SegWit is coming! The markets become more and more unpredictable. What we should expect in the beginning of August? Nobody knows. We don't know the future and if someone tells you what will be - it's useless information. We just try to guess and spot possible price movements. We try to predict the markets in order to make some profit. We want to ride big waves. But it can be a trap for everyone who thinks in such way only. Before release of any important news the behaviour of traders in different markets like Forex, Commodities, Stocks, Crypto is the same. They all try to catch the great trading opportunities and think only about possible profit. But does it proper way? I don't think so. Because the great trading opportunities also give you the great probability to get problems. Buying or selling before the news you hope that the markets will move in your direction and make huge profit for you. But what will you do if the markets move against your trades? Will you be ready for this? It's a very important part of trading. You must be ready to any variant of price movements. If you are not sure that it's good time for trading, stay away from the markets. If you want to catch the possible upward movement after SegWit, just invest a part of money which you are ready to risk. If the markets move against your positions, you won't be so upset as if you invested all your capital. You must understand that unpredictable time it is not the best time for making money. It's better to focus on protection of your deposit. The markets will give you new trading opportunities in future and they will be much better than now. And you will need deposit for making money. Don't forget about it. But if in spite of this difficult trading conditions you decide to buy some coins or hold your opened trades, just be careful... and good luck!
Great advise as always... I think the same way and it's very pleasant to know that an experienced trader shares those thoughts.
I pulled out of everything but LTC. I am sure that great opportunities are yet to come.
orophin
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Dear Lavrov,
Is there any risk in keeping my deposit in exchange as a dollar before segwit? Thanks.
lyk
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as said @gaia on first august there will be the BCH split. That's mean that the 2 blockchain will have the same past but not the same future. So on cold or online wallet who'll support this fork tuesday for each bitcoin stored there will be one BCH added. It s the case of Kraken and Trezor blog.kraken.com/post/1150/bitcoin-cash-and-a-critical-alert-for-bitcoin-margin-traders/ blog.trezor.io/bitcoin-cash-hard-fork-chain-split-safe-guide-abbe3e9c553f Bitstamp will not support it and as usual no communication from Poloniex but it seems to be no..
So maybe this explain the recent bitcoin rise: People are buying it and storing it for having their free BCH but after what will happens ? Personally i'm sceptical on a 3000 USD break opportunity because the crisis is not over and each time it has been reached we had a huge correction. So if it happens be carefull and ready to close and short
gaia
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@lyk, Bitfinex, HitBTC, Electrum wallet (version 2.9 and above only, and not electrum cash - be careful that is an unauthorized fork of electrum) and others will also support BCC. I would be very careful with doing the split on a wallet. Check the hash of the installer before installing any wallet. A rogue wallet could steal all your coins.
LaszloPetovari
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Hi,
I do appreciate your work and sent a tiny reward to you gladly. I hope those others who use these analyses do as well.
I've bought my long term position in 1600/BTC. Which looks better: selling all of them, before Aug. 1rst, or just keep them in a Tresor(?) – as it happens now.
Thank you for the answer!
Laszlo
DLavrov
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@LaszloPetovari, thank you very much ) I think your entry level is rather good and you will be able to pass through huge fall. But if you don't want to risk all money, may be it's better to fix some profit? Now Bitcoin is near the top. If there is a new upward movement, we'll have opportunity to join it after the up trend confirmation.
Jour
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@DLavrov, I agree with you, THX,
I like LTC and its entry price now. Oportunity
guppy_
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@LaszloPetovari, I wouldn't even give this a second thought. Sell it all and buy back in when it dips.
I pulled out of everything but LTC. I am sure that great opportunities are yet to come.