I received an interesting email today from the President of WealthResearchGroup.com, Lior Gantz, as part of a free subscription. In the email, Gantz mentioned profiting from buying Steem Power as a part of his strategy to diversify and hedge against a potential bitcoin fork.
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What to Do in Case Bitcoin Splits?
If Bitcoin splits, you’ll receive equal amounts of BTC and BTU, and, as you can already see, there will be price volatility in both versions.
There are two important actions you need to consider in order to make sure you profit from a potential fork:
Study Bitcoin and a new cryptocurrency, which has compelling potential with our Exclusive Report.
Hold on to both versions of Bitcoin.
If you store any Bitcoin on Coinbase, I suggest you immediately research another Bitcoin wallet, such as Jaxx (Jaxx.io).
Coinbase has said it will not support Bitcoin Unlimited (BTU). If you use Coinbase and the fork goes through, you won’t receive “shares” in BTU.
- Another action step to consider is to diversify into other cryptocurrencies.
Two weeks ago, I personally bought Steem Power (SP), and it's up 143% since March 10th.
Steem Power gives you the equivalent of an ownership stake in the Steemit network.
15% of all new Steem created is given to holders of Steem Power.
For instance, if you own 200 Steem Power on March 10th, 2017, you will have 230 Steem Power by March 10th, 2018.
Steem Power holders receive the biggest rewards and have the most power on the Steemit network. The more Steem Power you have, the more weight your upvotes and downvotes carry.
These are small, calculated positions and are highly speculative – I personally committed a few hundred dollars just to have some skin in the game.
This isn't the only major development in the small-cap world.
...Best Regards,
Lior Gantz
President, WealthResearchGroup.com
