RE: Hedging Bitcoin (BTC) with DigixDAO (DGD) . . . Just my theory on making profits while bitcoin's dropping.

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Hedging Bitcoin (BTC) with DigixDAO (DGD) . . . Just my theory on making profits while bitcoin's dropping.

in bitcoin •  7 years ago 

I have yet to find another coin to actually mirror it as close as DGD does. Most coins follow it instead of mirroring it. BTC goes up, as do alt coins and vice versa. It's amazing how I'll be watching a coin I'm invested in will sudden DIP hard while its uptrending and I think to myself. . .Wtf?! I'll go check BTC, and it had just dropped . . It's fascinating to watch and study as a day trader.

P.S. Thanks for being the first to repond! Much obliged!

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No problem.