Should long term holders sell before August 1st?

[ChainSmoker]

Being a long term bitcoin holder i am little scared.some people are even saying bitcoin might fall to zero after August 1st.is that even a possibility?should i sell my bitcoins to cashout profits and wait it out? or should i keep holding? i want to hold bitcoin for another 4-5 years.so if the bitcoin prize falls after August 1st which is a very high chance then will it ever recover? what's the safe thing to do?

[1715164259]

1715164259

[1715164259]

1715164259

[1715164259]

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[1715164259]

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[hazukison]

How many do you have?

[ChainSmoker]

How many do you have?

around 45

[Meuh6879]

[maku]

Don't fell to it. There won't be any major fuck ups related to scaling upgrade. You will be stupid and paranoid if you decide to sell your coins.
Instead just laugh at the nonbelievers and buy more coins, this is probably the last chance bitcoin will be available at price lower than $3000.
Just remember don't keep your coins online, always make sure that you have access to your private keys.

[richardsNY]

I wouldn't be worried. Just ignore all the fud coming from trolls and related drama loving wackos. In case everything doesn't play out in the favor of most people, we'll likely face a short term bear market, but that will clear once everything more or less is being pushed to the background. If you for real have been holding your coins for 4-5 years thus far, you have been through many massive pumps and dumps already, no big deal.

[Iranus]

Looks to me like you just came back after a long period of inactivity.

When you weren't paying attention to your holdings, they went up very dramatically in value, didn't they? 

During that time that you weren't paying attention, I can guarantee you that there were many different situations in which people were saying the price could drop to zero.  If you had sold during that time when everyone was scared, you would have missed out on a big opportunity.  The same applies this time - just don't do it.

Worst case scenario is that there's a bear market.  If that happens, you don't sell, you buy more and don't give into FUD (provided you can afford to lose it).  Ideally, you'd ignore the whole situation and wait until later.

The time to sell is when you need the money.  Otherwise, while I'm no financial adviser, I wouldn't recommend it.

[darkangel11]

Being a long term bitcoin holder i am little scared.some people are even saying bitcoin might fall to zero after August 1st.

Being a long term holder should teach you not to trust random people writing shit on internet forums.
I've been in the crypto world for just 3 years and I've seen my share of FUD, haven't you? Those people are hoping to scare people into selling before that date, because they know there's going to be a huge pump after SegWit, just like there was after LTC got it done. If you're scared sell now, don't wait for a possible dump before the 1st, because if you're uncertain, you might overreact and sell at the bottom.

[Biggapp]

Being a long term bitcoin holder i am little scared.some people are even saying bitcoin might fall to zero after August 1st.is that even a possibility?should i sell my bitcoins to cashout profits and wait it out? or should i keep holding? i want to hold bitcoin for another 4-5 years.so if the bitcoin prize falls after August 1st which is a very high chance then will it ever recover? what's the safe thing to do?

well i think it is not the true news that bitcoin will be fall to zero after 1st august, i don't think that this will happen and also think yourself that how the high price of bitcoin will fall to zero, just hold it because the price of bitcoin will quite high after august 1st, and if this happen then i am sure the price will again recover because a lot of people are related to bitcoin due to some reason, they will not remain.

[jjacob]

Being a long term bitcoin holder i am little scared.some people are even saying bitcoin might fall to zero after August 1st.is that even a possibility?should i sell my bitcoins to cashout profits and wait it out? or should i keep holding? i want to hold bitcoin for another 4-5 years.so if the bitcoin prize falls after August 1st which is a very high chance then will it ever recover? what's the safe thing to do?

If you are a long term holder, just ignore the activity around Bitcoin and sit tight. Even if there is a split, you will hold coins on both chains. In the end, at least one of them will succeed and you can cash out your coins.

[investinator]

Pretty much this, besides I don't get the fear of August 1st because we are pretty much guaranteed to get Segwit now despite what you may feel about certain factions in the community. All I see after August 1st is a big take off.

[AK47-]

Just move your bitcoins from exchanges if any to personal wallets like hardware wallets or paper wallets and relax. Nothing major gonna happen. If a fall happens that would happen for a short term. SegWit is happening for the betterment of bitcoin not for degrading it. Price will bounce up that is for sure.

[batang_bitcoin]

Being a long term bitcoin holder i am little scared.some people are even saying bitcoin might fall to zero after August 1st.is that even a possibility?should i sell my bitcoins to cashout profits and wait it out? or should i keep holding? i want to hold bitcoin for another 4-5 years.so if the bitcoin prize falls after August 1st which is a very high chance then will it ever recover? what's the safe thing to do?

