BTC Gold Fork - Potential Outcomes (No Beer Today)

Bitcoin Gold fork is upon us. You can still claim it via Bittrex. They closed deposits but you can get there with your alts and then sell the alts to get Bitcoin. Time is ticking.

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Official Gold web:
https://btcgpu.org/

Official statement from Bittrex team:
https://support.bittrex.com/hc/en-us/articles/115002320451-Statement-on-Bitcoin-Gold-BTG-

If you send your BTC there now, you may or may not be eligible for Bitcoin Gold, it depends on their ‘balance snapshot taking skills’. They are noting down your balance on October 23, 11pm PT (6am UTC). There is that word approximately, though.

Aftermath of the fork - I see 3 scenarios

1 Alts pump

Probably most widely discussed and most likely in the minds of many. Especially awaited by those like me who lost a good deal of portfolio with the alt crash this month. I’m aiming to buy something. QTUM for example, seems a solid low. I’ll buy it if I see it going up.

I’ll be modest. My goal is 30% profit, the blue line.

2 Alts continue underperforming till the Segwitx2 fork in November.

Bitcoin gains more in the coming weeks. This alt pullback is only one step in the final pullback leading all the way up to the second fork. Scary. And boring.

I don’t have the date yet but the fork is in next month in mid November.

3 Bitcoin pulls back, imminent correction.

Price plummets and takes down the price of alts as well. In that case, best place to be > USD.

I sold 20% of my portfolio into USDT, short term. I'm diversifying, let's call it like that. RSI going lower, price going higher. I’m not an expert, but this points to a correction. I noted down two blue lines which might get hit.

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I plan on grabbing a beer and enjoying the show. What about you?

Follow @kingscrown for more crypto insights!

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