Cryptocurrency: the opportunity of today

This article suggest some situations to exploit for gaining in the cryptocurrency world. This world contains many possibilities to earn coins for free. To seize these opportunities it is necessary to be constantly updated on new projects. Information is always the extra weapon for those who want to experience this world.

Take advantage of a fork

First, we must point out that there are two types of fork: soft and hard fork.

Soft forks do not give chances to have a gain. Indeed, it consists in a bockchain update, without the generation of new coins.

Hard forks instead create a new chain and consequently new coins, from a certain point ahead. The operation is similar to the one described for airdrops.

How can I get new coins?

The procedure is not always the same. First, we need to be sure that official and reliable channels have announced the fork. Secondly, we need to verify that the wallets or exchanges on which we keep the tokens have joined the fork.

How can I gain with the fork?

There are mainly two strategies to follow.

Usually, the fork announcement generates a strong peak due to all the people that want to receive the new coins.

It can be a good idea to sell the owned position right before the fork and realize the percentage of profit. In other cases, if the project of a new generatedcoin seems interesting, we can wait for the fork.

It is important to know that, after a fork, there is a dump in sales.This is due to those who wanted to get the new coins.

Conclusions

Hard forksare probably one of the best opportunities to gain with cryptocurrency. However, there is not a “best strategy”, butit depends on what we really care about getting in the specific case.

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