Post
Topic
Board Altcoin Discussion
Re: With BTC/BU fork around the corner, what would be a good hedge?
by
konner
on 24/03/2017, 16:08:11 UTC
With Bitcoin BU getting more and more support from miners lately, I'm looking for good coins to hedge against the uncertainty of a hard fork. Any suggestions for coins that qualify?

I'm not interested in the next big altcoin hype or amazing new technology. Just a safe place to see the fork play out. I guess I'd prefer a coin that has a proven trackrecord and is pegged into the ecosystem for a while. Coins like LTC or Doge seem interesting, but there are probably better candidates out there. I would prefer a coin that enables me to trade in direct pairs though. ETH is an option as well, but that one seems a bit too much pumped lately.

Thanks for your suggestions!

if bitcoin fork and you have the bitcoin in your wallet then you would have both original bitcoin core and bitcoin unlimited.
your 1 bitcoin now became 2, it's a win win. the price will pump up again after everything is settled down.

Sure, I get that. But if I hedge into another asset that is not affected by both and stays @ relative $ 1k per BTC/BU, I can make 2 out of 1 BTC @ fork and then 10 out of 2 if they both drop to $200. That's what I'm talking about.