Cash-out or buy Alts before August 1? - page 2.

Vishnu.Reang

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Quote from: Quietman on July 23, 2017, 08:02:11 AM

I just converted my bitcoins into our currency. Hoping for discounted days for bitcoin. I would be willing to buy bitcoins and hold it until it recovered its price.

I don't know... But you may regret your decision later. The BIP 141 may get locked in before August 1, and therefore a possibility of the split may be averted. In that case the exchange rates may go up suddenly without any warning. You may not get enough time to buy them back.

stingers

legendary

Activity: 1184

Merit: 1013

I hope all the replies above made clear to you that there is nothing worth panicking anymore
Blocks will follow segwit, everything's same.
Think with a neutral mindset now. Selling BTCs for alts right now is same as doing it any other time. Your call.
I've got all my money in bitcoins right now and don't plan to shift to any altcoins any soon because i believe bitcoin's price gonna rise in very near future.

Victorycoin

hero member

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Quote from: skorupi17 on July 21, 2017, 10:35:31 PM

Quote from: Lyancy001 on July 21, 2017, 07:53:05 PM

What the best choice?

The "Bitcoin is going to split" drama thing has been ended recently. Bitcoin Improvement Proposal 91 (BIP91) locked-in recently and the possibility of Bitcoin chain split is slowly being erased on the minds of the community. Thus, nothing is to be worried about as of now and you can keep your bitcoins safely in your wallet.

Do we take it you're now the spokesperson of the core/developers to have reached such a decision? With your BIP91 maneuvering to outsmart the proponents of UASF, check again to confirm you're about to bid Bitcoin goodbye and you are about to end up with an altcoin, Bitcoin stays with the Cores.

For the ones that're hard to understand, Segwit and Segwit2x represents two entirely different things!

Quietman

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I just converted my bitcoins into our currency. Hoping for discounted days for bitcoin. I would be willing to buy bitcoins and hold it until it recovered its price.

Blamsud

sr. member

Activity: 503

Merit: 250

Quote from: ultramode on July 23, 2017, 07:28:01 AM

I cashed out at 2850 price. I am waiting for a fall.. Grin

Yep! The next fall on price will be on fall season after the locked down of BIP 91 expires and bitcoin split issue will be reopen again. That is the only way for bitcoin investors to panic again even though it is not worth it to panic.

grermezter

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Activity: 434

Merit: 250

Quote from: Lyancy001 on July 21, 2017, 07:53:05 PM

What the best choice?

I just read a thread by the main forum administrator where he gave some points on what and what not to do before the day finally comes, The most important thing he said was dont have bitcoins in third party bank where you are not able to export the private keys for your BTC. If thats the case then your BTC will definitely be at risk, there is no need to cash out, ensure that you can export your bitcoins so that in the case of a possible split, you can recover your bitcoins.

Raven91

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Activity: 518

Merit: 250

Quote from: Lyancy001 on July 21, 2017, 07:53:05 PM

What the best choice?

There is no need to worry there is no more split that will happened the segwit is already successful so i guess holding is one of the best thing today also maybe the bitcoin market value will continue to increase up to the upcoming august 1 so i guess better for us to just hold the bitcoin because it will be a good profit.

ultramode

newbie

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I cashed out at 2850 price. I am waiting for a fall.. Grin

btvGainer

legendary

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Quote from: Lyancy001 on July 21, 2017, 07:53:05 PM

What the best choice?

I think cashing out would be a blunder as you might not be able to buy any soon if there's no big split and price go up.
I have converted half of my btc to some good Alts (like ETH,XMR,LTC,ICN etc) and keeping half in btc.
If btc goes down,I will wait and hold till market recovers but if btc goes up (higher chances) than I will convert all my Alts to btc

bitcub

sr. member

Activity: 952

Merit: 250

Cashout is also a good choice. But for me, I just bought USDT at 2800usd, I also have some USDT bought at 2700 and 2600. Lets see how long Bitcoin will dump before August 1, I am sure lots of people will sell panic. I am going to buy on August 2 Wink

Coffee135

full member

Activity: 392

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People do not understand that the more they panic the more money they lose. I did not try to persuade will. I keep calm and know that the price will return to the scene and will continue to grow.

tomotan

hero member

Activity: 617

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I do not understand this whole panic..keep calm people

basesaw

sr. member

Activity: 406

Merit: 250

It is now officially locked in. The BIP91 was about to be activated. all alts now are mooning so for me it is better to invest now to gain some on this drama. this will be the beginning of mooning of bitcoin. some says that it could hit $4000 usd and so. so Just buy and hold guys.

hatshepsut93

legendary

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Alts will not preserve your USD value in case of Bitcoin's crash, they will tank with it. Why? Because alts are traded against BTC, very few alts like ETH or XRP are traded against USD, and even then their BTC volumes are overwhelmingly higher than USD volumes. So, BTC price drags alts price, and you can esily check it on coinmarketcap by switching between BTC and USD prices. Of course there are diviations caused by alts change of value due to news and speculation, but in general this pattern is very strong.

JimmieA

sr. member

Activity: 396

Merit: 250

In the current situation and based on some information, I think in the future btc prices will increase. And of course, what we need to do is keep btc and do not switch to altcoins. Because btc may attract a large amount of investment in the coming time and this will cause the price of the altcoins to decrease. And if you keep altcoins, you will lose some money.Surely, that is not fun at all.

flippener

full member

Activity: 322

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IMHO, simple answer:

Hodl.
To be safest, move into offline storage before 1st August.

kryptqnick

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Join the world-leading crypto sportsbook NOW!

Quote from: freedomno1 on July 23, 2017, 03:01:30 AM

It depends on if you trust the miners in the long run now as we have passed the BIP 91 point
Now there is almost no turning back but we aren't settled yet.
https://bitcoinmagazine.com/articles/bip-91-has-activated-heres-what-means-and-what-it-does-not/

If we talk about bitcoin then definitely, but the author of this thread is asking about altcoins. As for them, I believe there is no way in which btc segwit stuff can effect them. Alts are built of different platforms and the popular ones have definitely no connection with bitcoin. People can start selling just as they can start buying them whatever happens t bitcoin. Thus I think that the choice whether to buy or sell alts till the 1 of August should have nothing to do with bitcoin.

Blitzboy

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Leading Crypto Sports Betting & Casino Platform

Converting your bitcoin and alts into tether is the best way because it will make everything more flexible and easier for you to buy back bitcoin and alts anytime you like. If you cashout all of your money, it will take a longer time for you to buy bitcoin and start trading again. Try to exchange them on bittrex or poloniex. Bittrex do give you fully control on both bitcoin and bitcoin cash in case that the blockchain split into 2

Seanzqt

sr. member

Activity: 267

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Bitcoin seems to be struggling at the moment, lets watch Grin

lighpulsar07

sr. member

Activity: 518

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No. There is nothing to worry now BIP 91 is activated now the possible chain split is now been avoided so, you do whatever you want in bitcoin. For now you should check coin.dance/blocks to see what's going on in the proposal.

Quote from: 25hashcoin on July 22, 2017, 11:12:25 PM

Hold bitcoin in a wallet where you control the private keys so you can get your BitcoinCash: http://www.bitcoincash.org

I have a question, what wallet should i use except bitcoin core should i use? my bitcoins are in exchange at the moment

Topic: Cash-out or buy Alts before August 1? - page 2. (Read 3962 times)