August 1 strategies. Opionion needed?

[GoodLuckChuck]

Strategy 1 is my guess. Makes the most sense. I have a feeling that everyone is going to dump all the BCC as quickly as they can.

[Rahar02]

Main Assumption:
People are piling BTC now so they can get free BCC.

Opposite Assumption:
After the split. People will see big decrease in BCC price, because a lot of people will want to jsut dump. Which will be a signal for succsess for the BTC, in which case BTC price will go up.

Question:
What do you think is gonna happen to BTC price in Poloniex close before and during the August first split?
My assumption is that the price wil either freeze or it will start decreasing in fast pace. Because the people who want free BCC will have their coins in non-exchange wallets already.

I think so, even though many people or exchanges that do not support BCC but if we could get it for free and there are some exchanges support it, don't want to miss this free money as bcc price $331 based on https://coinmarketcap.com/currencies/bitcoin-cash/
I don't want to miss bcc either, but local exchanges in my country seems won't support bcc, which mean I should trade bcc on bitfinex or Kraken maybe. Poloniex may not put bcc on their list as http://www.newsbtc.com/2017/07/25/poloniex-will-not-provide-support-potential-bitcoin-forks/

[CoinSpeculator]

but don't forget exchangers will be closed 1 day after 1 august.
we won't find those prices after 1 day.

[marados]

Currently, I got my money invested in altcoin and its gonna stay like that till August 1. Then when the dust is settled, according to price movement of bitcoin and altcoin I'll see what my next step will be. Till then, hold!

[Andre_Goldman]

I already pulled my btc out of exchanges ... I'm keeping some fiat for speculation opportunities in Altcoins markets  ...



 

[HatakeKakashi]

Its better to buy bitcoin after august1 because we dont know what will happen in bitcoin if they split to bitcoin into bitcoin classic and bitcoin. If that happen for sure many people invest to that coins because the price for sure become half and for sure after few days it will increase again so you can earn profit. But it depends to you what its best to do in august 1 and after . But its better to make a research first.

[xuan87]

If I was given that 3 option I will buy Bitcoin and hold it, I don't really care about BCC because I don't think BCC will work out, most people will dump that coin, and after this incident Bitcoin price will keep on going up as we can see this few days the Bitcoin dominance is increasing

[Skarner21]

I prefer this one

Main Assumptions:
People are piling BTC now so they can get free BCC.

Immediately sell after the price matches, will many people who get BCC immediately free, then sell it, BCC prices will go down.
I am not sure BCC will be able to compete with BTC. BTC remains king.

I think people are still stay in bitcoin but if BCC is free well its not  a problem to get some bcc so that we can sell them if it has a value..
Well for me according to other member and other people outside in this forum some opinion there they are still stay in bitcoin that i think bcc will be useless but we don't know what will be happen we will see it after august 1..

[freeyourmind]

I prefer this one

Main Assumptions:
People are piling BTC now so they can get free BCC.

Immediately sell after the price matches, will many people who get BCC immediately free, then sell it, BCC prices will go down.
I am not sure BCC will be able to compete with BTC. BTC remains king.

I think people are still stay in bitcoin but if BCC is free well its not  a problem to get some bcc so that we can sell them if it has a value..
Well for me according to other member and other people outside in this forum some opinion there they are still stay in bitcoin that i think bcc will be useless but we don't know what will be happen we will see it after august 1..

If people are going to dump their BCH, I'd expect it to be exchanged for BTC rather than fiat in most cases.  So if this is the case, I'd expect that to provide a boost to the price of BTC, although there are other variables to consider.

[bagholder10]

The whales will be selling unfortunately.

BTC will definitely drop, the question is how far?

The BTC price @ around 2700 USD includes within it BCC, which is currently around $340 USD.
So the real price for BTC is currently about $2360 USD.

I have sold my BTC because i'm concerned the price will drop a lot on Aug 1st.

[Bianxee]

The whales will be selling unfortunately.

BTC will definitely drop, the question is how far?

The BTC price @ around 2700 USD includes within it BCC, which is currently around $340 USD.
So the real price for BTC is currently about $2360 USD.

I have sold my BTC because i'm concerned the price will drop a lot on Aug 1st.

Well, you will regret it soon after August 1 because if you know what traders or whales are going to do it is not like you think , They are the ones who will benefit for this big dumps and dumping or selling your BTC is just a lost for you.  Bitcoins will not drop to low it finally recovers after that big dump in the past weeks .So its was expected the price will more rise after these event.

[bagholder10]

The whales will be selling unfortunately.

BTC will definitely drop, the question is how far?

