It's actually better to invest in BTC before any fork happens. The price of BTC keeps increasing day by day regardless of the fork.
The price declines only if there is a negative news in the market that spreads among the people and makes an negative impact on the price of BTC.
So, it's better to invest in BTC as early as possible and if we know there is an upcoming fork then it's the best to put as much as money into BTC because that's what people are going to do which makes BTCs price to jump before the fork so that they can get a good return for their investment.
After the fork the price usually goes down as people sell their BTC for fiat and Alts.
Topic: is it better to invest in bitcoin prior to "forks" or after "forks" ? - page 2. (Read 542 times)
October 26, 2017, 10:30:41 PM
October 26, 2017, 09:51:02 PM
I'm still hold bitcoin and try to sell partially if I've reach profit.
As I can see when forking is happening, whale trader try to affect bitcoin value globally but I've commit to myself, that I will keep my most of bitcoin until next 4 years
As I can see when forking is happening, whale trader try to affect bitcoin value globally but I've commit to myself, that I will keep my most of bitcoin until next 4 years
October 26, 2017, 09:33:54 PM
positive & negatives , cause & affect, action & reaction
this august fork give bitcoin so much bad experience in price its going so low by 70% but after that the bitcoin recover the price this septemberi think the positive in that experience is you can invest after the fork
I think the negative in that experience is making many investor panic
October 26, 2017, 09:13:17 PM
I cannot say that bitcoin will drop before the fork or after the fork if you are waiting for the price to go down so you can buy and invest what is obvious today is that the value of bitcoin reach $6200 and I'm sure many investors are now thinking to sell their coin because they are afraid that bitcoin might drop during the fork. It's up to you if you want to invest now just be ready to take the risk.
October 26, 2017, 09:11:03 PM
positive & negatives , cause & affect, action & reaction
Ignore the forks.
Invest in AND USE Bitcoin if you believe in and want to further the idea of people moving to freedom from debt based currencies, freedom from national fiat money schemes and guys in three piece suits in skyscrapers telling them....
"Trust me."
That INCLUDES freedom from the new crowd of guys in three piece suits from skyscrapers who are trying to gain control of crypto currencies or enrich themselves from it.
October 26, 2017, 09:01:16 PM
I'd say prior before the event. Looking at the charts, there would be a gloomy day in which you can buy coins at a discounted price, a slight push forward, retrace and then after the fork, price will jump. Also by buying before the fork, you'd be hitting two birds in one stone, so all in all you'd be in a win-win situation if you invested before any upcoming forks.
October 26, 2017, 08:13:50 PM
in my opinion best time to invest btc is 2-3 weeks before forks.
Because the price of bitcoin will touch the lower support and that's the best time to buy.
The price will be all time higher 1-3 days before forks, so you can sell at that time or you can save it to receive the "child" of bitcoins
Because the price of bitcoin will touch the lower support and that's the best time to buy.
The price will be all time higher 1-3 days before forks, so you can sell at that time or you can save it to receive the "child" of bitcoins
October 26, 2017, 08:06:53 PM
Taking this last gold fork as an example. The price went higher leading up to the fork, then tapered off directly afterwards... and now it rose up again. So I would say given that example that it would have been nice to invest a month prior before the fork starts to gain momentum. Then sell directly after, waiting only a day or two before reinvesting.
In general just look at what happened in the past and play that hand for the future. That is the best predictors, plus media output... however no one really knows what's going to happen short-term. Long-term... its a great investment.
Good luck!
I totally agree, the last two forks have shown that it's better to purchase a few weeks/month before the fork and then hold till a few days before the fork. Let's not forget that before both forks, Bitcoin achieved a new all time high record. Thus, buying some weeks before the fork and then selling just a few days before it happens has shown it's the best option so far. In general just look at what happened in the past and play that hand for the future. That is the best predictors, plus media output... however no one really knows what's going to happen short-term. Long-term... its a great investment.
Good luck!
October 26, 2017, 08:05:01 PM
Taking this last gold fork as an example. The price went higher leading up to the fork, then tapered off directly afterwards... and now it rose up again. So I would say given that example that it would have been nice to invest a month prior before the fork starts to gain momentum. Then sell directly after, waiting only a day or two before reinvesting.
In general just look at what happened in the past and play that hand for the future. That is the best predictors, plus media output... however no one really knows what's going to happen short-term. Long-term... its a great investment.
Good luck!
In general just look at what happened in the past and play that hand for the future. That is the best predictors, plus media output... however no one really knows what's going to happen short-term. Long-term... its a great investment.
Good luck!
This EXACTLY. News prices into bitcoin almost instantly, and totally, Its aside effect of markets always being open, and the relative maturity of the average investor in this space. I digress. You want to be holding coins at least a month or two before the fork is going to happen; at the very least you will profit off of the increased demand as people position for a snapshot. Its hit or miss closer to the snapshot; the capital outflows from bitcoin into the new alt, and other depressed alts (people sell alts to position for the snapshot.).
