Should long term holders sell before August 1st?

[lumeire]

Well as for me, I'm expecting for a major price move. Already cashed out a couple just to be on the safe side.

[Silberman]

You are absolutely right, that's what people are starting to create a panic for those who will buy at a cheap price Bitcoin. But I too will take advantage of such moments and will wait for it to boil.

People aren't so easily to fall for whatever form of trolling or fud. Those that do end up believing that nonsense and start selling as result, are complete noobs. People can spread as much fud as they want, it won't affect the market at all if it isn't coming from the more well known news sources, or any other high level person. Just look at how desperately kwukduck has been trying to convince people that Bitcoin is fundamentally broken -- just look where the market is standing today. Nothing that happens on this forum will ever trigger the price to tank significantly, just forget about people spreading fud to buy cheap coins. This isn't the altcoin section.

True but that does not mean that FUD can be a very effective weapon especially in markets that are not very well known, in coins like bitcoin, FUD is becoming ineffective, due to the size of the market but when it comes to altcoins someone may crash the market by spreading FUD and then take the opportunity to buy cheap coins after the market crashes.

[skorupi17]

Being a long term bitcoin holder i am little scared.some people are even saying bitcoin might fall to zero after August 1st.is that even a possibility?should i sell my bitcoins to cashout profits and wait it out? or should i keep holding? i want to hold bitcoin for another 4-5 years.so if the bitcoin prize falls after August 1st which is a very high chance then will it ever recover? what's the safe thing to do?

Well instead of thinking about selling your Bitcoins, it is best to just hold it much longer. However if you are afraid of what might happen on the first of August then do some safety precautions and keep your wallet safe at all cost. There are guides out there that will help anyone, including you of course, on how to safely keep your Bitcoins. Refer to this link. https://bitcointalk.org/index.php?topic=2017191.0.

P.S.
HODL!

[withche.07]

I think it might be good to sell some coins.. It is too dangerous. There are safe havens like ethereum so they can go there..

[Silberman]

I think it might be good to sell some coins.. It is too dangerous. There are safe havens like ethereum so they can go there..

I do not think there is going to be a safe haven, if bitcoin crashes I think all the cryptocurrencies are going to crash with it since confidence in bitcoin will being to erode too quickly and people will panic and will sell their coins at whatever price just to be able to get away from the crash, you are still on time, you get out of the cryptocurrency market or you hold and wait for things to calm down.

[sailman]

There are too many big investors, big money high profile investors, countries and %1's in it to fail. It's hit mainstream. It's not going to fail because there's too many connected people in it. Buy bitcoin if you can.

[recklessMe]

People always fear uncertainty and fall into panic, when things are not going their way. It would be inappropriate to give you a particular advice, because cryptocurrency market is unpredictable. No one knows, how bitcoin will respond to new improvements. It may go up as well as down. I tend to believe that the market won't be much affected after August 1st. At least with Litecoin it went pretty well.

[lukmandog]

For me doesnt seem. Because 1 Aug little effect on bitcoin prices in market. I still hold bitcoin because i think bitcoin exchange rate still continue to rise.

[albertvert]

I think it might be good to sell some coins.. It is too dangerous. There are safe havens like ethereum so they can go there..

I do not think there is going to be a safe haven, if bitcoin crashes I think all the cryptocurrencies are going to crash with it since confidence in bitcoin will being to erode too quickly and people will panic and will sell their coins at whatever price just to be able to get away from the crash, you are still on time, you get out of the cryptocurrency market or you hold and wait for things to calm down.

Bitcoin is the King of all altcoin. It price may vary day to day.But upto know ,their is no altcoin will replace the bitcoin. Due to trading, inversing and some factor, the price may vary.Many use bitcoin for their Online transaction ,purchase. If this continues mean.On one fine day,bitcoin will replace the dollar. Atlast replace entire paper currency from the society and make the bank no more.Long term bitcoin holder can sell their bitcoin after second week of August.

[Zenithar]

People always fear uncertainty and fall into panic, when things are not going their way. It would be inappropriate to give you a particular advice, because cryptocurrency market is unpredictable. No one knows, how bitcoin will respond to new improvements. It may go up as well as down. I tend to believe that the market won't be much affected after August 1st. At least with Litecoin it went pretty well.

i think those peple who mostly hold their bitcoins for long term investment. then they most keep them in safe places, llike in desktop wallets therefore i think bitcoin are safe there and they do not need to sell their bitcoins, because i do not think that the price is not going to dump anymore still bitcoin has a very strong support. and they are not letting the price to fell down anymore.

[Pleione527]

I don't think that will gonna happen..bitcoin will not fall...I believe what will going to happen is just a part of proper appraisal for bitcoin...it's very unpredictable but as we can see bitcoin is somewhat stable cryto currency it's getting more popular and the demand gets higher..i still believe that holding bitcoin for long term investment will benefits the holder and it will increase to $4000 to $5000 before the end of this year

[Jewell]

I don't think that will gonna happen..bitcoin will not fall...I believe what will going to happen is just a part of proper appraisal for bitcoin...it's very unpredictable but as we can see bitcoin is somewhat stable cryto currency it's getting more popular and the demand gets higher..i still believe that holding bitcoin for long term investment will benefits the holder and it will increase to $4000 to $5000 before the end of this year

yes i am also hopeful that nothing like this going to happen. i am sure that bitcoin price will continue increase and very soon we will see the price trading above 4000$. i think that 1st August even will not effect the price of bitcoin too much, i think very soon after 1st August people will get their confidence back and they will try to invest money again in bitcoin.