Loss Prevention and Profiteering from Bitcoin 'Forking'.....What will you do?
This general market sentiment of Crypto currencies right now is a great time to learn more about human behaviour. It's also a time to follow a different trading and investing strategy than usual.
These Bitcoin 'Forks' produces clear cycles and patterns that must be both respected and leveraged for profit.nMost people acquire their positions into Bitcoins ver early on before the Fork in order to ride the wave of the increasing Bitcoin price at a better cheaper price and that is human nature at it's best especially if looking from a standpoint of profit and perhaps even greed.
You'll see at strategic intervals traders will skim their profits from the sky high bitcoin and either cash out or invest into the alt-coins. It has to be noted that those heavily invested into the Alt-coins are perhaps disappointed that not everyone reinvests their profits back into the Alt-coins as expected. A good percentage will always exit into fiat to spend as they wish.
Now that we are still a good few weeks away from the potential Segwitx2 FORM, what cycles, patters and human behaviors have you noticed? What technical analysis and patterns do you look out for and expect?
Remember there's also talk of another 'Bitcoin Fork' Bitcoin Silver planned for December to look forward to.
Thank you for reading this post because I hope it is helpful for you to become more aware of 'Bitcoin Forking' and how you will approach it for loss prevention and profit.
If you think this is a helpful post for beginners to the crypto currency space, would you please upvote this because it will help me share more insights to success and profit with digital currencies.😋
All my hopes and dreams.
