Bitcoin Forum

With the 1st of August in mind what actions have taken or not with regards to your bags of Bitcoin?

HODL (moved to cold storage) and bought one bitcoin last week that I am keeping on Kraken - just for fun.

Same for myself. Let's hope we called it right. In it for the longterm.

Hodl for me cause theres a big chance that bitcoin will hit 4000$ this year,  its already august first in my country, and here july 31st. We are 8 hours advance. Checked the bitcoin price and find out that bitcoin is still increasing.

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Both.  Bought a little Au (jmbullion.com), HEDL the rest (85% or so).  Also moved most of the rest to hardware from blockchain.info.

Bring it.

I sold and bought alts. Not any BCC though  ;D Let's see if I have shot myself in the foot or have made a prudent decision  ::)

1) Pulled most BTC out of exchanges to make sure I get my BCC

2) Left some BTC on Polo for the lending party (which I hope to get back out just in time for the forking)

3) Got popcorn ready for the crypto event of the year

(why sell my front row tickets if the show is just to get started?)

I'll HODL through anything. And I'm in good company doing so.  :D

I'm holding, there's a alot of catalyst for bad at the moment, but if you look through the smoke an upgrade to the system is a good thing. This is something we've all been waiting for. For that reason, as long as all of this goes smoothly enough, I see no reason why bitcoin won't continue to rise.

Especially since the vast majority of users have absolutely no clue whats going on behind the scenes lol. They are just spooked because they see people (you guys) smarter than them debating things they don't understand.

Bitcoin climbed a wall of worry since 2015, the US/world is in worse shape than when they held the Brexit vote with interest rates rising, a US President that no one trusts, a government in stale-mate, the removal of Dodd-Frank, grandiose plans to change the tax code (he will never get it past Congress/Senate, causing all of the stocks that rose because of these plans to fall), the FED beginning to offload it's balance sheet, and stocks outpacing their YoY earnings growth rate.

QE & Low interest rates were the single biggest drivers of US stock market demand for the last almost 9 years now, to think it will rise without it at these valuations is delusional. If we thought investment companies were "extravagant & overly risky" in 2008 we need to take a hard look at our current situation, because the amounts involved this time around are 5x bigger.

I'd imagine it will be catalysts from OUTSIDE of bitcoin that will be bitcoins boon, and a tech upgrade right before this happens is best case scenario imho.  If we have a flood of people coming to the network to escape their countries financial woes, it will be a good thing to have a more robust system(s) at that time.

I'm holding. I will be holding both chains. There's no reason to pick one over the other when no one knows how this thing is going to go... holding both removes the risk of being left behind after choosing one chain over the other.

Tell me at least one serious reason why I would have to sell my btc? Contrary, if I had money in reserve, I would buy more bitcoins. Now I'm hodling all my bitcoins. I'm absolutely calm about that. Offcourse, I withdrawn all my bitcoins from exchanges to receive Bitcoin Cash. Hope also to get benefits from BCC in short term :)

I think there are 4 people in this situation.

1. Those thinking long term can HODL with no issues. Safe if you are happy with your current stash

2. Those holding to get some free BCC to then sell (possibly keep). Pretty silly if that's your only reason as the price will tumble, most likely way before you have received your airdrop and managed to get it onto an exchange to sell.

3. Those selling and buying ALTS. I wouldn't do this at all, we have seen how alts fall when the BTC market is volatile, IF BTC falls so will all alts as people will panic, its always the reaction and guaranteed to happen.

4. Those that sold and are sitting with FIAT to see what happens, personally a smart move and what I am doing. If the price drops you get more BTC (or other alts). You don't lose Profit. If things stay strong then you buy back in. No matter what you buy back in at your money is still worth the same and BTC isn't suddenly going to fly to the moon, will just stay stable and grow when people move back on, plenty of time to see whats what.

number 4 sounded like the best option for me, rather not lose profits (even if it does recover) and happy to lose .1 .2 of a BTC if I buy back in seeing its moving upwards not downwards....

Im saving my bitcoin even  whatever happens., i bought some of it last bitcoin price went down and hodl it. Never came out on my to sell this time cause im confident bitcoin price will be in a rampage after a few weeks.

