RE: How To Survive The August 1st Bloodbath. Simple!
If you are scared or nervous about this August 1st "Y2K" fear and doubt, you should reinvest your current bitcoin into steemit. Let's say bitcoin did plummet in price or cease to exist at all (highly unlikely), if you put your bitcoin into steem i feel you would be pretty safe off. That or HOLD ONTO YOUR BITCOIN in an OFFLINE Wallet that supports both "versions of bitcoin". You NEED to be in control of your OWN wallets private KEY. Do not trust an exchange or online wallet that just gives you a password to see your funds and not an actual key. About three things could happen around August 1st if you DO NOT control your own wallets key. 1) Your bitcoin balance will stay the same and you will be able to use that bitcoin token as usual. 2) Your bitcoin balance will be zero over night since your wallet chose the wrong chain or the exchange you were on made them poof 3) Your wallet provider will offer you a chance to keep your token balance on both chains or to choose one of them, tho can we really trust that our coins are in the best interest of the online wallets or exchanges. Just my 2 cents. Thank you for your post @cryptotraderx
I wish i could upvote you more, you took a lot of time on this comment and you are very right. I'll send you a little SBD :)
I just noticed that you came thru on your word. I followed you Alex. Also noticed that i must be the only person you have sent SBD to before so that means alot. And yes @rickmf maybe there is some other coins to invest in but to me the fact that we can check peoples wallets here and see hundreds of thousands of dollars if not millions stored on steemit.. seems like a good invesment if you do not want to cash out your btc to usd. Most other alt coins move dramatically when btc does. Steem seems to stay semi constant, maybe because people are using steem for a purpose and not just sitting in a wallet as only a meme coin or some coin that does nothing. To each their own. I believe in steem and id put my btc to steem if i was afraid btc would dump or disappear or yeah.. but btc should be fine and probably only go down a little because of FUD... we all need POE ( Positive Optimistic Energy) think positive everyone <3
"you should reinvest your current bitcoin into steemit" noooo way. plenty of other better options. Steem to risky at this point.
https://twitter.com/bitchimlying
@rickmf don't take advice from this guy, he really does not know cryptocurrency at all