Bitcoin Fork / Cryptocurrencies are Falling / August 1st ... DON'T PANIC

in #cryptocurrency7 years ago (edited)

I see so many people started losing confidence in the Blockchain and Bitcoin, a lot of dropping of cryptocurrency’s prices and so much panic.

pan.png

I just wanted to say to this people "DON’T PANIC .. DON’T PANIC .. WE JUST GET STARTED DON’T PANIC ” Like French Montana said in his song :D !

To be positive, my point of view about The blockchain's technology is that I see it like another dimension that will change our life in the future, a whole ocean where we are getting used to live, an ungovernable planet that will give people more freedom, privacy and being more “secure”, but actually The Blockchain and its projects are still a baby, a technology that is under-development and that learns to take its first steps, so there is no way that the market cap will take its recovery in the future and the prices of the cryptocurrencies will rise up again after the Update of the Bitcoin Network.

So what is my PLAN to AVOID or to SURVIVE the Bitcoin Fork ?

Well, about me, I was waiting for this opportunity for a while, my plan is to profit and buy some Bitcoins while it is around 2000$ (and I think that is will go down this couple of weeks before August 1st) It’s a best time for me to buy more. Why and what I will do with it?

I will save my Bitcoins in an offline wallet, and this is Because of two reasons:

  • The first one : The offline wallet is very recommended in the world of Cryptocurrency and it offers a high level of security then the online wallet.

  • The second one : Because we don’t know exactly what will happen after the Doomsday, we don’t know if the Bitcoin will be splitted into two coins like what was happened with Ethereum’s fork (and the appearance of Ethereum Classic), or after the August 1st we will see a new Bitcoin (that I will called “BIP148 Bitcoin”) and the old one will be discarded definitely from the blockchain.

For me the most saved way and the best solution is to store my Bitcoins in an Offline wallet, disconnect from the cryptocurrency market, Shut down my laptop, take a sit, hold my beer and just watch what will happen in August 1st.
The more important thing is that I will not go back to the blockchain until it is passed.

beer.jpg

So What about you ? what is your plan ? Will you buy some Bitcoins, move into Ethereum, STEEM or other Altcoins to avoid the Fork? Or just wait now and keep watching ?
Share with me your Opinion in the comments and the decision that you will make !
Thank you for reading my post, if you like it give it an Upvote And Resteem it!

Love,
Amine

Image 1 : 1
Image 2 : 2

Sort:  

Hahah Thank you @gdreyer! Followed You

Thank you for the spirit that you give.

You are welcole @altafalazzam ! Thank you for reading ! Followed you

Haha! The image of you watching BIP 148 hitting the hearth is hilarious.

Just like you, I moved my BTC into a paper wallet and I'm HODLing my ALTs. I think after this storm is over we'll go slowly to the next ATH with Bitcoin. We only need to be patient.

I also wrote a post explaining why we're going down:
https://steemit.com/bitcoin/@rainelemental/day-9-bitcoin-price-crash-explained-july-august

Totally Agree with you @rainelemental ! Just hold the coins and be Patient until this storm is over! Thank you for reading ! I like your post it's very interesting ! and Followed you!

good one dakster :D

Hhh L3azz @alienposts ! Nta achno blanek fhadchi !? :D

Congratulations @dakster! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of comments received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @dakster! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of comments

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @dakster! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @dakster! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @dakster! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Coin Marketplace

STEEM 0.28
TRX 0.13
JST 0.033
BTC 62829.19
ETH 3026.36
USDT 1.00
SBD 3.61