First, looking to make a deposit to a new book prior to baseball season. Bought some bitcoin last week through Coinbase, but still takes a week to process through my bank (which is a different story, thought I only had to wait for the first transaction, anyways...) Bought on the 16th, price has dropped ~$150 since then. Did I just lose $150 x "X" bitcoins purchased before even getting them or am I missing a step in here?
Also, Bob Voulgaris, who I consider an intelligent man and blindly trust on most topics, tweets some cryptic Bitcoin references last night:
"This Bitcoin civil war is a total nightmare." Someone asks him to expand and he responds:
"Replay attacks may be possible - a hard fork is going to be a pain."
"PSA you should never hold coins on an exchange - but you should REALLY not hold coins on an exchange right now while a fork is possible."
I get the holding coins on an exchange part...can someone break down the rest to me in layman's terms and let me know how pissed I need to be about losing money before I have it?
Also, Bob Voulgaris, who I consider an intelligent man and blindly trust on most topics, tweets some cryptic Bitcoin references last night:
"This Bitcoin civil war is a total nightmare." Someone asks him to expand and he responds:
"Replay attacks may be possible - a hard fork is going to be a pain."
"PSA you should never hold coins on an exchange - but you should REALLY not hold coins on an exchange right now while a fork is possible."
I get the holding coins on an exchange part...can someone break down the rest to me in layman's terms and let me know how pissed I need to be about losing money before I have it?