The BTC price @ around 2700 USD includes within it BCC, which is currently around $340 USD.
So the real price for BTC is currently about $2360 USD.

I have sold my BTC because i'm concerned the price will drop a lot on Aug 1st.

Well, you will regret it soon after August 1 because if you know what traders or whales are going to do it is not like you think , They are the ones who will benefit for this big dumps and dumping or selling your BTC is just a lost for you.  Bitcoins will not drop to low it finally recovers after that big dump in the past weeks .So its was expected the price will more rise after these event.

Why would i want to hold a coin that's going to fall?
When it drops to $1400 tomorrow i will buy.
Everyone knows the whales are dumping.

[Watanabe1505]

I'm not much expectation about BCC that disrupt cryptocurrency in this time and ETH still on the way to correct its value. My opinion is to hold altcoins such as PPT, IXT or etc... This is might safe and profitable during what happen in August 1 event

[Ctn]

I'm pretty sure everyone is following the same stuff as are doing. It better to move out everything from the wallets and convert to fiat currencies. This will support us by saving money that we may loose in tomorrow's transition. And can you imagine, tomorrow is the day for which we are creating such big supportive threads! Hope everybody is in peace and has taken all the precautions.

[kjk4592sdkj1]

One scenario nobody considered: One or more of the exchanges crashes because of a technical issue (Fork problems, too much traffic, Transactions, etc). Whole market collapses big time. Like Mt Gox. 1000 to 70.

[Flanagan]

- Buy bitcoin right now and get free bcc
- sell those BCC to buy cheap altcoins out there like ETH, LTC and many more
- Sell your btc too if price stays up
- Buy back some cheap bitcoin with all the fiat you have when bitcoin price will get some correction
- Exchange all your altcoins when they will be pumped after network split because many will buy alts with all their free money

The thing is, transacting with BCC (selling them after the split) still sounds kind of technically complicated and risky. Am I right ?

[Flanagan]

I'm pretty sure everyone is following the same stuff as are doing. It better to move out everything from the wallets and convert to fiat currencies. This will support us by saving money that we may loose in tomorrow's transition. And can you imagine, tomorrow is the day for which we are creating such big supportive threads! Hope everybody is in peace and has taken all the precautions.

But selling all BTC in exchange for FIAT would leave the FIAT on the exchange that you sold....isn't that risky too?

[Flanagan]

Hello guys i have some strategies and assumptions for August 1. Can i get your opionions on them :

Strategy 1:
Buy bitcions now and get free BCC. Imdeiatly after the hardfork sell your bitcoins because the price of btc will drop for a short time. Then buy bitcoins again the next day or 2 a lot cheaper. I do belvie the price of btc will drop around 10% -20% for a short time after the bcc release, because a lot of guys are now piling bitcoins jsut go the the free bcc, thats why we see the current spike of 10% to the USD despite the hardfork FUD.  Also if you look at the history same thing happened with NXT and Ardor. People were piling nxt to get free ardor and after they were credited NXT crashed. Also after the hard fork of ethereum, price of ethereum classic crashed around 30%. So it's normal to except devaluation in the short term after the bcc split.

However a big side effect of the strategy will be that ,it will create a big hype around the BCC( good or bad its still a hype), you know a lot of people will try to dump their "free" bcc and earn as much as they can, so bcc will be the center of attention in the crypto market for a day or two. And who really knows what may happen because of that, a lot of traders may find it as a nice opportunity to make money out of the fast market and so a big interest around BCC may appear.
 

RE STRATEGY 1:
I thought it wasn't safe to do any transactions with BTC after the fork? That's what I've read in several sources, that one is supposed to do nothing, nor send nor receive BTC until the situation is safe again, whether it takes days, weeks or months ?

[BTcSD]

is there any way to get free BCC regardless of using mining costly hardware ? in all cases it easy to get BCC free even for those who are able to mining with their old equipment because of lower hash rate , definitely i don't like the separation of bitcoin into two different chain so regard to all this my strategy is cloudy and not clear . 

[Fatunad]

I prefer this one

Main Assumptions:
People are piling BTC now so they can get free BCC.

Immediately sell after the price matches, will many people who get BCC immediately free, then sell it, BCC prices will go down.
I am not sure BCC will be able to compete with BTC. BTC remains king.

It would really still remain as King and knowing BCC it would really be just an another alt. If people would able to earn BCC free from their bitcoins then expect for prices to dump after all when people do still have trust on bitcoin and would dump their BCC. I dont know actually if the support for BCC would be strong for it to sustained its price or even to increase  later on.