Official Bitcoin Thread

[oidreez]

i'm tempted to pull out all my investments and end this crypto run. I would be taking about a $1K loss but getting a few K back. I don't really need the money but it could help with travel plans this summer and I'm kind of losing faith in crypto. What do you think I should do?

1k loss. Must be nice

 

[ssgochin]

yea you put it in better words. I don't need the money but it would cover my whole trip and maybe have a bit left over.

I haven't really thought it fully through but I got in around mid-2017 and saw that huge pop, I just feel like crypto as a whole should be in a better place than it is now. Maybe my expectations are too high since I saw that run that BTC hit $20K+

If you haven't been keeping track there has been plenty of improvements/maturity in this space since the all time high, just go back a handful of pages and DYOR as well. Recovery takes time and we've seen some positive price action within the last month. You have not sold yet, which probably means you have a decent risk tolerance, but if you'd rather use the money for a life experience then that is not a bad reason to sell. You can always get back in when you personally feel more confident in this space.

 

[kickn-since89]

If you haven't been keeping track there has been plenty of improvements/maturity in this space since the all time high, just go back a handful of pages and DYOR as well. Recovery takes time and we've seen some positive price action within the last month. You have not sold yet, which probably means you have a decent risk tolerance, but if you'd rather use the money for a life experience then that is not a bad reason to sell. You can always get back in when you personally feel more confident in this space.

I've been monitoring this thread and seeing some improvement in the market but maybe its the coins I hold that's making me lose faith. XRP, XLM, DRGN

 

[johnnyredstorm]

Alts are dead transfer to eth or btc

 

[SupremeBeing5]

Alts are dead transfer to eth or btc

No

 

[americangenius]

Binance hacked for $40 mil in BTC
https://binance.zendesk.com/hc/en-us/articles/360028031711

Terrible.

 

[geeplus]

Binance hacked for $40 mil in BTC
https://binance.zendesk.com/hc/en-us/articles/360028031711

Terrible.

not bad atleast they covered all funds.

 

[Raji Lowenthal]

Shouldn't the blockchain prevent this since it's not hackable?

 

[tay1]

Who said it's not hackable?

 

[Raji Lowenthal]

Who said it's not hackable?

A couple people in the thread indicated that the value of the blockchain. Dont have time to go back and quote particular people at the moment. (If you were responding to my question, if not disregard my statement )

 

[oidreez]

Shouldn't the blockchain prevent this since it's not hackable?

Blockchain is different from an exchange

 

[Raji Lowenthal]

Blockchain is different from an exchange

Oh, ok. So the blockchain only prevents counterfeit coins? Or what exactly does it do that its not hackable

 

[oidreez]

Oh, ok. So the blockchain only prevents counterfeit coins? Or what exactly does it do that its not hackable

https://www.bitrates.com/guides/blockchain/why-cannot-blockchain-be-hacked

 

[hennessy beach]

Alts are dead transfer to eth or btc

 

[fapmasterjr]

if you bought during binance hack (fud)...you're already up $250+ BTC will move on.

 

[fapmasterjr]

Shouldn't the blockchain prevent this since it's not hackable?

Blockchain = ledger

You can "see/view" the transactions aka the hack.....what hackers will do next is "wash" or use a "mixer" to mix the btc with others in a pool to make them "clean". Sounds familiar?? $$

You can use a wallet like wasabi, that uses btc cojoin to mix ur btc/addresses and get fresh new btc address with no history.

 

[Raji Lowenthal]

Blockchain = ledger

You can "see/view" the transactions aka the hack.....what hackers will do next is "wash" or use a "mixer" to mix the btc with others in a pool to make them "clean". Sounds familiar?? $$

You can use a wallet like wasabi, that uses btc cojoin to mix ur btc/addresses and get fresh new btc address with no history.

Good looks, that was my next question lol.

 

[tkthafm]

BTC 6,000

 

[Brownstone]

Anyone in on xrp?

 

[kickn-since89]

Anyone in on xrp?

I am

 

[jjs]

I have a bag of XRP.

going back to $3 would be nice, but we'll see.

 

[fapmasterjr]

Hello 6k.

 

[toothrowed6007]

What's best site I could use to convert bch to regular Bitcoin? Tried this site called side shift but it said the US was blocked from use

 

[toothrowed6007]

Hello 6k.

What was your initial investment?

 

[sharpshooter718]

What's best site I could use to convert bch to regular Bitcoin? Tried this site called side shift but it said the US was blocked from use

i have a little hot wallet called freewallet. You can convert tons of different cryptos into btc.

freewallet.org