Bitcoin Forum

Could you please post a flow diagram and a detailed chart with TA and lines detailing exactly how to execute the hodl strategy?

That Lambo is not really a significant part of my investment portfolio. I did it when I did cuz of Greenspan saying he could not see any "intrinsic value" in BTC. So I was like fuck it, people don't care about intrinsic value, they care about shit like Lambos. Did it for the PR. Plus that Lambo is fun as hell. We only live once and might as well enjoy life some eh?

I also bought $9k worth of random stuff on overstock.com on their first day. Not really cashing out, just supporting BTC.

I'm 85% Crypto (BTC/LTC), 10% Physical PM (Gold/Silver/Other) and 5% Fiat (USD/CHF)

Also guns, lots and lots of guns...

Could you please post a flow diagram and a detailed chart with TA and lines detailing exactly how to execute the hodl strategy?

 :)

Bitsimple is very fast and clean.

With coinbase it takes a while and there is a good chance that coinbase will void your buy or sale if the market moves to much. I personally would only want to deal with an organization that has done 1000's of sales with no complaints what so ever.

 

it is run by long time trusted forum member DeathAndTaxes and not by some Wall Street clown.

We have a Jeep Cherokee, Merc SL 500 and the Gallrdo Lambo.

No Beemers. Honestly I can't even recall ever being in one.  

I guess I will answer the best I can. It is really about being in the right place at the right time. I have done really well and also lost my ass in the past. I have pretty much been involved in just about anything BTC related that was not an obvious scam, and some that where.

Honestly with all of that experience I would say just HODLING either BTC or LTC is going to over all just be the best. HODL your crypto where it can't get stolen and forget about it for 3 or 4 years. Had I done that I honestly would be better off than where I am now and would have been so much easier.

This thread is not making fun of that thread or others like it, just people who think they can call the markets.  ;)   You might be right most of the time but when you are wrong, it could really mess you up. I have done this long enough, and been lucky enough to know I should have just HODL.

If you can do it, do it. I myself did. But keep in mind you could lose everything. Having half as much BTC as you want is better than having none. If I were to do it again I would HODL!

ditto.

I'm 85% Crypto (BTC/LTC)

I would help out

HODL.

Honestly I don't know what the BTC/LTC ratio should be. If the Bitcoin Foundation keeps trying to destroy BTC we might see LTC higher than BTC soon.

Who knows.

If the Foundation forced code changes to BTC to make it more traceable or whatever people will flee BTC so fast it is not funny.

LTC will not have these code changes added.

Gavin Anderson seems willing to work with these people who want to regulate it. The LTC community does not.

The BTC Foundation and Gavin might cause if nothing else a "civil war" in BTC land but this wont happen in LTC.

There is no way the miners would support adding any of the code Gavin would want us to add.

mostly them working with the fbi and gates foundation in a policing action to fight crime.

the foundation should not be a police force.

Holy crap! I thought the sarcasm was clearly detectable (what happened -> Goat's transformation).

Gavin Anderson seems willing to work with these people who want to regulate it. The LTC community does not.

I think goat's point is that the Ltc community would never put up with those kinds of changes, as the miners are so diverse and global. 

Does BitSimple support European countries? It looks like an exchange I would use, but if they don't support Europe, well, then it's useless to me.

I agree with your speculation. I'm HODL'ing my coins like a BDSM couple strangling each other.

Nope US only, very annoying.

Mt. Gox is odds are messing up the market. People suspect it will collapse any day now and thus push the price of BTC down. Not sure how sound that is but whatever.

I think we need more medium, small exchangers ...

yes i will never use coinbase after all the stories i have heard. refusing to fill orders that were paid for is bullshit and should only be done if payment does not clear. yet coinbase does whatever the fuck it pleases based on how the market moves.

still hodl?

You might be right most of the time but when you are wrong, it could really mess you up.

HODL!

(or buy more)

HODL!

(or buy more)

i doubt you have any coins but if you did i would want you to sell ;)

So are we still in the HODL-ing phase ?

HODL FOREVER   ;D ;D ;D ;D ;D


(unless you need hooker and blow fiat)

Fiat is suitable for criminals. Why isn't it on the news already??  :D

Fiat is suitable for criminals. Why isn't it on the news already??  :D

perhaps he's too busy in his private btc-elite only forum to spend time with the unwashed masses ;).
though I admitt I would like a peek at it to see if it will generate interesting content or if the isolation devolves it into an elitist Groupthink circlejerk.

