The easiest and simplest plan is to just hold your BTC long and strong. Trying to trade in and out
related to any news events may not work out as expected.
Topic: Let's talk fork sell strategy for this without allot of BTC (Read 326 times)
I personally put half of my BTC on alts. I don't expect Bitcoin Gold to be anything more than Bitcoin Cash - a simple p & d coin. I'll wait for the pump and sell it, that's all.
I believe 90% of all bitcoin holders now recognized themselves now, me as well 
No hard feelings about BTG and BT2
I personally put half of my BTC on alts. I don't expect Bitcoin Gold to be anything more than Bitcoin Cash - a simple p & d coin. I'll wait for the pump and sell it, that's all.
It is good that you are actively thinking about a gameplan because many individuals do not really do that and kind of wing it. That being said your thoughts in theory seem very sound to me and I too was thinking of doing
such things when the forks occur. The only problem happens in practice because to me it seems very hard to time the bitcoin market and I wouldnt want to miss out on potential gains after the fork. Instead of selling btc and
buying back in I think I would rather leverage it short or long depending on your position. This way you can potentially profit on bitcoin moving up or down and at the same time maintain most of your btc holding (minus the
leverage amount). That is what I plan to do at least because again I dont want to have to time the bitcoin markets as pinpoint correct doing leverage at say 5x gives me much more room for error.
such things when the forks occur. The only problem happens in practice because to me it seems very hard to time the bitcoin market and I wouldnt want to miss out on potential gains after the fork. Instead of selling btc and
buying back in I think I would rather leverage it short or long depending on your position. This way you can potentially profit on bitcoin moving up or down and at the same time maintain most of your btc holding (minus the
leverage amount). That is what I plan to do at least because again I dont want to have to time the bitcoin markets as pinpoint correct doing leverage at say 5x gives me much more room for error.
BTG on Oct 25th and BT2 on Nov 17th. As of this post, it seems to be BTC is finished with its healthy pull-back and will now be going up in anticipation of the BTG fork on the 25th (1 week away).
Now personally, I don't own many BTC, so I am honestly not concerned with having a ton to get an equal amount of BTG. What I am concerned with is anticipating when BTC will peak prior to the BTG fork so I can sell all of my BTC.
Then I plan on rebuying all the BTC I can after the dust settles and it looks like BTC will start rising again in anticipation of the BT2 fork on Nov 17th. Same deal there personally, I don't care about getting BT2, I care about dumping all of my BTC just prior as it peaks. Then buying all in after the dust settles from that fork then I'll just HODL.
All of that said, what's your speculation on when BTC may peak prior to the BTG fork? I'm thinking the day before. Then I anticipate a healthy pull-back on BTC for a few days, before a rise in anticipation of BT2. I'm thinking I'll also sell the day before that fork. Then I think BTC will pull-back again but this time it may be 2-3 weeks until the dust settles and it's safe to buy and HODL again.
Thoughts? Thanks!
Now personally, I don't own many BTC, so I am honestly not concerned with having a ton to get an equal amount of BTG. What I am concerned with is anticipating when BTC will peak prior to the BTG fork so I can sell all of my BTC.
Then I plan on rebuying all the BTC I can after the dust settles and it looks like BTC will start rising again in anticipation of the BT2 fork on Nov 17th. Same deal there personally, I don't care about getting BT2, I care about dumping all of my BTC just prior as it peaks. Then buying all in after the dust settles from that fork then I'll just HODL.
All of that said, what's your speculation on when BTC may peak prior to the BTG fork? I'm thinking the day before. Then I anticipate a healthy pull-back on BTC for a few days, before a rise in anticipation of BT2. I'm thinking I'll also sell the day before that fork. Then I think BTC will pull-back again but this time it may be 2-3 weeks until the dust settles and it's safe to buy and HODL again.
Thoughts? Thanks!
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