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Author Topic: 1st August questions - can you invest safely?  (Read 1587 times)
jackflag
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July 10, 2017, 11:07:02 AM
 #21

So im looking to invest into bitcoin and because it's hard to determine whether price will drop or raise after 1st of August i have decided to invest a certain percent now, and the rest after 1st of August.
Is it safe to buy Bitcoins right now, and by safe i mean - in case of a fork, i have read some things about a chain being completely neglected as if it never happened. Am i safe to buy my BTC now and send them to my storage or is there a possibility in which that transaction becomes "neglected as it never happened" and the btc will disappear from my wallet?
Is it safe to purchase Bitcoins after 1st of August or once a fork happens? Any catches or things i should be looking at?

Just don't want to screw myself over because of my lack of knowledge. Appreciate all replies!

No matter what is safe in the present, everything is still blurry, we can not affirm anything, we always have to prepare ourselves for the worst situation, I will not Continuing to invest in bitcoin, but I will keep what I have at present.






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July 10, 2017, 11:23:36 AM
 #22

So im looking to invest into bitcoin and because it's hard to determine whether price will drop or raise after 1st of August i have decided to invest a certain percent now, and the rest after 1st of August.
Is it safe to buy Bitcoins right now, and by safe i mean - in case of a fork, i have read some things about a chain being completely neglected as if it never happened. Am i safe to buy my BTC now and send them to my storage or is there a possibility in which that transaction becomes "neglected as it never happened" and the btc will disappear from my wallet?
Is it safe to purchase Bitcoins after 1st of August or once a fork happens? Any catches or things i should be looking at?

Just don't want to screw myself over because of my lack of knowledge. Appreciate all replies!

No matter what is safe in the present, everything is still blurry, we can not affirm anything, we always have to prepare ourselves for the worst situation, I will not Continuing to invest in bitcoin, but I will keep what I have at present.
I think so, because those said the first august it will not be the actual date for the hardfork of bitcoin, i've read the hardfork can be activated anytime. And it depends on the how the miners are agree to activating the scaling agreement.

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JosNekoKopa
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July 10, 2017, 11:25:41 AM
 #23


FEAR IS A LIAR!
We all know what can happen and what will be results, just enjoy summer, if you have spare dollar's place some orders lower and wait. When summer ends you will be fresh and satisfied! Avoid been cough in panic, or afflicted with nonsense lies on social networks. Vacation is probably best solution!
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July 10, 2017, 11:56:38 AM
 #24

We all know what can happen and what will be results, just enjoy summer, if you have spare dollar's place some orders lower and wait. When summer ends you will be fresh and satisfied! Avoid been cough in panic, or afflicted with nonsense lies on social networks. Vacation is probably best solution!

I think this is a good reminder for all of us. I've simply decided to more or less go along with whatever I'm doing now regardless of what happens. This means that I continue with my current diversification (some alts, some tokens, some investments). I was thinking to liquidate all btc investments and keep them on my wallet for the possible fork, but then, I wouldn't really have anything substantial to gain from having yet another alt I didn't want.

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July 10, 2017, 04:50:08 PM
 #25

We all know what can happen and what will be results, just enjoy summer, if you have spare dollar's place some orders lower and wait. When summer ends you will be fresh and satisfied! Avoid been cough in panic, or afflicted with nonsense lies on social networks. Vacation is probably best solution!

I think this is a good reminder for all of us. I've simply decided to more or less go along with whatever I'm doing now regardless of what happens. This means that I continue with my current diversification (some alts, some tokens, some investments). I was thinking to liquidate all btc investments and keep them on my wallet for the possible fork, but then, I wouldn't really have anything substantial to gain from having yet another alt I didn't want.

Thats the best approach and advise i have seen so far. Go with your currenct trade and do not panic sell anything, not even altcoins. Soon this drama will be over and those who survived this and did not get panic, will be the ones who will really enjoy bitcoin at 5000$. Wink

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July 10, 2017, 05:18:53 PM
 #26

So im looking to invest into bitcoin and because it's hard to determine whether price will drop or raise after 1st of August i have decided to invest a certain percent now, and the rest after 1st of August.
Is it safe to buy Bitcoins right now, and by safe i mean - in case of a fork, i have read some things about a chain being completely neglected as if it never happened. Am i safe to buy my BTC now and send them to my storage or is there a possibility in which that transaction becomes "neglected as it never happened" and the btc will disappear from my wallet?
Is it safe to purchase Bitcoins after 1st of August or once a fork happens? Any catches or things i should be looking at?

