Bitcoin holders, are you diversifying in case the fork proves catastrophic

[user27]

Is anyone using their btc to buy cars or houses in case the BU fork hits bitcoin hard?

Maybe converting btc to fiat or another crypto?

If you held bitcoin, how would you diversify your holdings to keep them safe in the event the hard fork forks things up?

 

Diversification is the best way to preserve your wealth over time in my opinion. Whenever there is something major going on I am never sided with either side but rather just try to hedge against either side and keep the value of my balance the same.

I would keep 50% BTC, cash out 50% fiat.

That way if bitcoin rises you’ll still make half the profit that you may have gotten if you haven’t sold your bitcoin for fiat at all, but if bitcoin falls you only need to cop half the losses.

[bitbunnny]

Never keep all eggs in just one basket, that is the golden rule. So diversifying is the good choice with or without fork. I don't know what is actualy going to happen, I don't think anyone does but I hope for the best. Still, it's good to decide before what and how are you going to do with your coins.

[xypos]

Is anyone using their btc to buy cars or houses in case the BU fork hits bitcoin hard?

Maybe converting btc to fiat or another crypto?

If you held bitcoin, how would you diversify your holdings to keep them safe in the event the hard fork forks things up?

 

Personally, I’m not going to sell any coin right now.

We have seen bitcoin rise over $1250 and stay there for a long time, I don’t think anyone should doubt bitcoin’s ability to perform as an investment.

The hard fork is going to make both the value of BTC and BTU drop, sure, but the value of these two forked coins added up should be around the same price that bitcoin was at before the hard fork happened.

I wouldn’t worry about it right now to be honest, especially if you have less than 10 BTC.

And no, i've got no money to buy cars and houses unfortunately

[pooya87]

you have some money, you think about the risks then if you accept them you invest. meanwhile you look at multiple things to invest in to diversify and maximize the profit while keeping the risks spread and manageable.

if you are going to constantly fret about smallest of things about each of your investments and think about kill switch on each of them then it is best if you don't invest at all.