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Author Topic: My strategy for the next hardfork SEGWIT2X  (Read 3478 times)
Subb0
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October 31, 2017, 01:02:14 PM
 #41

really it's going to go crazy but will even out in the end!
BTCMILLIONAIRE
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October 31, 2017, 01:39:45 PM
 #42

I would buy more bitcoins...bitcoin will continue to rise because most of holders are hodlers. Plus, you will get ur segwit 2x. Token dumping might be a good idea but keep those whose devs have long term plans for their tokens..
Somecurrency analist also suggest people to sell their gold for bitcoins because they strongly believe that bitcoin is far more profitable.

That is really silly of them. Gold isn't a way to "profit", gold should be a method to preserve wealth against fiat money inflation. There is also a limited quantity of Bitcoin (as there is with gold), but being a digital currency which have been subject to sever fluctutations it is much more speculative than gold.... two completely different matters.
Gold isn't really limited though. Gold is constantly being mined, and it can also be produced in the lab. And while producing gold is too expensive to be worth it right now, we might very well end up with a scientific breakthrough that could change this.
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October 31, 2017, 01:51:15 PM
 #43

If it will be this same like previous the best option will be buy as many as possible altcoin when their price go down. It will be my move
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November 01, 2017, 07:11:14 PM
 #44

My strategy:

step1: Transfer BTC to an exchange that credits 2X immediately when the fork is happening. (Because you won´t be able to do transactions)
step2: Sell all of my 1X BTC for 2X
step3: Sell all of my 2X for BitcoinCash
Well, that is your own decisions and I really hope you do not end up coming back here crying cause that seems like the pretty worst decision anyone would ever make.

Support has dropped a whole lot for B2X and switcing to B2X and then to BCC qould only make you regret as the bullish trend comes after the 2X for BTC. However, like I said, the decision is yours and you can do whatever you like with your coin.
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November 01, 2017, 07:28:06 PM
 #45

My strategy:

step1: Transfer BTC to an exchange that credits 2X immediately when the fork is happening. (Because you won´t be able to do transactions)
step2: Sell all of my 1X BTC for 2X
step3: Sell all of my 2X for BitcoinCash
Well, that is your own decisions and I really hope you do not end up coming back here crying cause that seems like the pretty worst decision anyone would ever make.

Support has dropped a whole lot for B2X and switcing to B2X and then to BCC qould only make you regret as the bullish trend comes after the 2X for BTC. However, like I said, the decision is yours and you can do whatever you like with your coin.

Interesting, I was gonna hold my BTC actually. But maybe I change my plan with the information coming from you folks. I can turn my BTC into USDT and then I can seek opportunities to buy them back with cheaper prices.
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November 02, 2017, 10:33:56 AM
 #46

I would buy more bitcoins...bitcoin will continue to rise because most of holders are hodlers. Plus, you will get ur segwit 2x. Token dumping might be a good idea but keep those whose devs have long term plans for their tokens..
Somecurrency analist also suggest people to sell their gold for bitcoins because they strongly believe that bitcoin is far more profitable.

That is really silly of them. Gold isn't a way to "profit", gold should be a method to preserve wealth against fiat money inflation. There is also a limited quantity of Bitcoin (as there is with gold), but being a digital currency which have been subject to sever fluctutations it is much more speculative than gold.... two completely different matters.
Gold isn't really limited though. Gold is constantly being mined, and it can also be produced in the lab. And while producing gold is too expensive to be worth it right now, we might very well end up with a scientific breakthrough that could change this.

That's actually a good point against gold vs bitcoin hah.. but overall there's no comparison about which one of the two is the best storage of wealth as only one of them has been around for thousands of years and is easy to carry and exchange. Let alone bitcoin fees which are prohibitive!
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November 02, 2017, 12:08:47 PM
 #47

Go all in with BCH and get rich after people realize it's the real bitcoin...
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November 02, 2017, 12:33:42 PM
 #48

