Bitcoin Forum

August 1 is approaching

Bitcoin will split

I transferred all my Bitcoin to Monero for the upcoming rise, then back to BTC in October

I like Monero, you know, but such a poor opening post (coming with someone with your name, no less  ::) ) is not exactly what I would call informative. Reporting.

Thank you for the valuable feedback. I welcome newbies in all of my threads.

So if I am getting it correct, just cause Bitcoins may and I am not even sure it will spilt you decided to shift out of Bitcoins for a alt? Instead you could just have put your money in electrum, sit back and forget about Bitcoins spilt or no split. This way you yet have your coins and how are you sure that monore shall rise, and that bitcoin may or may be close to where you sold them. It's a very risky move, in case you haven't done, just shift to electrum and sit tight.

we don't know whether bitcoin will split or not. you are just making an assumption. in fact the chances of a bitcoin split are very poor in my opinion.

and besides, if you are afraid of losing money this much then go back to fiat. it is a well known fact that when bitcoin falls it takes all the altcoins down with it. and we have seen in the past few days, bitcoin went down 8% and altcoins dropped 20-30%

One shouldn't transfer his/her crypto assets now, we are 17 days far from August 1st. The FUD, which will be created on the days just before August 1st, will make alternative coins/tokens price crashes dramatically, that is the right time to transfer.

whenever there is a drop in bitcoin simultaneously a drop seen in altcoins as well. Why not get things offline rather than investing in another risk

That is a good idea and actually I am doing the same right now. Monero is a stable coin and I kept on mining it since 2015 and i havent experienced a huge price downfall with monero. But I did not converted my btc into monero but instead I traded it to LTC. I believe that Litecoins will increase on value on August 1. In my opinion Ethereum, DASH and litecoin will be the coins that most of the btc holders will migrate into and thus I can sense a huge profit coming with my investment in Litecoin. But of course I am holding some monero on my wallet and I am not yet selling it since I am waiting for a huge spike before I will sell it.

rather buy fiat than dabble in monero again.. fluffy pony is crazy.. good coin tho

I don't hold any bitcoins (any significant amount that is) but If I were to have unlaest 1BTC, I'd be selling 50% and keeping the rest. That's the best move I'd be taking, just in case.

Right now converting bitcoin into fiat currency is really bad idea because we don't know what is going to be the price after the August. Because again we have to buy them at higher and transaction fee, if we convert them to any other currency which is workable then we can easily convert them to BTC. OP did a right job Monero has a great future.

it is actually not a bad idea either. going all out is stupid.
the risks of a split and a big drop are rather small but they exist. this means if you think you have a lot at stake then sell some small portion and keep the rest but if you don't have a lot of money at risk (hav <20BTC) then holding it is a better idea. since it can easily go up with a higher chance and you will be left holding nothing

Nonsense!
Stop shilling altcoins here!
Furthermore a split is far away from being set in stone. Probably more very unlikely imo!
Pretty lame attempt to scare people out of their precious Bitcoin!
At least you should have given a few reasonable points why you think the chain will split.

And lets assume it will happen, I'm pretty sure Chinacoin, Jihancoin, Corporatecoin or however you wanna call it, will be a big nothing burger! Hashrate alone without a majority of users is worth nothing. It goes like this: users -> demand -> price -> miners!
And not the other way around!
So I say let Jihan and Shilbert make as much noise as they want. I don't care!

at least next time you want to advertise an altcoin because you are bagholding it, do it with an account that is not called "moneroman"! use something that is not too obvious you are shilling :D

Maybe the author does not try to advertise the alt coin. He's just a beggar and is looking for someone who will give him the right advice. I also made many mistakes before.
Concerning the date of August 1, it seems to me that we hear a lot of rumors and many of them are exaggerated

All my holdings are now in Altcoin and I am not going to sell whatever bitcoin or Altcoin I have.Instead of fueling the bearish market, we must have patience and stay positive.

save fiat!

but mostly holding in altcoin with have a great future. like ETH and XRP.
 

