Essentially I didn’t panic at first and left all my coin alone after the first couple days, but as things continued down the downward spiral, I decided to try to minimize my losses. I also, wanted to try to avoid paying taxes on my gains by withdrawing to my bank.
I thought converting all my varying coin to USD Coin would be the same as just putting my crypto in a holding pattern during the plunge, which it did.
But come to find I paid about $90 in transfer fees to Coinbase. I’m not too upset about it because I would have lost thousands more if I hadn’t moved my coin to USD Coin, but is there a less expensive way to do what I did?
I don't have any idea about the size of your holdings, so it is difficult to say whether the fee that you paid was higher than normal or not. If you have a few thousand USD worth of crypto, then paying $90 may not be significant. But you need to think whether converting your crypto to stablecoin at this rate is a very intelligent move. Because you have done the conversion at a point where the prices are really low, and you may regret that when the exchange rate once again moves past 50K level.