search for a cryptocurrency to prevent loss from fluctuation

[authentist]

Hi guys and ladies,

as I can assess, right now, bitcoin is at its high turning point (11k USD), as well as some other altcoins I am holding. So I soon expect great loss from the price drop.

I would like to find a currency that prevents this loss from fluctuation.

Tether f.e. (handled in BTC) fluctuates exactly the same as bitcoin in USD.

Which altcoin would you advise for short / long term stability?

Thanx in advance
authentist

[tranthidung]

You are missing 2 points

• Tether USD is an altcoin.
• Fluctuation means not much changes in price. In reality, price of bitcoin and cryptocurrencies are highly volatile.

My advice is to allocate main part of your capital into Bitcoin. Bitcoin is the King of crypto market and any dramatic changes of bitcoin price will have effects on altcoin price. In most cases, it will cause massacres on altcoins.

If bitcoin price falls 10%, massacre will be triggered on altcoins and most of them will have consequent drops from 15% to more than 20%.
The image shows you % down from all-time highs. You can see how altcoins are worse than bitcoin in this indicator. You can check it with Messari.io's screener and choose the indicator % Down from ATH.

Back to Tether USD, it is not safe as you thought. PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

Tether f.e. (handled in BTC) fluctuates exactly the same as bitcoin in USD.

It is inaccurate (see comparative chart -- red is for USDT/USD, blue is for BTC/USDT).

[rhomelmabini]

I guess this is more appropriate topic on Altcoins Discussion. Well, if you're really a risk taker and want to take some altcoins to hold even short/long term then my advice is to have the altcoins that has large market caps, more like the established tokens/coins.

Back to Tether USD, it is not safe as you thought. PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

Thanks for the information!

[amishmanish]

As said above, this is most suitable for the Altcoin section. There maybe lot of people like you who would want to safeguard some significant amount into things like USDT. If you want stable value then i guess stablecoins is the way to go. They are the only product whose purpose itself is to maintain the peg against dollar. There is DAI from MakerDAO and plenty of other stablecoins like BUSD, SUSD, USDC etc.

If conversion is not an issue and you really just want to hedge your risk then you may go into simple fiat as well. Though, if you have significant BTC, then liquidating all into stablecoins will be bad.

[mk4]

Tether f.e. (handled in BTC) fluctuates exactly the same as bitcoin in USD.

Wait what? I'm definitely not saying that holding Tether(USDT) is the right move, but being completely centralized, it has been mostly $1 with only small rises and drops in cents($0.99 - $1.01).

Seriously though, screw "crypto", just hold fiat if you need to temporarily hold something with low fluctuations. For long term though? gold and/or bitcoin.

Back to Tether USD, it is not safe as you thought. PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

Aaaye thanks for the plug! <3

[SquirrelJulietGarden]

They are the only product whose purpose itself is to maintain the peg against dollar. There is DAI from MakerDAO and plenty of other stablecoins like BUSD, SUSD, USDC etc.

The article can help Top 10 stablecoins of 2020. Stablecoins are different on collaterized assets (fiat, commodity, crypto, and nothing).

[adzino]

Hi guys and ladies,

as I can assess, right now, bitcoin is at its high turning point (11k USD), as well as some other altcoins I am holding. So I soon expect great loss from the price drop.

I would like to find a currency that prevents this loss from fluctuation.

Tether f.e. (handled in BTC) fluctuates exactly the same as bitcoin in USD.

Which altcoin would you advise for short / long term stability?

Thanx in advance
authentist

You are expecting a great loss soon, then why don't you sell your coins and when the price falls, buy whatever you sold. You get back your coins and your profits. Or don't sell any of your coins. You won't make any loss if you don't sell your coins. Even if the price drops, you still have a same amount of coins. Just keep holding it (unless its one of those random shit altcoins that you are holding), since the price is bound to recover in the long run.

If you are looking for a stability, invest on something else like gold. Cryptocurrencies aren't stable (unless you hold those stable coins. Buy why?)

