What to do with nonsignificant altcoins

[Antares000]

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?

[bittick]

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 does and why not? if what you wanna get from your trade is just regular profit and it doesn't matter what kind of pair that you have been using it to trade against your coin.
I personally will prefer USD or stable coin rather than bitcoin. When you have earned $100 and it will be $100

When you are trading it on bitcoin and when you are earning $100 and it could be increase or decrease because it depends on the bitcoin price.
You will also get a heart attack when the sudden dump was happening with bitcoin.

[Antares000]

Probably is I bought these coins when they were worth more, so trying to determine if I can reduce losses by trading them for BTC, which may continue to go up, or just cash out

[Antares000]

Is there a point to waiting for the nonsignificant altcoins? Are they expected to do anything in the foreseeable future?

[TravelMug]

Is there a point to waiting for the nonsignificant altcoins? Are they expected to do anything in the foreseeable future?

Unfortunately, we really don't know what the future brings so it's hard to answer your question.

So the best thing to do is either hold them or trade to bitcoin, simply as that. It's really up to you, government are after Monero and other privacy coins, just saying. So it might pose some risk on you. XLM is amongst the top 10, but its in the wild ride in the last month or so.

As for bitcoin, good for long term hold, so you have so many choices and I wish you the best to make the right now.

[Maxstl007]

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?

I don't have a straight answer to your question because I don't know if Bitcoin can go higher than 40k in this bull season, if you plan to change to USD it's probably because you feel like you've earned enough, if you are satisfied with what you've made then swap the coins for USD and if Bitcoin is in correction mode you can enter BTC again

[TheUltraElite]

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?

Monero though has some usage being a privacy focused coin. But does it have any effect of whether you put your money in it and it goes down? Does that privacy focus help you make back your money? No.

In a sense, privacy is important but the level of paranoia in this sector is too much and that hurts the retail investors. In my opinion, there is no need for a separate crypto just for privacy. Bitcoin is enough.

Of course it makes more sense to sell them for USD or BTC whichever is lower that time so you get more of what you are selling it for, then use it to finally get BTC or keep the USD to spend as you wish.

Reduce your portfolio in crypto to bitcoin only. The altcoin craze is long gone and so is the ICO, DeFi craze. They are all hyped based methods to take your money.

[Cryptoheavy]

They still have a planty of space to growth because they are pretty popular. I thing that they will growth futher

[RabbiTANK]

It's better to hold them because they are popular coins, I don't know where you get the ' nonsignificant ' from, Monero and XLM aren't like most new projects today, hold for now because it looks like it's altcoins time to shine, since yesterday popular DeFi projects are revaluating fast

[mamesso]

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?

Don't panic buddy, MONERO and XLM are popular coins, the current correction is only temporary, Usually the coins that you hold will increase in price. To avoid the risk of loss, you must use a stop loss strategy, BTC and ETH will be the right choice for you. if the decline in MONERO and XLM continues, you still have hope in BTC and ETH.

[Willitivity]

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?

How come you said insignificant altcoins when they are the top coins in marketcap after Bitcoin. You can trade them against Bitcoin and even tether USD and make a profit. A week ago, XLM climbed over 150% and all holders benefit from that. You can use Monero to maintain your privacy so they are not insignificant. They have their own purposes too.

[tabas]

You can trade them for BTC if you don't have much BTC. But if you have it already, those coins are good to hold. As you see the BTC dominance is decreasing and the dominance for altcoins are increasing again. In this moment, there is a chance that pumping will go through altcoins.
I'm not saying those particular altcoins you have mentioned but there is a chance that they will be one of it.

[Gunday_07]

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?

Pal you are in a panic mode, the kind of panic you are experiencing should be from those who invested in low marketcap coins or shitcoins thinking they will make insane amount of money just like in 2017, XMR, XLM are not small projects, you should be relaxed right now because altcoin season haven't started yet

[Xardasim]

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?

If you think BTC still does not reach the sufficient price, to BTC, if not you can convert to USD. It depends on your tactic, your ability to analyze.  On the other hand, do not trade and just hold until better prices. Because BTC has risen noticeably and the next increase will not make you expected profit. However, altcoins are still like explosive missiles.

[devollito]

You better trade it againts btc if you believe that btc will replace our daily life transaction, if you want to cash it in the near future you better trade it to USD. Not USDT but real USD, thats how i did for almost 4 years. Or you can search another ICO which probably can gives you big profit.

[KaratX]

You better trade it againts btc if you believe that btc will replace our daily life transaction, if you want to cash it in the near future you better trade it to USD. Not USDT but real USD, thats how i did for almost 4 years. Or you can search another ICO which probably can gives you big profit.

Bitcoin is more of a valuable asset like gold than that of currency, look around you, big institutions are even adopting bitcoin and many organizations are accumulating as well, money(Fiat) isn't scarce but Bitcoin is scarce, lol this is GOLD 2.0

[Shallow]

This depends on the type of funds you Invested with or trade with, if the funds is meant for long term stuff, then selling to BTC might not work since the price is already high in this case selling to USD would be better but if the funds is for short term gains, then you can sell to Bitcoin, wait for a little profit and sell to get your profit as the case maybe.
The market can't be currently predicted thus no one knows how big Bitcoin will further grow, therefore if you are someone who isn't ready to risk some funds, then selling to get your profit back is the best form always, not only when it concerns Bitcoin though, it can be for other coins, so far the price is high and you are not ready to risk it. Lastly, those coins are good coins, and in case you want to consider long term holding, it is still a good idea.

[1l1l11ll1l]

You can trade them for BTC if you don't have much BTC. But if you have it already, those coins are good to hold. As you see the BTC dominance is decreasing and the dominance for altcoins are increasing again. In this moment, there is a chance that pumping will go through altcoins.
I'm not saying those particular altcoins you have mentioned but there is a chance that they will be one of it.

Yes, plus speculation about the altcoin season that hasn't yet come. I think for now if you have altcoins that are pumping, while bitcoin is dipping (for a while), when you can see the bitcoin recovery point, then you can get a decent profit.

[Mauser]

If you don't need the money I would just hold them. We never know if the project becomes revived at a later stage and maybe there will be more active trading. Selling an alt coin completely for a few bucks isn't really a good idea for me. Holding coins doesn't really cost us anything. But it all depends on your investment time line. For me I am more of a long term investor.

[target]

Its Monero, why consider it a nonsignificant altcoins when it should have been the most significant for anyone engaging in cryptocurrency market. XMR is also in a bullrun, if you have it on the exchange, you can trade it moving from XMR to BTC and Stablecoin but if its on your personal wallet, keep it.