Strategy for upcoming BTC fork?

[reliable]

I am going to hedge my bets, I will sell a portion of bitcoin pre fork and invest in alts, then I will sell another portion post fork to invest in alts (if the signs are looking good) and finally I will leave the rest in bitcoin throughout.

I think the result of price drop below 7100$ now of btc is due to people have actually started selling already now itself. There is still time left for the fork to happen and thus if this continue we can easily see the btc prices felling below 6500$ in coming days which may not be a good thing to happen.

[ReLieD]

There is no basic strategy to use for such forks . The only thing I know so far is that you need to own as much btc as possible in your wallet of which you have the private key in order to get benefits of the fork.

Basically when Bitcoin splits we get an option to claim the same number of Bitcoins we own in the form of the new coin that was created after the split. Like if you own say 0.5 btc you get 0.5 bch as well at the time of split.

And about the fall of prices , they will definitely fall now but then there as estimates which say that Bitcoin has the potential to reach 50k USD by the end of 2k18. So it's better to just ignore the facts about the fork let it go with the flow.

[LssPssn]

There is no basic strategy to use for such forks . The only thing I know so far is that you need to own as much btc as possible in your wallet of which you have the private key in order to get benefits of the fork.

Basically when Bitcoin splits we get an option to claim the same number of Bitcoins we own in the form of the new coin that was created after the split. Like if you own say 0.5 btc you get 0.5 bch as well at the time of split.

And about the fall of prices , they will definitely fall now but then there as estimates which say that Bitcoin has the potential to reach 50k USD by the end of 2k18. So it's better to just ignore the facts about the fork let it go with the flow.

Woooow 50k in the en 2k18??  Ive read somewhere that we finish this 2k17 with BTC at 10K... Hope you are right for the next year!

Anyway... Someone knows if Bitfinex supports this fork? o I have to put my BTC in my electrum wallet or another? Thanks!

[bitcoinmining]

I am going to hedge my bets, I will sell a portion of bitcoin pre fork and invest in alts, then I will sell another portion post fork to invest in alts (if the signs are looking good) and finally I will leave the rest in bitcoin throughout.

selling your one portion of bitcoin is a good choice. because anyhow after this fork the price drop and you can buy it again for less price. and investing in altcoins is best idea now all alts are dropped good time to invest.

Keep your BTC if it doesn't go lower than $6500, until the fork 'HODL!' and after that watch for the show!  Nobody can know what will happen after the fork, trade at your own risk please

[swaptaker]

Hi guys,

new here, been reading a lot of tips & tricks and learning a lot from all you guys so thank you for that already! 

About the upcoming Segwit2X BTC fork I was wondering what trading strategy you are considering. Given the past two forks of BCH and BTG, I assume:
1. The overpriced BTC goes immediately down after the fork and settles at near the 5k area (just an estimate).
2. The value from BTC flows mostly and directly to the altcoins.

As there is no way to accurately predict when block 494,784 is mined, there is a good chance some of us are sleeping (as I was during the BTG fork) while all this action takes place.
From logical perspective, I'd want to move my BTC to e.g. LTC/XRP/IOTA/.... almost instantly after the fork. Hereby I take my gains from BTC while also profiting from the increase in altcoin values. In a later stage, I will use the surplus from the alts so re-invest in BTC and end up with more than I have right now. However, as I will likely have most my BTC on my ledger and exchanges do not support consequential trade orders (e.g. (1) sell BTC, (2) buy XXX etc), this might prove difficult.

So.. What strategy will you be using? 

I'll wait until the last 2 days for bitcoin fork. I mean I won't take action until there is 2 days left.

I'll watch altcoin market, if it decreases, this is a good sign for bitcoin.

I'll also try to follow the last news about upcoming fork. Will it be adopted by the celebrities of bitcoin community, or no. This is important.

[Washball]

I will hold bitcoin no matter what. The price may lower a few hundred dollar, because of people selling, but that will proof to be a mistake. Bitcoin will recover and the price will go up after the fork. You might want to play safe and sell now to buy later, but that will be a mistake. Bitcoin will be 10K end of the year.

[Razick]

You don't need a strategy to take advantage of forks. All you need to do is make sure that you are holding Bitcoin with your own private keys and not on an exchange or anything of that nature (obviously as you do not control your private keys). When airdrops happen, simply follow the instructions provided to access your free coins/tokens.

