Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17539. (Read 26713700 times)
March 22, 2017, 04:59:26 PM
I was surprised reading the Circle Email, I thought they disabled Bitcoin long time ago ?
March 22, 2017, 04:55:18 PM
So Circle company is encouraging its users to change their bitcoins for dollars because bitcoin price is going to fall down. So Circle company is wishing to buy all those bitcoins whose price is going to fall down. So Circle company is wishing to lose money just because they are Philanthropists or something.
Also, Coinbase will freeze funds for a few days. Thing is this isn't really FUD given the situation. If anything it shows the ecosystem is maturing. Since BU has yet to implement the code needed to prevent replay attacks (many pose that this is intentional to allow the killing of the lesser chain in event of fork) these companies are taking the initiative to reduce their customers exposure and/or their own liability.
Safest scenario is having your coin in cold storage and NOT moving them at the time of fork. Circle encouraging customers to dump is dubious though, for sure. Still, the overall message is to be prepared, not that the fork is imminent as many are lead to believe falsely.
There is a considerable tone difference between the Coinbase announcement and the Circle announcement, and the Circle announcement surely seems to traverse into the unethical territory (even though it seems unlikely to be illegal in our current regulatory quasi wild wild west status of bitcoin).
March 22, 2017, 04:53:56 PM
blah blah blah more fork FUD bullshit blah blah
Thanks for id'ing yourself, my ignore list just keeps getting longer
Just keep pushing the ignore button. Soon everyone will agree with you.
March 22, 2017, 04:51:01 PM
So Circle company is encouraging its users to change their bitcoins for dollars because bitcoin price is going to fall down. So Circle company is wishing to buy all those bitcoins whose price is going to fall down. So Circle company is wishing to lose money just because they are Philanthropists or something.
Also, Coinbase will freeze funds for a few days. Thing is this isn't really FUD given the situation. If anything it shows the ecosystem is maturing. Since BU has yet to implement the code needed to prevent replay attacks (many pose that this is intentional to allow the killing of the lesser chain in event of fork) these companies are taking the initiative to reduce their customers exposure and/or their own liability.
Safest scenario is having your coin in cold storage and NOT moving them at the time of fork. Circle encouraging customers to dump is dubious though, for sure. Still, the overall message is to be prepared, not that the fork is imminent as many are lead to believe falsely.
March 22, 2017, 04:44:27 PM
We are above 1k and people are worried that something is wrong!
March 22, 2017, 04:26:12 PM
So Circle company is encouraging its users to change their bitcoins for dollars because bitcoin price is going to fall down. So Circle company is wishing to buy all those bitcoins whose price is going to fall down. So Circle company is wishing to lose money just because they are Philanthropists or something.
March 22, 2017, 04:23:44 PM
blah blah blah more fork FUD bullshit blah blah
Thanks for id'ing yourself, my ignore list just keeps getting longer
March 22, 2017, 04:21:18 PM
If I'm buying multiple coins, I'll use multiple wallets with never more than a single coin per wallet.
That sounds like a grind to me.
March 22, 2017, 04:18:27 PM
Use a hardware wallet like ledger or trezor. Then you are safe. Well, the number of coins at least. The value of the coins is a different story 
I thought a paper wallet was safe!!
Don't listen to that nincompoop.
Paper wallets created in the right manner are safe. You have your private keys and you can choose what to do with them.
Hardware wallet transactions require provider servers so you'd be waiting for them to make up their mind. You can of course take the hardware wallet private keys or seed and use them elsewhere too so it's much of a muchness.
Absolutely. Paper wallets are safest.
They just lack convenience. If you want to spend some of the contents, the entire amount must be transferred to an active wallet and reassigned.
This is why all my coins (except for a pittance on an Android device) are in a multitude of paper wallets. If I'm buying multiple coins, I'll use
multiple wallets with never more than a single coin per wallet. Only my oldest wallets have more than a single coin in them.
March 22, 2017, 04:09:09 PM
Guys, everyone knows the difference of $1K and $999 is a staggering amount. 
Mate, it is a massive difference from $1350 (not so long ago)
And it's not a FUD conspiracy - it's 'Greater Bitcoinland' finding out what the civil war and bickering in BTC actually means.
BTC has brought this on itself. And "it's all fine, just a little blip" doesn't cut it.
It's the potential fork - and you know it.
Nothing personal, but the group think here is risible, and if there is a fork it will set Bitcoin back a long way from seeing an ATH again.
If only Satoshi was alive and here to speak his mind there might be less of a problem, but 'he' is not - so entrenched camps, neither of whom are totally right are battling it out incompetently.
And that's why the price has tanked, not FUD. Bitcoin did this itself.
March 22, 2017, 04:04:20 PM
Use a hardware wallet like ledger or trezor. Then you are safe. Well, the number of coins at least. The value of the coins is a different story
I thought a paper wallet was safe!!
Don't listen to that nincompoop.
Paper wallets created in the right manner are safe. You have your private keys and you can choose what to do with them.
