China Ban's ALL Crypto Exchanges - 3 Way's To Keep Investments Safe!
The FUD
There has been so much news spreading about China and their government banning ICO's (initial coin offering) coins. This caused a lot of dumping by whales and then people following after. Recently there has been news spreading about China's plan to shut down all of their crypto exchanges!
The news was shared by Wall Street Journal about the plans of the Chinese government to close down all of the exchanges, this has caused even more dumps and losses in profit.
So, in times like this where the value of coins dropping by 20% or more how do we keep our investments safe? Well, there are three ways that we can try to hold as much value as possible.
The 3 Method's
[1] - Hedging into USDT
One option you have is to sell all your coins and jump into USDT because of these dumps. This will enable you to sell what ever value you have now then buy back into Bitcoin when the price bottoms out. When you do this you can buy much more BTC because it had become so much cheaper and then you can hold the BTC until it recovers.
[2] - Buying Privacy Coins
Coins like Monero, Verge and PivX are all privacy coins, many of the Chinese have been buying those coins to dodge the dumps of all the coins based in China. These privacy coins are somewhat stable for now, the value may drop but it should recover in the future.
[3] - Ripple
From all the news about China banning ICO's and now all exchanges, XRP (ripple) has not moved much at all. The news does not seem to affect ripple too much because it is not decentralized completely, this gives it an extra edge. Even though I hate how it is centralized, but desperate times call for desperate measures!
There is a lot of FUD and fake news rolling around, to be safe these are our best bets to save our investments. It is necessary to mitigate the losses by hedging and moving around investments. Many whales are dumping and the market cap is dropping, which is extremely bad for the future prices of all these coins.
If this helped you save some investment leave a upvote and fan me for more! Resteem to help inform others. Comment below what you usually do!
What is your opinion on ARK? I haven't done too much research but the market has gone done considerably recently yet ARK has steadily gone up over the past month from ~80 cents to ~ 3 dollars today. It was also minimally affected by China's news.
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