If we have to believe the general public, those who've been here long enough, knew that Bitcoin was being seen as a massive bubble when it hasn't even reached the $100 level yet. I remember having read "expert" predictions that if Bitcoin was ever going to reach the $100 level, it would be its ultimate high from which it couldn't grow further. Guess what, we did grow further, and even in that exact same year. I'm used to all this bubble talk -> Bitcoin back in the days was a bubble, and Bitcoin at +$50,000 levels will still be a bubble. It's a never ending bubble. People who don't understand what purpose Bitcoin serves, will never understand why it has value in the first place. It's that simple.

Bump.

Since when does the community actually care about whatever individual person speaking out about Bitcoin? His wealth says absolutely nothing to me. On top of that, he has no right to talk about him thinking that Bitcoin is going to implode. As things go now, it looks more like countries heavily depending on oil income that will at some point implode. It's obvious that all these traditional billionaires and investment gurus greatly overestimate their knowledge when it comes to Bitcoin. They fail to understand that Bitcoin is something completely different from all the things that we have seen go by in the last decades. Let him talk as much 'trash' as he want, because it's clear that it won't bring him anywhere.

You act like BG has even a slight form of significance when it comes to Bitcoin, which isn't the case at all. It's mind boggling how people here just randomly post whatever gibberish they come up with. Segwit2x is the one that may put this market under a heavy load of pressure, not something so insignificant as the insanely premined BG fork. Serious investors just laugh their a.. off when looking at BG, because they understand that it's nothing more than the next shit coin that is only there to generate the entities behind BG instant profits.

I am actually glad that ChipMixer has spoken out about this. It shows that despite certain people here not seeing a problem with this potential abuse, that ChipMixer itself acknowledges the situation, and acts to prevent it. If it wasn't someone else who brought this point up, it wouldn't even come up in my mind to exploit the fork and this service just to obtain profits. But even if I did know it, as I said before (a few posts ago), I will not drain the chip reserve because I know that it would negatively impact those who actually need privacy. I value moral standards over potential profits.

I never understand why people go all in to begin with, but what I find even stranger, is that they are willing to hold certain coins for a very long period of time. Ethereum is almost done and over now governments are cracking down on ICO's, so if you really plan to make a solid investment, it would be a wise decision to ditch Ethereum, and put that money into an even higher percentage of BTC. Litecoin is less of a concern since there is definitely some growth potential, but it's not that much as some people here may expect. It serves no purpose, which for me would already be a warning sign that it shouldn't be something that is worthy of investing in. If you plan to invest into something, then go for that what's actually solving a problem, which for example are privacy centric coins.

Instead of going all in with your $12,500, use $7,500 to invest with, which will leave you with $5000 for emergency purposes in your private life. Buy 1BTC, and put the remainder of the fiat you have left in XMR for example, or another coin that actually solves a problem. Don't proceed with Ethereum, that's like you're burning your money.

Who told you that? As long as you aren't the sole owner of your private keys, which means that you allow someone else to take care of them, your coins can never be secure. It's quite shocking that people actually think like this, it isn't only dangerous, but it also shows the stupidity of the general person here in this forum.

No matter how much effort you put into trying to work as secure as possible, you still depend on a third party to take care of your coins, and that's exactly where a problem forms. You don't know how that party is storing your coins, you don't know what happens if someone of their employees, or perhaps the operator himself acts when he has financial problems, etc. After the dangers from inside, there are the regular external dangers such as hacks. Do something to understand what it actually means to have a third party have full control over your coins.

What's the point of waiting? BG's snapshot of Bitcoin's blockchain has already happened, which means that people are free to sell their Bitcoins (if they bought them just for that purpose). Looking at the market, it's pretty clear that while people expected a correction, nothing happened. At this point it's just the regular bit of volatility that gets the market to move up and down. I am actually glad that the market didn't correct, because that would point out how greedy people are, and what risks they expose themselves to just to make a relative profit. Or..... People don't know yet that they can already sell their coins, which is even worse, because that would mean they don't know what they are doing.

Have you actually read what I wrote? Using more than one wallet doesn't necessarily result in better overall security. Even if you use hundreds of wallets, if there is an open spot in your system (security wise), then all your wallets are at risk. If you already have a hardware wallet, because that's the impression you seem to give me, then why don't you store all your coins in there? If it's a Nano Ledger S for example, which is nowadays the best value hardware wallet to go for, you're already enjoying the highest level of security. Everything you do happens on the device itself, which means that you don't input any very precious/sensitive information on your PC or laptop. Out of interest, what hardware wallet do you use (in case you do)?

Japan is the perfect example of what crypto friendliness should look like. At this point it's mainly Japan making it to the headlines, and rightfully so, but we shouldn't discard the fact that the African continent is slowly but surely gaining traction, in crypto terms. I am fairly sure that if more countries and continents start following Japan, the overall growth will more evenly spread out, which is what I find to be very important. I don't really like to see one country pop up far above the rest, because in good times there isn't much to worry about, but when things don't play out in our favor, that country can take the entire market down with it. China is the perfect example of that. It's insane that we experienced so much problems just because of them, and that every time the price was about to break through significantly. Growth needs to get properly distributed accross the world, that's the aim.

