I'm Touring The United States! Starting in June, I'm conducting private events in 23 American cities. Click here for full details.

Post Reply 
The Bitcoin (BTC) thread
Author Message
Sidney Crosby Offline
Ostrich
****
Gold Member

Posts: 2,230
Joined: Jun 2014
Reputation: 13
Post: #7626
RE: The Bitcoin (BTC) thread
wrong thread
(This post was last modified: 03-02-2019 07:40 PM by Sidney Crosby.)
03-02-2019 07:40 PM
Find all posts by this user Like Post Quote this message in a reply
[email protected] Offline
Pelican
****

Posts: 1,296
Joined: Feb 2016
Reputation: 20
Post: #7627
RE: The Bitcoin (BTC) thread
(03-02-2019 07:00 PM)SamuelBRoberts Wrote:  Had a final falling out with the business partner who did I lot of my BTC stuff with. He walked off with a bunch of my money, and I'm finally rid of him.

I think that's more or less the end for my involvement with bitcoin, though I'll continue to monitor it.

That's a good hook. Now I want to hear the dramatic story in detail.
03-02-2019 08:26 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes [email protected]'s post:
JayJuanGee
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,183
Joined: Aug 2013
Reputation: 79
Post: #7628
RE: The Bitcoin (BTC) thread
(03-02-2019 07:00 PM)SamuelBRoberts Wrote:  Had a final falling out with the business partner who did I lot of my BTC stuff with. He walked off with a bunch of my money, and I'm finally rid of him.

I think that's more or less the end for my involvement with bitcoin, though I'll continue to monitor it.

I'm trying to ponder about what you just did there.

A non-sequitur, perhaps?

It's like saying. I had some money, and then I got robbed. I am going to avoid money in the future in order to avoid getting robbed.

In other words, whether or not to invest in bitcoin seems to be a decision that any guy should consider based on his knowledge of the topic while attempting to apply his own particular circumstances to such knowledge. If you been involved in bitcoin for more than two years (which seems to be the case from your posts in this thread), then your level of bitcoin knowledge is greater than at least 90% of the world's population, which will give you a considerable knowledge advantage - which is half the battle.

Currently, the only people that I am suggesting NOT to take any stake in bitcoin are those who have time horizons of less than 2 years. Otherwise, for everyone else, who has at least a 2 year time horizon, some stake in bitcoin seems to be prudent, even if such stake is only 1% of the person's investable assets.
03-02-2019 10:04 PM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,183
Joined: Aug 2013
Reputation: 79
Post: #7629
RE: The Bitcoin (BTC) thread
Here's a nice little tweet from the CyrptoBull regarding bitcoin's March market prices going back to 2010.

https://twitter.com/CryptoBull/status/11...9857402880

[Image: ?u=http%3A%2F%2Fi63.tinypic.com%2F35c241...q7IfQovU0Q]
03-03-2019 12:48 PM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,183
Joined: Aug 2013
Reputation: 79
Post: #7630
RE: The Bitcoin (BTC) thread
(03-02-2019 05:14 PM)JayJuanGee Wrote:  Here's a February 2019 newsletter about "crypto" that seems fairly bullish about longterm crypto... or at least looking into the "crypto" matter, yet the overall assessment seems overly conservative with recommended ceilings of about 1% in terms of the amount invested into "crypto" and without some specific assessment of bitcoin specifically as the likely ongoing leader (at least in terms of the sound money aspect rather than seeming to get confused by the tech of various inferior cryptos (aka shitcoins... hahahahahaha)).