After, because these alts always fail, we see a resurgence of interest in btc, as indicated by the bump in price
October 26, 2017, 07:53:35 PM
Either is the answer. Bitcoin is here to stay so the earlier you buy in the better.
Regarding the forks though, if you want to make a little extra free cash then I’d say before.
Although the price slumps slightly, you end up with a wallet containing free coins (like BCH and BCG) which you can then sell before watching BTC rise to pre-fork values again. It’s basically a win win situation.
Regarding the forks though, if you want to make a little extra free cash then I’d say before.
Although the price slumps slightly, you end up with a wallet containing free coins (like BCH and BCG) which you can then sell before watching BTC rise to pre-fork values again. It’s basically a win win situation.
October 26, 2017, 07:50:12 PM
Good question.
Before the August fork, Bitcoin declined. After the August fork, Bitcoin rallied.
Before the October fork, Bitcoin rallied. After the October fork, Bitcoin declined.
Before the August fork, Bitcoin declined. After the August fork, Bitcoin rallied.
Before the October fork, Bitcoin rallied. After the October fork, Bitcoin declined.
October 26, 2017, 07:40:06 PM
IT all depends, do you want to get a free coin for the btc you hold? or do you wanna wait for the storm to settle down before investing? The price is def gonna pump prior to the fork and drop a bit after the fork but no one really knows how far its going to fall. Plus, who knows which bitcoin the majority of people decide go with? Even though core is the main one thats supported by the majority.
October 26, 2017, 07:06:39 PM
Well for this sort of question it really matters in what fork we're going to talking here and the circumstances surrounding it, as the Bitcoin Cash fork (not the BS one that just occured) was a fork that actually had support from the miners and could've turned out to be something if the community stood in line and followed along. This is the part that scared people, as they didn't know if they were fully going to be able to takeover Bitcoin as they had the 51 percent, and the fork.
While Bitcoin did rise in price, anything could've happened if the fork would've went the other way which is the reason that I didn't hold any Bitcoin during this. Some people held it, and those people made a great deal of money.
Though this isn't the same when it comes to the Bitcoin Gold fork, as this is buggy, bullshit code, bs devs and so on and so forth. So this shouldn't be effecting the market in the least
While Bitcoin did rise in price, anything could've happened if the fork would've went the other way which is the reason that I didn't hold any Bitcoin during this. Some people held it, and those people made a great deal of money.
Though this isn't the same when it comes to the Bitcoin Gold fork, as this is buggy, bullshit code, bs devs and so on and so forth. So this shouldn't be effecting the market in the least
October 26, 2017, 03:58:34 PM
Just have a look at the market yourself you'll see that investing a few months before is a good time as well as right after a fork when people are dumping their coins.
October 26, 2017, 03:56:08 PM
positive & negatives , cause & affect, action & reaction
I usually just hold but if you really want to trade, and from what I've been observing in the last two forks, your best strategy would be to buy right now, as the price should increase. When the fork happens you can sell some of it, because the price should drop a bit, and after the price drops you should by again because it will probably recover.
No one knows if this will happen again or not, but there are good reasons to believe that this will be normal behavior if nothing bad happens.
People buy bitcoin before the fork to get more coins out of the fork. Then they usually cash out to collect their profit, and then they buy again at a lower price showing their support for the main coin, and boost confidence, and bitcoin recovers again.
Test it with small amounts. Apparently we will continue to have plenty of forks this year (bcash, bgold, B2x, and now bitcoin silver)
October 26, 2017, 03:49:36 PM
Taking this last gold fork as an example. The price went higher leading up to the fork, then tapered off directly afterwards... and now it rose up again. So I would say given that example that it would have been nice to invest a month prior before the fork starts to gain momentum. Then sell directly after, waiting only a day or two before reinvesting.
In general just look at what happened in the past and play that hand for the future. That is the best predictors, plus media output... however no one really knows what's going to happen short-term. Long-term... its a great investment.
Good luck!
Your idea is only good if we can implement this.In general just look at what happened in the past and play that hand for the future. That is the best predictors, plus media output... however no one really knows what's going to happen short-term. Long-term... its a great investment.
Good luck!
See the major problem of this kind of fork is that they donot even include replay protection so when you want to seell soon after the fork.
You might end up loosing all of your bitcoin so be careful.thanks.
October 26, 2017, 03:46:22 PM
Taking this last gold fork as an example. The price went higher leading up to the fork, then tapered off directly afterwards... and now it rose up again. So I would say given that example that it would have been nice to invest a month prior before the fork starts to gain momentum. Then sell directly after, waiting only a day or two before reinvesting.
In general just look at what happened in the past and play that hand for the future. That is the best predictors, plus media output... however no one really knows what's going to happen short-term. Long-term... its a great investment.
Good luck!
In general just look at what happened in the past and play that hand for the future. That is the best predictors, plus media output... however no one really knows what's going to happen short-term. Long-term... its a great investment.
Good luck!
October 26, 2017, 03:36:09 PM
positive & negatives , cause & affect, action & reaction
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