After Aug 1st and SegWit

[hase0278]

I see a lot of threads talking about the BIG date regarding August 1st.

But there are no threads about whats going to happen after August 1st. There will be an August 2nd (My birthday) so lets talk about that...

Predictions/Price/ etc...


I want to hear some thoughts.


My plan is to buy up BTC in the coming weeks and HODL

If you will buy bitcoin make sure that there will be no hardfork because if there will be, I predict there will be a dump after august 1 so if it started to stabilize by that time, buy. There is also a possibility of it going up to unimaginable prices if bitcoin hardfork is good so it is better to buy one week before august 1 but don't go all in on fiat.

[digaran]

This is speculation worthy, move it there if you know how, if price drops below $1950 I'd sell everything if I paid more to buy them before and would wait 2 more weeks to buy some cheap coins at probably $1300. I'd be selling and cashing all my assets and buy Bitcoin at low prices, simply because it has the potential to pass $2800 2 months from now. safest thing to do now is to sell. but if you are rich enough and could afford to lose whatever you have invested then hold like Satoshi.

[Pursuer]

This is speculation worthy, move it there if you know how, if price drops below $1950 I'd sell everything if I paid more to buy them before and would wait 2 more weeks to buy some cheap coins at probably $1300. I'd be selling and cashing all my assets and buy Bitcoin at low prices, simply because it has the potential to pass $2800 2 months from now. safest thing to do now is to sell. but if you are rich enough and could afford to lose whatever you have invested then hold like Satoshi.

safest thing to do would have been to sell when price was still high. the dumbest thing always is to sell after the price has fallen and reached a bottom.

lets forget about everything else and only look at numbers.
price has fallen from $2900+ to $2000 and you have not yet sold. do you honestly think it is a good idea to sell now at the lowest price! it doesn't seem like a good plan to me. why have to held this long anyways and what changed. the reasons why you held in the previous $900 drop still exists and for the same reason you should hold.

and I doubt that price can go up to $2800 anytime soon in case it drops to very low prices like $1300. in which case a lot of money will go out and stay out.

[Anegg]

I see a lot of threads talking about the BIG date regarding August 1st.

But there are no threads about whats going to happen after August 1st. There will be an August 2nd (My birthday) so lets talk about that...

Predictions/Price/ etc...


I want to hear some thoughts.


My plan is to buy up BTC in the coming weeks and HODL

Well bitcoin just fell to exactly 2000$ USD, so if wanted to buy, I would definitly recommend buying a bit now, and then seeing if it drops even further, and them buying from there. This is what Segwit is causing to bitcoin, and it is making us all nervous and selling now. And to drop bitcoin even further, people are selling at, say 2200 USD, and then re-buying at a lower price.

Well what happens after the hard fork, if it does go through, should be quite simple. I would definitly speculate a re surge in Bitcoin's price and a drop in Alt coins. I would think that Bitcoin may hit 3k in the days after the hard fork.

[Vixmore]

Main prediction, as mentioned before, is that the hardfrork will be the outcome of August 1, and that prices will be quite high in the following few months. Sure, things may seem quite slow, and it also seems like prices are falling in the coming days/ weeks to this big day. But this is just the result of many people being quite scared of what the outcome is going to be and not actually thinking logically about the long term outcomes. Probably things will start out quite slow, but we will probably see a gradual increase in bitcoin's price that will break all previous records. I just dont understand why everyone is panicking and selling their investments just now. Im sure things will turn out just fine.

[examplens]

what is most safety wallet for hold bitcoin until 2.august?
I am using almost all of wallets, because of different reason. Is blockchain.info okay for this? how about exchanges?
I am not sure what is benefit from Segwit, it is very hard explained to the new user about bitcoin, now is there something new. Today bitcoin have simple rules, and i do not like any complications.

[ethereumhunter]

what is most safety wallet for hold bitcoin until 2.august?
I am using almost all of wallets, because of different reason. Is blockchain.info okay for this? how about exchanges?
I am not sure what is benefit from Segwit, it is very hard explained to the new user about bitcoin, now is there something new. Today bitcoin have simple rules, and i do not like any complications.

i think every wallet which we used or know is secure, this will work too with wallet in exchanges. because before one dev or on exchange want to release their product, they must tested it and if there are any bugs, they must fix before its released to public. i have my wallet in 7 exchanges, mycelium, jaxx, coinomi, coinpayments and i think its secure.

[loopes]

what is most safety wallet for hold bitcoin until 2.august?
I am using almost all of wallets, because of different reason. Is blockchain.info okay for this? how about exchanges?
I am not sure what is benefit from Segwit, it is very hard explained to the new user about bitcoin, now is there something new. Today bitcoin have simple rules, and i do not like any complications.

i think every wallet which we used or know is secure, this will work too with wallet in exchanges. because before one dev or on exchange want to release their product, they must tested it and if there are any bugs, they must fix before its released to public. i have my wallet in 7 exchanges, mycelium, jaxx, coinomi, coinpayments and i think its secure.

in my point of view when facing 1 August segregated witness better to move temporarily into bitcoin core or other more secure wallet.
although i can not said that store in exchanges is unsecure but most of the people said that saving coin on exchanges is very risky, moreover when segregated witness happens on 1 August. just do prevent actions before segregated witness.

