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RE: How am I going to deal with Segwit and BitcoinCash BCC? Should you get comfortable with taking loses?

in #trading7 years ago

Hey @quickfingersluc ... How do you deal with the fact that most of the cryptos seem to fall together... almost in unison? So basically all (most) cryptos are falling in value vs. fiat. Say I buy into bitcoin to get started, because the coin I want to invest in is falling, which is awesome because it's an opportunity to make some money. However, the btc I'm holding is also falling in value right along side the rest of the market. There isn't really an easy/cheap way to continually exchange between fiat/crypto, so in order to be an active trader I imagine the strategy is to hold most of your trading assets in the crypto of your choice (most likely btc, eth, or even ltc (as ltc seems less volatile than the others). I'd like to hear your take on this. I have to imagine that putting your gains into something that hedges well vs the synchronized falls would produce a lot more profit over the long haul.