Good evening!
Today, there was a Tweet from the Bitcoin Private team.
https://twitter.com/bitcoinprivate/status/956323482098257920
Stating there is to be a big announcement at their event. As an investor, this is good news! The price jumped from the $105 area up to $150. If you are a hodler, you are enjoying a nice 45% move. I expect prices to continue the trend upward until Sunday.
The reason for the jump is the speculation that the fork date is to be announced.
This could very well be the case. If so, the price will jump. There still leaves 4 weeks until the fork, and a lot of price fluctuation.
However, as a seasoned investor, I look for all of the angles. I have an angle that could net not only profit, but allow you to pick up extra coins.
Rhett has been very upfront with saying he wants a working, fully functional wallet BEFORE he announces the fork.
This is my take on what my plan of action is. I am holding my coins from now until Saturday/Sunday before the "announcement. I am going to sell my coins before the announcement happens. Just in case, Im going to have a market buy order ready to fire in the event they actually announce the fork date.
My reasoning for this is I don't think they will announce the fork date on Sunday. I believe it will relate to the wallet. Probably to state that it is operational and they are testing the wallet with the new blockchain. If this is the case, I fully expect there to be an immediate sell off. Speculators will exit the coin and wait for a better opportunity elsewhere until the fork date happens. There is still 4 weeks until the fork, which is a lifetime in crypto.
The risk/reward factor is heavily leaning toward selling before and buy the dip. There has been 3 distinct levels for the coin. $100 range, $150 area and then $200+ We are right in the middle. If a fork announces, look for $200+ . If not, it could fall back to the $100 level.
If you plan to play it this way and sell before, make sure you have a hair trigger on a buy order. It will mitigate the chances of losing much on buying back in. This is the type of situation where you can look like a genius by making an aggressive, logical move. Take advantage of the weak hands and maximize your coin count.
I know what I am going to do, and I have no problem saying beforehand my strategy. It takes balls sometimes to make a tough, risky move. In the end, it could add me a lot of extra ZCL heading into the fork.
*** This is not financial advice. This is for information and entertainment only. Please do your own research, grab your own balls, and be fully aware that in crypto, shit happens. You may lose some or all of your investment. Nothing is guaranteed except death and taxes. Happy Trading ***