Bitcoin whales have found a new way to suck the wealth from alt coiners now by making all of these forks btc gold 2x and bitcoin cash.
They are automatically receiving the huge lions share of all these new ALTS (the forks of btc) for simply holding their BTC there is no risk to their huge stashes of BTC they are simply going to get it all for free. You will get nothing (much except some crumbs ) for free you will be forced to buy from them from now on if you want any of this junk.
Now if you are holding a lot of alts the best thing to do
1. Remove all of your sell orders (remove 100% before the 15th)
2. Never purchase any more forks of btc not even to try to day trade
3. Re enter all of your alt sell orders 5X higher than they are now after the fork
4. Hold and do not give in. This will work if you are holding quality alt coin projects if you are not holding quality projects then start making sure you move into quality projects right now.
Even if only 25% of altcoin holders followed this protocol right now you will force an end to this never ending forking and airdrop bullshit based on BTC balances and cause huge spikes in the quality alt coin projects that btc whales want in on but want to get them for next to nothing. In fact they will probably end up getting your alt coins for free.
You think you are getting free coins. You will end up with a net loss from all of this unless you are very shrewd, very lucky or have a huge BTC wallet.
Alt coiners are getting shafted with these forks.
They are automatically receiving the huge lions share of all these new ALTS (the forks of btc) for simply holding their BTC there is no risk to their huge stashes of BTC they are simply going to get it all for free. You will get nothing (much except some crumbs ) for free you will be forced to buy from them from now on if you want any of this junk.
Now if you are holding a lot of alts the best thing to do
1. Remove all of your sell orders (remove 100% before the 15th)
2. Never purchase any more forks of btc not even to try to day trade
3. Re enter all of your alt sell orders 5X higher than they are now after the fork
4. Hold and do not give in. This will work if you are holding quality alt coin projects if you are not holding quality projects then start making sure you move into quality projects right now.
Even if only 25% of altcoin holders followed this protocol right now you will force an end to this never ending forking and airdrop bullshit based on BTC balances and cause huge spikes in the quality alt coin projects that btc whales want in on but want to get them for next to nothing. In fact they will probably end up getting your alt coins for free.
You think you are getting free coins. You will end up with a net loss from all of this unless you are very shrewd, very lucky or have a huge BTC wallet.
Alt coiners are getting shafted with these forks.
Now here's a smart and reputable man, with some knowledge of the markets. Cryptohunter is no novice when it comes to altcoins, he's been here for just about everything (from what i can recall), digging in his posts i can guarantee you this man was there the days when ethereum and NEM where newcomers to the scene.
Regardless, after all this bullshit occurs with segwit Bitcoin will decrease, how much? couldn't tell you. But what can be said was said above about altcoins.
Now, segwit is not the end to Bitcoin forks, it's only the beginning, as all the mining clubs see how successful these forks are, the hunger will continue for more free $$$$$
