Topic: Afraid of August One? - page 21. (Read 25697 times)
personally I am not afraid of August one. becouse august one can be bitcoin dump but I decided that my bitcoin convert to my national currency and when bitcoin back in to the track then I again convert national currency to bitcoin.
Of course you shouldn't be worried about August 1st, as we all know that those were rumors. If it was true, we could have seen the bitcoin falling apart but that's not the case. Its value is raising day by day. That's a clear hint for wise person. People should not stop investing in bitcoin after being afraid of 1st august
There is some degree of anxiety about bitcoin's fate come August 1st. But there's some degree of eagerness that something really good will come out of this development. After all, the fork is aimed at improving bitcoin and not downgrading it, so results of the fork should further bitcoin price and by then, anyone with bitcoins will have gained more (that is, if they're on the successful side of the fork).
Unless you are a Miner, you don't really have to choose sides.
You can choose to hold coins on all the chains that fork off and let the Hashpower duke it out.
There is alot of money to be lost and as I see it, there is only money to be made in one of the following scenarios:
- BIP 148 gets traction and Legacy doesn't Hard Fork. You can dump Legacy. The risk is a hard fork later than expected and an economical win in the exchanges for Legacy.
- BIP 148 is minority and Legacy Hard Forks. You can dump whichever you feel is going to lose economically, not in number of nodes, but in Exchange pricing.
Both are a big risk. I reckon a normal user is actually better off not taking any sides. Also, all the sane economical actors should be running 2 nodes. The only ones who have a choice forced upon them are the Miners.
I would expect to see a strong increase in Hashrate in the previous difficulty adjustment periods, this will make it more difficult for the minority chain to produce blocks.
My actual expectation is that all will be solved way before August 1 though.
There is some degree of anxiety about bitcoin's fate come August 1st. But there's some degree of eagerness that something really good will come out of this development. After all, the fork is aimed at improving bitcoin and not downgrading it, so results of the fork should further bitcoin price and by then, anyone with bitcoins will have gained more (that is, if they're on the successful side of the fork).
This is very simple thing , you should think that lot of amount of the Bitcoin are hold by the owner of the Bitcoin , so what will happ if the network of the blockchain will face problem , I mean we don't need to worry much about this , and instead of this some preacuation should be taken by us .
1) Before 1 August transfer your all Bitcoin at the blockchain wallet .
2) If you have Bitcoin then transfer only Bitcoin to your address of blockchain also .
3) don't make transaction like things from any of the Bitcoin wallet .
4) Make backup of your wallet of the blockchain before the 1 August .
If you will do these things , then I don't think that you need to worry anything ways , because you are in official ways and platform and nothing is problem in the official wallets
1) Before 1 August transfer your all Bitcoin at the blockchain wallet .
2) If you have Bitcoin then transfer only Bitcoin to your address of blockchain also .
3) don't make transaction like things from any of the Bitcoin wallet .
4) Make backup of your wallet of the blockchain before the 1 August .
If you will do these things , then I don't think that you need to worry anything ways , because you are in official ways and platform and nothing is problem in the official wallets
If you're saying blockchain.info is some sort of "official wallet" you are sadly mistaken newbie. Maybe do a quick google to see how crappy their security is. I'd trust mt gox more than blockchain.info hahaha. This is hard to understand because your English is so crappy, but the advice is terrible so it's for the best.
Fork = one chain becomes two. You'll already own bitcoins in both. Don't worry about that. The price will go up because bitcoins will be usable for small transactions again. Finally.
We are already in July and August 1 is coming...the day when Segwit would start signalling for all and what will happen after this date is something many fear of. Will there be a split and what will happen on the split?
I have already read some assurance that at the current rate things are doing, the possibility for a split is getting remote. Maybe the overarching interest of all stakeholders has already dawned to many.
I have already read some assurance that at the current rate things are doing, the possibility for a split is getting remote. Maybe the overarching interest of all stakeholders has already dawned to many.
For me I'm actually excited because we don't know what will happen and we have all many questions on what will happen. It could be a bad things and or it will be the opposite of it. We don't know and this is what excites me, for sure we all hope that after the update will benefit us all and all of this fear will be gone. Some of the people are just over reacting but maybe they are right we don't know, I know that we are actually getting excited or nervous but we don't know what will happen until it happens. So Good luck to us
Why i do see some people who are really afraid on August 1 event which Segwit would activated or not if theres a split or not but well no matter which way would go it do only have two outcomes which is crash or pump the important thing is we should be wise on either to buy more or sell. In my own view i will purchase after a week on August 1 event because we would able to see what would be the result on the event.
