Post
Topic
Board Bitcoin Discussion
Re: Convert or HODL?
by
garyrowe
on 10/03/2020, 07:22:57 UTC
After recent dump is it still safe to hodl on to our existing bitcoin or convert it to USDT? I have just converted my bitcoin into USDT and I will be monitoring the market closely with multiple reminders to buy back when the value starts increasing so that I don't use my existing balance and eventually buyback more than I have right now? How many of you agree with my idea? Kindly share your suggestions.
I will look at this from two angles, firstly for those who have tethered, finding the new entry point is very important so as not to loose your position. As it stands I would suggest entering back into the market at different positions, this means it will be better to split your USDT into fractions and buy back in at different positions, as the price reversal might set in anytime. Secondly, for those who did not tether and where caught in the deep, there is no need to sell off now in my own opinion as the reverse trend might kick start any moment from now. Converting to USDT now might get you into a big loss. Just my opinion, decide wisely.