Topic: August 1 strategies. Opionion needed? (Read 1578 times)
Do you know at what time (UTC) it will be possible to sale the BCC and BTC?
Strategy 1 is my guess. Makes the most sense. I have a feeling that everyone is going to dump all the BCC as quickly as they can.
Hahah, yes it does gonna happen if indeed all people now choose to store most of the btc that they have. Because how does it happen, if indeed they could easily get a BCC just by having the old btc. So, this is something that definitely will happen because they get a bcc with a very easy way. But it all will surely provide a beneficial effect for those who have a belief that the BCC will have good value, because the plan will never be missing from a possibility
To avoid risks I think I will use a hybrid of these strategies:
- Hodl majority of BTC offline or hardware wallet;
- invest a small part to benefit from current low alt coin price;
- What OP didnt mention, to benefit from peak lending rate (3~5% a day) on Poloniex with a small amount of BTC;
- wait for Bitcoin cash to reach a very low point to get some;
I dont speculate on BTC price in this process as I have no idea how it will go.
- Hodl majority of BTC offline or hardware wallet;
- invest a small part to benefit from current low alt coin price;
- What OP didnt mention, to benefit from peak lending rate (3~5% a day) on Poloniex with a small amount of BTC;
- wait for Bitcoin cash to reach a very low point to get some;
I dont speculate on BTC price in this process as I have no idea how it will go.
Strategy 4:
hedge all you coins on OKex > risk nothing, get BCC
hedge all you coins on OKex > risk nothing, get BCC
I prefer this one
Main Assumptions:
People are piling BTC now so they can get free BCC.
Immediately sell after the price matches, will many people who get BCC immediately free, then sell it, BCC prices will go down.
I am not sure BCC will be able to compete with BTC. BTC remains king.
It would really still remain as King and knowing BCC it would really be just an another alt. If people would able to earn BCC free from their bitcoins then expect for prices to dump after all when people do still have trust on bitcoin and would dump their BCC. I dont know actually if the support for BCC would be strong for it to sustained its price or even to increase later on. Main Assumptions:
People are piling BTC now so they can get free BCC.
Immediately sell after the price matches, will many people who get BCC immediately free, then sell it, BCC prices will go down.
I am not sure BCC will be able to compete with BTC. BTC remains king.
is there any way to get free BCC regardless of using mining costly hardware ? in all cases it easy to get BCC free even for those who are able to mining with their old equipment because of lower hash rate , definitely i don't like the separation of bitcoin into two different chain so regard to all this my strategy is cloudy and not clear .
Hello guys i have some strategies and assumptions for August 1. Can i get your opionions on them :
Strategy 1:
Buy bitcions now and get free BCC. Imdeiatly after the hardfork sell your bitcoins because the price of btc will drop for a short time. Then buy bitcoins again the next day or 2 a lot cheaper. I do belvie the price of btc will drop around 10% -20% for a short time after the bcc release, because a lot of guys are now piling bitcoins jsut go the the free bcc, thats why we see the current spike of 10% to the USD despite the hardfork FUD. Also if you look at the history same thing happened with NXT and Ardor. People were piling nxt to get free ardor and after they were credited NXT crashed. Also after the hard fork of ethereum, price of ethereum classic crashed around 30%. So it's normal to except devaluation in the short term after the bcc split.
However a big side effect of the strategy will be that ,it will create a big hype around the BCC( good or bad its still a hype), you know a lot of people will try to dump their "free" bcc and earn as much as they can, so bcc will be the center of attention in the crypto market for a day or two. And who really knows what may happen because of that, a lot of traders may find it as a nice opportunity to make money out of the fast market and so a big interest around BCC may appear.
Strategy 1:
Buy bitcions now and get free BCC. Imdeiatly after the hardfork sell your bitcoins because the price of btc will drop for a short time. Then buy bitcoins again the next day or 2 a lot cheaper. I do belvie the price of btc will drop around 10% -20% for a short time after the bcc release, because a lot of guys are now piling bitcoins jsut go the the free bcc, thats why we see the current spike of 10% to the USD despite the hardfork FUD. Also if you look at the history same thing happened with NXT and Ardor. People were piling nxt to get free ardor and after they were credited NXT crashed. Also after the hard fork of ethereum, price of ethereum classic crashed around 30%. So it's normal to except devaluation in the short term after the bcc split.
However a big side effect of the strategy will be that ,it will create a big hype around the BCC( good or bad its still a hype), you know a lot of people will try to dump their "free" bcc and earn as much as they can, so bcc will be the center of attention in the crypto market for a day or two. And who really knows what may happen because of that, a lot of traders may find it as a nice opportunity to make money out of the fast market and so a big interest around BCC may appear.
RE STRATEGY 1:
I thought it wasn't safe to do any transactions with BTC after the fork? That's what I've read in several sources, that one is supposed to do nothing, nor send nor receive BTC until the situation is safe again, whether it takes days, weeks or months
? I'm pretty sure everyone is following the same stuff as are doing. It better to move out everything from the wallets and convert to fiat currencies. This will support us by saving money that we may loose in tomorrow's transition. And can you imagine, tomorrow is the day for which we are creating such big supportive threads! Hope everybody is in peace and has taken all the precautions.
But selling all BTC in exchange for FIAT would leave the FIAT on the exchange that you sold....isn't that risky too?
- Buy bitcoin right now and get free bcc
- sell those BCC to buy cheap altcoins out there like ETH, LTC and many more
- Sell your btc too if price stays up
- Buy back some cheap bitcoin with all the fiat you have when bitcoin price will get some correction
- Exchange all your altcoins when they will be pumped after network split because many will buy alts with all their free money
- sell those BCC to buy cheap altcoins out there like ETH, LTC and many more
- Sell your btc too if price stays up
- Buy back some cheap bitcoin with all the fiat you have when bitcoin price will get some correction
- Exchange all your altcoins when they will be pumped after network split because many will buy alts with all their free money
The thing is, transacting with BCC (selling them after the split) still sounds kind of technically complicated and risky. Am I right ?
