Sell Bitcoin ahead of 1st Aug Hard Fork

[skorupi17]

Hi everyone,

I have recently sold a large part of my BTC  portfolio as I was spooked by a various sources telling me that BTC was heading for plummeting prices  following 1st Aug and hard fork.  They have also said that  July will be incredibly unstable in terms of price as we approach the deadline.  I a now sitting on cash and waiting for the best time t go back into BTC

Given that the price of BTC has risen every day this week and feeling that I sold unnecessarily and am considering buying back in.  can you feedback to me.

1) Is the 1st Aug really going to be that bad and should we expect volatility in July as we approach the date?
2)  Would you buy back in now or wait sitting on cash for a better price entry point in the coming weeks?

Thanks all

Matt

Well we would appreciate if you placed your various sources together with your OP.

1. No one really knows what will be the impact of August first to Bitcoin. No one can guarantee if it will become good or bad. We always experience volatility. Nothing is a surprise there even on July, on August or after that.

2. I never never sold my Bitcoin because of these reasons so no.

[ImHash]

Never sell a satoshi, if you want to sell for profit that's fine IMO but if you are about to sell because of a possible hard fork fearing bitcoin losing value then you'll regret it just like many people already dumped for altcoins or for fiat, if they wanted to destroy bitcoin by hostile take over then don't you think they would've done it long ago? it's not like they don't have the required hash power to do so, at any moment they could fork and split the chain but now they are saying this to see who will dump so they can collect.

[bamboylee]

People will not stop spreading FUD for various of reasons. I think your sources are just spreading FUD. If you are in profit when you sold your bitcoin, then I guess it is alright. It is the FUD like this that will cause more damage to bitcoin than the actual uasf on Aug 1st. And even if a chain split happens on that day, I am confident the price will not drop that much.

[jc89]

Hi everyone,

I have recently sold a large part of my BTC  portfolio as I was spooked by a various sources telling me that BTC was heading for plummeting prices  following 1st Aug and hard fork.  They have also said that  July will be incredibly unstable in terms of price as we approach the deadline.  I a now sitting on cash and waiting for the best time t go back into BTC

Given that the price of BTC has risen every day this week and feeling that I sold unnecessarily and am considering buying back in.  can you feedback to me.

1) Is the 1st Aug really going to be that bad and should we expect volatility in July as we approach the date?
2)  Would you buy back in now or wait sitting on cash for a better price entry point in the coming weeks?

Thanks all

Matt

To think that you confidently sold a large percentage of your Bitcoin because of some rumors and now that you observed the slow recovery of Bitcoin, you are asking for a feedback or advise if you should buy back. Act firm on your decision and decide based from yourself and not of others.

The August 1 thing is still uncertain and no one really knows if it will be good or bad. Volatility is there every minute.

[richardsNY]

BTC surging upwards. All alts falling. The market likes the SegWit news.

It's just a minor step back that altcoins experience right now, which might be because the news still needs to kick in properly. As soon as that is the case, and SegWit2X is on the edge of activation, the entire altcoin market will turn into one giant blood bath. People will realize that the position they have taken in altcoins to hedge Bitcoin, will soon turn out to be the wrong decision....

[Taskford]

To think that you confidently sold a large percentage of your Bitcoin because of some rumors and now that you observed the slow recovery of Bitcoin, you are asking for a feedback or advise if you should buy back. Act firm on your decision and decide based from yourself and not of others.

The August 1 thing is still uncertain and no one really knows if it will be good or bad. Volatility is there every minute.

Yes its true. It would hurt but this is the reality tho.
Many anticipated August 01 and many of us that our hope is too high. Lets wait for that day, hope that will bring us to a better chain.

[CoinCidental]

Hi everyone,

I have recently sold a large part of my BTC  portfolio as I was spooked by a various sources telling me that BTC was heading for plummeting prices  following 1st Aug and hard fork.  They have also said that  July will be incredibly unstable in terms of price as we approach the deadline.  I a now sitting on cash and waiting for the best time t go back into BTC

Given that the price of BTC has risen every day this week and feeling that I sold unnecessarily and am considering buying back in.  can you feedback to me.

