Cash-out or buy Alts before August 1?

[Coffee135]

People do not understand that the more they panic the more money they lose. I did not try to persuade will. I keep calm and know that the price will return to the scene and will continue to grow.

[bitcub]

Cashout is also a good choice. But for me, I just bought USDT at 2800usd, I also have some USDT bought at 2700 and 2600. Lets see how long Bitcoin will dump before August 1, I am sure lots of people will sell panic. I am going to buy on August 2

[btvGainer]

What the best choice?

I think cashing out would be a blunder as you might not be able to buy any soon if there's no big split and price go up.
I have converted half of my btc to some good Alts (like ETH,XMR,LTC,ICN etc) and keeping half in btc.
If btc goes down,I will wait and hold till market recovers but if btc goes up (higher chances) than I will convert all my Alts to btc

[ultramode]

I cashed out at 2850 price. I am waiting for a fall.. 

[Raven91]

What the best choice?

There is no need to worry there is no more split that will happened the segwit is already successful so i guess holding is one of the best thing today also maybe the bitcoin market value will continue to increase up to the upcoming august 1 so i guess better for us to just hold the bitcoin because it will be a good profit.

[grermezter]

What the best choice?

I just read a thread by the main forum administrator where he gave some points on what and what not to do before the day finally comes, The most important thing he said was dont have bitcoins in third party bank where you are not able to export the private keys for your BTC. If thats the case then your BTC will definitely be at risk, there is no need to cash out, ensure that you can export your bitcoins so that in the case of a possible split, you can recover your bitcoins.

[Blamsud]

I cashed out at 2850 price. I am waiting for a fall..  

Yep! The next fall on price will be on fall season after the locked down of BIP 91 expires and bitcoin split issue will be reopen again. That is the only way for bitcoin investors to panic again even though it is not worth it to panic.

[Quietman]

I just converted my bitcoins into our currency. Hoping for discounted days for bitcoin. I would be willing to buy bitcoins and hold it until it recovered its price.

[Victorycoin]

What the best choice?

The "Bitcoin is going to split" drama thing has been ended recently. Bitcoin Improvement Proposal 91 (BIP91) locked-in recently and the possibility of Bitcoin chain split is slowly being erased on the minds of the community. Thus, nothing is to be worried about as of now and you can keep your bitcoins safely in your wallet.

Do we take it you're now the spokesperson of the core/developers to have reached such a decision? With your BIP91 maneuvering to outsmart the proponents of UASF, check again to confirm you're about to bid Bitcoin goodbye and you are about to end up with an altcoin, Bitcoin stays with the Cores.

For the ones that're hard to understand, Segwit and Segwit2x represents two entirely different things!

[stingers]

I hope all the replies above made clear to you that there is nothing worth panicking anymore
Blocks will follow segwit, everything's same.
Think with a neutral mindset now. Selling BTCs for alts right now is same as doing it any other time.  Your call.
I've got all my money in bitcoins right now and don't plan to shift to any altcoins any soon because i believe bitcoin's price gonna rise in very near future.

[Vishnu.Reang]

I just converted my bitcoins into our currency. Hoping for discounted days for bitcoin. I would be willing to buy bitcoins and hold it until it recovered its price.

I don't know... But you may regret your decision later. The BIP 141 may get locked in before August 1, and therefore a possibility of the split may be averted. In that case the exchange rates may go up suddenly without any warning. You may not get enough time to buy them back.

[hahay]

What the best choice?

The choice I'm going to take is to sell all the bitcoins if you do not confidence to hold your bitcoin because worried of chain split happened. Selling it all now while the price is still high because the possibility of the day before 1 August there will be a big dump, just IMO. And you can buy it again after 1 August when the price is still low because I'm sure in this year or to the end this year the price will continue to increase and it seems there will be big pump after 1st of August. Just IMO!

[moviebuff777]

What the best choice?

