CAN'T CRIPPLE THE RIPPLE
ANYONE ELSE FUCKING STILL GREEN SINCE MONDAY?
>>2455469
BTC - $3265
LTC - $461
nice edits
>>2455486
this is in cad retard
>>2455486
>what is CAD
>>2455486
now its up 2%
>>2455469
>CAD
jesus, that shit is worth fuck all
>>2455510
Kys
>>2455538
fuck off at least we don't have to worry about paying 10 million dollars for a cough drop
Its not exactly a hedge if all it does is moving sideways.
>>2455798
I got in at 9400 sats and got out at 10900 - had just been focusing on XRP as a trade for the last two days as its technical look good.
I surface to biz and realise everyone's shitting money and I wasn't paying attention.
I still think it's just technicals however it's an interesting thought that XRP might offer a safe harbour considering how much of a beating it took and the underlying business case for it.
Any thoughts on whether XRP as a safe harbour? I thought XMR might also be good however I'm wondering now.
>at work
>tell customer "10 euros or 12 dollars"
>she asks which dollars
>"we're from canada you know, you need to be more specific"
>try not to burst into laughter while taking the dumb cunts money
>>2455798
actually the point of a hedge is to "hedge" against losses in your primary market.
So, moving sideways during a crash or even dipping, but dipping far less than the primary market, is considered a successful hedge.
ex - If I have $100,000 in gas and oil stocks because I think the price of oil will go up, I also realize that there is a chance that oil will go down. I might hedge against that by buying some distant short calls on the oil commodity markets, maybe like $2,500 worth.
So, if oil goes down a little, I am still probably covered with dividends. If it goes up, then I eventually lose my short calls, but I am gaining equity and dividends. If it drops significantly, I may lose 40% of my $100,000 investment, but since $2500 in short options, buys you 100 shares per contract, we will say that each contract cost $2.50 so we have options on 100,000 shares. If we make $0.40 on each share, we make $40,000, which is what we lost on the original investment.
That is a hedge.
>>2455840
I dont think it is a bad hold but i dont see it mooning anytime soon. It is more a transaction unit for banks and I think they value the stability over all.
Looking at it in satoshi doens't make any sense to me. Right now the agreed penny price seem to hover around the 3-4 mark and i dont think it will go any higher than 5 in the next 3-5 months.
>>2455904
Why not simply invest less? Whats the advantage of hedging against a loss instead of simply investing less?
Or in that case you are in danger of losing value because of currency deflation and fluctuation?
>>2455937
I mean when I think about it it sounds to me like hedging is not really to reduce risk specifically as that can be achieved by simply not investing in x risky thing or investing less etc..
I think hedging has some other use besides that that must differ somehow or has some other purpose than if you simply invest in less risky stuff or invest less.
>>2455904
You are wrong. By your definition even the dollar would be a hedge against btc since it only goes down 1-3% per year.
A hedge is there to offset losses from your main position.
>>2455904
Your example makes perfect sence though.
>>2455553
>implying the tax rate is worth free healthcare
>>2455950
You are right, its retarded and falacious.
Imagine you are betting on red and black at the same time. Who's dumb enough to do that?
I sold all of my ETH on Monday and bought xrp and haven't killed myself yet so yes, it was safe for me.
>>2455970
your comment:
>A hedge is there to offset losses from your main position.
is the same as :
>actually the point of a hedge is to "hedge" against losses in your primary market.
as for >>2455937
>>2455950
The point - and am not saying I 100% agree with it - is to take on a little, hihgly leveraged risk that is in opposition to your primary investment.
You still believe oil is going up 20% in the next year, plus you are receiving 7% annual dividends. If you are right, you lose your $2500 hedge position, but have $27,000 in gains in your primary investment.
So you net $24,500 or 24.5%
If you just invested $50,000 to start with, and there was a 40% drop, you would still lose 20% of your total investment pot ($50,000 investment and $50,000 cash = $100,000)
And if you did see the gains in earlier paragraph, you would make $13,500 or 13.5% on your total investment pool.
The real risk of a hedge is if thinks stay stable or lose a small amount of value. The you lose your leveraged hedge ($2500) plus the 5% loss in equity ($5,000).
Again, i am not proposing anyone shoudl do this, just explaining the hedge.