Disclaimer: I already own 15 or so different altcoins for long term hold, that wont sell for several years.
Im looking to purchase before the fork, investing maybe $1k, for a short term profit. Hoping the prices rises, I can sell before the dump. If there is the drop in price, these can also be held longer term until profitable.
Thoughts?
Hoping that when a fork happens the price will go up that is a long thought. The average person will "Buy the rumor, sell the news" so when the event fork happens, the price may be a dump, because they will sell. So the right moment is when fork information is spread at that time. If the price is below the purchase price, it is better for long-term gold, the average coin fork does have good potential