BitcoinLong
Simply hodling prefork BTC
That is 1:1 ratio of nr. of coins on both chains (BCH+BTC)
I am hodling BTC for years (since 2011) and will continue to do so for quite some time. I have sold too soon and then had to rebuy in 2013.
I am taking in title described strategy for at least a few of the following months for several reasons.
- Dominant market cap (150 billions atm, 65%)
- Very small corrections (little drama, good for health and emotions).
- Very low volatility
- Position does not care if money is shifting one way or another, but on the other hand fully absorbing new capital entering the market
- Very strong and clean new ATH just recently
- Very clear bull channel, while (legacy) BTC has very broken picture atm
- Possibility of significant money continuously coming from Asia trying to overtake a place for hodlers of a future world reserve currency candidate.
- At the same time we might see even more money coming from west as more institutional money coming in (CME and other future options, Coinbase opening doors for
- Besides up to maximum 10 of most prominent alts, we are already seeing altcoin consolidation where most of them go to very low value (the ones where only use case is token trading and speculations, and no real world integration)
- This strategy involves little risk in my opinion, while dumping (BCH), which is what everyone is doing might not be as much low risk as most think. Also usually dumping occurs in sprees (so hodler actually get very little of BTC for them). Sooner or later all the dumps will be absorbed (still waiting for coinbase, bitmex...)
If things continue going as they are going now, that is BCH continuing gaining bigger adoption to the ecosystem, while BTC failing to even keep up with existing ones, I will be slowly shifting (probably in a year or so) the weight of ratio to the BCH side. Probably never 100% though. I definitely do not want to write away the leverage BTC legacy has in the form of most security oriented (bug resistant) development team. But on the other hand I think this rigorous approach is also giving them a Duke Nukem Forever syndrome. Slow releases with always 18 months away from that top notch fancy release which than never happen.
I am hodling BTC for years (since 2011) and will continue to do so for quite some time. I have sold too soon and then had to rebuy in 2013.
I am taking in title described strategy for at least a few of the following months for several reasons.
- Dominant market cap (150 billions atm, 65%)
- Very small corrections (little drama, good for health and emotions).
- Very low volatility
- Position does not care if money is shifting one way or another, but on the other hand fully absorbing new capital entering the market
- Very strong and clean new ATH just recently
- Very clear bull channel, while (legacy) BTC has very broken picture atm
- Possibility of significant money continuously coming from Asia trying to overtake a place for hodlers of a future world reserve currency candidate.
- At the same time we might see even more money coming from west as more institutional money coming in (CME and other future options, Coinbase opening doors for
- Besides up to maximum 10 of most prominent alts, we are already seeing altcoin consolidation where most of them go to very low value (the ones where only use case is token trading and speculations, and no real world integration)
- This strategy involves little risk in my opinion, while dumping (BCH), which is what everyone is doing might not be as much low risk as most think. Also usually dumping occurs in sprees (so hodler actually get very little of BTC for them). Sooner or later all the dumps will be absorbed (still waiting for coinbase, bitmex...)
If things continue going as they are going now, that is BCH continuing gaining bigger adoption to the ecosystem, while BTC failing to even keep up with existing ones, I will be slowly shifting (probably in a year or so) the weight of ratio to the BCH side. Probably never 100% though. I definitely do not want to write away the leverage BTC legacy has in the form of most security oriented (bug resistant) development team. But on the other hand I think this rigorous approach is also giving them a Duke Nukem Forever syndrome. Slow releases with always 18 months away from that top notch fancy release which than never happen.
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