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101  Alternate cryptocurrencies / Altcoin Discussion / Re: EOS - Asynchronous Smart Contract Platform - (Dan Larimer of Bitshares/Steem) on: September 03, 2017, 08:41:09 PM


Okay, I’ve speed read the thread, and while EOS has its detractors, it also has its proponents, none of whom have chosen to address these comments and questions from this very same thread . . . and nobody seems to care either.


NOBODY HAS EVER ANSWERED ANY ONE OF THESE (posted here in the order they were originally posted):

Token Purchase Agreement shows EOS Tokens are completely useless. Look:
https://eos.io/purchaseagreement/EOS%20Token%20Purchase%20Agreement%20-%20June%2022,%202017.pdf

- EOS TOKENS HAVE NO RIGHTS, USES OR ATTRIBUTES. The EOS Tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features on the EOS Platform. Company does not guarantee and is not representing in any way to Buyer that the EOS Tokens have any rights, uses, purpose, attributes, functionalities or features.

- NOT A PURCHASE OF EOS PLATFORM TOKENS. EOS Tokens purchased under this Agreement are not tokens on the EOS Platform. Buyer acknowledges, understands and agrees that Buyer should not expect and there is no guarantee or representation made by Company that Buyer will receive any other product, service, rights, attributes, functionalities, features or assets of any kind whatsoever, including, without limitation, any cryptographic tokens or digital assets now or in the future whether through receipt, exchange, conversion, redemption or otherwise.

- PURCHASE OF EOS TOKENS ARE NON-REFUNDABLE AND PURCHASES CANNOT BE CANCELLED. BUYER MAY LOSE ALL AMOUNTS PAID.

- EOS TOKENS MAY HAVE NO VALUE.

- COMPANY RESERVES THE RIGHT TO REFUSE OR CANCEL EOS TOKEN PURCHASE REQUESTS AT ANY TIME IN ITS SOLE DISCRETION.


Please forgive me if this is newbish, but do these tokens actually confer ownership? Will they ever actually pay dividends?

   What would an ideal scenario look like where purchasing these tokens would be profitable? Say, 10 years from now?

the tokens are not ownership tokens and they do not pay dividends.

These are not even the native tokens that are needed for the EOS blockchain to function.

These are ECR20 tokens that function on the ethereum blockchain and you are not even sure that they will be swapped to the native EOS blockchain tokens (= the real tokens that will hold value in the future).

See Q&A 21 on the eos.io website.

Cheers  


I just read the white paper.

It does not provide a good technical explanation of how it will process in parallel and how it will process millions of transactions per second.

Does anyone understand how they will be able to do this?




I think it's a clever ico structure, designed to channel funds, that would otherwise be trading on exchanges, into the accounts of the project creators.

Ultimately there are just developing software that a third party may or may not launch a platform on.

If people keep sending them ETH during the year, then you can imagine future icos may follow their lead. But the price could plummet if people lose interest over the year. The price relies on more people contributing to the ico every day. And at a price they have no idea of until the end of each 23 hour period.



I've seen that video.  Do you really think he explains how he's going to enable parallel processing from that one slide?

I'm not saying that he definitely won't be able to pull it off.  But it's going to take many very smart OS level programmers, not necessarily blockchain programmers, because parallel processing is very difficult at the OS level.  I wish he does pull it off, because it will benefit many projects, including ours.

I think this parallel processing is what is going to make or break EOS.  There is no scam in regards to the EOS token, not launching the blockchain and leaving it up to the community to do so.


Since I was banned from their chat by Dan for discussing this, I'll just post it here.

https://image.ibb.co/esbsaF/eos_transfer.png

Do you have any proof they are buying EOS and not other coins, or USD? They say they will not perform any share buybacks and if they did I think it would be pretty much impossible for them to hide and they would be pretty much screwed pretty fast.
There are a lot of suspicious deals happening with EOS. For example this is from HitBTC
https://i.imgur.com/o4BIJvz.png

Check ask and bid amounts and how big trades are.



Hmm


from what i understood, you have to own EOS tokens on the EOS platform to have access to bandwidth proportional to your holdings.

A delegated POS also implies takers have to hold EOS

i also understood EOS is targeted enterprise use

If a large company, say Facebook, or Microsoft, wanted to use EOS for *some* unimagined application, they would have to buy and hold EOS to participate in the network.

I think this is one way EOS token will gain value.

As soon as one company announces it is building on EOS, token price might go up.

Please correct me if Im wrong.

OR

add more information

 
No answers for any of the tough questions which are key questions to be answered.

Lots of people who want to believe though. All their faith in one man basically, as I read things, which leads to another huge red flag: a single point of failure.

