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?
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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