What if prices crash like there is no tomorrow after your bid? Unexpected things happen in blink of eye..
If applied to me then so be it. Recovery will takes time but after all you know how to minimize the losses. And you just said, unexpected things happen in blink of eye, so chances for high price pump is also possible.
But remember, there's no such thing as instant downfall. If ever a big crash will happened, still we can get out. Just for assurance, I must be present most of the time during that day and after in order to get in touch with my coins.
We are already in July and August 1 is coming...the day when Segwit would start signalling for all and what will happen after this date is something many fear of. Will there be a split and what will happen on the split?
I have already read some assurance that at the current rate things are doing, the possibility for a split is getting remote. Maybe the overarching interest of all stakeholders has already dawned to many.
I am not afraid and i am just waiting for that day because already we could see now that spammers have started leaving the network since they know that segwit would be activated and they have stopped sending spam transactions.So we could see that transactions are confirmed quickly with even small fee.So,after segwit,situations would improve much more. I have already read some assurance that at the current rate things are doing, the possibility for a split is getting remote. Maybe the overarching interest of all stakeholders has already dawned to many.
I am afraid because I literally have no idea, i read some articles and still im confuse maybe someone here enlighten me. Now heres my situation, My coins are literally spread in altcoins, i do trading now my question is, is it to stay my money their before the segwit ? or should i convert it into fiat and but bitcoin right after the segwit ?
Why i do see some people who are really afraid on August 1 event which Segwit would activated or not if theres a split or not but well no matter which way would go it do only have two outcomes which is crash or pump the important thing is we should be wise on either to buy more or sell. In my own view i will purchase after a week on August 1 event because we would able to see what would be the result on the event.
a lot of people are there i think who have some confusion about the price of bitcoin but i am sure that very soon their confusion will become finish and they will start investing their money in bitcoin once again. They will not start invest in bitcoin before the UASF will be finished. Especially if the bitcoin gets forked and you will see another forked coin like ETC criminal coin.
That's the worst scenario ( I can say it is still a rumor)
Not afraid of August 1st, but somewhat impatient for it.
I think the BTC price is in somewhat of a holding pattern as people wait to see how it all plays out.
I think the BTC price is in somewhat of a holding pattern as people wait to see how it all plays out.
Why i do see some people who are really afraid on August 1 event which Segwit would activated or not if theres a split or not but well no matter which way would go it do only have two outcomes which is crash or pump the important thing is we should be wise on either to buy more or sell. In my own view i will purchase after a week on August 1 event because we would able to see what would be the result on the event.
a lot of people are there i think who have some confusion about the price of bitcoin but i am sure that very soon their confusion will become finish and they will start investing their money in bitcoin once again. 
Why i do see some people who are really afraid on August 1 event which Segwit would activated or not if theres a split or not but well no matter which way would go it do only have two outcomes which is crash or pump the important thing is we should be wise on either to buy more or sell. In my own view i will purchase after a week on August 1 event because we would able to see what would be the result on the event.
What if prices crash like there is no tomorrow after your bid? Unexpected things happen in blink of eye..
If applied to me then so be it. Recovery will takes time but after all you know how to minimize the losses. And you just said, unexpected things happen in blink of eye, so chances for high price pump is also possible.
But remember, there's no such thing as instant downfall. If ever a big crash will happened, still we can get out. Just for assurance, I must be present most of the time during that day and after in order to get in touch with my coins.
Why i do see some people who are really afraid on August 1 event which Segwit would activated or not if theres a split or not but well no matter which way would go it do only have two outcomes which is crash or pump the important thing is we should be wise on either to buy more or sell. In my own view i will purchase after a week on August 1 event because we would able to see what would be the result on the event.
What if prices crash like there is no tomorrow after your bid? Unexpected things happen in blink of eye..
Not at all. Those who are afraid of August one are those who always get panic if there is even a little downfall of price. Actually, nothing to be afraid of on that date. It's actually an oppurtunity, if it's goes down then it's an oppurtunity to buy at a cheaper price the same goes when it goes up, time for selling at a higher price. Both up and down is an oppurtunity.
Its just a normal i think that we will see the price fall after segwit activation.. just the same what happen last year after block halving we don't see any good movement of the price of bitcoin and we only seen the drop down but we are not expecting the price will increase with a great value and until now we are see a big bump.. So this coming new event much better to dont be afraid its just a normal.. Why i do see some people who are really afraid on August 1 event which Segwit would activated or not if theres a split or not but well no matter which way would go it do only have two outcomes which is crash or pump the important thing is we should be wise on either to buy more or sell. In my own view i will purchase after a week on August 1 event because we would able to see what would be the result on the event.
