Topic: Hedge, Hodl or Sell Bitcoins? (Read 1223 times)
Just do what makes you think right. In the end of the day it's all your decision to do it. Better analyze and do some research. Well as for me, I'll do only those two. I'll take the risk and after all its my responsible.
I have two choice for this upcoming segwit.
First
I decided to sell some of my bitcoins for fiat, just to make sure that whatever will happen I've got enough already.
Next,
As usual it's always a need for us to hold bitcoin.
First
- Sell bitcoin for Fiat?
I decided to sell some of my bitcoins for fiat, just to make sure that whatever will happen I've got enough already.
Next,
- Hodl bitcoin?
As usual it's always a need for us to hold bitcoin.
Purchase when other individuals freeze and to Hold until the point that the tempest has passed. There will be a great deal of instability in the coming weeks and many individuals will frenzy and offer their coins and this will surge the business sectors with less expensive coins. Once the winds have quieted down and a great many people understand that it was not as awful as everybody was considering, at that point, it would be past the point where it is possible to purchase shoddy coins
If you believe in bitcoin and think the upgrade will go smoothly, hold or buy more. If you don't, sell and wait. I wouldn't turn to altcoins if I were negative about bitcoin, because it shapes the whole crypto market. If anything goes wrong and it crashes, altcoins will follow, at least for a while, which will give you time to decide.
You may go for Ethereum bro but I don't see Bitcoin dumping. If it does, it will rise back up quickly.
Ethereum will most likely trade above 400 with that period.
Ethereum will most likely trade above 400 with that period.
Isnt there all that controversy with Ethereum and ICO's at the moment?
You may go for Ethereum bro but I don't see Bitcoin dumping. If it does, it will rise back up quickly.
Ethereum will most likely trade above 400 with that period.
Ethereum will most likely trade above 400 with that period.
I think hedging with FIAT throughout July/August is not bad, it is probably the least volatile decision.
With the upcoming segwit drama events that can possibly split bitcoin shall I:
- Hedge bitcoin against Altcoins? If so which altcoins shall I choose?
- Hodl bitcoin?
- Sell bitcoin for Fiat?
I see currently red market for altcoins which is not good. Is this caused by bitcoin price going down or has the altcoin market bubble been popped? If it has been been popped then hedging bitcoin is not a correct choice right? Or will the upcoming bitcoin segwit drama events cause another altcoin bubble?
If you're not afraid of keeping some money on exchanges you could short. In the last 3 weeks there were some great opportunities because the market keeps going up and down in the same range. So it's buy at $2300, sell at $2500 and repeat. - Hedge bitcoin against Altcoins? If so which altcoins shall I choose?
- Hodl bitcoin?
- Sell bitcoin for Fiat?
I see currently red market for altcoins which is not good. Is this caused by bitcoin price going down or has the altcoin market bubble been popped? If it has been been popped then hedging bitcoin is not a correct choice right? Or will the upcoming bitcoin segwit drama events cause another altcoin bubble?
You could also sell and wait because there's a possibility we'll fall to around $2000 before August.
If you don't want to trade, just hold. Even if it drops to sub $2000, with segwit active we'll break $3000 with ease.
I thought this was a good article on the issue of Bitcoin and why I am HODL: https://themerkle.com/what-exactly-is-happening-to-bitcoin-on-august-1st/
With the upcoming segwit drama events that can possibly split bitcoin shall I:
- Hedge bitcoin against Altcoins? If so which altcoins shall I choose?
- Hodl bitcoin?
- Sell bitcoin for Fiat?
I see currently red market for altcoins which is not good. Is this caused by bitcoin price going down or has the altcoin market bubble been popped? If it has been been popped then hedging bitcoin is not a correct choice right? Or will the upcoming bitcoin segwit drama events cause another altcoin bubble?
If you are confuse right now why don't you just divide it hold some,sell some and invest some in alt coin,- Hedge bitcoin against Altcoins? If so which altcoins shall I choose?
