Cryptocurrency volatility is a perfect place to use stable coin, if used right it can improve your financial position.
"You don't lose money if the bet goes wrong, you just don't win"
Do you think your cryptocurrency has reached the historic top and has no more ground to cover? Start betting against her and change to stable coin, if she keeps going up you won't be losing anything, you'll just stop winning more.
The pressure made by selling will give you a low price where you can make your entry again with more than double the coins.
"Every cryptocurrency has a cycle, it has time to rise and fall."
Downside of Stable coins
- Does not increase its value against the dollar.
- It can leave you out of a historic high.
- Etc...
Beware, those who bet against bitcoin only got screwed, this since 2009.
Note:
Article written based on my observations and thoughts. So it is not a financial recommendation, do your own research before investing or using any financial strategy.
Image source: Pixabay user tumisu