Post
Topic
Board Trading Discussion
Re: Selling Altcoins for BTC
by
palle11
on 24/05/2023, 12:31:13 UTC
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 see from your post you still learning the system and coins. My question is if you unstake and swap to btc are you intending to sell immediately because you talk of 50% loss so why swap to btc when you can unstake your etheruem and sell direct and moreover btc transaction fee is still a little higher than what it is in etheruem. It will be of no investment value if you unstake, swap and sell in bitcoin. The second point is if you want to swap and hodl in btc for longtime well it could be better investment idea because I believe btc has profit potential than etheruem. So by hodling btc on a longtime, you won't talk of 50% loss but maybe profit at the time shortly after halving.