Afraid of August One? - page 6. | Bitcointalksearch.org

ximply

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Quote from: coinzoid on July 21, 2017, 11:37:28 AM

I own a hardware wallet (Ledger Nano S). Do I need to use other ways of backup rather than saving my private key pairs? I want to make sure that everything is in place before August One.

Wow you are a rich man coinzoid. Good investment you have there. Your bitcoin are safe with ledger nano s.

bryant.coleman

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Can anyone confirm whether F2Pool and BTC.com are signaling BIP 91 or not? The list given in xbt.eu seems to indicate that they are still not signalling it (the latest block mined by them is 476878). If that is the case, then after the grace period, the blocks mined by these miners will be thrown out and the members will lose their mining reward.

South Park

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Quote from: coinzoid on July 21, 2017, 11:37:28 AM

I own a hardware wallet (Ledger Nano S). Do I need to use other ways of backup rather than saving my private key pairs? I want to make sure that everything is in place before August One.

For what I have read you only need to have your bitcoins in a wallet that you own with private keys that you control as well, so it seems to me you are already prepared for what August 1 will bring but I think the chances of a split of a network are basically zero at this point.

coinzoid

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I own a hardware wallet (Ledger Nano S). Do I need to use other ways of backup rather than saving my private key pairs? I want to make sure that everything is in place before August One.

CarnagexD

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Quote from: noictib on June 29, 2017, 11:46:17 PM

Quote from: CryptoBry on June 29, 2017, 11:04:04 PM

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.

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 Wink

The thing is we really do not need to panic and to be afraid on what will happen on Bitcoin this coming August. First Bitcoin had established its price and past in the market. So as we all know Bitcoin is quite capable on dealing on such problems. It is just better of we are going to take action or in other term ready ourselves for the possibility of changes. But no need to worry and to be afraid because it is just a part of a sure development. Just continue to support and to have faith on Bitcoins development and progress.

ximply

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I do crypto TRADING

Always remember the one rule of trading, buy low sell high.

Very simple but people always forgot. When there is panic in the market price is going down and everyone sells. Then when market in on bull run then everyone buys.

Not good way to invest.

ghostunicorn

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Quote from: Vixmore on July 20, 2017, 11:04:49 PM

I do not think that we really need to be afraid of August 1. We have seen bitcoin's prices grow rapidly in the past few days from 1900 USD tall the way to 2800 USD. I predict the value of bitcoin to be much, much higher after August 1 than it is now.

Quote from: Lyancy001 on July 20, 2017, 12:05:02 PM

Honestly, I'm a little bit excited, and a little bit afraid. Because somehow, if Bitcoin will have an update I know there will be a better place for it in the world.

I'm feeling the same emotions too. I just hope no split will happen in the blockchain that can undermine the whole bitcoin network.

We will probably see a dip just before August 1 in bitcoin's price before climbing rapidly after August 1. This will be a good time to invest again before the opportunity goes away for quite some time.

I hope no split too yet this costed me too much. I sold my bitcoin 2 days ago and now it became a sky rocketed one. It does not make sense to me. We should be ready for another dump after all.

ximply

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Quote from: BitcSeo on July 21, 2017, 11:10:46 AM

Quote from: ximply on July 19, 2017, 09:50:26 AM

Quote from: BitcSeo on July 19, 2017, 09:36:59 AM

Quote from: ximply on July 18, 2017, 03:37:56 AM

....Segwit support is now at 60.4%.....

@ximply,
is this a kind of vote of what? If, yes is there any thing we can do in order to participate in this vote & who do we support?

Thanks
Bitcseo

Yes it is something like a vote but only miners can join. Currently it is now at 80.5% and that is enough to avoid the split. What we need to hope right now is for it to hold at that level for two consecutive days. Majority of the miners are supporting it already except for F2pool and some small group of miners. This trigger the price of bitcoin to go up again after it went down to $1800 level. Now price is up and will continue to go up.

@ximply, thanks for the clarification.

Hi bitcseo, its ok now and we got a lock in already. That is good news for all of us. Now we will see bitcoin price rising.

BitcSeo

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Quote from: ximply on July 19, 2017, 09:50:26 AM

Quote from: BitcSeo on July 19, 2017, 09:36:59 AM

Quote from: ximply on July 18, 2017, 03:37:56 AM

....Segwit support is now at 60.4%.....

@ximply,
is this a kind of vote of what? If, yes is there any thing we can do in order to participate in this vote & who do we support?

Thanks
Bitcseo

Yes it is something like a vote but only miners can join. Currently it is now at 80.5% and that is enough to avoid the split. What we need to hope right now is for it to hold at that level for two consecutive days. Majority of the miners are supporting it already except for F2pool and some small group of miners. This trigger the price of bitcoin to go up again after it went down to $1800 level. Now price is up and will continue to go up.

@ximply, thanks for the clarification.

Vixmore

sr. member

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I do not think that we really need to be afraid of August 1. We have seen bitcoin's prices grow rapidly in the past few days from 1900 USD tall the way to 2800 USD. I predict the value of bitcoin to be much, much higher after August 1 than it is now.

Quote from: Lyancy001 on July 20, 2017, 12:05:02 PM

Honestly, I'm a little bit excited, and a little bit afraid. Because somehow, if Bitcoin will have an update I know there will be a better place for it in the world.

I'm feeling the same emotions too. I just hope no split will happen in the blockchain that can undermine the whole bitcoin network.

