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Author Topic: search for a cryptocurrency to prevent loss from fluctuation  (Read 192 times)
Ridwan Fauzi
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October 02, 2020, 02:39:43 AM
 #21

First of all, you have to be aware that all crypto currency prices are volatile, there is no single coin that has a stable price and didn't have high fluctuation. Have you realized that, before buying bitcoin or altcoin? I hope you do, so won't be hoped if there is an altcoin event the tether though. Buy some properties if you don't want to see price fluctuation.

High volatility is good for some people/investors, although his intention to choose bitcoin for long term investment he will find first when to buy it to avoid the price drop after he bought. He will maximize opportunities and minimize losses he will face at least losses that will make him uncomfortable and sell all his investment at a loss situation.
davis196
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October 02, 2020, 05:13:45 AM
 #22

I assume that you are already familiar with stablecoins like Tether,so there's no point of asking your question.
There are 5 popular stablecoins,nobody is going to reveal to you a secret super stablecoin that has 0 price fluctuations. Grin Such stablecoin doesn't exist.
If you are so afraid of price volatility,then why you are trading and HODLing cryptocurrencies,especially Bitcoin?The skilled crypto trader/HODLer should not be afraid of any price fluctuations and should not let his emotions take control over his trading and investment decisions.

lebregone
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October 02, 2020, 10:58:41 PM
 #23

If you are not planning to invest your money then storing it to stablecoins is the best option, the same to what you have said like Tether (USDT) as it fluctuates exactly the same to USD. But if  you like to profit then you can invest to ETH, XRP and other top currencies out there who are not stable currencies.  Investing in top currencies will lessen the risk of you investment but if you like to gamble then you can look for fresh projects out there where you can easily earn a huge amount of money if you will be  lucky but be wise and make sure that you are ready to it if you like to take that journey so you will not lost your money.
Shasha80
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October 02, 2020, 11:15:15 PM
 #24

The volatile cryptocurrency price can indeed make us suffer quite a lot of losses, especially in today's market which is almost all coins dump.
Therefore, the best solution is to save in stablecoins where the price of stablecoins is not affected by price fluctuations that occur in the market.
The price of stablecoins is usually stable at $ 1, and for now I recommend to use USDT preventing loss from fluctuations, we can save in USDT,
that crypto we have. I think USDT is the best stablecoins right now, to be able to avoid losses due to price fluctuations that occur in the crypto
market.

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