1st August questions - can you invest safely? - page 2.

mindrust

legendary

Activity: 3276

Merit: 2442

Eth had a fork in the past. It is nothing big. The best blockchain with the most user support will have a higher price and the other one will still live but going to have a lower price.
There might be some price drops on both chains all together but that might be seen as a buy opportunity to some people.

If you want to be %100 safe, stay with FIAT.
If you want to be %80 safe, buy bitcoins but keep them in your desktop wallet and don't connect to the internet.
If you want to be %50-20 safe, buy bitcoins and keep them on the exchanges. Cool

*no pain no gain*

richardsNY

legendary

Activity: 1232

Merit: 1091

Main point of importance is that you keep all your coins off any exchange/service/gambling site/whatever. As long as that is the case, your coins are safe and thus nothing will happen to them. Important is that when you do end up buying yourself an x number of coins, that you are accepting the fact that the value may heavily fluctuate in both up and down directions. It's easy to hold your coins when the price goes up, but most people lose it when the price tanks heavily -- just make sure you don't end up dragging yourself down that way. The high level of volatility will be of short term, don't forget that.

bitserve

legendary

Activity: 1862

Merit: 1530

Self made HODLER ✓

Maybe everything will just go perfectly smooth and the price will simply moon. In fact that's what I expect/hope.

But if you are expecting some trouble the best you could do is:

1- Transfer any BTC to an external wallet you control (preferably a hardware wallet but that's irrelevant in this case).
2- Close all leveraged positions as extreme volatility could cause very undesirable results.
3- Set up some extreme limit (with NO leveraging) orders to take some advantage of the potential extreme volatility in case it happens.

With that, you are ready to go and prepared for the worst.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

I've really no idea myself. But I am confident that everyone's going to want to minimise disruption. No one wins with chain splits no matter what side they're on. There will no doubt be plenty of price action. Traders never turn down the opportunity to give noobs the willies.

SONG GEET

hero member

Activity: 700

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Quote from: Alphaz841x on July 08, 2017, 02:07:59 AM

So im looking to invest into bitcoin and because it's hard to determine whether price will drop or raise after 1st of August i have decided to invest a certain percent now, and the rest after 1st of August.

Good decision, always keep 50% in fiat to buy back cheap bitcoins.

Quote from: Alphaz841x on July 08, 2017, 02:07:59 AM

Is it safe to buy Bitcoins right now, and by safe i mean - in case of a fork, i have read some things about a chain being completely neglected as if it never happened. Am i safe to buy my BTC now and send them to my storage or is there a possibility in which that transaction becomes "neglected as it never happened" and the btc will disappear from my wallet?

It is safe to buy bitcoins right now but you have to keep them in electrum like wallet which provide you private keys of your bitcoin address so that you can have coins in both chain in case of hard fork.

Quote from: Alphaz841x on July 08, 2017, 02:07:59 AM

Is it safe to purchase Bitcoins after 1st of August or once a fork happens? Any catches or things i should be looking at?

If there will be hardfork which is quite uncertain right now, you will be able to buy two types of bitcoin one with small community support and another one with majority of miners support.

hase0278

hero member

Activity: 882

Merit: 544

Quote from: Alphaz841x on July 08, 2017, 02:07:59 AM

So im looking to invest into bitcoin and because it's hard to determine whether price will drop or raise after 1st of August i have decided to invest a certain percent now, and the rest after 1st of August.
Is it safe to buy Bitcoins right now, and by safe i mean - in case of a fork, i have read some things about a chain being completely neglected as if it never happened. Am i safe to buy my BTC now and send them to my storage or is there a possibility in which that transaction becomes "neglected as it never happened" and the btc will disappear from my wallet?
Is it safe to purchase Bitcoins after 1st of August or once a fork happens? Any catches or things i should be looking at?

Just don't want to screw myself over because of my lack of knowledge. Appreciate all replies!

It is safe to buy bitcoin now even if a fork were to happen because even if there would be a split in chain, we all would have the same amount of bitcoins in the two chains so there's no need to worry about losing bitcoin you just need to store them in a bitcoin wallet that you own and currently controls a private key. Transactions would never become neglected as it never happened because a transaction is forever saved in the blockchain records so it is safe to purchase bitcoin now if you want to.

digaran

copper member

Activity: 1330

Merit: 899

🖤😏

Quote from: Alphaz841x on July 08, 2017, 02:57:20 AM

I've simply read these things on another website and since i have no idea if they are true i decided to ask people around. Investing big amounts should not be done on a whim and i wanted to prepare and make sure it's completely safe before i put my money in. Really, no need to be passive-aggressive about that - either way thanks for the answer, just wanted to make sure.

