Yes. This kind of hedging strategy in order to minimize risk actually makes a lot of sense.
Yes, there is a reason why I'm still in the game, despite losing 700,000+ XMR in hacks, probably the biggest loss ever.
That's a considerable sum to lose , have you found out how it happened?
Sorry for the lose, I lost 1000+ bitcoins once myself in the early days
Can this be tied to any of the bigger sell offs or extended down markets? Time frame?
I have friends who have probably lost even more, I had a pile of btc in UK exchange that scammed everyone years before gox..
Luckily they were pretty cheap back then so it was still possible to buy more, more recently I lost a pile when Bitfinex stole them...
The benefits still outweigh the losses overall but it's near impossible to trade without exposure to some level of risk...
You can just hodl but that's pretty boring sitting on a stack of coins waiting for the value to appreciate ...