What to do with nonsignificant altcoins

[blckhawk]

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?

Well if you think you are getting enough profit then go for it but if you are going to a heavy loss then you could probably hold it for the meantime. You could also just trade it for USD because BTC is really high right so buying it will do not make any sense. I mean if you don't need that money that much then just hold it, selling them will only bring pennies and that is not worth it so better to keep them in. Anyway, it still your choice though.

[JeotQ]

not experiencing a significant increase is natural because now there is still a slight correction in the market and also the altcoin season has not yet come, if you buy but experience a loss, you should be a little patient to hold and when the altcoin season comes you will benefit because monero and XLM are the top coins in marketcap

Have patience and be satisfied with what you have, Monero isn't a small project and it's now growing better than what it was months ago, you will eventually make good profits if you hold the coins for all this bull season, let bitcoin do it's thing and altcoins will start showing big deals too

[Antares000]

I bought the altcoins at their height in late 2017/early 2018, so you can see why I'm worried about them. Who knows how long it'll take for them to get back up there. Some of what I bought also got delisted, so I also want to avoid that kind of risk

[bttmember]

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 have lost interest in some coins then it is better to move into the ones that you like and you think will be more bullish in coming months yielding you better profits.

[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.

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.

Depending to the strategy and how the trader sees the market. But those were just our opinions and would still rely on the market's unpredictably.
There are others that have been more profitable in altcoins and that's the same for the investors that have made much wealth on holding and accumulating bitcoin.

[republicrypto]

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?

no need to do anything if you still believe with the nonsignificant altsoins above
but if you have a doubt with the alts, you can convert it to another significant altcoins such as ethereum or the others my friend
regards

[bitcon]

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?

Here is my opinion: Bitcoin will grow in any case, and in this regard, even the most unpromising altcoins will follow the cryptocurrency leader. Although we will not see huge returns, even ten percent is also a good profit. Therefore, perhaps the season is already underway.

[bitcoinst]

I see the point in trading against the dollar, altcoins have much less good correlation with BTC, you will simply lose on the course.
If I were you, I would not complicate my life, and traded only to the USDT and the like.

[Antares000]

Not sure if SALT and XRP were exceptions, it's just hard to tell if anything else I bought will end up like them and get delisted and be in limbo. I don't know if I'll recover anything with them

[Twinkledoe]

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?

no need to do anything if you still believe with the nonsignificant altsoins above
but if you have a doubt with the alts, you can convert it to another significant altcoins such as ethereum or the others my friend
regards

It is a matter of self preference actually. How strong is your belief that those alts will do good in the future? As no one can tell their fate, it is your own instincts that will guide you about your decision. It is hard to give advice on this matter, because whatever the outcome will be, is all on the holder.

[shoreno]

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?

you call those coins unsignificant omg why ? or you may be ungrateful of recieving them from someone else because if you sincerely bought them in your own you will know how to value them but seriously those coins are i think one of the top coins that we know so i dont recomend swaping or selling them .

 just think of other ways to get your hands of btc , find job , join campaigns , etc . they say altcoins are now on its way and im afraid you will missed it if you already sell your alts too early

[TheUltraElite]

I see the point in trading against the dollar, altcoins have much less good correlation with BTC, you will simply lose on the course.
If I were you, I would not complicate my life, and traded only to the USDT and the like.

Well said. Why focus on things that are not going to be anything in future but a rolling ball of despair and hopelessness?

Truly altcoins and tokens have been snowballing many investors who are manipulated in buying them and wasting their money hoping to see it as the next big thing in crypto.

While I admire the risk taking attitude, this becomes a stubborn thing to do. If someone does not want to focus only on bitcoin they can try other sectors of investment in the fiat market too. But not altcoins just because they are "other forms of crypto".

[LogitechMouse]

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 are trading for short term gains then there is already a sense for these altcoins to trade.
After all, traders are trading for profit.

Now if you aren't a trader but an investor then holding some top coins might give you profits too. I don't see any reason why there is no sense for these altcoins especially those on the top to be traded.

[Antares000]

Hmmm, seems like people are divided on holding vs trading

[babygun]

It depends on the price you bought them. Right now, the altcoins are going strong and XLM has already pumped quite a lot this last couple of weeks and can even go higher.
If you don't believe in these coins, I would sell them and trade it for BTC/ETH. Place some limit sell orders with the price that you want to get for them and move on to other coins.

[TheUltraElite]

Hmmm, seems like people are divided on holding vs trading

It does not make sense to hold on to altcoins that have become  -98% of their ICO price or whichever price you want to consider as a reference. In the last bear markets we have seen the reality of what altcoins are, they have become pump and dump schemes for the hordes of shitcoin that have come in the market or just remained stagnant at low prices for a long time.

The bitcoin bull trend pushed them up but at this point I think just selling them will be the better exit strategy. While Bitcoin is the thing that one needs to hold, altcoins should be spent as early as possible. I am sure all veteran traders will think similarly too because they have been prey of the vaporware that altcoins create and want a relief from them.

[tvplus006]

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 seems that now all altcoins have fallen in price to bitcoin. And I expect that now altcoins will have to grow stronger than bitcoin. This applies not only to the coins you are asking about, this is the rule for all top altcoins. You just need to wait for the BTC dominance to decrease.

[Sterbens]

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

here we see that you have doubts about altcoin, and therefore it is better if you immediately exchange them for stable coins, USDT, USDC or DAI. because to avoid price volatility, it is likely to be very risky if it is stuck in an unstable altcoin form for too long.

[jacafbiz]

Becareful trading all these old Altcoins for BTC, if you look at most of them in BTC chart you will see that it is better to hold on to your BTC, the play now is the DEFI tokens, there is no bag holders yet until we experience bear market when people will be praying for price to go back to where they bought them initially

[TheUltraElite]

here we see that you have doubts about altcoin, and therefore it is better if you immediately exchange them for stable coins, USDT, USDC or DAI. because to avoid price volatility, it is likely to be very risky if it is stuck in an unstable altcoin form for too long.

I agree that having doubt about something in your portfolio, the best route to take then is to get rid of it. But moving to a stablecoin might not be what is appropriate all the time. Tether itself has a questionable supply but if you don't have any doubt about it then it is fine.

But the influx of stablecoins is something that I have been skeptical about. In other words I fell it is a mode for centralised institutions to control your money. But you are free to follow what you feel is correct.

Unstable altcoins though, be careful with them. You can never guess which pump is going to be the last so watch when you buy them.