Bitcoin Forum

I'm just wondering what will happen in terms of price for Bitcoin. Should I invest now in bitcoin? Are investors going to get extra alt-coins similar to Ethereum Classic if they buy before Aug 1st (e.g. Bitcoin cash)? People seem to buy Bitcoin as Bitcoin prices rise 8% today while most of the other coins are declining, but I'm just not sure. What do you think guys? Is this a good time to buy or sell bitcoins for the short-term investment?

You have 2 scenarios

1- You hold BTC, on an exchange that supports BCC, and you will end up with BTC + BCC
The question is if this new pair has more value than the BTC alone today.
Based on your feelings, you can decide to hodl or sell BTC or BCC or both

2- You don't have BTC: You will be able to buy BTC or BCC (on an exchange supporting BCC) after the fork
BCC will simply be another altcoin, with it's risks/rewards outcomes
BTC may be cheaper than today... or not.



As usual, there is no "Black or White" scenario about holding or spending. You can play "in between".
ie: If you have 10BTC, maybe you should hold 50% and get the rest in Fiat or Alts. Or maybe you should do a 30% BTC, 30% alts, 30% fiat




Up to you. Nodoby knows...

I think there are already lots of related threads about that.

We don't know what decision is building on different investors mind so basically we can't tell you the right thing to do between if you will buy or if you will sell. Saying buy or sell coins today may lead to opposite result.

What do you want, be brave enough to risk some money or will exit to take profits. It's your decision.

you can do what you wish...
if you want to make a profit then you have to keep your Bitcoin for more days. if you sell at the lower rate then definitely you will make a loss regarding this issue. so wait until a couple of weeks and see what will happen in the near future.

Not long ago I had time to read a thread that says that on August 1 there will be no bitcoin split. Instead he says that there is someone who has made a coin called BCC. I do not know if this news is true or not. But my advice, save the existing bitcoin at this time. And after the 1st of August, you can buy it back as your long-term investment

Noo, I think it is better that you hold your btc and for a couple of years sell yours btc of course for the biggers price. That is my thinking.

No one will say the right answer. Everything people say here is only predictions.
I would hold, even if it dropped after Aug 1st, it should get stable again within next few months. But again, it's only a prediction. Good luck ;)

Selling your coins, you will miss the opportunity to get BitcoinCash (BCC). Not sure how the market value of BCC is going to be though. We can see price drop on bitcoin, but might even out if you sell your BCC. Or you can just sell your coins and stay on the safe side. Buy back when you think will be the right time.

I think it is better to be safe than sorry. So if i were you if have bitcoin ill convert it to USD first and wait for the result of august 1 because i think this is the safest way to ensure your assets. meanwhile if you have the guts to hold it through it all you can just hold it maybe btc's price will go up or down, nobody knows thats why imo converting to usd is the safest way

I agree. The most sincere and honest response at the moment is "I do not know."

Any answer that does not include the phrase "I don't know" should be ignored.

People are buying even more bitcoin for two reasons, many expect the price of bitcoin to go up and so they are accumulating bitcoin for that and the second reason is that many speculators and traders are preparing to get bitcoin cash, you will get as much bitcoin cash as you have bitcoins, so speculators are going to try to get as much BCC as possible to try to profit from it before the coin disappears.

"In the event of two surviving blockchains, we will support one blockchain, the one with the most accumulated difficulty.
Xapo will give you the choice to withdraw the coins in the secondary blockchain or to let Xapo sell the coins in that secondary blockchain and automatically add that value to your account in the supported blockchain. There is no estimated date as to when this will be determined, as it will be only when we deem it safe and sensible to do so."

This is the mail I received from xapo earlier today. I received almost same mails from some other services, this is good answer on question is it good to sell or buy bitcoins. I think most of the people are gathering bitcoins in order to get more bitcoin cash coins or how to call that other chain. Everyone wish to be prepared for hard fork, I plan to wait to see what will happen, I wouldn't like to see split but if it happens it will be good to get some free coins.

you can do what ever you want.its up to your decision.no one will give you perfect suggestion.well if you have have large amount of btc and you don't depend on income from it then I should say just hold it.no need to buy more because as my opinion BitcoinCash (BCC) flow may bitcoin price little lower but definitely price will come back. ;D  

yes that is right that it is your own decision either you want to hold or sell. but my option will be to hold and not to sell at all. in fact there is a little panic because of the 1st August even, but when this will over then  i am sure that the the price of bitcoin will start increasing therefore i think we should  try to hold bitcoin not to sell it in panic like condition.

You know broad holding is the best place to keep bitcoin in your wallet then you will see the big change in your income which will change your life in a future if we sell our bitcoins now we will call our self in future that we were fooled to sell. So it's time to save bitcoin means hold bitcoin for a long that we will have a great goal in a future. Which is able to change our life.

I just bought altcoins with all of my bitcoins. it is a very tough decision as I have to maintain the balance as constant as I can but I am afraid of being lowered Bitcoin price that then I was thinking if I make some constant profits, then it will pay for the profit. you can also choose to invest your coins in exchange like yobit.net as there you can make some really good interest without getting scam and as you can with draw your money whenever you want.

i think the best way to keep your funds safe is miving to altcoins, personaly i sell all my bitcoin (50℅ Litecoin 15℅ Veritaseum 15℅ Populous 20℅ ethereum). take look here: https://coinmarketcap.com i think most of ppl joined the Altcoins train.

Yes sure can do that the current bitcoin price seems to be high so then it is w good time to sell but also you might also consider some scenario's that might happen, after the implementation of segwit2x or segwit the price may skyrocket to new all time highs and reach the $5000 price but then again lets also not forget that there is a little chance that it might dip but it is highly unlikely to dip after august 1 considering how strong bitcoin is and the support that it has from the community, merchants, local and online businesses and some countries already adopted. The point is you might get more bitcoin if you hold them.

To answer your question I think not because I think during the hard fork bitcoin price will decreased and that was the right time to buy some bitcoins because I am pretty sure that bitcoin price will increase again in a week or two but for me this was the good time to ensure the safety of your bitcoins , since August 01 was nearly to happen It was best if you will store your bitcoins to a wallet that you own the private key , just avoid any bitcoin transaction for now.

you have good option coins for saving your bitcoin, i see you have litecoin for the most of your altcoin, that's great. but i don't know about two other coins, but i think it could increase too.

i think OP don't have to sell his bitcoin but he can keep in his wallet or maybe he can follow the other which is investing their bitcoin in altcoin and only waiting altcoin is increase back.

This is correct but at least to me holding seems like the best option, if you hold you get both BTC and BCC then you sell your BCC and get some free profits, after that the only thing you need to do is wait for the price of bitcoin to recover, if it went down at all and then everything will be as it was before the hard fork except you will have some additional profits in your pocket.