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

[Hydrogen]

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?

 

[Xester]

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?

 

I have no diversified investment since my bitcoins were only in a handful amount. What I did was to convert it to our local cash and if another price drop occurs I will convert it back to bitcoins. But sad to say instead of bitcoin going down it spiked up a bit. I was sad but I was also happy since bitcoin has recovered its value slowly. But just like me other bitcoin investors have shifted into Ethereum and DASH due to fear of bitcoin crash.

[severaldetails]

I think that is really the main problem when a fork happens with a two strains outcome.
People will leave and never come back.
Because they do not know what to think of such an event, most will lable the situation as 'lesson learned' and switch back to good old fiat.
And when bitcoin goes, the alts will follow. I would not want to be a miner in such a scenario.

[Dude.Lebowski]

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?

 

No

I diversify anyway. 5% Monero.

[OmegaStarScream]

It's probably to switch to fiat as altcoins are very unpredictible unless you want to continue investing of course, If you have large amounts then using USDT (Tether.io) could be a great way to make quick transfers on exchange without the need of doing any kind of KYC verification.

[Juggy777]

Your question is a genuine one. So far I have decided not to touch my btc, irrespective of what the future may hold. Coming to your question, people are already cashing out of Bitcoins. They are moving into alt coins, monore is the most sought after coin now. Then even ether is gaining momentum. However monore is topping the list so far. So if you are worried maybe buying monore makes sense, or eheterm. Though I will clarify I neither have brought both, I am taking a risk with my btc.

[Jet Cash]

I must be mad, but I'm about to list a bunch of domain names for sale, and I will stipulate that payment is to be by Bitcoin with no alternative.

[DomainMagnate]

I am very confused and haven't made up my mind yet.
I think if I have to get rid of btc,I would go for ETH but as I said I am undecided when to do this.
Anyone got any suggestions what is the right time to switch?

[NorrisK]

I have deiversified since the beginning.

It is never smart to hold all your eggs in one basket. Regarding crypto this means it is spread across several altcoins I think are promising. In general, this means I also hold a normal savings account and an investment account for stocks and investment funds.

[BitcoinHodler]

NO.
i have invested my money and i have diversified my money, and i am not willing to change the percentage of that diversification that much. it may chance up to 5% at times but this is not the time.

i have invested in bitcoin, gold, real estate (house), and some in altcoins and i have always been this way. and at times like this when bitcoin price drops i up the percentage of my bitcoin investment to buy more cheap coins. and when things are normal again and stable i bring it back to normal comfortable percentages.

[jakelyson]

No. If hard fork continues, we will have coins on both of them, so I will just wait in which of them will come on top. Or if it follows ETH path with ETC still alive, I will have both coins and hold on them both. It is just like double your money in an instant. Though I do not think it will have the same high price if it did  not fork and just resolve their problems.

[amacar2]

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?

Best would be diversify your holding into multiple crypto like ETH, DASH and ZEC etc when there will be hard fork or you can simply convert your bitcoin into fiat and wait till dump get over to buy back cheap bitcoins.

However i don't think there will be hard fork in near future, even if it happen we will get free BTU (another altcoin  ) to trade.

[naughty1]

Bitcoin branching is a problem that is very annoying in the present moment, which greatly affects the value of bitcoin. I never expected such a thing to happen. Clearly, proponents of bitcoin unlimit want to find a profit for them, which is a personal thing, which is not good for the community using bitcoin. Without a resolution, I'm afraid there will be a lot of people leaving bitcoin, and they will never come back, now there are alot of growing and being loved by so many people, bitcoin are Lost in the competition with the alt coin it. The worst is what I can see at the present time.

[meemiinii]

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?

 

I have no diversified investment since my bitcoins were only in a handful amount. What I did was to convert it to our local cash and if another price drop occurs I will convert it back to bitcoins. But sad to say instead of bitcoin going down it spiked up a bit. I was sad but I was also happy since bitcoin has recovered its value slowly. But just like me other bitcoin investors have shifted into Ethereum and DASH due to fear of bitcoin crash.

yeah right. me either.. but lucky are you for you have converted it maybe in time just before the price of bitcoin dropped so hard. i had mine when its too late. but instead of panic selling, i just hold my bitcoin and i know it will surely recover in no time despite of all the issues nowadays. moreover, since the price is not yet as i was before these BU news arrived, i just enjoyed trading ETH, DASH and other cryptocurrencies so that i will have more profit and more bitcoins while waiting for the next price increase. j

[Red-Apple]

i have said it probably a couple of times in other topics which were asking what will you do in case bitcoin dies and it was even before all this drama and i say the same thing here.
in case bitcoin fails some day i am not foolish enough to switch to an altcoin that is crappy, centralized and full of bugs and even 80% of them are copying bitcoin code!

[Kprawn]

A lot of people are running towards Dash & Ethereum, but I will not abandon this project based on rumours. I already own a little bit of other

coins, but I will never go all in on Alt coins. { Most of them are pump n dumps and scam coins. } I think most of these runners will soon learn

that they acted prematurely. A hard fork is in any way, not the end of the road... but just the beginning of a much stronger coin, with better

features... depending on the route you chose.. 

[unamis76]

I'm diversifying less and less... In my opinion it's starting to get more risky to diversify. The risk of a fork raising issues isn't as much as having the eggs on other bags...

[BrewMaster]

i prefer staying away in case of a fork. so i will keep all the coins that i have in cold storage and stop thinking about it. probably i am going to come back after things settle down.

although i serious doubt we are going to even see that day.

[Catmony]

Diversifying right now can turned out to be quite risky because there is FUD and HYPE everywhere and it is quite hard to predict in which way market will move. Dash, ETH and ZEC had pumped really hard lately so we may see another big dump within few days if bitcoin price bounce back to 1100$+ price.

[cryp24x]

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?

 

I will not spend my Bitcoin when there is an incoming fork.  One reason is that if fork happen and two chain became alive, I might have double my Bitcoin.  I guess diversifying this early because of the rumored fork is nonsense.  People who wants to get cheap bitcoin will use all their tactics to put the price of BTC down and enjoy buying it at the lowest.