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Topic: Sell Bitcoin ahead of 1st Aug Hard Fork - page 3. (Read 5550 times)

hero member
Activity: 840
Merit: 502
Btw I'm more convinced than ever that there won't be a split and the market appears to agree as the BTC price is moving upwards. I think you've made a foolish mistake but each to their own.
I agree, I think bitcoin is headed for a price spike after we get segwit finally activated so the best thing to do now is to hold your bitcoins, yes, there is going to be instability but nothing that we have not seen before and after that bitcoin will go up once again.
hero member
Activity: 2184
Merit: 891
Leading Crypto Sports Betting and Casino Platform
Hi everyone,

I have recently sold a large part of my BTC  portfolio as I was spooked by a various sources telling me that BTC was heading for plummeting prices  following 1st Aug and hard fork.  They have also said that  July will be incredibly unstable in terms of price as we approach the deadline.  I a now sitting on cash and waiting for the best time t go back into BTC

Given that the price of BTC has risen every day this week and feeling that I sold unnecessarily and am considering buying back in.  can you feedback to me.

1) Is the 1st Aug really going to be that bad and should we expect volatility in July as we approach the date?
2)  Would you buy back in now or wait sitting on cash for a better price entry point in the coming weeks?

Thanks all

Matt

I think you're did something base on what you've just read or heard. Im sorry to say but you dont have  your own decision in everything that you did. You do as what they told.  Grin

Well if I were you I just hold my btc and see what will happen in the market and I'll buy back my btc. And you have few months left brother, its not yet late.
legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
Hi everyone,

I have recently sold a large part of my BTC  portfolio as I was spooked by a various sources telling me that BTC was heading for plummeting prices  following 1st Aug and hard fork.  They have also said that  July will be incredibly unstable in terms of price as we approach the deadline.  I a now sitting on cash and waiting for the best time t go back into BTC

Given that the price of BTC has risen every day this week and feeling that I sold unnecessarily and am considering buying back in.  can you feedback to me.

1) Is the 1st Aug really going to be that bad and should we expect volatility in July as we approach the date?
2)  Would you buy back in now or wait sitting on cash for a better price entry point in the coming weeks?

Thanks all

Matt
When will people learn? It is extremely difficult and rare to short the cryptosphere and anyone that does deserves to lose their skin in the game. BTC is a nascent technology and will benefit all longterm hodlers. Besides even if their is a spilt by hodling BTC you'll get the spilt tokens too and whatever value they may reach. Think ETH and ETC. in summary I think you were very very foolish.

If it were me I'd buy them all back again asap
Even if the price dips temporarily in August it will recover rapidly
I think if scaling goes well it could jump to 5k overnight so don't want to get caught out and only able to rebuy half your stack
hero member
Activity: 2520
Merit: 783

To think that you confidently sold a large percentage of your Bitcoin because of some rumors and now that you observed the slow recovery of Bitcoin, you are asking for a feedback or advise if you should buy back. Act firm on your decision and decide based from yourself and not of others.

The August 1 thing is still uncertain and no one really knows if it will be good or bad. Volatility is there every minute.

Yes its true. It would hurt but this is the reality tho.
Many anticipated August 01 and many of us that our hope is too high. Lets wait for that day, hope that will bring us to a better chain.
legendary
Activity: 1232
Merit: 1091
BTC surging upwards. All alts falling. The market likes the SegWit news.

It's just a minor step back that altcoins experience right now, which might be because the news still needs to kick in properly. As soon as that is the case, and SegWit2X is on the edge of activation, the entire altcoin market will turn into one giant blood bath. People will realize that the position they have taken in altcoins to hedge Bitcoin, will soon turn out to be the wrong decision....
sr. member
Activity: 364
Merit: 250
Hi everyone,

I have recently sold a large part of my BTC  portfolio as I was spooked by a various sources telling me that BTC was heading for plummeting prices  following 1st Aug and hard fork.  They have also said that  July will be incredibly unstable in terms of price as we approach the deadline.  I a now sitting on cash and waiting for the best time t go back into BTC

Given that the price of BTC has risen every day this week and feeling that I sold unnecessarily and am considering buying back in.  can you feedback to me.

1) Is the 1st Aug really going to be that bad and should we expect volatility in July as we approach the date?
2)  Would you buy back in now or wait sitting on cash for a better price entry point in the coming weeks?

Thanks all

Matt

To think that you confidently sold a large percentage of your Bitcoin because of some rumors and now that you observed the slow recovery of Bitcoin, you are asking for a feedback or advise if you should buy back. Act firm on your decision and decide based from yourself and not of others.

