Knowledge is power they say, and yeah lack of knowledge has cost me a fortune and I sure wouldn't want someone else to be in the shoes I currently am.
Ok here's the thing, I bought some fair amount of NXT coin almost about two weeks ago when the price was 0.00004384BTC. I bought it in view of short term gain. I was hoping to sell as soon as it hit 0.0000480BTC.
Well, that never happened (at least in the time I expected it to happen). I kept holding onto poor little NXT hoping that it'll make me proud soon enough. I witnessed my investment fall below sea level. NXT began to rigmarole around 0.0000350BTC while other alt coins soared as the eagle!
I couldn't help but count my losses and fantasize the profit I would have made if only I had my eggs in the litecoin basket!
One faithful night, frustrated by the impotency of the coin, I placed a stop order to sell at 0.00004200BTC; Yes, I wanted out immediately!
Imagine the shock on my face when I woke up to find NXT at 0.0000530BTC in the morning and my coins sold! I almost flinged my laptop!! I really almost cried... A coin I had held back in anticipation grew without me in it!
Wanna know why I missed that golden opportunity? Why I wasn't able to see the future?
I wasn't informed!
Yes, if I only I had been on my toes and read the news, I would have realised that NXT is gonna have a fork!
As a crypto investor, it is very important you stay informed! Follow the right channels and get first hand news on everything that pertains to cryptos and you won't fall into the kind of dilemma I found myself. And yeah sure, you can follow me to get fresh news ( although it sounds ironic because I didn't hear about the NXT fork on time as loud as it was on the internet...my excuse is, I was a bit too busy with other stuffs...lol).
Here's the thing. NXT is gonna be hard forking between 25th-28th December, 2017. What that implies is that a new coin is gonna be forked out of NXT. They're calling it IGNIS. For every NXT you own, you're gonna get half that amount worth of IGNIS coin. So if you have 200 NXT coin, you're gonna 100 IGNIS free!
The great thing about this is, IGNIS is already big on its own...infact, it has already been listed on coinmarketcap and its steadily rising, so there's no risk here (ceteris paribus). You end of gaining a new coin with increasing value added to your already existing NXT coins (which also is currently blazing to the skies as you read this).
If you're gonna invest, now is the time! Just hold the damn thing till 25th...speculations are what make prices go up and there's a whole lot of speculations on this one! Nothing can go wrong (at least until the fork day)
Happy trading!
@johnesan