For facing today, i do hold some bitcoin for stock and few others i do exchange to alt, and sold some to fiat, for to see how price tomorrow will react and where to pump it.
Since some exchanges closed about 24-48 hours, we can't doing anything for those time.

I am a noble hodler. I believe that there is more to see from Bitcoin. Yes, there are lots of bad news about it recently but it will not affect my hopes that Bitcoin still has lots to prove and if I just believe on it, it will make me rich in the future just like what it did on some people. Don't get affected by the negative news that you see or hear. Always trust your instincts and knowledge so that, you will have no regrets.

Not that I have a whole lot to begin with,  but I kept what I have in my Mycelium wallet.  I'm still curious as to what exactly is going to transpire woth BCC and if I'm getting any.  I think I know what's supposed to happen,  but I'll believe it when I see it.

The genesis block is getting an equivalent amount of BCC too, right?  That's a crazy concept to me.

Anyway in the past 2 years I've constantly regretted selling and spending bitcoin.  I'm doing my best not to hold simply for this fork, but to just hold for the sake of holding.  Hasn't been long sonve I last bought something,  but so far so good.

OP, what everyone is doing is buying more Bitcoins. Why you think the price is trying to break new highs again? Everyone wants their share of BCH and planning on dumping it the moment they have it.

If that is what they are doing then a good plan would be to hold and wait for a better price to sell.

almost the same.

some silver

some to cash

most to my core wallet.

These are exciting times right now and I hope everything turns out well after the BCC split. Other than what I needed to sell, I basically just held on to what I have and just wait around and see how this BCC is going to make an impact on the price of bitcoin, if at all.

I Hodl no matter what. If Bitcoin goes to the Moon, like we all said it would, I want to be in the driving seat. Bitcoin has just been going through a "scaling" exercise and this will improve the technology even further, which might lead to increased adoption.

The price of Bitcoin will reach much higher levels now, so it would be stupid to sell now. You will also miss out on the free BCC coins to boost your Bitcoin holdings, when you sell them. ^smile^

Well i be holding my bag on 1st of Aug and I have recently decided to not to touch my some bitcoins for atleast 20 years, I have forgot about them. Will be Interesting to see what happens on 1st Aug, But holding is the right option, Unless you are gambler you can afford to take the risk on 1 Aug and supposedly make a profit from it.

With this particular event in mind, I first decided to move out of coinbase.com, though I never had any problems with the site, but it was way to risky to keep my coins on the site. I decided to ship them to a secure wallet and now going to sit back and watch the drama. Initially was keen on a paper wallet to, but it was to much confusing for me, so I dropped the idea. Now loving the surge.

The reason why I stuck to my bitcoin is that I don't have bags of it.  ;D I have a small amount and so I am not a bit worried about the coming August 1. Come what may. I know that the end will always be on the side of bitcoin. I am right so far. Bitcoin did not go down, but instead rose high.

I'm holding but wish I would have sold it or moved my bitcoin until this fiasco is over with.

I prefer holding and will only sell it as needed. And also I have to save on BTC spending for the year 2020. So, use when needed and tube your BTC as much as possible, up to BTC to the moon. Keep alive and save.

Good expressions. I think a mad person will thinking about selling of his bitcoin this time. I hope at the end of this month, most probably that bitcoin come to his price $4000 = 1bt. I am nothing at any cost to sale out my bitcoin. I am trying to buy more bitcoin for future. If you know that a resource is limited so why not you will try the keep the limited resource of the world with yourself.

Well we can think Bitcoin like money or gold, how to earning extra Bitcoin and holding more than most important. Example: Holder Bitcoin from 2015 until 2017 are earning huge profit from it, from $200 per Bitcoin to ~$3000 per Bitcoin

I was thinking about this today and realistically, it doesn't hurt Bitcoin if people sell/trade as some lose and others win and it all balances out in the end. Think about it like the stock market... people trade every day and most noobs lose their money, but one thing about the stock market is it always rises, no matter what the circumstance.

I think the same can be said about Bitcoin. If someone sells out now and buys back in lower, it only means others lost money and that is how trading works... there is nothing destructive about it in fact we should encourage it to increase the amount of smart money in crypto...

