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The Bitcoin (BTC) thread
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rpg Offline
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Post: #7976
RE: The Bitcoin (BTC) thread
(05-18-2019 07:22 PM)redbeard Wrote:  
(05-18-2019 05:53 PM)rpg Wrote:  So why are facebook and Amazon creating their own cryptocurrency?

The same reason anyone prints their own money - to get rich!

There are so many shit coins out there already it boggles the mind.
05-18-2019 11:04 PM
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JayJuanGee Offline
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Post: #7977
RE: The Bitcoin (BTC) thread
(05-18-2019 11:04 PM)rpg Wrote:  
(05-18-2019 07:22 PM)redbeard Wrote:  
(05-18-2019 05:53 PM)rpg Wrote:  So why are facebook and Amazon creating their own cryptocurrency?

The same reason anyone prints their own money - to get rich!

There are so many shit coins out there already it boggles the mind.

Doesn't matter how many other shit coins are out there for well-established entities to attempt to profit from such a move, based on their name recognition. On the other hand, a BIG name might have more to lose, too, if they get into something that is over their head and they end up screwing it up while creating a lot of possible liability.

Bitcoin will still remain a people's coin, and it would be very difficult for any company to want to develop something that is even close to as decentralized as bitcoin.. they have no incentive to create something in which they don't have any control over it, and bitcoin is already fulfilling such niche quite well.

I wonder if companies such as microsoft, might do better to be attempting to build on bitcoin rather than creating a whole new coin? Time will tell regarding how systems develop and if networking effects are diluted away from bitcoin in any kind of meaningful way, I suppose.
05-18-2019 11:35 PM
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Pinocchio Offline
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Post: #7978
RE: The Bitcoin (BTC) thread
Bulls are really strong at the moment. That 'flash crash' has got instantly bought up.
(This post was last modified: 05-19-2019 06:02 AM by Pinocchio.)
05-19-2019 05:59 AM
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Redcrus Offline
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Post: #7979
RE: The Bitcoin (BTC) thread
Are you people mostly hodlers or day traders and safely takes profits during each bullrun?

I don't really go with the belief that BTC will reach astromonical highs so just sit tight and wait. Like all markets it just follows cycles so makes sense to reap the benefits of your gains.
05-19-2019 07:02 AM
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JayJuanGee Offline
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Post: #7980
RE: The Bitcoin (BTC) thread
(05-19-2019 07:02 AM)Redcrus Wrote:  Are you people mostly hodlers or day traders and safely takes profits during each bullrun?

I don't really go with the belief that BTC will reach astromonical highs so just sit tight and wait. Like all markets it just follows cycles so makes sense to reap the benefits of your gains.

I doubt that you are correct that bitcoin is like any other market, especially if you assume that the bitcoin market is mature (when it is not mature and remains in early stages of adoption), but other than that, bitcoin is surely going to be volatile like any other market, likely more extreme volatility than other markets and likely an ultimate upwards trajectory.

Of course, with any market there are no guarantees, yet I believe that volatility is pretty damned close to being guaranted, and in that regard it remains a good practice for any guy who choses to invest in bitcoin (short term or long term) to prepare himself for either price direction... and of course, if guys are investing in bitcoin for the long term than there would be a presumption of an upwards price trajectory... so historically, in bitcoin, there has been some value in practices that merely involve accumulating and holding bitcoin rather than attempting to time precise points in which to sell (or take profits as you say)... but surely does not hurt to have some plans regarding profit taking - and incrementalism can work in the profit taking regards, too..
05-19-2019 08:44 AM
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bgbusiness Away
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Post: #7981
RE: The Bitcoin (BTC) thread
My strategy right now: Have enough capital/fund in my checking account. When market dips, inject my money into the bitcoin/ethereum or whatever I am investing at the moment.

Buying the dip for next 2 years.

