Sell or Hold Altcoins prior to BTC fork 1st August????

KesoNie

copper member

Activity: 672

Merit: 270

Quote from: richGUP on July 27, 2017, 06:10:53 AM

I have already transferred my BTC to an offline wallet (my Trezor) . . .

I'm now thinking to sell my Altcoins and doing the same to protect my BTC and collect free BCC.

What is everyone else doing with their Altcoins prior to 1st August?

It is better to just sold your altcoins and get those bitcoins from it so you can have more bitcoin cash after the fork and there is a high possibility that the BCC will cost at a higher price than the other altcoins which means an easy profit by just owning bitcoins during and after the fork event in august 1st.

Lumada

sr. member

Activity: 520

Merit: 250

Quote from: ActiveP on July 31, 2017, 03:07:14 AM

Why sell your altcoins? It is uneccesary in my honest opionion. You have done the important thing by securing your bitcoins in a wallet you have total control over, the rest is inconsequential.

Selling your coins now at a low price is bad, if the plan all along was to hold long term. If you dont believe in the coins developement and potential, then sell.

Just keep on holding it, if yoy don't need it yet juat hold itsoon it can be doubled or even tripled, keep calm when you get too panic you might regret it when you it's value next few weeks or months.

petrosc

full member

Activity: 180

Merit: 100

Once BCC is issued people will rush to sell it and the crash will be dramatic. Do not expect to sell for $400, expect to sell for $10-40. Considering that all the money will be flowing into alts, with their price rising I doubt that it is a wise move to hold BTC in order to get BCC. You might miss the early train when alts start rising. Just my opinion

ActiveP

full member

Activity: 210

Merit: 100

Why sell your altcoins? It is uneccesary in my honest opionion. You have done the important thing by securing your bitcoins in a wallet you have total control over, the rest is inconsequential.

Selling your coins now at a low price is bad, if the plan all along was to hold long term. If you dont believe in the coins developement and potential, then sell.

DrG

legendary

Activity: 2086

Merit: 1035

Bitcoin won't move until after November when the realization may or may not occur. If it ends up proving positive BTC will take off like the 2012 rocket and leave alts to wither here on Earth. If Segwit fails, then alts may have a good New Years instead of BTC. August 1st is just a short term blip - whales will be preying on the noobs and those that lost big on alts.

nkmt

full member

Activity: 142

Merit: 100

I sold all my BTC to hoard cheap ETH in the last few days as I expect the ETH price to go up once people sell off their free BCC on August 1.

styca

sr. member

Activity: 1078

Merit: 354

Altcoins have fallen hard as people are moving to bitcoin to get free BCC. Once people have received their BCC, money will start flowing back from bitcoin to alts, and prices will go up. I'm holding my alts. I don't think it makes much sense to sell them when they've dropped so much, and a price increase is coming.

TheReamer

full member

Activity: 182

Merit: 100

1) Hodl
2) Dump BCC
3) Huh

4) Profit

btcrich

sr. member

Activity: 302

Merit: 250

Quote from: treebobjoe on July 30, 2017, 12:22:25 AM

Sell or hold? That's hardly a question. Selling out of mere speculation of BCC prices is crazy. If you are invested in good altcoins, there's no reason to sell while they're down.

If you have invested in alt coins and if you are in profits,then i think it is better to sell off and invest in bitcoin because it certain that we will see a network split this coming month and i am sure you will be making more money than holding those coins in the long term,so i did sold off some of the alt coins that i own and invested back in bitcoin.

rouhaud

hero member

Activity: 888

Merit: 571

Payer sa baguette en BTC, c'est possible

Quote from: www.www on July 30, 2017, 03:46:13 PM

Quite eloquent response from Cointelegraph Grin

^^ nice one,
and i thinks it's the best way to handle the fork

www.www

sr. member

Activity: 546

Merit: 250

Quite eloquent response from Cointelegraph Grin

Trela

legendary

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The Decentralized TCP/IP Internet Protocol

Quote from: treebobjoe on July 30, 2017, 12:22:25 AM

Sell or hold? That's hardly a question. Selling out of mere speculation of BCC prices is crazy. If you are invested in good altcoins, there's no reason to sell while they're down.

