August 1 strategies. Opionion needed?

[saomgplz]

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.
 
Strategy 2:
Put everything in USD. Wait for August 1st. Assuming the price will drop. Buy bitcions then.

Strategy 3:
Buy altcoins now cheap, because btc is main interest and altcoins are cheap.

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.

[doedz]

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.

[beerlover]

Being a long term holder I never need to concern these and all. I am cool as ice and just watching what you people are trying to impact. I have already moved out all my bitcoins into my desktop wallet hence I am all set. I guess this is enough strategy I need to do due to this aug 1.

[agustina2]

There's only one thing I will do;

Hold Hold Hold (oh that's 3).. just kidding. I have decided already that I will keep my bitcoin and will accept the risk of holding this. If BCC will prevail, then so be it. If bitcoin will continously increase it's value, then much better.

No big risk , no big reward. I will accept whatever will happened.

[mobnepal]

- 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

[squatz1]

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.

The big problem with this is that the two coins that you're going to be owning now (BCC and BTC) may not be worth the same as the one coin of BTC that you owned before, so I'd avoid this in general and just sell everything off.

If everyone is going to be piling up the BTC like it's being stated that PROBABLY means that we're going to see huge downturn after this, which means THE BTC price is going to fall somebit.

SELL OFF, sit back, and wait!

[joshy23]

Being a long term holder I never need to concern these and all. I am cool as ice and just watching what you people are trying to impact. I have already moved out all my bitcoins into my desktop wallet hence I am all set. I guess this is enough strategy I need to do due to this aug 1.

This is the best option for me as well. Too much technicalities, just hold and it in your wallet that you have control of the private keys then wait if you gonna a free BCC and immediately dump it. I'm not into altcoins, I just hold a few and easily dump it for profits. I will just let my coins sit in my wallet and see how it goes.

[Trela]

Being a long term holder I never need to concern these and all. I am cool as ice and just watching what you people are trying to impact. I have already moved out all my bitcoins into my desktop wallet hence I am all set. I guess this is enough strategy I need to do due to this aug 1.

Well, with holder as you not need fearing the happens in current. Although when choose type trading is holder make you miss many opportunity earning good profit, but about keep safe your funds it will better than day trader. Just set your target and doing other job in outside

[CraigWrightBTC]

My plan August 1st, i will hold the bitcoins wait until the bitcoin's hard fork and getting two coins ( bitcoins and bitcoins cash) one of both is free coin, there is chance the price will be expensive, then buy the altcoins because in my opinions the altcoins price will be increase after the bitcoin's hard fork, that is my plan couples days later.

[pawanjain]

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.

This is true and most likely to happen

Strategy 2:
Put everything in USD. Wait for August 1st. Assuming the price will drop. Buy bitcions then.

No one can predict the rise or fall after the fork. So i dont recommend this.

Strategy 3:
Buy altcoins now cheap, because btc is main interest and altcoins are cheap.

This is very true and this is what i am doing . I have bought altcoins and will sell them later.

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.

According to me the btc price will see a significant drop but then will rise with a faster pace.

[Renji Abarai]

Being a long term holder I never need to concern these and all. I am cool as ice and just watching what you people are trying to impact. I have already moved out all my bitcoins into my desktop wallet hence I am all set. I guess this is enough strategy I need to do due to this aug 1.

This is the best option for me as well. Too much technicalities, just hold and it in your wallet that you have control of the private keys then wait if you gonna a free BCC and immediately dump it. I'm not into altcoins, I just hold a few and easily dump it for profits. I will just let my coins sit in my wallet and see how it goes.

Same here, I am not worried what will happen after August 1. After this brouhaha or drama, all will be fine and bitcoin will continue to grow again. Along the way there are many issues that can hamper the bitcoin growth but I am very optimistic about it.

[btcney]

Strategy 1 is probably one of the better thought out strategies in the OP, and personally i'm going with mainly strategy one(holding bitcoin now, getting the free bitcoin cash and dumping it for the actual btc when the hard fork happens) and some strategy 2(selling off like 20% of my bitcoins for USD. After all, price is quite high.

I don't think that buying altcoins are the best way to go right now. Bitcoin dominance is still damn low if you look at the charts. The natural level for bitcoin dominance honestly should be 75% or more, but right now Ethereum is overinflated.

