Stick to altcoins or switch to Bitcoin or stablecoins?

[SlimShadyMmp]

When market gets really high and you feel all the fomo at a time that btc is getting to 200k then my suggestion will be convert to stable and when you feel like losing your mind and that the market is turning red like red Nile then my advice is buy the dip and possibly hold for some time and wait for recovery Most times is better to act opposite to your fear than direct to it

[gurunanakji777]

Generally, I don't take the risk to convert my coins to any other coin because we never know which coin will rise any day but some people do it when they think the market will dump they convert their Alts holding in BTC because Alts bleed more than BTC when BTC drops and recovers only when BTC rise again so much of the things depends on the BTC value. If you are sure-shot Altcoins will dump then it is a wise decision to convert your Altcoins to the Bitcoin or some people rely on USDT only because it remains to a fixed value so that one can buy more coins when the market dips so Stable coins is the best option when you know there will be a dip for sure.

[Strongkored]

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.

If the position of the altcoin held is still in the green or at least the decline is not too deep, maybe you can consider converting to bitcoin, but if you are an investor then the decline in the altcoin you own will not worry you because the target is long term very different from traders who are more into the short term.

[globalpain]

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.

If the position of the altcoin held is still in the green or at least the decline is not too deep, maybe you can consider converting to bitcoin, but if you are an investor then the decline in the altcoin you own will not worry you because the target is long term very different from traders who are more into the short term.

Indeed, between traders and investors have different strategies,
for investors themselves they prefer coins that have strong fundamentals,
so that the coin is good for long-term investment and of course investors are very understanding about it

[blockman]

If the position of the altcoin held is still in the green or at least the decline is not too deep, maybe you can consider converting to bitcoin, but if you are an investor then the decline in the altcoin you own will not worry you because the target is long term very different from traders who are more into the short term.

It's always my preference to convert in bitcoin but I've got some notable experience that when I've converted in bitcoin, that's what I've preferred.
But when I've checked the price of that altcoin now, I've just lost a lot of profit and when I say a lot, it's truly a lot and the conversion in today's time is more than 1 btc.
Well, that's profit taking and I've secured bitcoin when I've sold it.

[laredo7mm]

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.

Right now market looks foggy. Bitcoin below 52k is not indicating bull in control on the other hand BTC is above 42k indicating bear is also not in charge. So we can say the market is moving sideways right now. It will be wise to hold a stable coin for now and let the market decide which side it wants to go first.

You can make a partial investment into news base projects because it doesn't matter about the market conditions of these projects. Close your trade with a small profit if do not want to take any risk yet.

[bakasabo]

Sticking in stablecoins looks like the most stupid idea. What is even the purpose of doing it? You dont lose, and dont earn. Wont it be easy or same to convert in fiat and hold it?

I hold only those altcoins, which price has dropped down now and I wait till it recover, or wait till their value multiplies. I believe more in Bitcoin than in altcoins, that is why I prefer it over everything else.

[Ngewex Yuk]

I will be in altcoins, even almost a year I don't have bitcoin, I think bitcoin is boring because the price looks stagnant, in contrast to altcoins which have the potential to skyrocket in a short time, BNB, MATIC, Cardano and so on have better and more profitable potential than bitcoins.

[justdimin]

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.

Yeah, you are right and it seems that bitcoin already started its recovery phase hence it may not be the right to think about to think about to sell off unless you are already into profits. If you are already in profits with your altcoins then you may start booking profits in bitcoin as bitcoin may set a new ATH around $100k in coming months.

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.

Your plans are sounding too good as most crypto investors never plan up like that (or at least I never do with my altcoins stash). Only bitcoin enters into bearish trend, you may think about stablecoins until then either continuing with altcoin or converting into bitcoin might be a wise decision as per current market conditions.

[tvplus006]

I will be in altcoins, even almost a year I don't have bitcoin, I think bitcoin is boring because the price looks stagnant, in contrast to altcoins which have the potential to skyrocket in a short time, BNB, MATIC, Cardano and so on have better and more profitable potential than bitcoins.

But this will only happen if bitcoin continues to grow and the market is bullish. In this case, if you have chosen the right coin for investing, it is guaranteed to give more profit than BTC. But if the market turns bearish, then your coins will depreciate more than BTC.

[Vaculin]

I will be in altcoins, even almost a year I don't have bitcoin, I think bitcoin is boring because the price looks stagnant, in contrast to altcoins which have the potential to skyrocket in a short time, BNB, MATIC, Cardano and so on have better and more profitable potential than bitcoins.

But this will only happen if bitcoin continues to grow and the market is bullish. In this case, if you have chosen the right coin for investing, it is guaranteed to give more profit than BTC. But if the market turns bearish, then your coins will depreciate more than BTC.