This doesn’t look good to me, and that’s coming from a huge fan of both BTS and STEEM.

Hoping to see adult handling of these challenges I’m pointing out.


BTW, where can I find a copy of the purchase agreement?
102  Alternate cryptocurrencies / Altcoin Discussion / Re: EOS - Asynchronous Smart Contract Platform - (Dan Larimer of Bitshares/Steem) on: September 03, 2017, 06:36:45 PM


I'm more than slightly surprised. A basic Google search for "bitcointalk eos" brings back a lot of very negative results.

https://bitcointalk.org/index.php?topic=2000232.0
https://bitcointalk.org/index.php?topic=1990419.0
https://bitcointalk.org/index.php?topic=1960861.0
https://www.reddit.com/r/ethereum/comments/6k693g/eos_scam/

People seem especially concerned with the massive amounts of money involved.


Anyone care to address these issues here on Bitcoin Forum?

Edit: Or have they been already and I just haven't read it yet?

Forgive me my bluntness - I'm somewhat flabbergasted.
103  Alternate cryptocurrencies / Altcoin Discussion / Re: EOS ICO SCAM 👺👺👺 Wow! Can you believe this? 👺👺👺 on: September 03, 2017, 06:18:39 PM
EOS does sound interesting and I heard Dan make some good points when shilling for EOS.

But what i don't get is why would people buy EOS tokens today?
They won't be used on the anticipated future EOS blockchain, and i didn't see anything in the whitepaper about awarding equal value.



I think the answer to that question depends on your interpretation of FAQ 21 on their website.


21. When will I receive native cryptographic tokens on the EOS Platform?

As mentioned above, EOS Tokens will become fixed (non-transferable) on the Ethereum blockchain within 23 hours after the end of the final EOS Token distribution period which will occur on June 1, 2018 at 22:59:59 UTC. At this point the EOS Token distribution process will be complete and any person who wishes to launch an EOS Platform adopting the EOS.IO Software will be able to generate a JSON file mapping EOS public keys to the fixed balances of the EOS Tokens from the state of the Ethereum blockchain.

The EOS.IO Software is built such that any EOS Platform that adopts the EOS.IO Software will require approval of holders of not less than 15% of the total issued and outstanding EOS Tokens before tokens on such blockchain (the “Blockchain Tokens”) can be transferred. In other words, if the EOS.IO Software is adopted, it will be the responsibility of holders holding at least 15% of the issued and outstanding EOS Tokens to adopt one or more blockchains in order for Blockchain Tokens received on such blockchains to be transferrable.

As block.one will not configure and/or launch any EOS Platform, block.one will have no control over when, how or whether the EOS.IO Software is adopted or implemented, or how, when or whether the EOS Platform is launched. As such, you should not expect and there is no guarantee that you will receive any other cryptographic tokens or digital assets now or in the future.

https://eos.io/faq.html
104  Economy / Trading Discussion / Re: Turn $10,000 into 1 Million on: September 03, 2017, 12:24:58 PM
Some great picks, I'd probably drop STEEM.

That LTC pump did you wonders!  Cheesy


Selling STEEM? Are you nuts?
105  Economy / Trading Discussion / Re: Turn $10,000 into 1 Million on: September 03, 2017, 09:49:25 AM


Dreaded updating this today.  Wink


https://i.imgur.com/EKYMAiS.jpg


Currently Weightings:

LTC 35.40%
BTC 23.46%
BTS 11.45%
SYS 10.90%
STEEM 9.23%
NLG 6.01%
PIVX 3.13%
XMG 0.42% (the only one of the bunch up yesterday)
106  Economy / Trading Discussion / Re: Turn $10,000 into 1 Million on: September 02, 2017, 09:17:42 PM
Hey HR, any thoughts on BTS and SYS? They have been in your portfolio for a while. I thought both were going to break higher before the whole market dumped last night. Do you have a longer term view for these two?
About Syscoin, I think this coin do have future and dump to the hell is possible.
I remember devs of Syscoin are give up it and do not work in a time, maybe until today.

https://twitter.com/HR_DGB/status/904072453294624768
107  Economy / Trading Discussion / Re: Turn $10,000 into 1 Million on: September 02, 2017, 09:16:34 PM


https://twitter.com/HR_DGB/status/904089827964063744
108  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ⚒ Syscoin -Active Lightning Networks!Decentralized Business Blockchain Platform! on: September 02, 2017, 08:46:53 PM


Hear, hear! Excellent work. Fantastic job.

Tweeted to my 4 followers.

