You are viewing a single comment's thread from:
RE: Bitcoin Gives Up Gains As Investors Become Wary
I'm thinking of hedging many of my assets in privacy coins before more news of government crackdowns come to light. Monero seems like a sleeping giant in that scenario. Thoughts?
I really think that if market goes down, everything goes down with it. I don't think there is a "hedge" in crypto. We don't have a VIX, unfortunately. Maybe Cash position is the best alternative.
Very true. I've been thinking of having cash reserves to buy large dips / the crash.. been putting it off since I hate seeing my fiat currency just sitting there! Cheers @ervinneb
You definitely should have cash reserves, in case a good opportunity comes ( it might be a something else, not crypto) you can act on your idea. Not having the cash, but having the idea is a bit of a bummer. Although money can always be found, when the idea is there. Cheers, mate
Nice post