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December 29, 2021, 10:53:20 AM |
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It's your choice but for me I would choose with Bitcoin and high market cap coins and stable coins if I am going to choose long term investment but if you are just doing swing trader or day trading I think altcoin is a good option. Try to trade with big cap coins and if you lose just hold the Bitcoin and stablecoins you have bought.
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Megladoge
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December 29, 2021, 12:37:54 PM |
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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.
The matter is that altcoins can give potential profit that is more than Bitcoin or Ethereum can offer. Stablecoins can not give such a big profit. They can not give profit at all if not to trade. They are used only as a trading tool. Now many investors are looking for new and prospective projects at the early stages of their development to earn the maximum profit. The demand in the early stages of investments is so high that appear platforms that allow investing in different projects on their seed and pre-sale stages. Here is article about such projects - https://medium.com/@CFS_Protocol/crypto-fund-syndicate-cfs-protocol-ead595f0b1df
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Fivestar4everMVP
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December 29, 2021, 12:59:40 PM |
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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.
Not a financial advice, but for me, if I am with bitcoin, then I hold my bitcoins because like we all know, this thing can't be predicted and sometimes, the market might just be waiting for you to sell before the parabolic move starts, which causes one to end up regretting the decision of selling, so I honestly don't really care about the market movement once I've invested, be it in bitcoin or altcoins, I only convert to usdt, money I plan on withdrawing to my local bank account in no long time while I monitor the market. But on a investment I've kept for long term, I normally don't care which way the market is going, I always hold tight until my target or my set period/time.
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FanEagle
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December 29, 2021, 09:45:13 PM |
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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.
I believe that people are confusing the word "altcoins" with bottom market cap stuff. ETH is an altcoin as well and you are not going to get x10 to x100 with it. Sure you could make a little but not a lot with it. So that means we are talking about second ranked coin as well as 2000th ranked coin at the same time. I would say buying top 20 coins with the 80% part of your investment, along with 10-20% saved on liquidity at USDT or BUSD or whatever you want to use as stablecoins is fine. I have around 30% to 35% on btc, and around 50% of it on top 10, stuff like eth, bnb, sol etc etc and rest is saved in cash right now even though it is not a lot. That's good, but doesn't mean I would suggest "altcoins" in general, just the big name ones.
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Botnake
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December 29, 2021, 10:04:17 PM |
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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.
Not a financial advice, but for me, if I am with bitcoin, then I hold my bitcoins because like we all know, this thing can't be predicted and sometimes, the market might just be waiting for you to sell before the parabolic move starts, which causes one to end up regretting the decision of selling, so I honestly don't really care about the market movement once I've invested, be it in bitcoin or altcoins, I only convert to usdt, money I plan on withdrawing to my local bank account in no long time while I monitor the market. But on a investment I've kept for long term, I normally don't care which way the market is going, I always hold tight until my target or my set period/time. If you can bear the risk in hodling bitcoin, then stick with it. After all, bitcoin will always follow an upward trend so if you can hold for a longer time possible, then more likely that you will gain huge profits. However, with altcoins, they can be more profitable compared to bitcoin but the risk is definitely higher. But do not expect that altcoins will always be profitable as they are more affected when bitcoin price suddenly dumps.
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bitzizzix
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December 29, 2021, 10:16:11 PM |
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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.
Not a financial advice, but for me, if I am with bitcoin, then I hold my bitcoins because like we all know, this thing can't be predicted and sometimes, the market might just be waiting for you to sell before the parabolic move starts, which causes one to end up regretting the decision of selling, so I honestly don't really care about the market movement once I've invested, be it in bitcoin or altcoins, I only convert to usdt, money I plan on withdrawing to my local bank account in no long time while I monitor the market. But on a investment I've kept for long term, I normally don't care which way the market is going, I always hold tight until my target or my set period/time. If you can bear the risk in hodling bitcoin, then stick with it. After all, bitcoin will always follow an upward trend so if you can hold for a longer time possible, then more likely that you will gain huge profits. However, with altcoins, they can be more profitable compared to bitcoin but the risk is definitely higher. But do not expect that altcoins will always be profitable as they are more affected when bitcoin price suddenly dumps. I prefer to hold it because I'm sure the decline in bitcoin will not be too sharp, just need patience because what happens sooner or later will end and the price will definitely go up again. we can see the traces of bitcoin's journey even though there is a decline in the end the price will rise again and even exceed the highest price before the decline occurred, it's good to take advantage of this decline to make a reversal to grow ownership.
