Buy more bitcoin or wait for August 1st?

[Xester]

If you have money then you should buy bitcoin right now.  If you will wait until august perhaps its price maybe higher than today.  We do not know what will happen on August but I would like to think that its price will not be affected.

[dihari]

No one can predict bitcoin market price tomorrow or even 2 months later. Okay big news sometimes affecting the price, but we don't what effect it can give. I suggest to buy as much as you can if you have chance to buy bitcoin as soon as possible. For me, bitcoin price is never drop down, it just make a correction for a while to continue rising. Just buy it.

[BitcoinHodler]

you know that things have never happened exactly on the same date as the news right?

for example take the Halving event. the hype started months ago before the real halving date or any real supply effect. the price rise happened long before the date that the first 12.5BTC block was mined.

and the effect of August 1st has already hit the market hard by crashing it to $2100 10 days ago.
can it happen again? maybe. but chances aren't that high.

[AicecreaME]

So my initial plan was to invest more into bitcoin on a weekly basis but with the possibility of a split on August 1st I figured I'd wait a little. If there would be a split, there would certainly be a drop in price so maybe a good opportunity to pick some more up rather than doing it now. Normally I tend to make these kind of decisions for myself but since I don't fully understand what will happen August 1st I figured this would be the best place to ask.

The chance is 50:50 because this is just a price prediction, that the price of bitcoin would go on a DUMP and yeah, that is the right time to buy bitcoins and hold it and wait till the next price PUMP happens.  In this way, we could earn a lot of money in the long run if we are going to hold it and be patient about this Investment.

[vasrasus]

So my initial plan was to invest more into bitcoin on a weekly basis but with the possibility of a split on August 1st I figured I'd wait a little. If there would be a split, there would certainly be a drop in price so maybe a good opportunity to pick some more up rather than doing it now. Normally I tend to make these kind of decisions for myself but since I don't fully understand what will happen August 1st I figured this would be the best place to ask.

The chance is 50:50 because this is just a price prediction, that the price of bitcoin would go on a DUMP and yeah, that is the right time to buy bitcoins and hold it and wait till the next price PUMP happens.  In this way, we could earn a lot of money in the long run if we are going to hold it and be patient about this Investment.

Exactly. Patience is a virtue on trading. I think Pump is not the most probable outcome due to split on chain. Many investors don't want 2 chains because it might cause some issue and it will not guarantee that it will solve clog on transaction. I will on august 1 to buy some cheap btc.

[Minecache]

So my initial plan was to invest more into bitcoin on a weekly basis but with the possibility of a split on August 1st I figured I'd wait a little. If there would be a split, there would certainly be a drop in price so maybe a good opportunity to pick some more up rather than doing it now. Normally I tend to make these kind of decisions for myself but since I don't fully understand what will happen August 1st I figured this would be the best place to ask.

Why are you and everyone else so obsessed with 1st August? An import factor in the cryptosphere BEFORE the 1st of August that has massive potential to pump the price far beyond anything you are hoping to gain by waiting for a drop. Australia legalizes all crytpos on the 1st July. You should be thinking about buying BEFORE THAT DATE. 

[eann014]

So my initial plan was to invest more into bitcoin on a weekly basis but with the possibility of a split on August 1st I figured I'd wait a little. If there would be a split, there would certainly be a drop in price so maybe a good opportunity to pick some more up rather than doing it now. Normally I tend to make these kind of decisions for myself but since I don't fully understand what will happen August 1st I figured this would be the best place to ask.

Yeah I also heard that bitcoin has a possibility of a split on August 1st, I also don't understand what would really happen on that day but maybe we just be careful and we should transfer our bitcoin in bank for our assurance so that we will not lose some bitcoin on that day.

[Barcode_]

That is a very difficult question to answer, even if bitcoin go ahead with the fork that would happen on August 1st, there might be a chance that the chain won't be split into two as no one could really knows what would happen after the fork. Maybe you could buy a few bitcoins as investment, but remember to keep it in the wallet that allows you to hold your own private key in case a split really happens.

