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
Quite the opposite. Many people are acquiring extra in anticipation of a coin split. You would then have coins on two networks!
This. But the problem now would be which "Bitcoin" to dump on August 1? Are you for the legacy chain or for the BIP 148 chain? Your ideals do not matter here, making the right decision is.
I will hold on both for a while to be safe.