Bitcoin Forum

what would you say would be a good coin to use for a neutral hold that doesn't gain or loose much at all?
some where that I can save my gains from something like LTC and take my gains while market goes red and put them into a certain coin that doesn't move,
suggestions thanks

fiat! it doesn't get any more obvious than that ;D
you have lots of choices: USD, CAD, EUR, CNY, JPY, GBP,.... most of them are pretty stable and you can always go back to one of them if you think there is a drop coming and save your gains and then come back. and when you are talking about coins like LTC, there are lots of fiat markets for them, mostly with USD which you can choose to use in times like this.

there is also a cryptocurrency option like fiat available called Tether or USDT but I suggest staying away from it as much as possible, it is not as trusted as it may look like. but it is convenient since it is supposed to be always worth $1.

Then probably you need fiat (and USD will be the best option) because I can't find any stable cryptocurrencies in the market as you are looking for.
I wonder why you need to convert your money to stable currency, BTW if you find a decline in market of alts like LTC you can choose BTC to keep your funds safe because Bitcoin is now the most reliable cryptocurrency.

Tether ;) . Just kidding. There are few coins in top 20 with less volatility.You can watch them. But what is the use of it?

You should buy more bitcoin then. Honestly it is the one currency that can give you good returns with hodling. Think of buying 100 btc in 2009 and hodling it till today. You would have been a millionaire then dont you think? Well not exactly because many people have cashed out.

LTC I dont know about future - there is a lot of speculation on this but I believe LTC has no future expect being a good altcoin second to bitcoin. You might want to buy some LTC and hold it but I am not very confident about it. But I can say that ether nem ripple are good hodl coins.

No guarantee of the cryptocurrency will be stable or not losing much value when the market correction
I think FIAT is the best currency to hold assets when the crypto market correction if there is no local currency available in your exchange then the alternative is USDT

Crypto market is not structured that way! I have been tracking the market since last few weeks and unfortunately I was not able to find any such altcoins which is having a stable price. So the only choice for you is fiat currency. It is controlled by the government and the price of any fiat usually remains more or less stable.

However, we have few coins though which goes up in value while bitcoin goes down. One such example is Ripple. The price of ripple has gone up manifold during last few days and the market cap has increased significantly. So you may consider ripple to be added to your portfolio to safeguard your bitcoin investment.

I also wonder how other traders keep on looking some potential coins that are stable even in the future. How did I look a coins with a potential?

none of the coins in top 20 or elsewhere are stable for the purpose that OP wants. the only stability you may find is when one of them is getting pumped or dumped, the others may stay the same! but so does bitcoin for that matter.

the use? OP already mentioned that. when you expect a dump for example (market in red) you exchange your funds to that stable currency to save the value of your money and then go back at the bottom. basic trading stuff :P

thanks guys. looking at Tether. i see yes it stays around 1usd but value of it to BTC changes though. so not really stable

i was only looking for a storage coin to secure profits

as someone said use BTC
but the transaction fees are high? if i were to go back and forth
as in take my profits and put in BTC, then take out back to another currency?
otherwise, what would be a the min amount to take out of BTC to make it worth while considering transaction fees

Fiat for sure, but it also devaluates every year.So many people try USDT, but i do not like that.

I somehow bought a few coins, which seemed to me stable.
As a result, the price has fallen below nowhere and the Bitrex exchange does not allow them to sell, because of the small amount.

And nothing can be done ... here and think.

He really said it.  ;D Of course it is FIAT.  ;D
I dont think there is one with the slowest movement at all.

How about fiat then GOLD. That might come in handy when the next world war comes and all the fiat will be burned. Gold will be really precious at that time.

You can just put your money into the ripple or ether then. They have already risen a lot now and might just stay still for longer period of time. Have you watched them the whole year in the 2017? These coins were not moving at all for the whole year and stays at 300 USD and one at 0,25 USD without moving much. What I think is, now they have earned huge market capitalism and may just stay at this point for next few months so you can be sure that there won't be much gains and looses at all.

And though you get the gains then its your own profit and no loss at all, I think that is not bad either. :-)

Also there is one coin which is not moving anywhere for next two months and thats SCL. This is really great coin with huge market capitalism and the market is however stands still for the next development update. So try this coins too. :-)

Definitely buy more bitcoin. Now's the time to do so. Yes, bitcoin did dip, however that was mostly due to FUD and false propaganda, + the holiday season and many people cashing out. IMO the price will be up again after the new year for sure.

Gold is also a viable option and doesn't really fluctuate in value. If you don't have the confidence to go into crypto, then that's a good choice. As for other alt-coins, well, they will never be as big as BTC for sure. I'd leave them alone for the time being.

