We needed this breather

Altcoins are partying like it's 1999 as Bitcoin keeps quietly inching higher. We can't imagine what kind of wild up moves we'll see in "alts" if BTC ever picks up the pace itself.  

EOS has had a truly crazy year, and today is no different. The coin went on a furious multi-week rally quadrupling in value, lost more than 50% in a matter days, and today is almost up 30%. The market-cap gain in BTC and EOS combined in the past 24 hours is more than $6 billion. To paraphrase old-time Illinois pol Everett Dirksen: "A billion here, a billion there, pretty soon you're talking about a lot of money."  

On that score, we'd be remiss not to mention checking out Bitcoin futures at CME and CBOE. As your crypto accounts grow in value, having a real hedging option is going to be increasingly valuable. There are numerous online platforms where you can short BTC futures contracts or you might open an account at highly-reputable clearing firms such as Advantage, Wedbush, Dowd-Wescott, or several others here in Chicago. 

We promise to write a longer piece about how to use futures to hedge your crypto portfolio and will provide links to front-ends like TT and CQG. If BTC and altcoins keep rallying, this will become almost imperative for prudent risk management. 

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