Actually I put part of my crypto in NuBits which is dollar pegged so I'm letting the bottom follow out from under me and then I will buy back in at lower prices. Only a fraction of my holdings is in that because there is still risk in it as well.
It is funny because I made a video on Nov, 30th talking about NuBits, USDT, STEEM Backed Dollars, and BitUSD. No one really cared about the video at the time because everything was going up but I knew a big sell off was likely at some point. But I even have been ravaged by this downturn because it has been so severe.
Three days ago I resynced my NuBits wallet and moved some of my assets over there. The first day I was feeling like I fucked up because prices were back up. I stuck with my decision and now stuff is way down.
https://steemit.com/bitcoin/@brianphobos/what-i-m-doing-to-mitigate-my-downside-risk-nubits<h2>Personally I don't feel like Bitcoin can stay under $5,000 for any length of time. So if we get to that level I feel like big money will pore in. It is hard to tell for sure though.</h2>
My plan is to run my SmartCash SmartNode like I was going to originally, keep blogging hard and taking the SBD and converting to NuBits for now stacking those up, then when the dust settles I will start stacking up some of my other holdings to take larger positions so that when we come out of this I will be even stronger.
Earn $10 Of Free Bitcoin From Brian Phobos!
Thank you for reading my post and please consider following me @brianphobos
The h2 part isn't coming out as expected.
Anyway, next weekend is Chinese New Year week and there's theory that after that things will look better but the stock been down quite lot.
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Yeah the stock market has been crashing as well which is strange. Hopefully real estate doesn't suddenly crash as well.
That is an interesting theory about the Chinese New Year week. I think I'm going to convert more of my money into NuBits to ride out the rest of the week. Then I will look to buy back in. I'm not sure how this will all pan out for us except I feel like we will be fine with our STEEM Power
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I don't know how it goes too. Just enjoy the ride meanwhile and wait for things to improve.
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Sub $100 Litecoin I will add and sub $3.5k Bitcoin I will add again. I've bought since 2012. People can do whatever they want. Hopefully all the Scam ICOs and Shitcoins die in this selloff.
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I lot of garbage will get washed out for sure. You are very smart for being disciplined with your purchases!
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Pop 😂😂
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pop , Pop, POP!!!!!
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I think we shouldn't make quick decisions. The buyers waited bitcoin fall down to 5000$, and they get what they wanted. Now it is time to buy. Because it will make a big up in a couple of days. Please dont loose hope, start buy bitcoin little by little if you have some money to invest.
Thanks @brianphobos for sharing,
@racoo
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I haven't lost hope but I'm not sure when it will bounce back. A lot of people are running around scared.
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What does Nubits have over SBD?
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Nubits has effectively kept the $1 peg where as STEEM Dollars has not.
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Ya I noticed that also when I checked on the market on steemit. So why does it breakout to the dollar peg?
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https://nubits.com/faq
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Thank you for sharing with us. this is a sad situation :( @brianphobos
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This post is very interesting friends, friends upvote my post @dedikurniawan
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This post is very interesting friends
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This is good news for bitcoin.
I loving this crash. Sue me! It getting rid of all the bitconnect type shits. It getting rid of the quick richers and the perfect time for the herders who know nothing about crypto to leave. Ripple=crypto don't make me laugh.
Verge= privacy? Hah please tell me your kidding oh wait nope!
And this perfect time for bitcoin to develop their own eth platform Rsk.co
https://steemit.com/bitcoin/@sames/bitcoin-s-ethereum-killer-rsk-co
And now bitcoin can scale with the LN. Core can finally work on other scaling soltions without increasing block size: https://steemit.com/bitcoin/@sames/bitcoin-newest-scaling-method-adding-bech32-plus-others
And make bitcoin private: https://steemit.com/privacy/@sames/making-bitcoin-have-fungibility-privacy-again
This crash is good for tech to develop and pumps won't happen over stupid coins .
Not to mention those sweet cheap cryptos
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So now developers and users of cryptocurrencies can now focus on the technology rather than the "getting rich fast mindset". Right?
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yep
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