Post
Topic
Board Trading Discussion
Re: Selling Altcoins for BTC
by
Aanuoluwatofunmi
on 24/05/2023, 10:38:38 UTC
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.

Why not hodl your 2021 altcoins investment down and use another money to invest in bitcoin now, try to buy and hodl the more, the current value or rate we are now is not what will continue to be especially now that we are getting closer to the bullrun, which means there's the confidence that bitcoin will get to the all time high and beyond in die time only if one can hodl while other cryptocurrencies invested too would have same opportunity to rise along with bitcoin soon, so my advice for you is to continue to hodl no matter the dip or what's happening currently, don't loose focus.