Hi guys and ladies,
as I can assess, right now, bitcoin is at its high turning point (11k USD), as well as some other altcoins I am holding. So I soon expect great loss from the price drop.
I would like to find a currency that prevents this loss from fluctuation.
Tether f.e. (handled in BTC) fluctuates exactly the same as bitcoin in USD.
Which altcoin would you advise for short / long term stability?
Thanx in advance
authentist
What do you mean Tether fluctuated as Bitcoin. Tether is always worth almost exactly 1 dollar, so no wonder the BTC price in Tether is the same as BTC price in USD. If you expect Bitcoin to fall, you can sell for Tether now. And then you'll have 11k Tether when Bitcoin is worth, say, 9k (if the drop actually happens), so you buy back and have more BTC. I don't trust Tether, but most do. Or you could sell for fiat, of course. As for long-term stability, cryptos don't do that. Again, Tether has been very stable for a long time, but if something happens to USD or if people start panic selling Tether, which is not 100% backed up with USD, it'll fall hard.