I think that August 1 will result in a dump regardless of the outcome of the fork. Most investors does not even know what will go on at August 1 and will just take the profit and come back after the dust is settled.
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I agree 100% but it will happen fast. I suggest putting stop limit buy orders on Gemini/GDAX for major dips in BTC. I mean the coin aint going away but its value will suffer but wont matter if you can pickit up at $1200