Marathonbet
New member
I started using bitcoin for playing online poker and sports betting last summer. Over the past few months the price of bitcoin has generally been moving upwards so I haven't always been in a rush to convert my BTC back into dollars after a cashout has been processed. However, at the start of January I withdrew about $2,000 dollars in BTC from my betting accounts to cover some expenses but I didn't covert the bitcoin back into dollars straight away. Over the course of the last week the price of bitcoin fell from $1,150 to $750 so I lost about $500.
I'm wondering if you guys use any strategies to hedge your losses other than converting straight to dollars as soon as the bitcoin hits your wallet?
I'm wondering if you guys use any strategies to hedge your losses other than converting straight to dollars as soon as the bitcoin hits your wallet?