Should long term holders sell before August 1st?

[xhienigat]

As far as I've read and heard, the hard fork doesn't really mean bitcoin will go back to zero. I don't think they would allow it especially investors. There might be a possibility it'll divide into two. But I don't think long term holders should be scared of what's coming. I myself am a holder of bitcoin and would still HODL my bitcoins and just leave it there for the next 2 years or so.

[Yuuto]

As far as I've read and heard, the hard fork doesn't really mean bitcoin will go back to zero.

Yes, hard fork simply means that there will be a snapshot taken and then from that point onwards, two ledgers will be kept, separate from one another.

I don't think they would allow it especially investors.

Uh, what? I agree that bitcoin won't go to zero. But there is no central bank behind bitocin that will rescue its price if it were to go down.

But I don't think long term holders should be scared of what's coming. I myself am a holder of bitcoin and would still HODL my bitcoins and just leave it there for the next 2 years or so.

Agreed, Ethereum's hard fork was originally thought to be the end of ethereum becasue ETC was essentially catching up with the actual ETH very quickly. But now, there is a decisive winner(the actual ETH). As i said, bitcoin will probably experience something similar, it is likely that two chains will be running simultaneously for a while, but towards the end one chain will succeed whilst the community interest for the other one dies off and eventually nobody uses it.

[rhyso]

My thoughts suggest it depends what you are holding for.

For me, I am saving for a house and plan on building in 2 years time, without a loan!

I have most of my savings in fiat in a high interest savings account and I have BTC and ETC. Not enough that if if did hypothetically go to zero that it would affect my plans. But enough that if it does go to the moon, I wont feel like I was an idiot for not at least investing some.

When we started saving in 2013, I was considering piutting it all in BTC, and had I have done so. I could definately have built already and bought a new electric car.

But now it is over 2k a coin, I doubt the same scale of growth can happen in a couple of years... I certainly hope does however.

if you goals are a shorter term than that, then it may be worth cashing out, or not... But longer term I dont think there is much canc of it being worth less than it is now. I am not guaranteeing that however...

If you are worried, cash out a percentage where you feel  like you are on top of it.

45 coins is a lot of money, I could have had that many too but I am not wealthy enough to feel comfortable to do that.

It is all about balance.

[ultrloa]

As far as I've read and heard, the hard fork doesn't really mean bitcoin will go back to zero. I don't think they would allow it especially investors. There might be a possibility it'll divide into two. But I don't think long term holders should be scared of what's coming. I myself am a holder of bitcoin and would still HODL my bitcoins and just leave it there for the next 2 years or so.

Hodl if you cana afford to hodl since I dont think august 1 could effect the price of bitcoins and the august one will just be the same as normal days on bitcoin and even if there's split issue on it Im sure that bitcoin holders will just go for it and grab more bitcoins since at the first place this coin has great adoption and it will spread for more years to come.

[tonlong]

As far as I've read and heard, the hard fork doesn't really mean bitcoin will go back to zero. I don't think they would allow it especially investors. There might be a possibility it'll divide into two. But I don't think long term holders should be scared of what's coming. I myself am a holder of bitcoin and would still HODL my bitcoins and just leave it there for the next 2 years or so.

Yes, keep it more. Bitcoin is still just a fetus. Let's watch what it does when it's truly given space to thrive.

[mongkie]

i think you should hold. have the guts and hodl. no one is in control of your future, have the balls and decide now or regret later! better read and research it by yourself and dont listen to others who's bashing btc.  

[aleksand]

I dont think history will repeat this time, bitcoin is now ready to fly even the hard fork is nothing but an opportunity to buy cheap. Don's tell me afterwards that i did not hinted you all for the buy opportunity  

[Wind_FURY]

How many do you have?

around 45

I do not believe you but if you did have that amount and a split in the blockchain happens after August 1 then your Bitcoins double in amount. You can sell your coins in the dying chain and continue to hold the rest in the surviving chain. Or it could happen like Ethereum and 2 chains survive. You profit whichever way.

Hold.

[unsoindovo]

As far as I've read and heard, the hard fork doesn't really mean bitcoin will go back to zero. I don't think they would allow it especially investors. There might be a possibility it'll divide into two. But I don't think long term holders should be scared of what's coming. I myself am a holder of bitcoin and would still HODL my bitcoins and just leave it there for the next 2 years or so.

Try to diversify your investments to keep you safe from all the situations.
In part you keep the btc, in part you convert it to other coins (ETH, XML, LTC etc etc) and partially convert it to FIAT.
You wil lbe safe in case all remain the safe, or bitcoin will dump/rise...

[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?

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.

Don't you think UASF is only a temporary solution?They will come up with another solution later to solve this scaling problem when the number of transactions will rise to the point where it doesn't matter if the signature's are removed from the block.

How many do you have?

around 45

I do not believe you but if you did have that amount and a split in the blockchain happens after August 1 then your Bitcoins double in amount. You can sell your coins in the dying chain and continue to hold the rest in the surviving chain. Or it could happen like Ethereum and 2 chains survive. You profit whichever way.

Hold.

