IT IS IMPRTANT TO HAVE BACKUP PLAN AND BETTER TO KEEP BITCOINS OFFLINEsteemCreated with Sketch.

in #bitcoin7 years ago

imageIt is important to have a backup plan
Vogel notes that August 1 will be the next important milestone, explaining that until SegWit is activated on the network, that's when Bitcoin users will have a first-hand opportunity to experience a scaling solution in action.

Vogel says:

“If SegWit activation alleviates the network issues we've seen in recent months, then the outcome will be an overwhelmingly positive one. However, in terms of protecting wealth, in Bitcoin (and any cryptocurrency) we're still in relatively early days, so it's important to have backup plans. Nonetheless, I continue to be bullish on Bitcoin and a strong believer in its core value proposition as a currency and store of wealth.”

Better to keep Bitcoins offline
Aleksandar Matanovic of EC District expresses his weariness of the drama surrounding Bitcoin scaling.

Matanovic notes that the reaction of Bitcoin users to scaling would depend on personal motives and their reasons for participating.

According to Matanovic, investors are probably worried about the fork, while speculators, on the other hand, must be excited about it because if there is one thing which is certain for the next couple of months, it is the volatility.

Hence, Matanovic suggests that the best approach in the midst of such chaos is to “keep calm, keep bitcoins offline and not selling any of them.”
I think bitcoin price will be well down
https://cointelegraph.com/news/what-to-do-with-bitcoin-ahead-of-segwit-activation


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