Afraid of August One?

[alani123]

Why are we scared? There is no reason for us to fear, let's glad about a new context is opened.
Happy or sad then let's wait and see

Bitcoins holders are naturally afraid that their coins might lose value or that they might end up on the wrong side of a fork as UASF might cause a contentious split. If that was to be the case it'd be fun to watch but also risky if you're a holder.

[1714996352]

1714996352

[1714996352]

1714996352

[1714996352]

1714996352

[1714996352]

1714996352

[Termin4tor]

I'm not scared or anything but I just have the gut feeling that something negative might happen such as the creation of multiple instances of bitcoin which would negatively affect the market. Right now the best thing to do is withdraw any funds which you have on any online service to your blockchain, desktop, hardware wallet.

[equator]

I'm not scared or anything but I just have the gut feeling that something negative might happen such as the creation of multiple instances of bitcoin which would negatively affect the market. Right now the best thing to do is withdraw any funds which you have on any online service to your blockchain, desktop, hardware wallet.

What you are telling is the fear of all bitcoin users and that is why they are all selling bitcoins and converting it to fiat currency so if their is any fall in price then that time they can buy back in low price. Holding coins in online web wallet is too risky better to store bitcoins in desktop or hardware wallet if you are holding for long.

[andron8383]

It is not yet aug 1 but  there were already a panic selling. Because of the speculation for August 1 people are now selling their btc and it is really affecting  current bitcoin price which is bad in my opinion

Now panic selling is not good but in reality that 2x part will be awofull for BTC. 1 August means more or less we will have segwit 2x part will make HARD FORK and that count guys 1 aug is joke to 2x part.
On 2x part Core devs they declared to leave party if 2nd BTC will be dominant that means betc will be less secure.
New devs of 2x part god they will take ages to learn taht expirence at codding BTC again.
2x part is tread not 1 august but you will see that later.

[THX 1138]

I'm still up around 22% (after seeing 98% profit a month ago) in total but expect to go negative later this week, though I'm not bailing-out into fiat. Instead, I've moved all of my BTC, and most of my XMR and ETH to LTC due to the major uncertainty. For me, there was a small but significant risk I could lose my BTC altogether. A risk not worth taking in my opinion. And today's news that miners have missed the first BIP 148 “Deadline” was the decider; there's a point when you have to decide to jump ship or not. Once everything has shaken out I will look to go back in, unless there are more than two bitcoins by then.

My own records show the % falls in value for the coins I have over the last 30 days as:
 
BTC  -27.23%
LTC   -1.44%
XMR  -42.10%
ETH  -61.75%

By September 1st things could be very different to August 1st. As long as the whole bitcoin scaling thing doesn't end up a complete mess, and inevitably undermining confidence in all crypto, then I believe we will see a restoration near term to a % rise in all crypto, if not to the heady heights of June for a while.

[kissmarx]

I'm not afraid of August One.  

Some people are afraid of that.  

BitCoin will just do good by then. 

But some are more afraid of September 23 than they are afraid of August 1.  

[Selmor]

Why we should be afraid. Just hold and everything will be good

[finzyoj]

As a beginner I'm not afraid, I have no bitcoin in my wallet thus I'm happy regarding on the segwit. It is because for the future of the bitcoin, there's no reason to do that unless bitcoin will down. But based on my observation the bitcoin market is running with a good images. With the increasing of user I think its a good sign that bitcoin need to upgrade to compete in other currency.

[chinapeople]

I think it will be settled before the 1st. It will take just a little more consensus.

[cshelswell]

Sorry - I didn't have time to read this entire thread, and I suspect the answer to my question is possibly in there.

Where's the best place to hold any coins? Should I get the proper bitcoin wallet and let it download the blockchain or is something like jaxx https://jaxx.io ok?

I'm just trying to make sure anything is secured come 1st Aug.

Cheers

Jaxx is not really recommended as It's not fully open sourced. I'd go witth Electrum If I were you, It's with no doubt the best wallet for desktop. You have control over your private keys so make sure you are note doing any transactions during that period (check the forums and Reddit /r/bitcoin from time to time after 1st august to stay updated)

Electrum or Core is the best wallet so fully secure your coins come Aug 1. I haven't try Jaxx though so I don't know if is fully secured. What I like about Electrum though besides the seeds, is that it is so lightweight. My only comment is that is so small and for those who have problems with his eye sight, sometimes its very hurtful.

Great thanks guys - Core sounds the way to go, it is after all the proper bitcoin wallet

If there is a fork though how will that work with my wallet? will I have to download the new wallet and essentially have coins in one wallet and coins in another?

[ximply]

Latest update guys. Segwit support is now at 60.4% and its growing. 6 hours ago its just 45% support now its growing. By end of this day it might go to 70%. If it reaches 80% then say goodbye to split.

[flower1024]

Why we should be afraid. Just hold and everything will be good

Yes why we afraid. There are no any unexpected things going on when this segwit announced that day only people predicted when this day come near the price of bitcoin would go down. That is happening now that's it. Wait for some day everything will be good. And we will have good days our secured bitcoins will become worth of millions.

[Quinni]

Waiting for august one.

[kryptoknightk]

I am hoping bitcoin takes a HUGE dump before that so I can buy!

[kissmarx]

Waiting for august one.

I'm excited for August One 

[lottery248]

to be honest i am wondering if bitcoin will dominate other coins' trend and then down because of bitcoin's drop. however, since i don't have much coins, i am not really fear of bitcoin price being dropped a lot unless gone to below $1000

[KellyCoin]

If you look throughout the course of Bitcoin's History events such as these have happened time and time again. Bitcoin has always rebounded to come back stronger than ever.

[Vishnu.Reang]

I am hoping bitcoin takes a HUGE dump before that so I can buy!

A huge dump is unlikely unless something catastrophic happens. Two days back, BTC went down to $1,800 from $2,500-2,600 levels. I don't think that it will fall any further. The rapid recovery made by BTC proves that a lot of demand still exists in the market.

[GrayFullbuster]

We are already in July and August 1 is coming...the day when Segwit would start signalling for all and what will happen after this date is something many fear of. Will there be a split and what will happen on the split?

I have already read some assurance that at the current rate things are doing, the possibility for a split is getting remote. Maybe the overarching interest of all stakeholders has already dawned to many.

There is no reason for me to be afraid to the August 1.

[TitanGEL]

I am hoping bitcoin takes a HUGE dump before that so I can buy!

A huge dump is unlikely unless something catastrophic happens. Two days back, BTC went down to $1,800 from $2,500-2,600 levels. I don't think that it will fall any further. The rapid recovery made by BTC proves that a lot of demand still exists in the market.

I don't know why many people are afraid to the August 1. There is no such a reason for us to be scared. I think after that day the value of the bitcoin will still continue to rise up and the qualities of the bitcoin will improve.