What is the perfect hedge for our bitcoins?

Robin,Hood

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Quote from: asuryan180 on August 27, 2015, 09:49:07 AM

Quote from: couer22 on August 27, 2015, 09:34:06 AM

Since taking over for BTC is a main criteria for hedging against its fall, so many coins fail on this criteria.

This is why ETH ranks high.

Ethereum is not a crypto currency coin but a open source software platform.

Ethereum is somewhat comparable with "Red Hat Linux" on blockchain tech. Yeh you may can build on it but open source software is not a investment to expect financial return. It maybe an investment on ethical grounds.
On top of it a CEO with a track-record of 5 started and failed companies is not the most convincing argument for a sound investment.

qwizzie

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Quote

Dash: is just a coinjoin implementation, that already exists on BTC. the "incentivized node idea" is decent, but flawed because not anonymous. Besides that, I never understood why a "masternode" needs to hold a certain amount of coins. Why just not reward all the active nodes?

Interesting to see how those two lines of yours have absolutely nothing to do with Dash, it couldnt hurt to do some personal research on some cryptocurrencies..

asuryan180

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Quote from: couer22 on August 27, 2015, 09:34:06 AM

Since taking over for BTC is a main criteria for hedging against its fall, so many coins fail on this criteria.

This is why ETH ranks high.

couer22

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Since taking over for BTC is a main criteria for hedging against its fall, so many coins fail on this criteria.

penek

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I don't see the difference between buying hardware for PoW mining and buying coins for PoS mining...
may be only in start profit...
but, I know that between the purchase hardware for PoW mining and starting to work can take long time, comparable with generating first PoS block...

and aslo an important role playing model of emission... I think that in Novacoin emission is well-balanced...

LiQio

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Quote from: Rakete4 on August 26, 2015, 01:03:19 PM

Quote from: habraken on August 26, 2015, 09:25:51 AM

Quote from: Rakete4 on August 25, 2015, 05:08:37 PM

Novacoin was more instamined than Peercoin, but Novacoin has got higher PoW inflation.
So short term, Peercoin's launch was more fair, while long term, Novacoin is more fair.

And there are more differences between the two.

[offtopic] PoW is only 'fair' if you 'happen' to have a lot of dedicated mining hardware and live in a cheap electricity area

Else it's just the people who can afford to invest in both, who get the coins.
Less wasteful on the environment if you just invest the same amount of fiat in PoS-coins directly imo, buy them. [/offtopic]

It's offtopic, so just very brief: When you buy PoW coins, you pay for the electritiy via paying the seller/miner. The seller/miner is just an agent who gets a moderate profit.
While when you buy pure PoS coins on the open market, you pay the seller for being an early adopter. Big difference.

The profit of the seller is irrelevant and doesn't have to be moderate at all (there are also miners that have free electricity).
This argument is economical nonsense.

Rakete4

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Quote from: habraken on August 26, 2015, 09:25:51 AM

Quote from: Rakete4 on August 25, 2015, 05:08:37 PM

Novacoin was more instamined than Peercoin, but Novacoin has got higher PoW inflation.
So short term, Peercoin's launch was more fair, while long term, Novacoin is more fair.

And there are more differences between the two.

[offtopic] PoW is only 'fair' if you 'happen' to have a lot of dedicated mining hardware and live in a cheap electricity area

Else it's just the people who can afford to invest in both, who get the coins.
Less wasteful on the environment if you just invest the same amount of fiat in PoS-coins directly imo, buy them. [/offtopic]

It's offtopic, so just very brief: When you buy PoW coins, you pay for the electritiy via paying the seller/miner. The seller/miner is just an agent who gets a moderate profit.
While when you buy pure PoS coins on the open market, you pay the seller for being an early adopter. Big difference.

habraken

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Quote from: Rakete4 on August 25, 2015, 05:08:37 PM

Novacoin was more instamined than Peercoin, but Novacoin has got higher PoW inflation.
So short term, Peercoin's launch was more fair, while long term, Novacoin is more fair.

And there are more differences between the two.

[offtopic] PoW is only 'fair' if you 'happen' to have a lot of dedicated mining hardware and live in a cheap electricity area

Else it's just the people who can afford to invest in both, who get the coins.
Less wasteful on the environment if you just invest the same amount of fiat in PoS-coins directly imo, buy them. [/offtopic]

Rakete4

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Novacoin was more instamined than Peercoin, but Novacoin has got higher PoW inflation.
So short term, Peercoin's launch was more fair, while long term, Novacoin is more fair.

And there are more differences between the two.

masterOfDisaster

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Quote from: Balthazar on August 25, 2015, 12:07:27 PM

Quote from: masterOfDisaster on August 25, 2015, 11:17:49 AM

Imagination?
-> https://bitcointalksearch.org/topic/110k-premined-nvc-is-successfully-destroyed-144158 !

I wonder to know what are you trying to say by publishing this link. Of course there were some coins generated right after public start of block chain and I personally destroyed these outputs. I guess it would be correct to say that you haven't seen anyone, who did the same thing. Is this a shadowy start or what?

https://bitcointalksearch.org/topic/m.3730462
https://bitcointalksearch.org/topic/m.2298533

I would say that forum trolling can be a good approach for developing the ability to gather information and form an independent opinion. It's much better than idea to follow some statements religiously and, even more, to keep the will for pushing the same agenda over and over, like some other people are doing. But honestly, I just don't care, because there are some other interesting issues to be dealt with.