That is certainly true. Bitcoin may seems boring or become stagnant in price but when it reaches its all time high, it will be the highest value than any other coins. And when it dumps, its price will only fall temporarily and then it will start to surge again. But with altcoins, even if you are in the most profitable altcoins, the risk will always be present and anytime you will experience price in a downward position and its because of a short correction or negative news that affect the market. Altcoins are more affected than bitcoin and when it dumps, they end up falling into their bottom price which make most of the investors end up in panic selling particularly for those weak hands. So if you can hold bitcoin, better stay in it and just wait for it to skyrocket so you can sell at your target selling price.

[fullhdpixel]

Generally, I don't take the risk to convert my coins to any other coin because we never know which coin will rise any day but some people do it when they think the market will dump they convert their Alts holding in BTC because Alts bleed more than BTC when BTC drops and recovers only when BTC rise again so much of the things depends on the BTC value. If you are sure-shot Altcoins will dump then it is a wise decision to convert your Altcoins to the Bitcoin or some people rely on USDT only because it remains to a fixed value so that one can buy more coins when the market dips so Stable coins is the best option when you know there will be a dip for sure.

I don't understand why people stock coins they don't believe. To me, converting your coins into stable coins shows that you are just not confident enough in your investment because if anything these stablecoins is never going to rise in value. And if you are converting your coins into them it shows you are afraid the project has no hope and you are not confident in it.

I can understand some people converting their coins to BTC when they feel the market is not doing well which is understandable but converting to stable coins is basically the lack of your confidence in your own investment.

[tvplus006]

...I can understand some people converting their coins to BTC when they feel the market is not doing well which is understandable but converting to stable coins is basically the lack of your confidence in your own investment.

The moment when traders and investors start selling bitcoin and buying altcoins is always a sign of the beginning of the altcoin season. And we are already observing how the dominance of bitcoin is declining. But this decline should not be accompanied by a drop in the value of the main cryptocurrency.

[Lanatsa]

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.

Stablecoins --- protecting yourself from volatility
Altcoins - could potentially give you 10-100x
Bitcoin or top ranking coins- Established ones which could potentially good for long term aspect.

Its situational and does depend on what goal or target you do have in mind in towards your cryptocurrency investment.
So its a personal choice to make.

[ubg]

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.

some altcoins like matic have held it's price better than bitcoin in this mini bear market.

[Bttzed03]

~

Stablecoins --- protecting yourself from volatility
Altcoins - could potentially give you 10-100x
Bitcoin or top ranking coins- Established ones which could potentially good for long term aspect.

Its situational and does depend on what goal or target you do have in mind in towards your cryptocurrency investment.
So its a personal choice to make.

This!

We have different strategies on how we approach each coin/token. I've split mine into large, medium, and small caps. I never go all in on BTC or alts because I don't want to miss out potential massive gains and also protect myself from extreme market dumps.

[adzino]

This is totally up to you. If you think the market is going to dip/crash more, then you can convert your bitcoin to a stable coin and then buy back your bitcoins at a cheaper price. It has its own risk and you will have to time the market properly. One mistake, you might end up making a huge loss. What if the market doesn't dip anymore and the price starts to rise fast? Then you will have to keep on waiting for the price to crash or go back to the point at which you sold your bitcoin. And no, don't convert it to altcoins. Most of the time, when bitcoin crashes, altcoin crashes even harder. So, that would be a bad idea. Or just keep holding. When it crashes, invest as much as you can.

[beerlover]

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.

The price dropped below $50,000 several times and still got back above that again. Maybe you can just invest in bitcoin and hold it. Although another thing is that we don’t know how long this bearish trend is going to last;is it going to continue for a long time, and would the market still remain stable or keep dipping. But, that’s the risk that we talk about, and anyone who is in the market must have made up their mind to take that risk no matter what would be the result.

You can still invest in just a few altcoins, especially the top ones and then invest the rest in bitcoin; majority of your investment should be going to bitcoin.

[Kasabus]

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.

The price dropped below $50,000 several times and still got back above that again. Maybe you can just invest in bitcoin and hold it. Although another thing is that we don’t know how long this bearish trend is going to last;is it going to continue for a long time, and would the market still remain stable or keep dipping. But, that’s the risk that we talk about, and anyone who is in the market must have made up their mind to take that risk no matter what would be the result.

You can still invest in just a few altcoins, especially the top ones and then invest the rest in bitcoin; majority of your investment should be going to bitcoin.

Instead of converting altcoins to bitcoin, i think it  will create huge returns in the future if we can hold them both and just be patient to wait for bitcoin to recover because it will also create positive impact to good altcoins.

The market remains unpredictable as always and not knowing when will the market will recover is a challenge for us. And i guess only strong hands will succeed in the end as they always chose to stay calm and focus.

[LogitechMouse]

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.

If you want more stress and you know when to convert into stablecoins then do it.
As for me, switching into one coin into another coin will just give me more stress than just by holding it. Well, holding when it dumped is only applied when you are just holding top coins since there will be time that these coins will go higher.

After all, we have different strategies when investing into altcoins and crypto in general and for me just holding when it dump is a better strategy.