Cash-out or buy Alts before August 1?

[magneto]

What the best choice?

I think that you're thinking that 1st August will certainly end in a chain split, but this has not been confirmed by anyone and the future is quite uncertain. The worst scenario is obviously a chain split and two or maybe more networks running alongside each other but that could be different from reality.

Anyways, i'm cashing out 80% right now. Price is sky high, nearing the all time high actually. Nothing to lose if you sell now, the worst you can do is lose a couple of hundred bucks in potential profits. But the risk is high, imo and it's best to wait it out, buy back in 7st August or so, 1 week after the 1 August date.

Whatever you do, hold your own private keys if you decide to hold any sort of bitcoin. Don't hold anything on coinbase, coinjar, xapo, etc.

[Netnox]

What the best choice?

I think that you're thinking that 1st August will certainly end in a chain split, but this has not been confirmed by anyone and the future is quite uncertain. The worst scenario is obviously a chain split and two or maybe more networks running alongside each other but that could be different from reality.

Anyways, i'm cashing out 80% right now. Price is sky high, nearing the all time high actually. Nothing to lose if you sell now, the worst you can do is lose a couple of hundred bucks in potential profits. But the risk is high, imo and it's best to wait it out, buy back in 7st August or so, 1 week after the 1 August date.

Whatever you do, hold your own private keys if you decide to hold any sort of bitcoin. Don't hold anything on coinbase, coinjar, xapo, etc.

BIP 91 is locked in and therefore a chances of split is very low. Even if a split happens, it is most likely to be in the form of a separate altcoin, and not in the form of a blockchain split. So your strategy can turn out to be very risky.

[Question123]

Dont panic , suggest dont sell your bitcoin just hold it because we dont know what will happen in bitcoin in august1 if the price down or increse . But I hope it will increase so I can make a lot of profit . Many people want to sell their bitcoin because many people said price down in that date. But if you have no choice I suggest  dont cash out your bitcoin its better to buy altcoin incase bitcoin not decrease.

[StevenRA]

Now that it's back up to previous highs, I don't think you have to feel bad about selling. But if price drops again in anticipation, I'd certainly buy cheap and look to profit from the uncertainty.

[YOYOY]

Well, for me I will probably buy some altcoins but I would never cash out my bitcoins because of the incoming Segwit. There's nothing to be panicked for because everything is gonna be alright. I'll try not to withdraw it and buy some altcoins because I need to see what would really happen during the Segwit or should I say I am experimenting what would really happens in that instance, just to be safe.

[megynacuna]

Well, for me I will probably buy some altcoins but I would never cash out my bitcoins because of the incoming Segwit. There's nothing to be panicked for because everything is gonna be alright. I'll try not to withdraw it and buy some altcoins because I need to see what would really happen during the Segwit or should I say I am experimenting what would really happens in that instance, just to be safe.

I totally agree with you, it's just wise to wait and hold your bitcoins and observe what happens after August 1. I don't think you'll forgive yourself after selling now and realizing a pump after August 1. So it will definitely pay to wait from my observations.

[freedomno1]

It depends on if you trust the miners in the long run now as we have passed the BIP 91 point
Now there is almost no turning back but we aren't settled yet.
https://bitcoinmagazine.com/articles/bip-91-has-activated-heres-what-means-and-what-it-does-not/

[madwica]

Well, for me I will probably buy some altcoins but I would never cash out my bitcoins because of the incoming Segwit. There's nothing to be panicked for because everything is gonna be alright. I'll try not to withdraw it and buy some altcoins because I need to see what would really happen during the Segwit or should I say I am experimenting what would really happens in that instance, just to be safe.

I totally agree with you, it's just wise to wait and hold your bitcoins and observe what happens after August 1. I don't think you'll forgive yourself after selling now and realizing a pump after August 1. So it will definitely pay to wait from my observations.

As far as i know we do not know when they resume the transactionof bitcoin after august1, that is why for me i exchange my bitcoin in our currency but it will remain in my bitcoin local wallet.
If bitcoin value goes down i am ready to buy it and have capital for invest again because if you put all your bitcoin into altcoin you will wait for more days to sell it.

