Re: Fear Of August 1st

Fear smells just like money. Wink

Cool! I will agree with you. August 1st is something that should be cherished rather than feared. I dont know why people are too much afraid of this. August 1st is going to make bitcoins more important and valuable than ever. Bitcoins are definitely taking ride to moon in the coming months.

You are right, this will turn to a more formidable Bitcoin in the long run, though people can't help but panic at times like this because there is actually possibility of losing money or drop in value especially those not having very deep pockets.

August 1 didn't give too much impact on BItcoin Price which is in contrary to many users here speculation. Besides that, BTC price keeps strong and never out of range of 2600$ below.
BCH hype is just a joke. It's peak price last only for 1 day and many traders are loss much money because of hyping.

One of the reasons for that was that many of the reasons people had to fear August 1 were resolved before that, thanks to BIP 91 there was almost no risk of a split so everything went fine, the only problem was the announcement of a hard fork in the form of BCH, I think this has stopped bitcoin somewhat and that is why it has not skyrocket to 4000 dollars but as soon as BCH disappears I think we are going to see that price.

Bch or not, btc will get there. All the hype didn't really amount for anything as all of us now have realized, it didn't have that much effect. And i agree, the hardfork probably would be for the better of btc in the future. Nevermind what happens to bcc.

It seems that your prediction was right, since bitcoin is about to touch the 4000 dollars per bitcoin but at the same time I think it is going to happen something similar to what happened when we touched 3000 everyone is targeting that price so as soon as we touch it many traders are going to begin to sell their bitcoin and we will see a correction in the price and we are going to remain there for some time.