This financial advice is incredibly stupid & dangerous, & it translates to: "invest part of your wealth in order to own, for each bitcoin you hodl, exactly 1 arbitrary "unit" (subject to random unit bias) of every scamcoin which passed through a Bitcoin-UTXOset-based airdrop".
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Will you buy an equal number of my infinite number of newly created copies of Bitcoin. It has both the Bitcoin name (followed by a random string) and the exact btc utxo set
@DanielKrawisz ? If not, why? Some subjective reasoning?1 reply 0 retweets 5 likes -
Replying to @ChristofferDG @giacomozucco and
No. It's already too late for most. Should've listened before the BCH fork. Just hodl all forks from here on and let the devs battle it out.
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Replying to @ChristofferDG @giacomozucco and
Because there are going to be more forks. You'll never have a complete address space UTXO because you split (Bch) in the past. Hold on to all chains in the future. It doesn't cost you anything. FYI, I think BCH is a terrible idea with all left handed devs.
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Replying to @Fredilly @ChristofferDG and
It absolutely does cost you something: the opportunity cost of holding more bitcoins.
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Replying to @pierre_rochard @Fredilly and
Have you sold your BTCP? BTG? My thesis aside, do you think selling minority forks is more valuable than hodling them?
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Replying to @FluidFluxation @Fredilly and
Obviously the opportunity cost is proportional the fork’s value. The more it pumps vs bitcoin, the more it makes sense to dump it.
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Replying to @pierre_rochard @Fredilly and
Agreed. My willingness to engage a fork is highly influenced by the market valuation. IMO fork wars have only just begun, and bitcoin may/will face harder times than 2x/BCH. I think minority chain ownership is better leveraged by hodling, vs engaging.
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Replying to @FluidFluxation @Fredilly and
eh doubtful, I think the block size limit / scaling was the most controversial thing in Bitcoin for years. It'll be a while before the next controversial change reaches the same fever-pitch, probably will be privacy/fungibility related.
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I hope you're right!
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