"Don't let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner."
- Heat

"That's the difference between you and me. You wanna lose small, I wanna win big."
05-19-2019 11:31 PM
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Jaydublin Offline
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Post: #7982
RE: The Bitcoin (BTC) thread
^^ that was my plan in February when I started buying. Near the very bottom. Now look at us. Of course it could have gone down more too but we never know. If you are in for the long run consider getting a comfortable position for yourself then start the DCA. If this thing runs it may never look back and you will FOMO in at 25k...on the other side, if it is at 4K in July then you can just average down.
05-20-2019 07:18 AM
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JayJuanGee Offline
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Post: #7983
RE: The Bitcoin (BTC) thread
(05-19-2019 11:31 PM)bgbusiness Wrote:  My strategy right now: Have enough capital/fund in my checking account. When market dips, inject my money into the bitcoin/ethereum or whatever I am investing at the moment.

Buying the dip for next 2 years.

Definitely one aspect of my BTC investment plan has always been to keep some fiat in reserves to buy on dip, so in that regard, one of my philosophies has been to never run out of fiat in order to buy more if the BTC price dips more, so if the BTC price is dipping a lot and going lower than expectations (sometimes happens in bitcoin), then that money can begin to become a bit stretched.

So I have always considered my plan to be a bit of a three pronged strategy, that includes the dollar cost averaging approach and making sure that my stake is high enough approach that goes along with the buying on dips approach.

Also, during early getting a stake phase planning out your cashflow for 6 months or more (2 years for yourself, perhaps, bgbusiness) does not tend to be a bad idea. Let's say for example that you have $6k now that you are willing to invest into bitcoin, and you have an anticipated cashflow over the next 2 years that will provide you between $6k and $12k of extra income that you will be willing to put into bitcoin. You should be able to divide the for sure amounts and the anticipated amounts in order to spread out the investment on a weekly allowance basis, and also put the money in categories. You can also front load to some extent if you want or change the intervals in order to hopefully avoid you from getting too emotional later (like Jaydublin mentioned), and yeah, if you have more investments, such as including Ethereum, like you seem inclined to do (which seems largely unnecessary from my personal perspective), or your investment time intervals are more spread apart, then your BTC investment allowance per week is going to seem smaller.. even if the total amounts can decently add up with the passage of time.

Personally, such a strategy does seem like it could work a lot better if the BTC price is going down in the next two years, but my anticipation is that overall the BTC price will be going up in the next couple of years, yet if you have limitations that are based on cashflow anticipations, it does seem to be more prudent to work within those kinds of parameters rather than putting your money at too much of a risk (such as borrowing money in order to invest in something like bitcoin, which is already a risky investment). Of course, there are no guarantees with price direction.
05-20-2019 10:34 AM
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JayJuanGee Offline
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Post: #7984
RE: The Bitcoin (BTC) thread
Here's a nice article link below that points out upwards BTC price pressures coming from places like Argentina and Sudan.

Go figure.

https://www.ccn.com/bitcoin-price-rocket...pling-fiat
05-20-2019 11:10 AM
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rpg Offline
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Post: #7985
RE: The Bitcoin (BTC) thread
(05-20-2019 11:10 AM)JayJuanGee Wrote:  Here's a nice article link below that points out upwards BTC price pressures coming from places like Argentina and Sudan.

Go figure.

https://www.ccn.com/bitcoin-price-rocket...pling-fiat

It is great to see Bitcoin doing the job it was designed to do.
05-20-2019 04:00 PM
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JayJuanGee Offline
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Post: #7986
RE: The Bitcoin (BTC) thread
(05-20-2019 04:00 PM)rpg Wrote:  
(05-20-2019 11:10 AM)JayJuanGee Wrote:  Here's a nice article link below that points out upwards BTC price pressures coming from places like Argentina and Sudan.

Go figure.

https://www.ccn.com/bitcoin-price-rocket...pling-fiat

It is great to see Bitcoin doing the job it was designed to do.

Exactly!!!

Many bitcoin nay-sayers continuously assert (like a broken record) that bitcoin does not have any use cases, beyond pure speculation.