One scenario nobody considered: One or more of the exchanges crashes because of a technical issue (Fork problems, too much traffic, Transactions, etc). Whole market collapses big time. Like Mt Gox. 1000 to 70.
I'm pretty sure everyone is following the same stuff as are doing. It better to move out everything from the wallets and convert to fiat currencies. This will support us by saving money that we may loose in tomorrow's transition. And can you imagine, tomorrow is the day for which we are creating such big supportive threads! Hope everybody is in peace and has taken all the precautions.
I'm not much expectation about BCC that disrupt cryptocurrency in this time and ETH still on the way to correct its value. My opinion is to hold altcoins such as PPT, IXT or etc... This is might safe and profitable during what happen in August 1 event 
The whales will be selling unfortunately.
BTC will definitely drop, the question is how far?
The BTC price @ around 2700 USD includes within it BCC, which is currently around $340 USD.
So the real price for BTC is currently about $2360 USD.
I have sold my BTC because i'm concerned the price will drop a lot on Aug 1st.
Well, you will regret it soon after August 1 because if you know what traders or whales are going to do it is not like you think , They are the ones who will benefit for this big dumps and dumping or selling your BTC is just a lost for you. Bitcoins will not drop to low it finally recovers after that big dump in the past weeks .So its was expected the price will more rise after these event.BTC will definitely drop, the question is how far?
The BTC price @ around 2700 USD includes within it BCC, which is currently around $340 USD.
So the real price for BTC is currently about $2360 USD.
I have sold my BTC because i'm concerned the price will drop a lot on Aug 1st.
When it drops to $1400 tomorrow i will buy.
Everyone knows the whales are dumping.
The whales will be selling unfortunately.
BTC will definitely drop, the question is how far?
The BTC price @ around 2700 USD includes within it BCC, which is currently around $340 USD.
So the real price for BTC is currently about $2360 USD.
I have sold my BTC because i'm concerned the price will drop a lot on Aug 1st.
Well, you will regret it soon after August 1 because if you know what traders or whales are going to do it is not like you think , They are the ones who will benefit for this big dumps and dumping or selling your BTC is just a lost for you. Bitcoins will not drop to low it finally recovers after that big dump in the past weeks .So its was expected the price will more rise after these event. BTC will definitely drop, the question is how far?
The BTC price @ around 2700 USD includes within it BCC, which is currently around $340 USD.
So the real price for BTC is currently about $2360 USD.
I have sold my BTC because i'm concerned the price will drop a lot on Aug 1st.
The whales will be selling unfortunately.
BTC will definitely drop, the question is how far?
The BTC price @ around 2700 USD includes within it BCC, which is currently around $340 USD.
So the real price for BTC is currently about $2360 USD.
I have sold my BTC because i'm concerned the price will drop a lot on Aug 1st.
BTC will definitely drop, the question is how far?
The BTC price @ around 2700 USD includes within it BCC, which is currently around $340 USD.
So the real price for BTC is currently about $2360 USD.
I have sold my BTC because i'm concerned the price will drop a lot on Aug 1st.
I prefer this one
Main Assumptions:
People are piling BTC now so they can get free BCC.
Immediately sell after the price matches, will many people who get BCC immediately free, then sell it, BCC prices will go down.
I am not sure BCC will be able to compete with BTC. BTC remains king.
I think people are still stay in bitcoin but if BCC is free well its not a problem to get some bcc so that we can sell them if it has a value.. Main Assumptions:
People are piling BTC now so they can get free BCC.
Immediately sell after the price matches, will many people who get BCC immediately free, then sell it, BCC prices will go down.
I am not sure BCC will be able to compete with BTC. BTC remains king.
Well for me according to other member and other people outside in this forum some opinion there they are still stay in bitcoin that i think bcc will be useless but we don't know what will be happen we will see it after august 1..
If people are going to dump their BCH, I'd expect it to be exchanged for BTC rather than fiat in most cases. So if this is the case, I'd expect that to provide a boost to the price of BTC, although there are other variables to consider.
I prefer this one
Main Assumptions:
People are piling BTC now so they can get free BCC.
Immediately sell after the price matches, will many people who get BCC immediately free, then sell it, BCC prices will go down.
I am not sure BCC will be able to compete with BTC. BTC remains king.
I think people are still stay in bitcoin but if BCC is free well its not a problem to get some bcc so that we can sell them if it has a value.. Main Assumptions:
People are piling BTC now so they can get free BCC.
Immediately sell after the price matches, will many people who get BCC immediately free, then sell it, BCC prices will go down.
I am not sure BCC will be able to compete with BTC. BTC remains king.
Well for me according to other member and other people outside in this forum some opinion there they are still stay in bitcoin that i think bcc will be useless but we don't know what will be happen we will see it after august 1..
If I was given that 3 option I will buy Bitcoin and hold it, I don't really care about BCC because I don't think BCC will work out, most people will dump that coin, and after this incident Bitcoin price will keep on going up as we can see this few days the Bitcoin dominance is increasing
Its better to buy bitcoin after august1 because we dont know what will happen in bitcoin if they split to bitcoin into bitcoin classic and bitcoin. If that happen for sure many people invest to that coins because the price for sure become half and for sure after few days it will increase again so you can earn profit. But it depends to you what its best to do in august 1 and after . But its better to make a research first.
I already pulled my btc out of exchanges ... I'm keeping some fiat for speculation opportunities in Altcoins markets 
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