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
Well, good move as precaution act if I may say to have cash in order to buy back after that time. But, how if bitcoin price increase at that time (in July)?
If I don't misunderstand, hard fork and bitcoin split into two different coins then people who holding bitcoin should get those two coins as well, as long as you don't store it on an exchange. I don't really mind to hold my bitcoin on wallet instead of convert it into cash, fiat money always worth slightly less (due to inflation) and bitcoin vice versa.