Post
Topic
Board Bitcoin Discussion
Re: Is this a good strategy until BTC/BTU is resolved?
by
Hydrogen
on 29/03/2017, 10:52:54 UTC
Its difficult to say what is a good or bad strategy in terms of holding time.

The closest investment analogy to a bitcoin hard fork could be a stock split.

If a hard fork occurs, the total number of total bitcoin's will increase from 20 million to 40 million coins.

That could mean that bitcoin's price will split by roughly 1/2 as the total number of coins doubles.

There are multiple theories as to what might happen. Retailers could drop bitcoin until the split issue is resolved, or they could take sides.

A fork could be a blow to bitcoin's credibility and legitimacy.

What happens after a split in terms of timetable, is anyone's guess.