Hey guys,
Today I changed my strategy to adapt it better to the current market.
On one hand, I've been selling all my BTC in the aim to buy very cheap altcoins (only the one I trust for long term, not the hype one) couple of days ago, enjoying BTC rise while altcoins were bleeding.
I got a good bunch of coins that I saved on wallet.
On the other hand, I was daily trading my Fiat currency hold on Kraken with BTC.
Because of its great volatility, I was able to buy low, sell high couple of times and I made about 15% profit.
I'm planning to sell my current BTC on Kraken to Fiat in the next hours or tomorrow before the 25th fork of Bitcoin Gold (bullshit sorry).
I was thinking to buy BTC just after the massive dump and buy my altcoins back with it (as with my fiat currency, I will be able to have more BTC and therefore more altcoins)
But I changed my mind and I have now a new strategy that I'm sharing with you :
- I'm still going to buy BTC during the massive dump after the 25th fork
- Instead of buying into altcoins, I'm going to hold BTC until the second fork of SegWit2x mid-november.
Why ?
Because it's going to do the same as now with Bitcoin Gold. People will buy into BTC again when the SegWit2x fork will get closer.
Then of course, the altcoins market will bleed.
2 reasons that is a better move :
- you buy cheap BTC, hold it and sell it just before the mid-november fork to get your profit
- when you have your profit, you buy deep into all your favourite altcoins and you wait the post SegWit2x fork to make great profit again
I think it's a smart move, but It's just my thought. You can't predict the crypto market but you can try to be closer to what will happen.
Do your own research of course =D
Let me know what are you strategies my friend and I wish you a Happy Trading =)