This is another bitcoin doomsday hype and I believe nothing will happen although people can cut their loses by selling now and buying low. After 1st of August I hope we see uptrend of all coins until the winter. Especially Steem/SBD/EOS/Bitshares.
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why do you think these and not one of the 800+ other ones?
Yes people seem to love saying the world is ending.
The mayas predicted Bitcoin doomsday 1st of August lol. It's funny how many people are panic selling. The people who will lose the most from this ridicilous panic are the miners. Their roi on their equipment and electricity or cloud service is diving and they can't do nothing.
I think most of it is done on such a scale and with such big players that they can take the hit and wait for things to settle. They might not like it but they won't go out of business.
The main problem that I see after 1st of august is not some doomsday crypto but huge percentage of btc and other currencies will be overtaken by the whales so we will have quite controlled market price. If too many people panic sells to them, it's a gg for all small to mid players on the market exchange.
Only if people fall for it.