Good Morning all, I wish we could just quickly take a little lecture on crypto ,its been awhile we did that . I have seen so many trading to add value to their account but dont let us be overwhelmed with trading while there are free money (HARD FORK) around to claim.
Cryptocurrency Hard Forks Could Bring Gains of More Than 300%
Chances are you've never seen any market swing like the ones we've seen with Bitcoin and other cryptocurrencies this year. The moves are incredible, creating massive wealth for those who got in early and triple-digit profits for those who can play the week-to-week volatility.
Today, will like to talk on the upcoming cryptocurrency hard forks that could bring us similarly massive returns…
Still, many of us fear the incredible price swings we see in cryptocurrencies every day. It's only natural when prices are dropping 30% in just a matter of hours, like they did on Dec. 22.
Volatility itself is not necessarily a bad thing. A market with zero volatility does not move, and you cannot make any money beyond whatever dividend or interest payment you may get for those into lending and staking.
Honestly, dividends or interests are mere table scraps compared to the 1,200% rise seen in Bitcoin prices last year. Fellow cryptocurrency Ripple gained 35,000%.
Despite the reds in the market yesterday and some days ago,"I firmly believe cryptocurrencies are the wave of the future and still face huge upside.
The problem is that individual investors or trader are usually not equipped, either psychologically or financially, to ride out the volatility storms that seem to occur frequently.
Selling out too soon can leave huge sums of money on the table, but it is understandable to fear such wild rides lower and higher.
But, despite all this, I wouldnt want you to cash out of Bitcoin completely.If you do that, you'll miss out on the Bitcoin spin-offs, called hard forks. And if you play them right, they could mean gains of several hundred percent or more
What Is a Cryptocurrency Hard Fork?
As you are likely aware, Bitcoin is based on technology called blockchain.
A blockchain is a continuously growing list of records, called "blocks," which are secured using cryptography and linked together. Each block contains a hash pointer as a link to a previous block, as well as a timestamp and transaction data.
This makes it inherently resistant to modification of the data. A school of thought (Harvard Business Review) called it an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way
Cryptocurrency hard forks happen when developers feel the blockchain needs new features. These developers can also set up a crypto hard fork when they feel the cost of mining has gotten so expensive that only a few elite investors can participate.
With each fork, the crypto is subdivided into two currencies – the original and the new coin. To facilitate these forks, the community then spins off the fork coin to current owners… for free.
If you own one coin, you get one fork coin – if you own 0.33 coin, you get 0.33 of the fork coin, etc.
There were two major hard forks in 2017. The first occurred in August, when Bitcoin Cash emerged. That event marked the new currency at roughly $291; Cash quickly jumped to more than $400 before selling off again.
But as the price of Bitcoin has risen recently, so has the price of Bitcoin Cash.
Another hard fork came in October, with the spin-off of Bitcoin Gold.
Bitcoin hit short-term bumps, but as you've seen, the price subsequently soared. These forks have been good for both Bitcoin and the fork coins.
And that's why you shouldn't be selling all your Bitcoin holdings. You want these hard forks and the profits they'll bring you in 2018 – and beyond. Sure, you can reduce your exposure, and your risk, by selling some of your Bitcoin, but be sure to keep some so you can participate in these forks.
With that in mind, these are the next cryptocurrency hard forks to watch.
If you stay in Bitcoin now, you're setting yourself up for what currently looks like several more hard forks in the near future, which are :
Super Bitcoin
Bitcoin Platinum
Bitcoin Uranium
Bitcoin Cash Plus
Bitcoin Silver
Bitcoin Diamond
Lightning Bitcoin
Bitcoin God (this is not a typo)
United Bitcoin
I still believe in treating your Bitcoin and other cryptocurrencies the same way you would stocks or other investments. Take some profits along the way, ideally winning all your original capital back. Then you pocket those big gains and keep playing the field using the 'initial' money.
It's impossible to predict the price or performance of any of these upcoming spin-offs, but that's beside the point. As a Bitcoin owner, you'll keep getting these new coins for free.
Selling your Bitcoin now may seem extremely attractive. But as long as you still have some money invested in the cryptocurrency, you'll be able to reap the reward of subsequent forks.
Its all about PEACEFUL WEALTH.
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