Don't Know What To Do With Your Crypto Before August 1st?
Hey guys, so you probably know that on August 1st, 2017 the whole Segwit2x stuff will be going on. All I know is that the blockchain is going to split because of high transaction fees and times. So, my fellow investors, you have 2 options here if you want to beat the market.
- Hold your cryptocurrency and eventually the market will go back up. This drop is temporary because of the Segwit2x investor uncertainty. Personally, I am holding my long-term Ripple and Siacoin.
- If you think the cryptocurrency your holding is really going to drop in value, transfer your coins into USDT. if you don't know what that is it is a cryptocurrency that retains its value around 1$ exactly all the time. Sometimes its at .98 or 1.02, but basically you get the point it won't drop hard or go up hard
By the way don't look at this drop as a bad thing. Look at it like a buying opportunity for a long-term investments. I already own Ripple but if its dropping lower than I bought it at i'm going to buy more.
Better buy bitUSD instead of USDTs. More secure and 3 sec transactions. It is secured by bitshares collateral and you can find it on the bitshares decentralized exchange. The exchange that is impossible to get goxed....
ok, but on what exchange? i can't trade them on kraken/poloniex/bittrex for instance: https://coinmarketcap.com/assets/bitusd/#markets
bitshares
and the openledger exchange: https://www.openledger.info/
oh thanks man, i didn't know about bitusd
Im just going on ETH, BTC going down in value is a great opportunity for the flippening . Even if that doesnt happen, ETH is at a low and will go up much sooner than BTC
Thanks for all the info!
@cryptotraderx Hey bud, is there a chance of instead of splitting, everyone goes the way of majority vote? I used to have Siacoin, bought at .1cent - should of sold at .2cents to buy back now. I think Siacoin has aways to go, probably go up when the asic miners are shipped out and started to be used.
Also- what does the steemit logo next to your blogs title mean? it says power up 100%
it means that 100% of your upvote earnings will go into steem power
The author chooses this when he creates the post, yes? I did not know that is what the little logo meant. Excellent!!! It tells us "up-voters" that this author is re-investing in steemit.com - which helps us all. At least for this post. Did I get that right?
: )
#payitforward
HODL and buy the dips! You cannot lose in the long run.
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STOPHi @cryptotraderx, great content and upvoted like always. I've a question to an cryptotrader like you. I made a top 5 of my favorite cryptoinvestment. Would you agree with some of them? Here is my crypto top 5 if you are interested.