I have some positions in VEN, XRP, NEO, DGD etc. Is it a good/dumb idea to convert them into USDT/TETHER during this time? That means I am going to take loss or I hedge risk of further falling? Thanks. Need some suggestions.
If you convert it, you're hedging in a sense as USD is less volatile. However, the tradeoff is essentially what you do with that Tether. Tether has hefty withdrawal fees depending on the exchange you're on, so try to take note of that. Otherwise, it could be an effective hedging method. Possibly try to convert half of your holdings if you're unsure, then decrease holdings accordingly.