Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
BitcoinBunny
on 10/10/2017, 17:45:41 UTC
Quote from: bitserve on October 10, 2017, 05:41:29 PM
Quote from: BitcoinBunny on October 10, 2017, 05:39:14 PM
Quote from: bitserve on October 10, 2017, 05:29:17 PM
Quote from: starmman on October 10, 2017, 05:25:45 PM
Quote from: JimboToronto on October 10, 2017, 05:22:44 PM
What a pleasant little rise... up a c-note in less than an hour.  Smiley

Go Bitcoin go.
Price is looking pretty good - a lot of funds are coming from people selling alts - looks like the market cap % of BTC/Alts is increasing again

I do feel a little bad about my alts... but then I remember I got them as some sort of hedge and they are exactly doing its job (and got me a good profit already). I feel sorry for those that are overexposed to alts but, hey, this is the game!

Switch them to BTC with Changelly and switch back when you think ATH has been reached.  Wink

I won't. That would completely defeat their purpose as a hedge. I don't care how low they go as long as Bitcoin keeps rising Smiley

It's fair enough but with how they keep dropping and BTC keeps rising before this fork I think one could profit -> more BTC -> more forked BTC possibly etc -> eventually same value in Alts. I think it's unlikely these Alts will bounce back quicker than you can react with such an alt exchange but I guess you never know.
As a backup / hedge I guess your position makes sense. But there does seems to be an opportunity here at the moment too.