Even the blind can see that crypto Currency is making people millionaires all over the world just because they present the holders of such currency with the financial freedom and opportunity to accrue large amounts of wealth base on currency investment . But my question is that, is it late to buy bitcoin? Should i wait maybe bitcoin price will decline after 1st August meeting? Please i will welcome your advice so that I can make my decision on crypto currency investment.
I do think that before 1st of August there will be big selling, which means price of bitcoin will be going down. If you are not scared from what will happen after segwit, than it is best time to buy before 1st of August. Also i do think that bitcoin will continue living, so i do not see why would someone be scared of scaling. Time for buying bitcoin is always good.
so far in the past five years or so whenever people expected something to happen on a specific date like in this case August 1st, then the effects of that expectation happened at least 2 or 1 month before that date.
for example the halving which was over hyped last year caused the price rise more than 1 month before the actual date. and a lot more other examples.
so with that logic based on history the price is already affected by the August first and unless something horrible and completely unexpected happens on that date, i don't see anything happening to price.