Post
Topic
Board Speculation (Altcoins)
Re: Sell or hold bitcoin cash ?
by
Nascor
on 16/11/2017, 10:00:32 UTC
If you're a trader and managed the fork fluctuations right, then you could have made a big profit from the cancelation, BCH appreciated by a lot, at some point becoming the second most valued crypto coin (about thirty billion), but after that it went straight down, shorting that would have made you as much money as it made you when you went long on the position. I'm not a big fan of bitcoin cash and wouldn't buy it at the first place, but if you did buy it and are looking for a place to put back those funds, then get back to BTC or some other altcoins. Considering that forks are incoming, I think ultimately the value of Bitcoin cash will go down again and expectations should therefore be balanced.