[michellee]

Well, for me I will probably buy some altcoins but I would never cash out my bitcoins because of the incoming Segwit. There's nothing to be panicked for because everything is gonna be alright. I'll try not to withdraw it and buy some altcoins because I need to see what would really happen during the Segwit or should I say I am experimenting what would really happens in that instance, just to be safe.

I totally agree with you, it's just wise to wait and hold your bitcoins and observe what happens after August 1. I don't think you'll forgive yourself after selling now and realizing a pump after August 1. So it will definitely pay to wait from my observations.

i still holding my bitcoin although its not much and i am not cash out until right now because i want to waiting for 1st august. but if you still have more bitcoin then maybe you can buy more altcoin because i think it still best time to buy the altcoin while the price is in lower price. after you buy altcoin, you only need to waiting for the each pump of the altcoin.

[audaciousbeing]

The moment we begin to make our decisions based on events coming up the more volatile the price of bitcoin will become to be swings by the direction of events but when we all maintain our position with the mindset that August 1  will come and go and the players will still be us, then  indirectly we are promoting the stability of bitcoin and if any one wants to sell, let him/ her go ahead without dragging others along with him.

[CheapVccSeller]

Convert to usdtether and see how it plays out.

[lighpulsar07]

No. There is nothing to worry now BIP 91 is activated now the possible chain split is now been avoided so, you do whatever you want in bitcoin. For now you should check coin.dance/blocks to see what's going on in the proposal.

Hold bitcoin in a wallet where you control the private keys so you can get your BitcoinCash: http://www.bitcoincash.org

I have a question, what wallet should i use except bitcoin core should i use? my bitcoins are in exchange at the moment

[Seanzqt]

Bitcoin seems to be struggling at the moment, lets watch 

[Blitzboy]

Converting your bitcoin and alts into tether is the best way because it will make everything more flexible and easier for you to buy back bitcoin and alts anytime you like. If you cashout all of your money, it will take a longer time for you to buy bitcoin and start trading again. Try to exchange them on bittrex or poloniex. Bittrex do give you fully control on both bitcoin and bitcoin cash in case that the blockchain split into 2

[kryptqnick]

It depends on if you trust the miners in the long run now as we have passed the BIP 91 point
Now there is almost no turning back but we aren't settled yet.
https://bitcoinmagazine.com/articles/bip-91-has-activated-heres-what-means-and-what-it-does-not/

If we talk about bitcoin then definitely, but the author of this thread is asking about altcoins. As for them, I believe there is no way in which btc segwit stuff can effect them. Alts are built of different platforms and the popular ones have definitely no connection with bitcoin. People can start selling just as they can start buying them whatever happens t bitcoin. Thus I think that the choice whether to buy or sell alts till the 1 of August should have nothing to do with bitcoin.

[flippener]

IMHO, simple answer:

• Hodl.
• To be safest, move into offline storage before 1st August.

[JimmieA]

In the current situation and based on some  information, I think in the future btc prices will increase. And of course, what we need to do is keep btc and do not switch to altcoins. Because btc may attract a large amount of investment in the coming time and this will cause the price of the altcoins to decrease. And if you keep altcoins, you will lose some money.Surely, that is not fun at all.

[hatshepsut93]

Alts will not preserve your USD value in case of Bitcoin's crash, they will tank with it. Why? Because alts are traded against BTC, very few alts like ETH or XRP are traded against USD, and even then their BTC volumes are overwhelmingly higher than USD volumes. So, BTC price drags alts price, and you can esily check it on coinmarketcap by switching between BTC and USD prices. Of course there are diviations caused by alts change of value due to news and speculation, but in general this pattern is very strong.

[basesaw]

It is now officially locked in. The BIP91 was about to be activated. all alts now are mooning so for me it is better to invest now to gain some on this drama. this will be the beginning of mooning of bitcoin. some says that it could hit $4000 usd and so. so Just buy and hold guys.

[tomotan]

I do not understand this whole panic..keep calm people