Topic: Before August 1, and after August 1. (Read 3879 times)

I understood some points about Bitcoin splitting but not fully. I am looking for local translations. Hope there is someone in this forum who is willing to translate the announcement into local language.

Thank you Casdinyard!!!

You need to find what works for you, if you perform someone else strategy then you could end inadvertently making the mistakes of someone else, but what I’m going to do is simple I’m holding, no matter what happens I’m holding since I have no doubt that all of this about August 1 is just FUD.

Actually I don't understand the people's problem actually what they want by this. When there is little bit happen in bitcoin then the people start crying like this it will grow again in just 1 or 2 days once again. Like you are not having knowledge bitcoin has clearly mentioned that do transactions as more as you can in these days because by august 1 you should avoid transacting bitcoins as it may get struck some where else which might lead to losing those coins.

yes everything is being fine in bitcoin now and so think now it is the best time to save your bitcoin its time to buy bitcoin and not to touch it long time it will surely make you earn bitcoin more and more if you see the price of the bitcoin is more than you invested then it can be a time for you to sell your bitcoin and make money but waiting for august first will be a good decision for good profit.

I'm buyin DOPECOIN!

Same question repeated many times on this forum, don't need to be panic as seeing the scenario I can observe that august 1 will not going to affect the price negatively, the price will surely going to increase after august 1. So try to keep calm and wait for it.

Thank you. This seems to be the most informative and sound advice of all.

I wonder if the BCC hard fork is (or was) really just a short-selling strategy.

I see a ton of noobs speculating about what will happen with the Bitcoin Cash (supposed) hardfork. This is a good article by Luke Dash Jr (Core developer) on why August 1st is nonsense and it's only your fault if you fall for the FUD:

https://medium.com/@lukedashjr/why-nothing-will-happen-with-bitcoin-on-august-1st-93f49a1a930d

Everything is set and done now with segwit locked in, you guys are wasting your time with Bitcoin Cash, I may not even bother to install the client to dump the BCC.

yes there's some people who do have a mindset like that or they can also divert first there bitcoin to another alt coin and wait what will happen
after aug 1 as we all knew that traders will always find a way to generate earnings and they will wait what will aug 1 will bring them.

Before August 1:
I will just monitor the price of different cryptocurrencies I have. Most of the coin price goes down and it is alarming me. But I think it is good because if the price rise I may not cash out at this moment. It is very risky and not safe to transact according to the news that I have read previously.

August 1:
I also monitor the price in this day so that I will be updated to what will happen in this day. I don’t know what will happen and if there will be a “bitcoin split”. I am just hoping that it will be a better day to all bitcoin holders.

After August 1:
If the price rises, I may cash some of my money I need so I can buy things I like as an award for myself for working hard to earn money.

You mean you are hoping many of the users here will be thinking of selling their coins too before August 1?
Actually you dont need to say that.  I think thete will be a lot who will be doing it.
The panic will come and many will be trying to at least be at safety and change it to cash for now. Then go back after August 1.

Everyone is worried I guess. But I think if you have "faith" and "trust" on bitcoin. There is no need to worry. I'm not into bitcoin for long, but based on my experience and researched, bitcoin had endured so many obstacles before and it have overcome everyone of them. So I think this is the biggest so far, but the result would be the same. My bitcoin is already secured and I won't touch it after everything has settled down.

A lot of people now are worried about Aug. 1, even I, because of what I heard that bitcoin price will dump. But I am believing that after that, for sure bitcoin will still increase and make us all back into right now or what have bitcoin right now. But before Aug, 1 I will going to transfer all my btc in other wallet or transfer it into the bank then after recovering I will going to transfer it again in my btc wallet.

I think you should sell a bit of Bitcoin because we are not sure what to expect in August, if you have Bitcoin you should withdraw 50% of your assets, so it will be safer.

I believe that majority is going to grab bitcoins before August 1st.  Prices are affordable before the execution of Segwit.  Those who are already having enough bitcoins in their wallets will keep them safe there. But those who have sold them off under negative pressure or buy getting panicked, will try their best to buy bitcoins before Segwit and after the Segwit, all are going to enjoy the profit.

BTC is volatile AF and will probably always be, just get used to it. Especially during these few weeks before Aug 1. "Bitcoin will fork" = everybody panic sells. "BIP91 ok, no fork" = everybody buys. "Oh wait Bitcoin cash = Bitcoin will fork anyway" = everybody panic sells. Same story over and over. BTC will go up and down a couple of hundreds of dollars each time these things happens and the more expensive BTC gets the more these dumps and pumps will feel like. If bitcoin ever goes to lets say 10k, well then a regular dump in one day can easily be 1k and everyone will panic again.

After the news of Bitcoin cash, the price dropped 200-300 usd but seems to have stabilized now which shows more strength than what happened after the first FUD news a couple of weeks ago.

On aug 1 when the news WILL say "BITCOIN IS NOW FORKED" = panic again.

When the the storm has calmed about 1 week after that and when everyone realized that Bitcoin cash didnt really mean anything bitcoin will rise again and at this point and after I dont think we will see prices below 3k ever again.

In november when segwit2x and the actual hardfork gets implemented there will be panic once again and price will drop 500-1000 usd. Hopefully from 4k to 3k max.

Once this is settled and bitcoin now is truly scaled, there will be no stopping it

I sold a small amount of BTC quite a few days ago, around 18th of July, I do regret it a bit now but it wouldn't make much difference. Anyway, I'm not planning to sell any at the moment since the price keeps going down, I'm just planning to risk it and hope for the best.

Yeah I also thinks that most of the people will sell their bitcoins before august 1 before the hard fork event will happen because  they were pretty scared on what things may happen in the bitcoin network.But me i will not sell my bitcoins and i will just wait and hold