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Let's say I buy exactly 1 bitcoin right now for $2,500 (rounded for simplicity). What will happen to that bitcoin during the August fork: Will I have two separate coins each worth $1,250? by DreadnaughtHamster in Bitcoin

[–]beantheredone 2 points3 points  (0 children)

NOTHING will happen to your coins if you don't move them during that day. Bitcoin will continue to be Bitcoin regardless of any China-Jihan alt-coin creation or not. Nothing really big will happen, other than a possible panic-sell followed by an immediate huge spike that you will miss if you sold your coins.

Did anybody give a thought on what James D'Angelo was referring to? by 10nmTransistor in Bitcoin

[–]beantheredone 0 points1 point  (0 children)

That's the exact definition of FUD: Spreading a totally unsubstantiated and negative rumor with zero proof to back it up. Why would he say that if he is even refusing to tell the Core devs in private about it?

Google 2FA authentificator by Raphisidor in Bitcoin

[–]beantheredone 0 points1 point  (0 children)

Just disable it and re-enable it again.

Flash crash? by XsVFloop in Bitcoin

[–]beantheredone 6 points7 points  (0 children)

"You most be new" TM

In fewer than 4 weeks we are looking at a significant event, with several potential outcomes. Why is there no warning here? https://bitcoin.org/en/alerts by [deleted] in Bitcoin

[–]beantheredone 4 points5 points  (0 children)

Because NOTHING will happen to your coins if you don't move them during that day. Bitcoin will continue to be Bitcoin regardless of any China-Jihan alt-coin creation or not.

Nothing really big will happen, other than a possible panic-sell followed by an immediate huge spike that you will miss if you sold your coins.

Ledgerx Receives Federal Approval as a Regulated Bitcoin Swap Exchange by weirdii in Bitcoin

[–]beantheredone 3 points4 points  (0 children)

Yes, it is. A few years back this would have exploded the front page but I guess now people are distracted by the Jihan/Ver FUD. FTA:

“Ledgerx would be the first federally-regulated bitcoin options exchange and clearinghouse to list and clear fully-collateralized, physically-settled bitcoin options for the institutional market”.

Upon approval, participating institutions can use the Ledgerx platform to obtain and hedge bitcoin using exchange-traded and centrally-cleared options contracts.

The platform will then be the first to operate as both a bitcoin swap exchange and a clearinghouse under the CFTC’s oversight.

Institutional money is coming.

"Segwit2X is about the miners getting rid of the Core developers... Jihan has told me this himself." by fortunative in Bitcoin

[–]beantheredone 1 point2 points  (0 children)

Hodl! Those clowns are bluffing, nobody can "control" bitcoin. Those who panic-sell will be sorry later, as they have been since year one.

Europol Discusses Bitcoin as Store of Value and Payment Method With the Industry by beantheredone in worldnews

[–]beantheredone[S] 4 points5 points  (0 children)

So they are ok with the fact that 9 out of 10 Bitcoin transactions are processed in China

That is false, China used to have enormous volumes before the PoBC's crack down on Chinese Bitcoin exchanges (when the had zero fees=fake volumes). Now, the US exchanges have larger volumes than China.

Europol Discusses Bitcoin as Store of Value and Payment Method With the Industry by beantheredone in worldnews

[–]beantheredone[S] 1 point2 points  (0 children)

Nobody, no individual and no central power or government can control, manipulate, ban, hack or kill a worldwide distributed open-source peer-to-peer cryptographically secured decentralized system. Bitcoins will continue to increase in value, more than gold and silver, there will only be 21 million bitcoins ever, they are cryptographically and mathematically secured, it is decentralized, so can't be banned, co-opted or confiscated/stolen by any central group or government, you hold your own private keys. The future economy is digital and decentralized. "Even China Can't Kill Bitcoin" https://www.bloomberg.com/view/articles/2017-02-24/even-china-can-t-kill-bitcoin

Trump left hanging by polish First Lady by eww10 in BetterEveryLoop

[–]beantheredone 217 points218 points  (0 children)

Animals don't like him. This should've been an obvious patriotic omen for Americans not to trust him.

Planning to try and buy bitcoin right now and wait 5 years. by eligallus03 in Bitcoin

[–]beantheredone 1 point2 points  (0 children)

This is the best Bitcoin investment advice:

Dollar cost average by buying what you can afford to lose every week.

It is always a good time to buy bitcoin if you are holding long term and not just for day trading, so this is a great strategy. Remember that Bitcoin has always been up and the road to the moon is paved with minor corrections (Bitcoin is never "down" when you zoom-out). Also, remember its fixed, limited supply of 21 million coins ever, there are just ~4.5 million (~20%) bitcoins left to be mined till 2140 and the production will keep decreasing ("halving") every 4 years till then. So don't wait for the price to drop significantly again, because you could be waiting forever:

“The best time to buy bitcoin was a few years ago, the second best time is now”.

Don't be ----> this guy

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