The fall of bitcoin:
Bitcoin has just dropped lower than $2000 for the first time for several weeks causig a drop off of $1100 dollars after hitting $3000 on the 11th June. This means that in just over a month, bitcoin has fell by 37%. This is still, however, 55% higher than the start of the year in January.
What im doing:
This is simply what I have done but it may not be the best tactic for you, please do you own due dilligence before making rash decisions.
To protect the value of my crypto, I have turned all of my currency to USDT using Eobot and stored it in the wallet. I have also switched all of my eobot GH/s to mine usd and gold as they keep their worth. Im still going to use bitcoin but only as a coin to transfer and not to hold. Most of the Crypto market is also downtrending as well at the moment however I am investing some coins into potential coins which are looking good but this is not as much as I usually would.
Dont panic:
The worst thing you can do is panic. Think! Bitcoin could and should rise up again soon so completely cashing out is irrational. Remember, that the worth of bitcoin depends on the amount that its being used and so if everyone completely Cashes out, then bitcoin is worthless.
Eobot:
My other piece of advice is to join eobot. This is a cloud mining site but the positives of it is that you can quickly swap from currency to currency within seconds. It also acts as a wallet for tens of currency's. This is useful as you can cash out fast and also switch what you are mining to many different currency's, including gold, this is safer as you are not locked to one currency which could fail.
Ps:
Finally returned to steemit !!!
Im not a professional but I believe that this is a decent option.
Rememiner to upvote and comment !!!!