Because that's the natural way - and that's how everything works anyway, even if you tried to distort it on some superficial level.

In "democracy", power is artificially and superficially re-distributed equally between all - well, not really, but to sell the idea, to keep masses peacefully going along - and this is even more important: whether deserved or not. Unconditional love is the coolest thing. Unconditional power is probably the worst of all things. That's like deciding that that from now on everyone can benchpress 100 pounds and not a pound more. Well, it's in some people's nature to press much more than that - AND THEY WILL. It's better to let them do it openly and naturally, so they don't have to do what's naturally anyway, but do it sneakily behind the scenes, while selling the weaker people the image that all power is distributed equally. When you go to the gym, and it's okay to openly lift as much as you want, you get people sharing secrets, inspiring each other to grow and give more - heck, even making music videos on how cool it is to be in this together: http://www.youtube.com/watch?v=C3UUpta18w4

Distributing power equally is so artificial that you need force to force it. And guess who end up using and owning that force? Of course the naturally more powerful (or power-hungry) ones. Except that now, besides power, they also have all the apparatus of force in their hands - of course, paid by all those "equal" people, or middle class. When the masses try to deny anyone from lifting more than 100lb, the big (or motivated) guys have to use force to keep others out of their own secret gyms. It's good to keep in mind, that to really go against nature, there's always some kind of war going on - and in war it's not always the best people who win. The war is not won by using even heavier (and even more expensive) force to make things even more unnatural, but actually letting the stream finally settle on the path of least resistance & most flow.

The more you try to equalize people, the more you end up separating them. The more atificiality you introduce to the system, the harder it is for people with less initial connections or shrewdness to ever make it up the ladder. And the cronier it gets. The more proggressive the tax system, the more reggressive it in actuality gets - because of course the people in power will make it so for themselves, while having to exert massive, otherwise unnecessary work to make it appear proggressive to the common folk - or, the average voter. And, in the progress introduce massive amounts of soul-crushing friction to the whole system, where it's no longer sufficient to serve your customer well, but you also need to become an expert in international law and all the silly complications in tax code, even though your time is valueble and you initially wanted to invest yourself in (improving) the service you actually cared about.

Let the powerful be powerful. The less there is need to resort to cronyism to attain power, the likelier you are to create culture of actual service and creative, attentive value sharing.

 ** ** ** **

I feel like I live in a society (Finland, to be exact), where you can go through your whole life without really ever touching this thing of wealth and power. You don't really negotiate your salary; the union does it for you. You know, those guys in the cabinets; the ones that are "qualified" to play these dangerous, difficult and awfully mysterious power games - so that me, the small person, don't have to; I can just go through my life minding my own business; go through the motions, not cause too much hassle.

Reminds me of the Steve Jobs quote:

"When you grow up you, tend to get told that the world is the way it is and your life is just to live your life inside the world, try not to bash into the walls too much, try to have a nice family, have fun, save a little money. That’s a very limited life. Life can be much broader, once you discover one simple fact, and that is that everything around you that you call life was made up by people that were no smarter than you. And you can change it, you can influence it, you can build your own things that other people can use. Once you learn that, you’ll never be the same again."

What's left out in that quote, is that to Really Live in this world, you need to "get your hands dirty", and realize that there is this thing called power, and I'm going to be playing with it sooner rather than later. I'm going to be negotiating, strategically upping my position. It's not going to come by simply increasing my contribution and letting someone else handle the money matters. Steve Jobs himself tends to give you that impression (that he didin't really need to think about money), but even he was in fact a quite wonderful negotiator and quite a player in corporate power games.

It doesn't need to be like that. The more naturally power is distributed, the more you can just earn and deserve it, and the less you have to "play" for it, of know all the complications of law, and other distractive barriers the "heavy lifters" have had to raise to make it difficult for common people to enter their secret gym.

 ** ** ** **

It's clear, that even if all votes were equally distributed, you'd still feel like guys like Goat or rpietila are on a different position or status, than someone with less than one BTC in his paper wallet. So why not let the voting system reflect that which we already feel is natural anyway? Of course the ones with more at stake should have more votes.

But it goes deeper than that.
All my life I've sort of struggled, ever since the school system tried to make us all bench press that same 10lbs weight over and over again. Also there was this forum at one point, where I was probably the most influential contributor, and lots of very high class contributors came along to join ranks & have a ball together. And then there was this one homo ignoramus, who didn't even want nor seek to contribute, but rather talk against the whole topic of the forum (which was organic, fresh, real, high quality food by the way, along with holistic health). The owner of the forum maintained his opinion that "everyone needs to get an equal chance in this forum". Well, soon all the best contributors found better things to do with their valuable time, so the owner of the forum was left with... well, what you get from trying to artificially make "everyone's contribution equal", even when it clearly is everything but.

