Bitcoin at Exchanges on August 1

[krishnapramod]

Technically what could happen to transaction on August 1st?   

Technically what happens during home maintenance, cover the valuables, you step out, let the work be finished. The same thing here, safeguard your valuable bitcoins where you own the private keys, there would be some network instability, avoid transactions at this time, once network stabilizes just carry on.

Just don't store your bitcoins in exchanges. If a split happens, no matter what the contingency plan of exchanges is, it's always risk free when you have total control over your coins.

[spadormie]

Try to store your bitcoins on cold wallets. Because bitcoin in exchanges are not safe. Only the alternative coins are safe in exchanges. Or store bitcoins on wallets that has private key to make it safe. Or store it on the wallets you put your trust on.

[Natalim]

Try to store your bitcoins on cold wallets. Because bitcoin in exchanges are not safe. Only the alternative coins are safe in exchanges. Or store bitcoins on wallets that has private key to make it safe. Or store it on the wallets you put your trust on.

This is correct make sure you have the private key of your bitcoins to make it safe,
or other option is to convert it to top altcoins like ETH, Litecoins, DASH. We have to be safe this coming segwit and if you
observe the market dump nowadays, that would already tell people are on panic.

[wxa7115]

Try to store your bitcoins on cold wallets. Because bitcoin in exchanges are not safe. Only the alternative coins are safe in exchanges. Or store bitcoins on wallets that has private key to make it safe. Or store it on the wallets you put your trust on.

This is correct make sure you have the private key of your bitcoins to make it safe,
or other option is to convert it to top altcoins like ETH, Litecoins, DASH. We have to be safe this coming segwit and if you
observe the market dump nowadays, that would already tell people are on panic.

There is a third option which is to convert your bitcoin into fiat and buy again once everything settles, the only problem with this is that if the price goes up you will buy a lot less bitcoin that what you could buy in the past, so that option also has some risks attached to it.

[crypteris]

Everything depends on the outcome. If it goes smoothly, then the market will be operating as usual. If it is tough, then there will probably be temporary trading halts at the exchanges