Important news (margin information) - Pioneer88's prediction.
Cryptocurrency world has been suffered from a big crash which will last at least till August 1st when Bitcoin fork is expected to happen.
There're some main reasons:
- Bitcoin, Ethereun and other altcoins' bubbles are yet to end.
- Serious confusion on Bitcoin fork. Active traders are easy to realize that if Bitcoin fork happens, value of old Bitcoin plus new Bitcoin will be lower than its being value. This situation is same to what happened with Ethereum fork last year. Big holders of altcoins are hard to stay calm with their pockets from now. Dumping their coins is certain to stop loss and to hold bitcoin before forking starts.
- What will happen for trading pairs on exchanges? Example, we trade ETH/BTC with price 0.1. After successful fork, this pair will be ETH/OLD Bitcoin=0.1. This lead ETH real value to decrease 10 time lower than its value at this moment if the fate of old Bitcoin is same to classic Ethereum. Exchanges operators are hard to reset ETH/BTC TO ETH/new BTC within first few days or weeks because they have to wait untill replay attack is totally wiped out.
What is good strategy for traders now?
- Holding your money or turn altcoins to fiat money to secure your balance.
- Who want to maintain active trading and get profit, margin trading with short position is best choice.
Above are some important news I think I should inform ICOBID community. Follow or not with your own risk.
I'm not responsible for any of your trading decisions.
If ICOB will be no have roadmap till 1 August , ICOB will be cost 1 sat ... Need more active actions ... I hope, you have any plans on case hardfork BTC...
Don't worry, I will inform new plans and actions around the time that is center of this storm which will secure ICOBID holders' safety.