenly. however, many people recommend holding back. maybe changing this time will be our profit when prices fall back, but it can be a loss when prices go back up.
The price that went down too far made it very difficult for me to make a decision.

[Wind_FURY]

OP, "just HODL", as adviced by many, is incomplete. You should "just HODL, AND BUY MORE". Research "dollar cost averaging" as part of your investment strategy. With Bitcoin, you will end a winner. With HyperBitcoinization,

[Wilhelm]

HODL. I'm down too and I know it will rebound. Not my first dip...
This full collapse of the stock market has only brought bitcoin down to $5k...
Think about how much bitcoin has withstood. This is yet another test that proves how good bitcoin is.

[hahay]

Will continue to hold it related to this problem, buy more when prices fall that depends on yourself because even if you choose to keep holding, but there is no guarantee that you will buy more because there will always be worries even though you are confident to keep holding.

[bitbunnny]

No matter the price dump my suggestion is to hold. To my opinion this is a temporary situation caused by different factors and price will recover. It's hard to tell for how long it will last and what the final outcome will be but sooner or later price will recover.
So try not to sell unless you really need too and see that as an opportunity to buy more coins to be ready for the profit in the future.

[Wysi]

HODL. I'm down too and I know it will rebound. Not my first dip...
This full collapse of the stock market has only brought bitcoin down to $5k...
Think about how much bitcoin has withstood. This is yet another test that proves how good bitcoin is.

True, Bitcoin will bounce back and as you have mentioned dit just shows how strong Bitcoin stands against a crisis which has brought world's economy to a standstill. It will hardly be matter of couple of months and Bitcoin will be back in track as usual. I tried my best not to covert it into stable coin but I have to do it with due to my needs.

[fabiorem]

OP, "just HODL", as adviced by many, is incomplete. You should "just HODL, AND BUY MORE". Research "dollar cost averaging" as part of your investment strategy. With Bitcoin, you will end a winner. With HyperBitcoinization,

Empty propaganda, devoid of meaning. This will never happen. Bitcoin is already 26 months in bear mode, with a 2000% leverage derivatives market gambling against its price. Hodler gonna hodl for 800 years with this promise of future gains which will never come. Its like those evangelical churches of the last days which preaches the coming of the messiah.

Bitcoin is not accepted by merchants, not even Steam and PayPal accepts it anymore, due to its 90% drops which happens in a matter of minutes. And cant shield the investor from financial crisis, as the current pandemic crisis showed. Useless as a currency, useless as a store of value, we will see 10k only in six years after its failure to deliver value to its holders. Its the time the hodler cult will need to convince people to buy again.

Sell it, OP.

[Wind_FURY]

OP, "just HODL", as adviced by many, is incomplete. You should "just HODL, AND BUY MORE". Research "dollar cost averaging" as part of your investment strategy. With Bitcoin, you will end a winner. With HyperBitcoinization,

Empty propaganda,

It's a meme.

Sell it, OP.

Sell it and what? Buy again when the bull start coming back? That's good advice if you want to buy high to sell low. Hahaha.

OP, listen to him, sell it, and come back to this post 5 years from now.

[Smitty Werben Man Jensen]

difficult choice if you do not give a stop lose to the coins you trade, if you have lost $ 3000 in a day because the price of bitcoin is down from $ 9000 to $ 6000 even to $ 3000 then it is better my advice is HOLD !, than you lose your money, wait until the price can return to a minimum of $ 8500 or $ 9,000 you can sell it and your capital is safe

[Yamifoud]

difficult choice if you do not give a stop lose to the coins you trade, if you have lost $ 3000 in a day because the price of bitcoin is down from $ 9000 to $ 6000 even to $ 3000 then it is better my advice is HOLD !, than you lose your money, wait until the price can return to a minimum of $ 8500 or $ 9,000 you can sell it and your capital is safe

Yeah, the hold could help to save some but somehow some people never patient enough to wait than to sell. They absolutely suffer the consequences and then put others to blame because someone says to buy. That is why we should have to be clear that investing Bitcoin can't guarantee to gain profit coz the market never works as what we want to be. Just like it happens by now, it seems so surprising and makes a lot of people struggle difficulties and fall into panic selling.

[samcrypto]

HODL. I'm down too and I know it will rebound. Not my first dip...
This full collapse of the stock market has only brought bitcoin down to $5k...
Think about how much bitcoin has withstood. This is yet another test that proves how good bitcoin is.

This is also not my first time to experience a big dump and I have to stat and trust the system in order for me not to loss big. Yes, bitcoin will recover and I know bitcoin will prove again to become the best online currency and that is a best reason to hold on it. Every market are collapsing and dumping, but in time it will recover and I’m sure bitcoin will become more big in the future.

