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Author Topic: Bitcoin price insurance  (Read 1666 times)
krishatnet
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December 29, 2014, 05:15:02 PM
 #21

It is better to insurance bitcoin price as the price is very volatile. People hedge futures in stock market with options.

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December 29, 2014, 05:40:42 PM
 #22

Dude you are supossed to deal with the responsability of lossing the money if you are freely putting it into Bitcoin the first place.
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December 29, 2014, 06:26:28 PM
Last edit: December 29, 2014, 07:40:04 PM by odolvlobo
 #23

Dude you are supossed to deal with the responsability of lossing the money if you are freely putting it into Bitcoin the first place.

Dealing with the "responsibility of losing the money" includes hedging, such as buying insurance, options, or futures.

Buy stuff on Amazon at a discount with bitcoins or convert Amazon points to bitcoins: Purse.io
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Barabbas0
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December 29, 2014, 07:24:22 PM
 #24

Dude you are supossed to deal with the responsability of lossing the money if you are freely putting it into Bitcoin the first place.

Dealing with the "responsibility of loosing the money" includes hedging, such as buying insurance, options, or futures.


lol, Oblivi has no idea how credit works in relation to financial markets. Hedging actually benefits instruments as it allow investors confidence to invest more funds. I can guarantee you I'll invest more into a married put than I will a naked position.
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December 29, 2014, 08:20:40 PM
 #25

Most of you posses some Bitcoins. If the price goes down, you lose money. Do you need some kind of insurance that will compensate you if the price goes down?

I know of a site coming soon, which will let you lock down your bitcoin at the current price.

And you can convert it back any time at the dollar value.

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December 29, 2014, 08:33:18 PM
 #26

Most of you posses some Bitcoins. If the price goes down, you lose money. Do you need some kind of insurance that will compensate you if the price goes down?
I know of a site coming soon, which will let you lock down your bitcoin at the current price.
And you can convert it back any time at the dollar value.

Perhaps you are referring to these:

Coinapult Locks - https://coinapult.com/locks/info
Bitreserve - https://bitreserve.org/

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Window2Wall
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December 31, 2014, 12:22:44 AM
 #27

Most of you posses some Bitcoins. If the price goes down, you lose money. Do you need some kind of insurance that will compensate you if the price goes down?
I know of a site coming soon, which will let you lock down your bitcoin at the current price.
And you can convert it back any time at the dollar value.

Perhaps you are referring to these:

Coinapult Locks - https://coinapult.com/locks/info
Bitreserve - https://bitreserve.org/

With both of these websites/companies (as with any other insurance company) you will have counter-party risk, that is risk that the company that you buy your insurance from will not payout their insurance products.

When taking into consideration the number of scams out there that are bitcoin related I would say that buying this kind of insurance product would be NPV negative, even if you assume the price of bitcoin is going to fall
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