Hi Everyone,
I have most of my portfolio paired with USDT (for example CSPR/USDT, CTSI/USDT etc) However, upon doing more research, I wish to change to BTC pairs instead.
What is the best way for me to switch the existing holdings to BTC pairs?
Is it simply to sell the coins and then buy back as BTC pairs?
I’m worried the buying and selling fees would add up to a lot. Is there any other way to achieve this?
Any thoughts would be much appreciated.
Many thanks in advance
This thing is always trickish but if you are smart about it, you will enjoy it and if you are the type that want accumulated a bitcoin as whole as target, it will make that journey faster but how do you achieve that is the question. You know that altcoins are money pumping machine, they sweal up like Africa Cassava flakes if you invest in them but the risk though, so for instant, let's say you are trading an altcoins paired with Bitcoin and the coin is pumping, if it has pumped to a certain point, the equivalent bitcoin price will depreciate while the coin will appreciate, so you get the opportunity to convert all to bitcoin and this will allow you to gather more sats and get more bitcoin and if bitcoin later pump, you have more bitcoin with more profits.
But you need to know when and when to do this conversation and sells because we have altcoin seasons and we have bitcoin season, yiu should do this in bitcoin season and only convert to bitcoin if the top has not been reached yet so you don't pour all your profits into bitcoin only for the market to crash on you.