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.
I know many people will advise you to sell ETH and switch to BTC immediately, as most people here are bitcoin maximalists. But I will speak my mind about your situation. ETH is not too bad to hold, and even its returns will be better than bitcoin these days. If you look back at the 2021 bull season, you will see that ETH's returns were much better than BTC's. Second, if you sell ETH and convert to BTC without loss, then that's the right thing to do, but if you have to accept too much loss when converting, it really shouldn't be.