Surely, I would fault them, a bit, for lumping cryptos instead of focusing on an attempt to focus analysis on bitcoin, and if they were to truly assess the sound money aspects of bitcoin then they might come to a more aggressive portfolio percentage allocation that would more easily surpass 1% and might even bring them into a more aggressive and likely profitable 5% to 10% range... . hahahahaha

https://www.cambridgeassociates.com/rese...e-unknown/

https://twitter.com/alecziupsnys/status/...12608?s=21

>>>>>>>>Financial advisors when you mention bitcoin:

2012: Laugh at you

2017: Maybe 1% as a hedge

2018: Laugh at you again

2020: In hindsight, you should have really had about 5-10% in bitcoin

2030: Maybe 1% in fiat as a hedge against bitcoin<<<<<<<


Above is the text of a tweet that says something similar to what I had been suggesting in my above post, which is that 5-10% might be a good allocation towards bitcoin now, rather than 1%, but in any case, it seems that we continue to be really early adopters in terms of BTC, and most financial advisors are going to be negative or dismissive about BTC - additionally so because there are very few BTC financial instruments in which they could recommend BTC and that they can also makes some money too (on fees).

Still, one of the best and most powerful ways to invest in bitcoin is directly, rather than through a financial advisor, which, in the future, may cause you to wonder about why you are investing much of anything through a "financial advisor" and allowing that third party to take fees from you and likely to underperform your BTC investment(s).
03-03-2019 01:01 PM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,183
Joined: Aug 2013
Reputation: 79
Post: #7631
RE: The Bitcoin (BTC) thread
If this news is real, seems to be some early consideration from a major grocery store change to switch from credit card payment to using lightning network.

https://bitcoinist.com/kroger-smiths-vis...g-network/

If true, they may have to start with some kind of limit, like less than $200 per transaction, or something like that.
03-03-2019 05:39 PM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,183
Joined: Aug 2013
Reputation: 79
Post: #7632
RE: The Bitcoin (BTC) thread
Interesting bullet point tweet from PlanB that seems to place a pretty strong "not" below $2k.. no way, no how... hahahahaha.. Perhaps, perhaps.

https://twitter.com/100trillionUSD/statu...5772044289

[Image: ?u=https%3A%2F%2Fi.imgur.com%2FvCg6q6I.p...ubxTG3winw]
03-05-2019 02:40 PM
Find all posts by this user Like Post Quote this message in a reply
Giacomo Casanova Away
Kingfisher
***

Posts: 594
Joined: Sep 2013
Reputation: 20
Post: #7633
RE: The Bitcoin (BTC) thread
The bottom is in, in this last few days the bears are doing everything to tank the price but without any success. I tend to agree with the post above: the halving is simply too close. as "outside" factors influencing indirectly the BTC price, I would add also that Ethereum has just reduced the issuance from 3 to 2 ETH per block (same effect of halving) and litecoin halving is expected in 5 months.
I will accumulate as much as possible during the next few months (the last of bear market).
(This post was last modified: 03-05-2019 05:08 PM by Giacomo Casanova.)
03-05-2019 05:05 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Giacomo Casanova's post:
JayJuanGee
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,183
Joined: Aug 2013
Reputation: 79
Post: #7634
RE: The Bitcoin (BTC) thread
(03-05-2019 05:05 PM)Giacomo Casanova Wrote:  The bottom is in, in this last few days the bears are doing everything to tank the price but without any success. I tend to agree with the post above: the halving is simply too close.
I will accumulate as much as possible during the next few months (the last of bear market).

I remain skeptical that the bottom is in, but surely I am glad to hear such assessment(s), if true.

I certainly have enough BTC to resume, UP.....
03-05-2019 05:08 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes JayJuanGee's post:
Giacomo Casanova
JakckieDanger437 Offline
Pigeon

Posts: 24
Joined: Jan 2019
Reputation: 0
Post: #7635
RE: The Bitcoin (BTC) thread
It'll be back up in a year or so. I think the underlying technology is revolutionary if you really study it. It has the potential to change the internet as we know it.
03-05-2019 06:35 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 2 users Like JakckieDanger437's post:
JayJuanGee, Giacomo Casanova
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,183
Joined: Aug 2013
Reputation: 79
Post: #7636
RE: The Bitcoin (BTC) thread
(03-05-2019 06:35 PM)JakckieDanger437 Wrote:  It'll be back up in a year or so. I think the underlying technology is revolutionary if you really study it. It has the potential to change the internet as we know it.