Why it's hard to believe?i bought most of my bitcoins when the price was 450$ and if the split do happens then how will i know which will be the dying chain?i think safe is too just hold till one chain completely dies instead of taking a risk of selling a coin in 1 chain which may result in selling a coin in surviving chain.

[NUFCrichard]

If you really have 45 Bitcoins and could do with the fiat, then it would certainly be safer to sell some of them.
I am guessing that your 45 Bitcoins are massively in profit, i.e. you bought them for less that $45k total.

Why not sell so that you have enough fiat that you are comfortable, but still well invested in Bitcoin for the future in case the idiots in charge don't manage to ruin everything!

Or divest into PMs or Alts, though I think alts are in a bubble and generally a scam.

[klf]

I dont think history will repeat this time, bitcoin is now ready to fly even the hard fork is nothing but an opportunity to buy cheap. Don's tell me afterwards that i did not hinted you all for the buy opportunity  

Don't buy all at one time instead of start buying a small quantity at every dip. In the longer run, it will surely give a very good returns compared to any other share market investments. I will not sell any of my bitcoins instead surely will buy some more if prices go down some more and accumulate it to sell at a very high price.

[BitHodler]

I dont think history will repeat this time, bitcoin is now ready to fly even the hard fork is nothing but an opportunity to buy cheap. Don's tell me afterwards that i did not hinted you all for the buy opportunity  

Why do you act like a hard fork will take the price down? Hard forks aren't necessarily a bad thing. If SegWit2 happens to activate, then roughly 3 months after that a hard fork will follow.

If the support remains well over the 80% mark throughout this whole period, those that don't support this hard fork will have basically no other option than to hop over. I don't see much of a problem here.

[Kyraishi]

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?

Whoever told you that has probably never even invested in a cent into bitcoin. Bitcoin will always have a value, and this value will be above 0. Reason being that bitcoin is somewhat backed by the price of electricity and the miners behind it, and energy will never be worth 0 either.

The prospect of having potentially two chains running at the same time can indeed seem a bit unsettling at first, however if you think about it it is unlikely that they are going to be of equal support. It's either going to be Bitcoin core gaining majority support soon after the hard fork, or Bitcoin unlimited. Plus, we don't even know if the hard fork is going to actually happen or not. If the UASF goes smoothly, it'll pump up the price actually.

If it does fall though i'm sure that it's going to recover very quickly, this is something that bitcoin is known for, having an extremely short memories afetr a crash.

Safe thing to do? Sell all. But it's probably not the most profitable thing to do, nor the wisest.

[talkbitcoin]

I dont think history will repeat this time, bitcoin is now ready to fly even the hard fork is nothing but an opportunity to buy cheap. Don's tell me afterwards that i did not hinted you all for the buy opportunity 

Why do you act like a hard fork will take the price down? Hard forks aren't necessarily a bad thing. If SegWit2 happens to activate, then roughly 3 months after that a hard fork will follow.

If the support remains well over the 80% mark throughout this whole period, those that don't support this hard fork will have basically no other option than to hop over. I don't see much of a problem here.

because there is a misconception about forks. many still think a fork is equal to a split. but it is not, there is a chance of a split happening and just like you pointed out it depends on the support. if it is high enough, then no serious split will happen. but if it is low like 30-40% then it is high risk.

[Duzter]

A very big hype is given for the particular day. Now the same could generate a panic among the users and will cause a sudden increase in the flow of bitcoin over the network. It's the wish of the holders whether to sell now or after aug 1st. If something good happens they'll worry that they have taken the wrong decision hearing the words of others.

[P2Pfinder]

H&H

Hold & Hedge

Hold your Bitcoin
Cover Dump risk by Hedging
 
Easy!

[xypos]

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 have held bitcoin ever since it was $100 per coin then honestly there is really nothing for you to lose. You'll be in profit no matter what happens, so if that is you then in my opinion you should probably just keep holding.

However, if you bought at $2000 and want to cash it out for the $500 profit made, then go for it. I think there will probably be a hard fork that is activated as a result of the UASF and it's going to tighten community tension that is already existing

H&H

Hold & Hedge

Hold your Bitcoin
Cover Dump risk by Hedging
 
Easy!

Smart! Diversify your portfolio, have like half in bitcoin and half in fiat if you're ever unsure of how things will turn out .

[alyssa85]

But now it is over 2k a coin, I doubt the same scale of growth can happen in a couple of years... I certainly hope does however.

This. The percentage returns become smaller, the higher the bitcoin price gets. If you want pure speculation, it might be worth a small flutter on an alt, rather than pinning hopes on bitcoin doubling and continuing to double.

[Denker]

This is something everybody has to decide for himself.
In my opinion SegWit2x and this stupid BTC1 client is just another attempt to take control over Bitcoin, which imo will fail as the others did.Lots of noise, lots of FUD. I don't give a damn!
I take the SegWit part, however I will continue run my core client after that!Never ever will I run something the core devs where not involved with, what they not support and what is completely rushed. These NYA guys can fork off if they want and build their Jihancoin, Chinacoin or whatever, They will fail and come back.Many of them will destroy their reputation inside of the industry and won't be around anymore in 5 years!