Learning English is not necessary to be intelligent and most Chinese people learn to speak very good English in schools anyway.  This is extremely offensive and arrogant of you to assume that Chinese people are below you, seemingly out of spite because they own some growing monopolies in Bitcoin mining (good for them, while I don't think it's good for Bitcoin it's not like white people never gain profit from growing investments).  I think that your point would be made a lot better without racism. 

I don't think it's the end for BU because a lot of miners are monopolies in China (especially Bitmain) which for whatever reason are pretty desperate for BU to go through.  This results in a rise in more hashing power going to BU because then miners feel that they need to go with the majority of hashing power to find a scaling solution as quickly as possible.

However, it might be the end for BUcoin as a currency.  Being listed as an altcoin on exchanges and not being used for withdrawals will hurt its price significantly and a lot of the biggest money will still go towards Bitcoin Core Bitcoins, especially from those who are used to the older Bitcoin or that expect that coin to do better.  Unfortunately since nearly no one actually runs a full node, it's pretty hard for users to have a lot of say in what happens, but what this does mean is that BU is likely to fail even if the hard fork happens.

This is perfect.  People need to take a different view of wallets because Bitcoin is genuinely a currency than can have everyday use rather than just being viewed as an asset to hold forever.

My advice for people's use of wallets is similar to my advice for their money storage in real life:

-If you're only interested in trading, hold a hardware wallet for storage at home and send smaller amounts to the exchange for use in everyday trading.  If you have smaller amounts, holding it in a lightweight desktop wallet would be fine as long as you're very careful about what sites you access.

-If you're interested in Bitcoin as an investment in itself and want to hold it for a long time, hold it in a dedicated hardware wallet, paper wallet or computer wallet and don't mess around with it ever, especially if you're holding large amounts.

-If you're interested in Bitcoin as a currency and want to hold large amounts, keep some of it in a cold or hardware wallet and leave some in a web wallet for convenient everyday use.  If you're holding small amounts, keeping it all in a web wallet is fine as long as it's quite secure and free like Blockchain.

There are so many uses that Bitcoin has and people always need to find different combinations for their individual situations.  I'm most interested in Bitcoin as a currency and for now only hold small amounts of it, which is why I keep it in my online wallet.

I'm not sure how this is possible if you had 2fa enabled as the attacker would need to have access to your phone as well as your password.

It could be that you signed up to a fake trading site (the name is not mentioned) and that they then scammed you out of your Bitcoin, or that you accidentally signed up on a fake version of the trading site which you were trying to use with a very slightly different title, in which case they could have taken a deposit and took it to an external wallet, leading you to believe that you had been hacked.

It could even be that your click on a phishing link was on your phone, meaning that they infected your phone with a virus that was capable of finding your 2fa code as well as your password when you sign in to the website, but that seems incredibly unlikely and difficult to happen so I get the feeling that you made a mistake and sent your Bitcoin to the wrong site.

Still, you need to be more than "careful not to view any link that will steal my btc".  You need to be very vigilant and think about each link individually with virus and url checks etc.  You also need to have a system for spotting phishing links and a set of criteria for what a legitimate site is like and what information it provides.

I don't think that this is the key message of the article.  The ideal thing to invest in may change and Bitcoin will just be a great currency, but the article is more focused around any long term investments you may choose to make, with its focus mainly being on keeping safe by never being naive enough to think you can just instantly become successful in this, and I think that many people responding to this post are being the naive people that he considers in the article - people who think they can tell you exactly how high Bitcoin is going to go when they can't say what it'll be tomorrow.

Nothing is 100% stable and people need to be careful.

Nearly all of these accounts probably are hacked, but one of the key problems is that the forum is very hands-off so they're faced with the dilemma of finding out how to prove that these accounts are hacked without intruding on people's privacy.  It must be pretty difficult.

I suppose the main problem is the security breach from a while ago, which people are now exploiting because these dormant users never managed to change their passwords as they haven't been on this forum for a long time.

I really, really wouldn't recommend buying DASH now, but if you want to do it, this isn't the best way.

You should go to an altcoin exchange, the biggest of which is Poloniex.  Buying from people will only get you scammed, unless you're a scammer yourself, in which case you won't have a lot of luck here.

I think that the main reason people make decisions too much based on their emotions is because they put too much money into exchanges.

If you take a big risk and you're not experienced enough to use your brain, it's inevitable that you'll sell at a pretty low point.

The key rule that needs to be followed to manage people's emotions is don't invest more than you can afford to lose.  That way, if you take a risky investment like cryptocurrency you can look at it from a neutral and logical perspective rather than your fear of losing the money you put in.  If you can't handle the heat or you're not experienced enough to do it, you shouldn't invest any significant amounts into cryptocurrency at all.

But you don't know when DASH will reach its peak or when Bitcoin will reach its bottom.  I would even argue that DASH has already reached its peak of around $100 and is not being pumped so much anymore.  I think that the pumpers who have made it this high are trying to simulate a real rise by holding it up long enough for it to actually receive market adoption, but it's very unlikely to happen.

