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
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
I would say you got fooled!
If you would follow closely what is going on at the moment in the space you would know the chance to go up the next few weeks, especially August 1st is much higher than going down!
Segregated Witness will get activated until August 1st. Miners can nothing do against that. And with SegWit many more important implementations, especially for scaling will be possible.
So the fundamentals are looking pretty good, no matter what kind of FUD some may spread. And you fall for it.
Sorry to say this but I'm pretty sure you've made the wrong decision!
EDIT: And if a split later should happen due to the HF some are trying to do, there is a chance that both chains could survive. In that case you would twice as much coins. Another reason imo why people will buy more coins instead of selling them.
Actually it looks like that Miners will activate Segwit before August 1st themselves
