Market is witnessing some gradual dumps and it's a know fact that altcoins will bleed more than bitcoin and they will be stable or recover only when bitcoin recovers and pumps. So will it be wise to hold on to Altcoin or switch to Bitcoin or convert the funds into stablecoins and wait for market to either start recovering or to dump further to buy more in order to reach breakthrough for the lose which we might have incurred till now.
you have to understand that if you do a cut-loss at this time, it is certain that you have already lost, it will be difficult to make a profit in the future
if you have bitcoin or altcoin whose value has dropped drastically since you bought it, the wisest way is to "hold" until the market returns to bulls and your initial capital is back, don't swap it to stable coin