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RE: Hedging Bitcoin (BTC) with DigixDAO (DGD) . . . Just my theory on making profits while bitcoin's dropping.
Buy after a dip from bad news and wait for the weekend uptrend, it used to be on saturdays and now it's been on friday. As long as you don't get a pretty bad week news wise, you'll make money.
Bitcoin is the face of cryptocurrency and all of the altcoins are going to mirror it until something is able to breakaway and merge into a mainstream system. Most likely no one knows anything about any of the altcoins unless they are investing themselves.
I have yet to find another coin to actually mirror it as close as DGD does. Most coins follow it instead of mirroring it. BTC goes up, as do alt coins and vice versa. It's amazing how I'll be watching a coin I'm invested in will sudden DIP hard while its uptrending and I think to myself. . .Wtf?! I'll go check BTC, and it had just dropped . . It's fascinating to watch and study as a day trader.
P.S. Thanks for being the first to repond! Much obliged!
No problem.