Post
Topic
Board Economics
Re: Insuring the crypto assets. Is it possible?
by
Bear_Cub
on 26/11/2018, 09:02:25 UTC
Well, how much you lost on the "Bitcoin's Black Friday"?
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more?

insurance schemes, for protecting from market moves? no such thing. nobody provides that kind of insurance, especially in the crypto world. the only thing you can really do is hedge your holdings by shorting or selling. i hedge by selling futures contracts on bitmex with leverage---that way i can minimize the amount of funds deposited on exchanges.

exactly. no one will take responsibility of the market moves, so the ball's in your court. it sounds like you want to shift the responsibility onto somebody else tbh  Grin


I can relate to this but only partially.  Being insured and taken care of some organization is always cool, esp if it has something to do with your money.