Post
Topic
Board Announcements (Altcoins)
Re: (╯°□°)╯︵ ┻━┻ Protect yourself from BTC dump with Bitcoin Volatility Token
by
DenisGorbachev
on 14/07/2019, 15:35:24 UTC
Protect yourself from volatility with Volatility Token?  Grin So, is it a stable coin or not? If yes, it has very bad name, if no, how it can protect from volatility?

1. It's not a stablecoin: BTCV mark price equals $0.01 * 24H Bitcoin volatility.
2. BTCV mark price goes up when Bitcoin goes down - so you can protect against volatility by buying BTCV when Bitcoin is stable and selling BTCV when Bitcoin becomes volatile (e.g. dumps).

It's worth noting that "mark price" is not "last trade price". For more information about trading strategies, please check out "How to make money on BTCV token?"