You can reduce your own risks by ensuring you consistently adhere to good security protocol.
Use strong passwords
Use computers that are clean of malware with current reputable antivirus
Store your HODL stash in cold wallets or a Trezor
Don't keep crypto on exchanges unless trading with it.
Always use dynamic 2FA wherever you can.
Don't tie your email address to your cellphone number.
Txt is insecure and phone jacking is a real threat.
For loss due to market fluctuations.
You can short and long positions to hedge your risk.
Topic: Insuring the crypto assets. Is it possible? (Read 983 times)
Don't think it is possible because any insurance company will accept the risk involved in crypto investments and make up for the losses because the prices can literally even go to zero so if everyone insured their crytpo means how they can get their f=refund from nothing.
Do you even understand the risk that you have to take by allowing some 3rd party to take care of your assets while you sit around doing nothing? People need to become more aware and alert about these risks. One should never ever reveal their holding to a 3rd party. Who knows when someone is going to pull the plug and go to the darkside along with all your precious coins?There does not exist any such "insurance" company. Even if they did I would never put my coins in there. Cant you all see the similarity of banks with this? They may entice you to use their service to receive 5% pa interest but then again thats basically like the bank. Wake up!!
It is hard to predict something in this market, but you should be prepared for market in case if it will go to down side with fiat or stable coins to buy more at lower prices.
Do not look your loses as permanent loss, market will recover one day and these loses will be little compared to future profits.
Do not look your loses as permanent loss, market will recover one day and these loses will be little compared to future profits.
Well, how much you lost on the "Bitcoin's Black Friday"?
Thousands of dollars. 
But it can recover and would get better once the market starts to get into the bull so I'm worried with that lost. I even made that much before with the last bull.
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.
You want to insure to avoid such losses when the market changes its price? I'm not sure if there will be a company that's willing to take risk for this type of scheme, if there's a company willing to do that, many will take advantage of it. 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 like that, I think insurance companies are ready with the risk of cryptographic price fluctuations,
or i think! insurance companies sell crypto when the insurance user pays it with cryptocurrenc.
or i think! insurance companies sell crypto when the insurance user pays it with cryptocurrenc.
Insuring of things that are very easy to ensure most time the insurance company fail. Let me be frank with you anyone that promise you that if you insured your bitcoin when it was $15000 when the price falls to $4000 He or She will paid your $15000 anytime you need it or in an agreed time will definitely disappoint you. Invest in crypto at your own risk.
You could probably find insurance for crypto if your talking about theft. Dropping prices is a completely different ball game.
I've heard of celebrities insuring their body parts for millions and many other ridiculous things, if the price is right an insurance company won't turn you down. They love easy money.
I've heard of celebrities insuring their body parts for millions and many other ridiculous things, if the price is right an insurance company won't turn you down. They love easy money.
Don't think it is possible because any insurance company will accept the risk involved in crypto investments and make up for the losses because the prices can literally even go to zero so if everyone insured their crytpo means how they can get their f=refund from nothing.
If you have sum insured in bitcoin equivalent and insurance company pays losses in bitcoin it makes no difference how much BTC cost. All fiat\crypto risks are from another story. It makes things simple - you loose crypto, you get crypto.
Don't think it is possible because any insurance company will accept the risk involved in crypto investments and make up for the losses because the prices can literally even go to zero so if everyone insured their crytpo means how they can get their f=refund from nothing.
the question of who should be involved in the insurance of crypto-assets, still remains open. On the one hand, insurance companies should take part in the formation and evaluation of cryptocurrencies, and on the other hand, companies that are directly involved in the crypto-industry own the greatest expert base for risk assessment. The ideal solution would be the joint cooperation of the first and second
Saved 1 eth on the $520 level
sold at 300 lol
Well, its a good timing sir even you are lose 25% of your investment. Atleast you sold your ethereum before it goes down. As of now, the price of ethereum is moving at 100 to 150 dollars. Maybe, it will surge once it has a price action in bitcoin. We can ensure our crypto asset by holding them all until we see the price that is rising above its ico price. 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.
Running a company to insure crypto assets is a huge risk I don't think anyone would want to adventure. It will be an added risk to the already risk prone crypto investments. It is utterly unnecessary.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.
The truth is that crypto insurance service baked by licensed insurance company and already operating. At least here is the one https://cryptoins.io/
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.
Running a company to insure crypto assets is a huge risk I don't think anyone would want to adventure. It will be an added risk to the already risk prone crypto investments. It is utterly unnecessary. 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.
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.
