i am dropping all bitcoin assets like a hot potato, if for some reason I am actually holding any crypto at that point except USDT. The reason? Along with myself, others will attempt to capture as much guaranteed value from the forks, knowing that the market will dip as a majority takes profit. it will most likely come back up, some of the forks at least, but this will be the trading opportunity of a lifetime. its gonna be like Superbowl and Christmas rolled into the 4th of freakin July.
also assuming other markets will dip as they usually do, if btc retreats.
There won't be any chain split on August 1st. Segwit should be a done deal before that and BIP 148 will be an irrelevance. As will this most likely.
I for one wouldn't be out of Bitcoin on that day and if you are you won't have any Bitcoin Cash to play with either unless you, like,
buy it.
but i am skepical of holding btc at this moment, brosephalus, and i will be candid. i will have to store on a private wallet; when the dust settles, all of the speculators will rush to deposit, sloging everything down like an eth ico. i seriously want to capture peak value; even if im not holding btc, i understand this is a highly profitable scenario if i trade with discipline. im figuring holding tether is smart because im at least pegged to USD; when the shit goes live and the whistle blows, i want to be able to buy immediately if it trends up, or cackle and set a shit bid for when it bottoms. i rely on my intuition by absorbing the market sentiment on this forum, reddit, and my convos with fellow traders. i even lurk trollboxes for scoops. i cant read this man, and it makes me nervous.
and i like free money, dammit. torn about this, man.
