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.
Market already down from 50k to 36k and there is possibility to dump to 30k buy very high chances that it will bounce back to 42k.
Now for me big opportunity to buy some high potential coin like ADA,Dot,Bnb for ling term. When market recover these coins can give us best profit.
For long-term investors, this is a very good time to buy cryptocurrencies (basically all of the top100 from Coinmarketcap). Investors who speculate for short periods of time now have a big problem, because it is completely unclear whether there will be further price drops or whether we will return to the uptrend. I think everything will clear up in the next few days.