in general hold on to your altcoins and convert when you are in a positive territory.
most altcoins will disappear but many will survive.
if bitcoin will turn a new high again, good altcoins which provide value, will also turn a new high. then it will be time to convert.
bitcoin follows the stockmarket. it is traded like a tech stock. altcoins follow bitcoin.
Yeah that were my thoughts too, but seeing that some altcoins are really on the edge of falling to neverland, i really begin to think twice.
Like for example with eth or link i think i will be able to sell in profit some day.
But i don’t know about coins like cro =/
cro is the reward coin of crypto.com. you probably got a payment card and you get cro as a reward for spending and for depositing.
here are the variables you need to analyze to come to a conclusion:
1. will crypto.com survive the storm? it is hard to evaluate a crypto company because they do not release any financial information
2. will payment cards be important payment systems in the coming years?
3. is the crypto.com award system attractive
if you can answer all three questions with a strong yes, you should hold on to your reward coins.
