Hedge, Hodl or Sell Bitcoins?

[very_452001]

With the upcoming segwit drama events that can possibly split bitcoin shall I:

- Hedge bitcoin against Altcoins? If so which altcoins shall I choose?

- Hodl bitcoin?

- Sell bitcoin for Fiat?

I see currently red market for altcoins which is not good. Is this caused by bitcoin price going down or has the altcoin market bubble been popped? If it has been been popped then hedging bitcoin is not a correct choice right? Or will the upcoming bitcoin segwit drama events cause another altcoin bubble?

[goinmerry]

Another thread again asking for what will they do in the upcoming bitcoin drama.

Can we just make our own analyzation on what things we must do? There are already many responses about that so I think it's enough references to make our own decision. There are already number of people asking what is the accurate thing they must do in order to save their asses from this drama.

If you are afraid, then sell. If you believe, then go with the hold. Take the risks.

[ranreichman]

If Bitcoin gets hurt it's hard to believe that alts will benefit. imo if you have BTC either hodl or convert to fiat. Personally, hodling

[shinratensei_]

With the upcoming segwit drama events that can possibly split bitcoin shall I:

- Hedge bitcoin against Altcoins? If so which altcoins shall I choose?

- Hodl bitcoin?

- Sell bitcoin for Fiat?

I see currently red market for altcoins which is not good. Is this caused by bitcoin price going down or has the altcoin market bubble been popped? If it has been been popped then hedging bitcoin is not a correct choice right? Or will the upcoming bitcoin segwit drama events cause another altcoin bubble?

I think you have a brain to do a better act rather than asking the silly question like this. You should go to the speculation thread for the correct place. I mean if the chain gets forked and sells your bitcoin. Or if you are still believing with bitcoin and just hold them to receive the clone bitcoin. Looks all of the people get panic caused by the bitcoin drama. Until the problem of bitcoin will be get resolved and there is a lot of speculation that could be supported those dumping the coin anytime. Don't take the drama seriously dude.

[RoommateAgreement]

how about doing all 3.
it is a good choice too at this point. you diversify, sell some for getting the profit because bitcoin price is still very high compared to start of t his yaer ($1000) and by diversifying into altcoins you can gain some more profit.
my choice is litecoin for this case. it has activated SegWit and it is also adding a lot more with the lightning network, the atomic swap, ... and the price is very solid at the moment. because where others are falling LTC is staying up and even rising.

[panju1]

With the upcoming segwit drama events that can possibly split bitcoin shall I:

- Hedge bitcoin against Altcoins? If so which altcoins shall I choose?

- Hodl bitcoin?

- Sell bitcoin for Fiat?

I see currently red market for altcoins which is not good. Is this caused by bitcoin price going down or has the altcoin market bubble been popped? If it has been been popped then hedging bitcoin is not a correct choice right? Or will the upcoming bitcoin segwit drama events cause another altcoin bubble?

If you truly believe in Bitcoin, just sit tight. Hold both forks and wait it out.
In another 6 months or so, you will have a clear winner.

[Pursuer]

- Hedge bitcoin against Altcoins? If so which altcoins shall I choose?
- Hodl bitcoin?
- Sell bitcoin for Fiat?

the first rule is always to invest what you can afford to lose. and if you have already done that then there is no reason to ask this here. just keep your investment.
and "hedging" against altcoins is not that good a idea in my opinion. it is best if you just use altcoins to earn profit short term. although a couple of them may be  better choices.

I see currently red market for altcoins which is not good. Is this caused by bitcoin price going down or has the altcoin market bubble been popped? If it has been been popped then hedging bitcoin is not a correct choice right? Or will the upcoming bitcoin segwit drama events cause another altcoin bubble?

it is  hard to say.
the recent massive pump of altcoins was because of bitcoin's troubles but the thing is you can not use the same thing twice this soon. right now there are so many wounded newbies lying in the streets, bloody
And they won't just come back and invest in the pumps this soon.

[RedditMaster]

With the upcoming segwit drama events that can possibly split bitcoin shall I:

- Hedge bitcoin against Altcoins? If so which altcoins shall I choose?

- Hodl bitcoin?

- Sell bitcoin for Fiat?

I see currently red market for altcoins which is not good. Is this caused by bitcoin price going down or has the altcoin market bubble been popped? If it has been been popped then hedging bitcoin is not a correct choice right? Or will the upcoming bitcoin segwit drama events cause another altcoin bubble?

I would say consider all three options. However, it is quite clear that hodling is the most reliable way to not lose in the long run. Trading is difficult and takes tons of studying, focus and some luck to make money with. Selling Bitcoin is practically the opposite of hodling, as it lowers demand and increases supply, which drops the price in the end. It really comes down to your intentions... are you looking for a way to take risk and get more BTC, or simply want a safe way to invest them? If you are into taking risks, try your hand at trading. Otherwise stick to hodling. If you just want to cash out, then sell now because the bubble is already popped.

[mk4]

Do your own freakin research. If we knew exactly what would happen, then we would be freakin multimillionaires already. Hold if you're a true cryptocurrency enthusiast and you think that it will rise back up anyway in the future. Sell if you're panicking and you think it will crash hard. Exchange your bitcoins for other altcoins/cryptocurrencies if you think they wouldn't crash with bitcoin.

[spadormie]

Try to hodl some and sell some. Well we need to hodl it for our future but if you really need the money as in now, then withdraw your money. But it is okay also if you hodl it for the next years to pass and look at the price of it in the next years. But it is your choice in everything.

