The Bitcoin Thread

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Temujin said:
Sad yes, but 'found him dead by suicide with no note'... conclusion, because of btc, other options, rock music, mtv, video games
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Come on, you're doubting it was because of him losing his 6k or 15k Bitcoins?
 
Sly21C said:
Come on, you're doubting it was because of him losing his 6k or 15k Bitcoins?
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Possibly, but no note, so we'll never know, could have been a break up or just a depression sufferer, anything could have made him do it, yes, including his btc loss... but he lost his btc 3/4years ago, and now killed himself because of it is an assumption:erm:
 
Temujin said:
Possibly, but no note, so we'll never know, could have been a break up or just a depression sufferer, anything could have made him do it, yes, including his btc loss... but he lost his btc 3/4years ago, and now killed himself because of it is an assumption
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Yep, or possibly he lost his phone and killed himself, we'll never know. It could also be because Arsenal lost 3-1 to Manchester United, and killed himself. All speculation as you've said.
 
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manicminer said:
^^or possibly reddit.
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I feel sorry for the guy but he does sound like someone who cant rethink a plan of attack and merely wanted to win big first time around.

I have been involved in bitcoin since early 2011, all BTC combined from initial cpu mining, then gpu mining farm and then exclusively trading since 2011 would amount to far over 50000 btc passing my way. The majority of it were sold off at peanuts in early days around $2 a coin but my biggest actual loss of coins occurred during the mtgox fiasco where I had been daytrading exclusively (at that time only bitstamp really existed and it had nearly no traffic, all traffic were on mtgox so had no options to trade elsewhere)

Mtgox took me for over 5000 BTC , to this day I have not seen anything paid back and I also went into a deep depression for atleast a year however my depression involved constantly thinking of a way around this problem and back into crypto.

Come march 2017, I was over the past with no crypto at all and figured I would use it as a new start. I made a commitment to put everything each month that I earn from my regular job into BTC initially then slowly diversified my portfolio over the weeks into additional altcoins leading up to a diversified portfolio today between 42 coins in various percentage holdings (coincidence that I ended up on 42 coin selections) spread across 5 of the major exchanges for day trading with most of the coins in my own offline wallets that include the percentage of the coins I dont ever intend to sell atleast for the next few years (purely specutalive holding)

All my losses or unrealised gains since my first venture into crypto back in early 2011 made me a much more stable minded person today, not putting all my thoughts at the end of the race and compartmentalize everything day by day.

So long story short, anyone who gets so down on themself for losing out on the start or losing a ton of potential money or seeing the price high today even though they willing sold early, well these kind of people would probably also commit suicide if their girlfriend leave them or many other obstacles of life.
 
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Crazy to kill yourself over bitcoin. It's like killing yourself because your lotto numbers wrong...
 
TelkomUseless said:
Crazy to kill yourself over bitcoin. It's like killing yourself because your lotto numbers wrong...
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Fair analogy, in this case probably more accurate to say you had the winning ticket, but didn't know it until some months after you threw it in the trash.
 
Voicy said:
Fair analogy, in this case probably more accurate to say you had the winning ticket, but didn't know it until some months after you threw it in the trash.
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Ok. You are right, it's more accurate.
 
The_Librarian said:
want to have a shufty at $bitcoin$

which server is the best to keep your bitcoins at?

:p
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If you plan to daytrade or rebalance portfolio every other day, then move coins to multiple exchanges to protect yourself against 1 exchange potentially defrauding clients and thus you lose your whole portfolio in one nest.

If you plan to just buy and hold, decide on exchange that covers the coin(s) you want to buy and hold and if there is multiple exchanges offering the same coinpair then look at the one with the lowest trading fees. After you bought the coins withdraw them to your own wallet and leave the wallet in offline mode. Only resync the wallet up to date at the time you want to sell off the coins.

Lastly if you want a bit more flexible security vs easy to move coins then a hardware wallet is not a bad idea (if it supports the coins you bought) but I dont see this as a neccesity as long as you use a safe opensource software wallet that is kept in offline mode (absolutely no network connectivity). For Buy and Hold the software wallet add much more benefits, at all times you control the private keys from day one, if any fork occur you have no problem claiming extra coins etc. Just make sure you run a well established wallet and keep it when not in use offline.
 
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So i transferred some BTC to Bitfinex using luno - on blockchain.info it shows that it has been transferred into the bitfinex wallet address with over 30 confirmations.
but on bitfinex it shows nothing, what am i not understanding in this process?
 
*SynergyX* said:
So i transferred some BTC to Bitfinex using luno - on blockchain.info it shows that it has been transferred into the bitfinex wallet address with over 30 confirmations.
but on bitfinex it shows nothing, what am i not understanding in this process?
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I hope to dear god you did not stuff up and use a bitcoin cash wallet on bitfinex when you withdrew BTC from luno. Then you are **** out of luck.
 
John Tempus said:
I hope to dear god you did not stuff up and use a bitcoin cash wallet on bitfinex when you withdrew BTC from luno. Then you are **** out of luck.
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nope -- i transfered btc from kraken to bitfinex - and it confirmed in 30mins

i transdfered btc from luno to bitfinex - and 5 hours later - nothing.

but on blockchain.info i can see both transactions on the address i.e the kraken one and the luno one.
so i know the address is correct .
 
John Tempus said:
I hope to dear god you did not stuff up and use a bitcoin cash wallet on bitfinex when you withdrew BTC from luno. Then you are **** out of luck.
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Can you advise us new guys on what that danger is?
For future reference.
 
Gory51 said:
Can you advise us new guys on what that danger is?
For future reference.
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Sending BTC to a BCH wallet would be valid and accepted however you wont get credited on the receiving BCH wallet. In order to fix it, you need to have access to the receiving BTC wallet private keys in order to "extract" the BCH into a BCH wallet.

Its a convoluted mess but avoidable as long as you focus when dealing with BTC and BCH transfers.
 
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