Bitcoin won't be on its way down for a long time, so why panic sell when it's at a comparatively low point?  The best place to sell Bitcoin was a couple of weeks ago and if I had owned more Bitcoin I would have done that anyway.

Regardless, people are talking about DASH as if it's on its way to Bitcoin but its market cap is many, many times lower than that of Bitcoin.  A huge amount of the problem is just that its supply is less than half that of Bitcoin which creates the illusion that its price is high when its actual market cap is still very low.

Ethereum is doing a LOT better than DASH and it will still never reach the same levels that Bitcoin is already at.

This isn't exactly easy for most people to do.  The article claims that it's easy and that's it's as simple as downloading the most recent version of Bitcoin Core, but as the article later points out it requires over 100gb of your disk space to be dedicated to it (an amount which most people aren't willing to designate to one thing for slight benefits over a specific provider).  It also mentions that for practical purposes you need to keep your decent computer running pretty much 24/7, which is also impractical and people would need to take some serious backups of their expensive hard drive etc. 

To be fair, there are legitimate reasons for a lot of this negativity about Bitcoin right now.  The threat of a hard fork will likely make the actual value of Bitcoin significantly lower than it was before, even if exchanges generally regard BU to be an altcoin and reject its use to withdraw from exchanges.

Unfortunately one of the main causes of Bitcoin price manipulation, though, is that it's not popular enough already.  The market cap is under 20 billion dollars, and why that may sound like a lot, it's absolutely nothing compared to huge fiat currencies - there are several trillion US dollars in circulation, for example, and no one, not even groups, own enough money to manipulate it, especially when it's used by nearly everyone in America for transactions every day.

I'm not an advocate of the US government or anything, and I don't believe that their motives are legitimate or that their beliefs about Bitcoin are correct, but I don't think that this was their main reason for rejecting the Bitcoin ETF.

The reason that I think that is because if investors were putting money into Bitcoin and there was generally big money in Bitcoin, it would not be viewed as a serious currency and it would not necessarily result in Bitcoin being seen as a legitimate competitor to fiat currency but seen more as an investment and stable asset, like gold.

Generally I do believe that their main reasons for rejecting the ETF were the reasons that they mentioned.  These were their concerns about the use of Bitcoin with crime and how easy it is to commit fraud and they are (not necessarily rightfully) concerned about the safety of their investors.  To be fair, they are partially right as Bitcoin's pseudonymity and online security make it scammers' top choice for nearly anything, especially when there are naive newcomers who believe that they can suddenly get rich from Bitcoin.

It's strange to view any similarities in the code as theft of it.  Bitcoin code is open source, and there's always going to be amendments made based on what the new developers feel is needed at the time.  What people could argue is that BU's code is poorly developed, along with reasonable justifications why.

I agree.  Many people here care far too much about BU.  I think it's the desperation for a solution which is causing this fairly extreme optimism about BU's prospects.  It might well be that Bitcoin does end up succeeding though, if miners get a bit more scared about what would happen if a solution was not found (the reason they would turn to BU is because BU is currently leading significantly over SegWit due to some Chinese monopolies).

Unfortunately, new people and people who have put a bit too much in and are scared often just can't take the heat when there's a very slight dump and that often makes the dump a bit more significant.  It's a shame but this is often the case.

I think that the closest thing to a solution is for people on this forum to decrease the amount of FUD about Bitcoin and the rise of altcoins, and say more about different kinds of news rather than just whatever the specific hype is at the time.  Unfortunately, that seems fairly unlikely to happen, so I just hope that most people are clever enough to hold and even buy at this low.

Frankly, $50 isn't enough for any legitimate investment if you expect to do it without any work.  This seems to stem from the belief that Bitcoin is some kind of magic investment where you can just earn loads of money without trying.  This will never happen.  If the OP wants to invest in a trusted casino bankroll with his/her small amount of Bitcoin then that's still a good idea, it's just that the actual returns will be very low and he/she will need a stable source of income to put more into the bankroll over time for future returns.

No, it's a terrible time to invest in altcoins.

Altcoins are in the midst of a huge pump right now, and this is something that's going to end as soon as the FUD about Bitcoin ends and people start thinking more realistically about its prospects.

Coins like DASH will be out the door for any conventional purposes soon enough, not to mention that its high price is just an illusion caused by the low supply and instamine.

Coinbase is bad for people who believe in Bitcoin rather than a weak speculative investment.  It halts people's accounts for gambling and if it disagrees with anything you do with its wallet it can halt your account.  This is not the spirit you need from a decent Bitcoin wallet, never mind one of the biggest.  Not to mention that buying Bitcoin with it is very annoying and they can require some draconian ID verification.

Well it's partially about that, but it's also because Bitcoin cannot be regulated.  Because of its free and open nature, no government is going to be introducing new Bitcoin into the market and the amount of Bitcoin which is introduced is completely static.

True.  If you're concerned about your anonymity or security, you could always connect to a normal network and then go to a public wifi network while using your VPN.  This way, if anyone gets past your VPN and finds your real IP it'll still be in a public place and no one will find out where you live or be able to track you down.

However, as far as I know this is just post restrictions on new members - people with a very small amount of activity can only post once every 6 minutes.