So im looking to invest into bitcoin and because it's hard to determine whether price will drop or raise after 1st of August i have decided to invest a certain percent now, and the rest after 1st of August.
Is it safe to buy Bitcoins right now, and by safe i mean - in case of a fork, i have read some things about a chain being completely neglected as if it never happened. Am i safe to buy my BTC now and send them to my storage or is there a possibility in which that transaction becomes "neglected as it never happened" and the btc will disappear from my wallet?
Is it safe to purchase Bitcoins after 1st of August or once a fork happens? Any catches or things i should be looking at?
Just don't want to screw myself over because of my lack of knowledge. Appreciate all replies!
It is safe to buy bitcoin now even if a fork were to happen because even if there would be a split in chain, we all would have the same amount of bitcoins in the two chains so there's no need to worry about losing bitcoin you just need to store them in a bitcoin wallet that you own and currently controls a private key. Transactions would never become neglected as it never happened because a transaction is forever saved in the blockchain records so it is safe to purchase bitcoin now if you want to.