Afraid of August One?

[Kronos21]

I do not trust bad rumors and reviews about Bitcoin. I keep my coins and calm but wait for the price to rise so that I can finally fly to the moon

Probably because you think the majority of people, and so for the past two days, we can see a stabilization of prices and even a slight increase. It is said that those who spread rumors about the disaster on 1 August has not achieved its goals.

[BillyBobZorton]

If BIP 148 goes through, I suppose nothing matters and the market rallies.

If BIP 148 has only minority hash rate, we will get 2 coins. If the hashrate moves towards BIP 148, then it will orphan the Legacy Chain, there is only one chain and the market rallies.

If BIP 148 has minority hash rate and miners still won't move, then miners have no option but to Hard Fork the Legacy Chain to protect themselves. We will get 2 coins and exchanges will be safe to start trading them. The value of both coins will probably be inferior to that of 1 BTC. But I suspect in the short term, either one coin will come out way ahead and rally, or both will thrive. Who knows.

There is also the off chance that Segwit will be activated before, and I suspect if that happens, the Market will soar very fast.

The thing is, I think it will be very very hard to trade your coins as the events unfold and also very hard or costly to buy into a rally on uncertain circumstances. Therefore, my conclusion, I am buying what I can right now and keep it.

What I am keeping my eye out for is a steep decrease in price before August 1. I would heavily buy into that and hold them dumped coins through the troubled times.

Bear in mind I hold no Millions. So don't put your faith in what I say. All my worth in Bitcoins could be spent in a night out, so I have little to lose and much to gain. I can afford to be optimistic in all the scenarios.

There's also the problem of sending and receiving transactions during the time of uncertainty because you don't know what coins you are receiving or sending. The only way to guarantee you are doing the right thing is by running 2 full nodes, one with regular bitcoin core and other with UASF148 to control both coins. Oh and make sure to get out of any exchange that doesn't list both coins or they will scam you.

Correct. The idea is to stay put until all the forked chains show themselves and are safeguarded by hard forks. Until then, I will hold still, Buy if the price tanks, and get as much stake in every coin possible.

After hard forking, you can just try and trade one chain for another.

This is way too risky. I don't know any whales except Roger Ver, that are pro-Bitmain fork. Everyone else wants to stay on the original chain, so I suspect they will just dump the segwit2x hardforked coins or whatever other fork happens and the price will dump badly on the non-original chain...

Don't do anything stupid, hold through the mess.

[noormcs5]

The only precaution that I suggest is perhaps putting your coins in a software wallet.  It is a soft fork, so no wallet out there should end up out in the cold for any reason, but, a site that is looking for an excuse to bail on the client with there money can easily point to the forking and claim that they are all jacked up and then after a month or so, just bail with the money. 

[elsya syafira]

Everyone started to talk about August and there will be significant things at that time. Actually I do not know exactly the problems to be faced. Can you explain in detail the existing problems?

[South Park]

if i was going to spit ball, I would say you could possibly cut your SC and LBC holdings by 50%, and pick up one or two more alts, but that could hurt as much it would help you. Just the only suggestion i could think off. you have a much more balanced portfolio than me!

This is a good idea if you do not have a clear stance of where you want to be when all of this happens, maybe you could divide your money in 1/3 on bitcoin another 1/3 in altcoins and the last 1/3 in fiat, that way you are protected from whatever happens, you will not earn or lose a lot of money with this approach so it is the safer way to approach the turbulent times ahead of us.

[rickadone]

I just wanted to buy more bitcoin, but the issue of bitcoin in August will make me hesitate, but after I consider it is not wrong to take the risk for greater profit. Even if the value is down, we only need to wait for the return of bitcoin.

After the official update SegWit will be patched with the bitcoin software it is highly unlikely that the price of bitcoin will fail. If we see the trend of the bitcoin price, it can be seen that bitcoin has remained resilient throughout, and recovered its value very quickly when it decreased. In just a few past couple of days, the value of bitcoin has increased a few hundred dollars. After August 1st there is a very high chance that the value of bitcoin will skyrocket and this presents an opportunity for people to invest now in bitcoin.

[ximply]

The Bitcoin price is hovering from 2,580-2,600 right now and its not moving that area after a big drop from 3,000. Do you think before August 1 the price will significantly go down? What would happen more if something went wrong in August 1? Will you just watch while everyone is selling on panic? What if price went down significantly to 1,000?

For me i would buy more for my faith in Bitcoin is solid. What about you?

[hookthem]

The Bitcoin price is hovering from 2,580-2,600 right now and its not moving that area after a big drop from 3,000. Do you think before August 1 the price will significantly go down? What would happen more if something went wrong in August 1? Will you just watch while everyone is selling on panic? What if price went down significantly to 1,000?

For me i would buy more for my faith in Bitcoin is solid. What about you?

Agreed - I buy large amounts every time a crash occurs.  Good policy for all markets, including BTC  . But a tax nightmare!!

[ethereumhunter]

i am not afraid with august one because i still believe and i am sure with bitcoin. no matter what its happen, bitcoin will be increase after the down price so i don't need to worried if the price is suddenly drop because the price will always be back to the normal price. its better to be patience for a while and waiting the next good price.

[daringdiscovered]

I guess we are all afraid to August 1 since this is a really bad problem, splitting bitcoin is a total nonsense, I'm already satisfied in what bitcoin is right now and I don't want this splitting thingy to happen, because bitcoin's price would be affected and of course also us, that is why let us hope that this thing will never be happen on August 1.