It's not about being passive whatever lol, it's about detecting bull shit and stop it from spreading, what you are saying or worrying about is kind of the whole thing isn't it? whether or not should you or any body else invest now or waits a few more months? if you think that after you bought your Bitcoins there is a possibility for them to vanish and completely disappear that means $40B potential investment is based on such a lousy system that could simply neglect people's coins?
Try bitfinex.

john yuan

full member

Activity: 154

Merit: 100

0x3a730F3323481De284C92Ad82764D095f188B41b

Quote from: Alphaz841x on July 08, 2017, 02:57:20 AM

Quote from: digaran on July 08, 2017, 02:38:25 AM

Quote from: Alphaz841x on July 08, 2017, 02:07:59 AM

So im looking to invest into bitcoin and because it's hard to determine whether price will drop or raise after 1st of August i have decided to invest a certain percent now, and the rest after 1st of August.
Is it safe to buy Bitcoins right now, and by safe i mean - in case of a fork, i have read some things about a chain being completely neglected as if it never happened. Am i safe to buy my BTC now and send them to my storage or is there a possibility in which that transaction becomes "neglected as it never happened" and the btc will disappear from my wallet?
Is it safe to purchase Bitcoins after 1st of August or once a fork happens? Any catches or things i should be looking at?

Just don't want to screw myself over because of my lack of knowledge. Appreciate all replies!

There are currently more than 16M Bitcoins in circulation OP, what do you think? hard fork or not, you buying and investing or not, once coins are generated and later on transferred then included in blockchain they will remain there for ever. there is no neglecting transactions, what kind of an idiot says that?

I've simply read these things on another website and since i have no idea if they are true i decided to ask people around. Investing big amounts should not be done on a whim and i wanted to prepare and make sure it's completely safe before i put my money in. Really, no need to be passive-aggressive about that - either way thanks for the answer, just wanted to make sure.

I would like to ask if there is a trading platform
Is willing to be on August 1 for the user's BTC token
The resulting hard and soft crossover may become two BTC tokens

Alphaz841x

newbie

Activity: 31

Merit: 0

Quote from: digaran on July 08, 2017, 02:38:25 AM

Quote from: Alphaz841x on July 08, 2017, 02:07:59 AM

So im looking to invest into bitcoin and because it's hard to determine whether price will drop or raise after 1st of August i have decided to invest a certain percent now, and the rest after 1st of August.
Is it safe to buy Bitcoins right now, and by safe i mean - in case of a fork, i have read some things about a chain being completely neglected as if it never happened. Am i safe to buy my BTC now and send them to my storage or is there a possibility in which that transaction becomes "neglected as it never happened" and the btc will disappear from my wallet?
Is it safe to purchase Bitcoins after 1st of August or once a fork happens? Any catches or things i should be looking at?

Just don't want to screw myself over because of my lack of knowledge. Appreciate all replies!

There are currently more than 16M Bitcoins in circulation OP, what do you think? hard fork or not, you buying and investing or not, once coins are generated and later on transferred then included in blockchain they will remain there for ever. there is no neglecting transactions, what kind of an idiot says that?

I've simply read these things on another website and since i have no idea if they are true i decided to ask people around. Investing big amounts should not be done on a whim and i wanted to prepare and make sure it's completely safe before i put my money in. Really, no need to be passive-aggressive about that - either way thanks for the answer, just wanted to make sure.

digaran

copper member

Activity: 1330

Merit: 899

🖤😏

Quote from: Alphaz841x on July 08, 2017, 02:07:59 AM

So im looking to invest into bitcoin and because it's hard to determine whether price will drop or raise after 1st of August i have decided to invest a certain percent now, and the rest after 1st of August.
Is it safe to buy Bitcoins right now, and by safe i mean - in case of a fork, i have read some things about a chain being completely neglected as if it never happened. Am i safe to buy my BTC now and send them to my storage or is there a possibility in which that transaction becomes "neglected as it never happened" and the btc will disappear from my wallet?
Is it safe to purchase Bitcoins after 1st of August or once a fork happens? Any catches or things i should be looking at?

Just don't want to screw myself over because of my lack of knowledge. Appreciate all replies!

There are currently more than 16M Bitcoins in circulation OP, what do you think? hard fork or not, you buying and investing or not, once coins are generated and later on transferred then included in blockchain they will remain there for ever. there is no neglecting transactions, what kind of an idiot says that?

HeRetiK

legendary

Activity: 3122

Merit: 2178

Playgram - The Telegram Casino

This article should help:
https://bitcoinmagazine.com/articles/countdown-segwit-these-are-dates-keep-eye/

Alphaz841x

newbie

Activity: 31

Merit: 0

So im looking to invest into bitcoin and because it's hard to determine whether price will drop or raise after 1st of August i have decided to invest a certain percent now, and the rest after 1st of August.
Is it safe to buy Bitcoins right now, and by safe i mean - in case of a fork, i have read some things about a chain being completely neglected as if it never happened. Am i safe to buy my BTC now and send them to my storage or is there a possibility in which that transaction becomes "neglected as it never happened" and the btc will disappear from my wallet?
Is it safe to purchase Bitcoins after 1st of August or once a fork happens? Any catches or things i should be looking at?

Just don't want to screw myself over because of my lack of knowledge. Appreciate all replies!

Topic: 1st August questions - can you invest safely? - page 2. (Read 1726 times)