Bitcoin Forum

Bitcoin is right now pushed to old or even new heights with people anticipating the coming hardfork and thus free money.

Would it make sense to (re)invest in BTC just for that and then get out again? Think twice!

1) There is a huge price increase for BTC in the recent days, but without any trading volume as in the past
2) There is no replay protection for the hardfork, meaning you can not just sell off the new gained gold without risking to lose all. Sit on the "Gold" and see how that dividend is calculated in the total supply.
3) Altcoins are at a good and interesting price level to invest right now, with better potential than a hyped Bitcoin whatsoever.
In summary, stay away from it, invest in OmiseGo or IOTA or whatever you see fit for the future. Don't get scammed from Bitcoin Golddiggers.

Stay safe!

(my x-post from steemit)

You've certainly got a point; investing into a coin with a value that has already gone up significantly isn't a brilliant move generally, even if it is Bitcoin. I have my focus at some altcoins too at the moment as they are now somewhat cheaper and I suspect this situation will remain until the hardfork. Alts will probably (hopefully?) more or less recover after the hardfork.

Interesting stuff you've got there.
For me personally bitcoin has been the number one cryptocurrency on my investing list. So with or without 2x I will be holding the majority of my money in bitcoin. Due to the risk of replay attacks I won't be touching my potential bitcoin gold anyway.
Altcoins are always an option but I don't feel comfortable doing so because all altcoins are still heavily dependent on bitcoin.
In the end I don't really mind too much. I'm in for the long run. 

I think it is best to invest in both bitcoin and altcoins for long term profits. My strategy is buying and HODLING any crypto which includes all altcoins. Short term trades are far more riskier which is why I prefer long term trades.

I'm keeping some part in Altcoins as a long term investment and a part in BTC. I don't think that hardfork worth selling all ALTs. Instead it's a good chance to buy some good coins for cheaper price :)

It's very hard to say if it will be more profitable to hold BTC or buy altcoins, but I'm actually also considering buying some alts just before the fork for discounted prices. Time will tell if it was better than holding BTC.

Which alt coins will be good idea?  I already have some XRP and BAT. shall I just buy more of those?  Or shall I invest in some other coins instead?  Thanks :)

Bitcoin but you should have bought before not today. If you bought it a week ago then it is good. But now it is too late to buy bitcoin. As its price increased, it will not be profitable.

Remember first august split for bitcoin, altcoins dead and bitcoin gained incredible momentum during and after the split. I'll say bitcoin.

What's the replay protection thing? Why not just sell bitcoin gold straight away?

I think there is an absolute killing to be made by buying alt's in the next couple of weeks. Prices will be rock bottom, the question is which ones will see the greatest rebound?

That's an interesting statement, its more like you read my mind. A lot investors are currently dumping their coins so that they can be able to claim bitcoin gold after the fork. I also don't think that a good idea.

However, this can some how benefit some investors in the sense that they will wait for most altcoins to dump and buy more with their bitcoin, which is wise, since the value of bitcoin might even begin reaching new all time highs. This means that you will spend less bitcoin and get more altcoins.

I think a good strategy may be to hold your bitcoin and altcoin positions and add to any good altcoins
that come down to good sale prices in coming days going into the Bitcoin fork. 

Im sticking with my alt coins. My strategy is to hold and keep holding. These forks and issues come up too often and its safter to just hold. Everytime I chase I lose. To each their own.

I think if you have bitcoin keep it. I would not buy bitcoin right now, $5000 might be a strong resistance. I think it is worth buying some altcoins on the dips, they will finally go up again.

Altcoin for sure. Bitcoin is very high almost $5000. I think it is time to dump all bitcoins. Chart does not lool good at all. Big crash is coming ?  ::) Just scaring

It's up to you, but I think hold bitcoin now much better then invest in some doubtful altcoins. If you prefer to invest in altcoins first of all You must do researches about it and do some hard work, with bitcoin you just don't need to do that things.

Partially bitcoin, partially alts. In this case you have possibility to change your position on any side. And opportunity to buy some good alts on deep.

I'll keep most of my money in Bitcoin. If you want the most out of of Bitcoin Gold then you want to have a good amount of Bitcoin on hand. Also have some alts as the price of alts will be likely to take a hit due to the upcoming fork. It all depends on your goals.

Because the bitcoin and altcoin is really volatility but in some reasons that depends on the trend of the coin itself just like this time with bitcoin fork and bitcoin still getting huge demand because alt users move to the bitcoin.

Replay protection is not an issue with Bitcoin Gold fork... it is with 2x fork in November.

i definently wouldn't chose altcoins..

If someone asked me about this question, maybe I choose both strategies. I will hold the bitcoin and buy altcoins at same time before the hardfork comes. I see nothing wrong of being a positive thinker. It's better to try than do nothing. I believe all problems were gonna be having solutions.

I have heard otherwise. Without replay protection, wouldn't you be putting your bitcoins at risk whenever you transact with Bitcoin Gold?

