Stick to altcoins or switch to Bitcoin or stablecoins?

[gabbie2010]

I prefers exchanging my Altcoins to fiat in the period of price dump, just like what we are presently experiencing in the market, implications of sticking with Altcoins during red is very obvious losses will definitely be incurred, portfolio will drop massively and even my bitcoin is also exchanged to a stable coin, I always wait till when market resume it bullish sentiment then I start buying again, though some long term hodlers might sticked with their Altcoins with a good future  outlook.

[super bako]

I think I would be switching to bitcoin and if there are still spare money that I could expend is buy my self a nice and stable alts out there. It is better to spread your investments. Don't put your eggs a single basket they say.

maybe for now for me it's better to save usdt first, bitcoin is still in a sharp decline for next month, what's more, before Christmas has arrived there will certainly be redness in all markets. which has happened before Christmas before. the bitcoin chart is still in a continuous decline.?

[martina14]

Market is witnessing some gradual dumps and it's a know fact that altcoins will bleed more than bitcoin and they will be stable or recover only when bitcoin recovers and pumps. So will it be wise to hold on to Altcoin or switch to Bitcoin or convert the funds into stablecoins and wait for market to either start recovering or to dump further to buy more in order to reach breakthrough for the lose which we might have incurred till now.

I just want to add more something about your topic dude, actually We already entered into altcoins season right now, where most of the altcoins as you can see got dumped their price value in the market, were it is a good chance for us to buy them then hold in the long term or short term until the right time to increase comes up in the future. But of course, We still need to be wise in choosing altcoins in the exchange.

[_IRMAN]

If what you are holding on to is a good altcoin, I would suggest sticking with an altcoin, because surely these altcoins can come back even if it takes time. Don't just convert to stable coins, because we don't know and maybe after we convert the altcoin prices turn up.

[Henrobakkara]

Market is witnessing some gradual dumps and it's a know fact that altcoins will bleed more than bitcoin and they will be stable or recover only when bitcoin recovers and pumps. So will it be wise to hold on to Altcoin or switch to Bitcoin or convert the funds into stablecoins and wait for market to either start recovering or to dump further to buy more in order to reach breakthrough for the lose which we might have incurred till now.

Usually, for me, it will depend on the Alts projects you have invested in. I have some Alts in my wallets that have been going down too just like the rest of the market but I am not too worried because one, this is the current market trend and two, I believe they are good projects that can easily rebound when the market completes its correction so it all depends on your judgment of your invested projects.

[dbc23]

Market is witnessing some gradual dumps and it's a know fact that altcoins will bleed more than bitcoin and they will be stable or recover only when bitcoin recovers and pumps. So will it be wise to hold on to Altcoin or switch to Bitcoin or convert the funds into stablecoins and wait for market to either start recovering or to dump further to buy more in order to reach breakthrough for the lose which we might have incurred till now.

Converting to stable coin could be the worst mistake or worst decision to make. It's best to hold on to both Bitcoin and altcoins thereby diversifying your portfolio. As the market keeps dumping it's best to look out for more buying opportunities for both although most altcoin might never recover again but for Bitcoin there are chances we get back a new bull run sooner

[Snappycoco]

Market is witnessing some gradual dumps and it's a know fact that altcoins will bleed more than bitcoin and they will be stable or recover only when bitcoin recovers and pumps. So will it be wise to hold on to Altcoin or switch to Bitcoin or convert the funds into stablecoins and wait for market to either start recovering or to dump further to buy more in order to reach breakthrough for the lose which we might have incurred till now.

Im a small time investor and I really like how alts can turn x2 or even up to 100x when you pick a right coin. Im in alts because of this of which I know BTC can't do as its too late for me. The dumps however are hard to predict and its downfall are far worse that BTC has. Its just a matter of knowledge when to sell and buy.

[lizarder]

If what you are holding on to is a good altcoin, I would suggest sticking with an altcoin, because surely these altcoins can come back even if it takes time. Don't just convert to stable coins, because we don't know and maybe after we convert the altcoin prices turn up.

