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Topic: Reminders for today: #1 DON'T PANIC! - page 2. (Read 2655 times)

legendary
Activity: 4542
Merit: 3393
Vile Vixen and Miss Bitcointalk 2021-2023
August 01, 2017, 07:24:17 AM
#54
Now is the time to officially start panicking! Let the catastrophe that is Bitmain Crash ensue!

full member
Activity: 266
Merit: 100
August 01, 2017, 06:40:03 AM
#53
We are dealing with an open source software. Everybody has a right to fork an open source software/project. Bitcoin Cash is no different. Today it is Bitcoin Cash and week later it may be something else.  Creating money out of thin air? This goes against fundamental principles of Bitcoin. I'm definitely keeping my hands off Bitcoin Cash no matter what.

Is the Bitcoin community going to jump up and down with distress every time someone decides to create a fork? Well if yes, we might not be doing anything else but panic, since while disregarding a technical skill anybody can create a new fork, hence new Bitcoin like crypto currency tomorrow!

Bitcoin Cash sounds like a scam on a pretext for an improvement. Does a bunch of programmers behind Bitcoin Cash know better than an entire community? 

Well if anything, Bitcoin Cash is nothing else just yet another altcoin from a myriad of upcoming Bitcoin like projects!
I don't really ubderstand your point, sorry. Why does it sound like a scam? Bitcoin cash isn't a brand new coin, it's a fork of bitcoin. Meaning you take the original bitcoin source code, modify it to your liking, make improvements, fix some stuff and release.
It doesn't create money out of thin air? Where are you getting that statement from?
newbie
Activity: 3
Merit: 0
August 01, 2017, 06:32:39 AM
#52
We are dealing with an open source software. Everybody has a right to fork an open source software/project. Bitcoin Cash is no different. Today it is Bitcoin Cash and week later it may be something else.  Creating money out of thin air? This goes against fundamental principles of Bitcoin. I'm definitely keeping my hands off Bitcoin Cash no matter what.

Is the Bitcoin community going to jump up and down with distress every time someone decides to create a fork? Well if yes, we might not be doing anything else but panic, since while disregarding a technical skill anybody can create a new fork, hence new Bitcoin like crypto currency tomorrow!

Bitcoin Cash sounds like a scam on a pretext for an improvement. Does a bunch of programmers behind Bitcoin Cash know better than an entire community? 

Well if anything, Bitcoin Cash is nothing else just yet another altcoin from a myriad of upcoming Bitcoin like projects!
full member
Activity: 294
Merit: 100
August 01, 2017, 06:11:37 AM
#51
It could be a very long day today.

The Bitcointalk forums could be Ddosed, Bitcoin service providers like exchanges and wallet providers may go off line.

Websites and companies may be hacked. Be extremely skeptical of everything you read.

Be wary of any links on this website unless your behind a VPN. If someone sends you a private message asking you to click a link don't do it! Your giving away your IP address to a potential hacker.  

And while we all want Bitmain-cash to die may I suggest letting the VC money (the stupid money) pump it up a bit before we all sell? I hate this shit just as much as you but it may be worth more in 6 months then it is today.

Don't trust Bitmain-Cash-wallets they could be back-doored.

To Avoid replay attacks on the Bitcoin network create a new Bitcoin wallet and move your Bitcoins to that wallet AFTER the fork then use your old now empty wallet.dat file with a Bitmain-cash client.

Make encrypted backups of all your wallets new and old before doing anything.

Make sure your passwords are really strong. https://bitcointalksearch.org/topic/m.18152557

Update: The BitcoinTalk forums are being inundated with negative stories and FUD! They want you sell don't do it! Not today! Bitcoiners HODL!

They are doing everything they can to scare the community today and cause a panic sell off, don't let these shills manipulate you!

And remember Don't Panic! Everything is going to be ok.  

Useful Link: https://www.btcforkmonitor.info

yes your right we need to be calm and dont panic. Everything is gonna be alright. Some bitcoiners made a move by sending negative stories and in an article to force other bitcoin holder to sell their coins now. So that in the near future when btc goes up again they will sell it in a higher price.
jr. member
Activity: 59
Merit: 10
August 01, 2017, 06:11:00 AM
#50
I know that many prominent Bitcoiners have put their weight behind Bitcoin ABC, namely Craig Wright, Roger Ver, Jihan Wu, and maybe even Gavin Andresen with Mike Hearn. I suppose that's good reason to believe in success of Bitcoin Cash and think that Bicoin Cash will replace Bitcoin BIP148, i'm only making conjectures here and hope for the brighter future for Bitcoin.

