In mid to late 2021, I was new to this space and went thru the altcoin phase. I staked my Ethereum and just now was able to unstake. I have been bitcoin only for at least the past year ( I learned). My first instinct was to unstake the ether and swap for BTC. My issue is that, If I did that right now, I'd sell at a 50% loss. The counter to that is that if im swapping for BTC, the btc price is also down, so..... If I wait till its up, its likely that BTC will be up too. I have this back and forth battle going on mentally of weather I should just sell now or wait. I dont want this J.P. Morgan owned mess, but I dont want to sell at such a loss. I just wanted some opinions.
If you don't want to sell at a big loss that is happening to the coin that you have then the only option is to keep holding it until Bitcoin is bullish because that will also affect the price of the altcoin that you are currently holding, maybe you can speculate by selling the altcoin and directly buy bitcoin save it for the next 1-2 years to benefit from rising BTC prices but the profit is not large because the losses from selling altcoins are reduced but of course, your initial capital will experience an increase, it's just what percentage of your capital will increase depending on your patience to save btc that you have bought, but your decision should have been by analyzing the market first, also taking into account whether re-staking it will reduce losses while waiting for the altcoin price to rise