brandeany (OP)
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July 13, 2017, 08:53:45 AM |
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Most of people speculate bitcoin dump because of 1st Aug event. But this is one of my assumptions: most of people will withdraw their bitcoin to the wallet, there will be less bitcoin on exchange causing low supply >>> price will increase. What's your opinion?
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OmegaStarScream
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July 13, 2017, 10:13:11 AM |
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If people are speculating a price dump Its because there is a chance of a chain split, If that happens some people will be interested in buying one coin while others buying the other one that what will cause the dump. If everything goes as planned and there is no chain split then I don't see any reason on why we should see a huge price decrease, maybe a little bit because some people will panic and sell. A pump is unlikely at first but could definitely happen a few weeks later.
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favila
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July 13, 2017, 10:15:20 AM |
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I think there will be a pump because people will stop being afraid of a fork that will never happen.
Whether people withdraw to their wallets or not is irrelevant because if people really are afraid there will be lower supply yes but also lower demand. The real issue is whether you believe in a minority of users with no mining power being able to make any kind of significant fork.
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bikerleszno
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July 13, 2017, 10:36:50 AM |
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It can be time people will buy altcoins  |
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maokoto
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July 13, 2017, 10:42:16 AM |
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I would not discard that completely. Perhaps even some exchanges will fight the withdraws of funds putting higher prices to compensate. It is very uncertain.
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crazyivan
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July 13, 2017, 10:48:33 AM |
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It can be time people will buy altcoins YES! That s why I dont get. If u re afraid of BTC split, FFS, buy alts. Dont buy sell alts and buy BTC. |
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Humanxlemming
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July 13, 2017, 11:16:22 AM |
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First of all I want to talk about the August 1 event where there would be a split on the mining and the bitcoin itself. It is something scary because of the alts and the bitcoins in your wallet might disappear. I've found an article saying that there would be a dump in bitcoin and altcoins. But the real thing here is that some of the bitcoins cannot be use because of the split it might become invalid.
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Variogam
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July 13, 2017, 11:18:08 AM |
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The real issue is whether you believe in a minority of users with no mining power being able to make any kind of significant fork.
Such minority chain with very little hashpower cannot work - its going to be attacked from every corner and no sane person going to use it. But kudos to these few people spreading propaganda and uncertainity their miority UASF BIP148 on 1st Aug can work, shorters sees profit so far because of their work. |
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lumeire
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July 13, 2017, 11:54:12 AM |
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It can be time people will buy altcoins The thing is most of the alts got their price hooked to BTCBTCBTC too. Except the big ones of course. |
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bitllionaire
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July 13, 2017, 12:11:40 PM |
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First of all I want to talk about the August 1 event where there would be a split on the mining and the bitcoin itself. It is something scary because of the alts and the bitcoins in your wallet might disappear. I've found an article saying that there would be a dump in bitcoin and altcoins. But the real thing here is that some of the bitcoins cannot be use because of the split it might become invalid.
i do not think that the price of bitcoin will fell down any more it is going to continue increasing from time to time and we can see that even in current situation the price of bitcoin is trading too much stable. |
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BitcoinHodler
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July 13, 2017, 12:13:27 PM |
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Most of people speculate bitcoin dump because of 1st Aug event. But this is one of my assumptions: most of people will withdraw their bitcoin to the wallet, there will be less bitcoin on exchange causing low supply >>> price will increase. What's your opinion?
actually most people are speculating "things are not clear" and because of that anything is possible. the only reason for the price drop is the fear of a fork and a split because of it. but if that date comes and none of that happens, things will change fast from a drop into a big ass rise. because that "fear" that i told you about will no longer exist. |
Holding Bitcoin More Every Day
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AgonyPaid
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July 13, 2017, 01:45:53 PM |
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Most of people speculate bitcoin dump because of 1st Aug event. But this is one of my assumptions: most of people will withdraw their bitcoin to the wallet, there will be less bitcoin on exchange causing low supply >>> price will increase. What's your opinion?
actually most people are speculating "things are not clear" and because of that anything is possible. the only reason for the price drop is the fear of a fork and a split because of it. but if that date comes and none of that happens, things will change fast from a drop into a big ass rise. because that "fear" that i told you about will no longer exist. I think that this will happen. The closer the date of August 1 approaches, the more the newcomers will panic. But after this date, people will want to go back to bitcoin and buy coins. This will lead to a rise in price of the coin |
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NUFCrichard
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July 13, 2017, 01:52:42 PM |
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Buy the rumour, sell the fact is the old trading proverb.
