BITCOIN PRICE DROPPING! SOLUTION: BUY ALTCOINS?

in steemitdotcom •  8 years ago  (edited)

I have decided to show 3 latest graphs in this post for you to decide yourself.

  1. BTCUSDT: This shows the statistical representation of Bitcoin against Tether.
    1USDT = Approx. 1USD
    IMG_20170716_115331.jpg

  2. BTCETH: This shows the statistical representation of Ethereum against Bitcoin. The basket of different ICOs

    IMG_20170716_112657.jpg

  3. BTCSC: This shows the statistical representation of Siacoin against Bitcoin. A lot of traders earlier had hope on Siacoin, we can all see where it is now.

    IMG_20170716_112629.jpg

My decision: From the two altcoins and one tether graphs. It can be deduced that in cases like this converting to altcoins doesn't seem to be a wise idea while coverting btc to tether seems to be the best option because bitcoin is a measure of all other Cryptocurrencies therefore a drastic fall in price of bitcoin results in same of altcoins.
The decision of the writer is to covert to USDT and rest.

#Disclaimer: The above analysis is for educational purposes only. You have a right to your own decision.
It wouldn't be bad to drop your thoughts of the current Cryptocurrency market situation and suggested solution in the comment box.

U5dtM9P4efrBhvh2n3QQ5eGJXEHhnpQ.gif

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8 years ago by

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      ·  8 years ago (edited)

    amazing information ,.about cryptocurrency
    upvoted

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        ·  8 years ago 

      Thanks for reading 👍

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          ·  8 years ago 

        Well said.

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          [-]
            ·  8 years ago (edited)

          Thanks for stopping by 👍

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            [-]
              ·  8 years ago 

            Mostly into alt~

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              [-]
                ·  8 years ago 

              meep

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