Bitcoin Forum

With Bitcoin BU getting more and more support from miners lately, I'm looking for good coins to hedge against the uncertainty of a hard fork. Any suggestions for coins that qualify?

I'm not interested in the next big altcoin hype or amazing new technology. Just a safe place to see the fork play out. I guess I'd prefer a coin that has a proven trackrecord and is pegged into the ecosystem for a while. Coins like LTC or Doge seem interesting, but there are probably better candidates out there. I would prefer a coin that enables me to trade in direct pairs though. ETH is an option as well, but that one seems a bit too much pumped lately.

Thanks for your suggestions!

If you don't wanna lose value then USDT. But you will neither gain anything. Also take 30min-1h and read ethereum's reddit.

I stepped into BTC to get out of fiat, so not likely I'll go back that same route  ;) I read loads on ETH already, like I said, it's a candidate, but also not priced right at the moment I think.

Imho the best coin for your problem is Bitcoin. Yes, I mean that you should not buy altcoins if you don't really want to.
If the hardfork will happen at all, you will end up with BTC + BU (if your money is in a local/proper wallet).
Whether the hardfork will happen or not, the "winning" coin will come back to this value and even higher.
Whether the hardfork will happen or not, the altcoins market has a lot of uncertainty too, since they are bought for Bitcoin too.

Disclaimer: While this is my personal opinion, the decision is yours, so don't ask me for refunds if your decisions were wrong. Also you should not make investment decisions based on random people's ideas over the internet.

Thanks, that's an insight we share I guess. Still I like to have a plan B if things get nasty (which always happens in crypto when major volume is involved). There for sure will come a negative trend that first puts both sides down. The uncertainty of which one will win, might even bring the total down to early 2013 levels. In that case I would have liked to have a hedging coin that is solid enough to be standing more on its own rather than to be pegged into any BTC pair.

It depends on how much trust you have in bitcoin system. The best hedge you can do is staying as %50 Fiat - %50 BTC i would say.

You will lose your chances to exchange half of your BTU's  for BTC's but you can still have more coins if bitcoin loses value over fiat and that's much likely.

However there is still a slim chance for bitcoin to have no value loss. In this case, you will be having a loss because you are holding FIAT.

I'm buying some LTC lately. No nonsense, no tricks, no b/s coin. Very well known, liquid (always been in the top 10 by volume), much mined and much undervalued (now still close to an all time bottom in price).
It solved the spam attacks very logically years ago.
It seems to me what BTC should have been.

I agree with you on this. I bought in on LTC @ $ 2 and even after all the BS and disappointments it's still there at a reasonably rate. I might hedge 10-20% into that one.

Yeah, I just don't ever want to go back into fiat with my current crypto holdings. I still make fiat money "IRL" thats more than enough to get by. Crypto's are my retirement fund so to say ;)

if bitcoin fork and you have the bitcoin in your wallet then you would have both original bitcoin core and bitcoin unlimited.
your 1 bitcoin now became 2, it's a win win. the price will pump up again after everything is settled down.

@konner i meant the crypto usdt. It's pegged to dollar value.

Ah, ok, sorry ;)

Sure, I get that. But if I hedge into another asset that is not affected by both and stays @ relative $ 1k per BTC/BU, I can make 2 out of 1 BTC @ fork and then 10 out of 2 if they both drop to $200. That's what I'm talking about.

better to not dumpe because of fud, keep yuor coins, BU will not make your coins cheaper, and even so this si a good way to buy more, but the value will plausibly increase more after the initial rush for the dump, i see this thing many times and trust me it will recover eventually, and lol at choosing ltc or doge, they are bad coin 100% pump and dump without a future, but i can agree more on etheruem though

The chart looks like possibly $200 coming (nothing is guaranteed of course). The pump had only just begun from ~$20 level.

Also there are apparently a lot of development announcements coming and ongoing. A lot of activity at this time. Many ICOs announced. Raiden LN prototype almost complete. Metro upgrade coming, etc.

Some smaller caps might pump more though.

Agreed that USD is probably your best hedge against the value of bitcoin falling from an oncoming fork. I'd predict that once this is behind us the increase in price will continue but right now there is no reason for the price to keep going up until we get the fork/segwit behind us.

a decent hedge is gold. Find where to trade physical gold for btc back and forth in my sig.

If the price of ether goes to $200 doesn't it get kinda ridiculous to actually use the network for some use cases. For example this project used to cost about $0.02 to send a tweet, https://github.com/yep/eth-tweet, but now is about $0.20, and would be $0.80 if the price hits $200.

I know it's possible for them to change the default gas price and miners can accept lower prices, but it seems like some use cases for the network just stop making sense as the price goes up.

BTC is the gold, LTC the silver. When gold fails go to silver

Trouble is, both Gold and Silver prices are rigged. So if LTC is silver to BTC being gold, they both might have the same fallout once the sh!t hits the fan.

Are you seriously trying to pump ETH? Didn't you create the ETH paradox thread bashing it for months???

What are you advocating I hedge BTC with?



Perhaps you should read the entire post (not just what is quoted) also:

LTC? Any other honest coin that doesnt go against what you were preaching here for years? Lol? Not a 72 million premined, unlimited supply, no utility, not a store of value?

Am I not allowed to look at the chart and make a short-term gain?

I only have 10 BTC to survive on and no other income or assets. I can't mess around just because of my ideology.

