This is so true. I feel cool as a cucumber right now knowing that I hedged. Instead of thinking about the USD losses (that I am definately taking) i'm really finding myself more focused on the exciting prospect of having more crypto when the dust settles.
Hello Anon136, could explain how you hedge XMR and how much it costs you?
I didn't hedge XMR specifically. I hedged my whole crypto portfolio in a way by selling my bitcoin when it started falling hard and putting in a stop order at the price that I sold it at. So worst case scenario, if it stops falling and going back up the exchange will automatically buy it back at the same price that I sold. No fancy contracts or anything. I cant even get on bitfinex being an american. Either way though it makes me feel so much less stressed about both the decline in bitcoin and monero.