BTC around 600$ - Is time to Hedge

[nejibens]

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

That's right, it's the opportunity nowadays to buy as much as we can of Bitcoins and hold it, because the price will going up sooner or later

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[prtty2gal2]

I would like suggest trading bots are better version of doing hedging, rather then spending small coins to keep your losses minimum, why not use a trade bot like C.A.T. and make the fall of price on bitcoin or rise of price on bitcoin your bread and butter?
Much easier and logical to be honest.

[outatime1]

I also hedge when trading. It gives me leverage because if I'm buying, I don't know if the price has hit bottom or if will drop more.

[MatTheCat]

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

yeah, but look at the date and time of the OP.

I would say the OP made a fucking cracking call.....take heed of this guy.

[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

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

not if he dump, which would cause what happened to the market

[manicminer]

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  

Though the OP is selling something, would you be able to explain this hedging strategy to me like to a 5-year old? I'm interested in bitcoin hedging strategies in general. Wrong thread?

[deisik]

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 

Though the OP is selling something, would you be able to explain this hedging strategy to me like to a 5-year old? I'm interested in bitcoin hedging strategies in general. Wrong thread?

Well, I read this thread back then (yes, I did read it), and I admit that I didn't quite understand it either. If I don't understand some trading strategy and I don't feel like there is something in it, it's usually bullshit and not worth time getting the hang of it. I know it is a harsh approach but it saves time and money if you are going to use it blindly (which is evidently a big no-no). Now I looked deeper into it, and in this case, if you want to preserve the fiat value of your bitcoins, it seems that you would be by far better off by just selling all your bitcoins at 600 dollars per coin (and buying back at 500 dollars). If Bitcoin rises with an open 5x20 BTC short position (which is equal to profits and losses for 100 BTC), this position will cause you net loss which will eat profits earned by 80 BTC appreciating that you still have since 100 > 80...

And don't forget interest paid on borrowed coins

[FrannWilder]

Bitcoin around the 600 dollar will not happen again I think that it will stay stable on this price that it is right now honestly...

[Pwerd]

Bitcoin around the 600 dollar will not happen again I think that it will stay stable on this price that it is right now honestly...

I also do not think that it will stay like this it can either crash more or will only get more pumped and  that would mean that the price would go to a higher amount anytime soon.

[Kaller]

Bitcoin around the 600 dollar will not happen again I think that it will stay stable on this price that it is right now honestly...

I think the bottom could be around $800 to $900 in the short term.