Bitcoin will NOT split and it will NOT scale.
Bitcoin will remain the same as it is today for the next 6-8 months. I.e. Status Quo

This August 1 segwit implementation is a hot issue among us bitcoin holders and earners. It sent the bitcoin price downward in my opinion because of the uncertainty after this implementation. Some are in fear that they convert to fiat for sure hold of their money. Also me, I just buy stable altcoins :) Still I do believe after this brouhaha, bitcoin will recover. Just think positive.

Switch Bitcoin to an altcoin. Genius!

In this case, I'll follow your step but I choose currency ( $ ) not cryptocurrency. My opinion currency has stable volume and price action today, not like btc with all speculation in this month make me lost faith. For me, bitcoin is a good investment even has lower price today. I hope it will rise up again next month. Good luck.

You gonna get rekt, alts are going to be squeezed, liquidity will dry out, people are going to move to bitcoin as august 1st approaches.

https://preview.ibb.co/cEVfLF/alts.jpg (https://ibb.co/mNL2Za)

Do you see where we're going, lower highs, lower lows.

Monero - Pump & Dump progect from poloniex.com
It good but not for investment
-----------------

BITCOIN Q AND A - LAST AND NEW Q`S:

1. SCALING "DRAMMA".

YOU WILL GET BITCOIN CLASSIC (REPLACE GOLD) AND BITCOIN MODERN (REPLACE DOLLAR).
DOUBLE MONEY FOR BITCOIN HOLDERS.

2. THIS https://bitinfocharts.com/comparison/bitcoin-transactions.html DATA SHOW LOWERING.

EXCHANGERS MAKE BIG (IN BYTES) TRANSACTIONS FOR PAY LESS FEE, EXCHANGERS PAY MANY PEOPLE IN ONE TRANSACTION.
WITH FIXED MAX BLOCK SIZE IT GIVES LESS TRANSACTIONS, BUT IS SERVES MORE PEOPLE.

3. WHY SO HI PRICE?

READ THIS: https://pastebin.com/ZUxTmR99

How can you swatches you Bitcoin for one of it alternative coins? I will stand with bitcoin no matter the out come and August 1 is not the first time we would have hardfork issues. I hope they all come to compromise in other to put the Enemy of bitcoin to same.

BTC isn't going to split and in the event of serious problems for bitcoin its going to crash the altcoin market anyway so if you really wanted to sell out you should opt for tether.

1st august means nothing, just segwit will be implemented
hard fork, if will result to BTC split (if!) comes 6 months after
correct?

Not correct, where did you get that information? Moderator theymos opened a thread saying that split is still possible with low possibility. So we can't see something clear about this.

I think before August 1 people will panic and will convert btc to Altcoin or Usd.
Then the Big Whale will grab some btc.
Then it will be normal again.

Yes,in any way the recommendation said by him is that  do not send transactions or trust received transactions starting 12 hours before Aug 1 at midnight UTC and continue this until everybody hear the all clear from several trustworthy sources  if everything is OK he will announce that, or if everything is not OK and action is required He will also announce it,what I do not know is if there is any countdown available for that hour.

For me switching to ETH from BTC will be the best.

I think that the people that use the MLM's and the other scam websites that feature some sort of coin reward program online is attached to the concept of coins splitting.

Altcoins don't do that as much compared to coins on those websites. Bitcoin is not going to split, the price of it may get affected since the people that are holding it are worried that the price of the coin may go lower or it may go higher.

Too long, I hope the storm will end on August 15th. All back to normal and all fear will stop. Many options for securing your assets, I consider the right decision to save bitcoin by buying altcoin.

Talking about bitcoin will split it for sure, but because your own choice of playing it safely exchanges to altcoin.
I think you are a trading player and this is just some kind of coin promotion you like.
So essentially go back to someone who is doing altcoin observations respectively.

We can already wish R.I.P for all the altcoins that won't survive August 1st in case a crash or a really toll on price of bitcoin happens. As we see that altcoin prices are directly dependent on bitcoin performance and we enjoy when there is a small percentage of gain in bitcoin price as the altcoin then gain twice as much, but if the crash or a panic or whatever price disaster happen around August 1st some of the alts will drop so much and people sell them with panic attack, I can see most of them never be able to recover. But maybe that's also an opportunity to pick up some for 1 cent hoping that when everything settle down it will come to high prices again.

