Simple two questions, any advice as to whether to be concerned to either transfer the coins to a hard wallet from Coinbase prior to the Aug 1st or not really needed?
2nd, is this Aug 1st situation going to kill the value of Bitcoin?
Just like with other "fork" dates before it, there is a very low chance that there is going to be anything happening on August 1st and everything will continue on as normal unless something is decided, and if something
is decided, then there will be instructions for what to do when it happens.
Just like with Segwit and BU unlimited, neither have been activated despite a few target dates and nothing has changed, yet.
Agree. I don't think it will get to this; the other major forks were inevitable, like ethereum for example. But if we do, it's really important to have these coins in a private wallet, like the above poster stated. Few exchanges will give you your full value, they salivate for moments like this. So be your own bank, it matters for once.