First time I hear about such a system. It might be but they should be scam like other money traps. Why would anyone do that? Think about it, it is not possible to make profit maybe some little interest but when the prices go down the loss becomes too big. 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 anyone does they insure the number of Bitcoins not their USD value.
Yes, there are project that are catering already about insurwnce but I do.not know how it will going to work out. Anyway, there is another way to ensure our investment and that is to let cryptocurrency to be regulated by every country around the world. This will definitely make a good start for building up confidence and trust in investing crypto.
i don't think it can be done at this time, we know that the regulation in my country doesn't exist yet, whereas to insure it, of course something must be approved by government, of course this is still difficult
We are focusing on the fiat currency once again. The question is not "can we insure the price point we get into bitcoin", that is idiotic. No you can not guarantee the price of bitcoin as an insurance company, are you insane? However insurance companies can insure the storage of your bitcoins and so forth, if your money is stolen and what not. They won't do it for everyone and every option since they wouldn't know to trust you but they can insure places like wallets and exchanges for that reason. That way one insurance company will say "give us x amount of fiat/crypto and we can insure that your coins in binance will not be stolen". In which case if your money stays there, insurance company wins, if your crypto gets stolen there they will find a way to make that money but at least you will be safe knowing that they will pay you.
to ensure your funds is quite possible I think. But the essential part here is not to mix up the notions and make sure you understand how the system of insurance works.
For heaven's sake and for this forum's sake please do some research before you start posting about stuff and giving advise to others. There is currently no system that helps you insure your assets. What do people actually lose when the market drops? The amount of bitcoin they have still dont change provided they have not sold any of it. They lose the value of the asset because of market price changes. That does not necessarily mean one should look for modes to insure the values because in reality there is nothing that can do so.Putting your funds into a company that allows you to hedge it would be another headache. Do so at your own risk.
Sure there are services that insure your crypto assets. But the risk is not USD price of the assets drops, but you loose your assets because of fraud or hackers.
to ensure your funds is quite possible I think. But the essential part here is not to mix up the notions and make sure you understand how the system of insurance works.
For heaven's sake and for this forum's sake please do some research before you start posting about stuff and giving advise to others. There is currently no system that helps you insure your assets. What do people actually lose when the market drops? The amount of bitcoin they have still dont change provided they have not sold any of it. They lose the value of the asset because of market price changes. That does not necessarily mean one should look for modes to insure the values because in reality there is nothing that can do so.Putting your funds into a company that allows you to hedge it would be another headache. Do so at your own risk.
there is nothing special about the insurance of crypto assets. only now for loggin to the wallet or market exchange, there is a recent update that must be accompanied by confirmation that it is not phishing. I think it's a good progress for the level of security of our 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.
My suggestion is to hold it until cryptocurrency is bullish, I don't really understand about whether we can insuring the crypto assets. In 2018 I have not experienced a loss on Bitcoin because my experience and analysis said that in 2018 Bitcoin will have a downward trend so I secure my money to Fiat and trade in several altcoins that have good growth. 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.
Definitely possible with certain derivatives and trading techniques.
In fact, hedging is absolutely nothing new in terms of the financial world and can be applied to forex as it would to bitcoin. Obviously, you would need to find the right platform to do it in order to hedge your bets, for example, taking out put options for bitcoin while holding your BTC.
It will come at a cost though, whether through spreads, fees, interest, whatever. If you are seeking stability solely in the form of USD, then you might as well just hold USD instead to save yourself some trouble. However, long term bitcoin holders will see bitcoin as a stable store of value, instead of measuring it against USD all the time, which could make things appear more volatile than they really are in the long run.
In fact, hedging is absolutely nothing new in terms of the financial world and can be applied to forex as it would to bitcoin. Obviously, you would need to find the right platform to do it in order to hedge your bets, for example, taking out put options for bitcoin while holding your BTC.
It will come at a cost though, whether through spreads, fees, interest, whatever. If you are seeking stability solely in the form of USD, then you might as well just hold USD instead to save yourself some trouble. However, long term bitcoin holders will see bitcoin as a stable store of value, instead of measuring it against USD all the time, which could make things appear more volatile than they really are in the long run.
We can't insure the crypto currencies ased on the fiat value,we may insure the exchange's wallet and if that hacked we may get the same amount of crypto which we had before the hack so we don't have any security interms of value based.Since it is a currency the value will be changing based on the market no insuarnce will be available in the future also.
maybe it is more logical for insurance to be carried out by an exchanger, where consumers will feel more comfortable, because there have been cases of burglary on one of the exchanges, which has a negative impact on that exchangeWell, 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.