The choice I'm going to take is to sell all the bitcoins if you do not confidence to hold your bitcoin because worried of chain split happened. Selling it all now while the price is still high because the possibility of the day before 1 August there will be a big dump, just IMO. And you can buy it again after 1 August when the price is still low because I'm sure in this year or to the end this year the price will continue to increase and it seems there will be big pump after 1st of August. Just IMO!

It's not a bad idea to go ahead and sell before Aug 1. But you also may be able to find a cheap altcoin to buy as well. Either way you may be able to reposition yourself if there is a price drop for bitcoin.

The price right now is pretty high so you probably would not be losing money by selling and you could protect your investment a little.

[dothebeats]

Make the most out of every situation. Honestly most of us here are trying to make more money out of bitcoin, and selling at a high price and buying at the lows is the best way to make money. Also, August 1 seem to be positive as I can see it. Fork has been avoided at least for now and there seems to be no negative happenings before or after Aug. 1.

[harjas2517]

There is no need to panic about sell your Bitcoin or buy Alt Coins before 1st of August. But My approach is different for 1st of Aug if market will rise aggressively then you will repent on your decision so it would not be a wise desicion to sell the bitcoin. I would hold my Bitcoins  rather than selling. Bitcoin has big potential my friend.

[Chicago]

I think  you should only hold btc, altcoins will dump deeply if something goes wrong after Aug 1 . but it's ur decision to make.

This is by far the most stupid advice I ve ever hear. What do you think, genious, will happen with BTC price IF something goes wrong with BTC after the SegWit2x which is strictly BTC related?

In other words, if something gets to be broken with BTC, will BTC price dump??? Or will alts dump?

Stop embarrassing yourself, read a bit.

Hello crazyivan,

    So tell me... these alts you hold which you buy in relative terms to BTC, at some particular number of Satoshi per coin...  just how exactly would you plan to cash out and be profitable?

    Alt on day 1 = 5,000 Satoshi.
        BTC on day 1 = X

    Alt on final trade day = 5,000 Satoshi.
        BTC on final trade day = some fraction of X

    How would you cash out the altcoin without losing money?

    In your projected scenario, the altcoin would have to be growing in value at the moment you purchase it, significantly, to offset any loss in BTC (and hence fiat) on the trade when you take profit.

    In other words, you can't take a trading pair of altcoin to Bitcoin and expect to be able to cash out with a profit in the event Bitcoin crashes hard.  The maths don't work.

Best Regards,
-Chicago

[mmhaimhai]

I'll prefer to be safe and don't take such risk. Before August 1 I would cash out all my btc anyways price is pumping continously this past few days and I was able to buy some when price dump down to 90k last week so I already have almost 30% profit if I cash out my btc few days from now. After august 1 I'll observe how bitcoin would move and if it goes well I'll be back investing for it again.

[Webetcoins]

cash out? cash what out? this is bitcoin, the only decent decentralized cryptocurrency with a scarce and limited number of coins. if you hold any amount you are holding a share of this coin of the future.

forget about the short term silliness if you are not a trader, and stick to reality in the long term. move any coin you have to cold storage and forget about it for a couple of years, then come here and thank me.

well a lot of people are thinking about to sell their bitcoins because they are thinking that the price of the bitcoin will fell down after august but I think it will be a kind of change for those who still hold their bitcoins and did not sell according to me the best choice is to buy some more bitcoins and hold it till the august first.

[JL421]

It's better to buy coz till now idk why altcoins value is still down only selected coins are rising but all the main coins are still down. I had bought monero at 0.017 but the price has fallen to 0.015 I'm just waiting for monero to reach at least 0.018 so i can sell it for little profit

[Kevondo]

People do not understand that the more they panic the more money they lose. I did not try to persuade will. I keep calm and know that the price will return to the scene and will continue to grow.

I really do not understand why you want to cash out it is not like your bitcoin is going somewhere or may be it could be you all need to understand that you need to cash out only it is because you are going to panic because the price of the bitcoin is not fixed till the date of the august first and if you are a part of bitcoin trading you should have some knowledge that what exactly you need to do with your bitcoin I would like to suggest that  being patient is a good idea.