My strategy for the next fork, that is supposed to take place around 20th nov.
If there are exchanges that support it and credit B2X for BTC in 1:1 ratio, then i will sell all my alts to buy just and only BItcoin. (nowdays i dont have a cent in BTC). This B2X seems by far very more worth than the BTG shit.. JUst right after the fork, dumping of BTC to buy the bleeding alts that will be around cryptomarket. I will keep the B2X at least for some days (as there is no replay protection, so better safe than sorry) and then decide if keep or dump also.
NOw the question is.. it is smart to sell my damaged altcoins still with lost (since i bought during the summer ATH) and start accumulating BTC? when should i do it? will the altcoins have another rise like yesterday? will BTC still drop more ?
take in mind that last time, people began accumulating BTC as long as 3 weeks before the hardfork... so no much time left for a decision.
what do you think?
Your tactic is common practice, but you already missed the sell opportunity.
I sold my alts during last peak and will buy back shortly before fork.
I will definitely sell all my B2X immediately, because they will plummet even more than BTG. There is no danger for your BTC when you sell your B2X.
For me (and many others), next fork is an attempted hostile takeover (see: 'hostile corporate takeover' on reddit).
It's the first time you can make more money with alts during fork, than with the fork itself.
I already increased my alts only by selling high and buying back low (can't say exactly, as I didn't buy back yet).
As I don't think you can make much money with the fork, I will even increase my altcoin portfolio shortly before fork.
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November 02, 2017, 12:44:27 PM
 #49

My strategy for the next fork, that is supposed to take place around 20th nov.
If there are exchanges that support it and credit B2X for BTC in 1:1 ratio, then i will sell all my alts to buy just and only BItcoin. (nowdays i dont have a cent in BTC). This B2X seems by far very more worth than the BTG shit.. JUst right after the fork, dumping of BTC to buy the bleeding alts that will be around cryptomarket. I will keep the B2X at least for some days (as there is no replay protection, so better safe than sorry) and then decide if keep or dump also.
NOw the question is.. it is smart to sell my damaged altcoins still with lost (since i bought during the summer ATH) and start accumulating BTC? when should i do it? will the altcoins have another rise like yesterday? will BTC still drop more ?
take in mind that last time, people began accumulating BTC as long as 3 weeks before the hardfork... so no much time left for a decision.
what do you think?
Your tactic is common practice, but you already missed the sell opportunity.
I sold my alts during last peak and will buy back shortly before fork.
I will definitely sell all my B2X immediately, because they will plummet even more than BTG. There is no danger for your BTC when you sell your B2X.
For me (and many others), next fork is an attempted hostile takeover (see: 'hostile corporate takeover' on reddit).
It's the first time you can make more money with alts during fork, than with the fork itself.
I already increased my alts only by selling high and buying back low (can't say exactly, as I didn't buy back yet).
As I don't think you can make much money with the fork, I will even increase my altcoin portfolio shortly before fork.
More or less, I have the same tactic.
But I want to add BTC will decrease too after fork. Current hype is only due to fork.
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November 02, 2017, 03:06:15 PM
 #50

Well I don't have any fixed strategy, things can change pretty quickly. About BCC as I noticed there is a correlation between BTC and BCC price and when BTC moves BCC usually follows (and most alts go down drastically).
What I plan to do is diversify by market cap and left some usdt as well. Some low caps not really hurt by recent BTC action so its safe and some coins have their own games so I'm trying to play on the swings.
But yeah I agree that one of the best strategy is just hodl and do nothing, use time to study or just chill and do not overtrade/panic sell etc, all these kinda things. Good luck everyone Smiley
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November 02, 2017, 06:41:09 PM
 #51

I would buy more bitcoins...bitcoin will continue to rise because most of holders are hodlers. Plus, you will get ur segwit 2x. Token dumping might be a good idea but keep those whose devs have long term plans for their tokens..
Somecurrency analist also suggest people to sell their gold for bitcoins because they strongly believe that bitcoin is far more profitable.

That is really silly of them. Gold isn't a way to "profit", gold should be a method to preserve wealth against fiat money inflation. There is also a limited quantity of Bitcoin (as there is with gold), but being a digital currency which have been subject to sever fluctutations it is much more speculative than gold.... two completely different matters.
Gold isn't really limited though. Gold is constantly being mined, and it can also be produced in the lab. And while producing gold is too expensive to be worth it right now, we might very well end up with a scientific breakthrough that could change this.

That's actually a good point against gold vs bitcoin hah.. but overall there's no comparison about which one of the two is the best storage of wealth as only one of them has been around for thousands of years and is easy to carry and exchange. Let alone bitcoin fees which are prohibitive!
Bitcoin fees are tiny compared to Gold transaction fees. Or do you not value your time or effort of physically moving gold around?