How does that even make remotely sense? Stores don't actually have to be involved in Bitcoin to allow people to pay with Bitcoin. Look into what services such as BitPay do -> they take everything related to their Bitcoin generated sales for their responsibility. Stores will not get bothered by this market's volatility, eventual network difficulties, etc. Ultimately, they just receive the converted fiat amounts into their bank accounts, and that's really it. We just have to accept that merchants aren't (yet) willing to directly accept Bitcoin, it's too much of a risk for them - risks that they can't afford to take. Merchants need to have a constant flow of liquidity available, and without a third party service, things will get very difficult.

Multiple wallets won't necessarily result in better overall security. If you make sure that your coins are properly stored, preferably in a hardware wallet, then nothing will happen. As long as you take care of your recovery/mnemonic seed(s), you'll always be able to access your coins, even if your hardware wallet corrupts/breaks. And why do you think hackers won't target 'low' amounts of Bitcoins? As long as it isn't dust, then it will be more than worthwhile for them. Don't forget that when wallet files aren't secured, it cost no effort to access the private keys stored inside.

I have noticed them too, where they shitpost in the Bitcoin discussion section. I have reported some already, and I definitely hope their accounts will be trashed alongside their shit posts.

Look out for posts like these too -> 'This is awesome idea. How before no one made it?'

Edit; Damn, I reported dozens of these bot accounts but they keep popping up.

It's not just about what's profitable. If we look at how much growth Ethereum went through in the recent times, it's safe to say that it's actually Ethereum that has been more profitable. Important is that Bitcoin has a massive long term growth potential, while Ethereum is nothing more than a shitcoin that thrives on ICO's to obtain value. It's not for nothing that Ethereum is only losing value -> governments are cracking down on ICO's, which is only going to be worse. In other words, Ethereum's purpose/market is slowly but surely shrinking, where this coin will definitely end up like Dogecoin -> greatly appreciated and hyped initially, where after that stage the majority doesn't seem to care about it anymore.

That's a pretty normal thing for the average joe. In most of the countries you have to pay tax over your crypto currencies already, so it won't change much. If I hold Bitcoin, the total value of these coins at date of declaring them will add up to my overall wealth, which requires me to pay tax. If I buy and sell for a profit, I again need to pay tax, but now over the booked gains. The crypto market has been growing on a yearly basis, where we near a point that people can't look at crypto anymore as if it is just a hobby/fun thing. I am against paying tax over my holdings, but that mainly comes from the fact that I hold Bitcoin for a reason, but I am quite sure that the regular person will very likely see it as a normal thing to pay tax.

It's safe to say that the majority of the people here only care about their own gains, and not even pay a single bit of attention to how Bitcoin (aside from the financial aspect) as tool can be utilized. It's partly a lack of general understanding, and a lack of interest in something that isn't about earning money. It's not for nothing that when the price goes down, certain people get worried about what's going to happen with Bitcoin. For them a higher price means that Bitcoin is the bomb, and if the price goes down, they think that Bitcoin will be surpassed by whatever shitcoin, etc. I have said it before, and I'll say it again -> people adjust their mood and sentiment based on the volatility. It's a sad but hard reality.

That's actually a good point, but we know that ChipMixer's reserve pool isn't all that large. Imagine how that will be in a situation where people see this as an interesting money making oppostunity. ChipMixer will get 'spammed' with mixing tasks, which eventually would result in a lot people desperately complaining about them being handed a voucher, while they had their eyes on receiving private keys with BG connected to them. Then new chips have to be prepared, and these new chips will not come with BG anymore. It's basically a first come first served situation. I personally will not do so just to obtain BG, because I find that people needing privacy shouldn't suffer any delays due to greedy people emptying the reserve pool.

The only proper way to respond to this, is that you tell them to go ahead and close it. I have experienced something very similar, where I was forced to either stop using my bank account to buy and sell Bitcoin with, or they would immediately close my bank account and cut all ties with me as customer. I left that bank and I am happy that I did so. Never will I let a bank tell me how to use my own money, never. I am glad that I didn't have anything other than a simple bank account there, but if I needed to move my mortgage over to a different bank just because of this, I would do so too. I would even advice people around me to close their bank accounts there, just to make that rubbish bank feel that they can't mess around with their customers. They shouldn't forget that without their customers, they are nothing.

You got that right.

That's very unlikely, considering that there aren't any (known) insanely wealthy entities standing behind this project. People only 'hype' about this chain split because they assume it will be similar to how things went with Bitcoin Cash, but as I said, that's very unlikely. People are just speculating, ahum, gambling their money on a positive outcome, and that's really it.

Not only because of the hype that will be vanishing, but also because this coin is extremely obsolete in the altcoin market. It adds nothing of significance to the table -> it's nothing more than a blatant attempt to obtain millions in profits instantly, where they then move to the next split project. It's not the first, and definitely not the last.

Again, speculation. If the price does happen to fall down because some greedy idiots were buying themselves into Bitcoin, solely for the purpose of obtaining split coins, then so be it. Nothing that you can do about it.

Bitcoin will stop increasing when there is no further increasing demand. Great thing about supply and demand is that these levels jump up and down based on certain economical difficulties, governmental actions, etc. I don't believe there is one price that can be seen as a potential max, because there is no way to know up front how much further Bitcoin will continue to grow. I find it pointless to focus on something our generation might not even witness. Bitcoin has a tremendous amount of future growth potential, growth that we at this point can't even imagine, so focus on a growing Bitcoin, and not at what its potential end price may be. Invest, hold, enjoy life later.