- Hodl bitcoin?
- Sell bitcoin for Fiat?
I see currently red market for altcoins which is not good. Is this caused by bitcoin price going down or has the altcoin market bubble been popped? If it has been been popped then hedging bitcoin is not a correct choice right? Or will the upcoming bitcoin segwit drama events cause another altcoin bubble?
And for Hedging your bitcoin it's really up to you don't want to give a wrong coin to invest in.
Im getting 2 different responses on the current Altcoins market:
- Alt Market going down because bitcoin Market going down
- Altcoin bubble has been popped and hence market is going down
Only 1 statement above can be true so which one is correct? This will help on my decision whether to hedge against altcoins. Regarding litecoin, is it a good hedge? Its chart looks like its in a bubble or does segwit really justifies its current price? Is there any other good altcoins that can be used for hedging?
Also what caused the altcoin bubble in the 1st place? Alot of Ethereum ICO's or Rojer Ver march drama of Bitcoin unlimited?
Still 2-3 weeks left until August 1st. The price of bitcoin could fall another $800-1000 in that huge amount of time so is HODL wise?
What is everybody stance?
- Alt Market going down because bitcoin Market going down
- Altcoin bubble has been popped and hence market is going down
Only 1 statement above can be true so which one is correct? This will help on my decision whether to hedge against altcoins. Regarding litecoin, is it a good hedge? Its chart looks like its in a bubble or does segwit really justifies its current price? Is there any other good altcoins that can be used for hedging?
Also what caused the altcoin bubble in the 1st place? Alot of Ethereum ICO's or Rojer Ver march drama of Bitcoin unlimited?
Still 2-3 weeks left until August 1st. The price of bitcoin could fall another $800-1000 in that huge amount of time so is HODL wise?
What is everybody stance?
I believe some people/groups are making everything possible so that people sell their Bitcoin before the end of the summer. So those same people/groups can buy with a lower price compared to what he will be very soon. After the summer will be gone, there are lot people who are going to regret selling their coins
With the upcoming segwit drama events that can possibly split bitcoin shall I:
- Hedge bitcoin against Altcoins? If so which altcoins shall I choose?
- Hodl bitcoin?
- Sell bitcoin for Fiat?
I see currently red market for altcoins which is not good. Is this caused by bitcoin price going down or has the altcoin market bubble been popped? If it has been been popped then hedging bitcoin is not a correct choice right? Or will the upcoming bitcoin segwit drama events cause another altcoin bubble?
- Hedge bitcoin against Altcoins? If so which altcoins shall I choose?
- Hodl bitcoin?
- Sell bitcoin for Fiat?
I see currently red market for altcoins which is not good. Is this caused by bitcoin price going down or has the altcoin market bubble been popped? If it has been been popped then hedging bitcoin is not a correct choice right? Or will the upcoming bitcoin segwit drama events cause another altcoin bubble?
First of all change the title word hold, then do as the word says just hold your coins, nothing shall happen to them, as far the alts are concerned no clue why they are down or in other words don't really care about them, I have always said to people to stay away from them. As for Bitcoin spilt the current environment says there would be no spilt as of such, so that's a wait and watch event. Then again the prices of Bitcoin are volatile, but I am sure they will bounce up very soon.
id say hodl and the rest buy cheap alts
- if you are ok with getting dumped on while the bubbles burst then invest in altcoins and hedge against them !
What? If you are investing in altcoins you are not hedging against them. Please get the principles correct or do not discuss them, confusing the concepts helps no one.
hedging against something doesn't eliminate the risks in case of a disaster like the big dumps altcoins have. it just reduces them.
and this means the result of simply investing in altcoins or hedging against them will be the same.
my understanding of hedging is that you use derivatives so that a loss in one investment is offset by a gain in a derivative. but when the derivative itself is also dropping and it is dropping even harder your are just adding additional expense to your strategy.
