Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Strategy amidst the looming BitcoinGold Fork?
by
cryptodoll
on 21/10/2017, 21:59:41 UTC
it is good, but i prefer not to make strategies like this but instead wait and see what will happen and how the market will react to things before i move to act on it.

obviously i will sell some BTG at first wave to get some profit out but afterwards i will wait to see how the price of it moves. there may be pumps soon enough and there is good profit there.

as for bitcoin. i have been thinking about the possibility of a drop after BTG fork but it may turn out to be a bear trap. so if you decided to sell expecting a big drop, be extra careful.

This is true, it could just be a setup for the bears to win big after a nice dump. I might even line up some fiat to buy into the BTC dump, better than just sitting in my bank account!

I do agree that staying flexible and waiting to see what happens is a good idea, but it is always smart to have a plan lined up in place to make those split decision moves.