Funny thing is that there are NO absolutes, and there is some truth to any propaganda, including the fact that speculation is part of bitcoin - while at the same time, bitcoin is providing actual options for a variety of people around the world, in terms of their own currencies.

Also, I frequently presume that a lot more RVF guys should be both interested in bitcoin, and actually getting some stake in bitcoin in order to have more possible options and access to value while traveling (and with a lot less third party risk, and privacy protections, too)... another seemingly clear use case for bitcoin.
05-20-2019 04:08 PM
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ScrapperTL Offline
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Post: #7987
RE: The Bitcoin (BTC) thread
The whole crypto space is about to change, frens.

https://coingeek.com/bitcoin-creator-cra...-and-code/
05-21-2019 09:20 AM
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JayJuanGee Offline
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Post: #7988
RE: The Bitcoin (BTC) thread
(05-21-2019 09:20 AM)ScrapperTL Wrote:  The whole crypto space is about to change, frens.

https://coingeek.com/bitcoin-creator-cra...-and-code/

You believe that bitcoin gives any fucks about some fraudster and some government declaration?

Sure, if real, there could be some short term affect on price, but in reality, something like this would merely be a test of bitcoin's censorship resistance, and my tentative conclusion, on the first news of this (again, if real), would be that bitcoin gives few if little fucks about some fraudster or some government declaration attempting to back a fraudster's story.
05-21-2019 09:39 AM
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zoom Offline
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Post: #7989
RE: The Bitcoin (BTC) thread
(05-21-2019 09:20 AM)ScrapperTL Wrote:  The whole crypto space is about to change, frens.

https://coingeek.com/bitcoin-creator-cra...-and-code/

That guy is still a fraud and I don't think this news is going to change anything. Cryptocurrency was never intended to be about patents, lawsuits, and copyrights.
05-21-2019 10:02 AM
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Pinocchio Offline
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Post: #7990
RE: The Bitcoin (BTC) thread
(05-21-2019 09:20 AM)ScrapperTL Wrote:  The whole crypto space is about to change, frens.

https://coingeek.com/bitcoin-creator-cra...-and-code/

Is that why BCHSV shot up 100% today?
05-21-2019 12:09 PM
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JayJuanGee Offline
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Post: #7991
RE: The Bitcoin (BTC) thread
(05-21-2019 12:09 PM)Pinocchio Wrote:  
(05-21-2019 09:20 AM)ScrapperTL Wrote:  The whole crypto space is about to change, frens.

https://coingeek.com/bitcoin-creator-cra...-and-code/

Is that why BCHSV shot up 100% today?

Probably. I think that with any of the very low capitalization coins, such as Bcash SV, they can more easily take advantage of almost any news to pump or dump thereby have a kind of magnifying effect on their price - likely just temporary.. but sometimes pumps or dumps can become contagious and create a kind of snowballing effect (even if there is hardly no there, there).

The bcash SV pump from a few hours ago caused me to a bit of preliminary (or superficial) investigation regarding where it might be traded, and largely it is traded in a bunch of rinky-dink locations, but any exchange could add bcash SV or any other coin if they conclude that they can make money off of trading the thing.

I had noticed that bcash SV is traded on bitfinex, so there are decent abilities to short bcash SV on that platform; however, it is not traded on Bitmex, and from my understanding, the shorting tools on Bitmex can really cause some downwards price pressures on coins that might have more questionable fundamentals. So, it can be interesting as some coin, such as bcash SV might get more attention, there might develop increasing abilities to bet on it in either price direction (not just UP).

Even though personally I am not going to invest in a variety of coins that I consider to be shit, such as Bcash SV, I am also NOT going to write them off as either not being pumpable or that their pump might not be sustainable way beyond any reasonable expectations.

