Recent reports suggest that almost 20% of Argentines hold some form of cryptocurrency. This makes Argentina the leading country in Latin America in terms of adoption, with some 8.6 million Argentines holding or using at least one digital asset. This raises the question of what they can do to avoid the volatility that cryptos are known for. Stablecoins and low-volatility slots are two important factors we need to look at.
What Creates Volatility in the Cryptocurrency World?
To start with, we need to understand why cryptocurrencies are regarded as volatile assets. The prices of these tokens generally vary widely as they’re based on market sentiment more than anything else. Stock prices are based on factors such as earnings reports, while commodities like gold and silver are ruled by the eternal law of supply and demand.
On the other hand, cryptos can have huge swings due to unconfirmed reports that spread fear or cause euphoria. Bitcoin (BTC) is the largest coin, and is starting to lose some of its famous volatility, according to some analysts. Yet, it remains far more prone to wild swings than traditional assets.
It’s important to remember that the level of volatility isn’t some sort of glitch or short-term effect. It’s a built-in part of the crypto world. While volatility in a token can decrease as its market cap rises, it’s never going to go away. New investment vehicles like futures contracts and exchange-traded funds (ETFs) are among the factors credited with helping to lower BTC volatility.
Playing Slots Without Volatility
In the past, spending BTC and other cryptos was difficult. Thankfully, there are now various ways of doing this that help us to avoid the volatility aspect. Peer-to-peer platforms, such as Binance and Bybit, let Argentines swap their digital assets directly into pesos that get paid into their local bank accounts or through options like Mercado Pago. This allows them to benefit from exchange rate swings by timing their transactions well.
If you prefer to spend your cryptos while enjoying online entertainment, this is another approach that can be carried out with lower volatility by using stablecoins. In terms of crypto gambling, low volatility slots offer a way of playing games that tend to pay out smaller amounts more regularly. Titles include Wynloch Keep, 8 Golden Dragons, and Animal Wilds. These games provide a steadier experience, without the sharp peaks and troughs of a high-volatility slot. Many people prefer them because they generally have low minimum stakes and more frequent payouts, thanks to their low volatility nature.
On the other hand, if you want to play casino games with more volatility, you could use a more volatile token like Litecoin (LTC) and choose a jackpot slot, as they tend to pay larger amounts, although less frequently. High-volatility slots have bigger top prizes and may include more bonus features, such as free spins, too.
Other low-volatility casino games include baccarat and blackjack. If you play roulette, the volatility is low when you choose even-money wagers like red or black. In roulette, the single number or straight-up bet is the best-paying but also the least likely to come up. Side bets add more volatility to many card games, but aren’t always available.
This post on X shows how different people have unique preferences, as it asks players whether they would prefer an instant 500x win or a bonus that keeps paying out slowly but endlessly.
Stick to Stablecoins?
With Argentina currently ranked third globally in terms of attractiveness for hiring remote talent, a large number of locals now have the option of being paid in a currency other than pesos. This opens up interesting new possibilities, but how can remote workers choose a crypto that retains its value well, month after month?
Stablecoins are becoming an increasingly big player in the digital asset industry, as they fill a gap in the market for cryptocurrencies with no volatility. They’re based on a real-world asset and are pegged to its value, with the US dollar most commonly used.
Tokens like Tether (USDT) and USD Coin (USDC) are the best-known, but we can also find stablecoins based on gold, Euros, and other assets. There have been attempts to introduce peso-based stablecoins, although this raises the question of whether this is a good idea if avoiding peso devaluation is one of the reasons for holding cryptos in the first place.
Some remote workers like to use the hybrid payment strategy known as the 70/30 rule. This means keeping 70% of their income in stablecoins as long-term savings. By doing this, they can also obtain extra coins through staking, giving a modest APR that helps build up their savings with no risk of price swings.
The remaining 30% gets used for spending online or converted to pesos for immediate and short-term living expenses, typically using the P2P method that we looked at earlier. It’s an approach that can be adapted to each person’s situation by adjusting the percentage in each of the categories.
These strategies have proved to be successful for many Argentines looking to hold cryptocurrencies without the uncertainties that arise from volatility. The number of tokens available is increasing constantly, so it’s a good idea to remain aware of what’s happening in the market when deciding what approach suits you best.