I think "bitcoin unlimited" is better than segwit. Yes or not?
Becouse it more undestandable.
Segwit it fail try to prevent BITCOIN CLASSIC existince.
Segwit posible to do with litecoin, becouse litecoin have almost empty blocks, and in fact have zero segwit style transactions.
But segwit imposible with BITCOIN, becouse segwit style transactions will be detected like double spend by BITCOIN CLASSIC miners very fast (1 or 2 blocks) and new blockchain will be regected.
-----------
I think will be all 3 sort of BITCOIN
BITCOIN-CLASSIC
BITCOIN-SEGWIT
BITCOIN-UNLIMITED
And it will start new wave of speculations.
-----------
Exchangers Position:
https://poloniex.com/press-releases/2017.03.17-Hard-Fork/
-------------
Current statistic:
https://blockchain.info/charts/bitcoin-unlimited-share
https://blockchain.info/charts/bip-9-segwit

Miners have low acceptance for bitcoin classic, what about exchangers?
Current support of exchangers and prices will completely change the distribution of miners.

Buy the rumor and sell the news, does that sound familiar?
Personally I think we're seeing a lot of smoke but no fire. (Remember how the world was going to end on new years eve 1999...) Get your BTC out of online wallets before 1 Aug and wait for the dust to settle.
Since altcoins seem to follow BTC but with greater volatility, I wonder if there is any real upside to be found?
Myself, I'll probably just wait it out, cross my fingers and hope for a beneficial outcome in the end.

Are we still having to talk about the possibility of bigger blocks in the altcoin forum because any bigger blocks than 1MB that are not sanctioned from Thermos are "not the official bitcoin"?

Fucking bitcoin spamming the altcoin threads when we are already second class citizens  ::) ::) ::)

lol why you did this, just keep them locally and you won't have any problem, if you fear, to lose your money dump for fiat now and buy cheap bitcoin, there is no reason for me to buy shitcoin, bitcoin will be back on august 2


no hard fork is done by faggot from bitmain that want their own coin because they are anti segwit

Have all answers.
Easy topic:
https://bitcointalk.org/index.php?topic=2007635.msg19988238#msg19988238
Complex topic:
https://bitcointalk.org/index.php?topic=2018878.msg20119234#msg20119234

Wow, just wow!
I'm going to try and be civil here and calmly make it known that I'm of a very different opinion than what is offered in those threads. Especially when it comes to the talk about gold and stuff. May I offer a friendly suggestion regarding the precious metals? RTFM!

Only stupids are dumping their coin.Nothing will change after August 1 if anything will change it will be the financial status of holders because btc will be $5k

yes i think so, i transferred all my Bitcoin to etherum while the price is still low, the coin has good prospects in the future,  ;D

Monero going dow!

https://preview.ibb.co/d01i7v/xmr.jpg (https://ibb.co/bSQAnv)
free photo hosting (https://pt.imgbb.com/)

Sharma
Is it really like that??
I do not believe that
As I read 1 August there will be a coin split

On august 1, bitcoin will split which the bitcoin will turn into two or slicing it as what I have heard. So it has a possibility to affect the price bitcoin will decrease and that is normal. We should be wise on how to depend on it, some people exchange bitcoin into other altcoins some also are withdrawing it then when is already in the dept they will convert again on it or cashin on it because they know it will rise again.

I agree with you nothing will change, this is all about speculation. I really don't care about it.

yes i agree with it on august 1 bitcoin will split in half if you don't have hard wallet to transfer it maybe the best thing to do is to buy altcoin or you may want to withdraw it if its not to big at all. Taking precaution on August 1 is all we can do not they say that after the segwit put to Bitcoin we still wait until the integration is finish so it may take a week or who even a month we still don,t know.

in my opinion the price altcoin is directly dependent on the performance of the bitcoin and we can enjoy when there are a small percentage of the price obtained bitcoin as altcoin then the gain doubled, so that if disaster or panic prices whatever happens around August 1, some of the Alt would drop so much so that many people are selling it with the panic attacks, I believe most of them could never recover. then it's an opportunity to pick up some for 1 cent and hope everything is settled down it will come back to high prices again.

