Re: search for a cryptocurrency to prevent loss from fluctuation
You are missing 2 points
My advice is to allocate main part of your capital into Bitcoin. Bitcoin is the King of crypto market and any dramatic changes of bitcoin price will have effects on altcoin price. In most cases, it will cause massacres on altcoins.
If bitcoin price falls 10%, massacre will be triggered on altcoins and most of them will have consequent drops from 15% to more than 20%.
The image shows you % down from all-time highs. You can see how altcoins are worse than bitcoin in this indicator. You can check it with Messari.io's screener and choose the indicator % Down from ATH.
Back to Tether USD, it is not safe as you thought. PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets
- Tether USD is an altcoin.
- Fluctuation means not much changes in price. In reality, price of bitcoin and cryptocurrencies are highly volatile.
My advice is to allocate main part of your capital into Bitcoin. Bitcoin is the King of crypto market and any dramatic changes of bitcoin price will have effects on altcoin price. In most cases, it will cause massacres on altcoins.
If bitcoin price falls 10%, massacre will be triggered on altcoins and most of them will have consequent drops from 15% to more than 20%.
The image shows you % down from all-time highs. You can see how altcoins are worse than bitcoin in this indicator. You can check it with Messari.io's screener and choose the indicator % Down from ATH.
Back to Tether USD, it is not safe as you thought. PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets