With BTC/BU fork around the corner, what would be a good hedge?

[konner]

With Bitcoin BU getting more and more support from miners lately, I'm looking for good coins to hedge against the uncertainty of a hard fork. Any suggestions for coins that qualify?

I'm not interested in the next big altcoin hype or amazing new technology. Just a safe place to see the fork play out. I guess I'd prefer a coin that has a proven trackrecord and is pegged into the ecosystem for a while. Coins like LTC or Doge seem interesting, but there are probably better candidates out there. I would prefer a coin that enables me to trade in direct pairs though. ETH is an option as well, but that one seems a bit too much pumped lately.

Thanks for your suggestions!

[mining1]

If you don't wanna lose value then USDT. But you will neither gain anything. Also take 30min-1h and read ethereum's reddit.

[konner]

If you don't wanna lose value then USDT. But you will neither gain anything. Also take 30min-1h and read ethereum's reddit.

I stepped into BTC to get out of fiat, so not likely I'll go back that same route  I read loads on ETH already, like I said, it's a candidate, but also not priced right at the moment I think.

[NeuroticFish]

With Bitcoin BU getting more and more support from miners lately, I'm looking for good coins to hedge against the uncertainty of a hard fork. Any suggestions for coins that qualify?

Imho the best coin for your problem is Bitcoin. Yes, I mean that you should not buy altcoins if you don't really want to.
If the hardfork will happen at all, you will end up with BTC + BU (if your money is in a local/proper wallet).
Whether the hardfork will happen or not, the "winning" coin will come back to this value and even higher.
Whether the hardfork will happen or not, the altcoins market has a lot of uncertainty too, since they are bought for Bitcoin too.

Disclaimer: While this is my personal opinion, the decision is yours, so don't ask me for refunds if your decisions were wrong. Also you should not make investment decisions based on random people's ideas over the internet.

[konner]

With Bitcoin BU getting more and more support from miners lately, I'm looking for good coins to hedge against the uncertainty of a hard fork. Any suggestions for coins that qualify?

Imho the best coin for your problem is Bitcoin. Yes, I mean that you should not buy altcoins if you don't really want to.
If the hardfork will happen at all, you will end up with BTC + BU (if your money is in a local/proper wallet).
Whether the hardfork will happen or not, the "winning" coin will come back to this value and even higher.
Whether the hardfork will happen or not, the altcoins market has a lot of uncertainty too, since they are bought for Bitcoin too.

Disclaimer: While this is my personal opinion, the decision is yours, so don't ask me for refunds if your decisions were wrong. Also you should not make investment decisions based on random people's ideas over the internet.

Thanks, that's an insight we share I guess. Still I like to have a plan B if things get nasty (which always happens in crypto when major volume is involved). There for sure will come a negative trend that first puts both sides down. The uncertainty of which one will win, might even bring the total down to early 2013 levels. In that case I would have liked to have a hedging coin that is solid enough to be standing more on its own rather than to be pegged into any BTC pair.

[mindrust]

It depends on how much trust you have in bitcoin system. The best hedge you can do is staying as %50 Fiat - %50 BTC i would say.

You will lose your chances to exchange half of your BTU's  for BTC's but you can still have more coins if bitcoin loses value over fiat and that's much likely.

However there is still a slim chance for bitcoin to have no value loss. In this case, you will be having a loss because you are holding FIAT.

[conspirosphere.tk]

I'm buying some LTC lately. No nonsense, no tricks, no b/s coin. Very well known, liquid (always been in the top 10 by volume), much mined and much undervalued (now still close to an all time bottom in price).
It solved the spam attacks very logically years ago.
It seems to me what BTC should have been.

[konner]

I'm buying some LTC lately. No nonsense, no tricks, no b/s coin. Very well known, liquid (always been in the top 10 by volume), much mined and much undervalued (now still close to an all time bottom in price).
It solved the spam attacks very logically years ago.
It seems to me what BTC should have been.

I agree with you on this. I bought in on LTC @ $ 2 and even after all the BS and disappointments it's still there at a reasonably rate. I might hedge 10-20% into that one.

[konner]

It depends on how much trust you have in bitcoin system. The best hedge you can do is staying as %50 Fiat - %50 BTC i would say.

You will lose your chances to exchange half of your BTU's  for BTC's but you can still have more coins if bitcoin loses value over fiat and that's much likely.

However there is still a slim chance for bitcoin to have no value loss. In this case, you will be having a loss because you are holding FIAT.

Yeah, I just don't ever want to go back into fiat with my current crypto holdings. I still make fiat money "IRL" thats more than enough to get by. Crypto's are my retirement fund so to say

[benthach]

With Bitcoin BU getting more and more support from miners lately, I'm looking for good coins to hedge against the uncertainty of a hard fork. Any suggestions for coins that qualify?