Gold is definitely the safer option when it comes to storing wealth though, at least for now.
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November 03, 2017, 07:07:27 PM
 #52

Not having Bitcoin now is a big mistake, people were cashing out into Bitcoin since 2 months, it can take different paths, you either know that Bitcoin will rise and alt will fall, then you can buy altcoins cheaper before every fork, or you want to get free coins from the fork, in both cases having Bitcoin is a must.
At this stage, it is just best to stay away from alts at the moment and see how everything will turn out eventually.

Although they are mostly still at their dips and may still be a good time to buy and buy more eventually, but I feel they would be worth it even more when they get pumped back which would pretty much give more profit than the forked chain would end up giving.

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November 03, 2017, 08:28:24 PM
 #53

My strategi is im gonna hold my bitcoin untill hardfork the i will sell it and trade to boscoin or invest to universa, auctus

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November 03, 2017, 08:47:07 PM
 #54

I think that in this period Bitcoincash can be a real bet. In my opinion, it risks to suck during the period before the fork.

So I'm going to try to get BCC, Bitcoin, and the rest in Altcoin.
Yeah I think BCH might be a real alternative as people see it as the closest thing to BTC

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November 04, 2017, 03:41:06 AM
 #55

I don't know man, people are getting bored with a lot of forking recently, most of them are only looking for free money, people not really support the coin, it is a good idea to keep some btc to gained the free money and hunt for the  alt coin, usually near the forking the alt coin price will become unstable, three weeks is still a long way, all of the coin hasnt been affected by this forking and the traders still haven't taking any action
Honestly, more than bored already! It seems like every forked chain is pretty much like bullshit to me right now and it is best to just stick with the legacy coin. It started pissing me off the more when I heard there is even going to be a bitcoin silver fork by December. Is it not obvious some devs just want to be doing some hanky panky shit on the users.

But I believe this community must be enjoying these forks as we are all getting some free coins time to time on every forks. Then why we bother about getting bored.
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November 04, 2017, 04:21:52 AM
 #56

My strategy for the next fork, that is supposed to take place around 20th nov.
If there are exchanges that support it and credit B2X for BTC in 1:1 ratio, then i will sell all my alts to buy just and only BItcoin. (nowdays i dont have a cent in BTC). This B2X seems by far very more worth than the BTG shit.. JUst right after the fork, dumping of BTC to buy the bleeding alts that will be around cryptomarket. I will keep the B2X at least for some days (as there is no replay protection, so better safe than sorry) and then decide if keep or dump also.
NOw the question is.. it is smart to sell my damaged altcoins still with lost (since i bought during the summer ATH) and start accumulating BTC? when should i do it? will the altcoins have another rise like yesterday? will BTC still drop more ?
take in mind that last time, people began accumulating BTC as long as 3 weeks before the hardfork... so no much time left for a decision.
what do you think?

Yeah if there are any big exchanges that credit your account instantaneously i would defintiely go with them. Just don't store all your coins with them, do like half with them and half in your own wallet. Because when BCC came out it was sort of a similar scenario, on bittrex people could already sell their BCC for BTC but if you just held it in your address you couldn't.

Altcoins are probably going to suffer from the fork. But then, it's just a great time to buy.
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November 04, 2017, 05:48:25 AM
 #57

I would buy more bitcoins...bitcoin will continue to rise because most of holders are hodlers. Plus, you will get ur segwit 2x. Token dumping might be a good idea but keep those whose devs have long term plans for their tokens..
Somecurrency analist also suggest people to sell their gold for bitcoins because they strongly believe that bitcoin is far more profitable.

That is really silly of them. Gold isn't a way to "profit", gold should be a method to preserve wealth against fiat money inflation. There is also a limited quantity of Bitcoin (as there is with gold), but being a digital currency which have been subject to sever fluctutations it is much more speculative than gold.... two completely different matters.
Gold isn't really limited though. Gold is constantly being mined, and it can also be produced in the lab. And while producing gold is too expensive to be worth it right now, we might very well end up with a scientific breakthrough that could change this.

That's actually a good point against gold vs bitcoin hah.. but overall there's no comparison about which one of the two is the best storage of wealth as only one of them has been around for thousands of years and is easy to carry and exchange. Let alone bitcoin fees which are prohibitive!
Bitcoin fees are tiny compared to Gold transaction fees. Or do you not value your time or effort of physically moving gold around?

Gold is definitely the safer option when it comes to storing wealth though, at least for now.


Bitcoin fees are smaller than gold's if we are talking about selling ingots and nuggets and gold coins. Not much of a waste of space and time though as due to the high price per gram big portions of wealth can be stored in a standard business suitcase.
I agree with gold being the safer option. Actually I think it's the safest of all, including land, real estate, stock market and obviously fiat which has always been a big loser in that regard thanks to fractional reserve.


