Topic: Neutral Coins to Hold Currency (Read 169 times)
for Tether seems you have to convert all alt coins to LTC or BTC before you can exchange into Tether, at least that how it is on Cryptopia
what would you say would be a good coin to use for a neutral hold that doesn't gain or loose much at all?
some where that I can save my gains from something like LTC and take my gains while market goes red and put them into a certain coin that doesn't move,
suggestions thanks
some where that I can save my gains from something like LTC and take my gains while market goes red and put them into a certain coin that doesn't move,
suggestions thanks
Tether
. Just kidding. There are few coins in top 20 with less volatility.You can watch them. But what is the use of it?You are very right and the other coins in the top 20 are as volatile as bitcoin since they are decentralized currencies as well, so you can have a chance of holding a coin that can drop in value. Tether on the other hand is an equivalent of USD on most exchanges and you are making your trades at the rate of 1 USD which does not change since it is controlled.
I thought that the tether was just created to sit in it and keep crypto money. Risks are everywhere and always. Anyway USDT is most of all meets the needs of preservation and is not subject to volatility as other cryptocurrencies.
what would you say would be a good coin to use for a neutral hold that doesn't gain or loose much at all?
some where that I can save my gains from something like LTC and take my gains while market goes red and put them into a certain coin that doesn't move,
suggestions thanks
No guarantee of the cryptocurrency will be stable or not losing much value when the market correctionsome where that I can save my gains from something like LTC and take my gains while market goes red and put them into a certain coin that doesn't move,
suggestions thanks
I think FIAT is the best currency to hold assets when the crypto market correction if there is no local currency available in your exchange then the alternative is USDT
Then probably you need fiat (and USD will be the best option) because I can't find any stable cryptocurrencies in the market as you are looking for.
I wonder why you need to convert your money to stable currency, BTW if you find a decline in market of alts like LTC you can choose BTC to keep your funds safe because Bitcoin is now the most reliable cryptocurrency.
Fiat is just the easy way out. Every other crypto will always fluctuate hugely, asides USDT anyway which was made to be another form of USD but in the cryptocurrency form. With that way in some of the exchanges you can just trade against USDT in form of fiats. Whereas in some other exchanges, you can even have the chance to trade against EUR, GBP and the likes.I wonder why you need to convert your money to stable currency, BTW if you find a decline in market of alts like LTC you can choose BTC to keep your funds safe because Bitcoin is now the most reliable cryptocurrency.
It is better you just hold the equal version of fiat. In most exchanges like bittrex and poloniex, there is USDT which is the equivalent in dollars and with that one, you can at least be trading against fiat and what you are holding will not really be an issue with fluctuations since it is a controlled environment and the value does not really get above $1.01 at most.
To what end if i may ask. You can as well choose from the pool of the first 20 alt coins and enjoy your rest.
what I was getting at was a crypto that doesn't move around as much
That doesn't exist because they're all pegged to bitcoin. Bitcoin is the most 'stable' thing you can hold apart from tether, if tether doesnt fail.And Bitcoin is pegged to USD as well. There is a conversion rate but correct me if I am wrong - without any USD there is no value of Bitcoin. Heck without fiat there is no value of any other cuurrency.
As for neutral coins to hold - what exactly do you mean by neutral coins? A coin that does not take sides I guess? I dont know why people are suggesting tether because I would not and rather hold any crypto for that matter.
Even holding bitcoin is good idea. But not USD/Tether.
what would you say would be a good coin to use for a neutral hold that doesn't gain or loose much at all?
some where that I can save my gains from something like LTC and take my gains while market goes red and put them into a certain coin that doesn't move,
suggestions thanks
Maintain a Value that does not even grow and low. Coins.ph is the right app and or wallet for you. There are two varities of this wallet the PH wallet that does not increase or decrease and The BTC WALLET that Bitcoin normally does. It is like a trading platform but doesnt require fees only you can lock your funds on the PH wallet with nothing to lose. some where that I can save my gains from something like LTC and take my gains while market goes red and put them into a certain coin that doesn't move,
suggestions thanks
so more less I am best to just exchange back and forth between coins red and green to maintain and keep profits?
