Bitcoin Forum

By shorting BTC to protect against the downside risk to your mining operation?

There is too many shorts already. So, I won't.

i had some shorts open when we entered the 400s again this time. closed everything ~ 430-450, though. too bad, hehe. i have a rule, no shorting in 400s. sticking to it. too risky. short squeeze will be epic when it happens -- though i think we may actually head to 340 first....

I bought into PPC on Monday last week because of http://www.nubits.com/ news. BTC went down and PPC went up, very good hedge. Tomorrow Nubits is publicly released, expect PPC to go even higher.

Yes I'm hedging by going full USD.

Maybe going back to BC when it is $250

Price already pumped, expect nice crash on the news.

I suppose you've never had even a single bitcoin in your portfolio.

if it crashes I'll simply buy more, but right now I have tripled my wealth that is stored in PPC.

current price of bitcoin are low
and hedging your buy orders at this price is a bit risky
but if you want to hedge your sell order then it can be a good idea

It's already factored in. You won't see crazy gains, you might even see losses if it's not what the investors expected.

I love PPC!!

This seems to me just to be another alt coin release...  I don't understand what is so special about Nubits..

I've moved a few percent of my BTC into Bitshares X.  Mainly I was drawn by their 'market peg' which so far seems to be working quite well, keeping bitUSD (one of their cryptoassets) pegged close to the USD.  I think cryptoassets such as bitUSD, bitGOLD, bitOIL, which track the real world price of these assets but have the utility of cryptocurrency, could be very popular in the future.  Also some of their DACs look right up my alley, the digital democracy and the music DAC look great.

But as with all alts/crypto startups it's even higher risk than bitcoin, so sprinkling small amounts in a few ventures is probably better than going all in on one.

Have you even looked at the all-time BTC/PPC chart? There's no better price to buy in than the 0.0015 - 0.0017 range. If it crashes down there I will gladly buy a shit load of more PPC and grow my stake.

http://s3.postimg.org/9erkcdkw3/ppc.png


It's not entirely Nubits! Read between the lines. The real big news is that PeerShares is finished and will be released. NuBits is just the first use case for PeerShares. PeerShares is the innovation I've been waiting for a year now and the reason why I bought into PPC so massively last year. If PPC goes to the Moon I will make shit load of profit by Proof of Stake mining.

Seeing as I have a large amount of PPC...

IF the wallet is encrypted can I still "Proof of shake" mine..?

I only half get the concept.. I could put about 700 PPC in one wallet if I wanted although all that PPC in one place makes me uneasy.

I tried it on NXT but it kept going on about how I didn't have enough NXT coins... :(.  I am currently POW mining PPC.

depends on which PPC wallet you use. the qt wallet needs a special command to enable stake minting.
for example:

starts stake minting, transactions still require password every time