Topic: Sell Bitcoin ahead of 1st Aug Hard Fork - page 4. (Read 5517 times)
Mark my words. Nothing is going to happen on August 1, if SegWit reaches 80% consensus. Most of those who were prone to selling have already done that. There will be no massive sell-off before August 1, and on the other hand, there will be a sharp spike in the exchange rates. IMO, this is the last opportunity to purchase BTC at sub-3,000 levels.
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 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
Your question is really good. I personally think that the potential activation of segwit is going to benefit the bitcoin network, although the aspect of a hard fork on that day or soon after that date is pretty daunting to most bitcoin users as well.
To answer your questions:
1. I don't think it'll be that bad. Even if a hard fork happens if you hold your own private keys you are going to get coins on both chains that have forked(bitcoin core and bitcoin unlimited), so therefore, bitcoin value is probably going to stay the same when you add the two together. Still though, it could bring some negative news to bitcoin as there is no consensus anymore of which bitcoin is which, as the battle is pretty close when looking at miners but not so close when looking at nodes.
2. I'll sell 70%, and hold 30%. Right now bitcoin is retesting 3000 which means that if you dont' hold at least some you might lose out on some profits.
Quite the opposite. Many people are acquiring extra in anticipation of a coin split. You would then have coins on two networks!
This doesn't look like a good idea because: If we end up spliting the chain in two, the price will probably go down a lot on both chains. And it's also possible for people to lose its coins if they sell on one chain and buy in the one with lower amount of hash rate.Most people are actually trading for altcoins to avoid any conflict in this period.
It's also possible that we won't need to do a hard fork in August 1st because miners are starting to work to activate Segwit2x before the this date. Maybe the chain won't need to split after all...
Also I'm not sure why you sold before 1st July or at least waited until after that date. 
If you're not aware it is the date that Austrialia follows Japan in legalising BTC and removeing all Bitcoin taxes.
If you're not aware it is the date that Austrialia follows Japan in legalising BTC and removeing all Bitcoin taxes.
This seems perfect, honestly, I didn't know that Australia is going to accept bitcoin as a legal currency and removing the taxes on bitcoin.
If this happens then I think that the price will get increased a bit but the split that OP is talking about I don;t think will happen otherwise there will be a mess on all cryptocurrencies.
Well we all know exactly what happened to the price with Japan...
https://cointelegraph.com/news/bitcoin-to-become-just-like-money-in-australia-july-1
Bitcoin To Become ‘Just Like Money’ In Australia July 1
Australia has officially confirmed it will treat Bitcoin “just like money” from this year and it will no longer be subject to double taxation.
In its budget summary for 2017-18, the government states that as part of its plan to “make it easier” for digital currency businesses to operate in the country.
Completely understandable and I'm thinking which country is the next after Australia that is accepting the bitcoin as a legal currency.
This trend should continue and hopefully I believe that some other big and rich countries will start considering to accept bitcoin like the Australia will do.
I am not really spooked with the idea of fork,if there is a split in the network then i will have twice the coins in all the networks and even if they die off i do not mind but the main chain of bitcoin will always last and the journey of bitcoin continues,so i am not worried about the challenges it is going to face,waiting to see the best solution and eagerly waiting to see what the future holds for bitcoin.
So do I, bitcoin will still continue and the main one will always be preferred by most of us. That's why whatever happens on that day, I know that there is something good to happen. And we will even finally bitcoin get's up to $4k or even higher.
To be honest even if there will be a hard fork there is still no reason to sell BTC is going up steady and as others said with more countries accepting
it as legal currency it should get more ups just want to say it is like a roll and it started with one country accepting and should get them all to accept
now or later which will give BTC more value . Always holds your BTC unless you are in need for fiat that should be the rule
it as legal currency it should get more ups just want to say it is like a roll and it started with one country accepting and should get them all to accept
now or later which will give BTC more value . Always holds your BTC unless you are in need for fiat that should be the rule
I am not really spooked with the idea of fork,if there is a split in the network then i will have twice the coins in all the networks and even if they die off i do not mind but the main chain of bitcoin will always last and the journey of bitcoin continues,so i am not worried about the challenges it is going to face,waiting to see the best solution and eagerly waiting to see what the future holds for bitcoin.
Also I'm not sure why you sold before 1st July or at least waited until after that date.
If you're not aware it is the date that Austrialia follows Japan in legalising BTC and removeing all Bitcoin taxes.
quite interesting mate, when this two countries already step up for this currency well i guess selling what you are holding is not a good idea, even there's speculation regarding to this split up i think japan and australia already anticipated that possibilities and they will continue supporting this currency if there's a little downfall for sure support will show up back.If you're not aware it is the date that Austrialia follows Japan in legalising BTC and removeing all Bitcoin taxes.
The state of bitcoin these days was fine that i think its a normal growth if bitcoin will be hard fork in 1st of august it does it mean that you should sell your bitcoins you are just wasting and losing opportunity to make more profit..
The other people just saying that they are not thinking deeply or they are doing their job just to encourage other people to sell abd decrease the price of bitcoin because they want to buy bitcoin or other reason just to push other bitcoin user to go in altcoin.
So be smart guys bitcoin are just moving in a good path that i think better choices..
unlike other altcoin are selling something or start a new ICO just to push other people to invest in ethereum to use it as token.. unlike bitcoin that have natural movement of the price..
