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Do you understand what hedging is or how to hedge a position? Please explain to me how you would hedge a 50 BTC position with tether... I’ll save you some trou
by quickthrowman 5y ago
Do you understand what hedging is or how to hedge a position? Please explain to me how you would hedge a 50 BTC position with tether...
I’ll save you some trouble and point out that it’s impossible. You can hedge bitcoins with Bitcoin options or perpetual swaps/futures, it’s impossible to hedge Bitcoin with tether, full stop.
- smackeyacky 5y agoYou can hedge anything with anything where you perceive a relationship. It doesn't have to be formally linked or related in any way.
- quickthrowman 5y agoPlease explain how you hedge BTC against tether, which is supposed to maintain a $1 peg. There is no correlation between BTC and tether, how can you not see that?? Bitcoin goes up and down, tether stays at a buck, plus or minus a tiny fraction at times. You cannot hedge Bitcoin with tether!! At this point, I’m going to assume you have a fundamental misunderstanding somewhere, I won’t be responding any more. If you want to believe you can hedge a volatile crypto coin with a pegged stable coin, I could care less, just don’t spread that nonsense here.