Buy now... or on July 31st? - page 6.

AicecreaME

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Quote from: OmegaStarScream on July 17, 2017, 02:15:08 PM

There will be no risks when you know for sure that there will be no chain split and this what people was afraid of. As you can see, the price started increasing once again since Bitmain announced that their pools will start SegWit2x today, all we can do now is check Coin.dance from time to time and hope for the best. It could be a good idea to hold some money on exchanges and check the news in the next a few days, to be ready to buy anytime.

I agree with you, there is no need to panic about this, this SegWit thingy was already an issue way back then but never happen though, this could be just a whale or something that is nonsense, all we can do right now is to wait and have faith on bitcoin, most of us don't want this splitting of bitcoin to happen because we know that the bitcoin's price would be affected by this thing.

All I can say is don't sell your bitcoin guys, just hold it no matter what, you don't need to sell it right now worrying that its price would decrease more? NO, lets stop doubting bitcoin right now.

hajimasan

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Quote from: Dr Bloggood on July 17, 2017, 12:34:20 PM

It looks like the biggest uncertainties will be resolved this Friday, July 21st. With far above 80% support for SegWit2x, August 1st should not matter anymore (as BIP 148 will not trigger).

That would mean between now and Thursday should be the best time to buy.

On the other hand, August 1st is passed around everywhere as the "day of doom." Many uninformed people out there. So maybe wait till July 31st to buy? And will there be any risks left after Segwit is activated later this week?

The key question is: How much FUD will be left in the market after Friday...?

In my opinion we should not buy/sell Bitcoin even at 25 July because there may be problem of unconfirmation and that can be results into loss of the Bitcoin if they didn't get confirmed within the 5 days ( before 1 August ) .
So you should buy more and more until 25 July atmost , but if you want pay high fee then you should try for even 30th of the July without tension .
But I don't think that price will go down much because not everyone are stupid , in the current time people are knowing perfectly about the Bitcoin and its price fluctuations that how does changing or anyone pumping .
So probably may be there many people will buy instead of sell and that will be results into increase in the price .So buy in small small installment you can , because in my opinion the price can jump to 2 times after the complete of the launching of segwit2X .

ImHash

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I have said this too many times, if you know nothing about how bitcoin works you'll never earn any profit from it, currently people only use it as an earning tool, that is why we should do the same, if by the next 6 days price doesn't drop down from $2100 then it probably won't drop after that.
It's not a lottery ticket to wait for the last minute, what if price jumped to $3000+ by then what would you do other than crying your ass off because you didn't enter while it was low?

passwordnow

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It was late, the price is pumping again. And for sure the price of bitcoin before the end of the month will be up again. This is my opinion and I have no assurance for it, we dont know whats going to happen.

chickenado

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Quote from: Karmakid on July 17, 2017, 06:08:12 PM

We couldn't really predict the price of bitcoin if it would be the best time to buy ,
But I really hope that it wouldn't fall down so deep and seems right now that it is really recovering but I think the drama is not yet over,
So I am really looking forward to what would happen next?

After this price fall happened I see it as a big opportunity for us to buy since price will rise successively behind the circumstances of some speculations which hinders the price development. Although as everybody saying it's unpredictable with regards to investors who became discouraged but later on realized the actual scenario. We must hope for next price spike and maybe we can now be at $3000 sooner.

BitMaxz

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Actually guys you are late if you buy now look at the price today its starting increase back again and looks like their realize the importance of bitcoin and what segwit will help for bitcoin.. I still seen a large red in the market but there are still buying big bitcoins that i think the price push to the high price..
So don't be wait in july 31st because other people can buy bitcoin until the price is too high.. If you buy now i think the price still consider as low price not below in $2k but i think you should buy right now because i saw there are investors are buying lots of bitcoin starting from few hours ago.. and now i saw lots of traders are buying more the largest i seen in the bitcoin market is 18 btc the other people are buying 10 btc or more..
If you will late of buying right you just lose opportunity of making more profit once the price is increase more and i think you don't need to wait in july 31st.

Karmakid

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We couldn't really predict the price of bitcoin if it would be the best time to buy ,
But I really hope that it wouldn't fall down so deep and seems right now that it is really recovering but I think the drama is not yet over,
So I am really looking forward to what would happen next?