1) Is the 1st Aug really going to be that bad and should we expect volatility in July as we approach the date?
2)  Would you buy back in now or wait sitting on cash for a better price entry point in the coming weeks?

Thanks all

Matt

When will people learn? It is extremely difficult and rare to short the cryptosphere and anyone that does deserves to lose their skin in the game. BTC is a nascent technology and will benefit all longterm hodlers. Besides even if their is a spilt by hodling BTC you'll get the spilt tokens too and whatever value they may reach. Think ETH and ETC. in summary I think you were very very foolish.

If it were me I'd buy them all back again asap
Even if the price dips temporarily in August it will recover rapidly
I think if scaling goes well it could jump to 5k overnight so don't want to get caught out and only able to rebuy half your stack

[Casdinyard]

Hi everyone,

I have recently sold a large part of my BTC  portfolio as I was spooked by a various sources telling me that BTC was heading for plummeting prices  following 1st Aug and hard fork.  They have also said that  July will be incredibly unstable in terms of price as we approach the deadline.  I a now sitting on cash and waiting for the best time t go back into BTC

Given that the price of BTC has risen every day this week and feeling that I sold unnecessarily and am considering buying back in.  can you feedback to me.

1) Is the 1st Aug really going to be that bad and should we expect volatility in July as we approach the date?
2)  Would you buy back in now or wait sitting on cash for a better price entry point in the coming weeks?

Thanks all

Matt

I think you're did something base on what you've just read or heard. Im sorry to say but you dont have  your own decision in everything that you did. You do as what they told. 

Well if I were you I just hold my btc and see what will happen in the market and I'll buy back my btc. And you have few months left brother, its not yet late.

[The_Dark_Knight]

Btw I'm more convinced than ever that there won't be a split and the market appears to agree as the BTC price is moving upwards. I think you've made a foolish mistake but each to their own.

I agree, I think bitcoin is headed for a price spike after we get segwit finally activated so the best thing to do now is to hold your bitcoins, yes, there is going to be instability but nothing that we have not seen before and after that bitcoin will go up once again.

[Kemarit]

Btw I'm more convinced than ever that there won't be a split and the market appears to agree as the BTC price is moving upwards. I think you've made a foolish mistake but each to their own.

I agree, I think bitcoin is headed for a price spike after we get segwit finally activated so the best thing to do now is to hold your bitcoins, yes, there is going to be instability but nothing that we have not seen before and after that bitcoin will go up once again.

Personally, we really don't know what will happen come Aug 1. But I agree with you that we should all just hold on our bitcoin stash and see what will be the price after Aug 1. There are so much speculation on this date. But the best option really is just on your bitcoin. If the price spike then its an opportunity to earn if you want to sell it. But if the price goes down, then don't sell but wait for the market to rebound. Is has proven already that bitcoin is so resilient that it can bounce back after a big crash.

[Skarner21]

Btw I'm more convinced than ever that there won't be a split and the market appears to agree as the BTC price is moving upwards. I think you've made a foolish mistake but each to their own.

I agree, I think bitcoin is headed for a price spike after we get segwit finally activated so the best thing to do now is to hold your bitcoins, yes, there is going to be instability but nothing that we have not seen before and after that bitcoin will go up once again.

Personally, we really don't know what will happen come Aug 1. But I agree with you that we should all just hold on our bitcoin stash and see what will be the price after Aug 1. There are so much speculation on this date. But the best option really is just on your bitcoin. If the price spike then its an opportunity to earn if you want to sell it. But if the price goes down, then don't sell but wait for the market to rebound. Is has proven already that bitcoin is so resilient that it can bounce back after a big crash.

Yeah i'm agree that better to hold them since 80% of miners are agree with new changes this coming august it should give a good result and the price could be increase more high..
Remember that bitcoin is legal to japan that is why the price was not reach the full potencial its because of rejected segwit few months ago.
Since miners are agree i think segwit can give a good affect to the price movement. .

[jlspartz]

If day trading, the uncertainty prior to the event will cause a dip - it always does. On the day of the event, once fears subsides, people will quickly reinvest pumping the price. Split or not, people will jump back in due to knowing the path forward.

If not day trading, just hold.

