Is August 1 a good moment to actually become richer or poorer?

[Sniper44]

if a chain split happens nobody will get rich and we all will lose a lot of money because there will be a lot of FUD and followed by a lot of panic sells. not to mention all the manipulations that during times like this happen by the whales!

the only way to get rich is if there were no chain split at all. and we will get rich because Segwit will be activated that way and we can finally put this blockage behind us.

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[cellard]

if a chain split happens nobody will get rich and we all will lose a lot of money because there will be a lot of FUD and followed by a lot of panic sells. not to mention all the manipulations that during times like this happen by the whales!

the only way to get rich is if there were no chain split at all. and we will get rich because Segwit will be activated that way and we can finally put this blockage behind us.

If UASF wins then there will be no split, so what miners need to do is to either activate segwit before UASF happens, or support UASF with 51%+ of hashrate so the legacy jihancoin dies and the better coin (BIP148) lives, this way there is only 1 chain again and BTC remains BTC with segwit enabled.

[Red-Apple]

...

1. No one is forcing, or is it everyone is opposing, doublethink.

well it is my understanding that this BIP148 is a rushed decision forcing the segwit activation to happen.

2. UASF, soft fork is much better option than getting a hard fork involved and probably collapsing everything, there might be a split, but still a major chance to recover.

what hard fork? as far as i know SegWit has always been a softfork!
but this UASF has a much higher risk of splitting the chain and collapsing everything than any well thought and with majority support fork has. and that is a big risk, specially when the price (subject of this topic) is concerned.

3. Scaling means risk, it is the foundation of what BTC or any other crypto is. You do not want to scale, stagnate your growth, it's cool, but see bitcoin does not have that choice, supply and demand does not  come with much choices.

not at all. scaling doesn't mean risk. look at Litecoin. it activated segwit without any problems.
it is forcing the scaling that is risky and the more you insist on a fork with small amount of support the higher the risk will be.
why do you think SegWit activation target is set to >95%?

4. We/not mine your we/failing to grasp important matters/is suicidal for your thought process.

sorry i don't understand this sentence

Chill buddy.

i can't when i see support for UASF
- from nodes is very small
- from hashrate is very small
- from developers is also small. (many of them are against it!)

[Sniper44]

if a chain split happens nobody will get rich and we all will lose a lot of money because there will be a lot of FUD and followed by a lot of panic sells. not to mention all the manipulations that during times like this happen by the whales!

the only way to get rich is if there were no chain split at all. and we will get rich because Segwit will be activated that way and we can finally put this blockage behind us.

If UASF wins then there will be no split, so what miners need to do is to either activate segwit before UASF happens, or support UASF with 51%+ of hashrate so the legacy jihancoin dies and the better coin (BIP148) lives, this way there is only 1 chain again and BTC remains BTC with segwit enabled.

i do really hope so.
but my main concern is that SegWit which everyone supports couldn't get more than 35% (give or take) of hashrate support.
now how can UASF which has so many not-supporting it gain 51%+ of hashrate?

[Iranus]

Its not necessary that if bitcoin goes down then other altcoins will go down too. Perfect example of it is etherum. Its still going up while btc is gone down.

are you delusional? or maybe you don't know the meaning of UP and DOWN? if so i suggest looking them up in a dictionary!
in the past week ethereum has dropped down more than -30%
and meanwhile bitcoin has been rising up about 25% in the same time!

What are these claims, "alternative facts"?

7 days ago the Ether price in US dollars was ~$150, and now it's ~$220.  Meanwhile, the Bitcoin price of Ether is up as well, from ~BTC0.074 to ~BTC0.088.

This is publicly available information.  Maybe you should check it before posting.

and also by the time bitcoin came down from $2700-2800 ATH it was the same time when ethereum was getting dumped hard so the drop was also at the same time!

This is true, but misleading.  The Bitcoin and Ether prices went down a similar amount and continued going up again together.
UASF time will be bad for the Bitcoin price in the short term and good for it in the long run.

UASF happening soon --> newbies get confused/annoyed and move to alts --> alts price rise --> FUD about Bitcoin --> alt rise stagnates as all new money has moved out of Bitcoin --> people realise that Bitcoin is now convenient to spend again --> money moves back to Bitcoin --> press stories positive about Bitcoin --> further growth

[Fredomago]

Share your views if a BTC fork takes place. Will you invest in the cheapest one? What will you do?

I still think if Bitcoin goes down altcoins will go down with it; people will turn to buy gold again

I'm not sure if there will be a fork. But if there's one and Bitcoin goes down, then some of the other worthy alts will go UP. Because people aren't gonna just leave the crypto world, they're going to switch to better alternatives (And it may very well be a forked BTC). Choose your own alternative.

sure that there will be an alt which will rise even btc will fall down, as we seen some alts are hyping while btc value is rising up too
its no longer the same old days alts now have its own identity and they have different ways to showcase their project just needed to make
proper research and good timing.

[crazyivan]

There has always been and will always be only one BTC. The rest has always been and will always been alts.

