Afraid of August One?

[MMA]

I don't tend to be afraid, and see any problems as an opportunity to buy if panic ensues. Still not clear on which is better as a wallet if things melt, blockchain or a desktop wallet like myetherwallet. Can anyone explain more fully the issues about why the coins are at risk (not the price risk, the actual coin)?

most of the people pretend that they do not afraid from that day, but still confusion and uncertainty is there in the mind of people and that is the reason that the price is too much stable at 25000$, i think that is also better that the price is falling any more and has got a good support at that price. hope there will be not such a bad effect of 1st August on the price of bitcoin and will continue  increasing.

[1714683500]

1714683500

[Itty Bitty]

To the original question, whether we are fearful of Aug. 1,

Well, there will either be a chain split on Aug. 1, or there will be the threat of a chain split hanging over bitcoin until probably mid-November. This reality is worth fearing a little bit, regardless of who one supports.

I am fearful it will alienate so many new users, it could take quite a while to get them back.

Also, to me, this ultimately seems like it will be a referendum on the support the current devs have within the bitcoin community. My fear there is that the dilution of knowledge of the average bitcoin user (such as me) compared to the average user of several years ago, may have gotten low enough that overall support may be below safe levels to adequately support the current so-called "Core" devs.

I can not be gentle about this. Everything inside me says it would be disastrous for bitcoin if the people who have been guiding/upgrading/repairing things hour to hour, day to day, week to week, month to month for the past several years  are torn away en masse, from this project. Messing with that experience (which you can't get ANYWHERE else except the bitcoin blockchain), and having others come in and deal with their own learning curves, all at the same time, is just unthinkable.

You asked about Aug. 1 fears, those are mine.

[Zenithar]

I want to buy more btc before august, Im not worried at all.

Wow! what a great idea and keep up and now buy more and more bitcoin , and I am also with you . If now you buy more bitcoin I am sure that you gain more benefits before the month of August and may be you will doing more profit forward in future.

although I have no worry about 1st August, but still I am not going to buy anymore bitcoin, I will continue holding my bitcoin that I already bought, and not going to sell it in panic situation. i am sure that there will be now bad effect of the 1st August on the price of bitcoin, and after 1st August its price will boost and then it will become difficult to find space to get bitcon at low price.

[Bagaji]

Based on the testimony from people around the world  about bitcoin success so far and with the assurance that bitcoin will survive the outcome of 1st August. I believe there is no course for one to panic. Although the market value of Bitcoin May decrease as a result of panic and rumors which will create an avenue for investors to buy at a cheaper rate but it will move higher than the current market value before end of the December.

[kriptotr]

I don't tend to be afraid, and see any problems as an opportunity to buy if panic ensues. Still not clear on which is better as a wallet if things melt, blockchain or a desktop wallet like myetherwallet. Can anyone explain more fully the issues about why the coins are at risk (not the price risk, the actual coin)?

most of the people pretend that they do not afraid from that day, but still confusion and uncertainty is there in the mind of people and that is the reason that the price is too much stable at 25000$, i think that is also better that the price is falling any more and has got a good support at that price. hope there will be not such a bad effect of 1st August on the price of bitcoin and will continue  increasing.

Interesting point. That august one thing makes me scared and I temporarily stopped my trade transactions. I don't wanna take that risk of instant price movements.

[Adbitco]

In fact I am afraid of this day because it can be a disastrous split while it can also be perfectly fine. There is more chances that it goes fine, but there is still a little chance that it goes bad, and I am afraid of this.

I think you have been reading through too much of the fud that the trolls here are spreading. Any possible negative impact of a chain split (or any other scenario), will be of temporary nature. Bitcoin has faced so much drama and crap already, that a negative outcome in the coming 30 or so days will be nothing more than one of the many obstacles it has overcome already. Just relax.