Well the timeline about when exactly BTC is going to be "back up," as you say, does have to do with the next upcoming halvening too.

There is no real guarantee that BTC will be "up" in a year, but if we consider a 2 year time line, then it is going to be quite difficult for any bearwhales or downward BTC price manipulators to have success in keeping BTC down (absent some real negative actual event rather than FUD).

It is likely that part of the difficulty in keeping the price down will really start to be felt once the new supply is cut in half, while there remains decent assumptions that BTC demand is likely NOT going to go down, and may well go up higher during that time, due to ongoing decent fundamentals (and nothing really is broken in BTC).

The next halvening is about 15 months from now... but based on prior couple of halvening examples, it appears quite possible that the upwards price pressures become more and more concretely felt after the halvening..... perhaps even several months after the halvening.
03-05-2019 06:54 PM
Find all posts by this user Like Post Quote this message in a reply
Genghis Khan Offline
Pelican
****

Posts: 1,213
Joined: Mar 2013
Reputation: 56
Post: #7637
RE: The Bitcoin (BTC) thread
You know JJG, you don't have to respond with an essay to every single post on this thread

Not happening. - redbeard in regards to ETH flippening BTC

#TeamRoboDoc
03-05-2019 10:05 PM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,183
Joined: Aug 2013
Reputation: 79
Post: #7638
RE: The Bitcoin (BTC) thread
(03-05-2019 10:05 PM)Genghis Khan Wrote:  You know JJG, you don't have to respond with an essay to every single post on this thread


Why do you care? Aren't you interested in ETH and the pie-in-the-sky flippening, anyhow?
03-05-2019 10:16 PM
Find all posts by this user Like Post Quote this message in a reply
[email protected] Offline
Pelican
****

Posts: 1,296
Joined: Feb 2016
Reputation: 20
Post: #7639
RE: The Bitcoin (BTC) thread
I am also beginning to think the bottom might also be in. I read somewhere that whales have accumulated 150k BTC in the last 2 months. They are trying to dump the price but it just gets accumulated leading to less available supply. Also agree that halvening is on everyone's mind and upward movement will start earlier than the last cycle.
03-05-2019 11:04 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 3 users Like [email protected]'s post:
JayJuanGee, Tactician, Giacomo Casanova
Genghis Khan Offline
Pelican
****

Posts: 1,213
Joined: Mar 2013
Reputation: 56
Post: #7640
RE: The Bitcoin (BTC) thread
(03-05-2019 10:16 PM)JayJuanGee Wrote:  
(03-05-2019 10:05 PM)Genghis Khan Wrote:  You know JJG, you don't have to respond with an essay to every single post on this thread


Why do you care? Aren't you interested in ETH and the pie-in-the-sky flippening, anyhow?

Laugh3

I love this thread, it just keeps on providing the best jokes.

I got a special meme ready for the moment Ethereum finally flips Shitcoin. Can't wait.

Not happening. - redbeard in regards to ETH flippening BTC

#TeamRoboDoc
03-06-2019 12:33 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Genghis Khan's post:
zoom
Pinocchio Offline
Woodpecker
**

Posts: 390
Joined: Jun 2013
Reputation: 1
Post: #7641
RE: The Bitcoin (BTC) thread
(03-05-2019 05:05 PM)Giacomo Casanova Wrote:  The bottom is in, in this last few days the bears are doing everything to tank the price but without any success. I tend to agree with the post above: the halving is simply too close. as "outside" factors influencing indirectly the BTC price, I would add also that Ethereum has just reduced the issuance from 3 to 2 ETH per block (same effect of halving) and litecoin halving is expected in 5 months.
I will accumulate as much as possible during the next few months (the last of bear market).

