like many on here, i've got some btc and a few bags of depressed alts. selling low doesn't make a lot of sense and btg seems tempting. wondering for some advice on what's the plan here:
strategy 1: convert to btc and get btg. convert to btc has some merit, but getting btg doesnt seem worth it. i'd expect btc to climb until oct 21, and then dip ~2-4% on oct 22. btg at best is going to be worth ~8% of btc (using bch as a reference point). you would think alts gain 10-15% on oct22.
strategy 2: convert to btc and try to figure out what is the most promising alt that has been very depressed, and reinvest in this alt on oct 21. if this alt can gain 10-50%, you pretty much have a winner.
strategy 3: hodl your bags. seems like an ok strategy, but it would seem to make more sense to go to btc right now and then rebuy your bags a few days before btc HF. it's inevitable that most of the alts will continue to drop.
just for reference, i'm holding lisk, omg, monero, neo, ark. i see nothing but more red for these for the rest of the week.
i personally like strategy 2 right now. let me know if i'm analyzing this wrong, thanks.
The potential profit from good alts right now is likely to be much better than anything you will get from bitcoin gold in my opinion. I think 8% value of btg to btc is a very generous guess and even if it does go that high, it will be a cluster eff of people trying to sell at that price. So what people actually end up getting in this sell off will be a disappointment. I believe a lot of smart money will be scooping up alts in the week leading up to the fork.
During the BCH/BCC fork, alts surged seemingly before the actual fork. Meaning people were prioritizing alts hours before the fork when they were at their lowest.
