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Title: hedging BTC with LTC/alts? Post by: adpinbr on May 04, 2013, 02:28:12 AM I was successful at day trading but recently aborted that in order to adopt litecoin. I though of it as a hedge, the reasoning was that i feel the BTC/LTC ratio will only get smaller, and therefore i reduce my risk by putting my money in litecoin. It worked to, my losses on bit coin were compensated by the rise in litecoin. currently I don't day trade litecoin cause I'm afraid ill be out when it goes into gox, but i might reconsider my position due to recent events. anyways IMO this is the safest and most logical course of action. Just wanted to know if anyone else here agrees
Title: Re: hedging BTC with LTC/alts? Post by: Caesar V on May 04, 2013, 02:32:33 AM I agree 100% with you, I've also recently had the fortune to witness the birth of https://beta.kraken.com/
and now I'm pretty certain that the reign of GOX and their control of the market is coming to a well deserved end. ;) Title: Re: hedging BTC with LTC/alts? Post by: markm on May 04, 2013, 03:27:05 AM Oh yeah for sure, King Arthur, King of the Britons running an exchange, what's not to trust?
-MarkM- |