what I was getting at was a crypto that doesn't move around as much
That doesn't exist because they're all pegged to bitcoin. Bitcoin is the most 'stable' thing you can hold apart from tether, if tether doesnt fail.
what I was getting at was a crypto that doesn't move around as much
what would you say would be a good coin to use for a neutral hold that doesn't gain or loose much at all?
some where that I can save my gains from something like LTC and take my gains while market goes red and put them into a certain coin that doesn't move,
suggestions thanks
If you mean that you are looking for a cryptocurency to hold your money that does not change in value, than no there is not,cryptocurrecies are unstable and hard to predict, it is one of the risks that you have to take in order to make profit from it, the best place to hold your money rather than just keeping it in its original form to not have its value dropped is gold, gold is known to be the most efficient way to store money for its price that never drops because of the constant demand, although holding your money in the form of gold is not going to make you as much as cryptocurrecies would, but it would defiently be better than keeping it in fiat. some where that I can save my gains from something like LTC and take my gains while market goes red and put them into a certain coin that doesn't move,
suggestions thanks
So I was thinking of using USDT as a "neutral hold"
for keeping gains, but seems on the exchanges, USDT only supports a small amount of coins to exchange
seems I have to exchange something like Verge into BTC or LTC and put it into USDT for that to work.
Would Ripple XRP be a better option as a Neutral hold?
for keeping gains, but seems on the exchanges, USDT only supports a small amount of coins to exchange
seems I have to exchange something like Verge into BTC or LTC and put it into USDT for that to work.
Would Ripple XRP be a better option as a Neutral hold?
so would you all say USDT (tether) better to use over XRP for a neutral crypto hold? as in keeping my profits and reinvest to the others when things go green again? thanks
Don't reinvest when things 'go green'!
The wisest rule in investment is: when others are selling, buy. When others are buying, sell.
USDT is usually the cryptocurrency of choice during bleeding periods of the market but now bitcoincash appears to be the currency of choice for such periods at worse you could move your portfolios into fiat but that depends on which exchange you may be using and if there is support for fiat currencies.
Bitcoin cash is so unstable, price can change up to 1000$ per day. Our balance can change very fast and not good coins to hold in bleeding days.
so would you all say USDT (tether) better to use over XRP for a neutral crypto hold? as in keeping my profits and reinvest to the others when things go green again? thanks
USDT is usually the cryptocurrency of choice during bleeding periods of the market but now bitcoincash appears to be the currency of choice for such periods at worse you could move your portfolios into fiat but that depends on which exchange you may be using and if there is support for fiat currencies.
USDT(tether) is the coin which is not much volatile as compared to other crypto-market. The reason behind that is that USDT is backed with USD which helps its price to remain stable even when whole market is red or green. many traders perform trades taking USDT as base as it helps them to calculate profits easily and make trades less confusing. So if you want to save yourself in drowning market then exchange your holding into USDT.
There is a risk with USDT(Tether) like any other crypto (perhaps even more since it is centralized). Technically, your USDT is not redeemable for anything. In my opinion USDT is a good thing to use for short term but not to rely on for longer period of time.
There are many coins like Bitcoin, and fiat currencies like USD, GBP, EUR, CAD, CHF, where doing investment is really safe and you can generate a good and stable returns as these options are really stable for investment as they are having good and better demand, volatility, and momentum for trading purposes. Myself invested in Forex pairs and been holding at least for a quarter and earn a good income because there you can find the best liquidity for investment purposes with Big quantity.
USDT(tether) is the coin which is not much volatile as compared to other crypto-market. The reason behind that is that USDT is backed with USD which helps its price to remain stable even when whole market is red or green. many traders perform trades taking USDT as base as it helps them to calculate profits easily and make trades less confusing. So if you want to save yourself in drowning market then exchange your holding into USDT.
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