Topic: for the first time ever, i'm hedging part of my long term position with altcoins - page 3. (Read 2753 times)
March 29, 2017, 12:53:59 PM
Ok, dash and ltc seem like a good hedge if you don't wanna lose money. But then you could just buy UDST with it. I do recommend you to read about ethereum's short term development. With privacy, scaling and smart contracts it will become an all in one project.
legendary
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March 29, 2017, 12:43:58 PM
@jonald_fyookball getting out of bitcoin is a good move, i personally wouldn't risk at all (unless it would be a very small amount). But many investors didn't look past bitcoin and they became maximalists, so they'll end up with #diedHolding meme on their tombstone.
Out of curiosity, where did you diversify your money ?
Out of curiosity, where did you diversify your money ?
I bought ether, dash, and litecoin. yes, none of them is perfect, they all have their issues.
would have bought some monero too but too much of a pain with the way their wallet structure currently is.
March 29, 2017, 12:25:33 PM
@jonald_fyookball getting out of bitcoin is a good move, i personally wouldn't risk at all (unless it would be a very small amount). But many investors didn't look past bitcoin and they became maximalists, so they'll end up with #diedHolding meme on their tombstone.
Out of curiosity, where did you diversify your money ?
Out of curiosity, where did you diversify your money ?
March 29, 2017, 12:13:31 PM
I wrote a post 2 weeks 'why i'm not selling my coins'.
At the time, it appeared that BU was gaining serious momentum, but
now we appear to be deadlocked again. I'm not going to get too political
about this, but to make a long story short, stalement = blockstream/core
getting its way = little to zero on chain scaling in the forseeable future.
And what appears to be happening is that Bitcoin is being subverted,
not just by Blockstream but by outside actors who are employing a
sophisticated divide and conquer scheme.
Notice how neither segwit or BU can win the mining war... and that
is exactly what 'they' want.
I hope Bitcoin prevails but I am no longer comfortable keeping all my
eggs in one basket.
At the time, it appeared that BU was gaining serious momentum, but
now we appear to be deadlocked again. I'm not going to get too political
about this, but to make a long story short, stalement = blockstream/core
getting its way = little to zero on chain scaling in the forseeable future.
And what appears to be happening is that Bitcoin is being subverted,
not just by Blockstream but by outside actors who are employing a
sophisticated divide and conquer scheme.
Notice how neither segwit or BU can win the mining war... and that
is exactly what 'they' want.
I hope Bitcoin prevails but I am no longer comfortable keeping all my
eggs in one basket.
Diversification is very important when it comes to investments and I am happy that you have decided to go for it. It will prove to be a wise decision in future.I myself have diversified my bitcoins into 30 to 40 altcoins (both established and new altcoins included). I am still holding 25% of my total crypto portfolio in bitcoin.
March 29, 2017, 12:05:18 PM
That's what usdt is for. Anyone buying doge with the expectation of preserving their dollar value is a freaking maniac.
March 29, 2017, 12:03:11 PM
Don't know what you invested in, but I definitely think altcoins are way more risky than bitcoin will ever be. And I don't think that fits the definition of "hedging" either. Diversification, maybe. Hedging I don't see.
Some alts like Doge and Litecoin stayed absolutely steady in dollar terms, even as the bitcoin pump happened from November onwards. Which meant that if you used bitcoin to buy either doge or ltc in Jan, you would have locked in bitcoin's dollar value at that point.
March 29, 2017, 10:46:01 AM
based on my experience anybody who stays in altcoins for too long is a fool, no offense but history has proven that altcoins aren't really something to think of as long term investment.
and on top of that all the facts about them points toward it being a bad idea. facts such as all the bugs and problems, small and fundamental, they have. facts like the manipulations, the scam ICOs and the premines and massive premines. you can't just close your eyes on all of them and make wish to have a successful investment!
that would be childish and the dog eat dog trading market is no place for such behavior.
and on top of that all the facts about them points toward it being a bad idea. facts such as all the bugs and problems, small and fundamental, they have. facts like the manipulations, the scam ICOs and the premines and massive premines. you can't just close your eyes on all of them and make wish to have a successful investment!
that would be childish and the dog eat dog trading market is no place for such behavior.
