The mega rich didn’t get rich by selling assets, they got rich by accruing them. Sure you can trade from one asset to another (diversify), and getting large capital gains is part of the game, but, the rich don’t get rich by selling the things that make them rich. When the rich spend money on lifestyle (cars, mansions, etc) the money they use is from yield, not capital gains, capital gains is almost always reinvested or simply never realised.

My strategy is this - never sell any bitcoins for 2 reasons:

   1) I will miss out on any further potential capital gains
   2) I will have to pay a lot of tax on those capital gains

Instead I will realise my wealth, via yield on my bitcoins. How do you get yield on a bitcoin you might be wondering? Simple, loaning them out, which, can already be done on bitfinex and other platforms. This sounds risky, and I think it is at the moment, so, I won't be doing that. However, when bitcoin goes mainstream the entire financial system will be using it one way or another and I reckon lending your bitcoin out at that point will be just as safe as having your fiat in a savings account (which isn’t 100% safe but pretty decent still).

Capital gains tax is the big killer, and I think that alone justifies waiting for proper regulated and insured lending markets. What does everyone else think? sell down your assets to spend, or, wait for proper lending markets and generate a never ending income stream? Hell, Do you even think there will ever be regulated safe lending markets?

yobit has released them already, they've been able to do this because they have frozen withdrawls and deposits I think. Of course, the actual chain split hasn't happened yet.

I suspect the price difference is due to opening trading on the yet to be bitcoin gold. As well, as a freeze on withdrawls and deposits on yobit.

Currently btc = 5550. btg = 0.12btc

price action of btc and btg is just stupid. hopefully things are a bit calmer on other exchanges when the split actually happens

btc price 5150 at yobit.

looks like other exchanges are now following

or they'll sell the btg and buy btc, meaning price will go up.

So the btc price has taken a bit of a dive on Yobit when the btg trading opened up. Does anythink that the prices will come down on other exchanges like this?

I honestly didn't think btg would move the price of btc at all.

So are the OHNI tokens that were listed on stocks.exchange absolutely useless now?

Of course they want to make money. But, which team do they actually think will make them the most money?

I'm probably just being naive/stupid with the following, but here goes anyway.

Segwitx2x is fast approaching and I've been hearing a lot of bullshit about it from both sides. One thing that sticks in my mind though is the apparent miner support of Segwit2x. To the uneducated observer this would look like exactly what it is, that this fork has a lot of miner support, but, does it?

One opinion being thrown around is that while a doubling of the block size does have a large majority support from the miners, it doesn’t necessarily mean that the miners support dumping the core developer team and siding with the btc1 team.

Think about it, this shit is being a bit rushed, and despite what you think of the core developers these are the guys who have got btc to where it is today. Honestly, if a survey of the miners was done that said "who do you trust more to develop bitcoin? Core team? Or btc1 team?" what would be the answer?

Another interesting fact is that the Core team is not necessarily opposed to an increase in the block size, they just don’t want to do it yet. Especially in the rushed manner that btc1 is trying to do it. With this in mind, how many miners are simply signally their desire for an increase in the block size, but, don’t actually want the btc1 team to handle this increase?

I think an answer to this last question would clear up a lot of speculation and if the answer were to come back that the miners want an increase in the block size, but, the majority don’t want this increase to be handled by the btc1 team, this would shut down the NYA very quickly.

I wonder is it possible to submit a BIP that will allow the miners to signal for 2x increase in block size, but, for this increase to be handled by Core at some point down the track. Regardless, of whether Core does actually increase the block size. If this could somehow be done I think it would tell us a lot more about the intentions of the miners, and whose side they are actually on.

Or am I just an idiot.

PM sent.
Glad to have joined.
Thanks dev

The banning of Chinese exchanges will not prevent the Chinese from buying Bitcoin. Evidence of this can be seen when you look at the love affair that the Chinese have with overseas property. In the last few years the Chinese government has come down hard on money leaving the country, and this has not even paused the relentless buying in countries like Australia and Canada.

I imagine buying Bitcoin is a hell of a lot easier than getting money out to buy overseas property, so, don't worry, the chinese will continue to buy large amounts of bitcoin without issue. People need to unnderstand that the Chinese government is not all powerful.

Ah, all good then. Thanks for the quick replies.

Are the coins for the airdrop distributed on a certain date, or within a certain timeframe after submiting the form. Because, I submitted the form a few days ago and have not recieved the airdrop. It's possible I filled it out incorrectly I guess.

I signed up to the airdrop. Thanks and good luck.

PM sent. Thank you and good luck.

haha, bullshit. None of your posts from years back even remotely supported what Bitcoin Cash has done, you're a prema-bear man. In other words, a complete loser.

Fuck. I love having you around man, gives me something to laugh at everytime you post. In fact, I use you as an example to point out to newcomers the retarded illogical arguments that detractors of bitcoin come up with. After that, they see through every FUD post and argument without fail. And man, the laughter that comes from them when I show them how long you have been in the crypto scene and have made no money from it. Lasts for ages, I even start to think that they'll need plastic surgery to remove the smile from their face.

I don't get it kwuckduck, you have been bearish on bitcoin since about 2010, and segwit is only a new development. Being that Bitcoin Cash is just Bitcoin without segwit (plus a larger blocksize), why are you so bullish about Bitcoin Cash? You were never bullish about Bitcoin when it was essentially the same as Bitcoin Cash.

Of course, anyone who is not a newbie knows the answer to this question, which is, that you are probably the biggest loser in bitcoin history, and through sheer stupidity missed out on being a multi-millionaire. But, seriously though, what are you going to do if Bitcoin Cash destroys Bitcoin and becomes the dominate high value coin? Which shitcoin are you going to shill for then and what bearish arguments do you have planned for Bitcoin Cash?

On another note, since you are such a loser and don't own any Bitcoin or Bitcoin Cash, and will therefore miss out on becoming a multi-millionaire for a second time, I'm honestly worried for you. What are you going to do then? Serious question. I am concerned that you would be even more depressed and unliked than now.

I did the opposite to him years ago. Because even when I was new to bitcoin, I worked out very quickly that Kwuck is the biggest dumbshit on this forum.