Everyone is scared of this coming August 1 what's the best way to prepare for cash out or prepare for investing

Good decision you select a good coin to transfer your bitcoin but my advice is that do not invest all in one altcoin try to distribute in 2 or 3 good and solid coin to decrease the amount risk. I also did the same I transfer my bitcoins to Litecoin, Dash Coin and Monero coin because these are the 3 I like the most.

Hilarious talk..

Answer really simple....



Litecoin..

I mostly hold Ethereum and Bitcoin. I also hold some altcoins. All of my coins have gone up in value and I still have all of them because I like to hold them like that.

Funny to watch people caring so much about august 1st while Segwit is already accepted by most of the BTC miners.
Nothing is going to happen, everything is all right.

Monero is falling while Bitcoin is recovering. Bad idea.

You might have noticed that alts will fall much more than BTC in the last sub 2000 doomsday, so try to edge btc with alts might not be a good idea in the end of world scenarios

That's a very good decision. I also do the same thing.

Ill risk it all to BTC and pump it up if needed

That's pretty tough decision you have got there. Monero is very good asset but an altcoin after all. You shouldn't have transferred all of the bitcoin in one instant, instead you could have chosen a wallet like electrum to x amount there and the rest one distributed over Monero and ltc. This increases your odds of not getting victimed in the split situation.

Honestly I have no real idea of what to do as it is still a couple of weeks away and a lot of speculating can happen between now and then. But one thing is for certain

a) have a gameplan
b) do not panic cause
c) shits gonna hit the fan, one way or another ;)

Are we going to see the same prices again like 2 days ago? I shouldnt have to wait too long to buy :/

it's no doubt, it's dump timing on august 1.

ALtcoins or BTc that is the ?

so basically it is safer for you to convert btc to an altcoin in preparation on the upcoming august 1?so logically it is safer if you scater your btc to other altcoins too. that sounds good minimizing the risk

August 1st will be a day to remember. Guys protect your coins (protect your bitcoin private keys) And remain cool. And MOST importantly do not do ANY transactions during the possible chain split on August 1st.
Wait for the dust to settle for a week or 2 before doing any large payments on the bitcoin network.

I researched enough i dont take any decision i will keep my bitcoin as it is and i will keep my Private key and Paper wallet if split happens i can able to choose the split as far my understanding if wrong please correct me .

Hold your private key and btc in your wallet.

I like only BTC not split, All coin with split is no good for member! I thinks so

no lol, buying altcoin now that every altcoin is dumped, is the dumbest idea of all you will lose all your coins in a matter of minute, just hold your bitcoin until all this dust come off, i-m removing all my bitcoin for trading on various exchange, but i don-t think everyone will do the same or all the exchange will be empty, i wonder about how they will protect their bitcoin on exchange now without missing the opportunity to buy cheap altcoin

im cannot imagine what happened this coming August 1 it so near now. its time to get our own coin? or waiting what happened this change?

LOL, didn't you 'transfered' all your Bitcoin to Monero?

You're lying or REKT.

But don't worry, Monero is solid, eventually you'll get your money back and then some.

In my opinion , bitcoin will grow up more than 5000$ after this "fork" , also John McAfee , the founder of McAfee antivirus security replied to a user "If bitcoin will not reach 300.000$ in next 3 years , I will eat my di** on national television "
See the source: https://twitter.com/officialmcafee/status/887012614131372032

Also I agree with his opinion bitcoin will grow up

Instead of putting your BTC for buying some altcoins why not sell and buy again after Segwit in August 1.  Many people predict Bitcoins is drop near 50% in Price this July to Mid August then slowly up until reaching 3000$ stable price so Take advantage on the Date bitcoins drop July to August and buy Bitcoins Again. This is just my opinion based on what I read so it's up to you.