The Downside
Every hedge has a cost, so before you decide to use hedging, you must ask yourself if the benefits received from it justify the expense. Remember, the goal of hedging isn't to make money but to protect from losses. The cost of the hedge - whether it is the cost of an option or lost profits from being on the wrong side of a futures contract - cannot be avoided. This is the price you have to pay to avoid uncertainty.
Every hedge has a cost, so before you decide to use hedging, you must ask yourself if the benefits received from it justify the expense. Remember, the goal of hedging isn't to make money but to protect from losses. The cost of the hedge - whether it is the cost of an option or lost profits from being on the wrong side of a futures contract - cannot be avoided. This is the price you have to pay to avoid uncertainty.
Hey, my strategy will be to buy when other people panic and to Hodl until the storm has past. There will be a lot of uncertainty in the coming weeks and a lot of people will panic and sell their coins and this will flood the markets with cheaper coins. Once the winds have calmed down and most people realize that it was not as bad as everyone was thinking, then it would be too late to buy cheap coins, because everyone will want to jump back in. ^smile^
you are here for the long term? just hold, you really think segwit will kill "again" bitcoin
if you want to be pump and dumper as many other, dump and buy back for cheap
forgets altcoin for now they are more in trouble than bitcoin, everythign is in red
if you want to be pump and dumper as many other, dump and buy back for cheap
forgets altcoin for now they are more in trouble than bitcoin, everythign is in red
+I agree that holding is good if you plan for long term. Also for me you can also sell for the half and hold the other half. If the price goes down, then you can buy the again at lower price using that proceeds.
With the upcoming segwit drama events that can possibly split bitcoin shall I:
- Hedge bitcoin against Altcoins? If so which altcoins shall I choose?
I see currently red market for altcoins which is not good. Is this caused by bitcoin price going down or has the altcoin market bubble been popped? If it has been been popped then hedging bitcoin is not a correct choice right? Or will the upcoming bitcoin segwit drama events cause another altcoin bubble?
- Hedge bitcoin against Altcoins? If so which altcoins shall I choose?
I see currently red market for altcoins which is not good. Is this caused by bitcoin price going down or has the altcoin market bubble been popped? If it has been been popped then hedging bitcoin is not a correct choice right? Or will the upcoming bitcoin segwit drama events cause another altcoin bubble?
Hedge Bitcoin WITH altcoins. Specifically, Litecoin.
What do you mean you "see currently red market for altcoins"...do you mean the prices have been going down? If you think the altcoin market is in a bubble and you also believe it has popped then altcoins would be a good hedge for bitcoin, because they've come down in price (hence the mention of the pop).
Most altcoins are worthless, rubbish, don't bother with them. If you want to get into altcoins look at Litecoin and/or Ethereum (not really a currency, but investment-wise it'll serve the same relatively safe haven).
How much BTC are you working with?
- if you are ok with getting dumped on while the bubbles burst then invest in altcoins and hedge against them !
What? If you are investing in altcoins you are not hedging against them. Please get the principles correct or do not discuss them, confusing the concepts helps no one.
- Hedge bitcoin against Altcoins? If so which altcoins shall I choose?
- Hodl bitcoin?
- Sell bitcoin for Fiat?
- Hodl bitcoin?
- Sell bitcoin for Fiat?
- if you are ok with getting dumped on while the bubbles burst then invest in altcoins and hedge against them !
- if you are ok with the risk of a possible price drop then HODL bitcoin
- if you are ok with the risk of missing out on the possible price rise then sell bitcoin for fiat!
you see it is not possible to predict the future. none of us know at this point. things can go very differently come the August 1st. by that date we may see SegWit finally be activated and price goes up very fast and big time.
remember the Litecoin drama about activation of SegWit? if not let me do a quick reminder:
- the support grew at first, then everyone started tweeting we are having second thoughts (f2pool for example)
- then new hashrate showed up and went against SegWit
- price dropped hard and everyone gave up hope and sold their coins and there were talk of UASF LTC
- then support for SegWit went to 100% and it was activated
- price went to the moon and it is still up there.
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