Post
Topic
Board Speculation (Altcoins)
Re: Overinvested - Hold or sell some positions at a loss?
by
thejaytiesto
on 04/07/2017, 18:08:34 UTC
I myself am quite heavily invested right now. Would you say it is better to get back into BTC or into some other currency?
For example do you recommend USDT?

I switched some coins to BTC, LTC and USDT. I closed some postiions partly at loss, but I feel much better now, especially the volatility is better. As long as you still feel comfortable I wouldn't close at a loss, but for me it was not the right thing because bitcoin were less than 5% of my portfolio. I still have all of the altcoins, but a much smaller amount. I think that guys' advice in this thread helped me a lot!

Forget about USDT. I was considering it in the past but Tether is a mess. Ever since the dollar ration when to shit a couple months ago it showed the first cracks of a possible collapse. Maybe it's useful for a couple of days but not anything beyond that. You don't want to be holding USDT when it collapses and you are stuck with them.