In my life experience, I've noticed huge differences in people't energy levels and how they live their lives. The most impressive contributors are often the biggest eaners - and they usually end up re-investing a ton, in what they originally cared about. Making it better, making it bigger, perhaps adding diversity as well, depth; heck they even take steps to increase the value of social capital in the whole industry, and basically make everyone happier. Anyone could be more like that, but perhaps they haven't read their Napoleon Hill yet, perhaps because they were busy reading sociology of gender studies (which they didin't even care about in the first place, but thought that was okay, not too bad at least). It's wrong to say that the guy living hundreds of times bigger, having a network worth 10 000 times more, and making ridiculous contributions, while garnering masterful experience and ridiculous insigth to the matter, should have equal vote to the guy who was reading sociology and didn't even care about that - and probably cares even less about the subject matter at hand.

Usually - not 100%, but usually - the people who care deeply and personally about subject matter A, have more knowledge, experience, relevant networks, personal investment, social investment - and also financial investment in A. At least they should, and it would be very natural for them to.

 ** ** ** **

Now comes the interesting part.

I'm that guy with <1000mBTC on my name. And even for me it's preferable to live in a "society" where power is distributed naturally rather than equalized artificially. First, it gives me clear incentives, to serve more, earn better, step my value up. It creates culture where my friends have similar incentives, so it's exponentially more fun for each of us to walk the walk, make our journey upwards - not by doing bad the bad, evil, sneaky or in best case irrelevant things you often need to do in a forcefully artificial system to rise up, but just simply improve my communication, courage, wisdom, experience, skill; serve the market, use my network and treat them well. Secondly, even when my voting power is ridiculously low, I have much better chances to influence things, and do it in intelligent manner. I don't have to sink my self worth to convince the masses, when I can see who has the power, and I can be sure it's their own money that's at stake, so there aren't any sneaky conflicts of interest complicating things. All I need to do is talk sense, or present my argument, to the guy(s) who have lots at stake in this - and I can be quite sure that they are the ones who actually care (because it's their property, not public land), and they either know and understand this stuff very well, or at least have the incentives to make otherwise sure that their decisions are of high quality, for example by hiring some knowledgeable people who have demonstrated their love and deep caring for this thing (plus perhaps ability to make good decisions).

Ultimately it's about (finally) creating world without politics. What is politics? It's really the art of re-grabbing the power that was artificially (and forcefully) re-distributed, and then vandalize one's own integrity in all the complicated mess that follows. When you erase the ultimate reason to have any conflicts of interest in the first place, you pretty much get rid of (the need for) politics, or any other forms of bad behavior. FINALLY the best argument wins, not the sneakiest or most evil, or populist - or the one bought with other people's money. The highest uncommon denominator finally beats the lowest common - by 10 000 to one, in the case of me and rpietila for example. Like Steve Jobs would say, "that's how it should be." Come to think about it, that is the natural, and right way of things.

There are things that I have cared about more, and invested more of myself in, than Risto. And in those things I naturally have more say than him. If a superfood distributor wants to know what strains of enzymes to use in his newest product, of course he'll ask me. That's the natural, correct and intelligent way of things. The "democratic" way would be to have an equal vote between me and Risto, where Risto's vote would be equal to mine. But he doesn't know crap about enzyme strains or how and where they were produced and what the practical implications of all that are... so why on earth should Lasse from Rawmance Ltd even care about Risto's opinion? Well, in "democracy", you kind of have to. Let's not be that silly in this community. I'm better of off by having Risto have more power than me when it comes to decisions concerning matters of Bitcoin. Plus, I know who to talk to, in case I happen to think I have a better idea - and best of all, even in that case I don't have to worry about politics, or winning over every average person who might not even care let alone understand that much, or might have most his stakes & attention invested somewhere else. That's all good, natural - and in every imaginable sense most effective way to advance things. Who would you ask, who's opinion do you trust most (in matter A)? It kinda makes sense to let that person have an equal share of votes - not equal to the number of his fingers or hands, but his ability and will to benefit us all.

I am there, and will offer a sneak peek for free (asked permission from the poster).

HODL! unless we get a good dip and then buy more!!!

Now that thats out of the way I just want to take a look at a few points from this essay: ...

