Post
Topic
Board Bitcoin Discussion
Re: Bitmain announces plan to create altcoin if BIP148 succeeds
by
DooMAD
on 14/06/2017, 17:58:41 UTC
While it generally looked like the split was inevitable, even I wasn't expecting quite this level of brinkmanship from both sides, heh.  My only suggestion to everyone would be not to let the big personalities set the narrative and tell you how to react.  Don't take anything at face value, regardless of who said it, because everyone has their own agenda.  Consider all the pros and cons, do your own research and make up your own damn minds.  And most important of all, don't do anything rash or hasty without thinking it through.  It might all seem like a massive drama, but calm heads usually prevail. 


After thinking about it for not too long (and after cuddling in foetal position for some good 10 minutes realizing how consensus-less fanatics have provocked this abrupt awaken of a beutiful dream) by now I am cashing my BTC immediately.

I can see why it might seem like a good idea, but there if a potential to lose out doing it that way.  Hodling in the event of a split means you get coins on both chains.  Selling before the split means you have to buy back after the split and choose very carefully which chain you think has the best chance of survival.  And if you take too long deciding, the fiat price may well recover to a level above the point that you panic sold.