octoling
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Hey guys!
Have you noticed your crypto wallets in the red lately?
Seeing Bitcoin and Ethereum the two major cryptocurrencies drop is more tilting than a bad streak in Crash 2x lol.
So, what’s the main reason behind this crash?
You don’t even need to check the charts to know that the main cause is how global banks are reacting. The fight against inflation is one of the key reasons we're seeing the crypto market fall. Governments and central banks are raising interest rates to control inflation, which makes holding cash or bonds more attractive. Big investors are saying, "i'm not going to lose my money with these risky cryptos," so they pull their funds out of these volatile assets and move them into safer places. This creates a liquidity drain from the crypto market, forcing prices to drop drastically.
As a result, we're seeing mass panic in the crypto community. The worst part is that when Bitcoin, the mother of all cryptocurrencies crashes, it drags down all the altcoins with it. It’s like a domino effect on all the other cryptos we use, especially the ones here on Windice.
As you already know, Windice supports several cryptocurrencies like Bitcoin (the most popular and expensive crypto in history), Ethereum (next in line), Litecoin, Dogecoin, Bitcoin Cash, Ripple, Binance Coin, Tron, Tether, and Toncoin.
But as you know, Bitcoin is the leader. So, for example, if Bitcoin drops by 5% as we've seen lately, altcoins like LTC, DOGE, TRX, etc., can fall by 7%, 10%, or even more in the same period. This means their losses are amplified.
This creates a problem or limitation for us players. If we keep these volatile altcoins in our bankroll, we're losing money without even placing bets.
Tips to protect your money or bankroll on Windice:
For most of us players, the main priority is simple: protect the value of what we earn in the casino.
Exchange inside Windice:
Luckily, Windice accepts Tether (USDT) on its platform. For those who don’t know, Tether is a stablecoin, meaning it will always be worth 1 USD.
The strategy here is: whenever you win or finish playing, convert your extra funds or winnings into USDT right away. This way, the value of your money stays secure while you wait for the Bitcoin dump to pass.
Don’t hold volatile altcoins:
If you use cryptocurrencies like Doge or LTC to bet, don’t leave your earnings in those coins "long term" on the platform. The volatility is just too high during these panic moments.
Offers and buying:
For many, a bearish or red market is very attractive because you can buy more crypto at better prices. But if you're afraid the price will keep falling, the recommendation is: don’t put all your capital into a single cryptocurrency. It’s the same as in the casino, don’t go all in. It’s better to split your capital into smaller amounts. For example, $5 or the equivalent in Bitcoin each week. If the price continues to drop, your average buying price will be lower, minimizing the risk.
Emergency safe havens:
If the panic is too intense and you don’t have time to convert your altcoin into Tether (USDT), the next best move is to convert it into Bitcoin or Ethereum. Why? because BTC and ETH usually drop less than altcoins, you can check this for yourselves. Think of this as an emergency lifeline to slow down the losses, buying time until you can move into the final safe haven, which is USDT.
Heads up! (This is still risky.) All of these cryptos are volatile, but some are more volatile than others.
Now, i'd like to know, which of these strategies are you using on Windice to protect your bankroll? I'd love to read your comments in the section below.
PD: These tips are not investment advice; this is purely informational. Everyone is responsible for managing their own funds.
Have you noticed your crypto wallets in the red lately?
Seeing Bitcoin and Ethereum the two major cryptocurrencies drop is more tilting than a bad streak in Crash 2x lol.
So, what’s the main reason behind this crash?
You don’t even need to check the charts to know that the main cause is how global banks are reacting. The fight against inflation is one of the key reasons we're seeing the crypto market fall. Governments and central banks are raising interest rates to control inflation, which makes holding cash or bonds more attractive. Big investors are saying, "i'm not going to lose my money with these risky cryptos," so they pull their funds out of these volatile assets and move them into safer places. This creates a liquidity drain from the crypto market, forcing prices to drop drastically.
As a result, we're seeing mass panic in the crypto community. The worst part is that when Bitcoin, the mother of all cryptocurrencies crashes, it drags down all the altcoins with it. It’s like a domino effect on all the other cryptos we use, especially the ones here on Windice.
As you already know, Windice supports several cryptocurrencies like Bitcoin (the most popular and expensive crypto in history), Ethereum (next in line), Litecoin, Dogecoin, Bitcoin Cash, Ripple, Binance Coin, Tron, Tether, and Toncoin.
But as you know, Bitcoin is the leader. So, for example, if Bitcoin drops by 5% as we've seen lately, altcoins like LTC, DOGE, TRX, etc., can fall by 7%, 10%, or even more in the same period. This means their losses are amplified.
This creates a problem or limitation for us players. If we keep these volatile altcoins in our bankroll, we're losing money without even placing bets.
Tips to protect your money or bankroll on Windice:
For most of us players, the main priority is simple: protect the value of what we earn in the casino.
Exchange inside Windice:
Luckily, Windice accepts Tether (USDT) on its platform. For those who don’t know, Tether is a stablecoin, meaning it will always be worth 1 USD.
The strategy here is: whenever you win or finish playing, convert your extra funds or winnings into USDT right away. This way, the value of your money stays secure while you wait for the Bitcoin dump to pass.
Don’t hold volatile altcoins:
If you use cryptocurrencies like Doge or LTC to bet, don’t leave your earnings in those coins "long term" on the platform. The volatility is just too high during these panic moments.
Offers and buying:
For many, a bearish or red market is very attractive because you can buy more crypto at better prices. But if you're afraid the price will keep falling, the recommendation is: don’t put all your capital into a single cryptocurrency. It’s the same as in the casino, don’t go all in. It’s better to split your capital into smaller amounts. For example, $5 or the equivalent in Bitcoin each week. If the price continues to drop, your average buying price will be lower, minimizing the risk.
Emergency safe havens:
If the panic is too intense and you don’t have time to convert your altcoin into Tether (USDT), the next best move is to convert it into Bitcoin or Ethereum. Why? because BTC and ETH usually drop less than altcoins, you can check this for yourselves. Think of this as an emergency lifeline to slow down the losses, buying time until you can move into the final safe haven, which is USDT.
Heads up! (This is still risky.) All of these cryptos are volatile, but some are more volatile than others.
Now, i'd like to know, which of these strategies are you using on Windice to protect your bankroll? I'd love to read your comments in the section below.
PD: These tips are not investment advice; this is purely informational. Everyone is responsible for managing their own funds.