[ceferov]

I think we should watch what happened in BCH fork. Same may happen this time also. BTC needs a huge correction

[ArnoldChippy]

I think we should watch what happened in BCH fork. Same may happen this time also. BTC needs a huge correction

we are not expecting any correction before the hardfork. People are expecting free bitcoins after hardfork therefore they are holding bitcoin and are not interested to sell it right now. But after hardfork a little correction is expected which can cause the price of bitcoin down a little but not for a long time. After some time the price of bitcoin will again start rising and hope that it will reach to 10000$ very soon.

[thet]

Hold my bitcoin, it is my decision for now but it may change depends on the reactions of the market before the hardfork may take effect. Let us observe the market before and after the hardfork.

[moynul2050]

Hold my bitcoin, it is my decision for now but it may change depends on the reactions of the market before the hardfork may take effect. Let us observe the market before and after the hardfork.

Nothing I get with Hardfork, until now I'm still waiting for BTG. no official news and very disappointing.
hardfork is just a boring issue.

[EcoBeast]

Would it be smart to purchase 25k USD of BTC prior to the fork (as soon as this week), put it in a wallet and hodl til after the fork?   Or better to wait til after the fork to purchase BTC?

[ramsdaj28]

Hi guys,

new here, been reading a lot of tips & tricks and learning a lot from all you guys so thank you for that already! 

About the upcoming Segwit2X BTC fork I was wondering what trading strategy you are considering. Given the past two forks of BCH and BTG, I assume:
1. The overpriced BTC goes immediately down after the fork and settles at near the 5k area (just an estimate).
2. The value from BTC flows mostly and directly to the altcoins.

As there is no way to accurately predict when block 494,784 is mined, there is a good chance some of us are sleeping (as I was during the BTG fork) while all this action takes place.
From logical perspective, I'd want to move my BTC to e.g. LTC/XRP/IOTA/.... almost instantly after the fork. Hereby I take my gains from BTC while also profiting from the increase in altcoin values. In a later stage, I will use the surplus from the alts so re-invest in BTC and end up with more than I have right now. However, as I will likely have most my BTC on my ledger and exchanges do not support consequential trade orders (e.g. (1) sell BTC, (2) buy XXX etc), this might prove difficult.

So.. What strategy will you be using? 

Really? Why are you going to move your investments from BTC to altcoins during bitcoin forking? I think, the best thing to do a week or two before the bitcoin forking is that you should invest your money in bitcoin, then put it in a wallet that supports the forking (i.e. you'll receive the equivalence of your bitcoin in terms of the bitcoin forked coin).

It is also not a good idea to move your investments from BTC to altcoins even after forking because as you can see, a lot of altcoins are on a freefall in the past 2 months, especially the top altcoins like ETHEREUM and ALTCOIN. There's no point on moving your money from the cryptocurrency that continuously rise up (BITCOIN) to an altcoin that has a falling value.

[bubblebit]

Btc2x or Segwit2x is a coin that might be created this coming November 16th fork. Obviously it is not yet available and can’t be trade in time. All I have to do is stop everything and HODLing before and after that day to have free coins that I will dumped seriously fast. I don’t want to hold much fork coins for now to discourage this kind of things.

I have no enough bitcoin left and I’m saving now for that. Investing will be needed but on the minimum only, I can’t afford to bought more than 1000$ worth of bitcoin.

[cryptoalfs76]

Hi guys,

new here, been reading a lot of tips & tricks and learning a lot from all you guys so thank you for that already! 

About the upcoming Segwit2X BTC fork I was wondering what trading strategy you are considering. Given the past two forks of BCH and BTG, I assume:
1. The overpriced BTC goes immediately down after the fork and settles at near the 5k area (just an estimate).
2. The value from BTC flows mostly and directly to the altcoins.

As there is no way to accurately predict when block 494,784 is mined, there is a good chance some of us are sleeping (as I was during the BTG fork) while all this action takes place.
From logical perspective, I'd want to move my BTC to e.g. LTC/XRP/IOTA/.... almost instantly after the fork. Hereby I take my gains from BTC while also profiting from the increase in altcoin values. In a later stage, I will use the surplus from the alts so re-invest in BTC and end up with more than I have right now. However, as I will likely have most my BTC on my ledger and exchanges do not support consequential trade orders (e.g. (1) sell BTC, (2) buy XXX etc), this might prove difficult.

