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Author Topic: Should i still gonna need to sell my bitcoins in august 1?  (Read 1324 times)
bitcoinorcash (OP)
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July 27, 2017, 09:41:53 AM
 #1

I thought that it is already a success in bitcoin segwit and no split was gonna happened?
Do i still need to sell all my bitcoins before august 1?
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July 27, 2017, 09:46:18 AM
 #2

I thought that it is already a success in bitcoin segwit and no split was gonna happened?
Do i still need to sell all my bitcoins before august 1?

If you ask me better sell before August 1st if you are looking to sell before it dumps... some exchanges are telling clients that they are going to freeze bitcoin which may raise concerns and cause price to drop. First of all bip91 is not activated yet from my knowledge, if you are here for a long run just keep your coins somewhere where you have access to your keys and you should be fine, price should boost up later on.

Nobody knows what will happen, it is your decission after all don't let some random anon person to advise you on your financial decisions... If you ask me it should be all alright, but this is not even 100% that UASF will not take place. Sit down and enjoy the ride.

Even if BIP148 takes place it doesn't guarantee an instant split.
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July 27, 2017, 10:04:44 AM
 #3

I thought that it is already a success in bitcoin segwit and no split was gonna happened?
Do i still need to sell all my bitcoins before august 1?

I don't understand the relationship between split and selling.
Of course, some want everybody to panic sell now, since they're buying. And when everybody will see that nothing actually happened, they'll want to buy; and when everybody is buying, oh joy!

(If you want to make sure you will get coins from both forks if there will be a split, then you should store your Bitcoin in a wallet on your computer.)

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HasHe
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July 27, 2017, 10:11:01 AM
 #4

I thought that it is already a success in bitcoin segwit and no split was gonna happened?
Do i still need to sell all my bitcoins before august 1?
No need to sell your bitcoins.If you still have a fear of hard fork,just withdraw your bitcoins from exchange and store it in your wallet in your pc.It should be done because most of exchanges may suspend withdrawal and deposit of bitcoins for 24 to 48 hours during hard fork.Also,don't do any transactions during august 1.Just do these things and then your bitcoins would be safe.
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July 27, 2017, 10:14:01 AM
 #5

I thought that it is already a success in bitcoin segwit and no split was gonna happened?
BIP 91 has activated.  Right now, >95% of blocks in a difficulty period have to signal for BIP 141 (SegWit) for it to lock in, and then it would activate one difficulty period after that.  To see the progress of SegWit, go here

This does not prevent a split.  The hype for UASF (BIP 148) has died down, but "Bitcoin Cash", a fork of Bitcoin, will be created on August 1st regardless of support.

Do i still need to sell all my bitcoins before august 1?
You never did.  To do it in a time of panic like this would be plain dumb.
Juggy777
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July 27, 2017, 10:16:47 AM
 #6

I thought that it is already a success in bitcoin segwit and no split was gonna happened?
Do i still need to sell all my bitcoins before august 1?

As far I know a spilt won't happen that's my gut feel according to all the news happening round. Now your question to sell well it's difficult to answer you should consider different scenarios, we'll If you need money asap then sell, if you don't you keep them it's very easy decision, then again two more scenes maybe price g s down and you would be like why didn't I sell, and when you sell price shoots up, your call.
bitcoinorcash (OP)
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July 27, 2017, 10:17:44 AM
 #7

I thought that it is already a success in bitcoin segwit and no split was gonna happened?
Do i still need to sell all my bitcoins before august 1?

I don't understand the relationship between split and selling.
Of course, some want everybody to panic sell now, since they're buying. And when everybody will see that nothing actually happened, they'll want to buy; and when everybody is buying, oh joy!