Also I'm not sure why you sold before 1st July or at least waited until after that date.
If you're not aware it is the date that Austrialia follows Japan in legalising BTC and removeing all Bitcoin taxes.
quite interesting mate, when this two countries already step up for this currency well i guess selling what you are holding is not a good idea, even there's speculation regarding to this split up i think japan and australia already anticipated that possibilities and they will continue supporting this currency if there's a little downfall for sure support will show up back.If you're not aware it is the date that Austrialia follows Japan in legalising BTC and removeing all Bitcoin taxes.
Also I'm not sure why you sold before 1st July or at least waited until after that date.
If you're not aware it is the date that Austrialia follows Japan in legalising BTC and removeing all Bitcoin taxes.
quite interesting mate, when this two countries already step up for this currency well i guess selling what you are holding is not a good idea, even there's speculation regarding to this split up i think japan and australia already anticipated that possibilities and they will continue supporting this currency if there's a little downfall for sure support will show up back. If you're not aware it is the date that Austrialia follows Japan in legalising BTC and removeing all Bitcoin taxes.
Also I'm not sure why you sold before 1st July or at least waited until after that date.
If you're not aware it is the date that Austrialia follows Japan in legalising BTC and removeing all Bitcoin taxes.
If you're not aware it is the date that Austrialia follows Japan in legalising BTC and removeing all Bitcoin taxes.
This seems perfect, honestly, I didn't know that Australia is going to accept bitcoin as a legal currency and removing the taxes on bitcoin.
If this happens then I think that the price will get increased a bit but the split that OP is talking about I don;t think will happen otherwise there will be a mess on all cryptocurrencies.
Well we all know exactly what happened to the price with Japan...
https://cointelegraph.com/news/bitcoin-to-become-just-like-money-in-australia-july-1
Bitcoin To Become ‘Just Like Money’ In Australia July 1
Australia has officially confirmed it will treat Bitcoin “just like money” from this year and it will no longer be subject to double taxation.
In its budget summary for 2017-18, the government states that as part of its plan to “make it easier” for digital currency businesses to operate in the country.
1) Is the 1st Aug really going to be that bad and should we expect volatility in July as we approach the date?
The price will be get dumped so hard. Avoid holding btc and try to hold another coin. The bitcoin will migrate or save his decimal to the fiat. 2) Would you buy back in now or wait sitting on cash for a better price entry point in the coming weeks?
I will try another chance in altcoin. I think the fork of bitcoin will give me the more opportunity to get a decent profit on there. More people will try to cash out.
Also I'm not sure why you sold before 1st July or at least waited until after that date.
If you're not aware it is the date that Austrialia follows Japan in legalising BTC and removeing all Bitcoin taxes.
If you're not aware it is the date that Austrialia follows Japan in legalising BTC and removeing all Bitcoin taxes.
This seems perfect, honestly, I didn't know that Australia is going to accept bitcoin as a legal currency and removing the taxes on bitcoin.
If this happens then I think that the price will get increased a bit but the split that OP is talking about I don;t think will happen otherwise there will be a mess on all cryptocurrencies.
1) Is the 1st Aug really going to be that bad and should we expect volatility in July as we approach the date?
The price will be get dumped so hard. Avoid holding btc and try to hold another coin. The bitcoin will migrate or save his decimal to the fiat. 2) Would you buy back in now or wait sitting on cash for a better price entry point in the coming weeks?
I will try another chance in altcoin. I think the fork of bitcoin will give me the more opportunity to get a decent profit on there. More people will try to cash out.
Also I'm not sure why you sold before 1st July or at least waited until after that date.
If you're not aware it is the date that Austrialia follows Japan in legalising BTC and removeing all Bitcoin taxes.
If you're not aware it is the date that Austrialia follows Japan in legalising BTC and removeing all Bitcoin taxes.
There won't be a split. There's a chance the price will go fucking ballistic. An actual increase in capacity has been waited for by mountains of people for years on end.
And there are no worthwhile BTC sources so I've no idea why you'd listen to them.
Yup look what happened to LTC after SegWit. And if/when the price goes ballistic very fast I doubt we will be seeing cheap coinage for sometime afterwards, if ever. Either way I am hodling because I don't want to have to buy back in at higher prices. My coins are too precious to gamble like that. And there are no worthwhile BTC sources so I've no idea why you'd listen to them.
Yes they are buying in bulk to have double the amount and then just wait for 6-12 months for both coins to have an increase of price in market just like what happened with ETH/ETC, but let me remind you if Bitcoin splits then people will see no difference between BTC and ETH other than ETH having lower difficulty and fast block time and more easier to mine, I for one would gladly switch to ETH and will just leave my Bitcoins in wallet for 5 years straight.
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
Most times we always try to get ahead of ourselves without really understanding what will be the outcome. Aug 1 will come and go but we will still be standing the issue of whether price will fall or rise is largely based on speculation and the real effect of the hardfork is to be determined by the market forces on that very day and not speculations and guesses. What will happen will happen there is no point giving myself headaches over that. 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'd reverse the old adage of "Only put in what you can afford to lose" to, "Only convert what you need to fiat". Make sure you don't need to touch your BTC for Aug - I definitely will not have any BTC on exchanges come Aug 1st. I think there will be buying opportunities during July. Always be Holding.
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?
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?
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