The team of Bitcoin gold has been in charge of informing the social networks to the holders of cryptoactives that, when the bifurcation occurs, the quantity of bitcoins in the portfolios will be duplicated, in the same way that happened with the fork of Bitcoin Cash. For this reason they invite the community to change all their altcoins to BTC, in order not to "stay out" of the operation but do not talk about the computer development of their network. They also specify, through a comparative table between three Bitcoin forks (Bitcoin Cash, Bitcoin with SegWit2x and themselves), which will operate with SegWit, but do not support SegWit2x; that the mining will be done with GPU, while the others require ASIC; which will offer protection against repeat transactions, unlike SegWit2x and will adjust the difficulty in each new block.

It has also been known that this altcoin is driven by Jack Liao, CEO of the mining pool LightningAsic, located in the province of Canton, China, although it is a decentralized open source project, so there are no president or CEO , only collaborators. So this second hardfork could promise but I recommend that you investigate more before making a decision.

https://twitter.com/btcgpu (https://twitter.com/btcgpu)

People are selling all altcoins to buy bitcoins before the split, so is good time to buy alts while it last.

I also have heard btc gold dont have replay protection so i am now looking at how the exchanges and my investment btc casino is handling this fork in case the no replay protection is true. If the exchange or other platform is not doing correctly, they may be under attack easily and can lose millions of dollars. And btc gold has very bad team on it, till now i have heard that the snapshot had happened already while on the other hand, some said not yet.

First what I say is at this time of writing bitcoin is not new time high , it is old time time high, second every stock and currency are always moves in waves , so what I think is bitcoin dealing with present phase is not a good idea for hold, Alt are what silver is for gold.  Still  no single altcoin is competitor for bitcoin, there have to be 5-10 to balance its power more over the world is entering phase of cryptocurrencies, There must be silence momentum in altcoins

im going to have both. So i can get a bit of btc gold, however the prices of the alts are just so low at the moment.. but makes me wonder if i should hold out longer to buy, closer to the 25th...

if there is a chance to buy bitcoin then i think i will buy again but if the price still increase without stop for a while then i think its not good to buy because the price can be down in any time. although i realize that after the correction price, the price will start increase again, but for me its still not good. its better to wait for a while and see the price is down.

Well, if you have a lot of Bitcoin then it's free money so make sure to hold it all in your own wallet.

If you think selling off your alts is a good idea to do that, you are wrong. By the time you receive your free coins and want to buy back in, you will have to buy in at a higher price. Probably lose more than what you gain from "free coins". This new Bitcoin alt gold or whatever it is called will not even cost half of Bitcoin Cash.

A part of my portfolio I will bring in fiat and other will hodl.

Bitcoin Gold does sound quite good from what i was reading about it.  It's here to help bitcoin not work against it and as more of a competitor against Bitcoin cash and ethereum. Basically it just makes it possible to mine with GPUs (Graphic Processing Units)  to allow more participants to mine, taking away some of the hash power from the bigger miners who have largely cornered the Bitcoin market. If i hadn't spent all my cash on ICO's recently i would go with some bitcoin right now.

Of course, gonna hold them both.
I'll stick to my original portfolio and there's no way to change it.
Even though alt coin is in bloodbath now I keep them all and just wait for the drama to be over. As we near in hard fork, many will hold their coins so they can have the equivalent of it to have bitcoin gold.

i will hold all my alts... and i feel sorry that all times a new btc fork like that (thats sound a scam for me...born just to pick up money9 ... all comunity pander this dirty game selling alts for holding btc. thats the best way not to trust in deed on alt projects and play the game of greedy miners....

I'd like to hold bitcoin while the hardfork, but buying alts at new dips is good too. I think 60-70% I will keep at BTC and the rest at alts.

for me both because desame you can use the Bitcoin sees Karin and altcoin also see Karin so for me I had no choice are both two that you can exploit.

Personally I'm not changing anything. If I took the hardfork more seriously I might, but I don't see it even being as successful as BCH, so not work all the transaction fees and selling out low on a bunch of coins I'm happy owning.

I'm goign to buy and hold waiting for the hardfrok

That's yet another tricky question to answer, however I'd say that it's rather late for  (re) investing in BYC as the price has already rocketed to the new heights, though if you already have Bitcoin it's certainly safer to hold it and revive some extra money for that. On the other hand if you are only thinking and considering investing into cryptocurrencies of any kind you should indeed take a more careful approach and certainly invest in various cryptocurrencies to diversify your investment portfolio. Otherwise you are running a risk of loosing your money: so to keeep safe trust yourself, thoroughly study ICO's and invest in what suites you personally. Even the Bitcoin is a good investment and value for money if you are going to invest for a really long period of time

I've personally diversified, that is mainly ETH and LTC, but also OmiseGo and IOTA for the current low level entry prices. Both have a huge practical potential, which Bitcon lacks.

Have some more too, XLM, STEEM, BCC, need to check :). 50% is Bitcoin.

So, however that Gold hardfork goes, I believe I'm on the safe side. 2x later, I don't know, there may be a sell off in between or not.

Longterm I'm certain good Altcoin projects will show their value to the real world. Bitcoin may remain that precious thing like gold nobody has really a use for other than store value.