[Savemore]

HODL. I'm down too and I know it will rebound. Not my first dip...
This full collapse of the stock market has only brought bitcoin down to $5k...
Think about how much bitcoin has withstood. This is yet another test that proves how good bitcoin is.

This is also not my first time to experience a big dump and I have to stat and trust the system in order for me not to loss big. Yes, bitcoin will recover and I know bitcoin will prove again to become the best online currency and that is a best reason to hold on it. Every market are collapsing and dumping, but in time it will recover and I’m sure bitcoin will become more big in the future.

But sometimes letting go is a good strategy in order to protect our capital. Before the price breakdown in its major resistance, I managed to let go it because I know that I will suffer more if I will continue to hold it. But it is just my pure opinion, we should know how to cut loss because it is part of risk management where it can develop discipline.

[Farma]

just a price increase, but again a decline. although it doesn't reach the price below $ 6k anymore, but the increase in price from $ 5800 to $ 6200 is a very good thing for now. I honestly think that this increase will not stop before reaching $ 7k, but it seems that the decline also occurred to cause the price of bitcoin to stabilize in the range of $ 6.2k. however, I prioritize holding back now, rather than selling the assets I have.

[bearexin]

Usdt has been a thing of beauty lately even tho I hate both bitfinex and tether company, I tried to change it to regular fiat meanwhile as well and got some of it, I rather be in fiat right now then crypto honestly and just watch. I wasn't thinking like this just a week ago, things have escalated like crazy and now it is looking very very dangerous so I am definitely not doing anything at all with crypto.

I will get back in, and I am just waiting but for now it is looking not so well so I am just going to convert and wait, and I know I have said the opposite for a long time and I know I have been a great bull all the time but today is a different day, today is a global epidemic (or pandemic or whatever) day and I doubt I can really keep this up honestly.

[Salamstar]

I fear that if I transfer my balance from bitcoin to digital dollar (USDT), I will not have a new opportunity to buy bitcoin from lower prices because I see that bitcoin is currently fluctuating in a narrow field and then either up or (by a small percentage) to the bottom. I currently prefer to HOLD bitcoin and I'm waiting for a good buy or sell signal.

[goinmerry]

I fear that if I transfer my balance from bitcoin to digital dollar (USDT), I will not have a new opportunity to buy bitcoin from lower prices because I see that bitcoin is currently fluctuating in a narrow field and then either up or (by a small percentage) to the bottom. I currently prefer to HOLD bitcoin and I'm waiting for a good buy or sell signal.

You can have some tests if you have guts to put some percentage on it on buying USDT. In that way, you will have a view on what will happen if you do that in the current situation. The always and the most recommendation you will see is to just hold bitcoin no matter what but you are free to test strategies if you think what's the best thing to do.

Converting or holding is really a tough question that everyone is facing whatever the trend is. But if you are not sure about what to do, then better hold to death and learn to accept anything that will happen.

[pixie85]

After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.

Great idea, you made the right choice.

You've converted independent money that nobody can take from you (Bitcoin) into worthless fake USDt that isn't even backed 1:1 by USD but is trying to make people think that it is. You have effectively changed digital gold to an IOU and on top of that you did it after a major dump orchestrated by Bitmex and some other leveraged trading exchanges.

[Bezobraznike]

After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.

Great idea, you made the right choice.

You've converted independent money that nobody can take from you (Bitcoin) into worthless fake USDt that isn't even backed 1:1 by USD but is trying to make people think that it is. You have effectively changed digital gold to an IOU and on top of that you did it after a major dump orchestrated by Bitmex and some other leveraged trading exchanges.

   Pixie85 you made a clear point here. Many people don't understand the true power of Bitcoin, and I must add some other
alt-coins. There is more behind crypto-currencies than just a dollar value, but many don't see that. They just think how much
dollars they can make.
   I didn't sell anything! My portfolio is down a lot, but I don't care, I think Bitcoin is the future. Some people make a difference
between centralized and decentralized systems, and with time there will be more of us who understand it!

[Smitty Werben Man Jensen]

I fear that if I transfer my balance from bitcoin to digital dollar (USDT), I will not have a new opportunity to buy bitcoin from lower prices because I see that bitcoin is currently fluctuating in a narrow field and then either up or (by a small percentage) to the bottom. I currently prefer to HOLD bitcoin and I'm waiting for a good buy or sell signal.

if you bought it at a low price of $ 3800 then you are right to hold it now, but if you buy it at $ 6800 you will definitely think that selling is better than holding it in, because right now the price of bitcoin is falling by $ 800, make sure your steps are right

[Findingnemo]

Converting your cryptos to USDT is highly risky so either convert it into fiat which is not really a bad idea when the whole world is facing recession since cash is king at these situations.Or better just HODL as bitcoin if you don't have any reason to spend it in this lockdown conditions.