In other words, if you have to ask about whether speculation based on news is correct, you're not a day trader, and made the wrong choice selling and will likely lose out.  August 1st and the day before belong to the day traders making quick decisions based on signals. The volitility and subsequently the risk will be high.

[The_Dark_Knight]

Btw I'm more convinced than ever that there won't be a split and the market appears to agree as the BTC price is moving upwards. I think you've made a foolish mistake but each to their own.

I agree, I think bitcoin is headed for a price spike after we get segwit finally activated so the best thing to do now is to hold your bitcoins, yes, there is going to be instability but nothing that we have not seen before and after that bitcoin will go up once again.

Personally, we really don't know what will happen come Aug 1. But I agree with you that we should all just hold on our bitcoin stash and see what will be the price after Aug 1. There are so much speculation on this date. But the best option really is just on your bitcoin. If the price spike then its an opportunity to earn if you want to sell it. But if the price goes down, then don't sell but wait for the market to rebound. Is has proven already that bitcoin is so resilient that it can bounce back after a big crash.

Then I think the best conclusion we can draw from your post is that at the end we are going to win if we stick with bitcoin, if after august 1 we hold and the price goes up we get earnings, and if the price goes down, then buy cheap bitcoin and wait for the rebound.

[Avametra]

Btw I'm more convinced than ever that there won't be a split and the market appears to agree as the BTC price is moving upwards. I think you've made a foolish mistake but each to their own.

I agree, I think bitcoin is headed for a price spike after we get segwit finally activated so the best thing to do now is to hold your bitcoins, yes, there is going to be instability but nothing that we have not seen before and after that bitcoin will go up once again.

Personally, we really don't know what will happen come Aug 1. But I agree with you that we should all just hold on our bitcoin stash and see what will be the price after Aug 1. There are so much speculation on this date. But the best option really is just on your bitcoin. If the price spike then its an opportunity to earn if you want to sell it. But if the price goes down, then don't sell but wait for the market to rebound. Is has proven already that bitcoin is so resilient that it can bounce back after a big crash.

Then I think the best conclusion we can draw from your post is that at the end we are going to win if we stick with bitcoin, if after august 1 we hold and the price goes up we get earnings, and if the price goes down, then buy cheap bitcoin and wait for the rebound.

Almost all people have already decided on how they will act on August 1. And many came to the conclusion that in case of a sharp drop in prices, they will buy bitcoin for the future. This suggests that people trust crypto currency and believe in its bright future

[DrGuns4Hands]

I'm not selling my bitcoin because i know that bitcoin will increase and get more bigger than before we have different options like me if you're wise you won't sell bitcoin because you know how bitcoin works even the richest people in earth wouldn't take of mind of selling their bitcoins because they already invested and they're just waiting for the right time .

[LFC_Bitcoin]

The price is more likely to break out upwards so selling now would be stupid. Just my personal opinion but HODLING is the best option right now gentlemen.

[Inmydomain]

I shall be holding and waiting for August to decide whether to purchase more BTC or even a range of altcoins. I feel risk in either selling or buying now so inaction actually seems best

[Baofeng]

I'm not selling my bitcoin because i know that bitcoin will increase and get more bigger than before we have different options like me if you're wise you won't sell bitcoin because you know how bitcoin works even the richest people in earth wouldn't take of mind of selling their bitcoins because they already invested and they're just waiting for the right time .

Yes. Selling bitcoin prior to Aug 1 is not a option because I really don't think that bitcoin will dive after that. If the price goes down, then the more time to hold on it. Why people are still questioning bitcoin's resiliency? It has already proven from the past that it can recover and rebound more from the previous price. Do you want to miss the boat when the price goes high? So hold, hold and hold is the best option for most of us.

[CoinCidental]

Only an idiot would sell now, the price is likely to double as soon as we get segwit2x...

[logicgate]

Only an idiot would sell now, the price is likely to double as soon as we get segwit2x...

Right only those sell bitcoin now who has not know the power of bitcoin, who idoit they sell their bitcoin now because they have no knowledge and no more expert in bitcoin techniques that is they sell before the August. You are right that after the segwit its price will be more increase to it's double.