Post
Topic
Board Altcoin Discussion
Re: Do you keep all your bounty coins or you convert some to ETH and BTC?
by
0t3p0t
on 26/07/2018, 15:54:26 UTC
Coins like BTC and ETH have proven beyond reasonable doubts that they are the best and more safer coins to invest. My little advice is that, whenever you get your altcoins, it would be better to convert at least one third to either BTC or ETH to serve as some form of insurance to your tokens in case it fails to survive. I used to keep all my altcoins and now that the market is red it has badly affected my investment. And mind you, those new altcoins are not like BTC and ETH, they can get zero volume anytime so they are not reliable. Is there any other person with a different view or everybody agrees with me?
I agree with your idea mate because I usually do that with my Altcoin funds. I also like to convert my Altcoins into Bitcoin or Ethereum because they are accepted by our local exchange so it is easy for me to convert them into fiat if I needed money for my daily needs. Nowadays Altcoins most especially tokens from bounties aren't safe from correctikn just like what had happened to my previous holdings that dropped like hell.