RomanoRnr

DAO and BTC - Hedging positions

POLONIEX:DAOBTC   The DAO / Bitcoin
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 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 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
What about ETH?
Reply
I made it also for $ETH.
You might have missed that from my twitter

$ETHBTC and Bitcoin Hedge
Reply
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