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Author Topic: Is August 1 a good moment to actually become richer or poorer?  (Read 1786 times)
virtualdn (OP)
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June 03, 2017, 12:14:00 PM
 #1

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 Cheesy

1 BTC = 1 BTC
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June 03, 2017, 12:23:08 PM
 #2

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.
virtualdn (OP)
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June 03, 2017, 12:26:59 PM
 #3

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.

Ethereum is not a coin.

1 BTC = 1 BTC
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June 03, 2017, 12:29:48 PM
 #4

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.

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June 03, 2017, 12:31:12 PM
 #5

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.

1 BTC = 1 BTC
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June 03, 2017, 12:31:16 PM
 #6

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 Cheesy

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.

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June 03, 2017, 12:35:07 PM
 #7

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!

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!

Buying the dip...
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June 03, 2017, 12:52:46 PM
Last edit: June 03, 2017, 02:29:31 PM by krishnapramod
 #8

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 Cheesy

There is still a couple of months to go for August 1, if Segwit gets the green flag then most probably the price would increase, same as if BIP148 gets majority. In case of a chain split, and it ends with two coins, then panic might cause a small scale dumping and the market would be unstable (just temporary) still a possible outcome is concluded. Some say it's miners vs users, others says it's BU vs core, no one is asking what bitcoin wants, what Satoshi would have wanted Cheesy

As far as alts are concerned, I do not think this event would affect them to a great extent. Bitcoin is the benchmark for cryptos, but litecoin has been around for quite some time now, rare feat for an altcoin and most importantly it is not just litecoin, Segwit litecoin. IMO investing a bit on litecoin would not do much harm before or after August 1.
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June 03, 2017, 12:56:29 PM
 #9

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.

Ethereum is not a coin.

Also Bitcoin is not going down. It is coming from 7 weekly green candles and no sign to stop.

I would send everything to my wallets, would be the chance to get some free fork coins.

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June 03, 2017, 12:59:40 PM
 #10

Bitcoin is not going to go cheaper than $2k.Altcoin price do depends on btc because many still prefer alt coin price in bitcoin

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June 03, 2017, 12:59:54 PM
Last edit: June 03, 2017, 01:20:48 PM by mindrust
 #11

Bitcoin is right now simulating living the ultimate survival test for a crypto currency could possible experience.

If it don't pass the test with an A+, yes, any trust there is in the crypto currencies will be lost. Investors will realize that their investments can be lost at anytime because of the companies' greed.

Ethereum isn't a coin because it is centralized in the first place. So yes, ethereum won't get affected probably. It is already doomed from the start.  Wink

You can make shitloads of money after Aug 1, or, you can lose anything you got there. All it depends on how the community will be reacting.

#UASF




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June 03, 2017, 01:09:01 PM
 #12

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 Cheesy
You know, I will hoping for bitcoin that it will go down for sometime in a while because I wanted to buy btc when it is big dump then I hold it for a long time, for sure I earned profit on it in that time. And also in the altcoins if it is dumping I buy also at low price then sell it high peak price, I only those legit coins.

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June 03, 2017, 01:16:10 PM
 #13

If you want a "good" day to become poor you should try February 31.

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.

Nobody cares about etherum. Is there somebody using it other that trading against bitcoin?

Altcoins are not projected to make anyone rich.

Yes they are.
The scammers that launch them via ipos and the pump&dumpers.

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June 03, 2017, 01:20:31 PM
 #14

There may be complications but Bitcoin will move forward and the price will rise as it always does.


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.

Nobody cares about etherum. Is there somebody using it other that trading against bitcoin?

The same can be said for all Altcoins except for the select few which have found niche markets due to their technology. XMR would be a great example.
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June 03, 2017, 01:47:53 PM
 #15

A lot of people are hoping the 1st of Aug will be the moment when things change for Bitcoin. The scaling problem is not solved on the 1st Aug

2017, it is just the first little step towards the solution. The solution is actually the Lightning Network and a lot of water still need to run into the

dam, before we reached that goal. So let's be optimistic, but not over optimistic.  Grin

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June 03, 2017, 02:01:15 PM
 #16

Bitcoin is not going to go cheaper than $2k.Altcoin price do depends on btc because many still prefer alt coin price in bitcoin
I agree with you, I don't think that bitcoin will decrease and return to 2000$ other time. My expectation about bitcoin, that the price will still increase until the end of this year, If the price increase like that, maybe in the end of this year we can see 1BTC=4000$ or more.

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June 03, 2017, 02:28:32 PM
 #17

i don't know any more!
this is an extremely risky move that some group of people are forcing on bitcoin and it is never a good thing to force consensus.
wherever i look i keeps seeing the same words being repeated ...UASF... and nobody even cares about or maybe understand the risks that the things they keep repeating is going to bring to bitcoin.

in any case we will prove if bitcoin is really strong when it comes to real important matters or will the community itself does a suicide because of rushed actions.

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June 03, 2017, 02:46:41 PM
 #18

i don't know any more!
this is an extremely risky move that some group of people are forcing on bitcoin and it is never a good thing to force consensus.
wherever i look i keeps seeing the same words being repeated ...UASF... and nobody even cares about or maybe understand the risks that the things they keep repeating is going to bring to bitcoin.

in any case we will prove if bitcoin is really strong when it comes to real important matters or will the community itself does a suicide because of rushed actions.

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

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.

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.

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

Chill buddy.
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June 03, 2017, 02:52:03 PM
 #19

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 Cheesy
Do you mean the bitcoin fork will have ended with splitting the chain of bitcoin?
I will try to grab some of bitcoin on the cheapest price if it is possible for me. What makes the altcoin goes down straight with the bitcoin trend? But if the bitcoin success to drive its fork and more people will try to buy it.
You mean if the fork will destruct the bitcoin, aren't you?

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Ayers
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June 03, 2017, 03:07:04 PM
 #20

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 Cheesy

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

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