Hi everyone.
So with the date getting closer, everyone is talking about BIP148, Segwit, Fard Hork and what not... I here some say to 'not trade few days before and few days after to let things settle down'.
Some say they'll sell their BTC before that date.
I was thinking to exchange my BTC with some other Altcoin, but I'm not sure which. Speculating only, if you were to exchange your BTC to some other coin because of that BTC split, what would you exchange for and why?
I'm thinking of exchanging to Ripple, but also I have my eye on IOTA, since I believe it will be the next big thing after Bitcoin.
Aside form BTC, I'm invested in other 9 coins. Small time investments.
I think the best approach to Auguest 1st is to hedge your coins and be prepared for everything. First, if you are really afraid of losing money, because it's some very important savings, you should sell some portion of your cryptocurrencies and only leave what you can afford to lose. If you are ready to take risks in order to take bigger profits, you should send all your Bitcoins to a wallet that allows you to control your private keys. Alternatively you can try to keep your coins on exchange and try to get some bring profits during giant volatility during the fork. You may also want to prepare yourself for situation when Bitcoin crashes but alts surge, so invest 5-10% (or more) in top altcoins like Ethereum, Ripple, Litecoin.