I see that the thread was open on 31 July 2017 when everyone was unsure about what to do with their bitcoins. However, looking at the today's price, I can say that, those who have sold out their bitcoins, is certainly regretting now. I have been saving bitcoins for a long time now and i was always positive about it. So I didn't sell off any of my bitcoins for any reason.

I am sitting on a huge profit now just by holding it, without any investment. Bitcoin is the best investment asset I have found in my entire lifetime and nothing can take its place for sure for many years to come.

I held, I will not deny that I was scared with all the FUD going on but I decided to trust bitcoin and the results are there for everyone to see, bitcoin seems to be as strong as ever and it seems we are finally reaching the point were bitcoin is going to skyrocket.

Yeah everyone would of course to take a safe action as you did ,
Very few people who instead sell their bitcoin , they keep investing to take a bigger profit in bigger risk ,
All of them are so worth i guess as we can see it now the situation opposite with our fear ,
Bitcoin and the new altcoin splitted from bitcoin has a strong market with good value , keep holding as long as you can afford.

I did both, I did sold some of my bitcoins as I need to buy some important land property that was given to my mom as a gift. And still  have some bitcoins left on my pocket(wallet) and will do nothing for it until I've seen the price of bitcoin reaching $5,000 very soon or else I've gotta sell it again.

I held everything, got my BCC, sold most of that for 0.15, cashed out free money. I've been paying all my bills and expenses with the money from my BCC sale (should be enough for another month) and holding my BTC. I hope we'll see it go up even more this year.

It is still good to hold our coins in a long term. Were everyone here are doing the same thing for believing they could get a lot of
benefits of it. Just be patience in waiting always calm and control our emotion and don't get attract or panic so easily if the price drop.

Hodl...
Ive bought various altcoins last month as recommended by my friends who is engaged in btc for years already...
My plan was just to let them stay in my wallets even for a year and see what could be the outcome after..
Yes i may lose a lot because of that... but i may also gain a lot if it increases value...
The stake is big... but bring it on!!!

Im off the train at 4k. you can pick me up at 4.2k, or leave me sitting there. it will be back, trust me.
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Annnnd Im off. im 25% nubits/25% tether/50% coinbase usd. I have all this parked in orders that are 10% below my magical target (i would name it, but I dont want you guys to listen to my trading advice, this is just for the record). Now that Im out, I will state my mind on this.


This shit is going down.

Why are we at 4000 right now? There is no new news, no updates, no nothing. bitcoin has completely outpaced gold and I simply ask the community to ask why. I harp on gold, not because Im a gold bug but because gold is a hell of an established benchmark. if we believe in bitcoin, surely you believe in precious metal, it was the original bitcoin dammit (its deflationary properties, its trust). With something as real as gold, something man has slain his brother for since time unrecorded, why the FUCK is bitcoin multiple times its value, a thing made of secrets and information? I cant wear a bitcoin necklace; I cant put bitcoin in my catalytic converter to make my car work sparkling fresh.

People, sit down and let me rap to you.

This is a bubble. i hope im wrong, but dont let the greed blind you and harm you. Im not trying to influence anyone; while I am a shit this is not that. We are moving too fast with the price. Growth like this is unsustainable. I dont want yall to get hurt. Make a decision tonight. Hodl, and understand empirically this is the break point. or divest, and wait for a dip/crash/retraction that just may not happen. I hold for the later. time will make one of these paths a lie.

disclaimer: i will rebuy at 4200. and hodl unsteadily.

Good luck, gentle folks.

August 1st is an intense situation, most of the people dump Bitcoin and change to other coin, but I am holding it until now, and I am lucky to hold the coin because now the price went crazy, fromm the first I believe Bitcoin will either survive or will bounce back, and my feeling proved to be correct and I got extra BitcoinCash bonus

I'm not sell out. My bag is full of altcoins. I'm waiting with patience. I hold Bitcoin a little bit. Let's see what happens.

"bags of Bitcoin"? really?
and it is not really a bad thing to sell you know. it should always be a risk management kind of thing.
you invest what you can afford to lose, price goes up you can sell a little to take some profit. the same thing is also true when there is a risk of a drop, you sell something to be able to take the opportunity to buy at the bottom.

your question should be "did you sell at the bottom", otherwise selling around $2500-$2700 before the $1800 drop was a very good idea.