Although we believe in these altcoins, there must be careful consideration in investing them, considering that market conditions do not always have opportunities for altcoins, but the altcoins you mention are coins that have a good level of stability, they just need to wait for time to move better.

[pealr12]

Some alts will recover when the market is back, if you are holding some of the top alts rest assured they will recover back when the market is looking good again, but if you want you can exchange to btc or stablecoins.  however, there is a possibility the market won't go any lower than already is, you may end up buying higher if the market the go below as you expect it.

[mindrust]

Market is witnessing some gradual dumps and it's a know fact that altcoins will bleed more than bitcoin and they will be stable or recover only when bitcoin recovers and pumps. So will it be wise to hold on to Altcoin or switch to Bitcoin or convert the funds into stablecoins and wait for market to either start recovering or to dump further to buy more in order to reach breakthrough for the lose which we might have incurred till now.

Altcoins are risk on assets. Bitcoin is the safe haven. If you want to preserve your wealth, stay with bitcoin. If you are after fat gains, then go with the alts.

Alts usually tend to outperform bitcoin during the bull runs. Not all of them though. ETH did quite well against BTC lately for example. If you can find the next ETH, you'll be rich beyond your imagination.

[iv4n]

Some alts will recover when the market is back, if you are holding some of the top alts rest assured they will recover back when the market is looking good again, but if you want you can exchange to btc or stablecoins.  however, there is a possibility the market won't go any lower than already is, you may end up buying higher if the market the go below as you expect it.

Some alts will recover and make new ATH, that is what happened before and will happen again, simply some alts are here to stay! We all know there are Bitcoin maximalists, there are people who choose Ethereum over other smart contracts, but there are people who are trying to be open-minded and to support other projects! I think whatever someone chooses it's ok, in my case I am trying to diversify and I have many coins and tokens! Who knows what is waiting for us, crypto is full of surprises!

[el kaka22]

Why not do a bit of both? As many people will suggest that you could have bitcoin, you could have stablecoins and you could have altcoins as well. I personally own all of them at the same time.

My biggest investment is bitcoin, it used to be as high as 70% but slowly and gradually I changed that, now it is more like 30-35% of my portfolio, second biggest is ETH with around 20%, a bit over nowadays, and so forth with over 10 different coins with the smallest only being 1-3% of my portfolio.

Meanwhile I have 500 dollars saved aside in BUSD just in case, that is there so that I could invest into something I see as undervalued anytime I want, it is not an investment to hold BUSD for me, it is just a way to be ready to buy as soon as possible whenever I see something. So all in all, you could own all three of them and be fine with it.

[Ararbermas]

Market is witnessing some gradual dumps and it's a know fact that altcoins will bleed more than bitcoin and they will be stable or recover only when bitcoin recovers and pumps. So will it be wise to hold on to Altcoin or switch to Bitcoin or convert the funds into stablecoins and wait for market to either start recovering or to dump further to buy more in order to reach breakthrough for the lose which we might have incurred till now.

it depends on your goal mate, if you are in a good alt projects and you see it very optimistic then must hold,  in fact not all the time when bitcoin is crashing alts were doing the same as well, because you know sometimes alts is green as well while bitcoin ia red.. Be practical and make research first or technical and fundamental analysis maybe a good idea to figure it out which is a good option to keep holding.

[Oshosondy]

My biggest investment is bitcoin, it used to be as high as 70% but slowly and gradually I changed that, now it is more like 30-35% of my portfolio, second biggest is ETH with around 20%, a bit over nowadays, and so forth with over 10 different coins with the smallest only being 1-3% of my portfolio.

Why changing that? I have my 70% of my investment on bitcoin and it is quite good for me. The remaining 30% on altcoins. Is there any good reason you are changing? As for me, I am not changing this yet, I have gained a lot of money from investing on bitcoin and this will not make me change. I gained also from altcoins, but what I noticed was that some increased than bitcoin but some of them just moved like bitcoin and some did not even increased up to bitcoin, some remain as shitcoins while some are now dead. I still prefer most of my investment to be in bitcoin.

