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?
The price of Bitcoin has been moving up and down affecting the price of altcoins making it to fluctuate. It will be advisable for you to follow the trend wisely especially if you don't have concrete knowledge about the market. You can decide to sell or convert your coin to stable coin so that the market volatility will not affect your holdings. This is what many investors have been doing since the bull trend commenced. Converting your coin to stable coins will safe you the stress of waiting for the price to fall and recover again before yiu continue counting your profits. If you are using an exchange the process will be quite easy for you.