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RE: The way of the intelligent investor, coming BTC forks, altcoins and Diamond coins (DMD)
really thank you for your point of view which is surely something to think on.
really thank you for your point of view which is surely something to think on.
Thanks for reading! All altcoins are bleeding right now. the thing is, the price of Bitcoin gold will be baked into the price of BTC and whales will be selling right before the fork...crashing BTC and Bitcoin gold along with everyone that bought. I might be wrong, but ive written it down here now. There are no free lunches. The money must come from somewhere. Markets are zero sum games. Only the strong and the resolute survive.
so according to your statements, altcoins will drop too immediately before the fork, hopefully increasing after it, and all those that sold them will found potentially higher pricess and re-buy time if a lot of people will follow the same rule. Isn't it ? And wouldn't the BitCoin Gold take only part of the Bitcoin value ?
Yes, this is what im thinking. I think that the BTC price we see now, Bitcoin gold price is baked into what you see in BTC right now. If you check Bitfinex, you can see the amount that Bitcoin gold futures are worth now, at the time of this writing 1 bitcoin gold future is worth 0.14 and falling. So at the time of the fork on oct 25, a bitcoin gold will be worth 0.14 BTC. That value will probably be lower at the time of the fork. Now how low will it be when EVERYONE would want to sell? So its like...no, there are no free lunches because the market is always ahead of us normal investors. Check out my newest post: https://steemit.com/cryptocurrency/@drdmd/finding-out-why-investors-park-money-in-banks-diamond-coins-dmd-and-bitcoins-btc Finding good information gets harder and harder, thats what its about.