I know Luc says he has his bitcoin tucked away in a wallet somewhere but I'm still unclear what he's saying about whether we should be holding BTC going into the fork or not. I guess I'm asking if I should sell my BTC now so that I have lots of cash on hand to buy during the dips tomorrow or if I should just hold on to the BTC I have and ride it out. Any thoughts about this?
RE: Are you ready for the Bitcoin Fork? Whats my trading plan for THE FORK?
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Are you ready for the Bitcoin Fork? Whats my trading plan for THE FORK?
Im never completely out of Bitcoin.. Im always holding a core position long term.. and I keep those safely tucked away, especially if there is going to be some possible exchange issues.. However I am a market reaction trader, I do not make predictions.. I simply react to what the market is doing.. So I would not be buying or selling anything here , at these levels, based on a theory of what might happen.. I just draw my bases, and make sure i have USDT availible to buy the panics.. I will react to the panics, thats what I do, and that's why I always win..
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Thoughts on EOS? Currently i am holding 70% ETH, 10% XRP, 10% LTC, and 10% EOS.
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From what i have seen, EOS tokens give no rights of ownership or anything. check the eos terms and conditions before you buy eos.
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I have noticed a lot of large % drop alerts on the scanner for EOS:
http://imgur.com/a/N82v7
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My thoughts on EOS: Trade it if you see the opportunity to exploit the market. That mimics my thoughts on ALL coins: Trade them if you see the opportunity to exploit the market. I don't care how good a coin's project is, all I care about since following Luc's model is the volatility in the market, the volume, the spread, and my potential for ROI.
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I'm holding 70% BTC, 30% ethereum with other alts. BTC to get the BCC, and then using my other alts and eth to trade for more btcs (mostly b/w BTC and ETH).
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If you hold your BTC at the time of the fork, You will receive the same amount of BCC (Bitcoin Cash). If you are not holding BTC then you wil not get the BCC.
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I'll add to Luc's post and say that in trading it's not and should not be black and white. Meaning you can have some exposure to BTC if it rides up and you can have FIAT sitting in the wings if the price takes a tumble and you can average your BTC cost down...
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