Quote from: Kprawn on July 15, 2017, 04:07:36 PM

Quote from: South Park on July 15, 2017, 03:14:43 PM

Quote from: brandeany on July 13, 2017, 08:53:45 AM

Most of people speculate bitcoin dump because of 1st Aug event. But this is one of my assumptions: most of people will withdraw their bitcoin to the wallet, there will be less bitcoin on exchange causing low supply >>> price will increase. What's your opinion?

But that scenario is only possible if most people decide to withdraw to their wallets, if instead of doing that they decide to sell their bitcoin for altcoins or fiat then there will be more supply of bitcoin and then the price will decrease, so it is not easy to predict what it is going to happen.

When Bitcoin takes a dive, Alt coins follow, so using Alt coins as a safe heaven is actually stupid

It kinda looks you are heavily uninformed

What you say might have been true half a year ago, but if you had followed Litecoin price dynamics recently, you would have noticed dramatic changes that happened within the last few months. Litecoin has been rising when Bitcoin has been stagnating, and right now, while it still goes down in dollar terms along with Bitcoin, it actually rises in Bitcoin terms. So if you want to stay in crypto without moving to fiat (which might have a better decision anyway, I mean, to cash out), Litecoin is a safe haven of sorts. In any case, it seems to be a better choice to keep your funds in if you don't want to leave crypto