Topic: Should long term holders sell before August 1st? - page 4. (Read 4890 times)

Yes now we are very close to August so better to hold our coins till that point of time and lets see what happens as everyone is speculating that price will go higher and if it does then that would be the best time to sell bitcoins to gain higher profits.

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'm honestly in 2 minds, I've no idea what to do. Even after reading the thread, I've not much idea.

Fiat, alts, BTC, mixture I don't have a clue. Nobody knows what it will bring.

I don't think hedging with alts would be a bad thing, only a small percentage, but might be worth it.

Will be keeping an eye on this thread throughout the month.

why be afraid if bitcoin could actually rise again if ever the price of bitcoin price drop. I'm a long term holder and have some 10+ but still i wont sell my bitcoins because i know what bitcoin could actually do . so if all long term holder sell before august 1 do you think bill gates will sell his investment in bitcoin ? ofcourse not . because he wouldnt waste his time for that.

IMO, the Bitcoin prices will crash only if both SegWit2x and BIP148 fails. And in my opinion, the chances of that happening is less than 1% right now (this can change in the coming days, though). So I don't think that the long-term holders need to sell their coins.

Well until the Craig Wright speech on Future of Bitcoin I thought Scenario 1 (Segwit2x) to be adopted sure. For the moment, there is overwhelming support from miners and businesses. But it seems there are forces that would try to combat Segwit adoption (Craig Wright announced that he maybe will buy hashrate to block it).

So at this moment I think we have at least 50% of probability for scenario 1, but 20 to 30 percent for each of the both scenarios with chain split. UASF BIP148 is picking up a bit, so it could succeed (Scenario 2), but a "confusion scenario" where there are two or three chains with no one clearly dominating is also not unlikely, given the still pretty hostile atmosphere in the debate.

I for myself would favour Scenario 1 clearly because it's the only one we have at this moment where no chain split would occur. I think Segwit2x is not ideal but it's a reasonable compromise.

No possible way it would fall to ZERO, I don't think. There MIGHT end up being two competing chains, but you'd have coins on both chains and could then decide whether you want to add to or remove your position in one of those coins after that date.

I will note, I've 'diversified' into a couple others, just in case a fork causes people to panic, especially if one of the teams decides to take their ball and go home rather than continue working to make their fork the more popular one.

BIP149 after.
https://github.com/bitcoin/bips/blob/master/bip-0149.mediawiki

In my opinion, you should closely follow the news.

There are three possible scenarios:
1) Segwit2x succeeds. Then you have nothing to fear and you can keep your Bitcoins where you want (in your wallet or on an exchange), although some here don't like that solution. You can track the adoption on http://coin.dance/blocks. However, be warned that the transition is a bit complicated - what now is showing up as "Segwit2x support" is only an informal "signalling" without consequences. It gets interesting around July 21 when signalling for BIP91 begins. If BIP91 gets rapidly to over 80%, then Segwit2x is basically through.
2) Segwit2x fails, but BIP148 gets more than 50% of the hashrate. This may be a possible outcome if Craig Wright decides to block Segwit. In this case, most probably we will have two chains: the Segwit chain and the legacy chain, and maybe the often-cited "Chinacoin" if Bitmain releases a big-block chain. However, if BIP148 has majority support, I think you are safe on that chain because it most probably will have most of support from Core and the users and price should recover fast after some turbulences. Still, I would recommend you to transfer your coins to a real wallet before August 1, so you can sell also your "Chinacoins" if you want once both chains are cleanly separated.
3) Segwit2x fails, and BIP148 fails, too. This scenario is the most bearish of all, because we will have uncertainty which chain is the longest, and very probably the Bitmain fork will take place and even get some support. In this case, I would chose fiat. How to know if that will happen? Simply look if on http://coin.dance/blocks Segwit2x support goes under 70% and at the same time on http://www.uasf.co/ less than 20-25% are signalling for BIP148 (actually, it's about 10%).

I would say that do not fear the FUD but I am not in your situation. I only hold small amount compare to you OP. If you are that afraid, then dump it. You are the only one who can decide on this, in the end it is your money on stake.

Am i seeing this correct,did you say that you are holding 45 bitcoin,that is a huge amount of money right there,book some profit and make sure you invest some in other good projects and hold 20% of your assets for the future even if the scaling is a mess ,just do not panic as i hope everything will be fine pretty soon.

This is something everybody has to decide for himself.
In my opinion SegWit2x and this stupid BTC1 client is just another attempt to take control over Bitcoin, which imo will fail as the others did.Lots of noise, lots of FUD. I don't give a damn!
I take the SegWit part, however I will continue run my core client after that!Never ever will I run something the core devs where not involved with, what they not support and what is completely rushed. These NYA guys can fork off if they want and build their Jihancoin, Chinacoin or whatever, They will fail and come back.Many of them will destroy their reputation inside of the industry and won't be around anymore in 5 years!

This. The percentage returns become smaller, the higher the bitcoin price gets. If you want pure speculation, it might be worth a small flutter on an alt, rather than pinning hopes on bitcoin doubling and continuing to double.

If you have held bitcoin ever since it was $100 per coin then honestly there is really nothing for you to lose. You'll be in profit no matter what happens, so if that is you then in my opinion you should probably just keep holding.

However, if you bought at $2000 and want to cash it out for the $500 profit made, then go for it. I think there will probably be a hard fork that is activated as a result of the UASF and it's going to tighten community tension that is already existing
Smart! Diversify your portfolio, have like half in bitcoin and half in fiat if you're ever unsure of how things will turn out .

H&H

Hold & Hedge

Hold your Bitcoin
Cover Dump risk by Hedging
 
Easy!

A very big hype is given for the particular day. Now the same could generate a panic among the users and will cause a sudden increase in the flow of bitcoin over the network. It's the wish of the holders whether to sell now or after aug 1st. If something good happens they'll worry that they have taken the wrong decision hearing the words of others.

because there is a misconception about forks. many still think a fork is equal to a split. but it is not, there is a chance of a split happening and just like you pointed out it depends on the support. if it is high enough, then no serious split will happen. but if it is low like 30-40% then it is high risk.

Whoever told you that has probably never even invested in a cent into bitcoin. Bitcoin will always have a value, and this value will be above 0. Reason being that bitcoin is somewhat backed by the price of electricity and the miners behind it, and energy will never be worth 0 either.

The prospect of having potentially two chains running at the same time can indeed seem a bit unsettling at first, however if you think about it it is unlikely that they are going to be of equal support. It's either going to be Bitcoin core gaining majority support soon after the hard fork, or Bitcoin unlimited. Plus, we don't even know if the hard fork is going to actually happen or not. If the UASF goes smoothly, it'll pump up the price actually.

If it does fall though i'm sure that it's going to recover very quickly, this is something that bitcoin is known for, having an extremely short memories afetr a crash.

Safe thing to do? Sell all. But it's probably not the most profitable thing to do, nor the wisest.

Why do you act like a hard fork will take the price down? Hard forks aren't necessarily a bad thing. If SegWit2 happens to activate, then roughly 3 months after that a hard fork will follow.

If the support remains well over the 80% mark throughout this whole period, those that don't support this hard fork will have basically no other option than to hop over. I don't see much of a problem here.