I made my best appraisal of which high liquidity token was likely to outperform near-term, purely for speculative reasons.

DASH, Ripple were not open for consideration.

LTC's (and XMR's) chart looked less convincing to me.

My angel investor has some XMR, so no need for me to buy that (since the BTC I have is his anyway).

I still have 4 BTC.

I reiterated my technical reservations when I wrote about hedging to ETH. So I didn't capitulate on technological issues. I have however shifted to a less unrealistic stance on "immutability" (https://bitcointalk.org/index.php?topic=1837136.msg18310637#msg18310637).

I also wrote that I hold ETH and STEEM because they are competitors to my project, so it is good to hedge against the (unlikely!) failure of my own. If I believe in the market for my project, then I should believe my competitors also are in the correct market. I see a lot of new projects coming out (https://bitcointalk.org/index.php?topic=1839699.0) on Ethereum.

Fair enough..

boo yah!
fkn n000bs on the level!

the BTC v LTC = GLD to SLV ... still in play ;)

junkie i see you

come on let us killit with Acrilic stuff. period over.

"I only have 10 BTC to survive on "

FUCK YAU!  welcome to open source.  I am goin to gauge that I can get Indians at half the cost, just so that their cousins don't die of diarrhea.

if you need more than $10k for the NXT 90 days ... for shelter ... bandwith ... and other ... = outrageous!
aka ... you can relocate if needed  8)

The BTC flow started when ETH was around 30$. Below that the value raised mostly because of the EEA. I think the icos will have the least impact on price. The biggest impact will have these, not necessarely in this order: raiden, metropolis, and random positive news that seem to appear out of nowhere because these corporations/institutions will never officially announce they work on ethereum. Like United Nations (on their official site they dont explicitly say ethereum but the picture says it all):
https://insight.wfp.org/what-is-blockchain-and-how-is-it-connected-to-fighting-hunger-7f1b42da9fe#.ubr4yabrj
https://www.ethnews.com/the-un--capitol-hill-learn-all-about-ethereum
https://www.ethnews.com/the-world-food-programme-wants-to-recruit-ethereum-in-the-fight-against-hunger

It's weird that andreas antonopolous, a bitcoin maximalist, wants to talk at devcon 3@ethereum. What do you think of that ?

GLHF (good luck, have fun)

Creative people are not fungible.

Open source is good at drawing in the creative people who have a mutual incentive on that body of code. But it doesn't mean that some xerox copied schmucks from Timbuktu can necessarily do that same work as the age ~52 programmer (who has been coding since age 13) who has had his head in blockchains for the past 4 years every waking hour.

No offense intended to any nationality or race (except those who deserve it).


The point was I needed to hedge so it doesn't decline. If I am going to take more downside risk then I need to pick the one with the most upside. The only other possible rational choice would have been LTC or XMR. XMR we already have. LTC's chart looks like it is not quite sure what it wants to do.

Also the BTC is not mine, so the more BTC I consume, the more premine I have to give to the angel investor. I am trying to keep the costs down.

I already live in a 3rd world country. My expenses are pretty low, but I mean I am age 52 with two kids. I can't deny certain basic expenses and I have also been paying for health care which I desperately needed.

You know teenage kids also seem to get themselves in trouble often, and that causes expenses. I've already minimized all.

Etc.

Sorry I just can't move to Africa and abandon all of my responsibilities.


He was shilling for ETH before (https://bitcointalk.org/index.php?topic=1518508.0). He basically seems to like any blockchain which seems fundamentally revolutionary and important.

uh, no. ltc has pretty much done nothing for years. it's also kinda linked to bitcoin in a way ethereum never will be.

i don't really believe any crypto is a hedge for bitcoin imploding myself.

Yes but bitcoin will not implode. It will be drained of it's value. It will be interesting to know what whales will do. I think those that aren't miners will dump, and those that invested millions in farms may try to stop the flippening, while losing millions in the process. Some of them may lose everything.

Core and BU need to compromise to avoid a 51% attack but I don't know if they can put that cat back in the bag, given the outlandish statements made by key people in BU.

It really is hard to fathom how the former hardcore 21 million coin limit dudes are going to stomach a mining cartel which has every incentive to mine more than 21 million tokens.

I think the gravity of it all is just starting to hit the community in earnest today.

there is very definitely something abnormal with the BU thing compared to previous big block attempts.

the stuff they're coming out with smacks either of people who know something the rest of us don't yet, or they've simply gone a little crazy.

You got me thinking. China wants to stop capital exodus to prevent strong dollar, weak yuan, as this is causing trade war friction.

Could they been wanting to smash the entire crypto-currency sphere, or it is enough for them to train wreck Bitcoin alone.

Would exchange hacks be coming, and perhaps a 51% attack against other altcoins?

That BU Chinaman talked about how they could afford to rent the GPUs to attack Ethereum (which means they could attack Monero also).

Non-sustained difficulty attacks wouldn't be as effective on Ethereum because it has a fast readjustment and Vitalik could HF as necessary (although afaik difficulty attacks can still be effective on fast readjustment, just need to cycle the attack more frequently). Vitalik is bold and could I bet HF to DPoS rapidly if he needed to.

Which tokens are already PoS? Steem. Lisk.

Haven't really thought this out...

I think I understand what is going on now (https://bitcointalk.org/index.php?topic=1837136.msg18323609#msg18323609).