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Bitcoin Forum > Economy > Economics > Speculation > Hedging BTC with LTC/alts?
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bitcoiners
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May 06, 2013, 03:16:36 AM
 #21
Quote from: Elwar on May 06, 2013, 02:43:49 AM
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!
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May 06, 2013, 09:37:25 AM
 #22
Hedging with LTC/Alts is certainly a wise strategy. If bitcoin doesn't flourish it has become very clear that some alt currency will.
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May 06, 2013, 09:39:59 AM
 #23
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.
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May 06, 2013, 09:57:47 AM
 #24
A better hedge would surely be buying gold. Of course the problem is that it's inconvienient.
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