NO BITCOIN until after Aug 1st

NO BITCOIN Until After August 1st.

I have decided to not purchase anymore Bitcoin, Ether, or any other cryptocurrency until sometime after Aug 1st. In fact, I may even wait for a considerable amount of time after Aug 1st to get back in the crypto-market.

In case you don't know, on Aug 1st a group of Bitcoin Developers (CORE) and supporters are going to initiate a User Activated Soft Fork (UASF) in order to fix slow transaction speeds and stop another group of developers known as Bitcoin Unlimited (BU). The BU folk say that if the UASF is activated that they will initiate a Miner Activated Hard Fork (MAHF) via Bitmain (ASIC miningpool). This has been a contention for quite some time and will not be resolved, but there is hope.

I have been watching all of my sources very closely and believe that there is an approx 15%-35% chance of the fork not happening.

What you need to know is that if a HARD fork results, then Bitcoin will lose 40%-60% of its value (prob fast).

When this Hard Fork happens I will not be spending, shifting, rebalancing, or moving my coins in any way, shape, or form until the chaos (if any) is resolved 100%.

In conclusion, everything will be fine in the long run.

I am actually excited to find a bunch of buying opportunities after all of the "get rich quick" folks panic sell and FOMO buy.

Fear, Uncertainty, and Doubt (FUD) will always drive wealth into the hands of the true believers.

The above is my opinion and not intended to be financial advice. Always be prepared to lose everything you speculate with as crypto trading is volatile.