What I’m Doing With My Bitcoin Gold

right so building on Bitcoin gold let’s go out the way I feel like I’m obliged to at least make one video about this but as you can probably already tell this isn’t but something I’m particularly interested in or enthusiastic about I spend literally about 5-10 minutes kind of researching Bitcoin gold knowing what it is and I have to say that honestly I wasn’t particularly impressed do I think it’s gonna steal BT C’s crown and become V Bitcoin absolutely not and so what I expect is gonna happen when the hard fork occurs is that everyone who can actually get hold of their Bitcoin gold so I know that many many wallets out there aren’t even kind of bothering to you know do the work to allow people to get hold of a Bitcoin goal they’re not doing all that extra effort those people who are able to get hold of it I think they’re all going to be in a desperate rush to sell to get hold of some of their free money that everyone kind of assumes these folks are and what this is gonna mean is that the price of Bitcoin gold is in all likelihood probably going to crash down to the floor as you have all of these you know huge amounts of sellers and absolutely no buyers at all because I don’t think there are many people out there at all who seriously think that this is gonna be a thing like several weeks or months from now and so yeah as far as I’m concerned I guess I think this is just gonna be another fork or another fad in bitcoins history will we even remember this 12 months from now you know a year from now probably not at all with all of that being said am I gonna sell my Bitcoin gold but I can get hold of it no the reason I say that is because first of all I really really do genuinely think that everyone is gonna be in a desperate rush to sell it straight away and so unless you could get in incredibly incredibly early I just don’t think it’ll be even worth it if you know if the price really really does crash or collapse you might say to me well Luis if you’re so sure that the price is gonna collapse in the Bitcoin gold isn’t gonna be a serious threat or contender to Bitcoin then why don’t you just sell it anyway interests get whatever little you can Fred my response to that would be just because you never ever know for sure what’s gonna happen in the future there might be an absolute teeny tiny chance you know a fraction of a percent that somehow someway due to whatever circumstances that you and I can barely even think of right now BTC might fail in some way Bitcoin cash might fail in some way and for whatever reason Bitcoin gold might become be leading kind of cryptocurrency in the space it might be the Bitcoin in which case its value goes from whatever dollars you would get for it on October 25th you know it might go up to the kind of 6,000 dollar level that we have right now for Bitcoin and so maybe I am being a bit over-the-top and a bit too extremely conservative about this but I just think you know what if there’s like a less than 1% chance that this might actually overtake Bitcoin somehow then I might just want to hold onto it for for the time being just to see how things unfold the way I see it is that if Bitcoin gold fails if the collapses and got a zero then I haven’t actually lost anything at all because I still have my BTC and whatever Forks come out of in the future so no loss in that sense and alternatively if Bitcoin gold really does take off and somehow does manage to kind of steal the crown or overthrow BTC then I’ll have held on to it and all those people who sold it for just a handful of dollars and just kind of disregarded it they’d probably live with intense regret about doing so and so I think the settled position that I’ve come down to now with all of these Bitcoin Forks both previous present and in the future as well is I’m just gonna hold on to every single one at firm no matter what there is a little part of me that regrets not selling Bitcoin cash when it was way up I can’t remember the height was it like six hundred seven hundred eight hundred dollars something along those lines you know people did sell it at that point and they were able to scoop themselves up some BTC very profitable move for them but I think most of me you know that other part of me really is just glad I’ve held on to it just in case and I’m always gonna hold on to the ones in the future just in case as well even if all of them only ever have a a 1% chance of overtaking it’s just I feel it’s comfortable and I feel more secure knowing that I will hold every possible vision or every possible iteration of Bitcoin I will always hold the Bitcoin whatever it is because I’m never gonna sell any folks at all I’m probably gonna make another video in the future discussing what I’m gonna be doing with these cigarettes wex coin whenever that gets called eventually and sometime in mid November and it’s gonna be pretty much exactly the same as this video because there’s nothing else or nothing more I have to really say of course none of this is financial advice you can do whatever hell you want to do with your money and in all likelihood I think most people will probably profit or be better off from just selling all the forks so they get just to buy back into BTC you know that will probably I’d say a good 90% plus chance that will serve them well always in the future as far as I’m concerned just for that very very small what-if chance I just want to hold on to it every single fork that I’m ever gonna get out of my BTC that’s what makes me feel good that’s what helps me sleep at night and so you know that’s the reason I think it’s worth it so to condense everything I’ve said in this video basically bitcoin gold I think it’s a fad I don’t think it’ll last even weeks in all likelihood you know we’re gonna forget about this in a year’s time but does that mean that I’m gonna sell my Bitcoin gold no I’m just gonna hold onto it just in case what are you guys gonna do with your Bitcoin Gold you’re gonna hold on to it you’re gonna sell it or any of you actually going to buy it I’d be really really interested if any of you actually are gonna buy it and why you think it’s a good investment for the future I know yeah thank you so much for watching and I’ll be back with more videos very soon Cheers [Music]