Strategy 1#: how to avoid volatility on Crypto holdings.
Now the Market is relatively down on the dominating coins especially Bitcoin. I think it is just recently the price went up a bit.
The price didn't increase since midnight till now. Most people investing in Bitcoin will be frustrated as to why this is happening at this time. Here is the portfolio for last 24 hours for Bitcoin.
It decreased to about -0.31 percent representing $172.28. This is alot of money though. In the next hour this is the prediction made which will affect BTC.
And the image above shows that BTC will decrease according to the prediction. I myself have been monitoring Bitcoin using this prediction and it doesn't lie. It's 80% accurate according to the deductions drawn. So here is the case where you are a Bitcoin holder. What are you going to do now? Here there is something we call volatility and this I believe is always bound to happen. We might not know when Bitcoin will rise or fall and it happens rapidly. After every minute and second, the price changes. Now someone might ask how can I prevent this from happening to me?
The answer is simple. You can escape this fluctuations by; 1. Using offline wallets to keep the money before the Cryptocurrency rises up again. Sure thing you can send the money to another crypto wallet that is an offline wallet for safekeeping. This is a care free way of escaping price volatility. I swapped the Bitcoin I had into Ethereum like a month ago. Check the image below.
The price of ETH has risen to about 15.26% currently. And before I exchanged the Bitcoin to Ethereum, the Bitcoin was around 5$ there about. Now after the swap. This is what I got in return in ETHEREUM after some hours.
So here you can; Swap to another Cryptocurrency for it to increase within a certain period of time and when you find out though some predictions that it is rising then you can swap it back. I will recommend Free wallet. A Cryptocurrency wallet that accepts BCH BTC ETH and other Altcoins and shitcoins. Speaking of shitcoins they increase drastically like up to a +200% . So you can just be monitoring one of them and boom you make it. Going bullish 😁.
Then in that way you can send the Cryptocurrency holdings back to where you want it to be when the market is stable. No need for any problem losing your money. It is safe and secure. So u can; Use an offline wallet for the meantime. And also use this alternative if you are a risk taker by swapping the money for another Cryptocurrency and see it going to the mooooon ! You can also try and sell the coin to get another Cryptocurrency that is on the rise and immediately the market is stable then you distribute the Crypto holdings you have to your respective cryptos. Going bullish all the time.
I hope this article was helpful. Thank you for your time. Suscribe and comment for more. And also if you are interested in my next article which will be about the Cryptocurrencies to monitor in order to go bullish all the time you can suscribe in for more. Was this article helpful? If not you can click the link below to contact me and ask more questions about volatility. Contact me https://chat.whatsapp.com/FVZCJoZG3CYHWtISHyRbiY Credits: @MarcDeMesel @TheRandomRewarder @Ruffa @Telesfor @niiadot @georgedonnelly
4 comments
Thank you very much.. I just wish there were more of consistencies
Yeah I also wished
This is what we do, it's buu low sell high. We sell it into fiat when the orice pumps and sell again when it dumps. I'm using bitcoin.com wallet and binance for that.
That's nice