Bitcoin Forum

I recently started to invest in BTC and bought from 4400 USD untill the recent prices $5000 USD up.
Definitely something will happen with the forks, Bitcoin Gold etc.

I am in for holding, but my profit is really fragile.

What are your plans for/ after 25 Oct? Dumps are expected. Is it an idea to sell before this date and buy back later?

 

I could tell you right now that only 30% of the bitcoin community (If not less) are aware of this hard fork, It has no mention in Reddit, and most news sites (unlike SegWit2X) so I doubt we will see any significant price decrease. In fact, If there will be a chain split, there will be a price increase because everyone would like to get the equivalent in BTG too (free money). The same thing could be said regarding 2X, people have seen how BitcoinCash affected the price so they won't fall for this twice.

Thanks.

In other words. Just hold???

Why would a dump be expected? A good number of people might sell their bitcoin to convert them back to altcoins, but I wouldn't call it a "dump". Also take into consideration that people will most likely sell their bitcoin gold asap for more bitcoin(BTC). So I think things will balance out. We might get a small dip, but it wouldn't be too significant in my opinion.

 What do you mean by "fragile"?  You're green to the tune of 15% to 30% in a very short time.  If you think it's in jeopardy and you can't afford to lose it, then sell it and take your profit. Don't expect anyone in here to tell you what will happen with Bitcoin with any certainty; nobody knows for sure... except maybe Jamie Dimon - he's pretty sure it's a crock.

You are acting very negative right now, you bought bitcoin at $4400 and right now it is upto $5700, and you are saying that your profit is "fragile"? you already made more than $1300 of profit in just a few weeks, and you are complaining? you are never going to have that return in any other investment than this one.
Obviously that i am going to hold my bitcoins until i receive those bitcoin gold, and i am looking to sell them right after away.

I'm also going to sell this coin. It seems to me that it will be even cheaper than Bitcoin Cash. These coins have no future. I plan to keep the bitcoins for several years. So now the price fluctuations do not interest me

Probably i will sell half of the bitcoin gold that i am going to receive. Actually i am ellegible to receive more than 3 btg, so i will sell the half of it to invest in other projects that i am investigating right now.
But i dont know yet, maybe i change my mind a few days before the fork, so i dont know it for sure.
I dont trust bitcoin gold at all, we should see how it goes and then make a good desition.
so probably i will sell them all, i dont know yet.

The idea is to hold all your coins, wait for the dip, and buy a lot when it comes. If nothing happens before or after 25 Oct, then we can expect a massive dip coming soon. That's when people will freak out, people will start selling, you will start buying, and after week we will all laugh at those that sold their coins because of panic. In the short-term, prepare yourself to see some negative numbers in your investment, and in the long-term, smile.