[posi]

I fear that if I transfer my balance from bitcoin to digital dollar (USDT), I will not have a new opportunity to buy bitcoin from lower prices because I see that bitcoin is currently fluctuating in a narrow field and then either up or (by a small percentage) to the bottom. I currently prefer to HOLD bitcoin and I'm waiting for a good buy or sell signal.

if you bought it at a low price of $ 3800 then you are right to hold it now, but if you buy it at $ 6800 you will definitely think that selling is better than holding it in, because right now the price of bitcoin is falling by $ 800, make sure your steps are right

Bought at the $6800 price range and thinking of selling now  when the price downtrend to $6200 price range is totally unacceptable if there's no emergency case whereby ones need an urgent is not involved.because the capital is already closed for the weekend and the price of the market is expected to experience dump. Besides, the weekend of when the market is facing some kind of crisis are the best time to accumulate more coin.

[hulla]

Converting your cryptos to USDT is highly risky so either convert it into fiat which is not really a bad idea when the whole world is facing recession

Even during the time where the world is not facing recession, USDT is never a better option because it was backed with fiat currency and the better option is to use a stablecoin backed with previous metal which Digital Gold is the perfect example.

since cash is king at these situations.Or better just HODL as bitcoin if you don't have any reason to spend it in this lockdown conditions.

Cash/Fiat currency is never a king and if it were Satishi won't have implemented bitcoin. However, USDT and Cash are almost the samething buddy.
Meanwhile, fiat is totally one of the worse option to be use in this present situation which affected the global economic and every market settings. Besides, dollars and others currency are devaluing.

[Ridwan Fauzi]

Bought at the $6800 price range and thinking of selling now  when the price downtrend to $6200 price range is totally unacceptable if there's no emergency case whereby ones need an urgent is not involved.because the capital is already closed for the weekend and the price of the market is expected to experience dump. Besides, the weekend of when the market is facing some kind of crisis are the best time to accumulate more coin.

This is why I always try to suggest all people to not buy bitcoin using money loan. The risk that will be faced is two, first thing you need to pay for the loan and two every step you hold the coin you won't ever be comportable, you just have a burden to pay the loan instead of you have to get profit with using startegy that you have.

I myself have doing it long time ago, I force myself to dare to borrow money form the bank and I bought bitcoin as main place. But, just entery with the worng place because at that time crypto currency is in the bad market. It will be different if we use money that I can afford to lose, I will have a freedom to choose strategy that I want and I never strassed when I found a big crash, just holding it and I'll be fine.

[ololajulo]

Actually it is getting more boring for holders since 2017, this crisis and dump got it worse. Prediction in the market is very bad but I think if wuhan could open today like in the news and no case is seen in the community in the following day/week, confidence could come to the whole world that the pandemic can be controlled if right measures is engaged.

[Findingnemo]

since cash is king at these situations.Or better just HODL as bitcoin if you don't have any reason to spend it in this lockdown conditions.

Cash/Fiat currency is never a king and if it were Satishi won't have implemented bitcoin. However, USDT and Cash are almost the samething buddy.
Meanwhile, fiat is totally one of the worse option to be use in this present situation which affected the global economic and every market settings. Besides, dollars and others currency are devaluing.

But at the end of the day we are speculating the price of bitcoin not its potential, bitcoin also fell 30 - 40% due to this economic crash that is why cash remains king at this situation but its doesn't mean you should hold fiat cash forever because I know it is the stupidity at its worse.Just buy bitcoins or other assets using the same fiat when the prices hit the bottom by this we can get the benefits from this market crash.

[kro55]

Actually it is getting more boring for holders since 2017, this crisis and dump got it worse. Prediction in the market is very bad but I think if wuhan could open today like in the news and no case is seen in the community in the following day/week, confidence could come to the whole world that the pandemic can be controlled if right measures is engaged.

There's a big IF. Looks like some countries just don't give a damn (USA, Sweden, some other) and because of them the epidemic will last longer than it did in China. Big companies will go bankrupt and huge financial crisis will follow. Unless of course they produce vaccine or medication.

