Bitcoin – Potential Network Disruption on July 31st

Re:Bitcoin – Potential Network Disruption on July 31st by Taek on Thursday July 13, 2017 @03:04AM (#14759306)

If you are keeping all the forked coins, you probably don't have a strong ideological opinion. It's not about being 'wrong' in this case, it's about ideological alignment. If you follow my advice, you will more or less end up with the same amount of money as you started with, regardless of where the prices of the coins end up (as long as you wait through the early volatility stages).

If you aren't ideologically aligned, holding onto all forks is a perfectly sane choice.

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Re:Bitcoin – Potential Network Disruption on July 31st by monort on Thursday July 13, 2017 @03:25AM (#14759387)

Profit trumps ideology even when you hold strong views.

For example, in this experiment small payments for correct and "don't know" responses sharply diminished the gap between Democrats and Republicans in responses to "partisan" factual questions.

http://www.nber.org/papers/w19080

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Re:Bitcoin – Potential Network Disruption on July 31st by Taek on Thursday July 13, 2017 @03:39AM (#14759447)

Choosing to be on the minority chain is not less profitable than choosing to be on the majority. If you sell your majority coins, you will sell them for majority price. As a result, you will end up owning more minority coins than you had originally, though the US dollar value should be about the same.

Profit comes from knowing how the markets will move before they do (and performing arbitrage), not from owning the asset that has the greatest market cap.

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