So don't create FUD, we ve seen this before and guess what BTC s still there strong and growing, day by day.

Also, I don't think it ll take place August 1, it s too soon.

[MiF]

Share your views if a BTC fork takes place. Will you invest in the cheapest one? What will you do?

I still think if Bitcoin goes down altcoins will go down with it; people will turn to buy gold again

Don't really think that if bitcoin goes down all of the alt-coin will go down too,
We already see it when bitcoin price drop down sometimes the alt-coin sometimes pump ups.

[mrfreezeh]

Share your views if a BTC fork takes place. Will you invest in the cheapest one? What will you do?

I still think if Bitcoin goes down altcoins will go down with it; people will turn to buy gold again

At the same time, everyone is in the big bubble of the cryptocurrencies market, and there is a certain condition to break the bubble. Time is the best time for you to buy cheap cryptocurrencies and keep it for a long time.

* Note: Make your profit when the currency you invested at the peak before that time

[lemipawa]

If price of Bitcoin goes down on August 1 I would take advantage of the oppurtunity buy at low price and I will not sell my coins and wait for a good price before I let it go. I see a lot of positive things about Bitcoin that cam help its current price to be stable to what it is now or help the price to go up.

[LodisMcguire]

Its not necessary that if bitcoin goes down then other altcoins will go down too. Perfect example of it is etherum. Its still going up while btc is gone down.

are you delusional? or maybe you don't know the meaning of UP and DOWN? if so i suggest looking them up in a dictionary!
in the past week ethereum has dropped down more than -30%
and meanwhile bitcoin has been rising up about 25% in the same time!

What are these claims, "alternative facts"?

7 days ago the Ether price in US dollars was ~$150, and now it's ~$220.  Meanwhile, the Bitcoin price of Ether is up as well, from ~BTC0.074 to ~BTC0.088.

This is publicly available information.  Maybe you should check it before posting.

and also by the time bitcoin came down from $2700-2800 ATH it was the same time when ethereum was getting dumped hard so the drop was also at the same time!

This is true, but misleading.  The Bitcoin and Ether prices went down a similar amount and continued going up again together.
UASF time will be bad for the Bitcoin price in the short term and good for it in the long run.

UASF happening soon --> newbies get confused/annoyed and move to alts --> alts price rise --> FUD about Bitcoin --> alt rise stagnates as all new money has moved out of Bitcoin --> people realise that Bitcoin is now convenient to spend again --> money moves back to Bitcoin --> press stories positive about Bitcoin --> further growth

UASF time will be bad for the Bitcoin price in the short term and good for it in the long run.


well if you trying to become richer,do buy the bitcoin in this short term
but for now,anyone who doubt about stability of bitcoin in Aug 1,move to alt for now and wait for the storm to subside

[White sugar]

Share your views if a BTC fork takes place. Will you invest in the cheapest one? What will you do?

I still think if Bitcoin goes down altcoins will go down with it; people will turn to buy gold again

why august 1? from what i know crypto are best pumped in winter and not in summer where everybody take a vacation, and use the profit for that, it's better to wait november to become rich, now it's time to invest in some alt and dump them on winter after the pump, there are good alt to invest now, my target are DGB and spreadcoin

1 August is the deadline for Segwit be activated, or some other final deadline that I can't remember exactly.

[krishnapramod]

...

1. No one is forcing, or is it everyone is opposing, doublethink.

well it is my understanding that this BIP148 is a rushed decision forcing the segwit activation to happen.

2. UASF, soft fork is much better option than getting a hard fork involved and probably collapsing everything, there might be a split, but still a major chance to recover.

what hard fork? as far as i know SegWit has always been a softfork!
but this UASF has a much higher risk of splitting the chain and collapsing everything than any well thought and with majority support fork has. and that is a big risk, specially when the price (subject of this topic) is concerned.

3. Scaling means risk, it is the foundation of what BTC or any other crypto is. You do not want to scale, stagnate your growth, it's cool, but see bitcoin does not have that choice, supply and demand does not  come with much choices.

not at all. scaling doesn't mean risk. look at Litecoin. it activated segwit without any problems.
it is forcing the scaling that is risky and the more you insist on a fork with small amount of support the higher the risk will be.
why do you think SegWit activation target is set to >95%?

4. We/not mine your we/failing to grasp important matters/is suicidal for your thought process.

sorry i don't understand this sentence

Chill buddy.

i can't when i see support for UASF
- from nodes is very small
- from hashrate is very small
- from developers is also small. (many of them are against it!)

1. If segwit does not get activated by 95% nor the 51% of BIP148. Left is BIP149 which the core is in favor of and from what I read it would take 2018, cool. Let one more year of congested, high fees monopoly continue and existing price and users should also continue. Awesome.

