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?