Should I be liquidating alts before the BTC gold fork?

alfs75

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Quote from: semisyntheticpsy on September 22, 2017, 12:53:21 AM

Im just wondering if its a smart thing to do to sell my alts before the fork to get more free BTC gold? I have more holdings in NEO than BTC at the moment and I think the price wont change that much so if I was to sell before the fork, get free coins, then buy the NEO back.

Its kinda risky I guess but is this other peoples plan too?

I thinks the things you want to do more complicated you sell your NEO coins to get Btc gold is another sort kinds of altcoins,because you afraid of coming hard fork system.if its for me i well sell now NEO to bitcoin to gains more profit,instead of bitcoin gold or either hold your coins until the situation back to normal.

Pursuer

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Quote from: semisyntheticpsy on September 22, 2017, 12:53:21 AM

Im just wondering if its a smart thing to do to sell my alts before the fork to get more free BTC gold?

what is "BTC gold"? is it some sort of altcoin?
if it is then you need to give a link to where it is traded so we can analyze it and tell you what to do.

if you mean the possible SegWit2x hard fork in near future then that is not what it is called! and in any case you can do that, but you need to know the possibilities:
- S2X may not even happen.
- bitcoin price may go down
- or price may go higher even.
- there may be 2 chains after the fork and you get both coins if you hold bitcoin before it
- there may not be 2 chains after the fork and only 1 chain and you gain nothing in addition.
- in case there were 2 you may sell one and hold the other while what you sold goes to the moon.

Quote

I have more holdings in NEO than BTC at the moment and I think the price wont change that much so if I was to sell before the fork, get free coins, then buy the NEO back.

Its kinda risky I guess but is this other peoples plan too?

I have some bitcoin in cold storage that I will never touch, no matter what.
I have some funds for trading that I also will never touch, which means they will remain in circulation and in either my exchange in orders or in my hot wallet. I never change this strategy and never move that fund around. I am making some small profit with it and I plan on continuing to do so.

Lucas 666

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if you have alt coins you must keep it because it have future but bitcoin is high risk to save with high income and others more safe with low income

rjbtc2017

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Quote from: semisyntheticpsy on September 22, 2017, 12:53:21 AM

Im just wondering if its a smart thing to do to sell my alts before the fork to get more free BTC gold? I have more holdings in NEO than BTC at the moment and I think the price wont change that much so if I was to sell before the fork, get free coins, then buy the NEO back.

Its kinda risky I guess but is this other peoples plan too?

In my opinion, this is kinda bad to store China-related coins or tokens (?). The Smart thing to do for me is to Convert all your altcoins into Bitcoin, Trade or exchange it, it is the better option to secure the money you have, do not wait until China closes down all ICO, which could possibly happen anytime soon, since Chinese Government is really confused at the moment on how will they handle cryptocurrency.

DaMut

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it was not a good idea if you are only holding 2 coin which is like play a card,
win it or lose it,
and you make it even worst when you try to all in into 1 asset,you can not do that for sure absolutely.
it is not a wise move for a trader to do this,
(look at our current market right now,it's unpredictable and you are gambling with it,and only using that two assets will not make it even better)
all we need to do is to 'secure' the profit not to get as much as you can.
it's a greed and in the end you will lose it.
the best way to do it is to split it into multiple assets aka diversify and secure your position.
(we might be heard about splitting,but it has not confirmed yet)

mk4

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A fork doesn't automatically mean a network split will occur.

Holding more NEO than BTC currently is a very bad idea in the first place, in my opinion. So much stuff happening in China, I wouldn't personally hold on to NEO for now, as I think it's too risky. I'd personally diversify to lessen the risks. I suggest following your guts though; if you heavily think that NEO will give you more gains in total, then go ahead. Just make sure to do extensive research to back up your ideas.

piloder

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Yes on November we might have another fork but that doesn't mean we might have another network split like we had in last August. If there will be no more debate about the hard fork, bitcoin might not have another clone like bitcoin cash/gold or whatever it will be named after.

If network will be splited and you want to get some free coins than I advise you to sell your NEO or whatever alts for bitcoin just 5-10 days before hardfork date because you only need to have bitcoin balance at the time of hardfork which might get published soon.

Don't keep holding bitcoin at current prices, market is quite unstable right now. Hold your money in Fiat (usd) or USDT.

semisyntheticpsy

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Im just wondering if its a smart thing to do to sell my alts before the fork to get more free BTC gold? I have more holdings in NEO than BTC at the moment and I think the price wont change that much so if I was to sell before the fork, get free coins, then buy the NEO back.

Its kinda risky I guess but is this other peoples plan too?

Topic: Should I be liquidating alts before the BTC gold fork? (Read 641 times)