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Showing 7 of 7 results by sonicd0012
Post
Topic
Board Speculation
BTC outcome shortly after August 1st?
by
sonicd0012
on 06/06/2017, 05:07:30 UTC
What is the typical consensus here on the decision and its short term BTC affect on August 1st?

1. Price falls massively
2. Price goes up even higher ?

Thanks
Post
Topic
Board Bitcoin Discussion
Re: Aug 1st and forward effect on current holdings
by
sonicd0012
on 01/06/2017, 01:11:28 UTC
If I were holding a large amount of Bitcoins worth millions of dollars, I would start cashing out right now before it's too late.
Think about it deeply, either split happens and value halves in less than half of the current value or everything will go smooth.
But if split happens then imagine that your coins will be priced 50% less for almost 2-3 years before the market gains the trust and starts growing again.
Are you willing to put millions of dollars on hold for 2-3 years?

Is this really what everyone expects to happen, a 50% drop?
What is the effect on ETH LTC? Same ?
Post
Topic
Board Bitcoin Discussion
Re: What happens in future to your BTC if they are stored on hard wallet ?
by
sonicd0012
on 01/06/2017, 00:00:43 UTC
Any ideas what could happen to your BTC holdings if your storing them on an offline hard wallet and want to sell them 5-10 years later? Would there be code issues where the BTC you have now will not be recognized or cashable at that that time ?

Im curious because I bought a hard wallet but have no idea how usable the BTC version i have today will be in the future?

A private key is forever a private key. Don't worry about "changes in the code" because you will be able to cash out your Bitcoins the same way you can right now just by restoring your wallet with your seed or by importing your priv key.


Hey Try ninja, i sent PM, could u reply ?
thnx
Post
Topic
Board Bitcoin Discussion
Re: What happens in future to your BTC if they are stored on hard wallet ?
by
sonicd0012
on 31/05/2017, 23:45:33 UTC
Hey Try ninja, i sent PM, could u reply ?
thnx
Post
Topic
Board Bitcoin Discussion
What happens in future to your BTC if they are stored on hard wallet ?
by
sonicd0012
on 31/05/2017, 23:36:59 UTC
Any ideas what could happen to your BTC holdings if your storing them on an offline hard wallet and want to sell them 5-10 years later? Would there be code issues where the BTC you have now will not be recognized or cashable at that that time ?

Im curious because I bought a hard wallet but have no idea how usable the BTC version i have today will be in the future?
Post
Topic
Board Bitcoin Discussion
Re: Aug 1st and forward effect on current holdings
by
sonicd0012
on 31/05/2017, 23:19:42 UTC
So regardless if anything, should you store them in a hard wallet?
If yes, and the world changes in terms of blockchains, splits etc isnt there a chance your offline keys can be worthless or problematic to cash or convert in the future since you stored them one way back in the day and now things work differently, code is different etc.

Also if you don't control your key anymore, what does that mean then to me?
What is the best offline hard wallet recommended?
Post
Topic
Board Bitcoin Discussion
Aug 1st and forward effect on current holdings
by
sonicd0012
on 31/05/2017, 23:01:07 UTC
Simple two questions, any advice as to whether to be concerned to either transfer the coins to a hard wallet from Coinbase prior to the Aug 1st or not really needed?
2nd, is this Aug 1st situation going to kill the value of Bitcoin?