[DevilSlayer]

It is really depends on what type of objective that you have, if you are investor then hodl but if you are trader then manage to cut your losses. I converted my bitcoin to usd recently when it dumped, I'm not a investor so for me hodl is not a good strategy.  It really depends on what type of person are you, I have a plan right now where I will do swing trade but I still managing my plans as well as my risk and management.

[Free1bitco.in]

It is really depends on what type of objective that you have, if you are investor then hodl but if you are trader then manage to cut your losses. I converted my bitcoin to usd recently when it dumped, I'm not a investor so for me hodl is not a good strategy.  It really depends on what type of person are you, I have a plan right now where I will do swing trade but I still managing my plans as well as my risk and management.

I agree with this. however, it all depends on you. are you a trader, or an investor. if traders, then you need to take advantage of the situation, and this is more directed to convert. whereas if you make the decision to hold altcoin or bitcoin, you are an investor. Well, in this case, I might be called an investor.

[arwin100]

It is really depends on what type of objective that you have, if you are investor then hodl but if you are trader then manage to cut your losses. I converted my bitcoin to usd recently when it dumped, I'm not a investor so for me hodl is not a good strategy.  It really depends on what type of person are you, I have a plan right now where I will do swing trade but I still managing my plans as well as my risk and management.

I agree with this. however, it all depends on you. are you a trader, or an investor. if traders, then you need to take advantage of the situation, and this is more directed to convert. whereas if you make the decision to hold altcoin or bitcoin, you are an investor. Well, in this case, I might be called an investor.

Yes, all matter on individual decision since if they can take what's happening in the market then converting what you have is the best in the case, but if he is a real trader like what you stated here he should ride with the situation since every movement is great opportunity to earn. We just need to outsmart the manipulator if there is or think smarter if there's a chance.

And the most important thing here is not to panic since if we get affected on some instance then this is the start of losing for our trades.

[Oasisman]

It is really depends on what type of objective that you have, if you are investor then hodl but if you are trader then manage to cut your losses. I converted my bitcoin to usd recently when it dumped, I'm not a investor so for me hodl is not a good strategy.  It really depends on what type of person are you, I have a plan right now where I will do swing trade but I still managing my plans as well as my risk and management.

I agree with this. however, it all depends on you. are you a trader, or an investor. if traders, then you need to take advantage of the situation, and this is more directed to convert. whereas if you make the decision to hold altcoin or bitcoin, you are an investor. Well, in this case, I might be called an investor.

Man, hodlers are basically a long term trader, who are just waiting for the Bitcoin price to hit their target before they trade it to fiat again.
There are many kinds of traders , such as day traders, short traders, and the one who buy Bitcoin and hold it until the price goes up, is called a long term trader.
Nevertheless, we are all investing money to cryptocurrency hoping to multiply our capital.

[noormcs5]

It is really depends on what type of objective that you have, if you are investor then hodl but if you are trader then manage to cut your losses. I converted my bitcoin to usd recently when it dumped, I'm not a investor so for me hodl is not a good strategy.  It really depends on what type of person are you, I have a plan right now where I will do swing trade but I still managing my plans as well as my risk and management.

I agree with this. however, it all depends on you. are you a trader, or an investor. if traders, then you need to take advantage of the situation, and this is more directed to convert. whereas if you make the decision to hold altcoin or bitcoin, you are an investor. Well, in this case, I might be called an investor.

Just like many others i am confused whether to hold the bitcoin or convert them in USDT. First the bitcoin price is near the support of 6000$ and all the chances that it will go up from here but in daily time frame, we see  bitcoin is forming a death cross. So it may also go down from here. The volume is also low so nothing can be sure at this moment.

[freedomgo]

Just like many others i am confused whether to hold the bitcoin or convert them in USDT.

You got with your guts, for sure you know how to analyze the current market situation, and also its necessary to know if you are for long term because if you are, you don't need to worry is happening currently, this is bitcoin, this will certain rise again in time.

First the bitcoin price is near the support of 6000$ and all the chances that it will go up from here but in daily time frame, we see  bitcoin is forming a death cross. So it may also go down from here. The volume is also low so nothing can be sure at this moment.

Bitcoin might die again this year, but ask yourself, how many times bitcoin died? if you can answer that based on your research, it will make you trust bitcoin and you'll not worry.

[criza]

This could vary from every people that has Bitcoin. Some can hold and still survive the outbreak but, others can't, people need to eat to survive and continue living. As for me, my parents still takes care for my needs and such so, it would be best for me to still hold most of my stocks and just convert some for loads and other things.

[415jeremy]

Choosing between converting and hodling depends on many factors. And we can't make this decision for you. My own strategy is buying at dips + continuously hodling.