I'm getting increasingly more confident, just need to get the trend change on the weekly time frame as confirmation..
03-06-2019 02:02 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Pinocchio's post:
Giacomo Casanova
the_ox Offline
Robin
*

Posts: 175
Joined: Sep 2013
Reputation: 13
Post: #7642
RE: The Bitcoin (BTC) thread
lads, what is your altcoin portfolio now?

I've seen some coins are already leaving the bear market, as ABBC, BNB and ENJ
03-06-2019 06:48 AM
Find all posts by this user Like Post Quote this message in a reply
redbeard Offline
Hummingbird
*****
Gold Member

Posts: 2,904
Joined: Jan 2014
Reputation: 71
Post: #7643
RE: The Bitcoin (BTC) thread
(03-06-2019 12:33 AM)Genghis Khan Wrote:  
(03-05-2019 10:16 PM)JayJuanGee Wrote:  
(03-05-2019 10:05 PM)Genghis Khan Wrote:  You know JJG, you don't have to respond with an essay to every single post on this thread


Why do you care? Aren't you interested in ETH and the pie-in-the-sky flippening, anyhow?

Laugh3

I love this thread, it just keeps on providing the best jokes.

I got a special meme ready for the moment Ethereum finally flips Shitcoin. Can't wait.

Not happening.

1 Year NoFap Veteran --- No Days Off in Trump's America
03-06-2019 09:07 AM
Visit this user's website Find all posts by this user Like Post Quote this message in a reply
SamuelBRoberts Offline
Crow
*****
Gold Member

Posts: 4,842
Joined: Oct 2014
Reputation: 93
Post: #7644
RE: The Bitcoin (BTC) thread
(03-06-2019 06:48 AM)the_ox Wrote:  lads, what is your altcoin portfolio now?

I've seen some coins are already leaving the bear market, as ABBC, BNB and ENJ

Total alt marketcap is still very, very low. (July 2017 mini-bear market levels)

Losers currently vastly outnumber winners in the alt space. I'm staying away until I see more positive signs.
03-06-2019 10:22 AM
Find all posts by this user Like Post Quote this message in a reply
BBinger Offline
Kingfisher
***

Posts: 537
Joined: Apr 2015
Reputation: 9
Post: #7645
RE: The Bitcoin (BTC) thread
(03-05-2019 05:05 PM)Giacomo Casanova Wrote:  The bottom is in, in this last few days the bears are doing everything to tank the price but without any success. I tend to agree with the post above: the halving is simply too close. as "outside" factors influencing indirectly the BTC price, I would add also that Ethereum has just reduced the issuance from 3 to 2 ETH per block (same effect of halving) and litecoin halving is expected in 5 months.
I will accumulate as much as possible during the next few months (the last of bear market).

Ah, "the bears" keep on doing their thing. Those same "bears" that never seem to have to do any buying of their own. Occasionally they'll disappear during a run up to let it really grow before they return with coins harvested by their agents and in their chumpatrons.
03-06-2019 10:51 AM
Visit this user's website Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,183
Joined: Aug 2013
Reputation: 79
Post: #7646
RE: The Bitcoin (BTC) thread
Below is a link to an article of a QuadrigaCX update of today, which shows that cold wallets had been emptied last April (2018), and also it appears that the money had been sent to exchanges under about 14 different user names, and withdrawn to other outside addresses that have not yet been discussed in the article.

https://markets.businessinsider.com/curr...jlciuke5ss

Pretty sad situation, and hopefully some folks are going to get caught, if more than one... and seemingly increasingly premeditation fishy.
03-07-2019 03:37 AM
Find all posts by this user Like Post Quote this message in a reply
[email protected] Offline
Pelican
****

Posts: 1,296
Joined: Feb 2016
Reputation: 20
Post: #7647
RE: The Bitcoin (BTC) thread
(03-06-2019 06:48 AM)the_ox Wrote:  lads, what is your altcoin portfolio now?

