It would be very expensive to insure something that has a high risk. Actually, to keep the premium affordable, the insurance company uses "the law of large numbers" to minimize the variance of a risk.
For example for life insurance: from country population data, 5% of people would die because of an unnatural cause in the next 20 years. Then the insurer would simply design a product that could gather a large number of people to "share" the risk. The bigger the better to minimize the variance to get the 5% for further premium calculation.
Without "the law of large numbers" and low risk, you will end up paying a stupid amount of premium. Just like CR7's legs.
Topic: Insuring the crypto assets. Is it possible? - page 4. (Read 979 times)
Well, how much you lost on the "Bitcoin's Black Friday"?
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more?
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more?
insurance schemes, for protecting from market moves? no such thing. nobody provides that kind of insurance, especially in the crypto world. the only thing you can really do is hedge your holdings by shorting or selling. i hedge by selling futures contracts on bitmex with leverage---that way i can minimize the amount of funds deposited on exchanges.
Well, how much you lost on the "Bitcoin's Black Friday"?
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.
What do you mean by "insurance shcemes"?Keeping your asstes safe from theft or keeping their price/value from a price crash?If you mean the second option,then btc futures contracts and shorting are they only way to keep the bitcoin price in a bearish market.Anyway,futures contracts and shorting will cost you a small fee.
Well, how much you lost on the "Bitcoin's Black Friday"?
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.
If I were to ask, I think there is nobody who would offer insurance for cryptocurrency. A volatile investment is not that effective to be insured and would possibly a deficit for the insurance company's assets.
Well, how much you lost on the "Bitcoin's Black Friday"?
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.
If I were to ask, I think there is nobody who would offer insurance for cryptocurrency. A volatile investment is not that effective to be insured and would possibly a deficit for the insurance company's assets.
To be honest, it sounds almost impossible for me.
I honestly cannot imagine how it should be done and who's going to bear such a responsibility.
I honestly cannot imagine how it should be done and who's going to bear such a responsibility.
sold at $205, but didn't lost much
as for insurance, i can say that it's pretty hard to implement. it'll take long time to establish the whole crypto-related insurance system, there're many nuances an so on. anyway, just my opinion
Looks like it's the question of time. as for insurance, i can say that it's pretty hard to implement. it'll take long time to establish the whole crypto-related insurance system, there're many nuances an so on. anyway, just my opinion
Even for the well-established third party companies, innit? Still curious about this thing tho
sold at $205, but didn't lost much
as for insurance, i can say that it's pretty hard to implement. it'll take long time to establish the whole crypto-related insurance system, there're many nuances an so on. anyway, just my opinion
as for insurance, i can say that it's pretty hard to implement. it'll take long time to establish the whole crypto-related insurance system, there're many nuances an so on. anyway, just my opinion
Saved 1 eth on the $520 level
sold at 300 lol
sold at 300 lol
Well, how much you lost on the "Bitcoin's Black Friday"?
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.
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