Post
Topic
Board Altcoin Discussion
Re: Preparing for the dip days as an investor
by
CryptopreneurBrainboss
on 15/03/2020, 06:58:45 UTC
To be honest, this present dip situation where all prices got low has taught me that, as an investor planning and waiting to buy the bottom of top crypto currency tokens, you need to have in store lots of tusd or usdt or stable coin to achieve that.

The rate at which to buy bitcoin from local fiat notes increased immensely during this dip, making it hard to buy btc or eth.
Who else noticed such occurrences?

Do you think, holding up stable coins as the proper way to prepare for an investment schedule??

I also noticed it, my local currency Naira rose as high as N520 per dollar, before it decline back to around N420- per dollars. Before this economy crash, it was trading around N350 - N370 per dollar. Your suggestion of holding your funds in stablecoin is a good one although knowing the project to patronize is where the problem is.

We have numerous stablecoin and there are still hundreds yet to be developed and dumped into the market. Most of the popular ones are associated with controversy and shady business operations which makes it difficult to trust their credibility.

The fear of them also performing an exit scam with Investors funds or them getting shutdown due to hack or government intervention, had been the major reason I have been much of a fan of most of the stablecoins out there especially USDT although it isn't a bad idea the OP has just recommended but be cautious.