RE: Diary of a crypto trader (20) - English version

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Diary of a crypto trader (20) - English version

in diary •  7 years ago 

And how do you get out, if can only withdraw limited amount, if a drop is precipitous?

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7 years ago by

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      ·  7 years ago 

    Couple of answers:
    1/ you are smart enough to foresee the end of the bubble and you withdraw before
    2/ you short the BTC in order to cover your portfolio
    3/ you sell your portfolio and buy ripple. Ripple is disconnected from the Bitcoin and Ripple blockchain. So, if there's a crash, Ripple shouldn't be too much impacted. By construction, Ripple should be a stable coin in order to make transfers between banks stable and fast.
    4/ you use tether. This coin has a bad reputation but it's a solution.

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