Hedging BTC with LTC/alts?

[bitcoiners]

I am buying mainly Litecoin for now until they are put on MtGox...I will sell when they are 10x more valueable than what I paid for them. I doubt it will take long with all of the trade going on MtGox, even if a tiny portion decides to dabble.

The longer it takes for MtGox to start trading it, the more I can buy.

Thumbs up to you!

[Stunna]

Hedging with LTC/Alts is certainly a wise strategy. If bitcoin doesn't flourish it has become very clear that some alt currency will.

[Pruden]

It's funny, because they are all crashing as I speak (LTC somewhat less so). Their value is diluted every time one is featured in an exchange.

[jago25_98]

A better hedge would surely be buying gold. Of course the problem is that it's inconvienient.