Interesting point of view you have there. I had no idea how things were going to play out, so I just stayed diversified. Kept most in LTC since that one seemed pretty stable, held some alts that I was glad to see come back to life, and the rest in BTC to see what happend with this hardfork. After that bumpy July ride, it would be nice to see capital coming back in cryptos. Hopefully over $100 billion market cap soon. Good luck to you.
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Hey @pbgreenpoint, thanks for the comment. This is my first post on steemit so it's appreciated. This post was originally going to be a comment on another crypto forum, but it got too long so I figured I'd try it here.
I obviously didn't know exactly what would happen either, but have been reading a bit about the "contrarian" philosophy of investing, which basically suggests doing the opposite of the crowd. Based on this reading and other observances in the crypto space, I set out to try to think of the absolute least likely and most unexpected thing or things that could transpire during the btc/bcc fork.
After seeing the alts all start dumping, as well as reading several forum posts where people were talking about dumping thier BCC as quick as possible to buy chep alts, I decided to dump all my BTC high and buy alts as low as possible before the fork knowing it would likely not be possible to do so if I waited for BCC given the number of people also plannng this.
The notion of large scale dumping of BTC pre-fork crossed my mind, and was then verified by watching the Bittrex BTC volume and price drop right before the fork.
Some of my post is very conspiracy theoryish, which i normally don't subscribe to. Again though, in trying to think of the least expected and (seemingly) illogical scenerio(s), this element did cross my mind so I figured I'd jot it down.
Given that many of the alts have dropped back to or near previous all time lows, I think we will see a lot of new money (and old money that got pulled out during the last month or so) pumping back into the crypto space.
Good luck to you as well!
I like it...takes balls what you did. "Be fearful when people are greedy, and greedy when people are fearful." Now let's see these alts pop in price.