RE: Diary of a crypto trader (12) - English version

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Diary of a crypto trader (12) - English version

in diary •  7 years ago 

I thought all hodlers of Bitcoin before the hard fork gets allotted the 2x at par with the existing BTC.

Please elucidate...

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That's correct. You will receive a new coin b2x with a value of 1000$. That's day 1.
The 2 blockchains won't coexist forever. Because the 2 sides want to be the only legitimate bitcoin. So, either b2x will go to 0 and the legacy bitcoin will stay at 7000$ or the legacy bitcoin will go to 0 and the b2x will go to 7000$. In my situation, the best strategy if I want to bet should be to buy more b2x.