Every Bitcoin holder experienced it: Bitcoin Price crashing, and your Net Value with it.
If your spider-senses tingle before a crash, there are two very reasonable actions to protect your Net Value in case of downtrend.
Gold
Vaultoro is the service of my choice.
You trade exclusively Bitcoin and Gold there.
Pros:
- Instant functionality - send BTC to your Address and it's converted to Gold automatically.
- Reasonable fees
- Backed by real and redeemable Gold
- Audits are as transparent as possible
Cons:
- Centralized
- Requires KYC
► Click Here to Start Hedging BTC <> Gold
bitUSD
or HERO for long term savers
bitUSD is dwelling on BitShares Decentralized Exchange. It's pegged to the value of real US Dollar.
Click Here to open a free BitShares Account
Pros:
- Decentralized
- Incorruptible
- Fast (3 second transfers)
- Secured by at least 2x worth of underlying Asset BitShares
- Pegged to Dollar value
- Instant buy via Blocktrades.us
Cons:
- More complicated
- Fees are a bit more expensive
► Click Here to get Started and hedge BTC <> bitUSD