Post
Topic
Board Bitcoin Discussion
Re: What is a good flight to safety?
by
bitcoinmaniac52
on 09/09/2017, 20:14:31 UTC
Bitcoin is sometimes touted as a flight to safety, but what I'm interested to learn is, if you feel the BTC market is due for a correction, what would your choice be for shelter from the storm, that allowed you to quickly get back in the market when you feel the bottom is in?

In the country I stay in they put severe capital controls on limiting the amount of money that can exit the system (conveniently they have no restriction on how much you can bring in).

I was thinking of something like Tether, but it doesn't appear to have much traction, and the hardware wallets that I have (Trezor and a couple of Ledgers) don't support it so far as I know.

So if you have more coins than you are comfortable parking on an exchange (essentially, any amount above zero for me), and you wanted to go to something with low volatility for a few days/weeks/months, what would be your choice?


What you should do is sell your Bitcoin asap into fiat because there will soon be a crash. Then you will see a crash for a few years, and you could withdraw slowly your funds to external source to avoid any problems with the government.