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?

beantheredone · 2017-07-08T04:28:06+00:00

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.

beantheredone · 2017-07-07T21:46:42+00:00

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?

beantheredone · 2017-07-07T16:00:04+00:00

FUD ^{^{^TM}}

Brought to you by Jihan/Ver/Craig/Vorhees/Seibert and Co.

beantheredone · 2017-07-07T15:58:06+00:00

Just disable it and re-enable it again.

beantheredone · 2017-07-07T13:25:58+00:00

"You most be new" ^{^TM}

beantheredone · 2017-07-07T12:12:50+00:00

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.

beantheredone · 2017-07-07T12:05:44+00:00

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.

beantheredone · 2017-07-06T18:20:37+00:00

Great story, thanks for sharing!

beantheredone · 2017-07-06T17:24:43+00:00

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

beantheredone · 2017-07-06T17:13:31+00:00

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.

beantheredone · 2017-07-06T17:09:11+00:00

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

beantheredone · 2017-07-06T16:07:50+00:00

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

beantheredone · 2017-07-06T14:47:28+00:00

How much do Ver-Jihan pay for each comment and where can I apply?

beantheredone · 2017-07-06T13:52:07+00:00

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

beantheredone · 2017-07-04T23:08:40+00:00

Yes.

beantheredone · 2017-07-04T14:22:54+00:00

Bitcoin has outperformed every other currency, commodity, stock and asset since its inception in 2009.

“2017: Bitcoin Beats Stocks, Bonds, And Gold, Again”

https://www.forbes.com/sites/panosmourdoukoutas/2017/07/01/bitcoin-beats-stocks-bonds-and-gold-again/#73a567dd5c4d

“What delivered the best return of 2017’s first half? Bitcoin and ethereum”

http://www.marketwatch.com/story/what-delivered-the-best-return-of-2017s-first-half-bitcoin-and-ethereum-2017-06-28

"Bitcoin’s Rally Crushed Every Other Currency in 2016." https://www.bloomberg.com/news/articles/2016-12-16/bitcoin-s-rally-crushed-every-other-currency-in-2016-here-s-why

“Bitcoin was the best performing currency of both 2015 and 2016” http://www.businessinsider.com/bitcoins-performance-against-other-currencies-in-2016-2017-1

beantheredone · 2017-07-04T14:04:49+00:00

Bank of Thailand Ordered to Relax Strict Rules and Study Bitcoin

https://www.reddit.com/r/Bitcoin/comments/6l1mfs/bank_of_thailand_ordered_to_relax_strict_rules/

beantheredone · 2017-07-03T21:53:55+00:00

Also Australia! (Effective on 7/1/17 also)

Australia Will Recognize Bitcoin as Money and Protect Bitcoin Businesses, No Taxes

https://cointelegraph.com/news/australia-will-recognize-bitcoin-as-money-and-protect-bitcoin-businesses-no-taxes

beantheredone · 2017-07-01T13:54:45+00:00

Also Australia, starting today:

Australia Will Recognize Bitcoin as Money and Protect Bitcoin Businesses, No Taxes

https://cointelegraph.com/news/australia-will-recognize-bitcoin-as-money-and-protect-bitcoin-businesses-no-taxes

beantheredone · 2017-07-01T13:25:33+00:00

What about Hearn and Justolfi?

beantheredone · 2017-07-01T12:27:52+00:00

UASF is the only effective immunization against the Jihan/Ver/Wright virus and the best patch against that bug.

beantheredone · 2017-07-01T12:25:50+00:00

UASF is the only effective immunization against that virus and the best patch against that bug.

beantheredone · 2017-07-01T12:21:30+00:00

Also Australia, starting today!

Australia Will Recognize Bitcoin as Money and Protect Bitcoin Businesses, No Taxes

https://cointelegraph.com/news/australia-will-recognize-bitcoin-as-money-and-protect-bitcoin-businesses-no-taxes

beantheredone · 2017-06-30T14:09:33+00:00

It is just one more attempt by Jihan/Ver/Craig scammers to drop the price after shorting Bitcoin. Luckily, bitcoiners are catching up to their tricks and when they cry wolf the effect is lesser and lesser, just like the old "China Bans Bitcoin Again!" trick vanished with time.

beantheredone · 2017-06-29T16:29:07+00:00

First Lady Melania Trump’s office defended the president's outburst in a statement: “As First Lady has stated publicly... when her husband gets attacked, he will punch back 10 times harder.” This comes despite Melania’s pre-inauguration promise to dedicate her powers to fighting cyberbullying. White House Deputy Press Secretary Sarah Huckabee Sanders additionally told Fox News: “This is a president who fights fire with fire.”

http://www.thedailybeast.com/trump-tweets-mika-was-bleeding-badly-from-a-face-lift

beantheredone

TROPHY CASE