There's only one thing I will do;
Hold Hold Hold (oh that's 3).. just kidding. I have decided already that I will keep my bitcoin and will accept the risk of holding this. If BCC will prevail, then so be it. If bitcoin will continously increase it's value, then much better.
No big risk , no big reward. I will accept whatever will happened.
Topic: August 1 strategies. Opionion needed? - page 3. (Read 1578 times)
Being a long term holder I never need to concern these and all. I am cool as ice and just watching what you people are trying to impact. I have already moved out all my bitcoins into my desktop wallet hence I am all set. I guess this is enough strategy I need to do due to this aug 1.
I prefer this one
Main Assumptions:
People are piling BTC now so they can get free BCC.
Immediately sell after the price matches, will many people who get BCC immediately free, then sell it, BCC prices will go down.
I am not sure BCC will be able to compete with BTC. BTC remains king.
Main Assumptions:
People are piling BTC now so they can get free BCC.
Immediately sell after the price matches, will many people who get BCC immediately free, then sell it, BCC prices will go down.
I am not sure BCC will be able to compete with BTC. BTC remains king.
Hello guys i have some strategies and assumptions for August 1. Can i get your opionions on them :
Strategy 1:
Buy bitcions now and get free BCC. Imdeiatly after the hardfork sell your bitcoins because the price of btc will drop for a short time. Then buy bitcoins again the next day or 2 a lot cheaper. I do belvie the price of btc will drop around 10% -20% for a short time after the bcc release, because a lot of guys are now piling bitcoins jsut go the the free bcc, thats why we see the current spike of 10% to the USD despite the hardfork FUD. Also if you look at the history same thing happened with NXT and Ardor. People were piling nxt to get free ardor and after they were credited NXT crashed. Also after the hard fork of ethereum, price of ethereum classic crashed around 30%. So it's normal to except devaluation in the short term after the bcc split.
However a big side effect of the strategy will be that ,it will create a big hype around the BCC( good or bad its still a hype), you know a lot of people will try to dump their "free" bcc and earn as much as they can, so bcc will be the center of attention in the crypto market for a day or two. And who really knows what may happen because of that, a lot of traders may find it as a nice opportunity to make money out of the fast market and so a big interest around BCC may appear.
Strategy 2:
Put everything in USD. Wait for August 1st. Assuming the price will drop. Buy bitcions then.
Strategy 3:
Buy altcoins now cheap, because btc is main interest and altcoins are cheap.
Main Assumption:
People are piling BTC now so they can get free BCC.
Opposite Assumption:
After the split. People will see big decrease in BCC price, because a lot of people will want to jsut dump. Which will be a signal for succsess for the BTC, in which case BTC price will go up.
Question:
What do you think is gonna happen to BTC price in Poloniex close before and during the August first split?
My assumption is that the price wil either freeze or it will start decreasing in fast pace. Because the people who want free BCC will have their coins in non-exchange wallets already.
Strategy 1:
Buy bitcions now and get free BCC. Imdeiatly after the hardfork sell your bitcoins because the price of btc will drop for a short time. Then buy bitcoins again the next day or 2 a lot cheaper. I do belvie the price of btc will drop around 10% -20% for a short time after the bcc release, because a lot of guys are now piling bitcoins jsut go the the free bcc, thats why we see the current spike of 10% to the USD despite the hardfork FUD. Also if you look at the history same thing happened with NXT and Ardor. People were piling nxt to get free ardor and after they were credited NXT crashed. Also after the hard fork of ethereum, price of ethereum classic crashed around 30%. So it's normal to except devaluation in the short term after the bcc split.
However a big side effect of the strategy will be that ,it will create a big hype around the BCC( good or bad its still a hype), you know a lot of people will try to dump their "free" bcc and earn as much as they can, so bcc will be the center of attention in the crypto market for a day or two. And who really knows what may happen because of that, a lot of traders may find it as a nice opportunity to make money out of the fast market and so a big interest around BCC may appear.
Strategy 2:
Put everything in USD. Wait for August 1st. Assuming the price will drop. Buy bitcions then.
Strategy 3:
Buy altcoins now cheap, because btc is main interest and altcoins are cheap.
Main Assumption:
People are piling BTC now so they can get free BCC.
Opposite Assumption:
After the split. People will see big decrease in BCC price, because a lot of people will want to jsut dump. Which will be a signal for succsess for the BTC, in which case BTC price will go up.
Question:
What do you think is gonna happen to BTC price in Poloniex close before and during the August first split?
My assumption is that the price wil either freeze or it will start decreasing in fast pace. Because the people who want free BCC will have their coins in non-exchange wallets already.
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