Always a good idea is to buy bitcoin because anytime the price can be increase the price before the segwit activation for those who afraid about bitcoin they are just losing the opportunity to make a good profit. like i said the downfall is just a normal for bitcoin.. Developers are always looking for a way to improve bitcoin so i think after segwit activation we will see the importance of this new feature that can push the price more high..
Why i do see some people who are really afraid on August 1 event which Segwit would activated or not if theres a split or not but well no matter which way would go it do only have two outcomes which is crash or pump the important thing is we should be wise on either to buy more or sell. In my own view i will purchase after a week on August 1 event because we would able to see what would be the result on the event.
Not at all. Those who are afraid of August one are those who always get panic if there is even a little downfall of price. Actually, nothing to be afraid of on that date. It's actually an oppurtunity, if it's goes down then it's an oppurtunity to buy at a cheaper price the same goes when it goes up, time for selling at a higher price. Both up and down is an oppurtunity.
It seems August will be a good start of settled bitcoin transaction changes to fast flow and solve some other problem of bitcoin which is a very good news to each and everyone of us who are bitcoin enthusiast. I guess people expecting for high value due to segwit ao it rises up to the moon and once the coin meets that for sure mang holders will take advantage of that event then a chance fo buy some coins too becuase after selling stocks will rise so value will be low so we can avail coins in small price.
JUST BE WISE guys.
JUST BE WISE guys.
I just wanted to buy more bitcoin, but the issue of bitcoin in August will make me hesitate, but after I consider it is not wrong to take the risk for greater profit. Even if the value is down, we only need to wait for the return of bitcoin.
If BIP 148 goes through, I suppose nothing matters and the market rallies.
If BIP 148 has only minority hash rate, we will get 2 coins. If the hashrate moves towards BIP 148, then it will orphan the Legacy Chain, there is only one chain and the market rallies.
If BIP 148 has minority hash rate and miners still won't move, then miners have no option but to Hard Fork the Legacy Chain to protect themselves. We will get 2 coins and exchanges will be safe to start trading them. The value of both coins will probably be inferior to that of 1 BTC. But I suspect in the short term, either one coin will come out way ahead and rally, or both will thrive. Who knows.
There is also the off chance that Segwit will be activated before, and I suspect if that happens, the Market will soar very fast.
The thing is, I think it will be very very hard to trade your coins as the events unfold and also very hard or costly to buy into a rally on uncertain circumstances. Therefore, my conclusion, I am buying what I can right now and keep it.
What I am keeping my eye out for is a steep decrease in price before August 1. I would heavily buy into that and hold them dumped coins through the troubled times.
Bear in mind I hold no Millions. So don't put your faith in what I say. All my worth in Bitcoins could be spent in a night out, so I have little to lose and much to gain. I can afford to be optimistic in all the scenarios.
If BIP 148 has only minority hash rate, we will get 2 coins. If the hashrate moves towards BIP 148, then it will orphan the Legacy Chain, there is only one chain and the market rallies.
If BIP 148 has minority hash rate and miners still won't move, then miners have no option but to Hard Fork the Legacy Chain to protect themselves. We will get 2 coins and exchanges will be safe to start trading them. The value of both coins will probably be inferior to that of 1 BTC. But I suspect in the short term, either one coin will come out way ahead and rally, or both will thrive. Who knows.
There is also the off chance that Segwit will be activated before, and I suspect if that happens, the Market will soar very fast.
The thing is, I think it will be very very hard to trade your coins as the events unfold and also very hard or costly to buy into a rally on uncertain circumstances. Therefore, my conclusion, I am buying what I can right now and keep it.
What I am keeping my eye out for is a steep decrease in price before August 1. I would heavily buy into that and hold them dumped coins through the troubled times.
Bear in mind I hold no Millions. So don't put your faith in what I say. All my worth in Bitcoins could be spent in a night out, so I have little to lose and much to gain. I can afford to be optimistic in all the scenarios.
There's also the problem of sending and receiving transactions during the time of uncertainty because you don't know what coins you are receiving or sending. The only way to guarantee you are doing the right thing is by running 2 full nodes, one with regular bitcoin core and other with UASF148 to control both coins. Oh and make sure to get out of any exchange that doesn't list both coins or they will scam you.
Correct. The idea is to stay put until all the forked chains show themselves and are safeguarded by hard forks. Until then, I will hold still, Buy if the price tanks, and get as much stake in every coin possible.
After hard forking, you can just try and trade one chain for another.
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