Investing... Am not getting this point yet

B

BludVist

Newbie

Nov 13, 2015

39

2

• Feb 7, 2018

• #1

Lets say i wanna invest in RIPPLE. I dont have a way to instant buy coin or use credit card to fund instantly. I collect coins from exchangers slowly. How can i deposit coins without losing its value??


lets say i have now 300USD ETH but now i dont wanna buy anything as price falling. My money also goes down as ETH value is also going down like others.

I wanna hold the money without losing its value. I will invest when i want.


Is there any way to do that??

 

LordCameltoe

Power Member

Mar 2, 2011

698

466

• Feb 7, 2018

• #2

Set stop losses.

Its basically a mechanism that says: If your coin goes under X value, sell it immediately at Y price. Its your best tool to protect yourself against price crashes.

 

B

BludVist

Newbie

Nov 13, 2015

39

2

• Feb 7, 2018
• Thread Starter Thread Starter

• #3

should i convert into USDT? and USDT price is fixed so i can use that fund anytime i want?

 

virtualpurity

Elite Member

Jr. VIP

Nov 12, 2012

1,563

893

• Feb 7, 2018

• #4

BludVist said:

should i convert into USDT? and USDT price is fixed so i can use that fund anytime i want?

Click to expand...

Thats why USDT is used the most. They claim that its backed by 1$ for every USDT.
There is a lot of controversy about Tether,suggest you to read around.

 

10zen

Power Member

Feb 26, 2010

777

368

• Feb 7, 2018

• #5

Yep, do it. At least to me that's its only purpose or
usefulness. It's not going anywhere or disappear.

People will simply keep using it for this very same reason.

 

LordCameltoe

Power Member

Mar 2, 2011

698

466

• Feb 7, 2018

• #6

In theory, you could do that with USDT. However, lots of people are predicting it will crash. So be careful. Do your own research.

Personally, I'm a long-term holder. I trade in and out of BTC or ETH.

 

Fakehani

Newbie

Feb 5, 2018

9

0

• Feb 7, 2018

• #7

the only solution is to exchange to USDT, when you want to invest you just exchange to any coins you want!

 

AlanWatts33

Power Member

Nov 27, 2016

573

266

• Feb 7, 2018

• #8

USDT isnt widely available as a pairing, so expect some trading fees to add up quickly. Also I have heard withdrawing is no fun, but you could just trade it to ether and cash out I guess.

 

B

BludVist

Newbie

Nov 13, 2015

39

2

• Feb 8, 2018
• Thread Starter Thread Starter

• #9

Thank you for so many useful replies. I got my answer.