1. Hedging is only recommended if you have adequate knowledge about how markets work, how to read charts, and generally experience plays a large factor. In other words, you don't want to jump in betting the house. Start with a tiny amount that you can afford to lose. When you feel comfortable trading a larger sum, then increase slowly.
2. "HODLing" is by far the safest way to save and/or appreciate Bitcoin. Those who have "HODLed" since 2013 have seen a 3,000% increase on their investment. Not bad, if you ask me...
3. It is never a good idea to put all your eggs in one basket. If you currently have too much invested in Bitcoin, consider selling some to even out your portfolio.
Topic: Hedge, Hodl or Sell Bitcoins? - page 2. (Read 1225 times)
We can't be sure what will happened after the segwit, there are so many speculation but most of them are positive speculation, and I believe there will be positive outcome from the segwit so I choose to hold Bitcoin, but I need to admit the price is dropping when it get nearer to August, but I believe it will get better after the segwit
it depends on how much money you have invested in bitcoin!
for example if you have invested your whole life savings in bitcoin then the third option is a must do.
but if it is a smaller amount that you can handle and afford to lose then your options become wider.
right now i can't see any altcoin that is good to hedge against. they are known to fall when bitcoin goes down which means even bigger loss!
i see someone suggesting litecoin, it is a good option but i would wait a little until it bottoms out and then invest in it to increase my chances of making an even bigger profit.
for example if you have invested your whole life savings in bitcoin then the third option is a must do.
but if it is a smaller amount that you can handle and afford to lose then your options become wider.
right now i can't see any altcoin that is good to hedge against. they are known to fall when bitcoin goes down which means even bigger loss!
i see someone suggesting litecoin, it is a good option but i would wait a little until it bottoms out and then invest in it to increase my chances of making an even bigger profit.
Try to hodl some and sell some. Well we need to hodl it for our future but if you really need the money as in now, then withdraw your money. But it is okay also if you hodl it for the next years to pass and look at the price of it in the next years. But it is your choice in everything.
Do your own freakin research. If we knew exactly what would happen, then we would be freakin multimillionaires already. Hold if you're a true cryptocurrency enthusiast and you think that it will rise back up anyway in the future. Sell if you're panicking and you think it will crash hard. Exchange your bitcoins for other altcoins/cryptocurrencies if you think they wouldn't crash with bitcoin.
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?
I would say consider all three options. However, it is quite clear that hodling is the most reliable way to not lose in the long run. Trading is difficult and takes tons of studying, focus and some luck to make money with. Selling Bitcoin is practically the opposite of hodling, as it lowers demand and increases supply, which drops the price in the end. It really comes down to your intentions... are you looking for a way to take risk and get more BTC, or simply want a safe way to invest them? If you are into taking risks, try your hand at trading. Otherwise stick to hodling. If you just want to cash out, then sell now because the bubble is already popped.
- Hedge bitcoin against Altcoins? If so which altcoins shall I choose?
- Hodl bitcoin?
- Sell bitcoin for Fiat?
the first rule is always to invest what you can afford to lose. and if you have already done that then there is no reason to ask this here. just keep your investment. - Hodl bitcoin?
- Sell bitcoin for Fiat?
and "hedging" against altcoins is not that good a idea in my opinion. it is best if you just use altcoins to earn profit short term. although a couple of them may be better choices.
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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?
it is hard to say. the recent massive pump of altcoins was because of bitcoin's troubles but the thing is you can not use the same thing twice this soon. right now there are so many wounded newbies lying in the streets, bloody
And they won't just come back and invest in the pumps this soon.
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?
If you truly believe in Bitcoin, just sit tight. Hold both forks and wait it out.
In another 6 months or so, you will have a clear winner.
how about doing all 3.
it is a good choice too at this point. you diversify, sell some for getting the profit because bitcoin price is still very high compared to start of t his yaer ($1000) and by diversifying into altcoins you can gain some more profit.
my choice is litecoin for this case. it has activated SegWit and it is also adding a lot more with the lightning network, the atomic swap, ... and the price is very solid at the moment. because where others are falling LTC is staying up and even rising.
it is a good choice too at this point. you diversify, sell some for getting the profit because bitcoin price is still very high compared to start of t his yaer ($1000) and by diversifying into altcoins you can gain some more profit.
my choice is litecoin for this case. it has activated SegWit and it is also adding a lot more with the lightning network, the atomic swap, ... and the price is very solid at the moment. because where others are falling LTC is staying up and even rising.
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?
I think you have a brain to do a better act rather than asking the silly question like this. You should go to the speculation thread for the correct place. I mean if the chain gets forked and sells your bitcoin. Or if you are still believing with bitcoin and just hold them to receive the clone bitcoin. Looks all of the people get panic caused by the bitcoin drama. Until the problem of bitcoin will be get resolved and there is a lot of speculation that could be supported those dumping the coin anytime. Don't take the drama seriously dude. - 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 Bitcoin gets hurt it's hard to believe that alts will benefit. imo if you have BTC either hodl or convert to fiat. Personally, hodling
Another thread again asking for what will they do in the upcoming bitcoin drama.
Can we just make our own analyzation on what things we must do? There are already many responses about that so I think it's enough references to make our own decision. There are already number of people asking what is the accurate thing they must do in order to save their asses from this drama.
If you are afraid, then sell. If you believe, then go with the hold. Take the risks.
Can we just make our own analyzation on what things we must do? There are already many responses about that so I think it's enough references to make our own decision. There are already number of people asking what is the accurate thing they must do in order to save their asses from this drama.
If you are afraid, then sell. If you believe, then go with the hold. Take the risks.
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?
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