Cheers!

https://twitter.com/HR_DGB/status/904072453294624768
109  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] on: September 02, 2017, 05:45:58 PM


Saturday afternoon, relaxing with a good beer, and asking myself: why not just junk the POW?
110  Economy / Trading Discussion / Re: Turn $10,000 into 1 Million on: September 02, 2017, 10:28:32 AM
Finally started swapping most of my charts to BTC pairings. Totally makes me rethink my future positions.

Feeling way less inclined to take profits off LTC, for instance. Doesn't look like it's flirted with the 0.02 resistance yet (for what that's worth). Riding the upper BBand (1D) but doesn't really freak me out. It's way up in USD, but it's only (only?? the greed) up 80% from its August low in BTC terms. USD tells me sell, BTC says let it ride. Don't screw with a good thing.

I could also rebalance a small amount, but it feels backwards putting higher-grade assets into spec assets at this point (most of my spec-class is meh right now--all the "good" coins in my portfolio are what's running hot). Shouldn't balancing ideally be the other way around? I'd prefer to use new fiat or maybe skim off a small BTC position to feed little 1-2% spec stuff. At the same time, I can't force the markets to match my price opinions.

More importantly though, does all of the above seem like sound reasoning in the general, TA sense (i.e. ignore the hodl/bank LTC angle)?

Also interesting that the latest LTC 0.02 (almost ATH) point was when BTC was tanking in July. Interesting hedge.

As always, tremendously appreciate all of your work keeping up with this thread. Smiley

Yeah, all that sounds very reasonable to me.

As things stand today, I'm not selling any LTC until it gets into the $150-$200 area. I say as things stand because things could change and cause me to reevaluate. That's tough for me to say in any event since the .02 resistance at today's BTC prices is roughly $100, and both are going to be big psychological barriers. For me, it'll all depend on how BTC is doing. If it starts showing signs of topping, I'll get much more aggressive with my selling everything (converting to USD equivalents). If it continues to cruise higher, as it very well might, then I'll hang tight.

It's very tempting to add a bit to the specs. I'm not doing it, but, as I say, it's very tempting. If you think BTC is going to move higher, it could be a good move since many of these good Alts do move higher towards the end of a BTC move - they're laggards that can double, triple, quadruple in a couple of days, but if we don't get that icing on the cake, you'd better be ready to liquidate. On the other hand, if your higher grade coins are doing well, and not getting way out of line still in portfolio percentage terms, why take the risk? Let your profits run, especially if they're good coins doing well, but, again, be faithful to your rebalancing guidelines. Nevertheless, once you have decided to rebalance, you'll still have the decision to make as to whether it'll be liquidating into a USD equivalent or nibbling on those more speculative assets.   Undecided

Having used the liquidate word, to be sure, I won't be liquidating LTC. As I've said before, I don't plan on letting it go below 25% of the portfolio simply, as you mentioned, because it also works as a nice hedge . . . until it doesn't. Wink  I will be taking the rest of the portfolio into USD equivalents. Before or after playing one or two spec positions? We'll have to see what develops before I can answer that, but I don't think it's very likely I will: I am already starting to get very protective.



https://i.imgur.com/l3r1cI1.jpg
111  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Litecoin - a lite version of Bitcoin. Launched! on: September 01, 2017, 03:53:57 PM



https://i.imgur.com/1vdUgEc.jpg
112  Economy / Trading Discussion / Re: Turn $10,000 into 1 Million on: September 01, 2017, 03:17:10 PM


So far today I've sold 4 lots of 128 PIVX for .000793, .000848, .000881 and .00093.  As you can see, those are modest prices since they correspond to short term trading positions and a not intermediate term swing positions.

In order not to unnecessarily clutter the thread, I will update here if I have any more sales today.

. . . I'm really hoping that SYS will begin to do something . . .
113  Economy / Trading Discussion / Re: Turn $10,000 into 1 Million on: September 01, 2017, 06:57:06 AM

Lots of great replies and comments. I’ll try to answer in general as generally as I can. Wink

Yeah, I think it’s very possible, and as well as being a personal challenge, it’s also something that can be easily shared without reservation as I think it’s practically impossible to lose money if you’re willing and able to hold for as long as you have to if needed. From that group of 7 you might have one or two “disappointments”, but things have got to really go wrong for you to lose money. It’s the biggest no brainer I’ve ever seen in my life. Easy for me to say having been around since 2014. Easy for anyone whose been around since the early days to say the same. That having been said, it’s not so obvious to the newcomer, who’s starting at a much higher buy price and has much less knowledge. Those of us who’ve been around know that crypto is here to stay and that the winners are going to be worth a lot more than they are now. The key rests with your crypto picking capabilities, and why not share your conclusions with others? If you’re so sure about them for yourself, why not openly share them? Even at the risk of sounding like a shill! It’s in all of our interests to hang on to our winnings until we get fair value, isn’t it? One of the best things we can do is share our knowledge about that and work together to that end. There’s a reason why early adopters are handsomely rewarded: they invested their time, knowledge and money early on. The idea is to sell at fair value . . . after, of course, identifying the winners that will make it there. Yes, I think it’s very possible, and I hope there are as many of us peons as possible who do it!

