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GlobalProtection (OP)
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October 25, 2017, 07:22:41 AM |
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I know that bitcoin is the mother crypto and the reserve crypto currency, but if a person suspected that a huge downturn in the price of bitcoin was likely to take place, what could they do to preserve the value without cashing out to fiat currency? That is the strategy that most people would suggest if you suspected that a HUGE FALL in the price of bitcoin was right around the corner. What cryptos or crypto strategies can you think of that may be least correlated to the price of bitcoin? Using those is another way to help preserve the value of your crypto holdings if you think that bitcoin may fall sharply in the future. If you were lucky enough to find a tremendous ICO that was at rock bottom prices at the time you wanted to transfer out of bitcoin this is a possible strategy. I am primarily interested in crypto coins that you have noticed which do not go down very much when the price of bitcoin falls greatly. Maybe there are not any, but maybe there are some that fall less than others? Thanks for your help.  |
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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tutorroma
Member
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Activity: 255
Merit: 10
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October 25, 2017, 07:27:33 AM |
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I think the anonymous coin is a good choice. Such as Monroe coins, zero coins, DASH coins. Bitcoin prices will certainly be higher in the future, but it may collapse. Anonymous coins do better in protecting this. So I like them better  |
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GlobalProtection (OP)
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October 25, 2017, 07:18:49 PM |
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I think the anonymous coin is a good choice. Such as Monroe coins, zero coins, DASH coins. Bitcoin prices will certainly be higher in the future, but it may collapse. Anonymous coins do better in protecting this. So I like them better I believe you meant Monero and not Monroe..... Has anyone done an analysis on the coins such as monero and zcash etc. to see if these coins did not dip as much as others during the huge downturn of Bitcoin a few weeks back? Or perhaps you can remember how they did if you were watching them? Any others you can think of? |
If both the legal big tech criminals and legal government criminals can see your data, so can the illegal criminals. Swiss based online privacy and data protection is the solution. Use coupon code: "Digital Swiss Safe" to obtain 10% off of the Swiss Crypto Safe price here > https://www.securesafe.com/en/faq/
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bitart
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October 26, 2017, 09:33:05 PM |
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In the last 2-3 weeks all the alts are like that. All the alts went down and bitcoin price was higher and higher, so there's no correlation this time. I know that the situation is a bit special because we were preparing for a fork but anyway.
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jjacob
Legendary
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Activity: 1554
Merit: 1026
★Nitrogensports.eu★
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October 26, 2017, 09:52:44 PM |
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The answer to your question is Tether. The price is linked to USD. It has zero correlation to Bitcoin. If you believe there is going to be a downturn, you can move into tether and come back into Bitcoin at a later point.
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GlobalProtection (OP)
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October 27, 2017, 06:48:02 AM |
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The answer to your question is Tether. The price is linked to USD. It has zero correlation to Bitcoin. If you believe there is going to be a downturn, you can move into tether and come back into Bitcoin at a later point.
I was just going to post this same information. You beat me to it. I just found out about Tether today. |
If both the legal big tech criminals and legal government criminals can see your data, so can the illegal criminals. Swiss based online privacy and data protection is the solution. Use coupon code: "Digital Swiss Safe" to obtain 10% off of the Swiss Crypto Safe price here > https://www.securesafe.com/en/faq/
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monkeydominicorobin
Full Member
Offline
Activity: 294
Merit: 104
✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪
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October 27, 2017, 07:19:31 AM |
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I know that bitcoin is the mother crypto and the reserve crypto currency, but if a person suspected that a huge downturn in the price of bitcoin was likely to take place, what could they do to preserve the value without cashing out to fiat currency? That is the strategy that most people would suggest if you suspected that a HUGE FALL in the price of bitcoin was right around the corner. What cryptos or crypto strategies can you think of that may be least correlated to the price of bitcoin? Using those is another way to help preserve the value of your crypto holdings if you think that bitcoin may fall sharply in the future. If you were lucky enough to find a tremendous ICO that was at rock bottom prices at the time you wanted to transfer out of bitcoin this is a possible strategy. I am primarily interested in crypto coins that you have noticed which do not go down very much when the price of bitcoin falls greatly. Maybe there are not any, but maybe there are some that fall less than others? Thanks for your help. Are you really asking a question or do you want validation? More or less you know something about alt-coins. Do your own research because all currency which is unrelated to Bitcoins are worthless right now except 42 Coin which is so expensive. Since you are presenting your post as a newbie. I will tell you that you are late in the game.Bitcoin is the king and trying to hedge is useless. If you want to trade in cryptocurrency. Don't create shortcuts. Study first. |
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yndye
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October 27, 2017, 07:29:10 AM |
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The answer to your question is Tether. The price is linked to USD. It has zero correlation to Bitcoin. If you believe there is going to be a downturn, you can move into tether and come back into Bitcoin at a later point.
I agree with this one. Many people shift to tether when the price of bitcoin is expected to go down. It is not fiat but many people believe that it is the fiat since it has a name of USDT. Almost all altcoins if not all are going down when bitcoin is in a rally or has a drastic falldown but tether is just in a stable value or rallying when bitcoin has a major movement. You can shift to usdt when you expect a major movement and then comeback to bitcoin when it is already stable. |
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MaryCris
Newbie
Offline
Activity: 14
Merit: 0
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November 04, 2017, 08:11:50 AM |
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There are many cryptocurrencies emerging now, but one of the originals was called Bitcoin. One of the top blockchain of cryptocurrency is Ethereum. It can execute code that can specify conditions under which transaction will happen called Smart Contract that is executed without any outside interference, and will even happen regardless of that fact that something might happen to a computer on the distributed database. As years go by, these cryptocurrencies are advancing remarkably. It is a good time to invest!The Propthereum ICO crowdsale will run off a decentralized Smart Contract that runs on the Ethereum Blockchain. It is secured with a 256-bit encryption which makes it secure and reliable. Propthereum Tokens will be minted as PTCs. These coins are a digital representation tracking the funding of our ICO and crowdsale. The pre-ICO token sale will take place on November 10, 2017 at 12PM GMT.
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Jet Cash
Legendary
Offline
Activity: 2716
Merit: 2457
https://JetCash.com
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November 04, 2017, 08:25:44 AM |
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If there is a massive drop in Bitcoin, then there is a possibility that other coins will follow. If you want to diversify, then gold or domain names could be the answer. You question really implies that another coin will replace Bitcoin, and that won't happen unless some organisation manages to gain control. However, due to the high price of Bitcoin, there may be alternatives that provide faster growth of capital.
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Offgrid campers allow you to enjoy life and preserve your health and wealth. Save old Cars - my project to save old cars from scrapage schemes, and to reduce the sale of new cars. My new Bitcoin transfer address is - bc1q9gtz8e40en6glgxwk4eujuau2fk5wxrprs6fys |
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Ucy
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November 04, 2017, 09:07:56 AM |
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I would recommend a "Cryptocurrency" called USDT (US Dollar Tether). The Crypto price is tethered to the Dollar.. meaning that the price will always be thesame(or almost thesame) as US Dollar. I trade a lot with it.
With USD Tether on my side, I have never seen the need to convert my Cryptocurrencies to USD since I started trading.
It's pretty stable
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