[BrewMaster]

it depends on how much money you have invested in bitcoin!
for example if you have invested your whole life savings in bitcoin then the third option is a must do.
but if it is a smaller amount that you can handle and afford to lose then your options become wider.

right now i can't see any altcoin that is good to hedge against. they are known to fall when bitcoin goes down which means even bigger loss!

i see someone suggesting litecoin, it is a good option but i would wait a little until it bottoms out and then invest in it to increase my chances of making an even bigger profit.

[xuan87]

We can't be sure what will happened after the segwit, there are so many speculation but most of them are positive speculation, and I believe there will be positive outcome from the segwit so I choose to hold Bitcoin, but I need to admit the price is dropping when it get nearer to August, but I believe it will get better after the segwit

[BitcoinBallerina]

1. Hedging is only recommended if you have adequate knowledge about how markets work, how to read charts, and generally experience plays a large factor. In other words, you don't want to jump in betting the house. Start with a tiny amount that you can afford to lose. When you feel comfortable trading a larger sum, then increase slowly.

2. "HODLing" is by far the safest way to save and/or appreciate Bitcoin. Those who have "HODLed" since 2013 have seen a 3,000% increase on their investment. Not bad, if you ask me...

3. It is never a good idea to put all your eggs in one basket. If you currently have too much invested in Bitcoin, consider selling some to even out your portfolio.

[Herbert2020]

- Hedge bitcoin against Altcoins? If so which altcoins shall I choose?

- Hodl bitcoin?

- Sell bitcoin for Fiat?

- if you are ok with getting dumped on while the bubbles burst then invest in altcoins and hedge against them !
- if you are ok with the risk of a possible price drop then HODL bitcoin
- if you are ok with the risk of missing out on the possible price rise then sell bitcoin for fiat!

you see it is not possible to predict the future. none of us know at this point. things can go very differently come the August 1st. by that date we may see SegWit finally be activated and price goes up very fast and big time.

remember the Litecoin drama about activation of SegWit? if not let me do a quick reminder:
- the support grew at first, then everyone started tweeting we are having second thoughts (f2pool for example)
- then new hashrate showed up and went against SegWit
- price dropped hard and everyone gave up hope and sold their coins and there were talk of UASF LTC
- then support for SegWit went to 100% and it was activated
- price went to the moon and it is still up there.

[HabBear]

With the upcoming segwit drama events that can possibly split bitcoin shall I:

- Hedge bitcoin against Altcoins? If so which altcoins shall I choose?

I see currently red market for altcoins which is not good. Is this caused by bitcoin price going down or has the altcoin market bubble been popped? If it has been been popped then hedging bitcoin is not a correct choice right? Or will the upcoming bitcoin segwit drama events cause another altcoin bubble?

Hedge Bitcoin WITH altcoins. Specifically, Litecoin.

What do you mean you "see currently red market for altcoins"...do you mean the prices have been going down? If you think the altcoin market is in a bubble and you also believe it has popped then altcoins would be a good hedge for bitcoin, because they've come down in price (hence the mention of the pop).

Most altcoins are worthless, rubbish, don't bother with them. If you want to get into altcoins look at Litecoin and/or Ethereum (not really a currency, but investment-wise it'll serve the same relatively safe haven).

How much BTC are you working with?

- if you are ok with getting dumped on while the bubbles burst then invest in altcoins and hedge against them !

What? If you are investing in altcoins you are not hedging against them. Please get the principles correct or do not discuss them, confusing the concepts helps no one.

[Renji Abarai]

+I agree that holding is good if you plan for long term. Also for me you can also sell for the half and hold the other half. If the price goes down, then you can buy the again at lower price using that proceeds.

[Amph]

you are here for the long term? just hold, you really think segwit will kill "again" bitcoin

if you want to be pump and dumper as many other, dump and buy back for cheap

forgets altcoin for now they are more in trouble than bitcoin, everythign is in red

[Kakmakr]

Hey, my strategy will be to buy when other people panic and to Hodl until the storm has past. There will be a lot of uncertainty in the coming weeks and a lot of people will panic and sell their coins and this will flood the markets with cheaper coins. Once the winds have calmed down and most people realize that it was not as bad as everyone was thinking, then it would be too late to buy cheap coins, because everyone will want to jump back in. ^smile^

[Herbert2020]

- if you are ok with getting dumped on while the bubbles burst then invest in altcoins and hedge against them !

What? If you are investing in altcoins you are not hedging against them. Please get the principles correct or do not discuss them, confusing the concepts helps no one.

hedging against something doesn't eliminate the risks in case of a disaster like the big dumps altcoins have. it just reduces them.
and this means the result of simply investing in altcoins or hedging against them will be the same.

my understanding of hedging is that you use derivatives so that a loss in one investment is offset by a gain in a derivative. but when the derivative itself is also dropping and it is dropping even harder your are just adding additional expense to your strategy.

The Downside

Every hedge has a cost, so before you decide to use hedging, you must ask yourself if the benefits received from it justify the expense. Remember, the goal of hedging isn't to make money but to protect from losses. The cost of the hedge - whether it is the cost of an option or lost profits from being on the wrong side of a futures contract - cannot be avoided. This is the price you have to pay to avoid uncertainty.

[AiWanChu]

id say hodl and the rest buy cheap alts