Bitcoin Thread

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@Snyper564, any ideas on how to hedge against BTC and USD at the same time?

EUR held up well against USD in 2007/08, but ZAR suffered badly, as did the gold price. Possibly US T-bills / Treasury Bonds?

Had a look for a EUR stablecoin, but they don't seem to have any trading volume or MCap.

Quite a head scratcher this one.
 
PseuDohNom said:
@Snyper564, any ideas on how to hedge against BTC and USD at the same time?

EUR held up well against USD in 2007/08, but ZAR suffered badly, as did the gold price. Possibly US T-bills / Treasury Bonds?

Had a look for a EUR stablecoin, but they don't seem to have any trading volume or MCap.

Quite a head scratcher this one.
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Really not sure :)
 
PseuDohNom said:
Possibly US T-bills / Treasury Bonds?
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Yes this would be one of the safest ways to go with an impending stock market crash, but a mission to do if you aren't a US citizen who could just buy via their website. Only ±2% interest on the dollar, but safe.

Long term BTC will outperform almost anything and I'd be looking be scoop some up under $30K. My 9 year old could probably trade BTC and make more than 2% in a year.
 
Sensorei said:
Yes this would be one of the safest ways to go with an impending stock market crash, but a mission to do if you aren't a US citizen who could just buy via their website. Only ±2% interest on the dollar, but safe.

Long term BTC will outperform almost anything and I'd be looking be scoop some up under $30K. My 9 year old could probably trade BTC and make more than 2% in a year.
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Arigato Sensorei.

So you're definitely not in Alts right now then?
 
PseuDohNom said:
@Snyper564, any ideas on how to hedge against BTC and USD at the same time?

EUR held up well against USD in 2007/08, but ZAR suffered badly, as did the gold price. Possibly US T-bills / Treasury Bonds?

Had a look for a EUR stablecoin, but they don't seem to have any trading volume or MCap.

Quite a head scratcher this one.
Click to expand...

To be frank if you only want to protect purchasing power then balancing any assets into USD is good enough.

Globally the USD is still the benchmark on global pricing inflation so as long as you hedge X with USD you will pretty much get the best result for the least amount of effort.

In the crypto world if you want to HEDGE even on exchange then just move some of ur coin into USD and if everything goes to sht then you can buy back in without any friction.
 
John Tempus said:
To be frank if you only want to protect purchasing power then balancing any assets into USD is good enough.

Globally the USD is still the benchmark on global pricing inflation so as long as you hedge X with USD you will pretty much get the best result for the least amount of effort.

In the crypto world if you want to HEDGE even on exchange then just move some of ur coin into USD and if everything goes to sht then you can buy back in without any friction.
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Thanks for the feedback. Yes, I agree. USD always seems to weather the storm best anyway. Might keep some UST and Luna on Terra's Anchor Finance. Smart little ecosystem they have there with 20% on UST, plus some nifty compounding mechanisms. Then i could switch over to their Mirror Finance and buy up some synthetic TSLA stocks if there's a good dip. I think Elon is up to something.
 
John Tempus said:
To be frank if you only want to protect purchasing power then balancing any assets into USD is good enough.

Globally the USD is still the benchmark on global pricing inflation so as long as you hedge X with USD you will pretty much get the best result for the least amount of effort.

In the crypto world if you want to HEDGE even on exchange then just move some of ur coin into USD and if everything goes to sht then you can buy back in without any friction.
Click to expand...
Would Tether fit this hedging option?
 
Speedster said:
Why not simply go USD? Tether brings in unnecessary extra risk
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I ask the question because one of the reasons you entered ( I hope) the crypto space is to escape from inflationary monetary printing and coins such as btc is like a moral choice.

This does not mean Tether is the answer because there is a push by the big financial players such as Merrill L to continue with USD dominance in the crytopworld with stablecoins such as Tether.

So, it really depends on what your purpose/objective of investing into crypto is in the end. Mine is simply to seek.and support the alternative to what already is not working in the financial world. Go long.and you cant lose. Speculate and reinforce USD dominace then you will always lose.
 
SureThing said:
Would Tether fit this hedging option?
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Depending on your exchange used and if you do want to keep the USD(token) on the exchange.

I personally don't mind USDT if you are going to keep funds on an exchange. Even though some people still have issues with USDT I think it reached a point where it is too big to fail but thats my personal opinion.

If your exchange support other USD stablecoins then it wont hurt to diversify your USD holdings spread across multiple different USD(tokens).
 
We honestly need a universal crypto stablecoin Pegged to a global average of the 50MA of the USD/EUR/GBP/JPY/AUD
 
SureThing said:
I ask the question because one of the reasons you entered ( I hope) the crypto space is to escape from inflationary monetary printing and coins such as btc is like a moral choice.

This does not mean Tether is the answer because there is a push by the big financial players such as Merrill L to continue with USD dominance in the crytopworld with stablecoins such as Tether.

So, it really depends on what your purpose/objective of investing into crypto is in the end. Mine is simply to seek.and support the alternative to what already is not working in the financial world. Go long.and you cant lose. Speculate and reinforce USD dominace then you will always lose.
Click to expand...
Tether isn't going to save you from inflation
 
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