There are some people who are doing this, but most of the time, when the price is going down, holders prefer to hold it until it recovers. We all know that the market is unpredictable that's why they prefer this than exchanging it to stablecoin or to fiat. But yes, it is a smart move for me and it is better, it is just we have to predict the possible price before taking this action.
I agree with this. as far as I do when the price of the token that I hold goes down, then what I do is wait for the token to recover. however, turning into another coin without looking for complete information about the reason for the dump, and not looking for an opportunity to wait for the pump, it was a wrong decision. Well, if the coin is worth it, then it's worth holding. this is evident when we hold ethereum and go down to almost the price below $ 100. at this time, the price is trying to go up again.
That's true, converting it to another coin without looking the complete info will bring you to a messed. Also, if holding ethereum or other promising altcoin, there is no point of converting to other altcoin. Waiting until the price will increase again is for the safety of your own investment especially if you are not using it, why not wait for the meantime.