I was surprised to wake up this morning and see Bitcoin prices as high as they were. I was expecting a lot more swings and volatility leading up to August 1.
Part of me wants to sell at like $2800 and then wait for a dip back down to $2500 or $2600 to buy back in and maybe do that everyday leading up to August 1. That said last time I tried to employ that strategy Bitcoin went from like $1100 to $2800 and never came back down and I wound up missing out on like 30k plus trying to chase a couple hundred bucks.
Just curious what your guys predictions are for the next couple days leading up to August 1, as well as maybe a few days after that. I'm kind of anticipating after August 1 a jump up to like $3500 if not higher but not sure what it will do leading up to that point.
One other question. I hear people talking about placing limit orders for really like prices like $10 or lower on the last day of the month. What's the thought process behind this? Are they hoping there's some type of flash crash that lasts a few minutes and they are able to buy Bitcoin at like $10? Is that realistic that something like that could happen? If someone wanted to try to employ that strategy what do you do just hop on GDAX and place a limit order?
How is the BCC credited if your holding cold?
Where are you holding? Coinbase has come out and said they won't support it. Initially Electrum said they would but then I believe kind of went back on that and said they didn't feel like it was secure or coudln't roll out a fix so they wouldn't but then I think they again said they would so I'm pretty confused with them.
I bought a Trezor last week so moved my coins over there, Trezor said they would roll out a way for us to safely access our BCC.
Are you holding on a paper wallet? If so they are safe as long as it's on a paper wallet, I believe you just need to wait until a wallet which supports both comes out and states its safe and then I believe you can bring them back online.
I'm planning on selling the majority and keeping a bit to roll the dice since its house money essentially
holding in exodus not sure if its worth moving im not sure if they will support I have electrum will look into that other wallet, thanks!
What I see is a higher demand than expected.
As a lot of exchanges are offering bcc to who hold btc, the demand for btc increased, hence the price.
Once bcc is open for trading, I expect to see a huge drop to bcc because most people will just sell it (since it was for free). Demand for btc will come back to normal, hence price will drop after 1st Aug as well.
Yeah I was planning on selling 3/4 of mine as soon as the Trezor puts out whatever method they have for us to do so. Since it was free I figured I'd keep a 1/4 of it and just let it ride.
Let's see. I won't take that risk. Because exchanges will only credit you bcc at some point. At that point, I don't know how much btc and bcc will be. Say you have 1 btc worth about 2750 dollars at the moment, after 2 days you have 1 btc of 2500 dollars and 1 bcc of 200 dollars, you actually have lost 50 dollars.
Good luck anyway.
Way back when this stuff first was being talked about that was a big concern of mine, rather than Bitcoin maintaining price and BCC being kind of a garbage altcoin I was wondering if It might be like Bitcoin $1250 and BCC $1250 essentiallyy just splitting the value. I personally don't see that happening as it seems like everyone views BCC as garbage and something they are just going to flip, get some free money and roll it back into Bitcoin. I'm planning on cashing out most of it but again since it's house money I have no issue letting 1/4 of it ride just incase.
It is a real good questions. I have been trying to figure that out myself. I feel like a lot of people will stick with their BTC position after August 1st.