Actually I'm also scared on what's possible to happen. As I'm reading some insights about the upcoming Segwit activation. And you've got much to hold and I'm not even on the half of your total bitcoins but I'm truly worried about it. Many are saying it's better to convert it to cash and when everything is settled just buy.

[pooya87]

if you have made the mistake of investing more than you can afford to lose then start selling until you reach a level that you feel more comfortable with. reach what you can afford to lose.

and as for that date, at this point we can not really say anything. all we can assume is that bitcoin is too big and all the people involved (miners ,... ) have invested millions of dollars and they won't risk killing their investment like this.

[Jherek]

Being a long term bitcoin holder i am little scared.some people are even saying bitcoin might fall to zero after August 1st.is that even a possibility?should i sell my bitcoins to cashout profits and wait it out? or should i keep holding? i want to hold bitcoin for another 4-5 years.so if the bitcoin prize falls after August 1st which is a very high chance then will it ever recover? what's the safe thing to do?

Truts me man, bitcoin will never go near 0 even if a hard fork was to be initiated, and it might not even happen after all the hype. I remember back in April everyone was already panicking about the fork, and people said it was going to happen this week or the next. But it hasn't happened yet.

I mean it all ultimately depends on what you're comfortable with. If you simply cannot afford to lose the money that is in bitcoin right now and want to liquidate it for cash, then go for selling before the fork. Price is still decent, even though it is 15% down. What i would do is though, sell 30% and hold 70%. I suspect that before the fork there will be panic, and people will be dumping a lot of their coins. So then you can use your 30% to bring down your average entry point.

And 45 btc is a lot, make sure you store it safely. If you hold your own private keys then you'll end up with tokens on both blockchains, meaning that the actual value of yoru coins probably wont change much even after the fork.

[n0ne]

Being a long term bitcoin holder i am little scared.some people are even saying bitcoin might fall to zero after August 1st.is that even a possibility?should i sell my bitcoins to cashout profits and wait it out? or should i keep holding? i want to hold bitcoin for another 4-5 years.so if the bitcoin prize falls after August 1st which is a very high chance then will it ever recover? what's the safe thing to do?

Actually I'm also scared on what's possible to happen. As I'm reading some insights about the upcoming Segwit activation. And you've got much to hold and I'm not even on the half of your total bitcoins but I'm truly worried about it. Many are saying it's better to convert it to cash and when everything is settled just buy.

Panic situations were quite common with bitcoin and now this time it's happening through segwit. So maybe the panic now too will be used by the big volume holders. Because they cannot cash out everything, so they will use the opportunity to add more to their wallet. Even if the splitting gets majority possibilities users won't be affected big in my view.

[jerowacik]

Being a long term bitcoin holder i am little scared.some people are even saying bitcoin might fall to zero after August 1st.is that even a possibility?should i sell my bitcoins to cashout profits and wait it out? or should i keep holding? i want to hold bitcoin for another 4-5 years.so if the bitcoin prize falls after August 1st which is a very high chance then will it ever recover? what's the safe thing to do?

There is so much speculation that 1st of August there will be drastic price declines. But that is still a matter of speculation because we do not know what will happen. It could be just people who want to get the benefits that spread this issue.

[jhenfelipe]

This news made me think as well. Hmm but my decision ended up collecting my coins and keep it in one wallet, the one that I have the private key. I thought that it wouldn't be safe to leave it on exchanges before Aug.1 .  That being said, I want to hold rather than sell and I'll just wait and see what will happen on that day.

[phuclzu12]

I think should sell 50% to FIAT or USDT if have profit in past months, hold cryptocurrency until end August (with me end August is the time ending bearish trend) look like as a gamble, risky and can loss more money. Sell 50% and relax with this money, after this event we can comeback

[Yuuto]

Being a long term bitcoin holder i am little scared.some people are even saying bitcoin might fall to zero after August 1st.is that even a possibility?should i sell my bitcoins to cashout profits and wait it out? or should i keep holding? i want to hold bitcoin for another 4-5 years.so if the bitcoin prize falls after August 1st which is a very high chance then will it ever recover? what's the safe thing to do?

Shouldn't you be happy that bitcoin finally scales, though?

UASF is supposed to be a solution to the current issues with bitcoin not able to scale, and high transaction fees. So after august 1st, if the soft fork goes well then id say that bitcoin price will actually increase as a result of people abel to use it for micropayments again.

Obviously there is the risk of a hard fork happening, and it is likely that some sort of hard fork will be implemented. I really don't think that it's going to make much of a difference because in the end there will be one distinct winner out of the 2 forks, and the amount of time two forks are running simultaneously together is small. Hold your bitcoin, i'd say. Don't sell now because it is likely we'll retest $3000 soon, and if you want to sell, sell then when price is close to or above $3000.