First, I am a rookie at understanding this, and I am trying to understand, so please be gentle...

So Coinbase has made a public statement they will not support BCC.
So won't a hardfork, (since one fork will win and one will wither and die,) make all Bitcoin held by that exchange (Coinbase, CB) worthless in the end if BCC "wins"?  What are they thinking?  Do they want to go out of business?

They explain that the hardfork has its security concerns, 51% attack, whatever, fine I get that,  but if BCC becomes the new main fork, CB would have to be betting on some catastrophic failure of BCC in order to justify this position.  That seems a high risk position to me,,, unless this is just posturing for some reason and they do end up supporting BCC at the last minute (assuming they have to act in supporting the new software before they are locked out on Aug 1) 

So am I correct that as for Coinbase present position it is "BTC or die"??

A better plan would be "dollar cost averaging" in buying an affordable amount every month,,, and then HODL.

And don't buy what you can't afford to lose.  That is the general rule of speculative investing.

This is a very relevant point. 

The fed is creating / devaluing fiat at a rate that would be the minimum required for the value of Bitcoin to increase if it is to replace fiat or if it is used as a lifeboat to preserve wealth...

Hyperinflation has historically happened with little warning, or at least without the warning signs being taken seriously, and then happens with lightening speed.  The rush to preserve wealth will also happen very quickly, and perhaps even faster.  We see it already as JP Morgan buys record amounts of silver, another lifeboat for wealth.

The days of the US dollar as the sole reserve currency and petrodollar,,, are over.

If being used as a currency is important, and I am not sure that it is, then we have to get rid of the double taxation involved with using it as a currency.

How on Gods green earth am I suppose to keep track of every transaction and payment I use Bitcoin to pay for and then pay capital gains taxes on the difference between the Bitcoin purchase price I paid for the Bitcoin and "selling" price at the point of me paying some bill with it? (Which is also a different rate depending on how much you make and if you owned that Bitcoin for more than a year)  That is a book keeping nightmare, and technically the IRS (in the US) could come after you for every transaction, even that latte you paid for with Bitcoin at that coffee shop...

Now I doubt the IRS will waste their time for the small amount of capital gains with your single half decaf double shot caramel latte with sprinkles at the coffee shop, but if you do enough transactions such that it totals thousands of dollars in potential tax revenue I wouldn't want to be in that position.  And THAT is why I don't use Bitcoin to pay for anything, which I could (my satellite tv provider Dish offers to let me pay my monthly bill on line in Bitcoin).  

The bottom line is that Bitcoin is not a currency in the US.  It is a commodity.

Until the taxation issue is resolved I only BUY and HODL.

I'm not sure I would "bet", but I sure do wish!

Yes.

I am considering this.  I have ordered a second Trezor.
I would think no problem. 

I think you could even keep the same six digit PIN and password with both since the two Trezors would have different seeds and private numbers.  Unplug one, plug in the other.
I don't know for sure, but I don't see why not, and that way you only have to memorize one password and PIN.

 

I have a stupid question, so please don't abuse me.

Why would a miners NOT signal segwit and do the soft fork?  That seems to be the no brainer.  It is the BU hardfork, with much bigger changes and issues, and potentially losses, that would be questionable participation I would think.

Is it possible there are miners out there asleep at the switch that would inadvertently miss not doing the segwit signal?

Hodl baby!

We're long term here!

https://youtu.be/-0kRLvpDBSY

For being that this was posted on YouTube in Feb 2017, this guy is right on the mark.  $2000 to $4000 by the end of 2017.

We are actually close to his high estimated prediction for the year, and toward the end of the video he shows a table of what could happen several years out...

If his calculations hold, and you own a few Bitcoin,,, we are going to be f&@%ing rich!

I like the way you think!

If you find tha crypto that would replace Bitcoin please let me know.

The rate of increase is accelerating; we are going exponential.

As more and more countries make Bitcoin use easier within their borders, the number of countries doing so will also increase exponentially as nobody will want to be left behind as bitcoin's uses and importance is discovered.

We are at the equivalent of being the at the point in time the first people were offered the opportunity to buy the first shares of Microsoft.

As such, my guess is $11,750.00 on this date next year, assuming no economic crisis accelerates this even more.

$4000.

No real proof why except that acceptance and various and increasingly more countries favorable policy changes are accelerating IMHO.

The results of the last week are so far off the chart in outperformance I think the models are flawed. 

I think there might the factor not included in even the model A that those in power with some fore knowledge of pending events, the really big money in the world, are planning on not being left behind, for example a financial crisis. 

This seems to be growing exponentially even with a correction here and there.

If I had listened to you I wouldn't be Big $ ahead right now.

My question is what your motivation is in spewing the FUD you have over the last few years.

If your motivations are genuine, and I am starting to doubt it, then you are the worst financial adviser there has ever been, and you are an idiot. 
If you really are acting in what you think is our best interest by giving your horrible advice, then please stop, because you aren't.

No guts no glory!

HODLING!!!!

Thank you Fakhoury,
You make my day over and over again, and are proven right in the process.

Please keep it up, and I continue to HODL my few bitcoins!!

I am particularly optimistic about the ETF and the consequences for the price of BTC. 

I think that the $2000 prediction is low.  Once it is approved, IF/WHEN, nobody will want to be left out of the party, and it then may be the point where we reach critical mass.

I think something very big is going to happen.  Unfunded liabilities like SS, Medicaid, Medicare, and the shaky ground that a couple hundred TRILLION of $ of bank derivatives balance on... On the radio just today someone was claiming the EURO was going to collapse within 18 months.  Also several Euro-zone countries are either thinking of exiting, or possibly experiencing a economic collapse.  In addition, dozens of other countries are on the economic edge of collapse.  This could all fall apart quickly, Gold could be confiscated again, in==at which point Bitcoin is not going to the moon, but Mars.

Very bad, but not for those who invest in the financial lifeboat for value. 

Sad, but...

We will laugh as the world burns!

In principle I couldn't agree more, but we are dealing with humans here, and some 'authority' has to determine if, when and who those principles are being applied to. 
It assumes no evil doers. 
What happens when someone unjustly claims self defense? Someone has to enforce the principles, is my point.