The advice is as useful as it is short. Since the time of the classic stock market, traders know such wisdom: Buy the rumors, sell the news. If you follow the information when there is a hardfork of any of the crypto currency, you can really make money on it.
This simple scheme of making money can be illustrated quite well by the example of a coin, that galloped abruptly, and then dropped sharply. It’s about Nexcoine (NXT) – there has been a growth of 11 times recently! True, then, after the hardfork, there was a drop of about 7 times! But there were traders who could earn a lot on it while the course was at the peak!
It is a common observation among crypto traders that the peak value of the rate (it can be the so-called All Time High or ATH) of any crypto currency is 3-4 days before the hardfork. And information about the upcoming hardfork usually appears a few months before it. Therefore, if you purchase the crypto currency in advance (for some weeks before the alleged hardfork), sell the crypto currency then 3-4 days before it. Then there is a chance to make a good profit even in case of a sharp decline of the rate after the hardfork!
Successful investments to all of you!