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The best I can do is:
"One of the most recent 2 Lets Talk Bitcoin Podcasts"
Andreas discusses it. Or maybe it was that 2 hour interview he just did with Stephan.
He explicitly states that you should put your coins on paper wallets, and periodically import them, and (i believe he said) move them to new locations/addresses as well.
That would be a nightmare for me, for various reasons.
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I keep hearing Andreas Antonopoulos talking about this, and have seen a few others say it too.
Even if you do storage offline, on paper wallets, they recommend moving the coins every so often.
If that paper wallet never sees the light of day, why would you have to move the coins? Talk about a hassle and a half, trying to import these things, not to mention the stress of something going wrong.
I prefer to just leave things as they are.
Why do people make this suggestion?
-B-
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Yeah I agree, why does anyone stress about any exchanges?
You're supposed to immediately withdraw your coins to a local or offline wallet.
OHHHHHH thats right, you're not a normal person who believes in Bitcoin. You're trying to play the system and make a quick buck. So you *have* to have your coins sitting on the exchange, or you'll miss out on the dips!
Considering its *you guys* making the price of BTC so volatile, and contributing to its bad reputation, and making its success that much more difficult, I ... really dont feel bad for you.
Leave your coins on the exchange, and don't complain if another one loses all your money.
-B-
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Markets not reacting to gox bankruptcy and loss of hundreds of millions of dollars worth of customer money is not just disturbing but confirms my earlier statements about market manipulation.
People here shrug gox bankruptcy like its nothing, but it is very huge and a major dent in bitcoin public confidence. This event has also delayed any major wall street institution from getting involved until there is a major regulated and licensed US exchange running.
In a way I'm glad this is happening as it confirms my position, as I stated before we will see a major dip soon on or before March 16
Most day traders have absolutely zero awareness of the adoption levels, propogation throughout the world right now, infratructure going up, ATM's being installed, etc, etc etc. Most day traders' only awareness is the idiotic number on the market graph, and nonsense headlines from mainstream media sources. This is why most day traders are bewildered that the price stays steady, after the Bankruptcy. Because like most people who are just trying to play the Bitcoin market, they don't have a clue what's going on out there, to prop up this price. A substantial foundation is growing every day. % of the price consisting of speculation is dropping every day. This is why the price hasn't moved. Others know what they're investing in. -B- |
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OP: Absolutely not.
You need to focus on the Bitcoin podcasts. The conferences. The attendance numbers. Set up a bookmark or icon on your phone for Coindesk.com. You will start to see that the idiots in the peanut gallery don't amount to a hill of beans. Adoption is going gangbusters. Propogation is increasing very quickly. Did you see the picture of people standing in line at the new Singapore Bitcoin ATM?
As Holliday said above (sort of) ... let them talk trash and scoff. This is why your investment in Bitcoin will be worth that much more in the future. Bitcoin isn't going anywhere but up. That means the more people mock it, the more rare your investment in it, will be in 5 years. By the time the idiot masses realize what this thing is ... it will be far too expensive for them to make much of a return on investment.
-B-
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The paper that leaked was calling for a "re-branding".
That is part of the process. They hope to leave MtGox behind and create a new system on Gox.com.
Makes no sense? Exactly.
-B-
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so what is currently the best exchange to trade btcs on? I want to get into daytrading, but not sure what do people view as safest/most reliable exchange? I'm thinking of mixing it up on 2-3 exchanges evenly to minimize risks
Bitcoin is a long term investment. I recommend people who want to get into investing in Bitcoin stop using it as a day trading tool. I realize my suggestion will be ignored en masse, but its that nonsense that contributes to the volatility and subsequent LACK OF SUCCESS of bitcoin in the world. Not that any of you day traders give a sh*t ... -B- |
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OP: Couldn't* care less. If he could care less, then he cares.
If you just watch the guys body language in that protest video, its very telling.
He's (no offense to anyone) clearly a Magic the Gathering geek, who really never was that great at social interactions, communicating, or interacting with people in general.
He's probably pretty shy, and maybe even has asbergers. Or something similar.
There may (big may) be an element of sociopath there as well. The complete lack of empathy/sympathy/emotion is extremely, extremely abnormal, but very common for psychopaths and sociopaths.
The way he walks like a robot, has no emotion, bumps into the guy, tries to move around him, all the while not moving his umbrella, making no facial expression, holding his starbucks ....
This may just be how he is.
Along with that would come ridiculous comments about getting fat and repeated mentions of his cat.
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Seeing Coinbase at $490 the other day caused a frantic spastic drooling mad rush to buy.
I got a bunch, and so did several friends in that 30 minute window. Good times.
-B-
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Why do dummies like you think posting isolated scary posts on a discussion forum will make the price drop, so you can buy cheaper?
Stop being a complete idiot.
One one-millionth of the people who own bitcoin will see your thread. And therefore the price wont drop because of it.
-B-
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Right, you could have loaded up when it dropped from 1200 to 900 real fast because everyone was selling on china news. Where would that put you today?
A whole 2 months later? No. The question is, where will that put you in 2 years. I will never cater to the "day trader" mentality of "OHMYGODINEEDTOMAKE$5TODAYAND$50BYFRIDAYORMYWEEKISRUINED". Bitcoin is a long term investment. -B- |
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"Baron Rothschild, an 18th century British nobleman and member of the Rothschild banking family, is credited with saying that "The time to buy is when there's blood in the streets." He should know. Rothschild made a fortune buying in the panic that followed the Battle of Waterloo against Napoleon. But that's not the whole story. The original quote is believed to be "Buy when there's blood in the streets, even if the blood is your own." This is contrarian investing at its heart - the strongly-held belief that the worse things seem in the market, the better the opportunities are for profit. Most people only want winners in their portfolios, but as Warren Buffett warned, "You pay a very high price in the stock market for a cheery consensus." In other words, if everyone agrees with your investment decision, then it's probably not a good one." http://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp |
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Well I guess it's good they still don't realize that the guy screaming for the ban, is correct.
Bitcoin poses a direct threat. But I suppose arrogance gets in the way.
-B-
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I honestly don't know what to say when people say things like:
"Ohh a bunch of idiots had a bunch of imaginary money and lost it all. What a shocker!"
How do you even write a response to that?
-B-
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its worth it. hes on fire in this video.
He's always on fire when it comes to crypto/bitcoin. Because he's intelligent, and he grasps what's at hand here. Smart people know to pay attention when others smarter than themselves, speak. -B- |
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Literally it was like 978 individual idiotic comments from 978 people who are wrong.
It was too overwhelming, replying to that many stupid people, saying the exact same thing.
-B-
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CHRIS!!!!
you gotta stop just posting shit like "I HOPE YOU DIE!!!" and "Go watch a cartoon GEEK! " and .... "Your MOM is bankrupt!!! "
Man write something intelligent LOL ...
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Sort by "newest" at the top. That's where all the myriads of unanswered idiots are.
Im not surprised that half of them are named "MiketheMechanic" and JoethePlumber.
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Im Kevin. And this is fucking exhausting. LOL.
I love how people comment so authoritatively on the US Dollar and the US Govt (because they know about that topic) but then blindly babble about how Bitcoin sucks, with zero comprehension of what Bitcoin is.
Utterly astounding.
-B-
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