Hedge, Hodl or Sell Bitcoins?

[Juggy777]

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?

First of all change the title word hold, then do as the word says just hold your coins, nothing shall happen to them, as far the alts are concerned no clue why they are down or in other words don't really care about them, I have always said to people to stay away from them. As for Bitcoin spilt the current environment says there would be no spilt as of such, so that's a wait and watch event. Then again the prices of Bitcoin are volatile, but I am sure they will bounce up very soon.

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[LeGaulois]

I believe some people/groups are making everything possible so that people sell their Bitcoin before the end of the summer. So those same people/groups can buy with a lower price compared to what he will be very soon. After the summer will be gone, there are lot people who are going to regret selling their coins

[very_452001]

Im getting 2 different responses on the current Altcoins market:

- Alt Market going down because bitcoin Market going down

- Altcoin bubble has been popped and hence market is going down

Only 1 statement above can be true so which one is correct? This will help on my decision whether to hedge against altcoins. Regarding litecoin, is it a good hedge? Its chart looks like its in a bubble or does segwit really justifies its current price? Is there any other good altcoins that can be used for hedging?

Also what caused the altcoin bubble in the 1st place? Alot of Ethereum ICO's or Rojer Ver march drama of Bitcoin unlimited?


Still 2-3 weeks left until August 1st. The price of bitcoin could fall another $800-1000 in that huge amount of time so is HODL wise?


What is everybody stance?

[xSkylarx]

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 are confuse right now why don't you just divide it hold some,sell some and invest some in alt coin,
And for Hedging your bitcoin it's really up to you don't want to give a wrong coin to invest in.

[BitcoinUKmedia]

I thought this was a good article on the issue of Bitcoin and why I am HODL: https://themerkle.com/what-exactly-is-happening-to-bitcoin-on-august-1st/

[coolcoinz]

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're not afraid of keeping some money on exchanges you could short. In the last 3 weeks there were some great opportunities because the market keeps going up and down in the same range. So it's buy at $2300, sell at $2500 and repeat.
You could also sell and wait because there's a possibility we'll fall to around $2000 before August.

If you don't want to trade, just hold. Even if it drops to sub $2000, with segwit active we'll break $3000 with ease.

[CuriousInvestor]

I think hedging with FIAT throughout July/August is not bad, it is probably the least volatile decision.

[Ucy]

You may go for Ethereum bro but I don't see Bitcoin dumping. If it does, it will rise back up quickly.
Ethereum will most likely trade above 400 with that period.

[very_452001]

You may go for Ethereum bro but I don't see Bitcoin dumping. If it does, it will rise back up quickly.
Ethereum will most likely trade above 400 with that period.

Isnt there all that controversy with Ethereum and ICO's at the moment?

[darkangel11]

If you believe in bitcoin and think the upgrade will go smoothly, hold or buy more. If you don't, sell and wait. I wouldn't turn to altcoins if I were negative about bitcoin, because it shapes the whole crypto market. If anything goes wrong and it crashes, altcoins will follow, at least for a while, which will give you time to decide.

[A.H.Rassel]

Purchase when other individuals freeze and to Hold until the point that the tempest has passed. There will be a great deal of instability in the coming weeks and many individuals will frenzy and offer their coins and this will surge the business sectors with less expensive coins. Once the winds have quieted down and a great many people understand that it was not as awful as everybody was considering, at that point, it would be past the point where it is possible to purchase shoddy coins

[batang_bitcoin]

I have two choice for this upcoming segwit.

First

- Sell bitcoin for Fiat?

I decided to sell some of my bitcoins for fiat, just to make sure that whatever will happen I've got enough already.

Next,

- Hodl bitcoin?

As usual it's always a need for us to hold bitcoin.

[chocolah29]

Just do what makes you think right. In the end of the day it's all your decision to do it. Better analyze and do some research. Well as for me, I'll do only those two. I'll take the risk and after all its my responsible.