Hardware wallet transactions require provider servers so you'd be waiting for them to make up their mind. You can of course take the hardware wallet private keys or seed and use them elsewhere too so it's much of a muchness.
March 22, 2017, 03:59:39 PM
No i heart many exchanges saying that only a hardware wallet is safe. Ledger nano is cheap guys only 50 dollar to be 100% sure that your btc is safe. I recoment a trezor wallet because of its extremely good security and support, also easy to use. Everyone with online wallets gets rekt, thats what they were saying. And hardware wallets are safe, if worked with Ethereum like this and bitcoin is no excepion for this matter. But hey if you think that a paper wallet will do, use it at your own risks. Bitcoin has proved in the past that you HAVE to secure it as best as you can in my opinion.
March 22, 2017, 03:54:23 PM
Use a hardware wallet like ledger or trezor. Then you are safe. Well, the number of coins at least. The value of the coins is a different story
I thought a paper wallet was safe!!
March 22, 2017, 03:52:43 PM
Use a hardware wallet like ledger or trezor. Then you are safe. Well, the number of coins at least. The value of the coins is a different story
March 22, 2017, 03:32:03 PM
Forget my hero status (means fuck all a sort from posting crap for a long time)
This is a complete none techy question as I am purely a hodler.
With regards to a possible fork, what happens to us non techy guys who just hodl bitcoin long term on paper wallets? I've said I'm not techy numerous times so no dickhead comments please.
How does all this work?
Thank you.
This is a complete none techy question as I am purely a hodler.
With regards to a possible fork, what happens to us non techy guys who just hodl bitcoin long term on paper wallets? I've said I'm not techy numerous times so no dickhead comments please.
How does all this work?
Thank you.
During a contentious hard fork, you would have access to the same coins on both chains, and to trade them properly you would have to disassociate them one way or another.
If one chain wins and the other goes the way of the Dodo, you have nothing to worry about holding a paper wallet.
If two chains continue to exist, at some point down the road you will probably want to disassociate your coins to prevent replay attack (a transaction on one chain is also valid on the other chain).
So even after the eventual HF, don't panic and just see how it goes for a period of time?
Still very confused how this will all work. Surely no one will use the coin from the chain which is worth less than the other right? As you can see I don't understand all this. I bought up btc and then paper wallets and thought I was fine to leave it all alone.
Wrong.
March 22, 2017, 03:25:20 PM
Forget my hero status (means fuck all a sort from posting crap for a long time)
This is a complete none techy question as I am purely a hodler.
With regards to a possible fork, what happens to us non techy guys who just hodl bitcoin long term on paper wallets? I've said I'm not techy numerous times so no dickhead comments please.
How does all this work?
Thank you.
This is a complete none techy question as I am purely a hodler.
With regards to a possible fork, what happens to us non techy guys who just hodl bitcoin long term on paper wallets? I've said I'm not techy numerous times so no dickhead comments please.
How does all this work?
Thank you.
During a contentious hard fork, you would have access to the same coins on both chains, and to trade them properly you would have to disassociate them one way or another.
If one chain wins and the other goes the way of the Dodo, you have nothing to worry about holding a paper wallet.
If two chains continue to exist, at some point down the road you will probably want to disassociate your coins to prevent replay attack (a transaction on one chain is also valid on the other chain).
March 22, 2017, 03:23:58 PM
If it actually goes down to triple digits, I'll have to think about scraping up some spare cash to buy some more.
Do you play poker with your cards in full view of your oponenent too?
I don't play poker, and this isn't a game.
I've never hidden the fact that I'm an investor not a trader.
I buy what I can comfortably afford when the price dips and refuse to sell except in an extreme emergency.
It doesn't matter if others know what I'm doing. They can do the same if they want. Or
I held tight when the price dropped from $266 to $50 and again when it fell from over $1100 to under $200.
I certainly have no intention of selling now. Hard fork? My coins will be on both forks. Within a few years this will seem as quaint as MtGox or CPU mining.
March 22, 2017, 03:07:59 PM
Forget my hero status (means fuck all a sort from posting crap for a long time)
This is a complete none techy question as I am purely a hodler.
With regards to a possible fork, what happens to us non techy guys who just hodl bitcoin long term on paper wallets? I've said I'm not techy numerous times so no dickhead comments please.
How does all this work?
Thank you.
This is a complete none techy question as I am purely a hodler.
With regards to a possible fork, what happens to us non techy guys who just hodl bitcoin long term on paper wallets? I've said I'm not techy numerous times so no dickhead comments please.
How does all this work?
Thank you.
March 22, 2017, 01:57:57 PM
Newbie trolls are on ignore, so whatever you're saying york, just don't waste your time..
True that. This forum has a lot of newbies accounts that only reply armageddon posts and after that nobody knows where they are going. Maybe there is some big bear party over there. 
March 22, 2017, 01:57:50 PM
These are the hard times where holding the keys and keeping them secure is more important than anything else
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