(If you want to make sure you will get coins from both forks if there will be a split, then you should store your Bitcoin in a wallet on your computer.)
Ohh well thanks i will surely store it in my computer or if its pump before august i will sell it i guess thanks for your info.
HempMongolia
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July 27, 2017, 10:20:16 AM
 #8

Things also change depending on how many BTC you're talking about, if you have quite a few, its worth to keep it in BTC in an offline wallet to receive free Bitcoin Cash Coins, if not sell at peak and get into altcoins
Kronos21
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July 27, 2017, 10:25:56 AM
 #9

If the money is needed to purchase any of the goods it makes sense to sell now because of possible reasonable interruptions in completing transactions after August 1. But if you have no need to purchase it now, it makes sense to keep your bitcoins very soon after August 1, you will receive a good income.
BitcoinHodler
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July 27, 2017, 10:33:07 AM
 #10

there will always going to be something with bitcoin, you have to accept and embrace the "drama". it won't go away for many years. and people seem to love it now.
just remember to always invest what you can afford to lose and never ask the question you just asked here ever again.

#HODL

Holding Bitcoin More Every Day
s0beit
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July 27, 2017, 10:34:41 AM
 #11

Me i sell all my bitcoin yesterday becuase of that news am afraid that bitcoin drop down. I will see what the result of that date then after that if bitcoin never down the price i think August 15 i will buy again bitcoin.
IamAltcoinfan
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July 27, 2017, 10:38:35 AM
 #12

Its upto you i have split my bitcoin into three one part i sold already some i converted into ether and waves or if you like invest on some other alt coin and third part kept in wallet where i am holding private key.

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July 27, 2017, 10:40:03 AM
 #13

I thought that it is already a success in bitcoin segwit and no split was gonna happened?
Do i still need to sell all my bitcoins before august 1?

As far I know a spilt won't happen that's my gut feel according to all the news happening round. Now your question to sell well it's difficult to answer you should consider different scenarios, we'll If you need money asap then sell, if you don't you keep them it's very easy decision, then again two more scenes maybe price g s down and you would be like why didn't I sell, and when you sell price shoots up, your call.
All signs and sources point to there being a split on Aug 1st...

There are wallets being made public, the organisers have said that they will split, there are futures being traded on ViaBTC.

I don't understand why people don't think there will be a split.  It will be a minor split, but at the moment the futures are training at about 16% of the BTC price, so it would still be a big project.  If you sell beforehand, you won't get any BCC, but if you don't want them, you could wait and sell afterwards, or just send your BTC around until someone replay attacks you!
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July 27, 2017, 10:45:26 AM
 #14

there will always going to be something with bitcoin, you have to accept and embrace the "drama". it won't go away for many years. and people seem to love it now.
just remember to always invest what you can afford to lose and never ask the question you just asked here ever again.

#HODL

Yeah that's right mate,  it wouldn't go away for many years and for me that investments could take up a very long travel everytime digital currency is concern. So regarding the drama forgt about it, you need not to stressed out with your emotions and be strong to face the fears coming from false speculators online. Never sell your holdings while it's so cheaper if being sold, and for me it's nice to sell when it reached the goals which you can enjoy most of the benefits that you had.

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July 27, 2017, 10:54:47 AM
 #15

I thought that it is already a success in bitcoin segwit and no split was gonna happened?
Do i still need to sell all my bitcoins before august 1?
I guess you just need to store your bitcoin in a computer to be safe having transaction in that that would lead to bitcoin lost i also recommend to you to dont use web wallets i guess it will be a risk in your bitcoin if you store them in a web wallet that day,
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July 27, 2017, 11:03:04 AM
 #16

I thought that it is already a success in bitcoin segwit and no split was gonna happened?
Do i still need to sell all my bitcoins before august 1?
As far as i know , you should not make any transaction between the date of july 30- august 3.  If you want to sell your bitcoins do it before 29th of july,
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July 27, 2017, 11:09:28 AM
 #17

If you have to ask that question, you have not read enough about the topic.

What re afraid of? BTC price crash? Not gonna happen. Actually after Aug 1, it ll go over $3.5k.

So why would u sell?

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
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July 27, 2017, 11:16:07 AM
 #18

You only need to sell if you need money urgently, but because of the fear of falling prices or the collapse of bitcoin, it's silly to sell, because panic is created specifically so that many have missed the opportunity to earn after the price increases.

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July 27, 2017, 11:18:31 AM
 #19

you do not need to sell. Holding bitcoin is an act of love  Wink
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July 27, 2017, 11:19:18 AM
 #20

I guess it is quiet useless to sell at the moment or even trade on this pumps and dumps. Just wait until the middle of august and than just decide for yourself.

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