Dr Bloggood

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Quote from: Siren on July 17, 2017, 05:16:47 PM

Quote from: Dr Bloggood on July 17, 2017, 12:34:20 PM

It looks like the biggest uncertainties will be resolved this Friday, July 21st. With far above 80% support for SegWit2x, August 1st should not matter anymore (as BIP 148 will not trigger).

That would mean between now and Thursday should be the best time to buy.

On the other hand, August 1st is passed around everywhere as the "day of doom." Many uninformed people out there. So maybe wait till July 31st to buy? And will there be any risks left after Segwit is activated later this week?

The key question is: How much FUD will be left in the market after Friday...?

It has already begun. It was earlier than expected:

The Bitcoin Scaling Countdown: Miners Begin Running Segwit2x Software

It seems July 17 has initiated the beginning steps towards Segwit2x activation as the code has been released and miners who supported the “New York Agreement” (NYA) have started running the new BTC1 software.

source: https://news.bitcoin.com/bitcoin-scaling-countdown-miners-segwit2x-software/

Wohoo. I' excited for this. Let's hope that it will all the uncertainty now.

Yup... looks like it. Ironically, it started soon after I created this thread.

I didn't know they were already starting to run SegWit today; I thought they would start Friday.

But that doesn't mean the price can't go down again before August 1st... We will see.

Siren

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Quote from: Dr Bloggood on July 17, 2017, 12:34:20 PM

It looks like the biggest uncertainties will be resolved this Friday, July 21st. With far above 80% support for SegWit2x, August 1st should not matter anymore (as BIP 148 will not trigger).

That would mean between now and Thursday should be the best time to buy.

On the other hand, August 1st is passed around everywhere as the "day of doom." Many uninformed people out there. So maybe wait till July 31st to buy? And will there be any risks left after Segwit is activated later this week?

The key question is: How much FUD will be left in the market after Friday...?

It has already begun. It was earlier than expected:

The Bitcoin Scaling Countdown: Miners Begin Running Segwit2x Software

It seems July 17 has initiated the beginning steps towards Segwit2x activation as the code has been released and miners who supported the “New York Agreement” (NYA) have started running the new BTC1 software.

source: https://news.bitcoin.com/bitcoin-scaling-countdown-miners-segwit2x-software/

Wohoo. I' excited for this. Let's hope that it will all the uncertainty now.

sweetbet

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Quote from: Dr Bloggood on July 17, 2017, 12:34:20 PM

It looks like the biggest uncertainties will be resolved this Friday, July 21st. With far above 80% support for SegWit2x, August 1st should not matter anymore (as BIP 148 will not trigger).

By the sound of it, it looks like the FUD will end very soon. *sigh*

amaral1977

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I´m more inclined to the hipothesis of Segwit successfull activation. However 80% miner support is an estimate, not a sure thing. If you want to make a good buy, and not aim to he best buy, i would buy now. If you have some money that you wouldnt put in BTC unless a crazy price appears, risk waiting and you might get lucky at 500$ BTC.

jossiel

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Quote from: tobs on July 17, 2017, 02:03:59 PM

Just keep track on the price and buy whenever it hits satisfactory low. If it hits $1500 in a few days I guess it's good enough to buy it now without waiting what will happen next. Maybe it will go even lower, but assuming after everything settles down the price could go up to $3000 and then go for 5k and so on in the following months, would anyone care now about whether you buy it at 1500 or 1700? Buy when it's relatively low, you don't have to wait necessarily to 21st or 31st or after August.

Exactly, but I guess it's quite late already to buy.

It's better to buy when the price was still at $1,800 - $1,900 and the price now is trying to recover up to $2,200.

And so if you are still thinking to buy bitcoins before July 31, then why not buy earlier as today?

ss890

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I'm currently buying btc as I'm passing through the phase of segwit2x. For me it doesn't matter, what matters me is 99% people are panicked and I'm from that 1% who is currently making smart choice of buying the btc. The hard fork is going to be soft fork and bitcoin will start regaining its price. I wouldn't wait until July because by that time the price would be more than $2300 for sure. Let's keep the patience and try out our own lucks. :-)

Bagaji

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Well, to me bitcoin market value may not decline below $1,600 if it will even decline to that level. Currently the price has move above $2000 but I believe is not too bad to buy at the current market value for even though there will be a decline by 31st July it will still increase in value to the extent that you will more than your point of entry.

