Post
Topic
Board Speculation
Re: What if bitcoin crash, could you put your money in another currency to be safe?
by
Xester
on 08/03/2017, 10:36:31 UTC
For example, if bitcoin is going to crash and I exchanged it into $1200 Ethereum lets say. And it goes down to $800 USD, will the Ethereum value go down?

Could you exchange your bitcoin into another currency to be protected from a crash?
I think Coins like Doge, LTC , USDCOIN all of these are 99.9% stable always in the same price, 0.01% prob that you are very very very unlucky and it drop when you buy but I don't think it will happen.

What do you think ?

If bitcoin will crash it will affect all cryptocurrency. The reason is that all cryptocurrency is using bitcoin as a medium of exchange. If bitcoin will crash then people will be selling all their cryptocurrency since they will lost their trust on this kind of currency. Everything will crash and not just bitcoin. Bitcoin is the foundation of cryptocurrency without bitcoin everything will just shut down.