So if anyone wasn't aware, Its sort of expensive to trade bitcoin, as well as use it. However, because its a cryptocurrency, non-regulated industries such as this one use a lot of it for a number of reasons.
The powers that be behind bitcoin about to undergo a complete overhaul of its code on the 1st. I've read a few articles that treat it as nothing more than a simple change (linked below) to others that are predicting the entire currency and trillions of dollars will randomly just disappear. Now I have no clue whats going to happen, but I would suggest if you need to use it, do so before tomorrow, an then just hold whats in your wallet there.
This is tough to talk about on a non-technical board without getting drawn into hyperbole or technical details that people don't care about. I think the biggest question people need to ask themselves is that if they're using an online wallet or exchange, whether that service supports "Bitcoin Cash" which will be credited after the hard fork on August 1.
I think increased volatility before and immediately after the hard fork is extremely likely. While there may be short-term volatility, my other suggestion is to not worry about the hyperbole if you only are using Bitcoin (and other cryptocurrency), and not holding on to large sums of it.
This whole mess has been boon for day trading, and even I am keeping my cash as cash for the time being because it's safer. No reason to trust an exchange when I can trust my bank.
To call it the "y2K" bug is off base. Bitcoin has forked before without indecent, and the network is orders of magnitude stronger now than it was then. I think we'll see sub 2400 before the day is over, just from panic sells, but no real loss of value mid-long term. That's an official sauce mad money recommendation.
Also, if you've been holding coin for awhile, know that your coins are good no matter what happens. It's the new coins that are being mined that could be lost, which is probably in the sub $20k range of value.
We need to ask this Gag as he is apparently has tons of them. This is the same blow up girl that sleeps with him. His in continuum board posts reminds me this cryptocurrency which came from nowhere and going down the same direction. Of course, government issued paper going the same way, but someone can buy on it bananas, juice and pussy. His/her paycheck is also not in bitcoins. So, let's forgo all this strange bs and start dealing in dollars, rubles, and francs. Xo
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