I'm not interested in the next big altcoin hype or amazing new technology. Just a safe place to see the fork play out. I guess I'd prefer a coin that has a proven trackrecord and is pegged into the ecosystem for a while. Coins like LTC or Doge seem interesting, but there are probably better candidates out there. I would prefer a coin that enables me to trade in direct pairs though. ETH is an option as well, but that one seems a bit too much pumped lately.

Thanks for your suggestions!

if bitcoin fork and you have the bitcoin in your wallet then you would have both original bitcoin core and bitcoin unlimited.
your 1 bitcoin now became 2, it's a win win. the price will pump up again after everything is settled down.

[mining1]

@konner i meant the crypto usdt. It's pegged to dollar value.

[konner]

@konner i meant the crypto usdt. It's pegged to dollar value.

Ah, ok, sorry

[konner]

With Bitcoin BU getting more and more support from miners lately, I'm looking for good coins to hedge against the uncertainty of a hard fork. Any suggestions for coins that qualify?

I'm not interested in the next big altcoin hype or amazing new technology. Just a safe place to see the fork play out. I guess I'd prefer a coin that has a proven trackrecord and is pegged into the ecosystem for a while. Coins like LTC or Doge seem interesting, but there are probably better candidates out there. I would prefer a coin that enables me to trade in direct pairs though. ETH is an option as well, but that one seems a bit too much pumped lately.

Thanks for your suggestions!

if bitcoin fork and you have the bitcoin in your wallet then you would have both original bitcoin core and bitcoin unlimited.
your 1 bitcoin now became 2, it's a win win. the price will pump up again after everything is settled down.

Sure, I get that. But if I hedge into another asset that is not affected by both and stays @ relative $ 1k per BTC/BU, I can make 2 out of 1 BTC @ fork and then 10 out of 2 if they both drop to $200. That's what I'm talking about.

[Ayers]

With Bitcoin BU getting more and more support from miners lately, I'm looking for good coins to hedge against the uncertainty of a hard fork. Any suggestions for coins that qualify?

I'm not interested in the next big altcoin hype or amazing new technology. Just a safe place to see the fork play out. I guess I'd prefer a coin that has a proven trackrecord and is pegged into the ecosystem for a while. Coins like LTC or Doge seem interesting, but there are probably better candidates out there. I would prefer a coin that enables me to trade in direct pairs though. ETH is an option as well, but that one seems a bit too much pumped lately.

Thanks for your suggestions!

better to not dumpe because of fud, keep yuor coins, BU will not make your coins cheaper, and even so this si a good way to buy more, but the value will plausibly increase more after the initial rush for the dump, i see this thing many times and trust me it will recover eventually, and lol at choosing ltc or doge, they are bad coin 100% pump and dump without a future, but i can agree more on etheruem though

[iamnotback]

ETH is an option as well, but that one seems a bit too much pumped lately.

The chart looks like possibly $200 coming (nothing is guaranteed of course). The pump had only just begun from ~$20 level.

Also there are apparently a lot of development announcements coming and ongoing. A lot of activity at this time. Many ICOs announced. Raiden LN prototype almost complete. Metro upgrade coming, etc.

Some smaller caps might pump more though.

[gigq]

If you don't wanna lose value then USDT. But you will neither gain anything. Also take 30min-1h and read ethereum's reddit.

Agreed that USD is probably your best hedge against the value of bitcoin falling from an oncoming fork. I'd predict that once this is behind us the increase in price will continue but right now there is no reason for the price to keep going up until we get the fork/segwit behind us.

[conspirosphere.tk]

a decent hedge is gold. Find where to trade physical gold for btc back and forth in my sig.

[gigq]

ETH is an option as well, but that one seems a bit too much pumped lately.

The chart looks like possibly $200 coming (nothing is guaranteed of course). The pump had only just begun from ~$20 level.

Also there are apparently a lot of development announcements coming and ongoing. A lot of activity at this time. Many ICOs announced. Raiden LN prototype almost complete. Metro upgrade coming, etc.

Some smaller caps might pump more though.

If the price of ether goes to $200 doesn't it get kinda ridiculous to actually use the network for some use cases. For example this project used to cost about $0.02 to send a tweet, https://github.com/yep/eth-tweet, but now is about $0.20, and would be $0.80 if the price hits $200.

I know it's possible for them to change the default gas price and miners can accept lower prices, but it seems like some use cases for the network just stop making sense as the price goes up.

[BitcoinNational]

Zero Inflation : SHA256 AuxPow : BasePair : Store of Value
Deal with it ^TM

[isskor]

I'm buying some LTC lately. No nonsense, no tricks, no b/s coin. Very well known, liquid (always been in the top 10 by volume), much mined and much undervalued (now still close to an all time bottom in price).
It solved the spam attacks very logically years ago.
It seems to me what BTC should have been.

BTC is the gold, LTC the silver. When gold fails go to silver