2. Have you heard of Jihan Wu, BU. Yeah risk of splitting is obviously there, two sides with opposite opinion and approximately same hashpower, nope same, but miners changes everything. What do you expect. Getting a majority, good luck with that. If that happens too damn good for the community. If BIP148 gets rolling Segwit would be activated, so I don't see any harm in that, split would be temporary, non-segwit miners would not have any other choice other than switching

3. Are you kidding?  Based on adoption there is no comparison. If litecoin would have been globally adopted like BTC before Segwit, simple logic for you, more users = more transactions, the whole scenario would have been messy like right now.

4. That is beyond your grasp

"Every small step in the right direction counts."

[peter0425]

If price of Bitcoin goes down on August 1 I would take advantage of the oppurtunity buy at low price and I will not sell my coins and wait for a good price before I let it go. I see a lot of positive things about Bitcoin that cam help its current price to be stable to what it is now or help the price to go up.

Definitely it will be nice to buy bitcoin if it goes down. It will be a perfect opportunity for the general public who are looking to buy at a low price. But Aug 1 is still far though, I honestly don't know if the price will go up or dip. But I will still support bitcoin no matter what, I just have to wait and see things subside a little and what direction the ecosystem is going.

[DoomDumas]

It's almost already priced.  On the August 1st, we may not see so much price move..

[Faiyz]

If price of Bitcoin goes down on August 1 I would take advantage of the oppurtunity buy at low price and I will not sell my coins and wait for a good price before I let it go. I see a lot of positive things about Bitcoin that cam help its current price to be stable to what it is now or help the price to go up.

Definitely it will be nice to buy bitcoin if it goes down. It will be a perfect opportunity for the general public who are looking to buy at a low price. But Aug 1 is still far though, I honestly don't know if the price will go up or dip. But I will still support bitcoin no matter what, I just have to wait and see things subside a little and what direction the ecosystem is going.

For me i want to it to still go up. Because i am investing directly at btc and not actually buying it for trading. I am earning in btc so i dont feel bad if it goes down because i really did not bought any so for me i guess i want it to be in increase in price. you can also buy btc like .01 or .1 because you really dont need to buy a whole btc just for that.

[SingAlong]

Altcoins are not projected to make anyone rich. I haven't seen anyone who has become rich with altcoins while we have seen many persons , bitcoin holders which have become rich thanks to their patience by keeping their coins and not spending them. August 1 is not a good moment neither to become rich neither to become poor although chances are higher to become poor if you sell your coins. Just hold your bitcoins, wait until the developments are done and after some time take profit if you want to sell.

I'm sure lots of people became rich with altcoins. If you sold your Bitcoins 1 month ago for one of the altcoins that increased 10x times on the recent pump ..now you buy back and have 10x time more Bitcoins. So yes altcoins can make you rich... oh yes they can.

Altcoins can make your rich in terms of Bitcoin thru trading. I've seen a lot of people who are becoming rich and earning a hundred dollars or two by this. It is not necessary to rely on Altcoins for you to become rich but rather make use for its volatility and by this you will be able to earn more Bitcoin -- the Bitcoin you have invested to return in few folds.

We will see it after August 1 and we need to take a closer look on it so that we can decide the best action to take.

[RoommateAgreement]

Its not necessary that if bitcoin goes down then other altcoins will go down too. Perfect example of it is etherum. Its still going up while btc is gone down.

are you delusional? or maybe you don't know the meaning of UP and DOWN? if so i suggest looking them up in a dictionary!
in the past week ethereum has dropped down more than -30%
and meanwhile bitcoin has been rising up about 25% in the same time!

What are these claims, "alternative facts"?

7 days ago the Ether price in US dollars was ~$150, and now it's ~$220.  Meanwhile, the Bitcoin price of Ether is up as well, from ~BTC0.074 to ~BTC0.088.

This is publicly available information.  Maybe you should check it before posting.

i don't know when i look at the charts i see bitcoin is rising after its correction from $1900 and still keeping the price up around the $2500 and shows all signs of rising more.

but when i look at eth charts i see price getting pumped then it was dumped hard and then jumed back up to 0.1 and now it is dumping down from that top. it had a dead cat bounce today though.

[MingLee]

Share your views if a BTC fork takes place. Will you invest in the cheapest one? What will you do?

I still think if Bitcoin goes down altcoins will go down with it; people will turn to buy gold again

I'm expecting for little to happen. If something does, I expect some initial confusion followed by a rise in value once people figure out what the hell is going on, either for the better or for the worse. I might just convert a lot of my holdings to fiat to wait out the storm and see what happens to the market before exposing myself in any positions.

[freedomno1]

Share your views if a BTC fork takes place. Will you invest in the cheapest one? What will you do?

I still think if Bitcoin goes down altcoins will go down with it; people will turn to buy gold again

It's hard to say at least at the time of distribution I will not sell my coins and will observe the consensus on the network
Since I can own coins on both chains assuming they both don't collapse together  it should be an opportunity to re-position into the dominant coin or to try and hold both coins in the long term as people sell off the sides.
Rare case people like 2 more than one and the total value goes up like ETH did over time but that is an uncertainty that will be settled at that time of execution.