Best Safe Haven in a Crash

in #bitcoin7 years ago (edited)

crash.gif

To be honest I am a little nervous in writing this article because I am a Newbie and don't want to miss represent anything. I have been struggling to put my tokens in a safe place during crashes. There are many coins to choose from but most are extremely volatile and do not provide a safe haven. The only stable currency that is offered on the exchange is USDT but I couldn’t figure out how to change my coins into USDT.

Well the solution is very simple. All you have to do is sell your Bitcoin on the USDT exchange and that changes your coin into USDT. Any coin that you sell on the USDT exchange will be “exchanged” into USDT. If you have a coin that is in the Bitcoin exchange and is not traded in the USDT exchange, you must sell coin ”X” so it is exchanged into Bitcoin and then it can be traded on the USDT.

In my opinion this is the best way to protect during a crash. I hope this helps someone :)

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