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RE: Let's Talk—If Bitcoin Is Heading Towards a Bubble-How Will You Hedge Your Risk?
I'm curious to see others' insight on the questions you ask as I have been asking the same questions myself.
One additional question I have been pondering is if bitcoin does take a crash of titanic proportions, does that necessarily mean the other cryptos will dive too? If not, could not some of the risk be hedged by investing in a balanced portfolio of ether, litecoin, etc.?
They probably will crash too, but with different intensities.
Bitcoin nowdays kind of Works as an Index of other coins, so its movements is usually felt by the other coins.
If BTC comes down hard, then even the stronger coins like Steem will take a big hit.
Most if not all cryptos are traded against Bitcoin. BTC has a way of pulling down the whole market and it's likely that alt coins will crash. I know that Steem might as it generally gets pulled down with BTC for no fault of it's own-as it has in the past!