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kawetsriyanto
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December 29, 2021, 10:28:57 PM |
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It totally depends on your plan and your target. If you think the market will experience more drops, while your current assets look enough to take profits, why don't you convert to stable coins temporarily? Then, you can rebuy again some altcoins or even Bitcoin once there will be a huge dump/correction. But if you are already satisfied with your profits this season, kindly convert all your assets to fiats or stable coins. On the contrary, if your assets are already decreasing much, better to stay holding, and no need to convert to other coins. There is still an opportunity of the next pump although there is no guarantee it. DYOR/DWYOR
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Kelvinid
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December 29, 2021, 11:01:57 PM |
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It totally depends on your plan and your target. If you think the market will experience more drops, while your current assets look enough to take profits, why don't you convert to stable coins temporarily? Then, you can rebuy again some altcoins or even Bitcoin once there will be a huge dump/correction. But if you are already satisfied with your profits this season, kindly convert all your assets to fiats or stable coins. On the contrary, if your assets are already decreasing much, better to stay holding, and no need to convert to other coins. There is still an opportunity of the next pump although there is no guarantee it. DYOR/DWYOR
One strategy I use before is to convert my crypto to USDT once seeing the market is declining, which seems it works and saves me from losing. And re-invest once the market turns back high again. I believe this was a common practice to the majority and this genuine strategy will keep until forever. But of course, it was our own choice to which strategy we were able to use, holding/keeping your altcoins (even Bitcoin) is not a bad idea provided that you have the patience to wait until recovery comes otherwise, you may become tired and lose it.
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tvplus006
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December 29, 2021, 11:28:59 PM |
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I will choose altcoins over bitcoin or stable coins, we can only get a very large profit opportunity if we hold altcoins, while for the current position it is of course very difficult for bitcoin to reach 2x, while for altcoins to go up 10x it is very easy.
But if the BTC price drops by 5%, then the altcoin price will drop by 20-30%. And with the dump, the price of some altcoins decreased by 80%. So risks also have a price. For this reason, long-term investors prefer the reliability of bitcoin over new coins.
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Pejoh Asu
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December 30, 2021, 08:02:50 AM |
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Altcoins are still promising, this is because my assets are still small, I think profit opportunities can only be obtained if we invest in altcoins, it is very easy for BNB, MATIC, Solana or other altcoins to increase 2x even 10x within a month, but for bitcoin the increase is may occur in a month will not be more than 50%.
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nurulhmani1280wat
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December 30, 2021, 01:29:35 PM |
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Converting altcoins to bitcoins is the best thing right now, as the market price is down, so you can make big profits when the market will pump back up. Remember that you need to be active and focused on the market, as prices fluctuate. I think when the market is bleeding you should buy and hold more of the top coins in the market.
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domoy77
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December 30, 2021, 01:36:04 PM |
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I will choose altcoins over bitcoin or stable coins, we can only get a very large profit opportunity if we hold altcoins, while for the current position it is of course very difficult for bitcoin to reach 2x, while for altcoins to go up 10x it is very easy.
It seems you are starting to misunderstand this because all Altcoins are also very difficult to increase if Bitcoin continues to decline, and even if Bitcoin cannot increase by 2x, the advantage of holding Bitcoin will always be there even though Altcoins can increase up to 10x and that will not happen easily.
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Sled
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December 30, 2021, 01:50:05 PM |
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I will choose altcoins over bitcoin or stable coins, we can only get a very large profit opportunity if we hold altcoins, while for the current position it is of course very difficult for bitcoin to reach 2x, while for altcoins to go up 10x it is very easy.
It seems you are starting to misunderstand this because all Altcoins are also very difficult to increase if Bitcoin continues to decline, and even if Bitcoin cannot increase by 2x, the advantage of holding Bitcoin will always be there even though Altcoins can increase up to 10x and that will not happen easily. That is what we thought and that is really what happens in the market. We have witnessed how altcoins are relying upon Bitcoin, it all just following the trend as once Bitcoin dumps, it eventually declines as well. If I'm going to hold cryptos, I'd rather choose Bitcoin or it was best to switch to stablecoins. I'm not in the reason to make a profit but in this way, we able to stop losing our money once the market is in the struggles.