Sincerely, your Alex.

I beg your pardon if you feel treated unfair by my comments.
I admit that I haven't tried to get to the bottom of all of this.
I'm quite sure that Novacoin is one of the rather innovative coins compared to hundreds of others - following the lead of Peercoin must be an innovative move Wink

...maybe that's what went wrong; my whole last post regarding Novacoin should have been seen with a wink

Gillette

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Anonymity is not at all the decisive factor to consider xmr as hedge of btc.

Eth and fiat are perfect hedges of btc at this moment.

Balthazar

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Quote from: masterOfDisaster on August 25, 2015, 11:17:49 AM

Imagination?
-> https://bitcointalksearch.org/topic/110k-premined-nvc-is-successfully-destroyed-144158 !

I wonder to know what are you trying to say by publishing this link. Of course there were some coins generated right after public start of block chain and I personally destroyed these outputs. I guess it would be correct to say that you haven't seen anyone, who did the same thing. Is this a shadowy start or what?

https://bitcointalksearch.org/topic/m.3730462
https://bitcointalksearch.org/topic/m.2298533

I would say that forum trolling can be a good approach for developing the ability to gather information and form an independent opinion. It's much better than idea to follow some statements religiously and, even more, to keep the will for pushing the same agenda over and over, like some other people are doing. But honestly, I just don't care, because there are some other interesting issues to be dealt with.

Sincerely, your Alex.

masterOfDisaster

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Activity: 321

Merit: 250

Quote from: Balthazar on August 25, 2015, 10:33:58 AM

Quote from: masterOfDisaster on August 25, 2015, 08:13:56 AM

Because of the shady start of Novacoin?

http://www.thefreedictionary.com/imagination

Imagination?
-> https://bitcointalksearch.org/topic/110k-premined-nvc-is-successfully-destroyed-144158 !

Regarding hedging - $100,000 daily volume, almost 0 fluctuation:

edit: hmmm imgur links don't work here? try this: http://imgur.com/Y8GIs1Y

More details here: http://coinmarketcap.com/currencies/nubits/

Balthazar

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Quote from: masterOfDisaster on August 25, 2015, 08:13:56 AM

Because of the shady start of Novacoin?

http://www.thefreedictionary.com/imagination

penek

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Quote from: masterOfDisaster on August 25, 2015, 08:13:56 AM

Quote from: penek on August 25, 2015, 07:31:52 AM

Why you forgot about Novacoin?

Because of the shady start of Novacoin?
Because it's a Peercoin clone that doesn't offer anything special except for a PoW process (to distribute new coins) that uses Scrypt instead of SHA256?
...dunno what else Wink

Novacoin is clone of Peercoin? I don't think so... https://wiki.novaco.in/en/FAQ

EvilDave

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Quote from: shanem on August 23, 2015, 08:25:18 AM

There is no hedge for bitcoins unless you are storing your money outside cryptocurrency.
When bitcoin drops, all other altcoins will follow suit.

Yep, sad but true:

However, if you take a look at the top 15 currencies on CMC over the last week, you can see that several are gaining against BTC, even if only in small amounts.
Based on this, Ethereum, Maidsafe, Ripple, NXT and Doge are the only possible hedge options at this moment........but: as Ethereum is still a baby and Ripple isn't a crypto, looks like NXT, Maidsafe and Doge are the best options.

Edit: Heres my investment tip:
Suzuki Katana GSX1100M

masterOfDisaster

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Quote from: lovely89 on August 25, 2015, 05:01:25 AM

It's almost like peercoin was developed today to solve the exact problem bitcoin has, except it was done innovatively 3 years ago!
[...]

The problem Bitcoin has? No, the real problems will begin when mining data centres start to attack the network to perform double spending attacks.
Sounds crazy?
For convenience here's not only the link, but the content as well for the rationale:

Quote from: penek on August 25, 2015, 07:31:52 AM

Why you forgot about Novacoin?

Because of the shady start of Novacoin?
Because it's a Peercoin clone that doesn't offer anything special except for a PoW process (to distribute new coins) that uses Scrypt instead of SHA256?
...dunno what else Wink

penek

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Why you forgot about Novacoin?

Leinaded

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Quote from: dnaleor on August 20, 2015, 08:32:45 AM

What are your thoughts?

If I've understood your question well you ask for stability, reliability and a good investment long term?

As cryptocoins are based in code in my opinion they won't be a safe investment long-term, 20-40 years for something like a retirement fund. All things related with computers and programming are highly mutable and fluid. Just look how has changed the pc world in this last decade. As new hardware appears new revolutions can change it all, old things that seemed reliable could become obsolete in a couple of years but same as the are risks there are many great opportunities.

So if you want to buy something and forget about it for the next 40 years I don't recommend cryptos. But if you're willing to keep an eye to your investment, search for opportunities and take risks cryptos are a great place to look. If you want safety and a bit of profitability long-term look for gold when it goes back to 400$-500$/oz. or invest in diamonds, something tangible. And always diversify your investment.

lovely89

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It's almost like peercoin was developed today to solve the exact problem bitcoin has, except it was done innovatively 3 years ago!

I also like nxt. Ethereum looks like something to continue watching but way over priced. eMunie is making strides. NEM could be big and there are a few smaller ones I'm invested in.

Topic: What is the perfect hedge for our bitcoins? (Read 5000 times)