To use an imperfect analogy, you could think of the fork as a spinoff. Example being, for most of PayPal’s life, it was owned by eBay. Every EBAY holder owned the parent company eBay, which encompassed eBay and PayPal. On the day of the spinoff, eBay stockholders received one PYPL share per EBAY share. At the same time, they got to keep their existing EBAY shares. In the simplest terms you could look at the fork like that.
By all means you could just wait and see what happens with Gold and buy in when it hits the market. Though if you go back and look at the bitcoin YTD chart. You can see that in that first couple weeks all Cash did was fall. Until there was a large spike (manipulated or genuine adoption?) and then it crashed. It did end up going up again but has been on a steady decline since.
In the end it comes down to what you believe is the real Bitcoin? Is it Cash? Will it be Gold? Only time will tell. Until then I'll buy and HODL my BTC, along with some other alts of course.
Hmm ye good point, Sadly I purchased BCC when it was at its highest and it halved .. sigh ... Won't make that mistake again. Thanks for your insights!
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I've been there before. never a good feeling. Just hold out, Crypto is a rollercoaster.
Always willing to chat Crypto. Good Luck!
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Ye thanks mate and agreed .. I guess as long as you invest in the majors and buy the dips and hang on till they recover it ain't a get rich quick scheme. More a long term tangible investment.
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Its definitely the safer bet if you want to diversify your portfolio. We always want to find the next Bitcoin or Ether. Unspeakable gains. At the same time I've seen a lot of top 10 coins over the years completely fail . As long as you do your research and don't play with money you cant afford to lose . In my opinion there's only one way we are going from here.
p.s. Get your ticket ready.
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