Good decision, dangerous to store BTC in wallet at this time, should save in wallet offline. Or invested in altcoin like you. It's safer. September will return to normal.

 ;D
I agree too, but 300 000$ for 1 BTC - I don't think so.Time will tell.

will the proce going down or up ?

3 years is a long time though, I obviously think that increase is too insane as well but who knows.

I think he really invested a lot of money with bitcoin to say that, well that gives confidence to us investors as well
as big name are trusting bitcoin will make big progress in just 3 years.

The 1st of August is coming. From which information will come the bitcoin split?

Probably a lot of people are looking for "safe haven" from bitcoin so it's going to be really intersting to see what happens

Hopefully your opinion is correct ,,
Seeing bitcoin prices that are not as stable as many predictions will break,,

Bitcoin is locking in SegWit in about 12 hours, that means it WILL scale.

We are hoping for that, we do not like the splitting in bitcoin but much better to do safe way before that day comes since there are bad speculation on the price of bitcoin i choose to withdraw my bitcoin before august 1 comes. What ever happen i do not be hurt for my decision.

And you are so sure about this because?  ::)
Bitcoin won't split.
You probably bought altcoins and now price is going down because everyone is exchanging them to bitcoins and you don't know what to do and you are trying to scare people to buy altcoins so you can sell them.

There will be no Bitcoin fork .. It's just a miner's poker game.

SEGWIT will be locked, and the price of the BTC and therefore of the altcoin will go up ..

And all the people who have been afraid of the fork will bite their fingers ..

This is just the manipulation of the market .. A bitcoin fork would have been an economic madness .. the power of economic stakes is too big today for bitcoin!

A fork was unthinkable!

I agree your opinion
Hopefully it can be real.

It is not final that the bitcoin will split, if segwit implemented, Bitcoin will remain the same and then everything work smoothly like before and btc goes to moon again.

But you can save in safe wallet, nothing is safe then official wallet.

What are all afraid of on August 1? I think nothing terrible will happen. The market will not collapse. Someone will lose, some will gain ..

The point is to gain, not to lose... Okey, if you believe in BTC, keep holding your BTC, in fact, it's the same as believing in God... The problem is, God will not make you profit in this scenario... The 1. of August is coming in 11 days, the price will fluctuate (currently is in an uptrend) based on the miners decision about BIP91... When it will be 90%, some may lose their belief, some may shift their assets into alts, some may still hold their belief... Choose one, but what's important: don't stay, watch and do nothing

Glad to see people who always share positive things, I am with you. Although never knowing what will happen in the future.
Hopefully the storm soon passes

aug1 is coming. i've transferred mine to eth. is it worth tho?

not sure if BTC would split. it's just an assume.

Do not imagine ,, for now it's better we monitor first the market ... if there is panic again, take that moment to collect more altcoin that you think is good. August 1 will pass beautifully

Have all answers about August 1, read my signature.

How many people are going to take advantage of an event that has little or no effect on anyone? This is a soft Fork not a hard Fork it cannot hurt anybody at cannot split the coin.

You must read this https://bitcointalk.org/?topic=2007635 more carefuly

That action you took is belated by now. No such thing will happen.

Please read my latest on Segwit here:     https://steemit.com/segwit/@ebenezer/segregated-witness-segwit-of-bitcoin-simplified

Fake news.
Read this:
https://bitcointalk.org/?topic=2007635

i don't think that's a good move, i somehow check monero and i merely like it but as i observe the movement of bitcoin. it's going high i am betting on btc pump after august one but definitely no one knows what will happen. but whatever happens good luck to all of us.

But the mentality of trader still fearing with Bitcoin SegWit2x, and the whales not skip this opportunity for create panic and bloodbath market in next time, they know most trader can't keep calm and very panic when the price of crypto holding crash more

Why do you people still afraid for this event? It will not hurt you nor hunt you while you were sleep. Not everyone of you will likely to lose their investments either, so someone is trying to stop this Segwit2x. Panic is just normal since bitcoin is not really stable when it comes with the price because of the volatility. All you have to do is wait if you can't do nothing about of this August 1st event.