The August 1 thing is still uncertain and no one really knows if it will be good or bad. Volatility is there every minute.
hero member
Activity: 1148
Merit: 504
People will not stop spreading FUD for various of reasons. I think your sources are just spreading FUD. If you are in profit when you sold your bitcoin, then I guess it is alright. It is the FUD like this that will cause more damage to bitcoin than the actual uasf on Aug 1st. And even if a chain split happens on that day, I am confident the price will not drop that much.
hero member
Activity: 924
Merit: 506
Never sell a satoshi, if you want to sell for profit that's fine IMO but if you are about to sell because of a possible hard fork fearing bitcoin losing value then you'll regret it just like many people already dumped for altcoins or for fiat, if they wanted to destroy bitcoin by hostile take over then don't you think they would've done it long ago? it's not like they don't have the required hash power to do so, at any moment they could fork and split the chain but now they are saying this to see who will dump so they can collect.
sr. member
Activity: 490
Merit: 256
Hi everyone,

I have recently sold a large part of my BTC  portfolio as I was spooked by a various sources telling me that BTC was heading for plummeting prices  following 1st Aug and hard fork.  They have also said that  July will be incredibly unstable in terms of price as we approach the deadline.  I a now sitting on cash and waiting for the best time t go back into BTC

Given that the price of BTC has risen every day this week and feeling that I sold unnecessarily and am considering buying back in.  can you feedback to me.

1) Is the 1st Aug really going to be that bad and should we expect volatility in July as we approach the date?
2)  Would you buy back in now or wait sitting on cash for a better price entry point in the coming weeks?

Thanks all

Matt

Well we would appreciate if you placed your various sources together with your OP.

1. No one really knows what will be the impact of August first to Bitcoin. No one can guarantee if it will become good or bad. We always experience volatility. Nothing is a surprise there even on July, on August or after that.

2. I never never sold my Bitcoin because of these reasons so no.
hero member
Activity: 617
Merit: 509
Crypto Card - https://platinum.crypto.com/r/28cz7d
What about all the ICO owners cashing out ETH to BTC to FIAT?
sr. member
Activity: 1624
Merit: 267
We dont know what happen in the bitcoin price after august 1 . But I hope the price will be okay and the price will increase on that day.  Dont be panic . I suggest to buy more bitcoin because the price is continue increasing and for sure you will earn a lot of profit after that. But it depends to you if you want to buy or not but I will remind you invest only you can afford to lose. Goodluck I hope august 1 will not a bad news.
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
BTC surging upwards. All alts falling. The market likes the SegWit news.
hero member
Activity: 910
Merit: 523
Hi everyone,

I have recently sold a large part of my BTC  portfolio as I was spooked by a various sources telling me that BTC was heading for plummeting prices  following 1st Aug and hard fork.  They have also said that  July will be incredibly unstable in terms of price as we approach the deadline.  I a now sitting on cash and waiting for the best time t go back into BTC

Given that the price of BTC has risen every day this week and feeling that I sold unnecessarily and am considering buying back in.  can you feedback to me.

1) Is the 1st Aug really going to be that bad and should we expect volatility in July as we approach the date?
2)  Would you buy back in now or wait sitting on cash for a better price entry point in the coming weeks?

Thanks all

Matt

Well, good move as precaution act if I may say to have cash in order to buy back after that time. But, how if bitcoin price increase at that time (in July)?
If I don't misunderstand, hard fork and bitcoin split into two different coins then people who holding bitcoin should get those two coins as well, as long as you don't store it on an exchange. I don't really mind to hold my bitcoin on wallet instead of convert it into cash, fiat money always worth slightly less (due to inflation) and bitcoin vice versa.
legendary
Activity: 2170
Merit: 1427
To be honest even if there will be a hard fork there is still no reason to sell BTC
In reality there indeed isn't an urgent need to cash out any of your coins in such situation, but people here just love to speculate. Some will use altcoins to hedge Bitcoin in the hope that if Bitcoin is going to tank real hard, that these altcoins will function as temporary safe haven. And others just see it as a great opportunity to increase the number of coins that they have by selling at current levels, and buying back lower afterwards. It's a massive risk that they expose themselves to, because 1) there is absolutely no guarantee that Bitcoin will fork unsuccessfully, and 2) there is also no guarantee that altcoins won't get taken down as well. Reality is that the chances for an unsuccessful hard fork to happen has gone down even more now Segwit2x is close to activating.
sr. member
Activity: 546
Merit: 257
Thanks all

The price is now pretty much what I sold at a few weeks ago - do you think I should buy all back in that case?

I think that is great that you have reassured your profit. If you want to invest your money to bitcoin again, I think you need to wait after the fork or network splitting. There is a huge possibility that the price of bitcoin will dump back to $1000. But after that it is obvious that it will pump back to $2000 and may break the $3000 price wall. Wait for a good price to buy bitcoin again.
sr. member
Activity: 972
Merit: 255
Bear season or just the beginning
I think whether bitcoin will split or not, those who are bitcoin holders should still hold on to their btc's instead of selling them. I'm not at least worried about the split for I will HODL for as long as it takes.
hero member
Activity: 1666
Merit: 753
Hi everyone,

I have recently sold a large part of my BTC  portfolio as I was spooked by a various sources telling me that BTC was heading for plummeting prices  following 1st Aug and hard fork.  They have also said that  July will be incredibly unstable in terms of price as we approach the deadline.  I a now sitting on cash and waiting for the best time t go back into BTC

Given that the price of BTC has risen every day this week and feeling that I sold unnecessarily and am considering buying back in.  can you feedback to me.

