Hi,
I have a few altcoins that are doing pretty well and want to take profits soon to then reinvest into other altcoins that haven’t pumped yet and I am wondering if it is best to swap directly or sell my altcoin that is doing well into USDT and then buy the new altcoin I want with the USDT?
I use Coinbase mainly so wondering which way is best to do it or is there not really much difference?
If I'm on the situation, I would probably swap it out if the altcoin that I want has a pair with the altcoin that I need and if it has a sufficient liquidity that the price impact on swapping is not that large. I would check out and compute the loss in swapping, if I can take it, I will just swap it because it is less hassle and straight forward method. Though if you want to maximize your profit, trading it to stable coin would be the way and of course you can choose to buy any altcoin on the market with the stable coin you have since most of the good altcoin has a stable coin pair.