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
When will people learn? It is extremely difficult and rare to short the cryptosphere and anyone that does deserves to lose their skin in the game. BTC is a nascent technology and will benefit all longterm hodlers. Besides even if their is a spilt by hodling BTC you'll get the spilt tokens too and whatever value they may reach. Think ETH and ETC. in summary I think you were very very foolish.
If it were me I'd buy them all back again asap
Even if the price dips temporarily in August it will recover rapidly
I think if scaling goes well it could jump to 5k overnight so don't want to get caught out and only able to rebuy half your stack