Topic: POLL: What to do with 5000 USD today, one day before August 1st ?! (Read 793 times)
Im not sure what will end up actually making more money in the long run, holding BCC or buying alts now while many people exited for BCC. I usually say go against the grain and buy some smaller less liquid altcoins that people will pay to get back in after august first. Depending what you buy, that would probably be your best bet short term. BCC is going to drop a lot the first days. If you plan to hold it for a long period of time it might go up.
July 29, 2017, 07:56:07 AM
Please vote 
I think it won't be any best idea for this problem, every answer for this only be showed after the 1st August but if I had to choose, I will buy ETH to cover my balance because I think BTC price will go down after the 1st August.What makes you think the price will fall after the 1st of August?
July 29, 2017, 07:39:18 AM
nothing special,i will just hold them.
July 29, 2017, 07:24:38 AM
Please vote
I think it won't be any best idea for this problem, every answer for this only be showed after the 1st August but if I had to choose, I will buy ETH to cover my balance because I think BTC price will go down after the 1st August. 
July 29, 2017, 07:18:32 AM
I would be going with 2nd option as i see that their will be the price drop after August 1st and that time is the best time to buy in the dip, considering BCC free coins that we can buy in the exchanges which are accepting for trading.
July 29, 2017, 07:14:02 AM
You might want to go against Bitcoin with half of it in Ethereum, but the other half in BTC to reason out the risk you know?
July 29, 2017, 07:10:49 AM
Looks situation is very unclear even for the experts.
July 29, 2017, 06:55:09 AM
The problem here is, you want to buy in the dip, but imho this month anything can happen.
If miners all of a sudden pull out of BIP141, BTCs price will fall hard. We all know that miners are unreliable.
And free BCC? We all know that BCC will flashcrash once it's ready for use. You'll probably get a few bucks out of it and thats it. Is it worth all the hassle?
+/-2700$ for 1 BCC at the moment. Buying 2BTC will give you 2 BCC aswell. Those BCC's will be worth 2$ after 1 August probably, and you still risk that miners can pull out of BIP141.
If miners all of a sudden pull out of BIP141, BTCs price will fall hard. We all know that miners are unreliable.
And free BCC? We all know that BCC will flashcrash once it's ready for use. You'll probably get a few bucks out of it and thats it. Is it worth all the hassle?
+/-2700$ for 1 BCC at the moment. Buying 2BTC will give you 2 BCC aswell. Those BCC's will be worth 2$ after 1 August probably, and you still risk that miners can pull out of BIP141.
July 29, 2017, 06:19:26 AM
My advice is not to do anything. Now this situation is that any of your actions can turn against you. If nothing is done then there will be no consequences. If you need to buy something, you still have time. Bitcoin now on top and you can buy the desired product.
July 29, 2017, 06:12:39 AM
Buy Bitcoin of course, you'll be getting free money on August 1st.
Most altcoins are dropping due to people temporarily switching to BTC so that they get BCC.
Most altcoins are dropping due to people temporarily switching to BTC so that they get BCC.
July 29, 2017, 06:10:48 AM
when in doubt buy bitcoin 
it is the best investment long term. you first should learn the risks, then learn the security (like how to use a proper cold storage for wallet). and then invest what you can afford to lose.
getting involved with altcoins needs more of a trader personality than just invest and forget for long term kind of people. altcoins in long term will disappoint you.
it is the best investment long term. you first should learn the risks, then learn the security (like how to use a proper cold storage for wallet). and then invest what you can afford to lose.
getting involved with altcoins needs more of a trader personality than just invest and forget for long term kind of people. altcoins in long term will disappoint you.
July 29, 2017, 06:07:50 AM
I'm waiting for the price to drop a bit more, then i'll buy extra.
July 29, 2017, 06:07:20 AM
Investing some money especially in new hyped altcoins might be often a great chance to make some profit.
But I personally would advise you to invest in Bitcoin. Even if the price would drop - it would rise later on again as bitcoin is becoming even more popular every day.
Perhaps you could split the money.
e.g. 50% investing in Bitcoin, 25% investing in some altcoin and keep the other 25% as fiat for investing after a potential drop of the bitcoin price.
But I personally would advise you to invest in Bitcoin. Even if the price would drop - it would rise later on again as bitcoin is becoming even more popular every day.
Perhaps you could split the money.
e.g. 50% investing in Bitcoin, 25% investing in some altcoin and keep the other 25% as fiat for investing after a potential drop of the bitcoin price.
Splitting is what I would go for as well, the smartest option IMO.
July 29, 2017, 06:00:05 AM
Invest in bitcoin, by far the safest option. The long term exponiental trend is always upwards. It's a no brainer, buy now.
July 29, 2017, 05:52:14 AM
Buy buy buy!
July 29, 2017, 05:07:52 AM
I would go for no 1 to be honest which is your safest bet, then you can go alt shopping. I can't upload any BTC to any exchanges now till after the fork issue resolves so just got BTC sitting but I believe even if there is a short dip in BTC price when everyone goes alt shopping after the fork, BTC will go up as there will be another alt sell off for those who want to take quick profits. The exchanges have proliferated with day traders, I prefer to just sit back and ride the waves for long term dues and appreciation. 
I also think that keeping BTC in this situation is the most reasonable. Many times the BTC has dropped and rises. In this situation will be similar.
, special altcoin potential in past time I missed buying. I also think keeping BTC in current is important, but I like altcoin than Bitcoin, so buying when cheap price is my choice 
July 29, 2017, 04:51:25 AM
Buying Bitcoin is always the best option long term wise.
July 29, 2017, 04:43:46 AM
I want to gamble like buying some altcoin which is more promising but not with complete BTC. Because if we kept holding Bitcoin we can only take 5000$ when Bitcoin price increases. Some times we may double our Bitcoin by buying the Altcoin, in this way we can make more money.
July 29, 2017, 04:38:59 AM
Thanks for the reply guys!
July 29, 2017, 01:50:38 AM
I would go for no 1 to be honest which is your safest bet, then you can go alt shopping. I can't upload any BTC to any exchanges now till after the fork issue resolves so just got BTC sitting but I believe even if there is a short dip in BTC price when everyone goes alt shopping after the fork, BTC will go up as there will be another alt sell off for those who want to take quick profits. The exchanges have proliferated with day traders, I prefer to just sit back and ride the waves for long term dues and appreciation.
I also think that keeping BTC in this situation is the most reasonable. Many times the BTC has dropped and rises. In this situation will be similar.
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