FUD was very strong prior to Aug 1 and I think it has swayed a few noobs to sell their bitcoin. If they have just hold on it. We all have the feeling that bitcoin will really rebound but what we didn't see is how it bounce back after. We reached $4000 very quick so one has to think if this is just a bubble or not. I hope it can really hold specially that Segwit is coming over in Aug 22. So I will continue to hold my "bags" of bitcoin. LOL.

http://imgur.com/a/vpqB9

Wow! It's a good day guys. Bitcoin is going to moon. The pump is still going. I thought the pump is over but it's not. I just look at my wallet hours ago. It's on $3700. Then after 3 hours. I looked at it. It's very surprising. Now its  on $4000 mark. What happen? I think those split coins were dumped and sold for bitcoin. I knew bitcoin still go up despite of split.

If those guys sold out all the bitcoins they must be crying this time as bitcoin price just crossed 4k$. Also if they owe 10 btc at that time they must have got around 2btc worth of bitcoin cash so they lost too much than just bitcoins.

Bitcoin is going up to the moon and around Jupiter. No stopping it anymore

yes, be still there would be retracement for the price of it. lets just hope everything will be okay since alts are now down. hopefully all will recover because my portfolio is now down 50%.

I closed some positions and I didn't leave my portfolio exposed but I retained a large amount of the Bitcoin I could have sold before August 1st and kept it within my possession. I was skeptical leading up to the fork itself but I actually forgot about it when it happened so I didn't realize it had gone through until I saw people talking about it more. If I didn't see those conversations on here, I would have forgotten the fork happened at all the be completely honest.

Just goes to show how ignoring something can be beneficial.

Everything went as a dream. I've been waiting to sell when the price reaches $3500, and this happened in a short and made me sell my coins. Soon after this when price kept increasing I thought of buying little, but the growth is big that it crossed $4000 in a very small time.

its really a matter of trust when investing with btc as we seen how the value progress so fast and how this new ath has been achieved and it seems
that its not over yet and a lots of things can possibly happen maybe more uptrend will follow and its hard to make or place and entry as of now chances
of early holders to dumped are still around the corner.

The price is 4000$+ right now and as cheesy, tempting price is this to sell, I am still holding my Bitcoins for 5k$ mark. Planning to sell some of my stash then and wait for the correction. Will hold my altcoin bag forever as even if one of them shoot to moon then I will be a super rich.

Where's the both option? I sold a little and kept a little. I can always buy back in for a lower price between peaks.

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I sold a small position (by buying gold) right before August 1 because I was not sure how all of this would turn out.

On the other hand, I just bought a small amount *today* at "The Dubliner" (an Irish pub) at Amagertorv 7 located in the pedestrian zone of downtown Copenhagen. 

Hmm, at $4000, it's now hard to buy much BTC.

Honestly, selling bitcoin should not be looked down upon by this community. Nobody is a millionaire until he's sold bitocins, and we wouldn't have had any "bitcoin millionaires" if it weren't for large holders selling at some point or another. Right now, major selling by a single party could trigger a market-wide trend of panic amid the otherwise bullish sentiment but that's how free markets work.

I definitely am a hodler, been hodling ever since I started trading a few months back and will keep on continuing to hodl until a couple more years. And of course I sometimes sell some of my bitcoin for my daily needs but not really a huge amount.

I am a holder and I am proud about that.  There is nothing can make me sell all of my bitcoin :D Many people have criticized me cause I put too many trusts on bitcoin but now, they have to regret not buying bitcoin :D The price of bitcoin has just surpassed $4000 and many sights show that it will keep increasing its price in the next few days. Hope that we will cross $4000 before September :D

im using bitcoin to buy some alts coin. and safe it for month before the alts going pump up. it was fun actually and have a lot of patient.

It is better to be a holder of bitcoins instead of a seller. Bitcoins prices are rising up at present and many are of the opinion that it will touch 4000$ before the beginning of New Year. I think, investing in bitcoins and increasing them is actually better than both, holding or selling out.