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RE: [30 days of Cryptotrading] Day 25: I learned not to trade much at weekends
Are you increasing your btc exposure because of the upcoming fork?
Are you increasing your btc exposure because of the upcoming fork?
Hey man, not really, on the last fork, i made more money holding other coins than trying to get dividends from the BTC fork. You can check my strategy here:
https://steemit.com/trading/@andre3301/30-day-cryptotrading-challenge-day-20-the-waiting
and here, the day after: https://steemit.com/trading/@andre3301/30-days-of-cryptotrading-challenge-day-21-post-fork
So, I believe hold Alts give more return. One good side of hold btc during the fork is simply having a no risk return. Thats why I balanced my options, hedging it on some BTC hold.
I predict the segwit2x fork gonna have a more impact on values, of BTC and on the altcoins tho.
My strategy is also very long term, buy and hold. Once in a while I do a little trading, but the big money is in the hold strategy!
I think you are absolutely right that the Segwit2x fork is going to have an impact on especially BTC.. I believe that it will pull some value out of BTC, how much, only time will tell. Hoping that it is not going to crash the alts!
Yeah, i'm primarily a hodler also, but I made this challenge to finally put myself in a good momentum to learn technical analysis. I've aways been a fundamental guy. Now, what I'm learning is helping a lot, especialy on the timing to do my trades, but even the strategy i'm using on this crypto daytrading is 3/4 fundamentalist.
I'm still developing my pump prediction *currently on version 45 of that strat and starting to have a better grasp... but who knows...
Good luck, wish you a lot of profits👍😁