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RE: Let's Talk—If Bitcoin Is Heading Towards a Bubble-How Will You Hedge Your Risk?
I was just asked that same question this morning as a friend of mine is conscious of the fact that when Bitcoins starts to go down, it may very well drop like a bomb.
So, I couldn't help but suggest to invest into the cryptocurrencies that are the most powerful and infinitely scalable, fastest because of their Graphene base and potent because fo their adaptability, solid intelligent team and time proven. I sent her straight toward the BitShares platform, which help built Steemit, EOS, Sovereign HERO, Eristica, Stealth and so on.
Great article, very timely and of concern to many as we speak right now. Thanks a lot for this opportunity to share on this topic and the quality of your post. Namaste :)
Its all fine and good as long as you don't have a handful of major players decide one day to exit all at the same time. If you think that any of these exchanges are liquid enough you are in for a rude awakening. Lack of Liquidity is what destroyed the big banks and it will destroy these crypto exchanges as well.
Again, that is why I go with Bitshares, in order to make sure I won't have to suffer the so-called rude awakening underlying their make-up. ;)
Namaste :)
Also for stability try market pegged assets on bitshares. Hero is one, but much simpler is bitUSD. It's fully collateralized to be valued at one US Dollar (or more accurately in 2017 - one Federal Reserve Note).
To really buy gold as a hedge it's the best to hold gold as gold.
By the way: All the gold derivatives are a good example how the anti-gold forces divert money away from the physical gold market. Diminishing the pressure for price increases.
Could you elaborate a little bit on exactly how this works?