Actually I put part of my crypto in NuBits which is dollar pegged so I'm letting the bottom follow out from under me and then I will buy back in at lower prices. Only a fraction of my holdings is in that because there is still risk in it as well.
It is funny because I made a video on Nov, 30th talking about NuBits, USDT, STEEM Backed Dollars, and BitUSD. No one really cared about the video at the time because everything was going up but I knew a big sell off was likely at some point. But I even have been ravaged by this downturn because it has been so severe.
Three days ago I resynced my NuBits wallet and moved some of my assets over there. The first day I was feeling like I fucked up because prices were back up. I stuck with my decision and now stuff is way down.
https://steemit.com/bitcoin/@brianphobos/what-i-m-doing-to-mitigate-my-downside-risk-nubits
<h2>Personally I don't feel like Bitcoin can stay under $5,000 for any length of time. So if we get to that level I feel like big money will pore in. It is hard to tell for sure though.</h2>
My plan is to run my SmartCash SmartNode like I was going to originally, keep blogging hard and taking the SBD and converting to NuBits for now stacking those up, then when the dust settles I will start stacking up some of my other holdings to take larger positions so that when we come out of this I will be even stronger.
Earn $10 Of Free Bitcoin From Brian Phobos!
Thank you for reading my post and please consider following me @brianphobos