I agree with you. Every good thing has to undergo a test and that's true for bitcoin too. Bitcoin has survived many problems in the past and it will pass the test successfully and come out winner as it has already in the past. We should believe that such tests are for the betterment of bitcoin. Just have patience and believe in bitcoin and stay cool and calm.

[Coffee_Lord]

I don't tend to be afraid, and see any problems as an opportunity to buy if panic ensues. Still not clear on which is better as a wallet if things melt, blockchain or a desktop wallet like myetherwallet. Can anyone explain more fully the issues about why the coins are at risk (not the price risk, the actual coin)?

most of the people pretend that they do not afraid from that day, but still confusion and uncertainty is there in the mind of people and that is the reason that the price is too much stable at 25000$, i think that is also better that the price is falling any more and has got a good support at that price. hope there will be not such a bad effect of 1st August on the price of bitcoin and will continue  increasing.

Learn to speak English.

[rizkyhiw]

I want to buy more btc before august, Im not worried at all.

Wow! what a great idea and keep up and now buy more and more bitcoin , and I am also with you . If now you buy more bitcoin I am sure that you gain more benefits before the month of August and may be you will doing more profit forward in future.

although I have no worry about 1st August, but still I am not going to buy anymore bitcoin, I will continue holding my bitcoin that I already bought, and not going to sell it in panic situation. i am sure that there will be now bad effect of the 1st August on the price of bitcoin, and after 1st August its price will boost and then it will become difficult to find space to get bitcon at low price.

the market itself has been affected , most cryptocurrency get dropped ,
the sign of how people so worry about the improvement protocol called segwit is so clear ,
panic selling everywhere and noone can stop this situation ,
the future of bitcoin really in doubt with this long unsolved problem.

[South Park]

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.

I’m not afraid but I’m cautious the problem is not that segwit is going to be activated, that is fine, the problem is that the miners want to make a hard fork, and there is nothing to see at the moment, segwit was tested for a long time before it was a viable solution and now the miners seems to want to hard fork in a fast track, that could kill bitcoin if there is a bug in the code.

[DoublerHunter]

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.

I’m not afraid but I’m cautious the problem is not that segwit is going to be activated, that is fine, the problem is that the miners want to make a hard fork, and there is nothing to see at the moment, segwit was tested for a long time before it was a viable solution and now the miners seems to want to hard fork in a fast track, that could kill bitcoin if there is a bug in the code.

We should just need to be positive because everything will be okay after the august one because bitcoin will just get some upgrades on its system and it might be a good cause for bitcoin or bad because there will be a split in the chain but the only thing that i am sure is, it will have a little dump of the price because of the similar scenario with this title, the people are afraid so they will just sell their bitcoins.

[madwica]

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.

I’m not afraid but I’m cautious the problem is not that segwit is going to be activated, that is fine, the problem is that the miners want to make a hard fork, and there is nothing to see at the moment, segwit was tested for a long time before it was a viable solution and now the miners seems to want to hard fork in a fast track, that could kill bitcoin if there is a bug in the code.

We should just need to be positive because everything will be okay after the august one because bitcoin will just get some upgrades on its system and it might be a good cause for bitcoin or bad because there will be a split in the chain but the only thing that i am sure is, it will have a little dump of the price because of the similar scenario with this title, the people are afraid so they will just sell their bitcoins.

If users affraid on what will happen in that date i think thry need to sell their bitcoin that is simple solution to be made. But me i will hold my bitcoin what ever happen because i beleived that bitcoin will not leave us instead their value will start to increase more due to more adoption will come. Just wait and relax.

[Anegg]

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.

