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RE: The big short

in #bitcoin7 years ago

Well theres gonna people selling their ico released tokens of bcc for "free money" and theres gonna be a few dumb enough to think its gonna go anywhere selling their bitcoin for bcc in hopes of a quick turn around . I think until things settle down there is gonna be alot of give and pull between the two tokens while they battle it out. So i am counting on a pretty big dilution of btc and then a surge as things start sorting out.

I dont want to give away exact numbers because i am managing someone elses account trading but i got about 3/4's of a bitcoin and i locked it in at the 2660 range so as long as the price holds around 2700 and even goes up a bit i hope before the first if i sell ill make a small profit while holding cash on the sidelines as btc falls and then ill buy back in with a huge gain in btc. Im hoping btc falls to its last resistance level of 1800 if it does ill gain about half a bitcoin as it climbs back up to 3000 ill have made a 1600 dollar gain.

I trade on gdax and its safe to say august first is gonna be nuts for them they have already announced they do not intend to support bcc