In this case it would be sell Bitcoin before the possible fork, then on August 1st it would be time to buy, when the fact is know.
I can imagine that that would be the right way to go too, sell now, let the market fall due to uncertainty, then buy back low and wait for it to rise after the uncertainty is over.
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Denker
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July 13, 2017, 02:32:50 PM |
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Buy the rumour, sell the fact is the old trading proverb.
In this case it would be sell Bitcoin before the possible fork, then on August 1st it would be time to buy, when the fact is know.
I can imagine that that would be the right way to go too, sell now, let the market fall due to uncertainty, then buy back low and wait for it to rise after the uncertainty is over.
Maybe the market pumps after you sold your coins.Then corrects down to a higher low as before and you still have to buy back in on a higher price. Just because your assumption seems logical to you doesn't mean it will happen that way. Therefore I would be really cautious with selling now. Bitcoin always tends to react pretty strange when many people think this or that has to happen at a certain point in time. |
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Pierre 2
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July 13, 2017, 02:34:25 PM |
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I think that if everything goes alright, there will be pump instead of dump.
But before 1st of august, there will definitely be dumps. People are nervous.
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Nivir
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July 13, 2017, 02:41:10 PM |
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Yes. Segwit happening soon and there will be no split as what the fudsters are spreading. I am not 100% sure but I am just confident that split won't happen. When segwit gets appropriate numbers bitcoin will be breaking another ath.
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hahay
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July 13, 2017, 03:21:57 PM |
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At first I'm sure the bitcoin price will be pumped after 1 August. But, i think if this chain split happens it will probably create a chaotic situation and maybe i will sell half of the balance i have in my wallet and the rest i will save because I'm still a little bit confident if bitcoin prices will be pumped maybe in mid-August or longer .
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Kprawn
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July 13, 2017, 03:44:08 PM |
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At first I'm sure the bitcoin price will be pumped after 1 August. But, i think if this chain split happens it will probably create a chaotic situation and maybe i will sell half of the balance i have in my wallet and the rest i will save because I'm still a little bit confident if bitcoin prices will be pumped maybe in mid-August or longer .
This whole Chain split thing are causing a lot of troubles. People do not understand the technical aspects of this event and they will make bad decisions based on their lack of understanding. I know some members has explained most of the things that might or might not happen, but for non-technical people this is a nightmare. The whole market will stagnate for a while, until the scaling uncertainties has sorted it self out. Will you invest in something you do not understand  |
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DrGuns4Hands
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July 13, 2017, 03:49:18 PM |
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well i dont know if it will be the reason of the bitcoin price to pump but if the chain split will happen im really sure that will be a nightmare for all users in bitcoin i hope this issue will be resolve as soon as possible . even tho august 1 is nearly coming to us. there's a lot of people who will gonna sell their bitcoin on a 1 week before august 1st come but im not gonna sell my bitcoins because bitcoin will surely grow continuously.
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Teraboy
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July 13, 2017, 03:52:46 PM |
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Most of people speculate bitcoin dump because of 1st Aug event. But this is one of my assumptions: most of people will withdraw their bitcoin to the wallet, there will be less bitcoin on exchange causing low supply >>> price will increase. What's your opinion?
It makes sense for me, I already got some notice about the upcoming hardfork and there are some possibilities will have followed by me to save my bitcoin in my wallet. I think after the segwit activation in august the price of bitcoin will only increase. Some said that the spliting chance already gone. |
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