Just giving ideas of what I mean by hedging.
1. Converting all bitcoins to fiat right now - good idea, but I stop from enjoying bicoin price growth.
2. I can wait and put some "stop loss" point . But quick selling of a big amount of bitoins at the same price is impossible. plus "stop-loss" could be just a temporal draw-down. plus... etc.
3. I can convert a part of bitcoins to fiat as bitcoins grows. For instance keep a fiat value of bitcoin holdings constant while it grows.
4. Finally I can invest bicoins to a fiat currency grows (or bitcoin price falls). This I can do with futures, and different types of options.
5. Any other strategy?
6. Ideas?