If you really want UASF to succeed, then fight

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Bitcoin is getting a divorce from its overbearing bread winner. The confusion has already begun. According to the current situation, in 45 days or sooner, it's gonna get messy, assets will be liquidated and divided. If you are in denial or frozen with fear, you should be: this is war. Users versus miner[s]. As much as I hate to say it, cash is king in a time like this. The side that has the most cash–not crypto–has a far greater chance of winning. The best thing you can do strategically is stock up and wait, then when the time is right, vote with your wallet.

Crack pot theories aside. We don't have to look too far to see that the market will tank leading up to flag day on August 1st, just look at the history of Etth-eerey-um's chain split. If you agree the market will crash, then this applies to you. Hypothetically, let's say market value drops from 2000 to $1000/btc on August 1st. Here are your options for right now:

  • Fight: Sell your bitcoins for cash on an exchange you trust, right now. Vote with your feet and exit now for a stronger re-entry. Your vote will be twice as powerful towards the outcome.

  • Don't fight: Get your bitcoin off the exchanges, hold the private keys. Cast a safer but weaker vote after the split. Keep eggs in both baskets.

If I'm right about this, buying bitcoin right now with new money is actually fueling the war.

submitted by /u/daftspunky
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247 Bitcoin

Bitcoin News Search

1 News - 247 News - 247 Bitcoin - 1 Search


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