Topic: Should I buy bitcoins before or after August 1st? (Read 5315 times)
The risk of a fork seems to be virtually gone, yet the price of bitcoin is already dumping quite a bit now. I think once we hit August 1st it will shoot up past $3k so I think now is the right time especially after the recent corrections.
If you have some money on the side and were planning to buy Bitcoin then you should go ahead and do it because if some changes are implemented, they are more likely to affect transactions from then onward and not retroactively.
If you're not sure, you can still split the amount between now and after August 1st, to see what happens.
Yes, but will be good to know about what's mean Agust 1st for bitcoins, what's will be done with bitcoins on it, here what you need to know about the 2mb hard fork (segwit2x) the explaining is clear with the warning about the activation of segwit2x, that is good for our knowledge about bitcoins hard fork and the risk of it.If you're not sure, you can still split the amount between now and after August 1st, to see what happens.
https://medium.com/@jimmysong/segwit2x-what-you-need-to-know-about-the-2mb-hard-fork-27749e1544ce
Since there is no 100% reliable answer to your question given that no one has the the power to predict with certainty the future, if I had the opportunity without doubt I would continue investing in bitcoins but would keep enough capital to take advantage of some great opportunity that could emerge on August. That is, if your plan to continue investing in bitcoin, only invest one fraction of your capital and save the other fraction for the expected day. If things go wrong, you will only lose a fraction of your money and you will find a great opportunity to enter the market in a precious moment. But if things go well, you will be in the market in a very advantageous position.
If you have some money on the side and were planning to buy Bitcoin then you should go ahead and do it because if some changes are implemented, they are more likely to affect transactions from then onward and not retroactively.
If you're not sure, you can still split the amount between now and after August 1st, to see what happens.
If you're not sure, you can still split the amount between now and after August 1st, to see what happens.
On August 1st, they will implement the Segwit and there are some uncertainties involved. If I were wanting to invest, should I do it before or after the date?
My concern is that the price would still be higher than the price on August 2nd if the implementation did not go as smooth as planned and caused the price to drop.
Also, what is the official words on the implementation?
Well if you have some money to invest, and you do not mind losing it, i would suggest for you to invest. My concern is that the price would still be higher than the price on August 2nd if the implementation did not go as smooth as planned and caused the price to drop.
Also, what is the official words on the implementation?
He asked the question in the first place to make sure that no money is not.
Anyways, to answer your question Bitcoin Guy, in the best scenario, core developers support SegWit and prices rise like hell.
However, in a worst case scenario, BIP 148 could cause Bitcoin to chain split into two separate blockchains, one with SegWit activated and one without. This would almost definitely cause a price drop. So you have to be prepared to sell or buy, after the hard fork.
On August 1st, they will implement the Segwit and there are some uncertainties involved. If I were wanting to invest, should I do it before or after the date?
My concern is that the price would still be higher than the price on August 2nd if the implementation did not go as smooth as planned and caused the price to drop.
Also, what is the official words on the implementation?
in my own opinion, i think you should invest your money in bitcoin despite that there is the possibility that there is a chance for a chain split you should grab the opportunity to gain profit and besides, after the huge drop the value recovers easily so, there is nothing to worry about it. anyway it's your decision to buy bitcoin or not My concern is that the price would still be higher than the price on August 2nd if the implementation did not go as smooth as planned and caused the price to drop.
Also, what is the official words on the implementation?
Investing in bitcoi world does not have to wait until the 1st of August, before that you can already invest. The faster you invest the faster you will get a big profit. Do not delay to invest. I am sure you will succes
In my opinion I believe that it is best to buy bitcoins before August first. The reason is that, there is a possibility of chain split and having bitcoin during the split means you will have bitcoins in both chain. Aside from that if the chain does not split and the price goes up, you wont worry about it and enjoy the profit when you bought bitcoin before August 1.
On August 1st, they will implement the Segwit and there are some uncertainties involved. If I were wanting to invest, should I do it before or after the date?
My concern is that the price would still be higher than the price on August 2nd if the implementation did not go as smooth as planned and caused the price to drop.
My concern is that the price would still be higher than the price on August 2nd if the implementation did not go as smooth as planned and caused the price to drop.
What do you want? Buy at the current price rate and wait after August 1 for results or just watching it without any coins on hold. Play gamble mate as you are just trading where losing is normal. What if the price explode to the moon after August 1? It's still better to have coins on hand since you still sell it after August 1.