Whether RVF guys can get rich by involving themselves in such shit projects might be another question of both timing and abilities to get both in and out... sometimes, guys are going to be able to get into some coin that seems profitable on paper but then they end up having difficulties getting out (at least at a time of their own preference in order to be able to lock in the profits before they disappear).
05-21-2019 12:48 PM
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JayJuanGee Offline
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Post: #7992
RE: The Bitcoin (BTC) thread
(05-21-2019 09:39 AM)JayJuanGee Wrote:  
(05-21-2019 09:20 AM)ScrapperTL Wrote:  The whole crypto space is about to change, frens.

https://coingeek.com/bitcoin-creator-cra...-and-code/

You believe that bitcoin gives any fucks about some fraudster and some government declaration?

Sure, if real, there could be some short term affect on price, but in reality, something like this would merely be a test of bitcoin's censorship resistance, and my tentative conclusion, on the first news of this (again, if real), would be that bitcoin gives few if little fucks about some fraudster or some government declaration attempting to back a fraudster's story.

Here's some additional explanation regarding the truly lack of substantive teeth that comes from the CSW filing of the BTC whitepaper Copyright.... even if it had been granted.

https://davidgerard.co.uk/blockchain/201...his-means/

>>>>>>>>
"What can Wright do with this?

Not a lot, really.

Registration is considered prima facie evidence of the claims in the registration — if the registration occurs within five years of first publication. That’s not the case here.

Wright might have some problems suing for copyright violation — for instance, if he wanted to sue those “protocol developer groups” he claims “bastardized” Bitcoin. The software was licensed under the open-source MIT License, which allows all manner of reuse, open or proprietary. The license text is:

Copyright © 2009 Satoshi Nakamoto
Distributed under the MIT/X11 software license, see the accompanying
file license.txt or http://www.opensource.org/licenses/mit-license.php.

The license granted is:

Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the “Software”), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions:

The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.

That is — the MIT License is explicitly a grant of rights to do whatever the hell you like with the software, as long as you include the notice text.

Open source licenses are generally treated as perpetual and irrevocable. There is also estoppel — you can’t release software, encourage its reuse, wait ten years and then sue people for using it under the license you released it under.

So it’s entirely unclear what Wright or nChain get out of this registration. Apart from unimpressed press coverage."
<<<<<<<<<<

It seems to me that, at best, the Copyright registration gets the bcash sv team an opportunity to pump and dump their bcash crap while engaging in bitcoin bashing / nonsense FUD spreading that could resonate with some more gullible folks, perhaps?
05-21-2019 02:34 PM
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JayJuanGee Offline
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Post: #7993
RE: The Bitcoin (BTC) thread
It can be reasonably asserted that Bitcoin's security comes through miner incentives to mine on the bitcoin chain.

If we look across various "bitcoin" forks (or at least compare bitcoin with the two bcash(es) and bgold), there are hardly any fees that are earned on any of the forks as compared with bitcoin, so it seems quite unlikely that the generated fees are going to incentivize an attraction of miners with financial incentives (rather than ideological incentives that end up losing the miners opportunity cost money), even in the short term.

https://twitter.com/longhashdata/status/...0884930561

>>>>>>>>
"Today's earned fees across Bitcoin forks...

Bitcoin: $1.8M of fees earned by miners
Bitcoin Cash: $461 of fees earned by miners
Bitcoin SV: $16 of fees earned by miners
Bitcoin Gold: $2 of fees earned by miners"
<<<<<<<<
05-21-2019 08:57 PM
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JayJuanGee Offline
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Post: #7994
RE: The Bitcoin (BTC) thread
Bitcoin related trading seems to be growing from a lot of angles, and surely continuing to put upwards price pressures on bitcoin.

https://diar.co/volume-3-issue-15/#2
05-22-2019 09:50 AM
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gework Offline
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Post: #7995
RE: The Bitcoin (BTC) thread
Does anyone know if there are any reputable Bitcoin/crypto-based or deposit stock brokers?

My brokerage facility is being shut down, which means I'm close to trapped in cash and I'm looking to place some shorts soon.

I know there is one called 1Broker, but seems it's gone quiet.

