Fear smells just like money.
Cool! I will agree with you. August 1st is something that should be cherished rather than feared. I don’t know why people are too much afraid of this. August 1st is going to make bitcoins more important and valuable than ever. Bitcoins are definitely taking ride to moon in the coming months.
You are right, this will turn to a more formidable Bitcoin in the long run, though people can't help but panic at times like this because there is actually possibility of losing money or drop in value especially those not having very deep pockets.
August 1 didn't give too much impact on BItcoin Price which is in contrary to many users here speculation. Besides that, BTC price keeps strong and never out of range of 2600$ below.
Yup, volatility was disappointing considering the August 1st predictions. However, I don't think we are out of the woods yet. I don't think the major fundamental threat was BIP148/BIP91 nor Bcash.
I think the major fundamental threat is the Segwit8x fork in November. That has the backing of many major Bitcoin companies, exchanges and miners. They have a lot of marketing power. So I think this could cause a
real network split in November, which could have lasting implications. And this is also a reason for market uncertainty now.