Quote from: DooMAD on August 06, 2017, 11:34:37 AM

Quote from: deisik on June 14, 2017, 06:42:31 PM

Quote from: DooMAD on June 14, 2017, 05:58:41 PM

Quote from: pokapeski on June 14, 2017, 05:15:05 PM

After thinking about it for not too long (and after cuddling in foetal position for some good 10 minutes realizing how consensus-less fanatics have provocked this abrupt awaken of a beutiful dream) by now I am cashing my BTC immediately.

I can see why it might seem like a good idea, but there if a potential to lose out doing it that way. Hodling in the event of a split means you get coins on both chains. Selling before the split means you have to buy back after the split and choose very carefully which chain you think has the best chance of survival. And if you take too long deciding, the fiat price may well recover to a level above the point that you panic sold.

It is obvious that you are not a (very experienced) trader (or not a trader at all)

Selling bitcoins before the split would be a wise decision any way you look at it. It is almost a certain that price will crash after the split (even if temporarily) or even before it (if it is really going to happen, due to insiders cashing out), so the risk is not worth it. If you don't know which camp to stick to, you can buy back both coins at cheaper price, and thus you would be better off overall than if you decided just to hold. I guess I won't have to explain where exactly your logic fails. It should be straightforward

So how did your expert trading experience pan out for you, deisik? If you weren't just talking a big game and actually sold your coins, you're now potentially looking at the prospect of having to buy back at a new all-time-high. I sincerely hope no one else followed your advice and lost out as a result. Panic selling has it's pitfalls and this is definitely one of them. There was no catastrophic plunge to sub $1000 prices like some were proclaiming would happen. Hodling isn't always a safe bet either, but it paid off this time

In fact, I turned out to be perfectly correct in my assumptions

I guess you should read my post again in its entirety to get better understanding of what I had actually written. In the case you missed it, I can repeat that specific part for you. As you can see, I wrote that "the price would crash after the split (even if temporarily) or even before it". Should I remind you that the price crashed below 1,800 dollars per coin a few days before the split? I don't think you can take just one part of my post and then claim me wrong. That would amount to cherry picking, as you should know. And no, I'm not looking to buy bitcoins (just in case, at any price, high or low), I'm buying litecoins whenever an opportunity comes up. I'm still rather pessimistic about Bitcoin long-term prospects