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 we would appreciate if you placed your
various sources together with your OP.
1. No one really knows what will be the impact of August first to Bitcoin. No one can guarantee if it will become good or bad. We always experience volatility. Nothing is a surprise there even on July, on August or after that.
2. I never never sold my Bitcoin because of these reasons so no.