You're still good, just move it asap.

Investing in yourself (education, work, job) gives for lower net-worth by far, and I mean by far far far the most ROI. Not even close. Not even crypto.
This requires active search what skills are in demand in your sector beyond your education.

But maybe that education can be in crypto. My general opinion is that people are big pu$$ies, talk a lot, worry a lot and rarely pull the trigger. Can hardly say that about somebody putting in 75% into cryptos lol. You slept well, do something scarier until you don't sleep well.

You might be considered crazy doing it (and maybe you are!), but the more decisions you take where you put something on the line, the more you learn and grow.

Motto: I have to hear what i said so i can know what i thought

Who cares about 5%, 95% or 50%. Meaningless numbers.

You see so many know-it-alls on forums with a big talking game who have actually never built/achieved anything. They haven't even failed at anything. Worst case you at least failed.

First of all, thanks. Regarding this:

My general opinion is that people are big pu$$ies, talk a lot, worry a lot and rarely pull the trigger.

I agree 100% and I knew you think this too, that is why I asked you. Started my own business now also. People think I am crazy but I have to admit it feels like a nice adventure

As Go Get It said, you're still good. Longer reorganizations of blocks COULD happen, so people transacting now should be more careful about waiting quite a few confirmations to be sure that they're transaction is final. But that doesn't matter very much in you're case, since you're just doing a one time move to yourself, and aren't sending some real world asset to someone else, that could potentially double spend the bitcoins that you thought you had already received.

I'm in the same spot as jinjer (will only transfer them once now and won't spend them the next weeks)- is there a 'deadline' so to speak? (Earlier than Aug 1)

lol, just do it now?

GL to those who wait.

I have more bitcoin on poloniex than i can move before Aug.1st due to withdrawl limits. Should i transfer it into other coins in case of a fork just to be safe( and can just buy back BTC after)?

My bits are now off. Thanks.

Quicker and easier than expected.

Had my ledger wallet open and my bits appeared there within a minute of doing the transfer.

Only thing I paused with was the disconnecting of the ledger nano s from the PC. Just rip out the USB cable? No right click and shut down?

never used a ledger but assuming it is like any other usb device you should be fine but it is best if possible to do the safely remove option from the system tray if it shows up as a removable drive/media

Yeah it's kinda weird but it's the only way I've found to shut it down. No biggie. Rock solid tech IMHO...

A friend of mine has a significant amount of coins in a tumbler. Can he send those to a hard wallet (re: blockchain.info) during the fork? Or does he need to remove the money from the chain entirely via coinbase etc?

Daily limits...

Im in teh same boat but using bitfinex. Imo its just teh usuall trade off risk vs reward...
For 10-20%/year im definitely more than happy to expose myself to more risk.

Only real risk i see is a big hack...

Could someone tell a total newb what do do with his BTC?

I have about 2.5k USD in bitcoin held on blockchain.info that i got from withdrawing from an online gambling site. Should i put it back into my bank account or online gambling account? I'm confused by this hard fork thing with BCC. If this hard fork happens on August 1st, does that mean i'll have some of my BTC converted to BCC? Or will blockchain.info not do that for me?

I don't mind leaving the money in the account to speculate a little bit but i'm confused by what this August 1st hard fork actually means.

You need to check for yourself, but I *think* blockchain.info is fine. You really do need to check for yourself though, and learn what is going on.

Hopefully you are familiar with the sci-fi thing of "parallel universes". For each decision point in your life, another you in a parallel universe chose the other path and life played out differently (or not). Right?

None of your BTC are lost, or converted.

Let's say you hold 1 BTC, and it's worth $2.5k USD today.

At the moment of the split, a "parallel universe" is created in Bitcoin. What was one blockchain becomes two, their prior history identical but going forward they will make different decisions and their paths diverge. IF you hold the private key to your address, since the new blockchain is a direct copy of the old one before Aug 1st, you now have 1 coin on each chain. That will be 1 BTC, and 1 BCC. Nothing was converted. Because the new chain is a perfect copy, the same private key can spend an address on both chains.

