Hi everyone,
I have recently sold a large part of my BTC portfolio as I was spooked by a various sources telling me that BTC was heading for plummeting prices following 1st Aug and hard fork. They have also said that July will be incredibly unstable in terms of price as we approach the deadline. I a now sitting on cash and waiting for the best time t go back into BTC
Given that the price of BTC has risen every day this week and feeling that I sold unnecessarily and am considering buying back in. can you feedback to me.
1) Is the 1st Aug really going to be that bad and should we expect volatility in July as we approach the date?
2) Would you buy back in now or wait sitting on cash for a better price entry point in the coming weeks?
Thanks all
Matt
Most times we always try to get ahead of ourselves without really understanding what will be the outcome. Aug 1 will come and go but we will still be standing the issue of whether price will fall or rise is largely based on speculation and the real effect of the hardfork is to be determined by the market forces on that very day and not speculations and guesses. What will happen will happen there is no point giving myself headaches over that.