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
1) You shouldn't worry too much about it, as long as you hold your bitcoins on an exchange where they will credit you with both BCC(bitcoin core tokens) and BTU( bitcoin unlimited tokens) then you'll be covered. Otherwise, just hold your own bitcoin private keys(which is probably the most secure option as well) and you'll be credited both tokens as well.
Will price crash? I don't know, personally i think it will probably adjust after the UASF. But how much it adjustts and whether it's up or down, nobody really knows.
2) I would sit on my cash for now.