DAO and BTC - Hedging positions
Bitcoin up 11.15%
DAO down 5.16%
Indicating strength in DAO.
This can be used to hedge your
Bitcoin long position.
DAO has a reverse relation with BTC.
If Bitcoin goes down a bit,DAO
will go up more aggressively.
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At this momentDAO has not been on the market.
But it seems like it does have an inverse relation with BTC.
DAO might be usefull as a hedge but I am not sure how
competent the team ofDAO is.
There is an article on coindesk.com with the title
"Will The DAO Become Ethereum's Mt Gox?"
You can look it up. The headline seems very weird to.
Too much speculation. Coindesk.com was hypingDAO before it got in
the market. Made me think that the coindesk.com team bought DAO.
If they try to manipulate the market with that headline to buy cheap ?
We migght never find out.
This is just an analysis. Consider the risks on every trade
DAO down 5.16%Indicating strength in DAO.
This can be used to hedge your
Bitcoin long position.
DAO has a reverse relation with BTC.If Bitcoin goes down a bit,
DAO will go up more aggressively.
----------------------------------------------------------------
At this moment
DAO has not been on the market.But it seems like it does have an inverse relation with BTC.
DAO might be usefull as a hedge but I am not sure how competent the team of
DAO is.There is an article on coindesk.com with the title
"Will The DAO Become Ethereum's Mt Gox?"
You can look it up. The headline seems very weird to.
Too much speculation. Coindesk.com was hyping
DAO before it got inthe market. Made me think that the coindesk.com team bought DAO.
If they try to manipulate the market with that headline to buy cheap ?
We migght never find out.
This is just an analysis. Consider the risks on every trade
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.