In my opinion if you had invested as much as you can afford to lose, everything would be different now. The reason you lost money is yourself and you should take this into consideration in the future. 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 have never heard about money insurance in cryptocurrency. I just recently saw a new ICO and they wrote that the ETH trade would be from higher price (i don't remember name of ICO). But most likely, the buyer will be needed from the up price.
Are you talking about some kind of mutual fund? Or anything related to someone investing in your behalf? Then I am afraid to tell you that these are just scams waiting to happen. There is no such thing as a legit service like that and the ones who are offering right now are more than likely a scam waiting to happen. You should know that the only way you can invest in cryptocurrency right now is either directly buying its ICO or trading in a crypto exchange because other than that is just a fraud from a criminal.
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.
Insurance of money invested in cryptocurrency...Not heard, probably you'll have to pay the same amount of insurance company how much to invest in bitcoin for the possibility of such insurance and it is not the fact that you will find such a crank.
The risk in crypto is too great and just no one will take such risks to compensate you for the damage received during the next price reduction.
Assets can only be insured through private brokers. This is a particularly risky investmentfor insurance brokers due to the hacks of wallets etc... maybe security tokens will have more of a future in this field!
wow, cool!
any real working examples?
Assets can only be insured through private brokers. This is a particularly risky investmentfor insurance brokers due to the hacks of wallets etc... maybe security tokens will have more of a future in this field!
to ensure your funds is quite possible I think. But the essential part here is not to mix up the notions and make sure you understand how the system of insurance works.
We can't insure the crypto currencies ased on the fiat value,we may insure the exchange's wallet and if that hacked we may get the same amount of crypto which we had before the hack so we don't have any security interms of value based.Since it is a currency the value will be changing based on the market no insuarnce will be available in the future also.
maybe it is more logical for insurance to be carried out by an exchanger, where consumers will feel more comfortable, because there have been cases of burglary on one of the exchanges, which has a negative impact on that exchange The premiums must be really hard. The easier method is insuring crypto platforms. Such as coinbase, blockchain.com, bitmain and all those crypto related stuff could be insured instead of crypto itself. Much easier method and still insuring in crypto world.
Dunno why someone above was afraid of promoting anything as I don't think it was.
I came across the service called Cryptoins that is actually designed for providing such services and saving our holy grail Coinbase and Bittrex exchanges. Haven't heard on anything of that kind yet.
As for the companies that are into insurance they may not be not successful with the implementation of this idea as for at least another couple of years: the crypto is only starting to gain its credit amongst legislation systems of the world so it will have lotta improvements + all the process must surely be much more complicated to make assets- insurance Blockchain-based thing work.
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.
If you use blockchain it is. Blockchain is already worked on insurance right now, there are companies who are trying to insure stuff on blockchain to make it more forever there type deal and for that to happen you need the underlying contract to be agreed by both parties and exist in blockchain. Now, if you take that blockchain technology into insuring crypto you can make it happen however insuring crypto assets would require a lot more details then the regular "life" or "house" insurance type of deals because it is harder to calculate the underlying risks.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.
The premiums must be really hard. The easier method is insuring crypto platforms. Such as coinbase, blockchain.com, bitmain and all those crypto related stuff could be insured instead of crypto itself. Much easier method and still insuring in crypto world.
We can't insure the crypto currencies ased on the fiat value,we may insure the exchange's wallet and if that hacked we may get the same amount of crypto which we had before the hack so we don't have any security interms of value based.Since it is a currency the value will be changing based on the market no insuarnce will be available in the future also.
same. will stock on some coins to get lambo to get moon.
) [/quote] I never heard of any insurance schemes for crypto. The rest are government tax-based modes. Why would you even want to insure your crypto assets without knowing whom you are sending funds to? Its better to keep them secure yourself. Also for price surges you just have to deal with it. Try not to use those "hedge funds" because most are scam.
[/quote]
guess it not possible to ensure the crypto itself but some part of the funds or service one's used at least could somewhat become reality one day.
Well, how much you lost on the "Bitcoin's Black Friday"?
None. Because I dont follow these government propaganda of selling stuff at low prices on a rush of 3 days. Reasons being not privilaged to access them and also because the stuff being sold are those that they struggled to sell all the year and are mostly iScam junk.Quote
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.
Talking about crypto I would say if I had cash at hand I would have bought. But could not cut anything out to stock up at the moment.Quote
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 never heard of any insurance schemes for crypto. The rest are government tax-based modes. Why would you even want to insure your crypto assets without knowing whom you are sending funds to? Its better to keep them secure yourself. Also for price surges you just have to deal with it. Try not to use those "hedge funds" because most are scam. 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.
