The bitcoin is destroying everything. A tank.
So, I spent my day trying to understand the future hardfork and why is it special.I'm going to skip the story about the Hong Kong or the NYC agreement.
What's the most interesting part for me is for this fork the entire community is divided and the 2 parties are backed by historical people in the Bitcoin universe.
As mentioned in my first post, I started in August when btc was around 4200$. So, I'm not a Bitcoin billionaire or millionaire. What I see in this hard fork is a non-null probably to invest in the future Bitcoin at 1000$ (the expected price when it will be listed).
So, if 2x wins the battle, I would have bought the BTC at a discounted price (85% of discount). If the 1x wins, 2x will go to 0 and I would have lost my initial amount.
My dark side is teasing me to take this bet...
Note: my ether bet went wrong. Ether is dropping. The devcon3 is amazing but nothing really concrete which can push the ether to 400$. I cut 1/3 of my trade.
Feel free to post comments to get your opinion (and click on the upvote button to help the motivation ;) )
Disclaimer: I'm not your financial advisor and these are not financial advise+it's just a diary.
I thought all hodlers of Bitcoin before the hard fork gets allotted the 2x at par with the existing BTC.
Please elucidate...
That's correct. You will receive a new coin b2x with a value of 1000$. That's day 1.
The 2 blockchains won't coexist forever. Because the 2 sides want to be the only legitimate bitcoin. So, either b2x will go to 0 and the legacy bitcoin will stay at 7000$ or the legacy bitcoin will go to 0 and the b2x will go to 7000$. In my situation, the best strategy if I want to bet should be to buy more b2x.
Here you go, upvote to make you smile.