Your Business Risk Management Strategy?

[carbonpenguin]

Curious to see what others are doing (25% for me)...

[1714830556]

1714830556

[carbonpenguin]

Looks like a large chunk of people are keeping all the coins you earn. Is that because you can meet your business expenses in bitcoins, or are you meeting them in another currency and simply saving your coins? I'm curious as to why people are doing what they're doing...

[edd]

I chose 75% even though it's closer to 95%. I believe bitcoins will keep growing in value and would like to save more but, unfortunately, I don't have the capital necessary to continuously be reinvesting my own money into a Bitcoin only business. In other words, revenue goes right back in.

[FreeMoney]

I think a different strategy will become the norm soon. Buy a bunch of slightly out of the money puts. You will be guaranteed to be able to get, say, 90% of what you expect, but you can keep the upside until the very minute you actually need the money.

All we need is a good site to trade options at and a really intuitive retail interface for merchants for whom currency speculation is not their thing. I bet we see it in a month or two.

[carbonpenguin]

I chose 75% even though it's closer to 95%. I believe bitcoins will keep growing in value and would like to save more but, unfortunately, I don't have the capital necessary to continuously be reinvesting my own money into a Bitcoin only business. In other words, revenue goes right back in.

I'm doing something of the same by cashing out 25% - enough to meet most dollar expenses (t-shirts, shipping, envelopes, etc.), but keeping the profits in btc because I'm also long-term optimistic as to their value.

[carbonpenguin]

BUMP for folks who haven't voted yet...

[carbonpenguin]

Any others want to weigh in?

[Astrohacker]

Can you explain with a risk management strategy is? I don't know what this 25% is of.

edit: Sorry, I didn't see the poll at the top. So you cash 25% out and consider that profit?

[carbonpenguin]

Can you explain with a risk management strategy is? I don't know what this 25% is of.

edit: Sorry, I didn't see the poll at the top. So you cash 25% out and consider that profit?

More like I cash out 25% to cover the lion's share of my $ expenses, but keep the profits in btc...