In this climate it seems a good move to diversify into alts but beware of pump n dumping shitcoins. Go for established ones. My favourite is Dash but I'd be cautious of that too after how much it has risen lately. Same goes for eth (which I don't like personally anyway) To me litecoin looks quite good at the moment, its very established, accepted on lots of exchanges, and price still depressed.
In general I think a healthy market for alts is a good thing and much preferable to using sidechains and such nonsense on the bitcoin blockchain. This is the free market working to help resolve bitcoin scaling problems. I think bitcoin doesn't need to scale but needs to forget being currency for buying coffee, lets alts pick up that role. Bitcoin can be great as the reserve of crypto and a premium settlement layer and store of value for large transactions.
Topic: for the first time ever, i'm hedging part of my long term position with altcoins - page 4. (Read 2753 times)
March 29, 2017, 04:32:00 AM
March 29, 2017, 03:35:44 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.
March 29, 2017, 12:29:28 AM
Now that I have some ether
Don't let the trolls get to you. How much did you get in at? Big buy position or building up slowly?
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
March 29, 2017, 12:25:40 AM
Good lord man, are you getting paid per thread or are you just a special snowflake who needs constant attention?
No one cares.
Good luck buying coffee with your altcoin BTW! Bahahahahahah....
The logic is fucking brilliant. Bitcoin blocks are too full and fees are too high to use it as a daily currency, so I'll sell my bitcoins for an altcoin that no one anywhere accepts (or will ever accept) as a currency.
Hahahahahah... oh lord.
No one cares.
Good luck buying coffee with your altcoin BTW! Bahahahahahah....
The logic is fucking brilliant. Bitcoin blocks are too full and fees are too high to use it as a daily currency, so I'll sell my bitcoins for an altcoin that no one anywhere accepts (or will ever accept) as a currency.
Hahahahahah... oh lord.
You should be happy about this
Now that I have some ether, I'll
likely not care as much about trying
to talk some sense into people
like you that think they're smarter than Satoshi.
March 29, 2017, 12:18:57 AM
At the time, it appeared that BU was gaining serious momentum, but
now we appear to be deadlocked again.
Notice how neither segwit or BU can win the mining war... and that
is exactly what 'they' want.
now we appear to be deadlocked again.
Notice how neither segwit or BU can win the mining war... and that
is exactly what 'they' want.
Where are you watching all of this play out? What's your source for the moves of this dance between BU, seg, and BTC?
And where are your hedges?!
Come on, give us the juicy details!
March 29, 2017, 12:16:01 AM
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.
Yes, never put your eggs in one basket.
But if you want to hedge, i am not so sure about hedging bitcoin losses with altcoins because bitcoin sometimes can go against the general altcoin price trend, but in other times if there is an attack of a critic on cryptocurerncy in general then the altcoin prices can fall as well.
I think that buying some options or simply hedging using fiat is a good idea.
Or you could place bets against long positions, such as buying bitcoin and placing a bet on fairlay which predicts that bitcoin price will fall down to a certain level.
March 29, 2017, 12:05:46 AM
At the same time the demand for bitcoin is increasing and real world applications are more numerous than ever.
This is arguably the worst time to decrease your position. Good chance you're sitting on a profit anyway, why not ride it out?
It is happening. The future will be decentralized. With or without you.
This is arguably the worst time to decrease your position. Good chance you're sitting on a profit anyway, why not ride it out?
It is happening. The future will be decentralized. With or without you.
March 29, 2017, 12:00:43 AM
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.
March 28, 2017, 11:59:18 PM
Good lord man, are you getting paid per thread or are you just a special snowflake who needs constant attention?
No one cares.
Good luck buying coffee with your altcoin BTW! Bahahahahahah....
The logic is fucking brilliant. Bitcoin blocks are too full and fees are too high to use it as a daily currency, so I'll sell my bitcoins for an altcoin that no one anywhere accepts (or will ever accept) as a currency.
Hahahahahah... oh lord.
No one cares.
Good luck buying coffee with your altcoin BTW! Bahahahahahah....
The logic is fucking brilliant. Bitcoin blocks are too full and fees are too high to use it as a daily currency, so I'll sell my bitcoins for an altcoin that no one anywhere accepts (or will ever accept) as a currency.
Hahahahahah... oh lord.
March 28, 2017, 11:52:20 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.
Honestly I feel the same way.
A lot of others are also hedging against a potential bitcoin collapse altogether by protecting their wealth and buying into altcoins such as Ethereum, Dash, and Ripple. Even though am I a strong believer of bitcoin, just like OP, i cannot help but try to be the safest with my funds.
I'll be diversifying probably 30% of all my bitcoins into altcoins.
I hope bitcoin can sort itself out this time round, and end this debate altogether. I don't care which side wins, honestly. As long as we have a working payment processor without the debates.
March 28, 2017, 11:45:10 PM
I hope Bitcoin prevails but I am no longer comfortable keeping all my
eggs in one basket.
But I am afraid you may face your eggs broken in the new basket. The rally of leading altcoins seemed phased just before falling back. So close watching is highly suggested.eggs in one basket.
Today I read another group of people tried for bitcoin ETF and got the same consequences what Winklevokoss faced. I guess some people by "somewhat " will make bitcoin ETF into reality in very near future. I feel just holding bitcoin is more safer for me.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
March 28, 2017, 10:36:39 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.
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