There is no reason why you should lose the value of your cryptocurrency just because a few crazy traders on Coinbase and on other places are always swapping back and forth between crypto and fiat. It becomes really annoying that coins go up in value and then crash 20-30% relative to the USD.
You should be able to lock in your value at the top in USD, and then after the price crashed convert back into the crypto in question and retain the original purchasing power of your cryptocurrency while gaining back more units of it at the bottom price, from where it can go up again. Technically simulating a short position, but without the risks of it since it will be a direct trade not a CFD.
Now this can be done easily with SBD. Yep, with SBD, the value of any cryptocurrency can be locked in at the top, and then swapping it back into the crypto after it crashed, retaining almost all of the purchasing power, and not have to rely on centralized exchanges like Coinbase.
Remember this is not trading or investment advice, this is just what I think people should do in my opinion.
I think this works best for BTC and ETH right now, since I think the BTC and ETH market is about to crash. I can see ETH at 200$ easily within the next weeks. They are too overvalued right now in my opinion so a crash here relative to the USD is imminent in my opinion. I don't think other currencies are overvalued though, for example I think Steem and others will hold their value roughly.
1) Swap BTC or ETH into STEEM:
2) Swap the STEEM into SBD at the internal market:
3) Wait for BTC or ETH to crash to a local minimum price (I believe @ 200$ for ETH and 3000$ for BTC)
4) Swap the SBD into STEEM at the internal market:
5) Swap back the STEEM into BTC or ETH
6) Profit! (You should have the same purchasing power, but more BTC or ETH coins in the end, which will be worth even more after a possible future price rally)
Disclaimer: The information provided on this page or blog post might be incorrect, inaccurate or incomplete. I am not responsible if you lose money or other valuables using the information on this page or blog post! This page or blog post is not an investment advice, just my opinion and analysis for educational or entertainment purposes.
Sources:
https://pixabay.com
