Bitcoin Forum

With the upcoming segwit drama events that can possibly split bitcoin shall I:

- Hedge bitcoin against Altcoins? If so which altcoins shall I choose?

- Hodl bitcoin?

- Sell bitcoin for Fiat?

I see currently red market for altcoins which is not good. Is this caused by bitcoin price going down or has the altcoin market bubble been popped? If it has been been popped then hedging bitcoin is not a correct choice right? Or will the upcoming bitcoin segwit drama events cause another altcoin bubble?

Another thread again asking for what will they do in the upcoming bitcoin drama.

Can we just make our own analyzation on what things we must do? There are already many responses about that so I think it's enough references to make our own decision. There are already number of people asking what is the accurate thing they must do in order to save their asses from this drama.

If you are afraid, then sell. If you believe, then go with the hold. Take the risks.

If Bitcoin gets hurt it's hard to believe that alts will benefit. imo if you have BTC either hodl or convert to fiat. Personally, hodling

I think you have a brain to do a better act rather than asking the silly question like this. You should go to the speculation thread for the correct place. I mean if the chain gets forked and sells your bitcoin. Or if you are still believing with bitcoin and just hold them to receive the clone bitcoin. Looks all of the people get panic caused by the bitcoin drama. Until the problem of bitcoin will be get resolved and there is a lot of speculation that could be supported those dumping the coin anytime. Don't take the drama seriously dude.

how about doing all 3.
it is a good choice too at this point. you diversify, sell some for getting the profit because bitcoin price is still very high compared to start of t his yaer ($1000) and by diversifying into altcoins you can gain some more profit.
my choice is litecoin for this case. it has activated SegWit and it is also adding a lot more with the lightning network, the atomic swap, ... and the price is very solid at the moment. because where others are falling LTC is staying up and even rising.

If you truly believe in Bitcoin, just sit tight. Hold both forks and wait it out.
In another 6 months or so, you will have a clear winner.

the first rule is always to invest what you can afford to lose. and if you have already done that then there is no reason to ask this here. just keep your investment.
and "hedging" against altcoins is not that good a idea in my opinion. it is best if you just use altcoins to earn profit short term. although a couple of them may be  better choices.

it is  hard to say.
the recent massive pump of altcoins was because of bitcoin's troubles but the thing is you can not use the same thing twice this soon. right now there are so many wounded newbies lying in the streets, bloody :D
And they won't just come back and invest in the pumps this soon.

I would say consider all three options. However, it is quite clear that hodling is the most reliable way to not lose in the long run. Trading is difficult and takes tons of studying, focus and some luck to make money with. Selling Bitcoin is practically the opposite of hodling, as it lowers demand and increases supply, which drops the price in the end. It really comes down to your intentions... are you looking for a way to take risk and get more BTC, or simply want a safe way to invest them? If you are into taking risks, try your hand at trading. Otherwise stick to hodling. If you just want to cash out, then sell now because the bubble is already popped.

Do your own freakin research. If we knew exactly what would happen, then we would be freakin multimillionaires already. Hold if you're a true cryptocurrency enthusiast and you think that it will rise back up anyway in the future. Sell if you're panicking and you think it will crash hard. Exchange your bitcoins for other altcoins/cryptocurrencies if you think they wouldn't crash with bitcoin.

Try to hodl some and sell some. Well we need to hodl it for our future but if you really need the money as in now, then withdraw your money. But it is okay also if you hodl it for the next years to pass and look at the price of it in the next years. But it is your choice in everything.

it depends on how much money you have invested in bitcoin!
for example if you have invested your whole life savings in bitcoin then the third option is a must do.
but if it is a smaller amount that you can handle and afford to lose then your options become wider.

right now i can't see any altcoin that is good to hedge against. they are known to fall when bitcoin goes down which means even bigger loss!

i see someone suggesting litecoin, it is a good option but i would wait a little until it bottoms out and then invest in it to increase my chances of making an even bigger profit.

We can't be sure what will happened after the segwit, there are so many speculation but most of them are positive speculation, and I believe there will be positive outcome from the segwit so I choose to hold Bitcoin, but I need to admit the price is dropping when it get nearer to August, but I believe it will get better after the segwit

1. Hedging is only recommended if you have adequate knowledge about how markets work, how to read charts, and generally experience plays a large factor. In other words, you don't want to jump in betting the house. Start with a tiny amount that you can afford to lose. When you feel comfortable trading a larger sum, then increase slowly.

2. "HODLing" is by far the safest way to save and/or appreciate Bitcoin. Those who have "HODLed" since 2013 have seen a 3,000% increase on their investment. Not bad, if you ask me...

3. It is never a good idea to put all your eggs in one basket. If you currently have too much invested in Bitcoin, consider selling some to even out your portfolio.

- if you are ok with getting dumped on while the bubbles burst then invest in altcoins and hedge against them !
- if you are ok with the risk of a possible price drop then HODL bitcoin
- if you are ok with the risk of missing out on the possible price rise then sell bitcoin for fiat!

you see it is not possible to predict the future. none of us know at this point. things can go very differently come the August 1st. by that date we may see SegWit finally be activated and price goes up very fast and big time.

remember the Litecoin drama about activation of SegWit? if not let me do a quick reminder:
- the support grew at first, then everyone started tweeting we are having second thoughts (f2pool for example)
- then new hashrate showed up and went against SegWit
- price dropped hard and everyone gave up hope and sold their coins and there were talk of UASF LTC
- then support for SegWit went to 100% and it was activated
- price went to the moon and it is still up there.

