What to do with nonsignificant altcoins

[Mighty_crypt]

Monero and XLM are significantly good choices, I don't understand why you called such altcoins nonsignificant, I was expecting some list of shitcoins you know, it's better to keep holding and wait, altcoin season will give you the right ROI, I hope you have target as well? If you don't pls do

[VDraci]

If you aren't confident with what you are holding kindly sell the tokens and coins on exchange for better popular coins and if you think you have already make enough profits just sell for FIAT and wait for price dump to buy back again but mind you Monero is a big coin, same as XLM

[Oilacris]

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).

Why  they  do have this kind of mindset on where treating those top good altcoins in the market as  a non significant one? specially Monero. If we do base up on how big the cap is
then we can say that it does have significant demand.

If he do really just aim for bitcoin then convert those altcoins that he had then stick with btc. All other coins that below btc would be significant and lets just respect on how he do sees on it.

But we know that you can really make out some money if you do diversify with good altcoins.

[imstillthebest]

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"?'

Why  they  do have this kind of mindset on where treating those top good altcoins in the market as  a non significant one? specially Monero. If we do base up on how big the cap is
then we can say that it does have significant demand.

If he do really just aim for bitcoin then convert those altcoins that he had then stick with btc. All other coins that below btc would be significant and lets just respect on how he do sees on it.

But we know that you can really make out some money if you do diversify with good altcoins.

not all coins below btc are significant , im talking to coins that are outside the elite circle .

xlm is inside the elite circle but monero ? i heard monero is going on an issue like what happens to xrp and monero can possibly get kicked out . lets calm up guys because maybe op is new on crypto and does not know to properly categorized a good coin from a crap coin but he can always learn and improve himself .

thats for him to not get  harsh comments and to make him avoid scams

[Jancuki]

I prefer to swap with USDT, because it is too risky to go to BTC. Because as we know the price of BTC is very fluctuating, I'm afraid that your profit will be lost when swapped to BTC and at the same time the price is dumped. Unless you have nicer options in your trading and are planed on trading, I think it could be considered a swap to BTC.

[TheUltraElite]

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.

Bitcoin price is already riding above 30k USD and I expect this to be maintained for some time. We already experienced some selling pressures but the price is holding above that level so we are good to go up if all goes well time.

Of course at this time you might be able to buy a bigger amount of an altcoin that has not gone up with bitcoin but do ask yourself the question - is it worth moving from a currency that is well established and useful in aspects, possibly going to be even bigger in future to another currency that might not be anything tomorrow? Seriously how long would you even think of holding a shitcoin just because you bought it at the wrong time?

I prefer to swap with USDT, because it is too risky to go to BTC. Because as we know the price of BTC is very fluctuating, I'm afraid that your profit will be lost when swapped to BTC and at the same time the price is dumped. Unless you have nicer options in your trading and are planed on trading, I think it could be considered a swap to BTC.

IMO that is a wrong decision unless you are looking to buy back BTC at lower price. If you are thinking of holding USDT then I would advise against it. Tether is a controversial coin, its better to hold something else than hold any Tether at all.

[Flowzer]

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.

If you have more patience in that, then it is okay to do it, especially if it can make you profitable up to three times than before, so I think that is a very extraordinary thing, because not everyone can be patient with it long term.

I think its not a bad option, if you have no strategies or knowledge about trading, hodl is the best option to gain profit. Especially if the altcoin like XLM, im sure it have a bright future soon. Just enjoy your life and dont see the portfolio for a while, set an alarm for sell if the price already meet your hopes.

[TheUltraElite]

True, wise decisions should always be well considered, because if you cannot buy at a low price, then securing assets that are already into fiat is a very good option while waiting for the next price drop to occur.

This is something that hardcore crypto enthusiasts need to understand. Fiat markets are out there and the wise trader does not become stubborn. They are diligent and they know that one market going down means another market might be going up. The point is not to let anxiety and depression take the better of you. Move over to other markets and by that I mean fiat traditional markets when bitcoin might be going down. Asset risk management is done in this manner, does not mean you are not supporting crypto, rather you are being intelligent enough to secure your own assets. In trading you need to be selfish like that.

for now it seems like it's too late instead of trade it for btc, it's better to the hot altcoins. because the price of bitcoin is very high and it is difficult to get profit. but with altcoins I think it's much more profitable. there are lots of good altcoins, one of which is DOT.

Nope, this is the wrong path to take. Bitcoin price might be high - therefore it is the time to sell bitcoin and book a profit in fiat. Use that to buy bitcoin again when it comes down, because it surely will. Altcoins are going to go up for sometime and then go back down like they have always been. You cant really get a profit from them like this.

[JoKleinTopper]

leave it alone, maybe someday it will surge

[JoKleinTopper]

I prefer to swap with USDT, because it is too risky to go to BTC. Because as we know the price of BTC is very fluctuating, I'm afraid that your profit will be lost when swapped to BTC and at the same time the price is dumped. Unless you have nicer options in your trading and are planed on trading, I think it could be considered a swap to BTC.

BTC can be risky, rich people is suitable for storing btc.

[JoKleinTopper]

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"?'

Why  they  do have this kind of mindset on where treating those top good altcoins in the market as  a non significant one? specially Monero. If we do base up on how big the cap is
then we can say that it does have significant demand.