[posi]

Bought at the $6800 price range and thinking of selling now  when the price downtrend to $6200 price range is totally unacceptable if there's no emergency case whereby ones need an urgent is not involved.because the capital is already closed for the weekend and the price of the market is expected to experience dump. Besides, the weekend of when the market is facing some kind of crisis are the best time to accumulate more coin.

This is why I always try to suggest all people to not buy bitcoin using money loan. The risk that will be faced is two, first thing you need to pay for the loan and two every step you hold the coin you won't ever be comportable, you just have a burden to pay the loan instead of you have to get profit with using startegy that you have.

I myself have doing it long time ago, I force myself to dare to borrow money form the bank and I bought bitcoin as main place. But, just entery with the worng place because at that time crypto currency is in the bad market. It will be different if we use money that I can afford to lose, I will have a freedom to choose strategy that I want and I never strassed when I found a big crash, just holding it and I'll be fine.

You absolutely right about not investing in crypto currency through loan due to the high volatility in nature of crypto and the high risk involved in trading with the money ones cant afford to loose is the reason why i never supported margin trading but some people were lucky to make it through margin trading because they have the require knowledge and market trend examine.

[hulla]

since cash is king at these situations.Or better just HODL as bitcoin if you don't have any reason to spend it in this lockdown conditions.

Cash/Fiat currency is never a king and if it were Satishi won't have implemented bitcoin. However, USDT and Cash are almost the samething buddy.
Meanwhile, fiat is totally one of the worse option to be use in this present situation which affected the global economic and every market settings. Besides, dollars and others currency are devaluing.

But at the end of the day we are speculating the price of bitcoin not its potential, bitcoin also fell 30 - 40% due to this economic crash that is why cash remains king at this situation but its doesn't mean you should hold fiat cash forever because I know it is the stupidity at its worse.Just buy bitcoins or other assets using the same fiat when the prices hit the bottom by this we can get the benefits from this market crash.

You're right and thats the reason why i mentioned the current situation affected every market setting. Despite, the 30-45% dump in price of bitcoin this current down trend market is the best time to accumulate more coin at cheap rate. Besides, it better to exchange all ones holding into stablecoin  rather than selling it for fiat as you said.
With that been said, i believe you dont have much experience as crypto trading is concern and i don't see any point in me explain to you how crypto works in terms of volatility since you have judge the market through the current state but i hope you choose fiat as you claim cause I'm sure you'll wish you're holding stablecoin while you seize the opportunity of the market downtrend in the future.

[milewilda]

since cash is king at these situations.Or better just HODL as bitcoin if you don't have any reason to spend it in this lockdown conditions.

Cash/Fiat currency is never a king and if it were Satishi won't have implemented bitcoin. However, USDT and Cash are almost the samething buddy.
Meanwhile, fiat is totally one of the worse option to be use in this present situation which affected the global economic and every market settings. Besides, dollars and others currency are devaluing.

But at the end of the day we are speculating the price of bitcoin not its potential, bitcoin also fell 30 - 40% due to this economic crash that is why cash remains king at this situation but its doesn't mean you should hold fiat cash forever because I know it is the stupidity at its worse.Just buy bitcoins or other assets using the same fiat when the prices hit the bottom by this we can get the benefits from this market crash.

You're right and thats the reason why i mentioned the current situation affected every market setting. Despite, the 30-45% dump in price of bitcoin this current down trend market is the best time to accumulate more coin at cheap rate. Besides, it better to exchange all ones holding into stablecoin  rather than selling it for fiat as you said.
With that been said, i believe you dont have much experience as crypto trading is concern and i don't see any point in me explain to you how crypto works in terms of volatility since you have judge the market through the current state but i hope you choose fiat as you claim cause I'm sure you'll wish you're holding stablecoin while you seize the opportunity of the market downtrend in the future.

Every dip would really be an opportunity to accumulate coins while its cheap but this isnt applicable to all because not all people would have the same mindset and feelings into this kind of situation.
For sure there would be the ones who would really be on hesitance to buy up again yet they've been thinking for further dip down of markets rather than considering to have a recovery later on.
Profitability will always depend or vary on how much risk you do put on into your investment decisions.If you can risk out then it will either succeed or not.

[eR4]

I am convinced that the "HODL" policy was created only for people with steel nerves (or balls)
I know a lot of people who held the currency for a long time, but during a panic (for example, November 2018), they sold everything at the very bottom in fear of losing everything.
This tactic is designed exclusively for people who are not afraid to stay with nothing.
I would recommend creating a separate wallet and putting a certain amount of funds on it, which is not a pity to part with, and after a few years you will be guaranteed several times more money.