Insuring the crypto assets. Is it possible?

[wahyu wida]

i don't think it can be done at this time, we know that the regulation in my country doesn't exist yet, whereas to insure it, of course something must be approved by government, of course this is still difficult

[bajingluncat]

it seems impossible there is an institution that wants to become an insurance provider because it sounds stupid, the risk of loss is very high, there is no certainty and is less likely to benefit, crypto is not a real asset that is insurable, but if it is there then we can play in the market is more comfortable and always in a safe zone, it feels less exciting, right?

[EvilMilk]

i don't think it can be done at this time, we know that the regulation in my country doesn't exist yet, whereas to insure it, of course something must be approved by government, of course this is still difficult

yep, the whole crypto regulation should be the first step. after that we can speak about the insurance.

[QuiteRight]

i don't think it can be done at this time, we know that the regulation in my country doesn't exist yet, whereas to insure it, of course something must be approved by government, of course this is still difficult

yep, the whole crypto regulation should be the first step. after that we can speak about the insurance.

This is actually what's going on right now. Many people started to talk more about regulation on the governmental level. I'd say it's one of the reasons the market is so sad now.

[BitcoinForAll]

it seems impossible there is an institution that wants to become an insurance provider because it sounds stupid, the risk of loss is very high, there is no certainty and is less likely to benefit, crypto is not a real asset that is insurable, but if it is there then we can play in the market is more comfortable and always in a safe zone, it feels less exciting, right?

Right now we have right now is as you described, yes. But who knows, probably one day things will turn upside-down 

[BarbarianMainer]

Well, how much you lost on the "Bitcoin's Black Friday"?
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.

Nah, i don't think so. Who gonna take responsibility for all money? Exchanges? Definitely not the decentralized ones like ethermium and idex. Regular like Binance? Well, maybe. But if they got hacked they just apply for a bankruptcy and tha't all, folks.

It would be great if there's some indepedent bodies who'd provide some insurance options in case of hacking, bankrupting etc, isn't it? I mean, somebody who regulates the relations between the exchanges and the users.

That's possible if all people who trade would be fully identificated, and that's millions of people. I think, it's technically impossible to insure all this people

not everyone needs insurance, even if we speak about non-crypto cases. it'll become a great feature for those who really interested in safer holding

[MindControl1337]

Well, how much you lost on the "Bitcoin's Black Friday"?
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.

Nah, i don't think so. Who gonna take responsibility for all money? Exchanges? Definitely not the decentralized ones like ethermium and idex. Regular like Binance? Well, maybe. But if they got hacked they just apply for a bankruptcy and tha't all, folks.

This topical subject sounds interesting, so I did a small google research and found that
still trying to figure that one out, probably smb will understand it better.

yeah, it looks like what i meant. are they working with binance? huge if true

[bering]

Basically i'm still not loss because i still hold my bitcoin but never heard before if there is insuring for crypto asset on the particular countries even possibly our crypto asset will not be protected by law because in the some countries the legality of cryptocurrency is still questionable and i was highly doubt this is will happened

[buwaytress]

Of course there's insurance. But bear in mind you're insuring your actual assets in crypto/Bitcoin, not their dollar value. For example, storing it with a custodian service or using one of those licenced Japanese exchanges, qualifies you (in fact, if I'm not mistaken automatically puts you) for insurance on your funds deposited. You deposit 100 BTC, if anything happens to it, you get 100 BTC. That's it.

If it's insurance on price and market movement, you'll want to look at options markets. I have seen insurance services on price movements but none of them as I can recall are accredited, I wouldn't pay an insurer like that anything.

[Julunguul]

Well, how much you lost on the "Bitcoin's Black Friday"?
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.

I chose cutloss at several coin major a few days ago, because after seeing the candle pattern there was also no sign that later there will be a bull run that happened, so I chose to secure your assets, after all I did it because not every time to have to check market prices

[viananda2525]

i don't think it can be done at this time, we know that the regulation in my country doesn't exist yet, whereas to insure it, of course something must be approved by government, of course this is still difficult

i would not happen.insurance company didnt courage to cover the losses of their member although crypto market already regulated.moreover cryptocurrency price has high volatility.

[Shreek]

insurance to do the bitcoin hodl I think it must be difficult to use the service, because the price moves according to the market price, not because of the SCAM
but for insurance in investing in ICO, DeHedge was able to assist participants in securing their money from Scammers, namely BTC assets converted in the form of DeHedge Tokens, which are initials tokens for assets stored in the platform wallet,
maybe this scheme can be developed again, to be able to become an insurance platform for the cryptocurrency community

[Greenwinter]

Well, how much you lost on the "Bitcoin's Black Friday"?
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.