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TastyChillySauce00
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December 30, 2021, 02:20:22 PM |
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This is literally how those traders who trying to make profit from the market movement did, basically buy low sell high but stablecoins itself just function to keep the value of your investment. But if we’re already keeping our investment in form of stablecoins and instead of buying when the price has gotten low but instead wait for the market to recover then we will lose the opportunity to make profit because by then, converting it back to altcoin will only decrease our investment further. Just buy it low and sell it high just like how most of traders are doing, this will always works, of course it’s hard to decide at what moment is best to buy however buying at really low value never disappoints. If you are seeing the signs of bearish market then its better to keep your investment in form of stable coins immediately. Always remember that if you must also have reserved fund to anticipate the bearish trend that sometimes happened due to the bad trend in the stock market that was affecting the price of bitcoin.
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tsaroz
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December 31, 2021, 07:31:47 PM |
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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.
Bitcoin and stable coins should be a part of your portfolio as you never know when the market would crash. And Bitcoin and stablecoin could be a safe investment at that time. But if the market goes bullish, which is in most case, holding large amount of stablecoin would be a loss. So, I generally recommend people to have at least 5% of their portfolio in bitcoin and some 10% as liquid stablecoin which goes in and out of different alts but mostly remains stable coin. And good altcoins are all you need to have good profit.
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Cengghengmania21
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December 31, 2021, 07:48:36 PM |
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If market conditions continue to decline, turning the assets we have into stablecoins is a good choice. because for now the price will continue to decline until the beginning of the new year.
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BALIK
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December 31, 2021, 08:02:06 PM |
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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.
Holding Altcoin is nothing that brings good for you. Bitcoin broke its ATH multiple times but most of the Alts are downing like nothing just happened. It seems they didn't notice the Bull run of Bitcoin. Why do you need others' suggestions? you are dumb or something else!! do your own speculations, Bitcoin is the king of the coins and institutions are continuously buying more and more coins during this bearish situation, why? cause institutions know we will see another mega run in this new year. Sell shitcoins and buy Bitcoins as much as you can when you get money in your hand.
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Finestream
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 31, 2021, 09:28:37 PM |
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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.
Holding Altcoin is nothing that brings good for you. Bitcoin broke its ATH multiple times but most of the Alts are downing like nothing just happened. It seems they didn't notice the Bull run of Bitcoin. Why do you need others' suggestions? you are dumb or something else!! do your own speculations, Bitcoin is the king of the coins and institutions are continuously buying more and more coins during this bearish situation, why? cause institutions know we will see another mega run in this new year. Sell shitcoins and buy Bitcoins as much as you can when you get money in your hand. Focus more on accumulating bitcoin because that will always give you higher profits than any coin. Although there are gradual dumps happening in the market, but you know bitcoin won't be really in its deepest dip since it always recovers and start surging once there is an opportunity. Altcoins are certainly the alternatives for bitcoin but you need to be careful dealing with them and make sure you are into the main and strong altcoins. If you can hold bitcoin and popular altcoins, i think that will be a good diversification of portfolio.
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Kyraishi
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 01, 2022, 04:52:35 AM |
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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.
Well, how do you know that this market cycle will be the same? And what makes you think that we are entering a bear market anyway? Just because BTC and major alts dumped something like ~10% doesn't mean that we are necessarily entering a period of extreme bearishness. Looking in the big picture, I think that it makes sense for people to move more into ETH and alts as opposed to BTC because of the obvious use cases associated with these other blockchains.
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lizarder
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 01, 2022, 05:09:01 AM |
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We didn’t know what happen next in the market so no one can give you advice 100% accurrate of what action to do. We are all only predicting. All people involved in market made different decisions that is why there is the volatility in the prices of cryptocurrencies. In my own opinion stick to your own best strategy which you think you had the more advantage.
No one dares to give accurate advice if market conditions are like this, a careful strategy is needed to minimize the risks posed, we are only able to predict the outline, while certainty cannot be guaranteed under current conditions, many people make wrong decisions, so this will harm us, make a special study to get a conclusion, do not rely on something that will be detrimental, this will be uncertain in the current conditions.
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