I've seen some coins are already leaving the bear market, as ABBC, BNB and ENJ

The ones you mentioned might have already topped out. BNB might keep going up forever but I think it needs to correct. It's heavily manipulated too.

For alts I recommend one's that have flatlined (in BTC terms) & also close to initial value. These will be dead money for a while but safer to enter these ones:

NEO, OMG, ADA, IOTA.
03-07-2019 04:24 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes [email protected]'s post:
SvenTuga
Deepdiver Offline
Hummingbird
*****
Gold Member

Posts: 3,290
Joined: Mar 2013
Reputation: 96
Post: #7648
RE: The Bitcoin (BTC) thread
Weiss Cryptocurrency Ratings Take on the...

New Facebook Coin: 3 Mistakes Experts are Making (In relation to Bitcoin)
By Juan M. Villaverde on March 6, 2019

Facebook is taking the plunge.

Behind closed doors and under a veil of not-so-secret hush-hush, they’re preparing to launch their own “cryptocurrency.”

No one on the outside seems to know what a Facebook coin will look like. But some experts and media observers have already responded with great fanfare.

“The Facebook coin promises to succeed where Bitcoin failed,” they rant. “With billions of users, the Facebook coin is going to roar to the top,” they rave.

They’re making three basic conceptual mistakes …

Mistake #1
They seem to think Bitcoin is down for the count.
Far from it!

Bitcoin was created with a fundamental promise — to create an open, public, shared database; to remove the need to trust any third party with sensitive data; and to transfer money securely, privately and permanently.

That promise has been fulfilled in its entirety.

Bitcoin lives on an open, public distributed ledger, shared by countless users.

There are no third parties involved. The miners who operate the network don’t even know — or care — who is sending and receiving the Bitcoin. All they do is verify that each transaction follows the rules of the network.

The network has never been hacked.

The underlying technology — blockchain or Distributed Ledger Technology — has never allowed a single leak of confidential information.

All personal data is encrypted, private and secure.

Then, once the transaction is written on the blockchain, the record stays there forever. No one has the authority — or ability — to change it.

If you use the Bitcoin network for a transaction — no matter how big or small — you reap the benefits:

You don’t have to trust a soul.
You don’t care who the miners are or how your transaction reaches them. All you know is that you have a valid signature, authorized to spend your funds.
And you can send those funds to whomever you want.
This makes the Bitcoin network a trustless system. In other words, you never have to trust any central authority or intermediaries to handle your money — not even to enforce the rules.

Result: Today, Bitcoin’s adoption is stronger than ever. Transaction volume has doubled in the past year. Transaction fees are now much more affordable. And Bitcoin’s Lightning Network has grown steadily from the day it was launched.

Mistake #2
They think Facebook is compatible with
public open ledgers like Bitcoin’s.
It’s not. The Facebook business model is based on collecting vast amounts of personal data from users and selling it to the highest bidder.

User data is their single most valuable asset. And all the data is owned, controlled and monetized exclusively by the company.

Moreover, despite Facebook’s apologies for a never-ending series of privacy abuses, that business model is not changing.

So, how can Facebook marry a private, closed, centralized business with a public, open, decentralized technology? It’s a head-scratcher. In fact, CEO Mark Zuckerberg himself says he hasn’t “figured out a way to make this work out.”

Actually, there’s only one path: Facebook creates a digital asset backed with U.S. dollars stashed in its bank account.

This puts the digital assets on a computer network that it fully controls. And it winds up with a fully centralized payment system that’s essentially no different from Visa’s or PayPal’s.

Mistake #3
They think Facebook can at least use blockchain technology.
The idea is that Facebook will adopt and adapt blockchain. It will use it to create tamper-proof records. And the technology will somehow make its social media platform more secure or more private.

Truth be told, the main reason cryptocurrency records are more secure and more private is not because they use blockchain or other Distributed Ledger Technologies. It’s because no central authority controls them; no one has the authority to change or remove them.

