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?
To answer your question number 1, August 1 is going to be a bad or a good day depending on the changes implementrd so I expect a volatility as we approach the date because of the uncertainty. To answer your question number two, I would consider buying back in right after the news about August 1 hardfork has been released if it is good because it is the best time to rebuy if it would be a success and was good. If it wasn't wait a little more a few days or weeks before debuting back bitcoin.