I need advice i want to invest in BTC i have about 15k should i do it now? or should i wait til after August 1st just incase the price drops?
Please help me.
Thank you,
Brendon
Just wait after August 1, as as pointed out by a few of the other users, many people will panic and the price of bitcoin will drop. This will enable you to buy at a much cheaper price and then wait until it rises back again. The good thing about this is that this is more likely going to be a temporary event that shouldnt really effect bitcoin in the long run. Maybe try to invest in ethereum in the time being. Maybe have 5k go towards ethereum and have the rest invested in Bitcoin after the August 1 'crisis'. It will surely help you to spread your funds available and minimise the risk of loosing your money,
WAIT.
There would be lot chaos after implementation of UASF if it gets implemented without SegWit2x and there would be a price dip (could be slightly long term) which can even go to 30-40%. If Segwit2x gets implemented before the implementation of UASF. Dip would still be there but would be for short term. In both the cases you will have a good opportunity to buy bitcoin.
At present invest in any top 5 altcoin. They would definitely rise in August because of devaluation of bitcoin. Earn some profit from there and then buy bitcoin in August at lower price.
Couldn't have said the last sentence better myself. This is exactly my plan for August 1 in terms of investment opportunities.