image source

It has been hell of ride lately in the Cryto market due to it destructive bearish nature in the past few months, and it it not hidden that the newbies who are yet to understand the nature of the market suffered big lost.

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Most of us joined the crypto ecosystem during the all time highest bullish market of late 2017 and the first two months of 2018 and was carried away by the nature of the market as at then, who on earth will think that the almighty bitcoin would fall all the way from nearly 20k$ to as low as $3200 currently, as a newbie , we thought it was almost impossible not having in mind the law of gravity; 'what goes up must come down', the cypto market has not failed to obey this law.

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What most of us fail to understand

Due to the rate of ignorance of the most newbies , we have failed to understand that something can help us maintain our dollar value if bear market approaches.
Recently I learned about;

Stable coins:

A stablecoin is a cryptocurrency that is linked to another traditional stable asset, such as the peso, gold, or the US dollar. This coins are pegged at a dollar, which means if one converts 1 BTC when it was at 18k$ to a stable coin, that same 1 btc will worth about 5 BTC at the current BTC rate.
Now, most of us newbies don't know about this earlier and has suffered big lost lately even when one could have googled all this.
But experience teaches a lot, I have come to understand the market better now having invested in some platforms, if bull ever run again, I and some of you who have little time to read this will not fall the victim again.

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Some stablecoins in the crypto market

Image taken from The Block

You can find them in most of the major cypto exchange platforms.

And I hope this imformation helped you learn one or two?

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THANK YOU FOR VISITING MY BLOG TODAY!!

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