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?
The best time to buy is during it's bottom around the $80-$90 range before the fork and just hold for a month because it peaked at $150++ if I'm not mistaken so that is the best scenario for doing short term profit.
Above $100 though is too much of a risk, but who knows, we might see it attempt to breach $160 range. So try to weight your options and be mindful of your exit strategy as well.