[pooya87]

you are getting a lot of things wrong here!

as I can assess, right now, bitcoin is at its high turning point (11k USD),

$11k is not a "turning point" it is simply a resistance. and there is no reason for a drop just because you think a price level is a resistance.

as well as some other altcoins I am holding.

majority of altcoins don't have any resistance, they just have ATHs that are reached from their pumps and then downward trend they start right after their dumps begin. which means you shouldn't be holding them in first place.

I would like to find a currency that prevents this loss from fluctuation.

currencies don't do that, least of which cryptocurrencies and definitely not altcoins.
if you want least amount of volatility then your choice is fiat although fiat can also tank heavily.

Tether f.e. (handled in BTC) fluctuates exactly the same as bitcoin in USD.

no it does not. Tether is called a "stablecoin" for a reason! although it should not be used since it is a centralized and extremely risky coin.

Which altcoin would you advise for short / long term stability?

i've already explained why you shouldn't hold any altcoins. here is another reason, whenever bitcoin rises or falls altcoins get dumped. so even if you are worried about fluctuations, you shouldn't be holding altcoins. hold bitcoin or fiat.

[Eureka_07]

<snip>
Tether f.e. (handled in BTC) fluctuates exactly the same as bitcoin in USD.
<snip>

If you are referring to the value of bitcoin in terms of Tether, yes, it's almost the same with the value of bitcoin in terms of USD since USD and usdt has almost the same value.

On the otherhand, USDT doesn't fluctuates as bitcoin does.
USDT is an stablecoin which means it has low volatiliy.
That's also a reason why USDT has low risk to fluctuate as this coin was made to have same price with USD.

[Coin_trader]

There is no altcoins that's not correlated to BTC unless Stable coins or some coins that has a low market cap. I suggest coins that listed on top 100 that have a staking feature so that you can recover some of your loss in the staking profit while you are still holding your coin. My suggestion is good if you really want to convert in altcoins and not on stable coins for safeguarding your profit whenever BTC price fluctuates.

The safest way is to convert on Stablecoin like Paxos. Big NO on USDT, That stablecoin is BS.

[hatshepsut93]

If you expect Bitcoin to fall, then you should just exit the crypto market and hold cash or look for other markets - because all altcoins follow Bitcoin, so you can't diversify in this market. Gold is probably a good alternative to Bitcoin right now, since it's actually a hedge against stocks, and stocks continue to bubble, which means a crash will come.

[maydna]

The best currency to prevent the loss from fluctuation in the crypto currency is your fiat money

Or you can use your money to buy gold, that will be another option to prevent the fluctuation.

The risk in the cryptocurrency is fluctuations that will always happen from time to time. It is what you need to pay when you invest in cryptocurrency. You can invest in stable coins, but I don't think that you can make a profit like what you invest in bitcoin or altcoin. Perhaps, you can invest in bitcoin than in altcoin, but you must try to buy bitcoin at a low price. To find a lower price of bitcoin will be difficult because we can miss that moment while the price can increase after touch the low price.

[cryptomaniac_xxx]

Hi guys and ladies,

as I can assess, right now, bitcoin is at its high turning point (11k USD), as well as some other altcoins I am holding. So I soon expect great loss from the price drop.

I would like to find a currency that prevents this loss from fluctuation.

Tether f.e. (handled in BTC) fluctuates exactly the same as bitcoin in USD.

Which altcoin would you advise for short / long term stability?

Thanx in advance
authentist

Tether is being used to hedge in those kind of big fluctuations. However, if you are in for the long term, then why hedge it? And I do hope that you understand that crypto is really a speculative asset so there's a lot of fluctuations going on. And this kind of wild price swings is somewhat has advantage for us crypto traders. So I can't advise any altcoin, worst they are much unstable as bitcoin is. So it's better to just put your investment on bitcoin only and hold for long term.

[kryptqnick]

Hi guys and ladies,

as I can assess, right now, bitcoin is at its high turning point (11k USD), as well as some other altcoins I am holding. So I soon expect great loss from the price drop.

I would like to find a currency that prevents this loss from fluctuation.

Tether f.e. (handled in BTC) fluctuates exactly the same as bitcoin in USD.

Which altcoin would you advise for short / long term stability?