[Lorilikes]

This is very simple thing , you should think that lot of amount of the Bitcoin are hold by the owner of the Bitcoin , so what will happ if the network of the blockchain will face problem , I mean we don't need to worry much about this , and instead of this some preacuation should be taken by us .
1) Before 1 August transfer your all Bitcoin at the blockchain wallet .
2) If you have Bitcoin then transfer only Bitcoin to your address of blockchain also  .
3) don't make transaction like things from any of the Bitcoin wallet .
4) Make backup of your wallet of the blockchain before the 1 August  .
If you will do these things , then I don't think that you need to worry anything ways , because you are in official ways and platform and nothing is problem in the official wallets

If you're saying blockchain.info is some sort of "official wallet" you are sadly mistaken newbie. Maybe do a quick google to see how crappy their security is. I'd trust mt gox more than blockchain.info hahaha. This is hard to understand because your English is so crappy, but the advice is terrible so it's for the best.

Fork = one chain becomes two. You'll already own bitcoins in both. Don't worry about that. The price will go up because bitcoins will be usable for small transactions again. Finally.

🦋❤️🦋

Thank you for pointing out the simple fact that FINALLY small transactions will be "a thing" once again.  I really appreciate that small fact that you have pointed out.  It is actually quite hefty in terms of how it weighs in on my feelings about the fork.  I can't believe I hadn't thought of how freeing it will be to be able to send small payments again.  Helllooooo Satoshis, get in my wallet! 😂

 

[BCTalkaccountforsale]

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.

Maybe August 1st will be the biggest development of bitcoin, bitcoin will be recognized and developed in the world and grown up we should be happy about that. What people always expect it to come, because it will bring us great advantages

[streazight]

It seems August will be a good start of settled bitcoin transaction changes to fast flow and solve some other problem of bitcoin which is a very good news to each and everyone of us who are bitcoin enthusiast. I guess people expecting for high value due to segwit ao it rises up to the moon and once the coin meets that for sure mang holders will take advantage of that event then a chance fo buy some coins too becuase after selling stocks will rise so value will be low so we can avail coins in small price.

JUST BE WISE guys.

There is a high possibility that after the Segregated Witness update to the bitcoin core software, the price of bitcoin might fluctuate and its value might become even more expensive. This is a high chance for people especially investors to earn more money through their invested capitals in bitcoin. Therefore, people should buy bitcoins before August 1st, before the official update to the bitcoin software after which the price of bitcoin will increase drastically and people can earn easy profits.

Honestly there will be no need to get panic, solving scalabilty issue must be a mandatory one and we can continue our faith by believing into devs and miners of bitcoin system to keep bitcoin as a number one crypto all the times.

[Andre_Goldman]

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.

This is very simple thing , you should think that lot of amount of the Bitcoin are hold by the owner of the Bitcoin , so what will happ if the network of the blockchain will face problem , I mean we don't need to worry much about this , and instead of this some preacuation should be taken by us .
1) Before 1 August transfer your all Bitcoin at the blockchain wallet .
2) If you have Bitcoin then transfer only Bitcoin to your address of blockchain also  .
3) don't make transaction like things from any of the Bitcoin wallet .
4) Make backup of your wallet of the blockchain before the 1 August  .
If you will do these things , then I don't think that you need to worry anything ways , because you are in official ways and platform and nothing is problem in the official wallets

 
if you are bitcoin trader you should be scare to the bone ... I mean what would be the scenario in case of a lot of users withdraw their btc from the exchanges ?? ...

Thinking a bit more about fundamentals and leaving my technical analysis astrology aside ...  

My feeling is that the market will be bearish ... but in fact I fell like that little girl



I'm scare to the bone to the bone this month ... I expect bitcoin price crash .. or it is just my wishful thinking to buy cheap btc   ...

ed;typo

[NathanJB]

I am feeling a little fear and at the same time hope and trust.

There is uncertainty ahead. A little fear is understandable. Well, I hope they will get across this mountain and remain strong and solid. That will happen. I trust the people behind bitcoin. They won't fail us.

[Globalhalo]

Bitcoin will either double or half. That is almost a certainty from this point forward. Alts will likely provide very little, to no resistance against a huge move like that in EITHER direction, so I'm sitting in Tether myself.

[BitcoinzB]

The segwit move is going to be a good one. We'll see how the price will react, but my prediction is that it will drop quite a bit due to many people panicking and selling soon before it happens.
That's not a bad thing though imho; just a good chance to by more and watch it grow soon after.

[steampunkz]

Well hope to see some good improvements also the outcome in Bitcoin if SegWit has been activated in august 1. If anything Good or Bad will happens. I will still love to use bitcoins.

[ximply]

For a third day straight bitcoin price is going down. The downward slope is very obvious and it might continue to go down up to the close of August 1. A lot of people are in the sideline just watching and some are selling already. Lets see in the next two days if the downward trend will continue.

Blood will be in the market and people will panic and some might just stay in the sideline and will not enter the market.  For me this is an opportunity for us to buy more when the rates are getting lower.  Lets not look at just a month from now but lets look at the future of bitcoin years from now. Are you seeing what im seeing? It really depends on ones prospective and point of view.

To prove, im willing to buy your bitcoin if you want to sell it now. lol

[xbiv2]

YOU WILL GET BITCOIN CLASSIC (REPLACE GOLD) AND BITCOIN MODERN (REPLACE DOLLAR).
DOUBLE MONEY FOR BITCOIN HOLDERS.