Topic: Why should i always have fiat? - page 5. (Read 820 times)
Or maybe you can have some stable coins like USDT. I think they can also benefit users in a situation like you mentioned above. But of course, one should have adequate amount of fiat too. I don't really buy the whole anti-fiat idea. Crypto is great, but fiat is also important. So have some fiat, no matter what.
this system can cover past losses with new profits that can be obtained by buying a cheaper one, I also often use the reserve fund strategy, I divide the investment funds into 3 parts, if the coins go down the second fund I reinvest, and it turns out the decline is still happening so the third fund can be used to buy basic prices, that's where the third fund always covers the cost of the first and second investments
i think i like the idea of keeping funds in fiat not only in crypto, it has been a safe haven for me ever since i began investing in cryptocurrencies, one cannot predict the market movements so one need a plan B
One of the mistakes that some crypto enthusiasts make is to convert all the fiats they have been able to accumulate all these while into cryptocurrency, which is wrong.
There are times you might seriously need fiats, not just because you do not want to invest all that you have into crypto alone, but to sometimes cover-up for your losses.
How does it work?
Take for instance every coin you invested in had plunged, just like what happens during bearish market. Then you notice another coin that has the potential to give you more than x2 of your investment. You may not be able to afford selling those coins you initially had, which had plunged.
In this case, you might need your fiat to purchase another coin(eth or btc), that can be used to make the new purchase.
This works most times for traders and sometimes for investors.
Before you know it, you would have recover your losses within a short time and you will have nothing to worry about.
It works for me and i just wished to share the idea, peradventure you will find it useful.
There are times you might seriously need fiats, not just because you do not want to invest all that you have into crypto alone, but to sometimes cover-up for your losses.
How does it work?
Take for instance every coin you invested in had plunged, just like what happens during bearish market. Then you notice another coin that has the potential to give you more than x2 of your investment. You may not be able to afford selling those coins you initially had, which had plunged.
In this case, you might need your fiat to purchase another coin(eth or btc), that can be used to make the new purchase.
This works most times for traders and sometimes for investors.
Before you know it, you would have recover your losses within a short time and you will have nothing to worry about.
It works for me and i just wished to share the idea, peradventure you will find it useful.
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