There are some news that affect the price movement of cryptocurrencies in a positive way.
A few of them are partnerships, new wallets, technology upgrades, addition of rockstar category board members, hardforks etc.
After the hardfork of Bitcoin(btc), a new coin was created called bitcoin cash(bcc). At that time the market went into frenzy. No one knew what to expect from bitcoin or its sibling.
But when the dust settled, people noticed the massive rally in bitcoin and (not so massive) rally in bitcoin cash. Moreover everyone received equivalent amount of bitcoin cash.
After this event, hard forks are considered positive news for any coin. The masses, in their greed to get equivalent number of the hardforked coin start to buy and HODL leading to a massive rally in the price of the currency. Now this is the hype that could be harnessed for quick and relatively safe gains in short period of time. These types of hypes can make you 2x-5x returns!
The coin in focus is the much loved and stable Etherium Classic(etc). ETC network is undergoing a hardfork on 5th of march, 2018. The hype has been created.
Accumulate ETC and sell it on 4th, march. As easy as that!
Don’t be greedy for the free coins, rather book the profits and exit on a safer note. You ,we & nobody knows the value of the new forked coins and when it will be actually credited. So, use the hype and exit the frenzy at its top.
DISCLAIMER:
Do not risk more than you can afford to lose! This is not an investment advice, it’s just our personal views!
Image credits: Smartcryptotrader. Thank you Arslan. keep up the good work.
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