Why you know BCC is good altcoins? Not from crowdsale ICO, not from Mining, just like creating from old blockchain of Bitcoin and distribuite "free money" for all user holding Bitcoin, they can set the price of BCC with rate $400 per coin lol Roll Eyes

. If it become true, I will learning how to create an altcoin from old blockchain Bitcoin and earning a huge profit Tongue

MadPanda

member

Activity: 70

Merit: 10

Quote from: richGUP on July 27, 2017, 06:10:53 AM

I have already transferred my BTC to an offline wallet (my Trezor) . . .

I'm now thinking to sell my Altcoins and doing the same to protect my BTC and collect free BCC.

What is everyone else doing with their Altcoins prior to 1st August?

What do you do when a hail of bullets are flying over your head in fox hole?
Hold on to your Butts!!!!!!

The market is going to be way to volatile to make a move but if you can buy when theres blood in the streets that would be most profitable.

treebobjoe

newbie

Activity: 9

Merit: 0

Sell or hold? That's hardly a question. Selling out of mere speculation of BCC prices is crazy. If you are invested in good altcoins, there's no reason to sell while they're down.

shade_wrath

full member

Activity: 210

Merit: 101

Any store can buy, sell, and accept Crypto

Quote from: Savik on July 29, 2017, 02:16:42 PM

Just dumped BTC and bought alts. Im gonna try to catch the falling knife with buying BCH too, fingers crossed. Im not going to touch BTC til things settle out.

There was no need for dumping BTC. You should wait to get freebies first and then immediately jump into buying alts. NEVER reject a free coin even if it worth pennies ... you never know when your penny can turn into golden goose Tongue

I think Alt will drop even further after fork as the market might still be skeptical, but thereafter it will skyrocket Cheesy

rouhaud

hero member

Activity: 888

Merit: 571

Payer sa baguette en BTC, c'est possible

Quote from: equator on July 27, 2017, 12:05:09 PM

Quote from: richGUP on July 27, 2017, 06:10:53 AM

I have already transferred my BTC to an offline wallet (my Trezor) . . .

I'm now thinking to sell my Altcoins and doing the same to protect my BTC and collect free BCC.

What is everyone else doing with their Altcoins prior to 1st August?

This is a very good question asked as now my question also got all answers and now i am also going to withdraw all my coins to the respective wallet as it is much more safer.

me too, will stop all movement during this period.

Savik

full member

Activity: 364

Merit: 101

Just dumped BTC and bought alts. Im gonna try to catch the falling knife with buying BCH too, fingers crossed. Im not going to touch BTC til things settle out.

AleSergio

sr. member

Activity: 378

Merit: 250

BuyAnyLight - Blockchain LED Marketplace

Im holding all my altcoins and not selling them, because at the moment they worth nothing, but in upcoming month they will deffinetly gain a huge %

panganib999

hero member

Activity: 1736

Merit: 589

Quote from: Golftech on July 27, 2017, 07:22:47 AM

Quote from: Seansky on July 27, 2017, 07:02:21 AM

Quote from: richGUP on July 27, 2017, 06:38:34 AM

Also leaving Alts on Exchanges is the same as leaving BTC there since when you come to sell back into BTC your leaving it up to a third party to choose between BTC and BCC . . . or whichever chain . . .

Am I right?

You are right so don't just leave altcoins on btc exchanges. I'd rather sell now all of my altcoin stash rather than leaving them on exchange. My course of action tough is to sell some alts and hold some on a wallet that I have complete control with, or ones I own a private key. Even alts will be affected on august 1 if there will be a split so its better to prepare for it now, decide what to sell and what to hold.

better to download wallets where you have full access instead of leaving it from the exchange even though its bitcoin which will be affected
its still better to be safe than sorry after, its a decision that you really needed to research and learn deeper.

Consider on using wallet where you can monitor the price so you could decide on whether you are going to sell or buy Bitcoin. In terms of altcoin we can see that it's price is aligned to the price of Bitcoin so if you will monitor the price of Bitcoin that is also the same on monitoring the price of altcoin it self. Just take time on having trading site where every altcoin have price in terms of Bitcoin. Do not be affaraid on having altcoin and Bitcoin at the same time holding because it may lessen the risk in you investments and transaction.

Singwala

sr. member

Activity: 462

Merit: 260

Don't sell your Altcoins. Maybe they affect you from decreasing /dumping but After August 1 or Segwit - Market recovers again with a new Bitcoin Cash (BCC) . I think some of traders get panic cause they don't know what to do.

Topic: Sell or Hold Altcoins prior to BTC fork 1st August???? (Read 2358 times)