I just want to note that the question itself concerns the voting rights for a private club not society as a whole. Maybe it implies it but it doesn't directly say that one vote per dollar should be universally applied.

votes based on the difference of status (rank), which is closely tied to Bitcoin ownership and thus the wealth of the SN member, instead of the majority of number of members.

I thought about doing this, but at this point, all lot of the valuation for these coins seems to be very "dotcom," in that you go off things like quality of the name, logo, website, etc. The only tweak I've really done is to double from 0.05BTC to 0.1BTC in anything that's below 10 satoshi (with the exception of the Cryptostocks where I doubled at 100 satoshi since it's the lowest level). I'm thinking of going back and increasing anything below 10 satoshi with decent enough volume to 0.25BTC, but beyond that, I'm not going to tweak much further.

I'm surprised that BTC mania hasn't spilled over into the general public. I mean, stories of making 15,000% in FTC and putting $100 into LTC and getting $30K a year later should have people willing to gamble in a time when alternative investment vehicles are only returning 1% if you're lucky.

I'm surprised that BTC mania hasn't spilled over into the general public. I mean, stories of making 15,000% in FTC and putting $100 into LTC and getting $30K a year later should have people willing to gamble in a time when alternative investment vehicles are only returning 1% if you're lucky.

I mean, 70B-700B in market cap could happen in isolation

The thing with alts, as I see it, is this...

Alts HAVE to be lower. Due only by immaturity as a "real limit".

BTC will be the Gold, LTC the Silver, and the rest like Copper...

You can only hold so much Copper, before you get dirt-rich, and have to upgrade at some point to Silver trades. Again, once you are muddy-rich in Silver, you then have to upgrade to Gold to become filthy-rich...

After Gold, there will be a specialized Plutonium or Uranium to get into, but only for the filthiest of the rich, to exchange riches for power. (That would be back to a "registered miner base", I am sure. If you can even join that club.)

Each level-up does and will require some losses in the leveling, sort of an unavoidable "cash-out" sacrifice to obtain the higher level, as what happens now. (You can only own so many junk-coins before you are the whole market. After that, you have to actually work to add value to your holdings. Thus, why we take the loss. It is just easier and provides more potential for competition to rise.)

Every nation needs a king... not to rule them (though they will try)... Just to have some kind of higher goal to reach. Some will want to be king, and will be... Some just want to be in the path of the kings golden dust falling off his royal ass, and will thrive above those who are just down-wind of the odor. Still, some will strive to be in that repugnant air, to catch the silver dust falling off the other guys rotten souls. Furthest from the line, is those who just pretend to not care, pride driving them to remain the servants they despise being. Living in the oxidized toxic copper dust falling from the polluted air.

Some junk-coins will be another mans treasure, while the rest will just always be junk. BTC would not thrive without them, as a dollar would not thrive without pennies and other dollars of other countries.

Crypto-coins are (as a whole), a universal value to glue and bond gaps where dollar/dollar and dollar/asset conversions would otherwise fail. They are needed as much as a dollar and credit, for "currency value" to progress into the future. Dollars alone, like all other dollars before, would just eventually fail. Like all prior governments have all failed, and these that exist now will soon too. They just don't suit us anymore. They are failing us, as the dollars that fund them have failed. Change and progress is inevitable, resistance is futile, there is no spoon!

It is not change they fear, it is the transition and loss of power that they worked so little to obtain, which scares them.

Okay. Coin market capitalization. Anyway, if you look at BTC as a temporary store of value that can be sold for more later, then that's pretty much all a stock is.

so does trying to value the whole company of apple by what one share of stock traded at, but people do it.

gox is dead

monthly volume is greater than the number of all btcs mined.

most of apple stock was never sold at an ipo... its been held from day one...

so does trying to value the whole company of apple by what one share of stock traded at, but people do it.

still HODL?

I'm going to SOHRT a few hundred bitcoin for the next few days. wish I had done it earlier.

it is when one sells btc to buy drugs or hookers (the correct way)

other way is when people gamble that the btc price will go down and they try to make some fiat. this works sometimes but most of the time ends in tears.

still hodl?  :'( :-[

I don't know... seems like you might needs some hookers and blow...

Gox is going to 0 so don't worry (unless you were stupid enough to use Gox)

No no I didn't use Gox  ;D

But everything here is so depressing, definitely need hookers and blow  :P

But everything here is so depressing, definitely need hookers and blow  :P

Try the Goat simulation it looks fun.

