Topic: Should long term holders sell before August 1st? - page 3. (Read 4890 times)
Make sure in advance whether it will actually proven of will be going down about bitcoin price. I think i don't think it will happen. Try consulting with someone who is more experienced and knows a lot about the future of bitcoin or can by finding definite information about the development of bitcoin in the future. Well after you're absolutely sure of it, do your best.
If there is a sharp spike occurring before August 1 (i.e BTC over $5,000 per coin), then the users can consider converting a part of their BTC holdings to fiat. A correction is likely to follow, and they can buy back their coins at a lower rate.
Nah, i think it's impossible to reach $5,000 per coin. Actually i saw some people that afraid this Segwit August 01 will makes the bitcoins price decrease. I'm sure when the day is close to August 01, the market will get a huge spike on the bitcoins price. If you won't take a risk, just sell your coins before it comes.
If there is a sharp spike occurring before August 1 (i.e BTC over $5,000 per coin), then the users can consider converting a part of their BTC holdings to fiat. A correction is likely to follow, and they can buy back their coins at a lower rate.
Nah, i think it's impossible to reach $5,000 per coin. Actually i saw some people that afraid this Segwit August 01 will makes the bitcoins price decrease. I'm sure when the day is close to August 01, the market will get a huge spike on the bitcoins price. If you won't take a risk, just sell your coins before it comes.
Dude you're trolling. You know better than to sell before August 1st. Tryin to buy cheap coins eh?
Na 1 august is an important date and to be honest I have some of my money in fiat (EUR) and some of my bitcoin on blockchain.info.
This way I can benefit from a price increase but also an fork. Nobody knows what will happen but I hope I can profit either way.
Being a long term bitcoin holder i am little scared.some people are even saying bitcoin might fall to zero after August 1st.is that even a possibility?should i sell my bitcoins to cashout profits and wait it out? or should i keep holding? i want to hold bitcoin for another 4-5 years.so if the bitcoin prize falls after August 1st which is a very high chance then will it ever recover? what's the safe thing to do?
I think you should to hold your founds. 1st of August doesn't play a role in my suggestion, because i think no matter what is going to happen with bitcoin's price after this date, I am sure that the price will grow higher. Everything because of new trend of bitcoin adoption by countries. This wave is raising and soon many countries will join, there is no doubt tat after such historical moment for all bitcoin's history the price will jump up. 
You are absolutely right, that's what people are starting to create a panic for those who will buy at a cheap price Bitcoin. But I too will take advantage of such moments and will wait for it to boil.
People aren't so easily to fall for whatever form of trolling or fud. Those that do end up believing that nonsense and start selling as result, are complete noobs. People can spread as much fud as they want, it won't affect the market at all if it isn't coming from the more well known news sources, or any other high level person. Just look at how desperately kwukduck has been trying to convince people that Bitcoin is fundamentally broken -- just look where the market is standing today. Nothing that happens on this forum will ever trigger the price to tank significantly, just forget about people spreading fud to buy cheap coins. This isn't the altcoin section.
Dude you're trolling. You know better than to sell before August 1st. Tryin to buy cheap coins eh?
You are absolutely right, that's what people are starting to create a panic for those who will buy at a cheap price Bitcoin. But I too will take advantage of such moments and will wait for it to boil.
Dude you're trolling. You know better than to sell before August 1st. Tryin to buy cheap coins eh?
Being a long term bitcoin holder i am little scared.some people are even saying bitcoin might fall to zero after August 1st.is that even a possibility?should i sell my bitcoins to cashout profits and wait it out? or should i keep holding? i want to hold bitcoin for another 4-5 years.so if the bitcoin prize falls after August 1st which is a very high chance then will it ever recover? what's the safe thing to do?
You said you're a long term holder but it seems you're also a panic seller whose easy to believe into some fud or trollers. Better hold your bitcoin or split them into different offline wallets to prevent of losing some funds. We dont know if this is true but prevention is always better than cure. As August 1 is approaching many are anticipating the success of activation of segwit. Let us all be positive to this.
Being a long term bitcoin holder i am little scared.some people are even saying bitcoin might fall to zero after August 1st.is that even a possibility?should i sell my bitcoins to cashout profits and wait it out? or should i keep holding? i want to hold bitcoin for another 4-5 years.so if the bitcoin prize falls after August 1st which is a very high chance then will it ever recover? what's the safe thing to do?
If you are a true long term holder then there is only one thing you have to do, to keep holding, a lot of what you are hearing is nothing but unfounded FUD people want to create a bear market before segwit activation so their profits are even higher when the pump after segwit activation happens, if I were you I will keep holding no matter what. 
If there is a sharp spike occurring before August 1 (i.e BTC over $5,000 per coin), then the users can consider converting a part of their BTC holdings to fiat. A correction is likely to follow, and they can buy back their coins at a lower rate.
No. Every now and then bitcon proposal to improve the system of called bitcoin improvement proposals-BIP are presented. On august 1 BIP148 will be presented and some speculate may be forced to be implemented. Some people who do not completely understand this are just confusing this with a big change and making the bitcoin holders afraid of august 1st. But if you take necessary precautions which are provided by many people online and are simple to understand you will be far away from getting your bitcoins in trouble.
If there is a sharp spike occurring before August 1 (i.e BTC over $5,000 per coin), then the users can consider converting a part of their BTC holdings to fiat. A correction is likely to follow, and they can buy back their coins at a lower rate.