Now what will happen is anyone's guess, but it's certain the price of BTC will not remain exactly $2500 and BCC $0. It could be an even split, prices could swing all over the place, both could rocket to the moon or both could tank hard. BCC could end up worth nothing and this was all a load of pointless fuss.

If you're a BTC true believer, you'll prob sell your BCC asap and buy more BTC with it. The opposite in the opposite case. Yay free money, with any luck.

There may be a s***show where it is unclear which coins on which chain you are spending.

That is all IF you have control of the address the coins are in - that is IF you have the private key.

If your coins are off-chain, let's say in Coinbase - you do not have a private key. Coinbase has mountains of BTC in their master accounts, you have 1 BTC only as a record in their database. Coinbase will get the BCC, not you. If BCC captures the majority of the market, it may be worth $2,400 while the old BTC are now only $100. This is the danger, and why if you're holding BTC over the period of the split, you really must be in control of your private keys if you have any sense - otherwise you're relying on the promises of others "oh yeah we'll give you them later, sure'. Coinbase has announced they will not be supporting the new chain, so even though they will have the coins they won't be linked to you and you won't be getting them out.

I swear to god I've read more about bcc in this thread than all of Reddit and my chat groups combined over last week.

This sounds like the most likely scenario and thus the BCC price will quickly tank to ~10% of BTC within 48 hours, and ~1-3% of BTC within a week. BTC's price will likely go up over 3k with the demand to convert BCC to BTC.

Ignore BCC. The potential split that actually matters is if the miners decide to abandon BIP91 and start producing blocks that don't signal BIP141. That would create a chain split because of BIP148 enforcing nodes ignoring any chain that include such blocks.
It probably won't happen, but if it does there will be actual money willing to commit long term to the different chains.

That's what I thought on the Ethereum split. I was right in terms of ETH growing stronger, I was totally wrong about ETC going nowhere.

The fact Bitcoin works for so long is in itself a bit absurd, but we have gotten used to it. As absurd as BCC might sound, I'd not dismiss it right away, likely there are tons of traders who will outplay you.

Generally speaking, as a complete noob, do yourself a favor and LEARN more. Don't be lazy, BTC is not as safe as banking or email where you can simply lose your password and everything is fine. Laziness gets punished.

Having that said, your best action is to put your money on a big exchange that you trust (make sure you have "clean" non-gambling coins). I know everybody says to not trust exchanges, but for a noob who hasn't learned much yet, it's by far the most sensible choice.

http://www.cftc.gov/PressRoom/PressReleases/pr7592-17

https://www.bloomberg.com/news/artic...-cftc-approval

Seems like huge news.

Not as good as an ETF but still rly good.

Could someone please confirm for me that BTC on electrum will be fine in the event of a fork on August 1?

yes.

you will have bitcoin on both chains if it occurs.

you may not be able to safely split the coins for a few weeks in electrum.

Guessing insiders took action on this a couple/few days ago when BTC ripped harder then I've seen it rip in a long time out of no where. Does anyone know what these derivatives would actually do? I've never understood them much, but in general I believe they are kind of scammy. Maybe BTC will be more legit because things are easily audited.

My initial impression is that they said they approved fully backed trades. So essentially someone with 1000BTC, who wants to hedge, instead of sell, can sell to someone via a contract, and still hold on to their btc?

That sounds decent and all, but I have a feeling how this game is going to end, with a hack. Honestly, bitcoin doesn't need derivatives or a ****ing ETF. Don't get me wrong, I'd love an ETF just for price appreciation, but all they do is help speculators speculate, and they don't use it for one bit of it's technological use. People that buy bitcoin should be storing it themselves or using it. Otherwise stay the **** out of the game.


Also how big is this news. It seems like it could actually be pretty damn big and the market hasn't reacted all that much. Wondering if there is some cash to be made by upping my position.