[Kprawn]

A lot of people are going to try and do the same... but none of them knows what is going to happen before the 1st of Aug 2017. We might see a

huge price increase before that happens {speculators working this drop in before it happens} So you might be buying at a much higher price,

than what you would have been buying now. We have no crystal ball. 

[tobs]

Despite possible higher or lower prices because of 1st Aug, is there any possibility or reasons to worry for bitcoin to literally crash to something really insignificant like $100 or something? I mean, it will probably rise up again in some time later, but is what happening on that date significant enough to put bitcoin price upside down or are we talking about speculations of $500 more or less in value?

[Sundark]

I thought that August 1st was a date of USAF. But miners realized that USAF could be something risky and unsafe so they agreed to proceed with SegWitx2 scaling proposal instead.
They started to signalling it a week ago and once they reach 80% hash rate stability SegWitx2 will be introduced. Therefore nothing will happen on 1st August anymore?
So anyone can confirm it?

[haroldtee]

I thought that August 1st was a date of USAF. But miners realized that USAF could be something risky and unsafe so they agreed to proceed with SegWitx2 scaling proposal instead.
They started to signalling it a week ago and once they reach 80% hash rate stability SegWitx2 will be introduced. Therefore nothing will happen on 1st August anymore?
So anyone can confirm it?

Yes. Confirmed! There is a consensus agreement already to activate segwit2x, apparently there is nothing like a hard fork anymore. So whoever wants to buy now should just buy cause the assumption of price coming down may just be the opposite.

[Inkdatar]

Actually we couldnt predict the volatility of bitcoin. If you have funds to buy bitcoin you can but you know all is risks when you invest for your money. As the bitcoin price right now is $2000 plus so its expensive. Thus you may decide to buy some and invest on what you can afford.

[U2]

Bitcoins will essentially be fixed on august first so the pump will be before the actual fix. This is just like when the halving was imminent and the price went up and up before the halving then even before the halving it went down.

[soul-impact]

This is creating a series of different predictions for all entrepreneurs. We can not confirm anything, so many people think that the value of bitcoin will skyrocket. On the other hand, some people think that its value will drastically decrease. This is causing concern for everyone. I myself too, I do not know what to do, buy or sell, too difficult to decide.

[Tungsten-1]

I believe that there is no need to wait on August 1, this too much time can be wasted.

I think you are not more interested in bitcoin because in investment in bitcoin wait or hold is very important without hold you cannot do profit. .

[jak3]

waiting for 1st August is very risky. Since there is a huge possibility of price going Downwards and also on Upwards so if you dare to loss some money then do it. it can be your best decision as maximum situations like this are result in price rise except of few which are later proven as they where just some bubble situations. if you are worried about your current principle and afraid to loss some amount of money in the process then i will advice your experience is week for this situation you should wait and see the effect after that react on correct time.

[Slark]

The only reason price might go down/won't go up is because people would be scared before/during scaling upgrade.
Paranoia runs deep withing bitcoin users, they are allergic to every piece of information which is not 100% positive.
Scaling of bitcoin is unknown precedence for users, they are scared that there will be some split or major fuck up.
Once air will be cleared and we will have absolute certainty that all went good with scaling, bitcoin price will skyrocket.

[slaman29]

Okay let's look at 1 August: 5 weeks from now.
Let's look at today's USD price: 2,550.

Now is not an absolutely bad time to buy, because in 5 weeks, you can bet it will touch 2,900 again. OR it drops to 2,000 but after 1 August you can bet it will go back to 2,500.

So you either make money or are back. Either way, not a bad time now.

[AK47-]

The only reason price might go down/won't go up is because people would be scared before/during scaling upgrade.
Paranoia runs deep withing bitcoin users, they are allergic to every piece of information which is not 100% positive.
Scaling of bitcoin is unknown precedence for users, they are scared that there will be some split or major fuck up.
Once air will be cleared and we will have absolute certainty that all went good with scaling, bitcoin price will skyrocket.

Many new comers don't really know the market well and hence they are most likely to get panic because of such news. Those people are most likely to sell their bitcoin nearing August. Hence, price might fall. According to me that time is best for buying some more bitcoin.