Whatever you do... Please don't get your coins stuck on an exchange on 1st August. Especially coinbase, they aren't going to give you a single cent for your bitcoin cash. I mean it makes sense, it has no real value apart from being supported by BU but you can always enjoy that extra 0.15 BTC or so for each bitcoin cash token you're going to get.

[ss890]

Being a long term holder I never need to concern these and all. I am cool as ice and just watching what you people are trying to impact. I have already moved out all my bitcoins into my desktop wallet hence I am all set. I guess this is enough strategy I need to do due to this aug 1.

Indeed with you. I have also moved everything into the wallets for which I own the private keys. So basically I'm off the chart and would love stay like that until the split occurs (or not) and then release my funds once again the situation is back to normal. I'm bit worrying about anything, and I don't want to stress myself with idiotic BCC creation. It's just waste of time and has halted good market of bitcoin.

[hangar18]

Being a long term holder I never need to concern these and all. I am cool as ice and just watching what you people are trying to impact. I have already moved out all my bitcoins into my desktop wallet hence I am all set. I guess this is enough strategy I need to do due to this aug 1.

This is the best option for me as well. Too much technicalities, just hold and it in your wallet that you have control of the private keys then wait if you gonna a free BCC and immediately dump it. I'm not into altcoins, I just hold a few and easily dump it for profits. I will just let my coins sit in my wallet and see how it goes.

Same here, I am not worried what will happen after August 1. After this brouhaha or drama, all will be fine and bitcoin will continue to grow again. Along the way there are many issues that can hamper the bitcoin growth but I am very optimistic about it.

Well, after all we will see new high price of all cryptocurrency on market, not only Bitcoin. 2017 is the years of cryptocurrency and it just beginning, the road map still very long time and not stop at now. So, why not choose buying altcoin in current and go ahead in future?

[MaxRR]

BEST THING is to buy altcoins right now, siacoin, bitshares, digibyte, and fanctom (the cheap ones) that can easily do x2 in short term after all this mess.
Holding is the best option, and with altcoins is even better, because you have your btc, and if alt goes up, you earn even more.

[Victorycoin]

BEST THING is to buy altcoins right now, siacoin, bitshares, digibyte, and fanctom (the cheap ones) that can easily do x2 in short term after all this mess.
Holding is the best option, and with altcoins is even better, because you have your btc, and if alt goeup, you earn even more.

The road ahead most likely is going to get quite bumpy and not even the altcoins would be spared because anything that affects Botcoin, goes ahead to affect all other coins. I think a conservative approach would be to go with as many feasible options as possible ultimately ending up with Bitcoin at the tail end.

[Silvercell]

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 agree with this, Bitcoin I the King of all coin , no one coin can win race with Bitcoin

[Silvercell]

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.

[CyberKuro]

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,

But, do not buy bitcoin at the peak, as it seems decreases today, maybe it will continue to decrease tomorrow. So, yes buy bitcoin at $2400-$2500.

Strategy 2:
Put everything in USD. Wait for August 1st. Assuming the price will drop. Buy bitcions then.

Not a good idea as you will miss free cash from bcc on August 1st and it's not safe to buy bitcoin on that day as bitcoin nodes should be clear before everyone could send-receive bitcoin.

Strategy 3:
Buy altcoins now cheap, because btc is main interest and altcoins are cheap.

It can be a good idea as well, because some altcoins will increase/recover again on August I guess.

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.

Bcc price will dump hard and bitcoin will rise because people may transfer cash from bcc to bitcoin.
I'm not sure about Poloniex, but I've seen any statement they will support bcc, they said maybe.
“We cannot commit to supporting any specific blockchain that may emerge if there is a blockchain split. Even if two viable blockchains emerge, we may or may not support both and will make such a decision only after we are satisfied that we can safely support either blockchain in an enterprise environment,” http://www.trustnodes.com/2017/07/25/bitmex-says-no-bitcoin-cash-poloniex-says-maybe-bitcoin-com-says
So, you may send bitcoin to bitfinex or kraken as they already said will support bcc.

[HeRetiK]

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

I think most of the BTC piling is taking place in the form of people dumping alt coins and taking their coins off exchanges. I don't think that fresh Fiat is moving in just to get free BCC. Note that people taking their BTC off exchanges leads to a thinner market on the BTC sell side, so fast upward moves on low volume may very well be possible.

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.

Keep in mind that the ETH / ETC hardfork was caused by the DAO hack, so the situation was vastly different.