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RE: Bitcoin forked, and the world didn't end, or did it?! (Good news for Steem?)

in #cryptocurrency7 years ago

Now that blocks are mined without issues, I'd wait several days before dumping. Certainly the price will dip this days, but it could rise a bit after. Reminding that ETC went from less than $1 to $20.

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People who aren't already in BitCoin, but know about taking acceptable risks & investing...
...will probably be waiting for the price dip in the new BCC token to buy and HODL !!!
I think that both coins will survive. Everyone knows cryptos are volatile - and that this particular hardfork is a phenomenon all its' own. Now, the real question is:

Do I trust enough in everything that I have researched to start putting money into either of these coins ??? Only time will tell. But, taking a little bit of the right kind of risks on them shouldn't be any big loss if either one/or both do, ultimately fail. However, who knows what is on the upside? It could be huge - or it could be ho-hum. You have to do your research. All I really know is that BCC is now very strongly linked to BitCoin, and it shares an identical past. So far, that past has been pretty good. So, I expect the future of both coins to be just about as good as their pasts.

I seem to remember reading, somewhere, that BitCoin has outperformed all other major forms of investment for the last 9 years, running... Seems like it's worth a little risk-taking, to me.

For long time investment ofc Bitcoin is the way to go now (not much profit in short term, but most stable in the long term). BCC is highly volatile now and worth for shorting (but also very risky). I bought some BCC yesterday for 0.07-0.08 BTC, today it's already 0.149. About 2x in several hours! Once again it's very risky to invest, but if you get free coins it doesn't hurt to wait.

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