So.. What strategy will you be using? 

The ony way to avoid,lossing bitcoin or altcoin in your wallet is by holding your all  investment,and wait to turns the scenario back to normal,because of this hardfork coming many transaction would delay,misplaced,erratic and transparent.so avoid this,  the best strategy is hoard all your asset,do not gain profits,and follow the basic fundamental analysis.

[dominikas18]

Hi guys,

new here, been reading a lot of tips & tricks and learning a lot from all you guys so thank you for that already! 

About the upcoming Segwit2X BTC fork I was wondering what trading strategy you are considering. Given the past two forks of BCH and BTG, I assume:
1. The overpriced BTC goes immediately down after the fork and settles at near the 5k area (just an estimate).
2. The value from BTC flows mostly and directly to the altcoins.

As there is no way to accurately predict when block 494,784 is mined, there is a good chance some of us are sleeping (as I was during the BTG fork) while all this action takes place.
From logical perspective, I'd want to move my BTC to e.g. LTC/XRP/IOTA/.... almost instantly after the fork. Hereby I take my gains from BTC while also profiting from the increase in altcoin values. In a later stage, I will use the surplus from the alts so re-invest in BTC and end up with more than I have right now. However, as I will likely have most my BTC on my ledger and exchanges do not support consequential trade orders (e.g. (1) sell BTC, (2) buy XXX etc), this might prove difficult.

So.. What strategy will you be using? 

I'll wait until the last 2 days for bitcoin fork. I mean I won't take action until there is 2 days left.

I'll watch altcoin market, if it decreases, this is a good sign for bitcoin.

I'll also try to follow the last news about upcoming fork. Will it be adopted by the celebrities of bitcoin community, or no. This is important.

Hi guys! I have few thoughts regarding the strategy for the upcoming Fork, would be glad to hear your opinion on the topic:
https://youtu.be/fpWNENPsNw4

[ThunderCatSteve]

The best strategy you could have for the upcoming BTC fork is to just hold your bitcoins and let them gain more value after people realize SegWit2X is just another forkcoin and has no real long term value, other than the short term speculative value it can provide. I'll be holding my coins with my Samourai wallet though as they'll have fork detection, coin-splitting, and an auto-dump feature.

As far as biotin are concerned, yes I am on the side of holding. Day trading helps you a lot but that consume your much energy and time. Plus you have to sit before the screen and the whole day you are just calculating everything, every time.

So need is to save your time and energy, putting in some other fantastic work. So only holding can help you in this regard with incredible results.

[carriebee]

The best strategy you could have for the upcoming BTC fork is to just hold your bitcoins and let them gain more value after people realize SegWit2X is just another forkcoin and has no real long term value, other than the short term speculative value it can provide. I'll be holding my coins with my Samourai wallet though as they'll have fork detection, coin-splitting, and an auto-dump feature.

As far as biotin are concerned, yes I am on the side of holding. Day trading helps you a lot but that consume your much energy and time. Plus you have to sit before the screen and the whole day you are just calculating everything, every time.

So need is to save your time and energy, putting in some other fantastic work. So only holding can help you in this regard with incredible results.

Bitcoin price drops after this segwit cancellation. If you sell now you lose your money. Yes holding is the best these days to save your funds.

[jcowallace1968]

I think Bitcoin Cash will win.

Yeah, no fork make bitcoin cash become new king. I susprise with it rising.

[DaMut]

I think Bitcoin Cash will win.

Yeah, no fork make bitcoin cash become new king. I susprise with it rising.

Nope Bitcoin Cash will never be,
why ? because it was not Bitcoin but instead it was the Alternative Coin.
indeed they declared it about suspended the segwit2x,
but it does not mean it will not in the future,right ? the reason behind their move a day ago because of the community themself.
with fork Bitcoin gained a lot of Pros and Cons,what will happen if Bitcoin supporter divided into 2 group if they keep forcing it ?
they're making move for a long term project,
we need it because it will help the network,but right now it's not a good time to do it because of the differences in Bitcoin users opinion.
just becareful with your thing so called 'New King' in a few weeks later on,
you can lose all of your money in a second if you do not your own research properly.