Ethereum fork for short term profit?

[Indiladhar]

Disclaimer: I already own 15 or so different altcoins for long term hold, that won’t sell for several years.

I’m looking to purchase before the fork, investing maybe $1k, for a short term profit. Hoping the prices rises, I can sell before the dump. If there is the drop in price, these can also be held longer term until profitable.

Thoughts?

[CryptoBuds]

It's already too close to the moment of the hardfork, so I wouldn't expect that short term profit. Most probable you'll get loss. But I can give you 100% guarantee that in long term ETH will make many Xs.

[Indiladhar]

If that is the case, smarter to wait until the loss and then purchase at a cheaper price?

[syberwolfen]

It's already too close to the moment of the hardfork, so I wouldn't expect that short term profit. Most probable you'll get loss. But I can give you 100% guarantee that in long term ETH will make many Xs.

Agree that short term are always risky as the market can Jump anywhere like pump or dump, Yes these days we are suffering early losses in short term, That's why experts always suggest to plan for long term.

[herdiansyahdanang]

it will not be guaranteed before the harfork ethereum will pump, for now ethereum is back down 1% there are no surprising signs, then we must be careful to invest in the short term.

[Janevinex]

It's already too close to the moment of the hardfork, so I wouldn't expect that short term profit. Most probable you'll get loss. But I can give you 100% guarantee that in long term ETH will make many Xs.

I agree, I think yesterday's growth is just a rebound and we will continue to fall, it is unlikely that the fork brings profit now, I expect a further fall in Ethereum!

[Okity21]

Indeed Ethereum can soon soar on the cryptocurrency market, but no one can predict exactly when it will fall to the bottom.
It seems to me, before making a decision on buying up a large number of coins in the hope of their rapid rise, you should weigh everything carefully, a long-term perspective may suit you.

[Moeda]

I have the same thoughts as you in this matter. But there are different ways we can do it. I bought at least 1000 coins that are currently low prices for me to hold, and I will not sell even though the price starts to rise. I want to hold on for a long time.

[bitcoinst]

Be careful, now the price of Ethereum may start to grow, because quite a few people will want to make money on hard fork and buy Ethereum before starting a short-term pump,
but it may happen that before the hard fork the price will collapse.

[trash321]

As far as I understand today there was nothing that had been foreshadowed before. Nobody began to invest in ETH as for example it was with BCH or BTG, now you understand that these are ordinary manipulative movements. Therefore, now we can only say that today there is no honesty.

[Indiladhar]

My reasoning: it is better to purchase now when the price is low for me. Even if it drops, I still purchased at a low price and can just hold for profit in future. If I don’t buy, and the price rises, I’ve missed out AND the price is now higher for when I want to buy.

[Prompyboo]

I can say that now you should not invest your money in altcoins. I think that prices will be even lower in a month

[e@symode]

Of course, the plans were quite normal, that is, to start investing in ETH as it was before and then sell forks that would really start to go up. But nothing like this happened, because investors simply left the market.

[akuser]

Hardfork is a scary thing. this is indicated by the decline in current eth prices.
hardfork this time only repairs the network and does not provide airdrop as usual.

[kiansantan]

it's better to buy now when the price is low for me. Even if it goes down, I still buy at a low price and can only save for future profits. If I don't buy, and the price goes up, I've missed AND the price is now higher when I want to buy.

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AVATAR

[Justindud]

The market is way too volatile, no such surge in the price is been witnessed so far, Looking into short term expect is not a cool choice as most of the currencies are falling! The better option is to hold what you have in your kitty instead of going for the pump and dump in this crazy market.

[asayoyaasa]

Ya, news about hardfork for altcoin that is make the traders have additional strategy, they are not thinking about the airdrop for holding coin. We can learnt about NXT's fork, which is make lot of NXT holder crying a whole years.
If you're not miner, don't thinking about hardfork. If you're just trader, you can using that moment for instant profit.

[DanWalker]

The hardfork has been delayed due to the vulnerability revealing, so the last growing from 85 up to 160 is over I guess. It seems that 1k for BTC is not that unachievable and if it'd be so ETH will drop below 60 for sure.

[watergold]

The hardfork has been delayed due to the vulnerability revealing, so the last growing from 85 up to 160 is over I guess. It seems that 1k for BTC is not that unachievable and if it'd be so ETH will drop below 60 for sure.

well we have almost the same thinking. but I think for the price of ETH there will be 80 and stay at 80 dollars for the lowest price. but if that happens it hurts a lot