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Author Topic: My strategy for the next hardfork SEGWIT2X  (Read 3478 times)
jack1111
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October 27, 2017, 08:37:21 PM
 #21

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.
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October 27, 2017, 09:15:49 PM
 #22

I think that is the best thing you can do, a lot of people are going to sell their alts just to jump in to the bitcoin train, it has been happening the same during the last fork, that is why it increased by a lot of money during the past few weeks.
Anyway, i will try to do the same, but i dont like the way that bitcoin is going up so quickly, but i still trust in it after all. But i will keep my bitcoins until the fork, i do want to receive those coins for free too.
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October 27, 2017, 09:17:05 PM
 #23

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

hosseinimr93
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October 27, 2017, 09:27:14 PM
 #24

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



This is the worst decision any one can makes. Selling BTC for Bitcoin Segwit 2x when most probably all people will sell their Bitcoin Segwit 2x!!!!

and why finally sell them for Bitcoin Cash? It is so risky and it is like a gamble with very low chance.

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October 27, 2017, 09:49:05 PM
 #25

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?

That is not so good idea because the majority of the community thinks the same. Look at the bitcoin gold if you had just bought the bitcoin and sold a the top instead of waiting for btg drop, you would have made more money just by doing this. The 2x fork is very bad for the bitcoin community, they are trying to destroy and split it, but I don't think that they will succeed, as the bitcoin community after first fork is stronger than ever, everyone is running their own nodes right now

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October 27, 2017, 09:53:55 PM
 #26

Dont put all your money in bitcoin because what if the price of bitcoin decrease or fall . Your money lose also . Yes they have posibility that you earn big becuase the amount of bitcoin that you the amount bit2x you will get also like bitcoincash what if the price of the next bit2x will collect the funds of bitcoin for sure it will decrease the price. But all decision is yours always be careful of you doing.
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October 27, 2017, 11:11:42 PM
 #27

In my opinion better don't buy Bitcoin just for earning from fork.
Just keep you coins and they will also rise up.

Fork from Bitcoin was only one time with success. Freebie can be only 1 time.

i think its a good time to sell it and buy back your altcoins
like if you have eth around 10k usd and sell it into bitcoin
wait until the hardfork happen, after that you buy your ethereum back

so after that you get more money than before, since you have 10k worth of eth and plus bonus BTG or bitcoin gold
SHITTRADINGDON
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October 30, 2017, 11:26:09 PM
 #28

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



This is the worst decision any one can makes. Selling BTC for Bitcoin Segwit 2x when most probably all people will sell their Bitcoin Segwit 2x!!!!

and why finally sell them for Bitcoin Cash? It is so risky and it is like a gamble with very low chance.

I don not think so. SW2X will first get major hashrate. After market does it´s work, maybe 2X looses value. But Bitcoin Cash will compete with 1X and 2X as SegWit free Bitcoin. It will continue to grow because it is more useful than BTC. I expect at least 50% worth of BTC
Hallmader
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October 30, 2017, 11:57:51 PM
 #29

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?

This is going to gather different ideas for sure. The responses will vary because there will be those individuals here that considers with importance the free B2X that they will receive by simply holding bitcoin. There are also those individuals who will say that it is not a good decision to dump all altcoins just to receive some free B2X. For me, do not put all your investments in a single side of the coin. You may convert half of your portfolio for bitcoins and the rest for altcoins. 

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kmorman92
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October 31, 2017, 12:06:44 AM
 #30

Anyone knows what exchanges will duplicate the BTC to SEWIT2X?
Freegan
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October 31, 2017, 12:12:47 AM
 #31

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 agree with your strategy because I plan to do something similar. Also, since I have distributed my bitcoins in different wallets, I plan to accumulate my coins in those wallets that offer to credit B2X. In this way there is nothing to lose, only easy and free earnings.
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October 31, 2017, 12:22:36 AM
 #32

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
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October 31, 2017, 12:29:20 AM
 #33

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'm thinking about doing the same but because my portfolio consists 70% of bitcoin i won't sell my altcoins at a loss, i will just keep holding them.
and like you said i also think that it B2X should be far more valuable than Bitcoin Gold (bad premine coin imo) , but i don't know if BTC will dump this time
or if B2X maybe becoming the dominant chain, snatching up cheap altcoins sounds really good but it wouldn't help me much if they just keep falling cuz of a
Bitcoin war, i'm worried about what's to come
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October 31, 2017, 01:30:26 AM
 #34

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 agree with your strategy because I plan to do something similar. Also, since I have distributed my bitcoins in different wallets, I plan to accumulate my coins in those wallets that offer to credit B2X. In this way there is nothing to lose, only easy and free earnings.

i think its not wise to sell all altcoin to just have btc in our wallet and expecting to get free new coins from btc but if you are fine with the lose of your altcoin then you can try it. and if you want to sell your altcoin, then you should sell before the segwit2x is coming or before two or three days before segwit2x.  but for me, i don't want to sell my altcoin because i am sure that altcoin will back increase when the btc price is down, i can waiting until the  altcoin price is increase again.

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October 31, 2017, 09:15:24 AM
 #35

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?
Which alts did you buy? If the picks are good I would just keep holding.
What he said!

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October 31, 2017, 09:59:58 AM
 #36

You shouldn't take bitcoin gold fork as being the same as Segwit2x. The two events are really not comparable, bitcoin gold was basically just another alt whereas segwit2x is a proper chain split.
With the btc gold split, basically no-one lost any faith in btc, everyone just viewed btc gold as a free airdropped alt. Segwit2x is different and could be really chaotic. We might see an alt dump like before bitcoin cash, or alternatively people might want to stay out of crypto altogether until everything settles down again after the fork. Really difficult to say. I think there will be a lot of different strategies in play.






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October 31, 2017, 10:25:03 AM
 #37

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?
Which alts did you buy? If the picks are good I would just keep holding.

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October 31, 2017, 10:37:54 AM
 #38

I would go 50% BTC and 50% altcoins if you actively research cryptocurrencies. I find holding all Bitcoin gets a little boring (although probably the best thing to do for low risk, high profit).
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October 31, 2017, 12:06:40 PM
 #39

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.
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October 31, 2017, 12:54:00 PM
 #40

The experience I get from last fork is that alt didn’t bounce much (about 10%) and BTC recovered within 2 days. Even there is a dump event after the fork in Nov. I doubt BTC will be decreasing value a lot, and it might take altcoins weeks to start grow gradually.
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