Nah, i don't think so. Who gonna take responsibility for all money? Exchanges? Definitely not the decentralized ones like ethermium and idex. Regular like Binance? Well, maybe. But if they got hacked they just apply for a bankruptcy and tha't all, folks. 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.
This topical subject sounds interesting, so I did a small google research and found that
still trying to figure that one out, probably smb will understand it better.
yeah, it looks like what i meant. are they working with binance? huge if true
Well, they are. Working with Kraken and Bittrex too. Just don't wanna leave a direct link for it to look like an ad. If interested, go check it yourself.
Thanks for sharing this service. I have never heard of it before though, will check and use it. This is a pity they don't have their own thread on the forum.
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.
exactly. no one will take responsibility of the market moves, so the ball's in your court. it sounds like you want to shift the responsibility onto somebody else tbh
I can relate to this but only partially. Being insured and taken care of some organization is always cool, esp if it has something to do with your money.
The BTC's Black Friday hurt my funds significantly so i'm currently looking for new ways of saving the rest. Looking forward to hearing from experts out there. The thread must be of help.
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.
Nah, i don't think so. Who gonna take responsibility for all money? Exchanges? Definitely not the decentralized ones like ethermium and idex. Regular like Binance? Well, maybe. But if they got hacked they just apply for a bankruptcy and tha't all, folks. 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.
This topical subject sounds interesting, so I did a small google research and found that
still trying to figure that one out, probably smb will understand it better.
yeah, it looks like what i meant. are they working with binance? huge if true
Well, they are. Working with Kraken and Bittrex too. Just don't wanna leave a direct link for it to look like an ad. If interested, go check it yourself.
insurance to do the bitcoin hodl I think it must be difficult to use the service, because the price moves according to the market price, not because of the SCAM
but for insurance in investing in ICO, DeHedge was able to assist participants in securing their money from Scammers, namely BTC assets converted in the form of DeHedge Tokens, which are initials tokens for assets stored in the platform wallet,
maybe this scheme can be developed again, to be able to become an insurance platform for the cryptocurrency community
but for insurance in investing in ICO, DeHedge was able to assist participants in securing their money from Scammers, namely BTC assets converted in the form of DeHedge Tokens, which are initials tokens for assets stored in the platform wallet,
maybe this scheme can be developed again, to be able to become an insurance platform for the cryptocurrency community
i don't think it can be done at this time, we know that the regulation in my country doesn't exist yet, whereas to insure it, of course something must be approved by government, of course this is still difficult
i would not happen.insurance company didnt courage to cover the losses of their member although crypto market already regulated.moreover cryptocurrency price has high volatility. 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.
I chose cutloss at several coin major a few days ago, because after seeing the candle pattern there was also no sign that later there will be a bull run that happened, so I chose to secure your assets, after all I did it because not every time to have to check market prices
Of course there's insurance. But bear in mind you're insuring your actual assets in crypto/Bitcoin, not their dollar value. For example, storing it with a custodian service or using one of those licenced Japanese exchanges, qualifies you (in fact, if I'm not mistaken automatically puts you) for insurance on your funds deposited. You deposit 100 BTC, if anything happens to it, you get 100 BTC. That's it.
If it's insurance on price and market movement, you'll want to look at options markets. I have seen insurance services on price movements but none of them as I can recall are accredited, I wouldn't pay an insurer like that anything.
If it's insurance on price and market movement, you'll want to look at options markets. I have seen insurance services on price movements but none of them as I can recall are accredited, I wouldn't pay an insurer like that anything.
Basically i'm still not loss because i still hold my bitcoin but never heard before if there is insuring for crypto asset on the particular countries even possibly our crypto asset will not be protected by law because in the some countries the legality of cryptocurrency is still questionable and i was highly doubt this is will happened
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.
Nah, i don't think so. Who gonna take responsibility for all money? Exchanges? Definitely not the decentralized ones like ethermium and idex. Regular like Binance? Well, maybe. But if they got hacked they just apply for a bankruptcy and tha't all, folks. 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.
This topical subject sounds interesting, so I did a small google research and found that
still trying to figure that one out, probably smb will understand it better.
yeah, it looks like what i meant. are they working with binance? huge if true
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.
Nah, i don't think so. Who gonna take responsibility for all money? Exchanges? Definitely not the decentralized ones like ethermium and idex. Regular like Binance? Well, maybe. But if they got hacked they just apply for a bankruptcy and tha't all, folks. 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.
It would be great if there's some indepedent bodies who'd provide some insurance options in case of hacking, bankrupting etc, isn't it? I mean, somebody who regulates the relations between the exchanges and the users.
not everyone needs insurance, even if we speak about non-crypto cases. it'll become a great feature for those who really interested in safer holding
it seems impossible there is an institution that wants to become an insurance provider because it sounds stupid, the risk of loss is very high, there is no certainty and is less likely to benefit, crypto is not a real asset that is insurable, but if it is there then we can play in the market is more comfortable and always in a safe zone, it feels less exciting, right?