***

Since this thread is where the crypto action is now. Does anyone have any tips for coins they think can do a 10X+ in the future? I moved into BTT (Bit Torrent Token), which has doubled recently. It seems like a good one to push into the top 20 and could quite easily generate a real economy. If you consider BAT. The BAT economy is maybe $100,000 / month tops and it's close to $500M. There's a bunch of coins above them, which have no economy. A real economy and a high-level team are two of the things I most like to see.

Here's my list - sorted roughly into groups of preference in terms of perceived safety and perceived parabolic potential

Tier 1:

ETH
BAT
BTT
Steem
Decentraland

Tier 2:

Presearch
SkyCoin
MYST
EOS
Sia
Enjin
KuCoin
TRON
Ripple
IOTA

Tier 3:

KNC
Storj
Civic
Propy
CPAY
Status
LBC
DigixDAO
Crypto.com
SAN
Aragon

Tier 4:

Salt
Mainframe
QASH
Singularity
district0x
Nectar
Substratum
Paragon
DeepOnion
PepeCash/Memetic
OMG
Maker
Request

My favourite tip to make big games on is Decentraland. It's going to be something like Minecraft and some of the plots in the world have already sold for in excess of $250K. The interest in it is very steady. It has a good team and it's not bounced much this year.
05-22-2019 03:56 PM
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longshots Offline
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Post: #7996
RE: The Bitcoin (BTC) thread
(05-22-2019 03:56 PM)gework Wrote:  Does anyone know if there are any reputable Bitcoin/crypto-based or deposit stock brokers?

My brokerage facility is being shut down, which means I'm close to trapped in cash and I'm looking to place some shorts soon.

I know there is one called 1Broker, but seems it's gone quiet.

***

Since this thread is where the crypto action is now. Does anyone have any tips for coins they think can do a 10X+ in the future? I moved into BTT (Bit Torrent Token), which has doubled recently. It seems like a good one to push into the top 20 and could quite easily generate a real economy. If you consider BAT. The BAT economy is maybe $100,000 / month tops and it's close to $500M. There's a bunch of coins above them, which have no economy. A real economy and a high-level team are two of the things I most like to see.

Here's my list - sorted roughly into groups of preference in terms of perceived safety and perceived parabolic potential

Tier 1:

ETH
BAT
BTT
Steem
Decentraland

Tier 2:

Presearch
SkyCoin
MYST
EOS
Sia
Enjin
KuCoin
TRON
Ripple
IOTA

Tier 3:

KNC
Storj
Civic
Propy
CPAY
Status
LBC
DigixDAO
Crypto.com
SAN
Aragon

Tier 4:

Salt
Mainframe
QASH
Singularity
district0x
Nectar
Substratum
Paragon
DeepOnion
PepeCash/Memetic
OMG
Maker
Request

My favourite tip to make big games on is Decentraland. It's going to be something like Minecraft and some of the plots in the world have already sold for in excess of $250K. The interest in it is very steady. It has a good team and it's not bounced much this year.

Your list includes some coins that have already executed exit scams Smile) Substratum, Salt...
05-22-2019 04:16 PM
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LeBeau Offline
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Post: #7997
RE: The Bitcoin (BTC) thread
Shout out to Redbeard and Isaac Jordan for suggesting "The Bitcoin Standard" book. I found a great talk explaining some of the key points by the author:



05-22-2019 09:46 PM
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whiteknightrises Offline
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Post: #7998
RE: The Bitcoin (BTC) thread
(05-22-2019 03:56 PM)gework Wrote:  Does anyone know if there are any reputable Bitcoin/crypto-based or deposit stock brokers?

My brokerage facility is being shut down, which means I'm close to trapped in cash and I'm looking to place some shorts soon.

I know there is one called 1Broker, but seems it's gone quiet.

