Post
Topic
Board Bitcoin Discussion
Re: Should I sell right after the nearest fork?
by
dark08
on 07/11/2017, 05:29:40 UTC
As you can see the BTC is rising fast, everybody is transfering alt coin to btc to get the new fork currency.
As we know, after fork the price will drop fast.

I realy want to discussed with you if I need to sell all my BTC right after my fork, and I will buy right after at low price.
What do you think will happend after the fork?

Sorry for my grammer.
Thank you

Its too early to tell if the price will really drop that fast. Although you are correct in your assumptions that altcoin is suffering right now because most traders are going into bitcoin ecosystem to get the new fork currency. If I were you then I would have to wait and see what's gonna happened after the fork. Maybe the price could sustained itself going to $8000 or more. Or better the price could really drop fast to $5500. We can't really say for certain what's going to happened until we cross the bridge. Just observed and make your judgement call after Nov. 16.

Yes you are right because it's really hard to predict the price of bitcoin if you think the price will dump after the November fork then go sell all your bitcoin and buy more if the price will fall after this fork but if you have a high believe in bitcoin you will never sell all your bitcoin and hold for long term but for me it's better to observe the situation we cannot know what will happen next after this fork or buy more bitcoin and hold!