What to do with nonsignificant altcoins

[Bitbtc8]

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?

The USD part is where I'm confused, are you willing to change to FIAT because you've earned enough profit or you want to change to FIAT because you are scared of dump? Well that's a question you can answer within you, every investors must have a threshold of ROI they want, we can't predict where the market is headed, changing to USD will safe you from dumps but holding Monero and XLM will give you more profit in future, the choice is yours to make in the end

[Ken_terrance]

OP if you move your coins into Stable coin you've automatically halt any profit making, hope you know this already? Also will you be able to feel good if Monero and XLM pumps higher in future? The problem here is you don't actually know what you want, an investor must have a target, so when that target arrives just take your profit and leave for another day

[Maestro75]

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?

Why do you refer to those tokens as nonsignificant? I think that is not right. What is nonsignificant altcoins are those tokens that do not have sustainable programmes and focus and we can see them disappear once they are put on exchanges. Monero and Stellar are great tokens which may be having low moments now but that does not put them as bad tokens.

[Antares000]

I got screwed hard. My Monero is on binance.com, but because they no longer support the US, I can't trade on that platform and can't transfer it to the US platform for whatever reason. I have other coins on binance.com that are also in limbo. Is my best bet to try to find other platforms that will allow me to transfer coins from binance.com? Doesn't look like it's worth very much anyway

[didzi]

I'm talking stuff like Monero, XLM, etc. With BTC so high, does it make more sense to trade them for BTC, or for USD?

in current situations i think its better to exchange all kind of non significant altcoins to other altcoins such as polkadot and ethereum or you can exchange it to bitcoin not to usd my friend
or you can hold it, if you believe some day thus non significant altcoins will growing hard buddy

[speedforce]

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?

Its based on whats your strategy when u buy that stuff. If your strategy is to have profit with a long term investment then its not make any sense to trade them for BTC even USD since in my opinion XMR or XLM may have surprise us in the future.  But If you only buy it for a short term, maybe trade them for BTC should be nice, there will be some opportunity to buy more XMR and XLM when its hit their dip price. The decision in your hand bro, may some luck on it.

[MCobian]

Many now that altcoins have not increased significantly, it is better if these altcoins are traded immediately into Bitcoin or altcoins which are
proven to increase significantly. Because if we keep holding altcoins with no significant upward progress, will only waste the capital that we use
to buy these altcoins. The basic rule of investing is to look for assets that do provide significant returns. So always do research and analysis
before deciding to choose coins for investment, so we won't invest in non-significant altcoins.

[Kena Banned]

if you buy high and experience a loss, it's better not to rush to exchange it, because usually the coins you buy will come back to that price, it only takes time, if indeed the decline continues, it's better to immediately sell, and buy again at a cheaper price

I agree with this opinion, you need to hold longer and determine maximum loss for your investment. Also you may see coincalendar or any roadmap of that stuff, so you have some overview about the future of the project. Hope you have luck for whatever decision that you will take.

[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?

in current situations i think its better to exchange all kind of non significant altcoins to other altcoins such as polkadot and ethereum or you can exchange it to bitcoin not to usd my friend
or you can hold it, if you believe some day thus non significant altcoins will growing hard buddy

It's also very risky to convert into the volatile assets, but it's better rather than betting into the shitcoins. it makes sense if OP was trading it for a potential coin or USDT rather than bitcoin consider it's over valued right now. He must not waste a lot of his time to just to convert it into the coin that can't give profit for him.
He can do better than it.

[NeverSop]

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?

These coins are not important? I think XMR, Stellar .. are quality altcoins in the market. they all have their own characteristics of trust to hold in the long run.
Based on the trust of each user, you can choose your own purpose to get profit target. Bitcoin is always ahead. I only swap out altcoin if bitcoin falls lower.

[bitzizzix]

It is a confusing choice if we choose the wrong coin that does not give a significant increase, but it is our risk without doing good research and analysis before choosing it.
and I personally will save it and be patient even if it has to wait a long time, because no one knows that in the future it will improve significantly.
besides I still hold insignificant coins, I will move on to other coins that have the potential to increase significantly, especially bitcoin.

[Cornia]

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?

Although the price of some altcoins has increased in the current altcoin season, the price of some altcoins has not increased much. You can observe the market deeply. I think it would be better to sell those coins when you have some profit. You can buy Bitcoin or Top Altcoin. This will benefit you more than all these coins.

[Bitstar_coin]

I would say trade them for btc since you can still benefit a lot just by holding btc, except you just want to cashout out then you can trade for whatever stablecoin that suit your needs,  but if I where you I would trade for btc and hold for long.

[Banulit]

In my case I would hodl this altcoins especially XLM because I have seen a very good potential for this alts and it has a very high possibility that it can gave me double or even triple profit if I will hodl it long term.

[Miaallen]

Swapping your major altcoins to Bitcoin at this time is like throwing your good money after the bad one. It has been projected that Bitcoin price would cross $30,000 but would fall again before the end of the first quarter of 2021. I think we're already experiencing that now.

[BIT-BENDER]

You spoke about non-significant and to be honest I was expecting to see names of alt-coin that I haven't heard of before but the alt-coin here are once I have heard of although I do not have a good following relationship with those coin, I won't have them in my wallet but if somehow it does I won't waste time to sell it off for Bitcoin.

[semobo]

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 not sure about the future of the coins like Monero and etc then you should invest them back earlier but now is a little bit late since the bullish trend seems over so investing now can cause you only the loss. What you can do is to convert the coins into any stable coins then wait for the perfect deep which makes you feel that it is the right price to buy the bitcoin.

[so98nn]

I'm talking stuff like Monero, XLM, etc. With BTC so high, does it make more sense to trade them for BTC, or for USD?

In my opinion it’s best practice to turn them into bitcoin itself because over the time those altcoins won’t be so much profitable as compared to altcoins holding. Just imagine if you would converted altcoin dust into bitcoin just before couple of month then also you would have gotten more % return since it’s risen ratio is far better than alts.

It’s like if you getting paid in alts then it’s always best practice to convert them into bitcoin as an long term holding asset. Consider it as your safe house in the time of crisis as well as in the times when crypto is taking nice jump. 

[max6575]

as drawing with the market shows of distinctive on figure, investor might defines decision as preparing position with the table of trading while referring limit on risks and resource on request with the chance as closing of returns with the target number.

[adzino]

Why are you calling coins like XLM and Monero nonsignificant? Just because the value of those coins are lower that that of bitcoin? I don't think this is how you are supposed to judge a coin. There are shit/scam coins out there that has has more value than Ethereum. Does that mean ethereum is "nonsignificant"?'

With BTC so high, does it make more sense to trade them for BTC, or for USD?

If you would to like to continue investing, then convert those altcoins to bitcoin. If most of your altcoins are some random tokens/coins, then don't bother holding them. Waste of time and opportunity. On other hand, I don't see any reason why you would want to convert those altcoins to fiat (unless you badly need cash money).