Why everything exchanges to bitcoin? Can you keep your money in Ethereum?
Automatic exchange is convenient because it hedges your economic risks. This is how any algorithmic trading from a volatile coin to a stable coin works.
Kryptex mines altcoins and they are less stable than bitcoin. They have more volatility. It's not an opinion. It's an objective, measurable economic parameter. So by exchanging it instantly for bitcoin, Kryptex protects you from sharp drops in Ethereum, Monero, Ravencoin, etc.
Kryptex mines altcoins and they are less stable than bitcoin
Simply put, imagine the situation. You decide to save a third of your dollars salary in euros. You can do it in two ways:
1. Trying to guess when the exchange rate will go up and when it will go down.
Buy at a low exchange rate, sell at a high one. Does that sound good? Yes, but in reality, it doesn't work.
➕ It's a way to make a short-term profit if you're lucky.
➖ But smart economics books say that, at best over a long time, there will be no result at all.
➖ At worst, you will lose half on spread, commissions, and forecasting errors. The future is impossible to predict.
Trading on the exchange is like a casino — there is a chance to win, but generally it is a casino, which collects all the profit
2. You do not try to guess anything and exchange dollars for euros using a bot every day.
Or even better, every hour or even every minute, as we do.
➖ Yes, it's impossible to get a short-term benefit that way. But as we found out, it is statistically impossible in the long run anyway.
➕ You are protected from losses on the spread.
➕ You are protected from dollar volatility.
Protection against volatility and no risk.
Exchange dollars for altcoins and dollars for bitcoins, and you get Kryptex.
Kryptex is not an exchanger. Kryptex is a stable, secure cash flow.
Both methods are practical, but one is high-risk and without guarantees, and the other is secure and unshakable. We choose the second one for you.