Author Topic: Bitcoin Forks  (Read 943 times)

ukgimp

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 1834
    • View Profile
Bitcoin Forks
« on: August 01, 2017, 10:06:09 PM »
https://www.google.co.uk/amp/s/amp.ft.com/content/89d551ee-76ce-11e7-90c0-90a9d1bc9691

Provided you have the keys and are not on an exchange like coinbase you will effectively have coins on both chains.

aaron

  • Inner Core
  • Jr. Member
  • *
  • Posts: 98
    • View Profile
Re: Bitcoin Forks
« Reply #1 on: August 07, 2017, 07:00:55 AM »
Coinbase updated to say they'll support it early next year.

Seems like just about any media exposure of Bitcoin drives more newbies into the field & spikes the prices as the news exposure drives demand & then the price spike drives additional rounds of coverage and newbie investors chase momentum.

ukgimp

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 1834
    • View Profile
Re: Bitcoin Forks
« Reply #2 on: August 07, 2017, 07:54:36 AM »
Also the cashing out and buying of new coins with the "free" money.

Travoli

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 612
    • View Profile
Re: Bitcoin Forks
« Reply #3 on: August 15, 2017, 01:03:49 PM »
Good times in cryptoland! Bitcoin $4079 today.

Mackin USA

  • Inner Core
  • Hero Member
  • *
  • Posts: 2072
  • Affiliate Manager :-)
    • View Profile
Re: Bitcoin Forks
« Reply #4 on: August 15, 2017, 01:52:25 PM »
Please help a newbeeeeeeeeee who wants to buy & hold

Where do I start?

Bitcoin, Ethereum, Ripple or Litecoin.
« Last Edit: August 15, 2017, 02:12:50 PM by Mackin USA »
Mr. Mackin
MikeMackin@affiliatemanager.com

Travoli

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 612
    • View Profile
Re: Bitcoin Forks
« Reply #5 on: August 15, 2017, 02:32:32 PM »
I'd listen to this podcast episode first.

-What is Bitcoin, what are cryptocurrencies, and what problem do they solve?
-What is “social scalability?”
-What is Ethereum and what makes it unique? Strengths and weaknesses?
-How will smart contracts actually get adopted or go mainstream?
-What are ICOs (Initial Coin Offerings)?
-Blockchain governance — is there any existential risk?


https://tim.blog/2017/06/04/nick-szabo/

ukgimp

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 1834
    • View Profile
Re: Bitcoin Forks
« Reply #6 on: August 15, 2017, 03:37:29 PM »
This is just a quick dump of facts, not structured. Happy to help more.

Get FIAT into BTC

Then buy ETH with BTC

Quickest way is coinbase. They now take Credit cards but at quite a high rate.

Might be a good time as dipping.

LTC is a slow slow burner. Now BTC has forked there is no competitive advantage of speed.

NEVER keep your money on an exchange long term. Get your coin offline. Even if just paper wallet. You do not own the keys on and an exchanges, so it they go under or get hacked, or FBI'ed, you be f###ed. Think MtGox

Poloniex or Kraken are good exchanges. So is Bittrex for access to moire unusual coins.

Keep your Keys in multiple locations, eg printed in your house, then printed in a relatives house.

There are multiple hard wallets but you don't have to have them. One I am using is the Nano S

ledgerwallet.com

Trezor is another that is highly regarded.

Practice transactions, eg send 5% to your device to test, then send rest after.

I would probably steer away from ICO (Initial Coin Offerings) as generally you are just investing in a startup. There are come crazy gains though if you want.


Buying XRP (Ripple) From the UK
Signup for Poloniex (https://poloniex.com)
Transfer BTC in https://poloniex.com/balances#BTC scroll for address
https://poloniex.com/exchange#btc_xrp
Scroll down and buy based on how many BTC you have or click

https://www.screencast.com/t/cLhtZMZc

Watch for pumping and dumping, quite volatile, buy after mini crash maybe
On Poloniex, watch for USD price, not strictly true as is is not 1:1
Check Balance after https://poloniex.com/transfers


If you decide here is an aff link for two. Cheeky I know.
ledgerwallet.com/r/cc16
coinbase.com/join/57839799a66a1d53730005a6