March 29, 2017, 10:30:31 AM
I'm paying to remove risk.
Either Bitcoin overcomes the growing pains and goes to the moon,
in which case i'll be a happy camper... or it doesn't, in which case
another coin will take over and I'll be an early adopter on that one.
Either way I win.
Either Bitcoin overcomes the growing pains and goes to the moon,
in which case i'll be a happy camper... or it doesn't, in which case
another coin will take over and I'll be an early adopter on that one.
Either way I win.
Why not employ a bunch of haitians and buy a hotdog stand instead? That's a real diversification.
March 29, 2017, 10:29:37 AM
Right now? Good luck with buying high and trying to sell higher.
March 29, 2017, 10:24:27 AM
I'm paying to remove risk.
Either Bitcoin overcomes the growing pains and goes to the moon,
in which case i'll be a happy camper... or it doesn't, in which case
another coin will take over and I'll be an early adopter on that one.
Either way I win.
Either Bitcoin overcomes the growing pains and goes to the moon,
in which case i'll be a happy camper... or it doesn't, in which case
another coin will take over and I'll be an early adopter on that one.
Either way I win.
Who panics first panics best. Would be a mess when SegWit wouldnt be activated, this destroys the roadmap and so bitcoin's future. This results in a Titanic scenario. I am just waiting to see how this all ends. Moon or 0.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
March 29, 2017, 10:16:12 AM
I'm paying to remove risk.
Either Bitcoin overcomes the growing pains and goes to the moon,
in which case i'll be a happy camper... or it doesn't, in which case
another coin will take over and I'll be an early adopter on that one.
Either way I win.
Either Bitcoin overcomes the growing pains and goes to the moon,
in which case i'll be a happy camper... or it doesn't, in which case
another coin will take over and I'll be an early adopter on that one.
Either way I win.
March 29, 2017, 10:08:14 AM
If you just wanted to make $$$ short term, the time to have bought in Altlandia was last year. When no one wanted it or cared.
If you are getting onboard now 'cause hype and "dur hur alts winning, Bitcoin failing dur hur", we'll I'm afraid you're going to be disappointed.
Short term perception <> long term reality.
I'll just leave this here:
http://altcoinobituaries.com/
If you are getting onboard now 'cause hype and "dur hur alts winning, Bitcoin failing dur hur", we'll I'm afraid you're going to be disappointed.
Short term perception <> long term reality.
I'll just leave this here:
http://altcoinobituaries.com/
This site is just brutal. But 80% off all the altcoins will end up like this. Still a shame of litecoin. I liked the coin.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
March 29, 2017, 10:02:11 AM
Jonald_Fyookball has been warned many times, even after making walls of text how great BU is this noob finally realize that BU is a scam afterall.. 
Jonald is an active r/btc memeber, all those noobs leaving there sinking ship for....ETH...LOL and they bought at the top
Jonald is an active r/btc memeber, all those noobs leaving there sinking ship for....ETH...LOL and they bought at the top
sigh...no its blockstream that is the scam. BU just wants to fix their mess. believe whatever you want though
March 29, 2017, 08:37:06 AM
Jonald_Fyookball has been warned many times, even after making walls of text how great BU is this noob finally realize that BU is a scam afterall..
Jonald is an active r/btc memeber, all those noobs leaving there sinking ship for....ETH...LOL and they bought at the top
Jonald is an active r/btc memeber, all those noobs leaving there sinking ship for....ETH...LOL and they bought at the top
March 29, 2017, 08:12:09 AM
If you just wanted to make $$$ short term, the time to have bought in Altlandia was last year. When no one wanted it or cared.
If you are getting onboard now 'cause hype and "dur hur alts winning, Bitcoin failing dur hur", we'll I'm afraid you're going to be disappointed.
Short term perception <> long term reality.
I'll just leave this here:
http://altcoinobituaries.com/
If you are getting onboard now 'cause hype and "dur hur alts winning, Bitcoin failing dur hur", we'll I'm afraid you're going to be disappointed.
Short term perception <> long term reality.
I'll just leave this here:
http://altcoinobituaries.com/
March 29, 2017, 08:08:06 AM
Very shitty idea. You can't trust altcoins. Nobody can. Most of them turned out to be scam, and it won't change in time. Investing in altcoins is no different than playing dice.
