Post
Topic
Board Bitcoin Discussion
Re: Aug 1st and forward effect on current holdings
by
freebutcaged
on 01/06/2017, 11:57:56 UTC
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?


I seriously doubt anything will be happening as not a single miner has signaled yet for 'uasf'. 

the segwit2x team led by Jeff Garzik is coding a scaling a solution.

that being said, Its always better to HODL your own coins...Coinbase customer service is terrible.  If you ever have an issue, it could be a long time before its resolved.

Holding your coins in a personal wallet seems to be the only viable option

If you are going to keep your bitcoins through these times of "hardship" at all. But are you sure that it is the best idea overall? Personally, I'm skeptical that we won't see more argument in the near future, and thus no matter how things are going to unfold eventually (i.e. after August, 1st), the Bitcoin price may decline dramatically. In this manner, it may be prudent to move some part of your wealth from Bitcoin to, say, the US dollar, which won't be affected by the quarrels that are likely set to heat up as the days count down. And then, when the prices crash outlandishly with each party dumping the coins of the other side, you can safely invest in both parties and reap the fruits of the victory no matter who is going to win in the end. Invest in future!
What hardship mate you think people are stupid enough actually to believe this false and made up drama and easily will dump their coins?

Am I the only uneducated newbie here to see this as a smoking mirror just to persuade the weakest investors to dump so they can buy cheap?

Nothing will happen and price will not crash, this is just another bull shit stunt from opportunists.