In case you don't know what Segwit is read up here : https://cointelegraph.com/explained/segwit-explained

Basically I would buy up since on August the first I except an increase in price for bitcoin. No need to worry about it, but just in case take some precautions like transferring all your bitcoin to your blockchain wallet and back up your wallet. Segwit should fix some issues with bitcoin, but just in case I would recommend doing what I just listed

[stompix]

I don't tend to be afraid, and see any problems as an opportunity to buy if panic ensues. Still not clear on which is better as a wallet if things melt, blockchain or a desktop wallet like myetherwallet. Can anyone explain more fully the issues about why the coins are at risk (not the price risk, the actual coin)?

most of the people pretend that they do not afraid from that day, but still confusion and uncertainty is there in the mind of people and that is the reason that the price is too much stable at 25000$, i think that is also better that the price is falling any more and has got a good support at that price. hope there will be not such a bad effect of 1st August on the price of bitcoin and will continue  increasing.

I'm more afraid by people like you who made it to hero level saying stuff like this.

that they do not afraid  - that they are no afraid
is too much stable at 25000$   - fk my life..25000?
is also better that the price is falling   - wasn't the price too stable a second ago at 25k?
any more - obviously you wanted to say something different

Honestly, why do you keep trying to post?
Just for people to laugh at the nonsense above?

[JohnBitCo]

Based on the testimony from people around the world  about bitcoin success so far and with the assurance that bitcoin will survive the outcome of 1st August. I believe there is no course for one to panic. Although the market value of Bitcoin May decrease as a result of panic and rumors which will create an avenue for investors to buy at a cheaper rate but it will move higher than the current market value before end of the December.

There may be slower TX times around the transition because of mass movements of funds, but all in all, it is a soft fork and whatever happens to segwit, your wallet and your coins are fine either way.

[pixie85]

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.

In case you don't know what Segwit is read up here : https://cointelegraph.com/explained/segwit-explained

Basically I would buy up since on August the first I except an increase in price for bitcoin. No need to worry about it, but just in case take some precautions like transferring all your bitcoin to your blockchain wallet and back up your wallet. Segwit should fix some issues with bitcoin, but just in case I would recommend doing what I just listed

The link you gave doesn't work.

If you have coins you will have them on the new chain, no need to transfer anywhere. What about the people who don't use blockchain wallets? Do you think somebody would make an update this way, to make all of them lose their money?
If you have coins on an address don't do anything, just wait, nothing will change if they update it you will still have all your coins.

[rickadone]

I think many times so far we had similar situations when we were all expecting some very important days/happenings for Bitcoin but at the end nothing revolutionary didn't happen. So I think the similar will be after 1 August too and don't fear that day. Anyway, after 1 August nothing bad will happen for Bitcoin and the users.

It is a rumors by competitor that they are arising even they had seo of these rumors it funny but yeah they has. We should stay in touch with bitcoin nothing will be happen like that as people are expecting that bitcoin will be goes down on 1st August. No never it will never goes down. It will even increase on that day. So, believe and keep watch the price of bitcoin on first August.

[darkangel11]

Some people here really don't understand how SegWit works. It's just an upgrade not a hard fork, and even if it were to be a hard fork, you wouldn't be risking anything by holding your coins in your wallet. The only thing I'd recommend is to move coins from the exchanges into private wallets, because you can't be sure if they won't have any issues with updating their software and (in case of a hard fork) give you access to both chains.

[pokemail4me]

how could it split if segwit support is above 80% ?

[canvan]

how could it split if segwit support is above 80% ?

It won't and the fear of a split is all FUD and even UASF has no real economic or miner support behind it. What is going to happen is that segwit will get adopted and everyone will forget about these small things and be happy once the price shoots up.

[wahb]

how could it split if segwit support is above 80% ?

It won't and the fear of a split is all FUD and even UASF has no real economic or miner support behind it. What is going to happen is that segwit will get adopted and everyone will forget about these small things and be happy once the price shoots up.

good to hear in fact everyone here is in confusion that what is going to happen. i think people need to convince  them that there will be no such great effect on the price on 1st August and everything will go as normal. bitcoin price has to continue increase and i do not think that anything can stop it from increasing from time to time. and therefore we do not need to sell our bitcoin in current time.