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RE: Z-Classic (ZCL) Spikes 300% on rumors. Do ya feel lucky?

in #cryptocurrency7 years ago

I say to definitely sell, because of one of my strategies:

"Buy the rumor, sell the news."

That strategy would have worked with Verge, and I think it will work here. Though I believe in ZCL, this rumor is highly overbought...

I'm definitely upvoting and following you!

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Followed back. Thanks
That's a great rule...one I usually follow as well. I do think ZCL has more room to run, especially if the rumors are true. Usually the sell off happens about a 5-7 days before the hard fork. That said, we have no confirmation of a hard fork...so selling might be the right thing to do. Like I said, you just have to ask yourself, "do I feel lucky?".