Just don't want to screw myself over because of my lack of knowledge. Appreciate all replies!

My understanding is that if you own 1 bitcoin when a fork happens, you will then own 1 of each coin in the fork. Most likely one will survive and the other will fail (or become almost worthless). You'll end up with 1 of the successful fork so no harm done. If anyone can clarify that, please do so.
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July 10, 2017, 05:21:40 PM
 #27

I was thinking to liquidate all btc investments and keep them on my wallet for the possible fork

That would be extremely risky. If the fork succeeds, then the exchange rates can easily cross the $5,000 mark. Because I have a feeling that BTC is heavily under-valued right now, as some of the institutional investors have pulled out.


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July 10, 2017, 05:27:48 PM
 #28

So im looking to invest into bitcoin and because it's hard to determine whether price will drop or raise after 1st of August i have decided to invest a certain percent now, and the rest after 1st of August.
Is it safe to buy Bitcoins right now, and by safe i mean - in case of a fork, i have read some things about a chain being completely neglected as if it never happened. Am i safe to buy my BTC now and send them to my storage or is there a possibility in which that transaction becomes "neglected as it never happened" and the btc will disappear from my wallet?
Is it safe to purchase Bitcoins after 1st of August or once a fork happens? Any catches or things i should be looking at?

Just don't want to screw myself over because of my lack of knowledge. Appreciate all replies!

First, there are already lots of speculations revolving here in the community and even on the internet on what should expect to happened on after August 1. Check that out.

Second, compile all positive and negative things based on your own preferences.

Third, analyzed what you will do - if you buy consider it as loss - if you sold (assuming you already have bitcoins on hand) - consider that as profit.

Lastly and put up in mind that no person here can state what will be the exact result of the drama that will happened. It's all about guts. Take it or leave it.

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July 10, 2017, 05:37:23 PM
 #29

My understanding is that if you own 1 bitcoin when a fork happens, you will then own 1 of each coin in the fork. Most likely one will survive and the other will fail (or become almost worthless). You'll end up with 1 of the successful fork so no harm done. If anyone can clarify that, please do so.
"A softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. Since old nodes will recognise the new blocks as valid, a softfork is backward-compatible. This kind of fork requires only a majority of the miners upgrading to enforce the new rules." Bitcoin Wiki https://en.bitcoin.it/wiki/Softfork

If the SegWit2x option win then there won't be any hard fork until later this year, only then we will have 2 MB hard fork.
Bitcoin upgrade is something new and unique and there is no way to tell how people will react when it will finally happen, even if there won't be any technical issues linked to it.

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July 10, 2017, 05:48:07 PM
 #30

Video already Thanks to this information about the August 1 raised the wave and people began to panic. Today I have been watching the market for a whole day and I see that it excites me very much. Almost all currencies go down. Probably those who started this wave have achieved their result.

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July 10, 2017, 07:15:36 PM
 #31

hmm buying bitcoin now i think is crucial specially before august 1 because some of the people or users in bitcoin gonna sell their bitcoin 1 week before the august 1 comes so basically bitcoin price will drop and that's the best time for you to invest bitcoin and wait till it grows on 2025 but im not part of those who will gonna sell their bitcoin because i believed that bitcoin will still gonna grow and make my bitcoins up to thousands.

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July 11, 2017, 02:35:36 AM
 #32

hmm buying bitcoin now i think is crucial specially before august 1 because some of the people or users in bitcoin gonna sell their bitcoin 1 week before the august 1 comes so basically bitcoin price will drop and that's the best time for you to invest bitcoin and wait till it grows on 2025 but im not part of those who will gonna sell their bitcoin because i believed that bitcoin will still gonna grow and make my bitcoins up to thousands.

If there are a lot of people selling before August 1, there is a reason for them doing so. There is a risk associated with the fork, and those people want no part of it. It doesn't mean that everybody should avoid bitcoins before August 1. Those with higher risk tolerance can continue to invest in Bitcoin.
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July 11, 2017, 09:47:41 AM
 #33

Contrary, i will invest more especially in alts, i will hold it until "BTC not resolves itćs issues", or should i say when this madness stops. People forgetting facts, once in a while we must have bad news,critical forte future of BTC. Those who know what is this all about can't waiting for a cheap coins, and just won't ruin this good opportunity by playing good Samaritans..
At least i'm not selfish Wink.
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