If you are going to hedge yourself, hedge in FIAT or Gold at least. The term "hedge" is being used for protection/precaution. Investing in altcoins is not a protection, it's a higher risk.
If you want to protect yourself from the risks of bitcoin, you hedge yourself by investing in safe assets. Not pump&dump scamcoins.
If you are going to hedge yourself, hedge in FIAT or Gold at least. The term "hedge" is being used for protection/precaution. Investing in altcoins is not a protection, it's a higher risk.
If you want to protect yourself from the risks of bitcoin, you hedge yourself by investing in safe assets. Not pump&dump scamcoins.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
March 29, 2017, 08:02:44 AM
I hope Bitcoin prevails but I am no longer comfortable keeping all my
eggs in one basket.
eggs in one basket.
This is a very good call, just your timing is pretty bad.
Watch closely the market movement, some alts were pumped while there was the "fork uncertainty" and now a dump may happen. Make sure you don't buy right before a dump
I understand the timing is bad from a TA standpoint with the alts being expensive, but since BTC still $1000, makes sense for me. If alts are dumped because certainty resumes with BTC, i'll only lose a little on the hedge but gain on BTC.
March 29, 2017, 06:36:44 AM
I hope Bitcoin prevails but I am no longer comfortable keeping all my
eggs in one basket.
eggs in one basket.
This is a very good call, just your timing is pretty bad.
Watch closely the market movement, some alts were pumped while there was the "fork uncertainty" and now a dump may happen. Make sure you don't buy right before a dump
March 29, 2017, 06:29:20 AM
Alts ain't for hedging as far as I'm concerned. They're for gambling.
If you're looking to diversify your retirement fund you don't walk into a casino and throw everything down.
If you're looking to diversify your retirement fund you don't walk into a casino and throw everything down.
Exactly. Altcoins are pump and dump. A casino. You see the rises, +300 +500 +3000% and think wow, bitcoins is going down, civil war BU Core bad for price.
And think, I want in on that action.
You are too late, you will be scammed.
All the rises that took place happened a few days ago. You missed it. Entering now is far, far more dangerous than it was last week.
The smart money at that casino has already taken their chips off the table.
That is profits in.. what? *Drumroll* --- BITCOIN.
And that is the only reason anyone trades alts. To (hopefully) increase the number of bitcoin they have.
If you want to do this, its a good idea to get in before the pump has started. Not when it is finished or nearly finished.
All that happens next is the price drops down on these coins. Especially the thinly traded ones.
Just a word of warning.
Each to their own, but for me trading alts has been a very good move. You do need to know what you are doing though.
edit: I'll qualify it a bit, its not so much trading in my case. Rather I'd describe it as researching first. Find some crypto(s) with fundamentals you believe in and are willing to hold long term. Make sure you are able to hold them securely off the exchange so you are protected in event of govt intervention, hack or whatever and also less tempted to trade badly. Wait for a good price point to start accumulating, ie don't buy when it is rising 100's of % instead wait until after a fall daily MACD looks to be turning back up. Wait patiently. When it starts looking overbought, take some profits (add to another coin, maybe bitcoin or another).
March 29, 2017, 04:45:06 AM
Alts ain't for hedging as far as I'm concerned. They're for gambling.
If you're looking to diversify your retirement fund you don't walk into a casino and throw everything down.
If you're looking to diversify your retirement fund you don't walk into a casino and throw everything down.
Exactly. Altcoins are pump and dump. A casino. You see the rises, +300 +500 +3000% and think wow, bitcoins is going down, civil war BU Core bad for price.
And think, I want in on that action.
You are too late, you will be scammed.
All the rises that took place happened a few days ago. You missed it. Entering now is far, far more dangerous than it was last week.
The smart money at that casino has already taken their chips off the table.
That is profits in.. what? *Drumroll* --- BITCOIN.
And that is the only reason anyone trades alts. To (hopefully) increase the number of bitcoin they have.
If you want to do this, its a good idea to get in before the pump has started. Not when it is finished or nearly finished.
All that happens next is the price drops down on these coins. Especially the thinly traded ones.
Just a word of warning.
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