Like I said, play gamble and take the risk. It's no different from doing trades where you coins on hold to be dump.
On August 1st, they will implement the Segwit and there are some uncertainties involved. If I were wanting to invest, should I do it before or after the date?
My concern is that the price would still be higher than the price on August 2nd if the implementation did not go as smooth as planned and caused the price to drop.
Also, what is the official words on the implementation?
What if it's lie that the prices of bitcoin will go to down on 1st August.If it's goes down then try to buy more bitcoins.It will be helpful and once again a big opportunities to become a millionaire so we shouldn't lose a hope and didn't go for dates just take a risk and invest. My concern is that the price would still be higher than the price on August 2nd if the implementation did not go as smooth as planned and caused the price to drop.
Also, what is the official words on the implementation?
On August 1st, they will implement the Segwit and there are some uncertainties involved. If I were wanting to invest, should I do it before or after the date?
My concern is that the price would still be higher than the price on August 2nd if the implementation did not go as smooth as planned and caused the price to drop.
Also, what is the official words on the implementation?
Buying of bitcoin is anytime, therefore, I don't believe on what others said about in August1 first. It is only an speculations or food to give the community to make them panic. This is not going to be, and this not the first time happen into bitcoin. My concern is that the price would still be higher than the price on August 2nd if the implementation did not go as smooth as planned and caused the price to drop.
Also, what is the official words on the implementation?
Many people on Youtube are saying that Bitcoin price will crash because too many speculators have entered the market and ponzi schemes, so ti will crash to oblivion. I am seeing the price fall every day now for the last week so looks like BTC is heading for a big crash, so I will wait for the price to go really low then I might buy some. Bitcoin has crashed before but I hope this time it survives after the next crash.
Today's price is very low and I guess this is the final rally of bitcoin's price decrease. Don't wait for August 1 to come as the price is possible to be back and stable at $3,500 by that time. If you are going to wait for some more time, you will regret it.
I think it's better to wait until that time, although you might miss a price movement and bump, but the risk is significant if you buy and the price crash, if you already have BTC I think keeping it is smarter, but if you want to buy, buying after 1 August's chronicles are over and the direction of price is clear.
There is a possibility that bitcoin price may fall on the way to august 1 because of fear like what op is having. That is a good time to buy. And when a split happens, the price may drop more. That is another opportunity. But after that, after everything settles, it will be an upward trend. I hope so.
There is risk. If you want to take risk you should buy btc now. Or if you don't want to take risk then you should wait for 1August. After that you can buy Btc.
Yes, you are right but after August, the price of bitcoin will increase. I hope already the price of bitcoin is kept decreasing so there is a chance we can able to buy Bitcoin and store it for the long haul. In future, there is a huge chance that bitcoin price will increase.
There is risk. If you want to take risk you should buy btc now. Or if you don't want to take risk then you should wait for 1August. After that you can buy Btc.
Yes, you are right but after August, the price of bitcoin will increase. I hope already the price of bitcoin is kept decreasing so there is a chance we can able to buy Bitcoin and store it for the long haul. In future, there is a huge chance that bitcoin price will increase.
i say right now everything depends on the core developers. what they do or say can change the course of bitcoin a lot.
nobody is going to run miners code without core supporting it.
- if they get behind SegWit2x then you shouldn't have any worry at all. price will rise to the moon. make sure to buy as soon as you heard the news.
- if they go against it then chain will probably experience a split and i am sure that in case of a split price will take a big hit.
- if they come to a middle ground and fix things so everyone is half happy, then again that can prevent a chain split and price will rise fast and big.
nobody is going to run miners code without core supporting it.
The decision on August 1st is still uncertain, whether core and miners will come to a deal about it.
But, I doubt if segwit2x will be denied/fail to be implemented then bitcoin may drop a bit but not crash obviously.
So, buy bitcoin right now and enjoy the rally, if segwit activated on August, even though it won't be accepted but bitcoin price will still increase as well, it's nature of bitcoin since years ago.
Bitcoin has been dropping in price the last few days, don't know how much lower it will go so it might be a decent enough time to invest now and just wait and see what happens.
For me it up to us if we buy bitcoin before or after August 1, it just like panic buying happen then in August 1, let's just wait what will happen then in August, we just do our own risk to buy bitcoin.
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