YodaYoda

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Quote from: HeRetiK on July 17, 2017, 02:26:16 PM

Quote from: Dr Bloggood on July 17, 2017, 01:57:35 PM

Of course, there is a little bit of risked involved in buying now... But I think it will be okay. And if you really want to gain a lot, you can't run with the herd. You have to buy when people are shitting their pants. Which is right now...

Amen to that. I'm still not sure whether I'm extremely confident or extremely stupid, but I'm pretty sure that things will turn out better than expected - even with a hardfork looming in the near future. Yet I still wouldn't touch the markets on July 31st, mostly because I don't trust exchanges to handle potential upcoming clusterfucks properly. Regardless of that I would expect the best prices to be from today until maybe the 28th of July. I don't expect the price to go much lower than 1800 / 1700 however. If you absolutely want to enter the market try to ease yourself in.

I haven't followed the hardfork discussions, admittedly, but I have said that the community MUST solve the scaling issue. I think that miners, and other major companies that determines if a hardfork will happen, realize that.

I'm therefore saying that this weekends dip was the last one, and if we get a successful deployment of a scaling solution (segwit2x) in the next 2 weeks, then we should see a considerable rally. Not that segwit2x is the end-all, be-all solution, but it shows that the politics of bitcoin can be resolved, and further scaling needs can be meet.

As for the exchanges handling 'clusterfucks' yeah, some of them have shown remarkable incompetence, for sure. But I think it will be solved, people can have issues next few weeks in getting their coins in and out, but
it will be worked out. I hope... Wink

So, I'd say: probably a pretty good time to get in, or go long if you hold already.

Disclaimer: I hold a fair amount, and not selling for the 1st of august event.

HeRetiK

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Quote from: Dr Bloggood on July 17, 2017, 01:57:35 PM

Of course, there is a little bit of risked involved in buying now... But I think it will be okay. And if you really want to gain a lot, you can't run with the herd. You have to buy when people are shitting their pants. Which is right now...

Amen to that. I'm still not sure whether I'm extremely confident or extremely stupid, but I'm pretty sure that things will turn out better than expected - even with a hardfork looming in the near future. Yet I still wouldn't touch the markets on July 31st, mostly because I don't trust exchanges to handle potential upcoming clusterfucks properly. Regardless of that I would expect the best prices to be from today until maybe the 28th of July. I don't expect the price to go much lower than 1800 / 1700 however. If you absolutely want to enter the market try to ease yourself in.

OmegaStarScream

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There will be no risks when you know for sure that there will be no chain split and this what people was afraid of. As you can see, the price started increasing once again since Bitmain announced that their pools will start SegWit2x today, all we can do now is check Coin.dance from time to time and hope for the best. It could be a good idea to hold some money on exchanges and check the news in the next a few days, to be ready to buy anytime.

Dr Bloggood

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Quote from: tobs on July 17, 2017, 02:03:59 PM

Just keep track on the price and buy whenever it hits satisfactory low. If it hits $1500 in a few days I guess it's good enough to buy it now without waiting what will happen next. Maybe it will go even lower, but assuming after everything settles down the price could go up to $3000 and then go for 5k and so on in the following months, would anyone care now about whether you buy it at 1500 or 1700? Buy when it's relatively low, you don't have to wait necessarily to 21st or 31st or after August.

I like your comment.

Yes, $1,500 will definitely be good enough for me to invest 80% of what I want to invest. No doubt about that.

But... who knows if it will ever reach $1,500? It doesn't look like it at the moment. We have seen some really, really strong support around $2,000.

tobs

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Just keep track on the price and buy whenever it hits satisfactory low. If it hits $1500 in a few days I guess it's good enough to buy it now without waiting what will happen next. Maybe it will go even lower, but assuming after everything settles down the price could go up to $3000 and then go for 5k and so on in the following months, would anyone care now about whether you buy it at 1500 or 1700? Buy when it's relatively low, you don't have to wait necessarily to 21st or 31st or after August.

dreamsorcerer

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I am scared to buy now bitcoin, because the market seems not stable at all Sad

. It's a risk buy now also with the fear of an hard fork.
I hope to understand better what are and what can be the future scenario about my favorite form of payment Tongue

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