Hedge Bitcoin WITH altcoins. Specifically, Litecoin.

What do you mean you "see currently red market for altcoins"...do you mean the prices have been going down? If you think the altcoin market is in a bubble and you also believe it has popped then altcoins would be a good hedge for bitcoin, because they've come down in price (hence the mention of the pop).

Most altcoins are worthless, rubbish, don't bother with them. If you want to get into altcoins look at Litecoin and/or Ethereum (not really a currency, but investment-wise it'll serve the same relatively safe haven).

How much BTC are you working with?

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What? If you are investing in altcoins you are not hedging against them. Please get the principles correct or do not discuss them, confusing the concepts helps no one.

+I agree that holding is good if you plan for long term. Also for me you can also sell for the half and hold the other half. If the price goes down, then you can buy the again at lower price using that proceeds.

you are here for the long term? just hold, you really think segwit will kill "again" bitcoin

if you want to be pump and dumper as many other, dump and buy back for cheap

forgets altcoin for now they are more in trouble than bitcoin, everythign is in red

Hey, my strategy will be to buy when other people panic and to Hodl until the storm has past. There will be a lot of uncertainty in the coming weeks and a lot of people will panic and sell their coins and this will flood the markets with cheaper coins. Once the winds have calmed down and most people realize that it was not as bad as everyone was thinking, then it would be too late to buy cheap coins, because everyone will want to jump back in. ^smile^

hedging against something doesn't eliminate the risks in case of a disaster like the big dumps altcoins have. it just reduces them.
and this means the result of simply investing in altcoins or hedging against them will be the same.

my understanding of hedging is that you use derivatives so that a loss in one investment is offset by a gain in a derivative. but when the derivative itself is also dropping and it is dropping even harder your are just adding additional expense to your strategy.

id say hodl and the rest buy cheap alts

First of all change the title word hold, then do as the word says just hold your coins, nothing shall happen to them, as far the alts are concerned no clue why they are down or in other words don't really care about them, I have always said to people to stay away from them. As for Bitcoin spilt the current environment says there would be no spilt as of such, so that's a wait and watch event. Then again the prices of Bitcoin are volatile, but I am sure they will bounce up very soon.

I believe some people/groups are making everything possible so that people sell their Bitcoin before the end of the summer. So those same people/groups can buy with a lower price compared to what he will be very soon. After the summer will be gone, there are lot people who are going to regret selling their coins

Im getting 2 different responses on the current Altcoins market:

- Alt Market going down because bitcoin Market going down

- Altcoin bubble has been popped and hence market is going down

Only 1 statement above can be true so which one is correct? This will help on my decision whether to hedge against altcoins. Regarding litecoin, is it a good hedge? Its chart looks like its in a bubble or does segwit really justifies its current price? Is there any other good altcoins that can be used for hedging?

Also what caused the altcoin bubble in the 1st place? Alot of Ethereum ICO's or Rojer Ver march drama of Bitcoin unlimited?


Still 2-3 weeks left until August 1st. The price of bitcoin could fall another $800-1000 in that huge amount of time so is HODL wise?


What is everybody stance?

If you are confuse right now why don't you just divide it hold some,sell some and invest some in alt coin,
And for Hedging your bitcoin it's really up to you don't want to give a wrong coin to invest in.

I thought this was a good article on the issue of Bitcoin and why I am HODL: https://themerkle.com/what-exactly-is-happening-to-bitcoin-on-august-1st/

If you're not afraid of keeping some money on exchanges you could short. In the last 3 weeks there were some great opportunities because the market keeps going up and down in the same range. So it's buy at $2300, sell at $2500 and repeat.
You could also sell and wait because there's a possibility we'll fall to around $2000 before August.

If you don't want to trade, just hold. Even if it drops to sub $2000, with segwit active we'll break $3000 with ease.

I think hedging with FIAT throughout July/August is not bad, it is probably the least volatile decision.

You may go for Ethereum bro but I don't see Bitcoin dumping. If it does, it will rise back up quickly.
Ethereum will most likely trade above 400 with that period.

Isnt there all that controversy with Ethereum and ICO's at the moment?

If you believe in bitcoin and think the upgrade will go smoothly, hold or buy more. If you don't, sell and wait. I wouldn't turn to altcoins if I were negative about bitcoin, because it shapes the whole crypto market. If anything goes wrong and it crashes, altcoins will follow, at least for a while, which will give you time to decide.

Purchase when other individuals freeze and to Hold until the point that the tempest has passed. There will be a great deal of instability in the coming weeks and many individuals will frenzy and offer their coins and this will surge the business sectors with less expensive coins. Once the winds have quieted down and a great many people understand that it was not as awful as everybody was considering, at that point, it would be past the point where it is possible to purchase shoddy coins

I have two choice for this upcoming segwit.

First
I decided to sell some of my bitcoins for fiat, just to make sure that whatever will happen I've got enough already.

Next,


As usual it's always a need for us to hold bitcoin.

Just do what makes you think right. In the end of the day it's all your decision to do it. Better analyze and do some research. Well as for me, I'll do only those two. I'll take the risk and after all its my responsible.