 That's one list of "prominent Bitcoiners" I'm glad I'm not on.  Although I am fascinated to find see what the outcome of all of this will be.
sr. member
Activity: 602
Merit: 252
August 01, 2017, 06:02:08 AM
#49
As the thread title suggests should never get panic, because need to have the patience and trust to face anything. With bitcoin each and every move is hard to predict, so right now looking the scenario the splitting is expected to come into effect without much of negative impacts over the growth of the entire network.
sr. member
Activity: 2618
Merit: 439
August 01, 2017, 05:59:05 AM
#48
It seems the price is getting to feel the impact of the few hours left for the activation from the $2900+ back to the $2700+ currently and this post comes to mind because when panic sets in, decisions are made which most times one will end up regretting and this is something everybody must try to avoid at this time. We have hold on for so long, keep holding, few hours left for light at the end of this long tunnel that I cant wait for it to be over.
those people who preparing for the fork properly wouldn't feel panic at all . they even would take it as an advantage to make profit on the volatile hours like what currently happening. you can easily grow your bitcoin quickly , and waiting for the result later to make another step. this event just make bitcoin even more beautiful!

Yes, If you already do your homework and secure your coins then no need to panic. And just wait till everything settles down. I'm just too cautious though about BCC specially on how to get it. The price is still good at $2800 and once this hardfork is over, we are going to see another bitcoin milestone. So still hold and see how everything goes.
legendary
Activity: 1442
Merit: 1008
August 01, 2017, 05:46:33 AM
#47
It seems the price is getting to feel the impact of the few hours left for the activation from the $2900+ back to the $2700+ currently and this post comes to mind because when panic sets in, decisions are made which most times one will end up regretting and this is something everybody must try to avoid at this time. We have hold on for so long, keep holding, few hours left for light at the end of this long tunnel that I cant wait for it to be over.
those people who preparing for the fork properly wouldn't feel panic at all . they even would take it as an advantage to make profit on the volatile hours like what currently happening. you can easily grow your bitcoin quickly , and waiting for the result later to make another step. this event just make bitcoin even more beautiful!
legendary
Activity: 1526
Merit: 1001
August 01, 2017, 05:35:36 AM
#46
It seems the price is getting to feel the impact of the few hours left for the activation from the $2900+ back to the $2700+ currently and this post comes to mind because when panic sets in, decisions are made which most times one will end up regretting and this is something everybody must try to avoid at this time. We have hold on for so long, keep holding, few hours left for light at the end of this long tunnel that I cant wait for it to be over.
The price has indeed gone back down and will not exceed 3000 $. But I still believe because if I survive then I will get the BCC from the bitcoin split result. BCC does not yet have a price, but seeing its enthusiasm I am sure I will get more money when doing bitcoin hold in my wallet than selling bitcoin in exchange at this time. Do not let any panic because this can trigger instability of bitcoin prices.
legendary
Activity: 1456
Merit: 1005
August 01, 2017, 05:31:45 AM
#45
It seems the price is getting to feel the impact of the few hours left for the activation from the $2900+ back to the $2700+ currently and this post comes to mind because when panic sets in, decisions are made which most times one will end up regretting and this is something everybody must try to avoid at this time. We have hold on for so long, keep holding, few hours left for light at the end of this long tunnel that I cant wait for it to be over.
Last time also it went tip of $3000 and came down yesterday also it went up and now it's normal. My advice also same don't get panic and do any activities next few days just wait and see how the market will run. I also just hold my coins and thanks for the OP it was good reminder it helps people not to get panic. 
sr. member
Activity: 420
Merit: 250
August 01, 2017, 05:22:19 AM
#44
It could be a very long day today.

The Bitcointalk forums could be Ddosed, Bitcoin service providers like exchanges and wallet providers may go off line.

Websites and companies may be hacked. Be extremely skeptical of everything you read.

Be wary of any links on this website unless your behind a VPN. If someone sends you a private message asking you to click a link don't do it! Your giving away your IP address to a potential hacker.  

And while we all want Bitmain-cash to die may I suggest letting the VC money (the stupid money) pump it up a bit before we all sell? I hate this shit just as much as you but it may be worth more in 6 months then it is today.

Don't trust Bitmain-Cash-wallets they could be back-doored.

To Avoid replay attacks on the Bitcoin network create a new Bitcoin wallet and move your Bitcoins to that wallet AFTER the fork then use your old now empty wallet.dat file with a Bitmain-cash client.

Make encrypted backups of all your wallets new and old before doing anything.

Make sure your passwords are really strong. https://bitcointalksearch.org/topic/m.18152557

Update: The BitcoinTalk forums are being inundated with negative stories and FUD! They want you sell don't do it! Not today! Bitcoiners HODL!

They are doing everything they can to scare the community today and cause a panic sell off, don't let these shills manipulate you!

And remember Don't Panic! Everything is going to be ok.  