Right now we have right now is as you described, yes. But who knows, probably one day things will turn upside-down
i don't think it can be done at this time, we know that the regulation in my country doesn't exist yet, whereas to insure it, of course something must be approved by government, of course this is still difficult
yep, the whole crypto regulation should be the first step. after that we can speak about the insurance.
This is actually what's going on right now. Many people started to talk more about regulation on the governmental level. I'd say it's one of the reasons the market is so sad now.
i don't think it can be done at this time, we know that the regulation in my country doesn't exist yet, whereas to insure it, of course something must be approved by government, of course this is still difficult
yep, the whole crypto regulation should be the first step. after that we can speak about the insurance.
it seems impossible there is an institution that wants to become an insurance provider because it sounds stupid, the risk of loss is very high, there is no certainty and is less likely to benefit, crypto is not a real asset that is insurable, but if it is there then we can play in the market is more comfortable and always in a safe zone, it feels less exciting, right?
i don't think it can be done at this time, we know that the regulation in my country doesn't exist yet, whereas to insure it, of course something must be approved by government, of course this is still difficult
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.
Nah, i don't think so. Who gonna take responsibility for all money? Exchanges? Definitely not the decentralized ones like ethermium and idex. Regular like Binance? Well, maybe. But if they got hacked they just apply for a bankruptcy and tha't all, folks. 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.
It would be great if there's some indepedent bodies who'd provide some insurance options in case of hacking, bankrupting etc, isn't it? I mean, somebody who regulates the relations between the exchanges and the users.
not worrying about the current rates, just bought some more btc. started from the bottom to the moon!
have nothing to add about the insurance, i can only agree with all the guys here who say it's hard or impossible. that's exactly what i wanted to say.
have nothing to add about the insurance, i can only agree with all the guys here who say it's hard or impossible. that's exactly what i wanted to say.
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.
Nah, i don't think so. Who gonna take responsibility for all money? Exchanges? Definitely not the decentralized ones like ethermium and idex. Regular like Binance? Well, maybe. But if they got hacked they just apply for a bankruptcy and tha't all, folks. 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.
It would be great if there's some indepedent bodies who'd provide some insurance options in case of hacking, bankrupting etc, isn't it? I mean, somebody who regulates the relations between the exchanges and the users.
Ok, what will their benefits? In case of exchange's hacking, there's huge amounts of money. Who'll be able to make amends?
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.
exactly. no one will take responsibility of the market moves, so the ball's in your court. it sounds like you want to shift the responsibility onto somebody else tbh
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.
Nah, i don't think so. Who gonna take responsibility for all money? Exchanges? Definitely not the decentralized ones like ethermium and idex. Regular like Binance? Well, maybe. But if they got hacked they just apply for a bankruptcy and tha't all, folks. 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.
This topical subject sounds interesting, so I did a small google research and found that
still trying to figure that one out, probably smb will understand it better.
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.
Nah, i don't think so. Who gonna take responsibility for all money? Exchanges? Definitely not the decentralized ones like ethermium and idex. Regular like Binance? Well, maybe. But if they got hacked they just apply for a bankruptcy and tha't all, folks. 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.
It would be great if there's some indepedent bodies who'd provide some insurance options in case of hacking, bankrupting etc, isn't it? I mean, somebody who regulates the relations between the exchanges and the users.
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.
We're almost the same, I'm holding my Crypto asset since the first quarter of this year but until now still, I cant them all due to having a lose if I'm going to sell. There's nothing we could do is keep on holding or rather accept our losses and cut it all. Holding here is the best decisions you have. 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.
Insurance? I don't think so we have our own responsibilities when it comes investment and I think the best gift we had if the market has begun to raise up.
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.
Nah, i don't think so. Who gonna take responsibility for all money? Exchanges? Definitely not the decentralized ones like ethermium and idex. Regular like Binance? Well, maybe. But if they got hacked they just apply for a bankruptcy and tha't all, folks. 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.
It is a pretty sad situation where I have lost more than 50% of my assets, but I am not too worry, before I sell the coin its mean that I haven't lose any money yet, I never heard any investment insurance but its a bit odd, every investment got a risk that can't be decrease using insurance, insurance in investment going go make your profit goes down
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
yep, time will tell
it'll be great not only for third party companies, but for all the parties concerned imo. f.e., saving your assets in case of exchange hacking or smth like this
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.
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.
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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