If he do really just aim for bitcoin then convert those altcoins that he had then stick with btc. All other coins that below btc would be significant and lets just respect on how he do sees on it.

But we know that you can really make out some money if you do diversify with good altcoins.

not all coins below btc are significant , im talking to coins that are outside the elite circle .

xlm is inside the elite circle but monero ? i heard monero is going on an issue like what happens to xrp and monero can possibly get kicked out . lets calm up guys because maybe op is new on crypto and does not know to properly categorized a good coin from a crap coin but he can always learn and improve himself .

thats for him to not get  harsh comments and to make him avoid scams

some coins may turn out to be valueless

[thesmallgod]

USD is better most people now trade crypto with stablecoin like usdt the reason is because of volatility so if you make 10usd profit it will remain 10usd compare to other trading pairs however unless otherwise, you will need to trade for other coin particularly now that withdrawal fee is high unless you can pay the fee. Apart usdt if you consider trading with other altcoin, it would be great to consider ETH and btc pair because I think ETH too is very strong so you can be sure that there will be little difference

[doctor877]

If it's about taking profit then it's a good idea which makes you accumulate more Bitcoin. But the easiest way to do that is to invest in good altcoins especially if your capital is not much. You can build your btc portfolio by taking alts profit to it.

[TheUltraElite]

leave it alone, maybe someday it will surge

Sure, probably you will end up as a skeleton in line waiting for that long. If you have already learnt the art of necromancy then maybe go around collecting all the shitcoins out there and be in a profit in somewhere down the future.

Seen the same shitshow with ICOs/IEOs and what not. It all different names given to the same methods of fooling people because the first project that used this method of put themselves out made a name. Legit project is a dream in this sector. Only bitcoin is what needs to be traded.

If it's about taking profit then it's a good idea which makes you accumulate more Bitcoin. But the easiest way to do that is to invest in good altcoins especially if your capital is not much. You can build your btc portfolio by taking alts profit to it.

I dont think the term "good altcoin" has a large number of names in it. Probably a handful if you ask me. That too if you are lenient enough to give your hard earned money to these projects and hope that they become big. Instead putting the money in sectors other than crypto is more profitable. For crypto related investments, bitcoin is enough. The long term value of any altcoin is close to zero.

[Twinkledoe]

leave it alone, maybe someday it will surge

Sure, probably you will end up as a skeleton in line waiting for that long. If you have already learnt the art of necromancy then maybe go around collecting all the shitcoins out there and be in a profit in somewhere down the future.

Seen the same shitshow with ICOs/IEOs and what not. It all different names given to the same methods of fooling people because the first project that used this method of put themselves out made a name. Legit project is a dream in this sector. Only bitcoin is what needs to be traded.

If it's about taking profit then it's a good idea which makes you accumulate more Bitcoin. But the easiest way to do that is to invest in good altcoins especially if your capital is not much. You can build your btc portfolio by taking alts profit to it.

I dont think the term "good altcoin" has a large number of names in it. Probably a handful if you ask me. That too if you are lenient enough to give your hard earned money to these projects and hope that they become big. Instead putting the money in sectors other than crypto is more profitable. For crypto related investments, bitcoin is enough. The long term value of any altcoin is close to zero.

As I have seen here in crypto throughout the years, it is better to convert your alts to btc and just hold btc. Because most alts will die down or else they will become worthless as time goes by. Only few alts can actually survive in the market. So if you want an assurance that your coin is still valuable, then better convert it to btc.

[AssociatesBumble579]

The crypto market always running with ups and down. All of the coins will be a potential and profitable, it is not a natural business concept. There is in the coinmarketcap a huge amount of coins are carrying a nonsignificant mark and on the other hand some a few of coins are a very potential and merchantable coins in the crypto industry. So, you like to do with nonsignificant coin which is your wish.

[S4VV4S]

It is very difficult to answer if what happens in your trading altcoins are not significant, it means you have to take a more satisfying attitude, xlm, monero and other coins are starting to rise because the price of bitcoin is already high with the rise of bitcoin can pump up other altcoins now that you can do replace Same as BTC or USD depending on your own choice

[kak uli]

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?

for now it's better to hold on to USDT than bitcoin because I think the price of bitcoin will fall back down again in the next few days before it goes up again to reach its highest price. and conditions like this have happened in early 2017 to 2018. and I have experienced conditions like this. so I try to advise you to stay on USDT until the price of bitcoin goes up again.

[milewilda]

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?

everyone trades only to seek greater profits. so before you take the decision to exchange the coins you have for bitcoin or usd, it's better if you look for a variety of altcoin information that might experience price increases in the future so you can make bigger profits. because we can get benefits from any coin as long as we are not wrong in choosing an altcoin for us to make as an investment.

But that choosing on what you had mentioned would really be definitely not an easy thing to be done.Choosing which one or coin would increase in the future?
Everybody does really have this kind of question in mind.What to do with nonsignificant coins?Just simply ignore them and choose on what is the best
basing in your own analysis and this will really be different among each of everyone because we do have our own decisions and takings on things that we are
engaging into.If you do look that you might be getting some profits on a certain coin then go ahead, it does always accompanied with risk.

[Flowzer]

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

Its better to wait if u still believe the coin will go up, you will regret if u sold in loss and realize u can take profit in the future.
Furthermore, your coin which you hold is not a shitcoin.