They’re tamper-proof only because there are no owners or controllers who could do the tampering.

Once you uproot that technology from its native system and transplant it to a centrally controlled organization like Facebook, the security and privacy benefits are largely out the window.

Like planting an evergreen in the desert. Like installing a Boeing 777 jet engine on the 180-meter Azzam yacht.

It just doesn’t work.

Deepdiver - Nuke Boats Forever!
"You do not have to be a perfect person to be a perfect PATRIOT!"

Official Whitehouse.gov President Trump's achievements: https://www.whitehouse.gov/trump-adminis...lishments/

Communist Freaking Red China's Plan to Undermine the USA and the West:
https://www.whitehouse.gov/wp-content/up...18-PDF.pdf

The Naked Communists 45 Goals for the USA:
https://www.beliefnet.com/columnists/wat...-1963.html
03-07-2019 01:07 PM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,183
Joined: Aug 2013
Reputation: 79
Post: #7649
RE: The Bitcoin (BTC) thread
(03-07-2019 01:07 PM)Deepdiver Wrote:  Weiss Cryptocurrency Ratings Take on the...
[edited out]

I recall some pretty dumb stuff coming from the Weiss raters in previous articles last year-ish, with their seeming inabilities to get what differentiates bitcoin from other cryptos, and their assessment in the above quoted article is a lot better in that regard.

So kudos to you, Deepdiver on finding and providing that article.. and it may reflect that you are also starting to get what is bitcoin, since I recall you bashing on bitcoin quite a bit, too, last year-ish.
03-07-2019 01:17 PM
Find all posts by this user Like Post Quote this message in a reply
Deepdiver Offline
Hummingbird
*****
Gold Member

Posts: 3,290
Joined: Mar 2013
Reputation: 96
Post: #7650
RE: The Bitcoin (BTC) thread
The Hyperwave Team's Viewpoint in multiple videos on their channel is that Hyperwave Phase 7 will not complete until Phase 7 retests the Phase one low of 1,000 USD. Simple A-B-C wave analysis of Wave C equal to Wave A equals a target retest of 1242 USD. And even this range maybe optimistic as there are a huge number of orders on the VPVR (Volume Profile-Visible Range) at
670 and 189.

Therefore if you are buying into "The BTC Bottom is now" Mantra at 3863 right now be sure to at least hedge with a 20% or less Trailing Stop Loss and some 1,000 and 500 pt Puts (Shorts) on Bitmex etc. (Not sure if you can short BTC on the new ABBRA virtual wallet and trading platform yet).

Hyperwave Channel:
https://www.youtube.com/channel/UCLJxbdX...QSw/videos

Deepdiver - Nuke Boats Forever!
"You do not have to be a perfect person to be a perfect PATRIOT!"

Official Whitehouse.gov President Trump's achievements: https://www.whitehouse.gov/trump-adminis...lishments/

Communist Freaking Red China's Plan to Undermine the USA and the West:
https://www.whitehouse.gov/wp-content/up...18-PDF.pdf

The Naked Communists 45 Goals for the USA:
https://www.beliefnet.com/columnists/wat...-1963.html
(This post was last modified: 03-07-2019 01:27 PM by Deepdiver.)
03-07-2019 01:26 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Deepdiver's post:
SamuelBRoberts
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  IRS: Bitcoin is not currency assman 23 7,569 07-06-2019 08:37 PM
Last Post: Deepdiver
  Bitcoin & Cryptocurrency Profit & Loss Trackers & Capital Gains Calculators jamaicabound 2 4,716 06-01-2019 09:03 AM
Last Post: Dr. Howard
  DACing for Cryptodummies: Hassle-Free and Easy Bitcoin Investing SamuelBRoberts 108 32,901 12-26-2018 08:27 PM
Last Post: redbeard

Forum Jump:


User(s) browsing this thread: 2 Guest(s)

Contact Us | RooshV.com | Return to Top | Return to Content | Mobile Version | RSS Syndication