Re: is it better to invest in bitcoin prior to "forks" or after "forks" ?
Taking this last gold fork as an example. The price went higher leading up to the fork, then tapered off directly afterwards... and now it rose up again. So I would say given that example that it would have been nice to invest a month prior before the fork starts to gain momentum. Then sell directly after, waiting only a day or two before reinvesting.
In general just look at what happened in the past and play that hand for the future. That is the best predictors, plus media output... however no one really knows what's going to happen short-term. Long-term... its a great investment.
Good luck!
In general just look at what happened in the past and play that hand for the future. That is the best predictors, plus media output... however no one really knows what's going to happen short-term. Long-term... its a great investment.
Good luck!
This EXACTLY. News prices into bitcoin almost instantly, and totally, Its aside effect of markets always being open, and the relative maturity of the average investor in this space. I digress. You want to be holding coins at least a month or two before the fork is going to happen; at the very least you will profit off of the increased demand as people position for a snapshot. Its hit or miss closer to the snapshot; the capital outflows from bitcoin into the new alt, and other depressed alts (people sell alts to position for the snapshot.).
After, because these alts always fail, we see a resurgence of interest in btc, as indicated by the bump in price
