BTC around 600$ - Is time to Hedge

[BiTiB.eu]

Hallo,

This morning BTC lost 600$ , and now move around this support. We suggest to hedge position (expecially if you are in profit yet).

Follow our sheme:

A) We suppose you have 100 BTC (bot work the same with 100.000 satoshi too   )
B) You would preserve FIAT value (so 60 k $)

What you need to do:

1) Sell 20 BTC (20% of your asset) and hold 80 BTC
2) Go short on leverage 5x using these 20 BTC
3) Take Profit on leverage position @ 500$ & Put Stop loss on Holding BTC @500 $ too
4) Stop Loss on Leverage position @660$

This is a simply Hedge position that preserve your BTC value at a cost of about 3 % (spread +  net loss)

But there are lot of hedge strategies: let us work for you, take a look on www.bitib.eu or PM me  

[Kaller]

The bitcoin price is around $592 now. I think the price has recovered from the Bitfinex hack and will rise again.

[Amph]

The bitcoin price is around $592 now. I think the price has recovered from the Bitfinex hack and will rise again.

not fully recovered, but as expected the 600 mark was very strong, and we are seeing a fast recover after that gigantic hack of 120k coin

before the dumping the market was ready to increase

[Kaller]

The bitcoin price is around $592 now. I think the price has recovered from the Bitfinex hack and will rise again.

not fully recovered, but as expected the 600 mark was very strong, and we are seeing a fast recover after that gigantic hack of 120k coin

before the dumping the market was ready to increase

The 120k bitcoin hack means the 120k bitcoin to be taken out of circulation. So it is something like holding.

[richardsNY]

The bitcoin price is around $592 now. I think the price has recovered from the Bitfinex hack and will rise again.

not fully recovered, but as expected the 600 mark was very strong, and we are seeing a fast recover after that gigantic hack of 120k coin

before the dumping the market was ready to increase

The 120k bitcoin hack means the 120k bitcoin to be taken out of circulation. So it is something like holding.

Don't get excited too quickly. If the coins will not get used any time soon, which I believe is the case, then they will get used at some point in the future. And that may be when the price is much higher than now. So in that aspect, the coins will cause even more damage to the market. Another very likely scenario is that the coins will get split into very small amounts and then mixed several times.

[The Sceptical Chymist]

OP, I wouldn't let you within 100 yards of my bitcoin, just as if you were a sex offender in a school zone.   Hedging strategies offered for sale here on this forum should raise eyebrows.   Being short on bitcoin using any of these exchanges is uber risky and I wouldn't trust some anonymous shmuck on the internet to do it.

[deisik]

The bitcoin price is around $592 now. I think the price has recovered from the Bitfinex hack and will rise again.

not fully recovered, but as expected the 600 mark was very strong, and we are seeing a fast recover after that gigantic hack of 120k coin

before the dumping the market was ready to increase

The 120k bitcoin hack means the 120k bitcoin to be taken out of circulation. So it is something like holding.

Don't get excited too quickly. If the coins will not get used any time soon, which I believe is the case, then they will get used at some point in the future. And that may be when the price is much higher than now. So in that aspect, the coins will cause even more damage to the market. Another very likely scenario is that the coins will get split into very small amounts and then mixed several times.

It depends on the sentiment reigning at the moment of the sale. If the market is high, it would swallow those 120K bitcoins without a hiccup...

And if the sentiment is low, the sale could crash the price indeed

[AndySt]

Nothing to worry because it happens not for the first time and the scale of the fall is not so great.

[Dank14]

I checked the bitcoin price, it's approximately $595.

I am holding my coins till it crosses $600.

[botany]

Why would you want to hedge when you might as well sell your coins now?
The only reason I can think of is that there may be tax implications of selling.

[deisik]

Why would you want to hedge when you might as well sell your coins now?
The only reason I can think of is that there may be tax implications of selling.

I guess this is more like an ad to attract attention, not an actual hedge serving any purpose beside raising interest

[Kevin77]

Why would you want to hedge when you might as well sell your coins now?
The only reason I can think of is that there may be tax implications of selling.

I guess this is more like an ad to attract attention, not an actual hedge serving any purpose beside raising interest

Yes, hedging is something that people think if the price is volatile and that is what bitcoin is , its volatile, I would understand whoever wants to hedge but you can do it yourself on many websites without using someone's deal, specially when they talk about 100 Bitcoin.

[BillyBobZorton]

Lol at margin trading it crypto. Leverage = putting yourself in an insanely risky situation where you can end up in debt. Price too unpredictable to fuck with that.

[Hellacopter]

I think the Bitcoin's price will increase a little bit this week . That's why i hold my coins , and it's also profitable for the long term holders because it's expected the price will rise by the end of this year

[deisik]

I think the Bitcoin's price will increase a little bit this week . That's why i hold my coins , and it's also profitable for the long term holders because it's expected the price will rise by the end of this year

You seem to have posted in the wrong thread mate, lol

[~Bitcoin~]

Actually market uptrend seem quite strong and i think we are heading towards 700$ again. However i think shorting at 700$ range will be good decision if price again reached that level.

[Nahl]

I checked the bitcoin price, it's approximately $595.

I am holding my coins till it crosses $600.

it's down again a bit and the current price approximately $585-$590 even though is not too far to reach $600 i think that's will very difficult and my predictions bitcoin price will a bit boring until this weekend and the price will stay at those price

[angryswamp]

I checked the bitcoin price, it's approximately $595.

I am holding my coins till it crosses $600.

i will hold till the new all time high will be reached, i hope it will make me good money

[DaddyMonsi]

I checked the bitcoin price, it's approximately $595.

I am holding my coins till it crosses $600.

i will hold till the new all time high will be reached, i hope it will make me good money

Hold your coins a long as you can and don't panic if there's a sudden drop of rate. When I started with Bitcoins last year I've seen Bitcoin rate droppped to as low as $200 but I also withnessed how it bounced back to $700 this year. So just get use to it, that's normal with Bitcoin.

[skysblu]

its time to buy a lot of bitcoins at the moment to make profit in the future