We will probably see a dip just before August 1 in bitcoin's price before climbing rapidly after August 1. This will be a good time to invest again before the opportunity goes away for quite some time.

ilovefeetsmell

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Quote from: CryptoBry on June 29, 2017, 11:04:04 PM

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.

It is not 100% sure splitting of Bitcoin. Many people will grievance when this happens. It's very afraid on our bitcoin, what will happen to them? Will I continue saving bitcoin for the several years to earn money and wait until the price double or triple? Many people vision will change when the bitcoin split. What could really happen in coming years? Will it happen again? I want an assurance on holding my bitcoin.

hatshepsut93

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I think long-term hodlers shouldn't care about any hard forks, because ultimately their effect on Bitcoin's price will be irrelevant in a couple of years. Most people who are panicking because of UASF and other potential chain splits are probably newbies who started trading in a last few months, and probably bought Bitcoin above $2700 so it really hurts them when it seems to be going down. I've been into Bitcoin for more than a year now, and witnessed some crashes, wild volatility and speculation, and it taught me to not care much about current price, because long-term perspective is what really important.

psmachado

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I don't know what will be the value of bitcoin after August 1st but all I know is that in a long term Bitcoin will rise! So we have no reason to be afraid of August 1st because if bitcoin decrease after "the event" it will increase in the next weeks or months. Maybee it can be an oportunity to buy/sell and have a good profit but if you do "nothing" you will be safe in a long term.

boyptc

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Quote from: ximply on July 19, 2017, 10:16:51 AM

Quote from: boyptc on July 19, 2017, 10:09:28 AM

I'm afraid as if the split will be continued then there will be a lot of bitcoin to choose. I just want August 1 will be good and successful so that there will be no more splits and everyone can sleep peacefully now. Because today and from the past weeks I really can't sleep well because of always checking and monitoring the market.

If only F2pool, Slush Pool, and GBMiners will join the BIP 91 then we wont have any split. But currently we are just 195 blocks away before the BIP 91 lock in. So lets hope and see. If you are a miner working on those 3 pools i have mentioned, then I suggest you move and go to the other miners other than those 3. You can help if you will do that.

I guess won't have any split now.

Quote from: mihohil on July 20, 2017, 09:59:44 AM

why I need to be scared? everyone is saying that price of cryptocurency's will grow on 1st August, so it's good for us. or you don't think so?

It is being started by .. who knows I don't know who started to spread FUD through the crypto market.

Lyancy001

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Honestly, I'm a little bit excited, and a little bit afraid. Because somehow, if Bitcoin will have an update I know there will be a better place for it in the world.

South Park

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Quote from: Vishnu.Reang on July 18, 2017, 04:52:13 AM

Quote from: kryptoknightk on July 18, 2017, 03:58:30 AM

I am hoping bitcoin takes a HUGE dump before that so I can buy!

A huge dump is unlikely unless something catastrophic happens. Two days back, BTC went down to $1,800 from $2,500-2,600 levels. I don't think that it will fall any further. The rapid recovery made by BTC proves that a lot of demand still exists in the market.

You have been proven right the price has recovered to previous levels and I think this was nothing but a dump manufactured by the whales to get their hands on even more and cheap bitcoin sold by those that do not believe in bitcoin, the whales probably made a fortune this week.

mihohil

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why I need to be scared? everyone is saying that price of cryptocurency's will grow on 1st August, so it's good for us. or you don't think so?

Taskford

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I ain't afraid of august one because the dominating percentage based on the pie graphs that i saw is BIP91 which is a great news and the only reason why the price of bitcoin is already recovered so fast and just taking off on another price level which is above $2,500 as of now and i hope that i will have a dip again so i can buy more bitcoins Cool

.

Vaculin

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Winding down.

Quote from: Monnt on July 20, 2017, 08:19:06 AM

Quote from: ADA0031 on July 19, 2017, 10:20:09 AM

BTC is a standard in the virtual currency, and the impact of forking is unknown, and BTC will always be good.Never let you down

Yup, bitcoin will never let you down but giving you opportunity because it has a lot of potential power which is enough to have by this power it will never let you down. Because bitcoin is trusted since it's came to market. Bitcoin will double your investment in coming months or weeks because it has ability to do these things. So we never need to worry on what is going to happen by august 1. All we need to do is simply holding it as usual but in the wallets where we have privatekey access.

I agree.We should always do the usual things we are doing,that is earning and holding bitcoins in the wallet.Nothing can stop that not even this August 1st.We are used to bitcoin already and whatever happens,bitcoin will always be the number one cryptocurrency who had helped us so much in a lot of ways.So when that time comes,we should be kept strong.Just have faith in bitcoin.

Golftech

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Quote from: virasog on July 20, 2017, 04:00:24 AM

Why are we trying to create fear where there is no need to fear. They say soft Fork there's nothing to be afraid of and the worst thing that people can do is mess up their own personal portfolio. I think no one , not even the miners want to split the chain. Splitting the chain will only create competition and loss of value of each and every bitcoin holder. Only the Newbies with zero bitcoins will get a Chance to enter in bitcoin world by buying cheap.

with this incoming day better to really take a closer look if there's some change that will happen a week ago we seen some downfall as we think that it was because of this split so those who have a lots of coins inside their pockets already sold their coins but as always bounce back happen and segwit make a
huge noise so as of now we really don't know what is the real score but one thing is for sure never fear if you believe with your investment just hold and
see what will happen in the long run.

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