[freedomgo]

Market is witnessing some gradual dumps and it's a know fact that altcoins will bleed more than bitcoin and they will be stable or recover only when bitcoin recovers and pumps. So will it be wise to hold on to Altcoin or switch to Bitcoin or convert the funds into stablecoins and wait for market to either start recovering or to dump further to buy more in order to reach breakthrough for the lose which we might have incurred till now.

it depends on your goal mate, if you are in a good alt projects and you see it very optimistic then must hold,  in fact not all the time when bitcoin is crashing alts were doing the same as well, because you know sometimes alts is green as well while bitcoin ia red.. Be practical and make research first or technical and fundamental analysis maybe a good idea to figure it out which is a good option to keep holding.

I think if you are investing into potential projects, then there's no need to worry as most will also pump when bitcoin recovers. But if you are doubting, then this would be a perfect time to add more bitcoin in your portfolio since the price is still in slump.

However, investing in bitcoin will always have more guarantee to make profits compared to altcoins. But since its your own money and investment, you should better create your own wise decision and not just rely on others.

[hello_good_sir]

Market is witnessing some gradual dumps and it's a know fact that altcoins will bleed more than bitcoin and they will be stable or recover only when bitcoin recovers and pumps. So will it be wise to hold on to Altcoin or switch to Bitcoin or convert the funds into stablecoins and wait for market to either start recovering or to dump further to buy more in order to reach breakthrough for the lose which we might have incurred till now.

Stick to your plans.

If you were holding a bitcoin only strategy, then stick to that. But if you were already in alts, then stick to that as well.

Eventually the crypto market will reward you, it's just a matter of time. But hyperactive trading can result in a ton of fees that will be almost impossible to recoup.

[isaac_clarke22]

~

Can't suggest to stick a lot in alts.
Got some altcoin that I held back in 2017 that were only for tries, but not really for long-term. Turns out it was flat-out dead heartbeat in the charts when checked 2 years after.
There are only few alts worth holding, and most of them just will dry out or going to be just a dust.

[tvplus006]

...So will it be wise to hold on to Altcoin or switch to Bitcoin or convert the funds into stablecoins and wait for market to either start recovering or to dump further to buy more in order to reach breakthrough for the lose which we might have incurred till now.

If you are sure that the bear market has already arrived, then the best solution is to transfer your entire balance to stablecoins. In this case, no corrections will affect your balance and you will have a great opportunity to buy previously sold coins at a lower price. But are you sure that the bear market has already started?

[jostorres]

Market is witnessing some gradual dumps and it's a know fact that altcoins will bleed more than bitcoin and they will be stable or recover only when bitcoin recovers and pumps. So will it be wise to hold on to Altcoin or switch to Bitcoin or convert the funds into stablecoins and wait for market to either start recovering or to dump further to buy more in order to reach breakthrough for the lose which we might have incurred till now.

It might be a right time to switch to bitcoin rather than stablecoin. Only at the peak level (final ATH) of bitcoin you may think about getting into stablecoin or your local fiats. In my opinion, your local fiats must be more secured than any stablecoin hence just plan up accordingly. All stablecoins that we are having right now are centralized and anything may happen to them at any time hence not using stablecoins for long term based holding is highly advisable.

[Ozero]

...So will it be wise to hold on to Altcoin or switch to Bitcoin or convert the funds into stablecoins and wait for market to either start recovering or to dump further to buy more in order to reach breakthrough for the lose which we might have incurred till now.

If you are sure that the bear market has already arrived, then the best solution is to transfer your entire balance to stablecoins. In this case, no corrections will affect your balance and you will have a great opportunity to buy previously sold coins at a lower price. But are you sure that the bear market has already started?

There are also many good altcoins on the cryptocurrency market now, the prices of which sometimes rise even when bitcoin falls. It should also be borne in mind that bitcoin already has a fairly high price and even doubling it will require a colossal injection of capital. At the same time, potential altcoins easily not only double in price, but also grow tenfold.
In the current situation of falling prices in the market, each altcoin must be dealt with individually. Potential altcoins, which have now fallen in price, do not make sense to sell, while others are sometimes worth it. It all depends on their prospects.