Nah, i don't think so. Who gonna take responsibility for all money? Exchanges? Definitely not the decentralized ones like ethermium and idex. Regular like Binance? Well, maybe. But if they got hacked they just apply for a bankruptcy and tha't all, folks.

This topical subject sounds interesting, so I did a small google research and found that
still trying to figure that one out, probably smb will understand it better.

yeah, it looks like what i meant. are they working with binance? huge if true

Well, they are. Working with Kraken and Bittrex too. Just don't wanna leave a direct link for it to look like an ad. If interested, go check it yourself.

[Bear_Cub]

The BTC's Black Friday hurt my funds significantly so i'm currently looking for new ways of saving the rest. Looking forward to hearing from experts out there. The thread must be of help.

[Bear_Cub]

Well, how much you lost on the "Bitcoin's Black Friday"?
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more?

insurance schemes, for protecting from market moves? no such thing. nobody provides that kind of insurance, especially in the crypto world. the only thing you can really do is hedge your holdings by shorting or selling. i hedge by selling futures contracts on bitmex with leverage---that way i can minimize the amount of funds deposited on exchanges.

exactly. no one will take responsibility of the market moves, so the ball's in your court. it sounds like you want to shift the responsibility onto somebody else tbh 

I can relate to this but only partially.  Being insured and taken care of some organization is always cool, esp if it has something to do with your money.

[Bear_Cub]

Well, how much you lost on the "Bitcoin's Black Friday"?
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.

Nah, i don't think so. Who gonna take responsibility for all money? Exchanges? Definitely not the decentralized ones like ethermium and idex. Regular like Binance? Well, maybe. But if they got hacked they just apply for a bankruptcy and tha't all, folks.

This topical subject sounds interesting, so I did a small google research and found that
still trying to figure that one out, probably smb will understand it better.

yeah, it looks like what i meant. are they working with binance? huge if true

Well, they are. Working with Kraken and Bittrex too. Just don't wanna leave a direct link for it to look like an ad. If interested, go check it yourself.

Thanks for sharing this service. I have never heard of it before though, will check and use it. This is a pity they don't have their own thread on the forum.

[TheUltraElite]

Well, how much you lost on the "Bitcoin's Black Friday"?

None. Because I dont follow these government propaganda of selling stuff at low prices on a rush of 3 days. Reasons being not privilaged to access them and also because the stuff being sold are those that they struggled to sell all the year and are mostly iScam junk.

I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.

Talking about crypto I would say if I had cash at hand I would have bought. But could not cut anything out to stock up at the moment.

I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.

I never heard of any insurance schemes for crypto. The rest are government tax-based modes. Why would you even want to insure your crypto assets without knowing whom you are sending funds to? Its better to keep them secure yourself. Also for price surges you just have to deal with it. Try not to use those "hedge funds" because most are scam.

[SkrrPaPa]

Talking about crypto I would say if I had cash at hand I would have bought. But could not cut anything out to stock up at the moment.

same. will stock on some coins to get lambo to get moon. )

[/quote] I never heard of any insurance schemes for crypto. The rest are government tax-based modes. Why would you even want to insure your crypto assets without knowing whom you are sending funds to? Its better to keep them secure yourself. Also for price surges you just have to deal with it. Try not to use those "hedge funds" because most are scam.
[/quote]


guess it not possible to ensure the crypto itself but some part of the funds or service one's used at least could somewhat become reality one day.

[jrrsparkles]

We can't insure the crypto currencies  ased on the fiat value,we may insure the exchange's wallet and if that hacked we may get the same amount of crypto which we had before the hack so we don't have any security interms of value based.Since it is a currency the value will be changing based on the market no insuarnce will be available in the future also.

[rickadone]

Well, how much you lost on the "Bitcoin's Black Friday"?
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.

If you use blockchain it is. Blockchain is already worked on insurance right now, there are companies who are trying to insure stuff on blockchain to make it more forever there type deal and for that to happen you need the underlying contract to be agreed by both parties and exist in blockchain. Now, if you take that blockchain technology into insuring crypto you can make it happen however insuring crypto assets would require a lot more details then the regular "life" or "house" insurance type of deals because it is harder to calculate the underlying risks.

The premiums must be really hard. The easier method is insuring crypto platforms. Such as coinbase, blockchain.com, bitmain and all those crypto related stuff could be insured instead of crypto itself. Much easier method and still insuring in crypto world.