Useful Link: https://www.btcforkmonitor.info

Thank you for this reminder, I was sent last night a private message from a newbie account but thankfully I never really mind those and did not clickon the link not unless I sent a PM to the campaign manager.
full member
Activity: 168
Merit: 100
August 01, 2017, 05:14:25 AM
#43
Great reminders.

If you're on the fence and tend to panic you should probably not make any moves at all today. Miscalculating dips/highs can be costly, today looks like it's going to be rough seas.
legendary
Activity: 2604
Merit: 1036
August 01, 2017, 05:12:45 AM
#42
What you would need in case of a Bitcoin apocalypse:

Quote
Water (1 gallon per person per day)
Food (stock up on non-perishable items that you eat regularly)
Medications (this includes prescription and non-prescription meds)
Tools and Supplies (utility knife, duct tape, battery powered radio, etc.)
Sanitation and Hygiene (household bleach, soap, towels, etc.)
Clothing and Bedding (a change of clothes for each family member and blankets)
Important documents (copies of your driver’s license, passport, and birth certificate to name a few)
First Aid supplies


hero member
Activity: 1330
Merit: 569
August 01, 2017, 05:05:30 AM
#41
It seems the price is getting to feel the impact of the few hours left for the activation from the $2900+ back to the $2700+ currently and this post comes to mind because when panic sets in, decisions are made which most times one will end up regretting and this is something everybody must try to avoid at this time. We have hold on for so long, keep holding, few hours left for light at the end of this long tunnel that I cant wait for it to be over.
full member
Activity: 191
Merit: 100
August 01, 2017, 04:56:13 AM
#40
Today will go down in Bitcoin History as the day of FUD.

When do you think the FUD is over ?

I mean when will the BTC price rise enourmous because of segwit successfully implemented ? (I suppose it will rise because with segwit we gain a lot scalability)

what do you mean by a lot. its 1.8x so not a lot in my eyes? it just patched btc for half a year
sr. member
Activity: 434
Merit: 251
physics, mathematics and engineering
August 01, 2017, 04:32:18 AM
#39
Today will go down in Bitcoin History as the day of FUD.

When do you think the FUD is over ?

I mean when will the BTC price rise enourmous because of segwit successfully implemented ? (I suppose it will rise because with segwit we gain a lot scalability)
Ctn
sr. member
Activity: 644
Merit: 259
August 01, 2017, 04:16:31 AM
#38

Thanks for this great awareness post. I read it very carefully and it was feeling like I'm getting trained for battles and this is world war z. Lolz.

It's really good post and hope that others will take it easy as well. Hope to see bitcoin getting protected by all the enthusiasts and not burning or hacking the data centres. That would be bad to recover from.


legendary
Activity: 2716
Merit: 1116
August 01, 2017, 03:18:10 AM
#37
It's not time to sell BTC right now, too much uncertanties with BCC fork.

About the investors, most of them really don't care about the technology behind Bitcoin, for most of them, BTC is only a way to profit if the price climbs up, and if the price goes up, you woul expect a huge dump by some of them.
hero member
Activity: 560
Merit: 500
July 31, 2017, 10:30:58 AM
#36
It could be a very long day today.

The Bitcointalk forums could be Ddosed, Bitcoin service providers like exchanges and wallet providers may go off line.

Websites and companies may be hacked. Be extremely skeptical of everything you read.

Be wary of any links on this website unless your behind a VPN. If someone sends you a private message asking you to click a link don't do it! Your giving away your IP address to a potential hacker.  

And while we all want Bitmain-cash to die may I suggest letting the VC money (the stupid money) pump it up a bit before we all sell? I hate this shit just as much as you but it may be worth more in 6 months then it is today.

Don't trust Bitmain-Cash-wallets they could be back-doored.

To Avoid replay attacks on the Bitcoin network create a new Bitcoin wallet and move your Bitcoins to that wallet AFTER the fork then use your old now empty wallet.dat file with a Bitmain-cash client.

Make encrypted backups of all your wallets new and old before doing anything.

Make sure your passwords are really strong. https://bitcointalksearch.org/topic/m.18152557

Update: The BitcoinTalk forums are being inundated with negative stories and FUD! They want you sell don't do it! Not today! Bitcoiners HODL!

They are doing everything they can to scare the community today and cause a panic sell off, don't let these shills manipulate you!

And remember Don't Panic! Everything is going to be ok.  

Useful Link: https://www.btcforkmonitor.info

my understanding on BCC
1. BCC will come what ever will be happening (Soft Fork or HardFork)
2. It will not impact the Bitcoins
3. It will most probably serve as an altcoin as it will not have enough support initially.
full member
Activity: 236
Merit: 100
July 31, 2017, 10:26:00 AM
#35
Should i put my all bitcoins into electrum wallet?
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