***

Since this thread is where the crypto action is now. Does anyone have any tips for coins they think can do a 10X+ in the future? I moved into BTT (Bit Torrent Token), which has doubled recently. It seems like a good one to push into the top 20 and could quite easily generate a real economy. If you consider BAT. The BAT economy is maybe $100,000 / month tops and it's close to $500M. There's a bunch of coins above them, which have no economy. A real economy and a high-level team are two of the things I most like to see.

Here's my list - sorted roughly into groups of preference in terms of perceived safety and perceived parabolic potential

Tier 1:

ETH
BAT
BTT
Steem
Decentraland

Tier 2:

Presearch
SkyCoin
MYST
EOS
Sia
Enjin
KuCoin
TRON
Ripple
IOTA

Tier 3:

KNC
Storj
Civic
Propy
CPAY
Status
LBC
DigixDAO
Crypto.com
SAN
Aragon

Tier 4:

Salt
Mainframe
QASH
Singularity
district0x
Nectar
Substratum
Paragon
DeepOnion
PepeCash/Memetic
OMG
Maker
Request

My favourite tip to make big games on is Decentraland. It's going to be something like Minecraft and some of the plots in the world have already sold for in excess of $250K. The interest in it is very steady. It has a good team and it's not bounced much this year.

Bitcoin will do ~20x+ in the next 2 years

New Post:
Daygame in Korea

BTC: 1A5WUGDNGnsxGJ62CXadV6T2oapKfFu4T3
ETH: 0x9019d135dD1FFA06f0CC53C5942cBce806a943dd

(If I miss your reply PM me)
05-22-2019 10:29 PM
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Post: #7999
RE: The Bitcoin (BTC) thread
(05-22-2019 04:16 PM)longshots Wrote:  
(05-22-2019 03:56 PM)gework Wrote:  Does anyone know if there are any reputable Bitcoin/crypto-based or deposit stock brokers?

My brokerage facility is being shut down, which means I'm close to trapped in cash and I'm looking to place some shorts soon.

I know there is one called 1Broker, but seems it's gone quiet.

***

Since this thread is where the crypto action is now. Does anyone have any tips for coins they think can do a 10X+ in the future? I moved into BTT (Bit Torrent Token), which has doubled recently. It seems like a good one to push into the top 20 and could quite easily generate a real economy. If you consider BAT. The BAT economy is maybe $100,000 / month tops and it's close to $500M. There's a bunch of coins above them, which have no economy. A real economy and a high-level team are two of the things I most like to see.

Here's my list - sorted roughly into groups of preference in terms of perceived safety and perceived parabolic potential

Tier 1:

ETH
BAT
BTT
Steem
Decentraland

Tier 2:

Presearch
SkyCoin
MYST
EOS
Sia
Enjin
KuCoin
TRON
Ripple
IOTA

Tier 3:

KNC
Storj
Civic
Propy
CPAY
Status
LBC
DigixDAO
Crypto.com
SAN
Aragon

Tier 4:

Salt
Mainframe
QASH
Singularity
district0x
Nectar
Substratum
Paragon
DeepOnion
PepeCash/Memetic
OMG
Maker
Request

My favourite tip to make big games on is Decentraland. It's going to be something like Minecraft and some of the plots in the world have already sold for in excess of $250K. The interest in it is very steady. It has a good team and it's not bounced much this year.

Your list includes some coins that have already executed exit scams Smile) Substratum, Salt...

Good list. The question I am asking myself is: "which of these coins will smoothly follow bitcoin as it goes UP."

For example will your BTT go up 10X for Bitcoin's 2X? Will your BTT go up 20X if bitcoin goes up 4x?

Or will these jump, then the investors get lured by some other coin, so they lose steam and falter? That's very hard to deal with and will distract you from the steady upward trend of the big coins.

That's my opinion.
05-23-2019 11:15 PM
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Sidney Crosby Offline
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Post: #8000
RE: The Bitcoin (BTC) thread
Anybody else here on the right side of those MATIC pumps? It was a crazy few days, the volume is still ridiculous as well.
05-24-2019 12:00 AM
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