1) Is the 1st Aug really going to be that bad and should we expect volatility in July as we approach the date?
2)  Would you buy back in now or wait sitting on cash for a better price entry point in the coming weeks?

Thanks all

Matt

1) You shouldn't worry too much about it, as long as you hold your bitcoins on an exchange where they will credit you with both BCC(bitcoin core tokens) and BTU( bitcoin unlimited tokens) then you'll be covered. Otherwise, just hold your own bitcoin private keys(which is probably the most secure option as well) and you'll be credited both tokens as well.

Will price crash? I don't know, personally i think it will probably adjust after the UASF. But how much it adjustts and whether it's up or down, nobody really knows.

2) I would sit on my cash for now.
sr. member
Activity: 443
Merit: 260
Hi everyone,

I have recently sold a large part of my BTC  portfolio as I was spooked by a various sources telling me that BTC was heading for plummeting prices  following 1st Aug and hard fork.  They have also said that  July will be incredibly unstable in terms of price as we approach the deadline.  I a now sitting on cash and waiting for the best time t go back into BTC

Given that the price of BTC has risen every day this week and feeling that I sold unnecessarily and am considering buying back in.  can you feedback to me.

1) Is the 1st Aug really going to be that bad and should we expect volatility in July as we approach the date?
2)  Would you buy back in now or wait sitting on cash for a better price entry point in the coming weeks?

Thanks all

Matt

I would say you got fooled!
If you would follow closely what is going on at the moment in the space you would know the chance to go up the next few weeks, especially August 1st is much higher than going down!
Segregated Witness will get activated until August 1st. Miners can nothing do against that. And with SegWit many more important implementations, especially for scaling will be possible.
So the fundamentals are looking pretty good, no matter what kind of FUD some may spread. And you fall for it.
Sorry to say this but I'm pretty sure you've made the wrong decision!

EDIT: And if a split later should happen due to the HF some are trying to do, there is a chance that both chains could survive. In that case you would twice as much coins. Another reason imo why people will buy more coins instead of selling them.

Actually it looks like that Miners will activate Segwit before August 1st themselves Wink
legendary
Activity: 1442
Merit: 1016
Hi everyone,

I have recently sold a large part of my BTC  portfolio as I was spooked by a various sources telling me that BTC was heading for plummeting prices  following 1st Aug and hard fork.  They have also said that  July will be incredibly unstable in terms of price as we approach the deadline.  I a now sitting on cash and waiting for the best time t go back into BTC

Given that the price of BTC has risen every day this week and feeling that I sold unnecessarily and am considering buying back in.  can you feedback to me.

1) Is the 1st Aug really going to be that bad and should we expect volatility in July as we approach the date?
2)  Would you buy back in now or wait sitting on cash for a better price entry point in the coming weeks?

Thanks all

Matt

I would say you got fooled!
If you would follow closely what is going on at the moment in the space you would know the chance to go up the next few weeks, especially August 1st is much higher than going down!
Segregated Witness will get activated until August 1st. Miners can nothing do against that. And with SegWit many more important implementations, especially for scaling will be possible.
So the fundamentals are looking pretty good, no matter what kind of FUD some may spread. And you fall for it.
Sorry to say this but I'm pretty sure you've made the wrong decision!

EDIT: And if a split later should happen due to the HF some are trying to do, there is a chance that both chains could survive. In that case you would twice as much coins. Another reason imo why people will buy more coins instead of selling them.
legendary
Activity: 2898
Merit: 1823
Hi everyone,

I have recently sold a large part of my BTC  portfolio as I was spooked by a various sources telling me that BTC was heading for plummeting prices  following 1st Aug and hard fork.  They have also said that  July will be incredibly unstable in terms of price as we approach the deadline.  I a now sitting on cash and waiting for the best time t go back into BTC

Given that the price of BTC has risen every day this week and feeling that I sold unnecessarily and am considering buying back in.  can you feedback to me.

1) Is the 1st Aug really going to be that bad and should we expect volatility in July as we approach the date?
2)  Would you buy back in now or wait sitting on cash for a better price entry point in the coming weeks?

Thanks all

Matt

Quite the opposite. Many people are acquiring extra in anticipation of a coin split. You would then have coins on two networks!

This. But the problem now would be which "Bitcoin" to dump on August 1? Are you for the legacy chain or for the BIP 148 chain? Your ideals do not matter here, making the right decision is.

I will hold on both for a while to be safe.
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