[quote name=“Kevlar” post=“58390” timestamp=“1392088581”]
You get +1 rep for that one sir.
But let’s be real for a second: You have it exactly right. You’re hedged against Bitcoin. But Bitcoin isn’t going anywhere. It’s not going to zero, and it’s showing a LOT of staying power around 700, despite the fact that this time last year it was under 100. You should be really clear that Bitcoin is going to come back, and when it does FTC is very likely to go back down against it, simply because it’s not nearly as well adopted.
This is where the smart people sell FTC, and the not so smart ones buy FTC. In two weeks, you’ll be hearing “When is FTC coming back?” again from the latter half of that group, and in 3-6 months, when BTC crashes again, is of course the answer.
These things are cyclic. The ONLY sure bet you can reasonably make is that fiat will continue to inflate, and crypto will continue to be adopted.
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Thanks ;)
Indeed. I would say 60% of my portfolio is Delta neutral or Delta hedged in nature - I actively trade/hedge to keep it that way. The other 40% is simply diversified in BTC, LTC, and FTC long term - they partially offset each other naturally of course, but ultimately I am not concerned with the cyclic nature of that portion of my portfolio.