Thanx in advance
authentist

What do you mean Tether fluctuates as Bitcoin? Tether is always worth almost exactly 1 dollar, so no wonder the BTC price in Tether is the same as BTC price in USD. If you expect Bitcoin to fall, you can sell for Tether now. And then you'll have 11k Tether when Bitcoin is worth, say, 9k (if the drop actually happens), so you buy back and have more BTC. I don't trust Tether, but most do. Or you could sell for fiat, of course. As for long-term stability, cryptos don't do that. Again, Tether has been very stable for a long time, but if something happens to USD or if people start panic selling Tether, which is not 100% backed up with USD, it'll fall hard.

[authentist]

Hi guys and ladies,

as I can assess, right now, bitcoin is at its high turning point (11k USD), as well as some other altcoins I am holding. So I soon expect great loss from the price drop.

I would like to find a currency that prevents this loss from fluctuation.

Tether f.e. (handled in BTC) fluctuates exactly the same as bitcoin in USD.

Which altcoin would you advise for short / long term stability?

Thanx in advance
authentist

You are expecting a great loss soon, then why don't you sell your coins and when the price falls, buy whatever you sold. You get back your coins and your profits. Or don't sell any of your coins. You won't make any loss if you don't sell your coins. Even if the price drops, you still have a same amount of coins. Just keep holding it (unless its one of those random shit altcoins that you are holding), since the price is bound to recover in the long run.

If you are looking for a stability, invest on something else like gold. Cryptocurrencies aren't stable (unless you hold those stable coins. Buy why?)

Its because I dont want to transfer my bittrex balance to a fiat-linked exchange market and sell it, every time btc is at its high..

[jossiel]

Tether f.e. (handled in BTC) fluctuates exactly the same as bitcoin in USD.

Tether and other stable coins don't fluctuate as much as BTC does. You misunderstood how they work. There's a protocol where Tether is running from BTCs network or blockchain, the omni layer protocol which I think made you think that it works like that.

Which altcoin would you advise for short / long term stability?

DAI.

The topic is relevant to Altcoin Discussion not Bitcoin Discussion.

[Kelvinid]

Maybe you stop looking into crypto but rather choose gold if you don't want to lose. Bitcoin, Tether, and the rest of the cryptos around are known for its volatility, you can't find that thing in here.

And to assess you as well, you're not meant to be in crypto if you keep that worries about losing. People who have come in here wearing that will always end up nothing, unless if they will able to change their minds. Sounds that crazy but you should not always be thinking about risk coz that is the way that might ruin your decisions.

[GreatArkansas]

Maybe you stop looking into crypto but rather choose gold if you don't want to lose. Bitcoin, Tether, and the rest of the cryptos around are known for its volatility, you can't find that thing in here.
(.....)

Gold? It's still the same. You can't guarantee that you will not lose when you choose gold to hold. Price of gold is also changing, just like Bitcoin.
Gold also have fluctuation but it's kinda less compare to Bitcoin.
Some people also telling that Bitcoin is a digital version of Gold, that's why a lot of people comparing gold and Bitcoin, although they have some similarities to each other.

[milewilda]

Hi guys and ladies,

as I can assess, right now, bitcoin is at its high turning point (11k USD), as well as some other altcoins I am holding. So I soon expect great loss from the price drop.

I would like to find a currency that prevents this loss from fluctuation.

Tether f.e. (handled in BTC) fluctuates exactly the same as bitcoin in USD.

Which altcoin would you advise for short / long term stability?

Thanx in advance
authentist

You can switch up on known stable coins in the market.

1. Tether (USDT)
2.  True USD (TUSD)
3. Paxos Standard (PAX)
4. USD Coin (USDC)
5. Binance USD (BUSD)

Source: https://www.benzinga.com/money/best-stablecoins-and-4-types-of-stablecoins/

Reminder: Stablecoins is not always been safe as you thought.

[Sadlife]

I never convert my Bitcoin's or other Cryptocurrency for Stable Coins such as USD tether. Instead i accumulate the dip and increase my holdings through that process, because i know Bitcoin has limited supply, and someday we may not able to mine or produce any BTC after all circulating supply is mined and added to the blockchain. If that's the case more demand will come in, and will surely pump the price.