[examplens]

what is most safety wallet for hold bitcoin until 2.august?
I am using almost all of wallets, because of different reason. Is blockchain.info okay for this? how about exchanges?
I am not sure what is benefit from Segwit, it is very hard explained to the new user about bitcoin, now is there something new. Today bitcoin have simple rules, and i do not like any complications.

i think every wallet which we used or know is secure, this will work too with wallet in exchanges. because before one dev or on exchange want to release their product, they must tested it and if there are any bugs, they must fix before its released to public. i have my wallet in 7 exchanges, mycelium, jaxx, coinomi, coinpayments and i think its secure.

i am first use blockchain and because of high fee going to coinbase and electrum. also i have something on Xapo and almost all exchanges.
with this bitcoin price drop my dollar portfolio are devasted i hope after 2nd august will back.

[SMSabuj]

I see a lot of threads talking about the BIG date regarding August 1st.

But there are no threads about whats going to happen after August 1st. There will be an August 2nd (My birthday) so lets talk about that...

Predictions/Price/ etc...


I want to hear some thoughts.


My plan is to buy up BTC in the coming weeks and HODL

Exactly, I agree with you. I am not scared about Bitcoin dumping. I believe Bitcoin will pump again soon. That's why I think it's the time to buy and hold Bitcoin. It's the Golden Chance for everyone. It's my personal opinion.

[mrayazgul]

I see a lot of threads talking about the BIG date regarding August 1st.

But there are no threads about whats going to happen after August 1st. There will be an August 2nd (My birthday) so lets talk about that...

Predictions/Price/ etc...


I want to hear some thoughts.


My plan is to buy up BTC in the coming weeks and HODL

If you will buy bitcoin make sure that there will be no hardfork because if there will be, I predict there will be a dump after august 1 so if it started to stabilize by that time, buy. There is also a possibility of it going up to unimaginable prices if bitcoin hardfork is good so it is better to buy one week before august 1 but don't go all in on fiat.

Keeping all in bitcoin and keeping all in USD / Fiat is not a good idea. Sell some bitcoins now, see the market regularly and play with the news. Thats the best way to avoid loss in either case of bitcoin going up or down.

[bs.glory]

Some would say it probably goes higher, the BTC, while some say it will decrease. I'm still in a verge of reviewing the possibilities, although for this August 1, we'll gonna make it through. Let's make this happen whatever it might be, I'll still use bitcoin for mining and be involved on the statements and issues.

[xbiv2]

Have all answers.
Easy topic:
https://bitcointalk.org/index.php?topic=2007635.msg19988238#msg19988238
Complex topic:
https://bitcointalk.org/index.php?topic=2018878.msg20119234#msg20119234

[Gluestack]

The situation is pretty complicated today, specially on those having ETH, theu are panik

[williamuk]

My main question is what version of Bitcoin will be best after the hard fork: the miner version or the BIP141 version?

I get the feeling a lot of people want to stay with the miners version to avoid rocking the boat even if that means a few miners having a stranglehold on the currency and possibly killing it in the long run.

The BIP141 version sounds more interesting in that it aims to reduce the power of a few miners and their ability to set transaction fees as they wish. On the other hand the initial lack of miner adoption might kill it at birth.

Is this correct?

I'm finding it hard to get useful information on this. Too many oracles, not enough analysts  

Edit to add: This thread seems to answer these questions but it's 69 pages long  
https://bitcointalk.org/index.php?topic=1928093.80

Re-edited to correct a major misunderstanding

[gandame]

A lot of people here talking about august 1 and about segwit some are panic because of that bitcoin now are going down and i wait for that moment for me to buy. And all altcoin also are falling like ether waves and many project now are used waves and ether contract. i think its all affected because of that segwit.

[ahmedjamal1998]

The price is about $1800 now for one bitcoins which is very  low for the past period of time.
This was actually expected as ppl want to play it safe so they cash out.
Price dumping before August first doesn't worry me, what really does is what happens after.

Hopefully it goes up or at least gets back to normal $2500+.
The thing is all altcoins depend on btc price (therefore altcoin mining). And since I'm mining I want it to get back up ASAP

[harkonnen]

bitcoin will split into two chains, one that will have segwit activated, the other one will now. So there you go, there will be a version with segwit live on August 1. You just have to make sure that your exchange, or your wallet supports segwit before the transition and your coins will be bitcoin with segwit. Make sure you are on the right side when this come because one coin will die. Also I suggest you to diversity your investment and buy litecoin, it already has segwit, so if bitcoin activates segwit succesfully you win, and if not litecoin already has segwit you will win there as well.

[labuan]

do not panic.
Panic things that we need to hid, because it greatly affects the decline. But it is also necessary to decrease in order to balance.

[izanagi narukami]

bitcoin will split into two chains, one that will have segwit activated, the other one will now. So there you go, there will be a version with segwit live on August 1. You just have to make sure that your exchange, or your wallet supports segwit before the transition and your coins will be bitcoin with segwit. Make sure you are on the right side when this come because one coin will die. Also I suggest you to diversity your investment and buy litecoin, it already has segwit, so if bitcoin activates segwit succesfully you win, and if not litecoin already has segwit you will win there as well.

Let say if I choose the correct one, will bitcoin value will back increase like golden days like ever before ?
Actually I'm also worried and my friend also yelling on me and asking my opinion about SEGWIT things.
Ofcourse I need to calm them and myself for preventing any bad action