Where to trade on August 1

[gabmen]

I'm a hodler both BTC and ETH, but do want to take advantage of any panic that goes down on August 1st. Am thinking about putting a few ETH and BTC into Polo or Kraken to trade day of. Anyone else planning similar? Regardless what happens there is an opportunity. Personally I believe BTC will be fine and am only planning on playing with a relatively small amount on that day. I just havent figured out where or what to trade on that day.

Thoughts?

I currently use poloniex and have had no problems with it, but I've never used kraken so I can't say anything about it. I am probably not going to trade bitcoins at all on August 1 just to be safe. I may wait a couple of days to resume my trading.

Indeed. I don't also think that trading would be a good idea considering all these talks about aug 1. It won't hurt if you stay still for a day or two from trading. Or probably try to observe the market if the price would be advantageous to buy.

[milewilda]

I'm a hodler both BTC and ETH, but do want to take advantage of any panic that goes down on August 1st. Am thinking about putting a few ETH and BTC into Polo or Kraken to trade day of. Anyone else planning similar? Regardless what happens there is an opportunity. Personally I believe BTC will be fine and am only planning on playing with a relatively small amount on that day. I just havent figured out where or what to trade on that day.

Thoughts?

I would go for Bittrex since they do support already to the upcoming split (BCC) which they have already announced regarding such matter on upcoming august 1. They stated that if theres a split you would able to recieve 1:1 ratio which is BTC= BCC which means its really an opportunity to earn that coin some exchanges doesnt really support it like coinbase. They wont really support it which means they will not impose bcc on the site because they are against it.

[hughson]

I'm a hodler both BTC and ETH, but do want to take advantage of any panic that goes down on August 1st. Am thinking about putting a few ETH and BTC into Polo or Kraken to trade day of. Anyone else planning similar? Regardless what happens there is an opportunity. Personally I believe BTC will be fine and am only planning on playing with a relatively small amount on that day. I just havent figured out where or what to trade on that day.

Thoughts?

well
I would go for Bittrex since they do support already to the upcoming split (BCC) which they have already announced regarding such matter on upcoming august 1. They stated that if theres a split you would able to recieve 1:1 ratio which is BTC= BCC which means its really an opportunity to earn that coin some exchanges doesnt really support it like coinbase. They wont really support it which means they will not impose bcc on the site because they are against it.

though bittrex will give you 1:1 unless there is new news from bittrex they will not trade so if BCC starts at 400$ and freefalls there is nothing you can do but watch. better to find an exchange that supports 1:1 and trading as well

[Rahar02]

To be clear, I want to be able to exchange ETH for BTC on August 1st.

Gdax states no withdrawls or deposits, and potentially suspend trading. What about using shapeshift or polo to do exchanges? If there is a big delay is the rate at time of execution guaranteed? I am willing put a few coins in more than 1 exchange to increase my chances of success. I'm hoping for a dip in BTC and bump in ETH and then BTC settles at a higher value after a few days.

I do not know about Poloniex but most exchanges won't enable bitcoin transaction, I think you can buy bitcoin on exchanges but not to transfer it out of the exchanges. Here some list about exchanges statements https://news.bitcoin.com/how-exchanges-plan-to-deal-with-a-possible-august-1-fork/

But after read about Kraken statement, it seems we have to wait until hard forks are clear.
- Bitcoin (XBT) funding will be halted at 11 am UTC and resumed sometime after the fork when it is safe to do so
- Trading will continue across the fork, but we may need to halt trading briefly around the time of the fork so we can adjust balances and add pairs
http://blog.kraken.com/post/1150/bitcoin-cash-and-a-critical-alert-for-bitcoin-margin-traders/

[Reid]

No I am not planning to do that and risk my coins into making it into zero.
There might be glitches while the process is being done.
Better take the day off and just go back after all of this.
I guess that wont hurt much. I would rather spend my time with my family that moment

[Weawant]

The best thing we can do for now is to let august 1 pass since we doesn't really know on what would be happen on august but we can also do wise buying of some alts right now since the price of each one of them seems pretty much cheap for this days rate. And if some of you are doubting for what will be happen on exchange on that time much better if you just withdraw your balance and trade there when everything will be ok.

[Casdinyard]

The developers of some wallet advise the users to abstain from depositing and withdrawing coins during August 1.
This is to prevent some glitch during the correction.
So maybe in some exchanges they also advise to stop trading even with altcoin.
And its a good indicator that these devs have concerns to us for not to lose our coins.
And yeah better to have a take a break from this and go back after the drama ends.

[Potato Chips]

The developers of some wallet advise the users to abstain from depositing and withdrawing coins during August 1.
This is to prevent some glitch during the correction.
So maybe in some exchanges they also advise to stop trading even with altcoin.
And its a good indicator that these devs have concerns to us for not to lose our coins.
And yeah better to have a take a break from this and go back after the drama ends.

in fact there is a big chance that they will freeze deposits and withdrawals for the mean time so now is your time to withdraw or deposit. but i think trading altcoin will be fine on

august 1 since it has nothing to do with bitcoin and if you read the guidelines there is no such thing that keeping an altcoin in an exchange is risky is discouraged to do.

then again its also better to just sit and wait until its over although its understandable that people want to take advantage if a dump occur on august first.

[Nahl]

from now on i would save my current bitcoin into offline wallet as many people suggest and indeed some of major exchanges will disable withdraw and deposit for bitcoin from July 31 but it would not makes me panic now and after this day i do believe bitcoin would be fine because seems most people still have bitcoin although i do not know what happened with bitcoin after throughout this month but seems i would holding my bitcoin untill august 1 and don't have a plan to buy another altcoin as instead of bitcoin