I couldn’t find a place to post this given it probably isn’t appropriate,
But hot off the press, anyone will be able to run a Goat simulator on their old mining rig.
http://www.pcgamer.com/2014/02/11/congratulations-internet-goat-simulator-is-now-a-real-game/

 :D

Sorry Goat but don't u think its easy for an early adopter to say HODL.  Yeah sure HODL but u got ur coins for $1 and most ppl posting here got it in the $500-$1000 range. Bitcoin is dead as an investment IMO

Jesus.... I want to HODL soooo bad!

Sorry Goat but don't u think its easy for an early adopter to say HODL.  Yeah sure HODL but u got ur coins for $1 and most ppl posting here got it in the $500-$1000 range. Bitcoin is dead as an investment IMO

Sorry Goat but don't u think its easy for an early adopter to say HODL.  Yeah sure HODL but u got ur coins for $1 and most ppl posting here got it in the $500-$1000 range. Bitcoin is dead as an investment IMO

Sorry Goat but don't u think its easy for an early adopter to say HODL.  Yeah sure HODL but u got ur coins for $1 and most ppl posting here got it in the $500-$1000 range. Bitcoin is dead as an investment IMO

Sorry Goat but don't u think its easy for an early adopter to say HODL.

most ppl posting here got it in the $500-$1000 range. 

lol. Thanks for thinking of us but btc can takecare of itself.

or you trying to buy in lower?

Lol

come back in five years. Lets see whats up ;D

using System;
using System.Collections.Specialized;
class FT
{public string Instrument // goto cofee & c if Ctrl+C works
ft.com // (?)
/cms
/s
/0
ec1c3a5a-9b0f-11e-946b-00144feab7de.html
#axzz2u0W4t2Lb

Just the newest noobs who didn't discover Bitcoin until last autumn. Judging by the number of low-activity posters, you could be right though.

I wonder if more than half of the forum members have joined since the start of October.

yeah... people were saying that after it fell from $32 to $2....    dead dead dead...



see ya at $50,000 (if you HODL)

Of the about 2.2 million bitcoin owners now, only about 0.5 million can have bought in at <$300. The rest have joined in the last 4 months.


We now have 252k members, of whom 100k has joined Nov-2013 or more recently. Source: public memberlog.

The forum membership is not growing as quickly as bitcoin, since there is less and less reason for lurkers to join in the discussion. (And unfortunately less reason for present members to contribute. Or lurkers to lurk.)

Of the about 2.2 million bitcoin owners now, only about 0.5 million can have bought in at <$300. The rest have joined in the last 4 months.

Lamboparity.com

 8)

not my site  btw but i loled

Thanks Risto. It confirms my suspicions but I didn't think it was quite that extreme. Over 80% of BTC owners came in in the last 4 months? Wow.

My guess is that the percentage of miners among the 20% older owners is a lot higher than among the 80% newer owners.

Likewise, I would think the percentage of miners is much higher among more senior forum members than among the newer members.

Hey Goat, time to diversify Ltc into Drk before the other whales.  :)

i have been diversifying LTC into BTC or houses/lambos for a while now. DRK? No don't think so....


anyway HOOOOOOOOOOOOOOOOOODL CCMF!

Privacy will be a factor and neither Btc or Ltc will implement it. You and I both know it.

if only DRK did that i would be all over it. you are seeing the pump, just wait for the dump.

So what if it's pumped? Still way undervalued relative to Ltc. If the big guys start moving out of Ltc, there will be some pretty big bagholders there.

So what if it's pumped? Still way undervalued relative to Ltc. If the big guys start moving out of Ltc, there will be some pretty big bagholders there.

Hey Goat, what will you buy at the next peak?  :)

How about the Wally Power 118' super yacht? https://www.youtube.com/watch?v=iMIF2GrdL28

http://www.superyachts.com/syv2/resource/585-340-95-c-c61d/superyachts/property/yacht/resource/superyacht-wally-power-118-6912.jpg

http://www.superyachts.com/syv2/resource/585-340-95-c-c61d/superyachts/property/yacht/resource/superyacht-wally-power-118-6928.jpg

It's what I'm Hodling for!

And we have a brand new delusional DRK thread...

It is a scam coin that fails to work. quit trying to make your $50 into $75 in this thread.

fuck off.


HODL BTC

Damn... we are going to need to see $100,000 before i can spend on that. i'm not anywhere that l33t!

Privacy will be a factor and neither Btc or Ltc will implement it. You and I both know it.