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November 05, 2017, 01:36:02 AM
 #58

I would buy more bitcoins...bitcoin will continue to rise because most of holders are hodlers. Plus, you will get ur segwit 2x. Token dumping might be a good idea but keep those whose devs have long term plans for their tokens..
Somecurrency analist also suggest people to sell their gold for bitcoins because they strongly believe that bitcoin is far more profitable.

That is really silly of them. Gold isn't a way to "profit", gold should be a method to preserve wealth against fiat money inflation. There is also a limited quantity of Bitcoin (as there is with gold), but being a digital currency which have been subject to sever fluctutations it is much more speculative than gold.... two completely different matters.
Gold isn't really limited though. Gold is constantly being mined, and it can also be produced in the lab. And while producing gold is too expensive to be worth it right now, we might very well end up with a scientific breakthrough that could change this.

That's actually a good point against gold vs bitcoin hah.. but overall there's no comparison about which one of the two is the best storage of wealth as only one of them has been around for thousands of years and is easy to carry and exchange. Let alone bitcoin fees which are prohibitive!
Bitcoin fees are tiny compared to Gold transaction fees. Or do you not value your time or effort of physically moving gold around?

Gold is definitely the safer option when it comes to storing wealth though, at least for now.


Bitcoin fees are smaller than gold's if we are talking about selling ingots and nuggets and gold coins. Not much of a waste of space and time though as due to the high price per gram big portions of wealth can be stored in a standard business suitcase.
I agree with gold being the safer option. Actually I think it's the safest of all, including land, real estate, stock market and obviously fiat which has always been a big loser in that regard thanks to fractional reserve.



If you have to physically move your gold it'll be more expensive than transacting Bitcoin. And if you're buying gold at some place that stores it for you, you're kind of wasting the biggest purpose of owning gold in the first place.
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November 05, 2017, 09:37:17 AM
 #59

My strategy for the next fork, that is supposed to take place around 20th nov.
If there are exchanges that support it and credit B2X for BTC in 1:1 ratio, then i will sell all my alts to buy just and only BItcoin. (nowdays i dont have a cent in BTC). This B2X seems by far very more worth than the BTG shit.. JUst right after the fork, dumping of BTC to buy the bleeding alts that will be around cryptomarket. I will keep the B2X at least for some days (as there is no replay protection, so better safe than sorry) and then decide if keep or dump also.
NOw the question is.. it is smart to sell my damaged altcoins still with lost (since i bought during the summer ATH) and start accumulating BTC? when should i do it? will the altcoins have another rise like yesterday? will BTC still drop more ?
take in mind that last time, people began accumulating BTC as long as 3 weeks before the hardfork... so no much time left for a decision.
what do you think?
If you're going to pull this off (selling all your alts to get segwit2x and sell right away), you better have your timing down really well. I'm predicting almost everyone will dump their segwit2x as soon as it hits exchanges, which will see a huge drop in prices. I mean it is free money though, so I don't see why not. But there is a chance you could lose more money though, because many people may sell their segwit2x and buy altcoins...

Honestly, I think I'm just going to stick with the altcoins I bought for cheap

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November 05, 2017, 01:33:52 PM
 #60

My strategy for the next fork, that is supposed to take place around 20th nov.
If there are exchanges that support it and credit B2X for BTC in 1:1 ratio, then i will sell all my alts to buy just and only BItcoin. (nowdays i dont have a cent in BTC). This B2X seems by far very more worth than the BTG shit.. JUst right after the fork, dumping of BTC to buy the bleeding alts that will be around cryptomarket. I will keep the B2X at least for some days (as there is no replay protection, so better safe than sorry) and then decide if keep or dump also.
NOw the question is.. it is smart to sell my damaged altcoins still with lost (since i bought during the summer ATH) and start accumulating BTC? when should i do it? will the altcoins have another rise like yesterday? will BTC still drop more ?
take in mind that last time, people began accumulating BTC as long as 3 weeks before the hardfork... so no much time left for a decision.
what do you think?
I think its a good plan, although as mentioned its all about timing,
and that also depends on the alts you are selling. The potential to
earn free bitcoin to be traded back to alts and gain all the while is good.

What is the likelihood of the coins still being relatively the
same price after the fork?

Sowe are looking at coin analysis and timing!

R


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