I will be the one to sell it first when I see the price at this rate. But if there's no movement I will likely going to keep on holding. I want to keep my bitcoins until the price gets higher. I have high expectation for now but I know it's better not to follow that expectation because there's a chance that I can miss a lot of increase.
Being a long term bitcoin holder i am little scared.some people are even saying bitcoin might fall to zero after August 1st.is that even a possibility?should i sell my bitcoins to cashout profits and wait it out? or should i keep holding? i want to hold bitcoin for another 4-5 years.so if the bitcoin prize falls after August 1st which is a very high chance then will it ever recover? what's the safe thing to do?
I think its not possible that the price can be fall until Zero its impossible many people are holding bitcoins if its true right now we are seeing the price drop and sell their own bitcoin before the price of bitcoin drop down or crash.. Since miners allowed to activate segwit it means it can give as a good effect after activation so we will see a normal growth or we will see burst increase after this coming august.. So holding and buy more bitcoin is a good choice..
Being a long term bitcoin holder i am little scared.some people are even saying bitcoin might fall to zero after August 1st.is that even a possibility?should i sell my bitcoins to cashout profits and wait it out? or should i keep holding? i want to hold bitcoin for another 4-5 years.so if the bitcoin prize falls after August 1st which is a very high chance then will it ever recover? what's the safe thing to do?
Despite the fact that there are so many speculations and rumors all over about what will become the market value of Bitcoin after 1st August meeting increase or decline? To this question one cannot completely rule out both the negative or positive outcome. But despite the fact that there is panic all over of what become the market value of Bitcoin after 1st August not to the turn of Bitcoin declining to zeroSo many speculations around bitcoin price on 1 august.. I expect big whipsaw not only with bitcoin price also on altcoin markets. I will sell my bitcoins whenever price hits 2800$ before 1 august .
Being a long term bitcoin holder i am little scared.some people are even saying bitcoin might fall to zero after August 1st.is that even a possibility?should i sell my bitcoins to cashout profits and wait it out? or should i keep holding? i want to hold bitcoin for another 4-5 years.so if the bitcoin prize falls after August 1st which is a very high chance then will it ever recover? what's the safe thing to do?
Despite the fact that there are so many speculations and rumors all over about what will become the market value of Bitcoin after 1st August meeting increase or decline? To this question one cannot completely rule out both the negative or positive outcome. But despite the fact that there is panic all over of what become the market value of Bitcoin after 1st August not to the turn of Bitcoin declining to zero I don't think if what will be happen in the month of august but i still believe that we see more good result about activation of segwit..
We will see a large pump will happen in that month that i think if you sell your bitcoin before august 1 you will be regret soon and miss the opportunity to make any profit in that month. so for me i still hold bitcoins to make a good profit after august 1..
I am agree with you that can't sell your bitcoin before the first august because if the activation of segwit in August its will cause in price and its price will be more increasing , and those person sell it before August, you are right they lose their money in high amount so those people want that his money is goes to increase he need to hold and wait to August 1. And I am sure they get more profit and you will be in first of all. We will see a large pump will happen in that month that i think if you sell your bitcoin before august 1 you will be regret soon and miss the opportunity to make any profit in that month. so for me i still hold bitcoins to make a good profit after august 1..
Why it's hard to believe?i bought most of my bitcoins when the price was 450$ and if the split do happens then how will i know which will be the dying chain?i think safe is too just hold till one chain completely dies instead of taking a risk of selling a coin in 1 chain which may result in selling a coin in surviving chain.
I am sorry but I did not mean to offend you. But put yourself in the reader's point of view. A newbie account saying he has 45, 50 or 100 Bitcoins could easily be a troll would you not agree?
I gave you the benefit of the doubt though.
If there is a sharp spike occurring before August 1 (i.e BTC over $5,000 per coin), then the users can consider converting a part of their BTC holdings to fiat. A correction is likely to follow, and they can buy back their coins at a lower rate.
I'm honestly in 2 minds, I've no idea what to do. Even after reading the thread, I've not much idea.
I personally don't do anything, other than having a decent amount of fiat ready to be put in action at the time the price tanks heavily. If alts weren't really overbought as they are right now, a decent plan for worried people would more or less be the following -- 50% BTC, 30% LTC, 20% fiat. I would even advice Dogecoin. At this point it's not worth it to take any sort of position into altcoins. If you plan to take action, choose to liquidate a part of your coins and get fiat in return.
Being a long term bitcoin holder i am little scared.some people are even saying bitcoin might fall to zero after August 1st.is that even a possibility?should i sell my bitcoins to cashout profits and wait it out? or should i keep holding? i want to hold bitcoin for another 4-5 years.so if the bitcoin prize falls after August 1st which is a very high chance then will it ever recover? what's the safe thing to do?
The moment you bound yourself for a long term holding, you already accept that you will deal in all the risk involved that will happen in bitcoin while you do holding. August 1st scenario is part of it and this will test your decision making skills.
Look, the output maybe price will decrease but on the other hand, it doesn't erase the fact or chances that price will go up more. Play gamble here mate because when you sold your coins and price increase thereafter, it will give you regrets, same as if you hold your coins much then price crash happened afterwards. Both ways have worst scenario so if I were you, I will put my bet based on my own positive thoughts.
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