If Bitcoin is entering a major correction and you are not a leveraged trader what do you do? You do not short because it is not your style, too complex or simply not appealing, yet you want to protect your value, your Bitcoins... What to do?
One way people protect their Bitcoins when there is a major correction is by trading ALTSBTC. You can increase your number of BTCs while Bitcoin goes down. When Bitcoin hits bottom, establishes a support level, sell the Altcoins and go back into Bitcoin.
This is how some people do it but it requires planning, experience and the rest; This is not financial advice.
Here we have Gains Network vs Bitcoin (GNSBTC).
The same day these pairs hit bottom, this same day Bitcoin topped. ➖ When Bitcoin was going up, these were going down. ➖ When Bitcoin goes down, these will go up.
This will only happen because we are in a bullish phase after massive growth. If we were looking at a bear-market, when Bitcoin drops everything drops.
GNSBTC is ready to move ahead. Just 100% can double your stack, imagine those that grow 1,000% (11X).
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.