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RE: If You Don't Trust Bitcoin and Aug. 1st - Hedge with SBD
@generation.easy ive turned most of my BTC into LTC and some into SBD (might put it into steem power just need to take it from my offline wallet first) so i feel quite safe about aug 1st as when the price drops ill turn my LTC to BTC again
Why just LTC and SBD? Why not buy some Ripple (XRP), as well. Ripple is partnering withsome of the most prominent banks and financial institutions to facilitate cross-border payment solutions. If global brands like Standard Chartered, Bank of America Merrill Lynch, Royal Bank of Canada etc. are showing confidence in it, its no wonder it has seen a 3000-4000% growth in the last few months. Best of all, it still has a ways to go before it reaches its full potential. It's a must-buy, if one is thinking of holding long term.
I have seen some banks adopted ripple but the time to invest would have been before the banks started to use it so i benfited from the 4000% increase i might invest in namecoin that seems to have potential, do you hold any cryptos @fuchsia.ink ?
I'm a newbie to this fascinating world of cryptocurrency! Still trying to find my bearings. I have started building my portfolio with a little bit of ethereum, some bitcoin and some neo and plbt. I'm planning to put some money into ripple and maybe sia coin. What abou you?
essentially we are looking at short term trading options to help mitigate loss and potentially making a profit.
I see SBD being a near guaruntee to hedge against in case bitcoin plummets.
LTC should also be a solid move due to it being a currency in nature and 2nd to bitcoin
Although I find ripple to be a long term investment. I don't believe this down trend has ended. The large XRP holders are central figures and full of manipulation
thanks for the comment
Ltc seems to be a safe bet and could find another All time high during this event
@generation easy i might invest in name coin it looks to have potential, its expected to grow quite large
Yeah, im not too big of a fan of the old blockchain tech. Nmc/ppc have this wierd link in price too that confuses me. But, something the new projects dont have is that the old tech has some old investors with large bankrolls... so who knows.
If your a long term holder, i expect at one time or another you will have the opportunity for profits though.
Considering, that LTC has pretty much held its own during this unpredictability, your prediction may very well come true.