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The whole of the crypto market is bleeding, its like there is a Hiroshima or Nagasaki version 2. Every altcoins is sliding down as the bearish took control of the trend. I knew this day was coming and yesterday i forewarned in my previous article and i was saying i will buy back bitcoin when it hits $34,000.
Which ones are the Safe Havens?
Unlike back in the day when Bitcoin was launched we had no safe havens were we could take cover until the massacre is over. Nowadays we have somewhere we can take shield and if you are with me, i am sure you know exactly what i mean "STABLE COINS". If you check the coin market capitalization you will see that only coins like Tether (USDT), USDC, DAI etc.
People might be wondering why are these coin called stable coins, if you did not know these are not coins to invest in expecting to earn some profit. You wont make even a penny because they are not volatile they are stable in the sense that their value is pegged at certain figure and it always remain constant or move a bit but not much.
So when the crypto market is diving into the see like what is happening now, then its the time for you to take your profit through selling off your positions/altcoins then purchase the stable coins so as to maintain your portfolio balance. The market does not go up and up continuously it move back and forward correcting its moves so take note you need stable coins.