Do you think we could get together and make our own Tether that isn't shady and tied to Bitfinex etc?

sure sign me up

ripple, eidoo, santiment, bitcoin cash, qtum and more

USDT(tether) is the coin which is not much volatile as compared to other crypto-market. The reason behind that is that USDT is backed with USD which helps its price to remain stable even when whole market is red or green. many traders perform trades taking USDT as base as it helps them to calculate profits easily and make trades less confusing. So if you want to save yourself in drowning market then exchange your holding into USDT.

There are many coins like Bitcoin, and fiat currencies like USD, GBP, EUR, CAD, CHF, where doing investment is really safe and you can generate a good and stable returns as these options are really stable for investment as they are having good and better demand, volatility, and momentum for trading purposes. Myself invested in Forex pairs and been holding at least for a quarter and earn a good income because there you can find the best liquidity for investment purposes with Big quantity.

There is a risk with USDT(Tether) like any other crypto (perhaps even more since it is centralized). Technically, your USDT is not redeemable for anything. In my opinion USDT is a good thing to use for short term but not to rely on for longer period of time.

USDT is usually the cryptocurrency of choice during bleeding periods of the market but now bitcoincash appears to be the currency of choice for such periods at worse you could move your portfolios into fiat but that depends on which exchange you may be using and if there is support for fiat currencies.

so would you all say USDT (tether) better to use over XRP for a neutral crypto hold? as in keeping my profits and reinvest to the others when things go green again? thanks

Bitcoin cash is so unstable, price can change up to 1000$ per day. Our balance can change very fast and not good coins to hold in bleeding days.

Don't reinvest when things 'go green'!
The wisest rule in investment is: when others are selling, buy. When others are buying, sell.  ;)

So I was thinking of using USDT as a "neutral hold"
for keeping gains, but seems on the exchanges, USDT only supports a small amount of coins to exchange
seems I have to exchange something like Verge into BTC or LTC and put it into USDT for that to work.

Would Ripple XRP be a better option as a Neutral hold?

If you mean that you are looking for a cryptocurency to hold your money that does not change in value, than no there is  not,cryptocurrecies are unstable and hard to predict, it is one of the risks that you have to take in order to make profit from it, the best place to hold your money rather than just keeping it in its original form to not have its value dropped is gold, gold is known to be the most efficient way to store money for its price that never drops because of the constant demand, although holding your money in the form of gold is not going to make you as much as cryptocurrecies would, but it would defiently be better than keeping it in fiat.

what I was getting at was a crypto that doesn't move around as much

That doesn't exist because they're all pegged to bitcoin. Bitcoin is the most 'stable' thing you can hold apart from tether, if tether doesnt fail.

so more less I am best to just exchange back and forth between coins red and green to maintain and keep profits?

Maintain a Value that does not even grow and low. Coins.ph is the right app and or wallet for you. There are two varities of this wallet the PH wallet that does not increase or decrease  and The BTC WALLET that Bitcoin normally does.  It is like a trading platform but doesnt require fees only you can lock your funds on the PH wallet with nothing to lose.

And Bitcoin is pegged to USD as well. There is a conversion rate but correct me if I am wrong - without any USD there is no value of Bitcoin. Heck without fiat there is no value of any other cuurrency.

As for neutral coins to hold - what exactly do you mean by neutral coins? A coin that does not take sides I guess? I dont know why people are suggesting tether because I would not and rather hold any crypto for that matter.

Even holding bitcoin is good idea. But not USD/Tether.

To what end if i may ask. You can as well choose from the pool of the first 20 alt coins and enjoy your rest.

Fiat is just the easy way out. Every other crypto will always fluctuate hugely, asides USDT anyway which was made to be another form of USD but in the cryptocurrency form. With that way in some of the exchanges you can just trade against USDT in form of fiats. Whereas in some other exchanges, you can even have the chance to trade against EUR, GBP and the likes.

It is better you just hold the equal version of fiat. In most exchanges like bittrex and poloniex, there is USDT which is the equivalent in dollars and with that one, you can at least be trading against fiat and what you are holding will not really be an issue with fluctuations since it is a controlled environment and the value does not really get above $1.01 at most.

Fiat is just the best way. There is no other cryptocurrency you can trade with except USD/USDT as the case may be in most exchanges. This is the only way you can hold a currency that would not fluctuate if that is what the OP is really looking for. I have been trading mostly USDT pairs and some BTC pairs and I have noticed to be making a lot trading USDT pairs anyway but it all depends on everyone.

I thought that the tether was just created to sit in it and keep crypto money. Risks are everywhere and always. Anyway USDT is most of all meets the needs of preservation and is not subject to volatility as other cryptocurrencies.

Why would you say you are kidding ?
You are very right and the other coins in the top 20 are as volatile as bitcoin since they are decentralized currencies as well, so you can have a chance of holding a coin that can drop in value. Tether on the other hand is an equivalent of USD on most exchanges and you are making your trades at the rate of 1 USD which does not change since it is controlled.

for Tether seems you have to convert all alt coins to LTC or BTC before you can exchange into Tether, at least that how it is on Cryptopia