Some of the more technical aspects: I think the potential is there in this portfolio for a 100x gain. No doubt in my mind that the reasonable prospect is there, and “dead” coins, third tier coins, not even 2nd tier coins are necessary in order to find these prospects. 100x gains with 1st tier crypto. That’s the amazing part about this! See this other thread for more thoughts of mine on this subject: https://bitcointalk.org/index.php?topic=1925617.0

With regards to other possibilities: that’s why I invite everyone to participate, so you can put your suggestions out there too. I would only suggest that you try to stay with the basic criteria being used: high potential value crypto already performing as projected that is extremely undervalued. Technically LTC isn’t in that category, but the portfolio needs a conservative, yet also relatively undervalued, balance to act as the “bank” and with BTC approaching fair value (that I estimate to be $5,000ish), LTC was chosen for that role (with a 20x conservative appreciation potential, next to BTC, it’s another no brainer – it does everything BTC does, and much more!). And, of course, since I, or any of us, can always be wrong, I also recommend healthy debate.

No time frame is set. Everything risked is risk capital capable of being completely lost.


Thx for your thoroughly compiled statement! Smiley

I fully agree with this!

Thank you so much for reposting this drubas. I really needed to read it again!

It's so easy to get sidetracked. Embarrassed
114  Economy / Trading Discussion / Re: Turn $10,000 into 1 Million on: September 01, 2017, 06:53:58 AM

GRS is running. I've sold 3 more allotments for .0004100, .00004960 and .00006150.

Only have 1/6 of the original buy left.

Good example of a short term scalp that worked out in not too much time (but it was days nonetheless). Hope it's not the beginning of something bigger, but if it is, there will be pullbacks to buy - between you an me though, I'm not holding my breath.  Wink

Made a 45% gain and still have 3000 plus GRS left to [probably] sell on the reaction rally to that really ugly 1 hour candle that just closed. Think I'll set it around .00005300. Nah, going to get greedy and ask .00005500. That'll bring it up to an 80% gain. Nice scalp. Cool

Let's see if I get it.

BTW, if I thought we were in a more bullish environment, I would be going for much more.

Were your sales pre-planned at the .0004100, .00004960 and .00006150 levels? Or did you set it as the rally went along?

Orders always in. Sometimes higher (in bullish environments) and sometimes lower (in bearish environments).  EXCEPT FOR Litecoin. I have no sell orders in for Litecoin.

BTW, early this morning before I woke up, I sold the rest of GRS for .00004820 - the reaction rally I was initially expecting was a piece of crap, so I lowered my offer last night before going to bed and we finally got one, okay, right up to the 50% retrace at 4875ish and then it got sold into . . .
115  Economy / Trading Discussion / Re: Turn $10,000 into 1 Million on: September 01, 2017, 06:48:59 AM
The altcoins market is so new and different from other markets, that thirty years of experience may seem unnecessary to ensure a successful performance in this market. I have been successful as a trader in the Forex market for the last four years, with an average yield of 500% per annum, and in spite of it my experience has been useless in trying to replicate my results in the altcoin market.

By the way, in a well known Forex forum, someone was able to achieve a fantastic challenge of converting $ 1,000 into a million, and did so in just two weeks, so it is perfectly possible to achieve a million with $ 10,000 (by the way, this fantastic trader was unable to enjoy his winnings as a series of bad decisions led him to lose his million dollars over the next week).  Grin

Tell me about your experience in Forex. Was is your job? Were you on your own? Etc. Maybe I can give you some tips. There really isn't much difference once you take off the pips hat and put on your sat cap. Seriously, If you can read a chart, I'm sure I can help.

With regards to the forum member who made a million and lost it: here there's zero leverage - 100% equity. He was most likely playing with at least 100:1. Probably one of those broker promotional contests?
116  Economy / Trading Discussion / Re: Turn $10,000 into 1 Million on: August 31, 2017, 08:00:28 PM
Okay, so it’s a semantic thing, so instead of “innovation” let’s just say “doing something” and then add “positive” to the phrase so as to differentiate between insider bickering that leads to aggressive renegade forks bent on the destruction of the original and something else like the original dev coming back to commit full-time after having done one hell of a job helping to take Coinbase worldwide.  Grin  Those are a couple of representative examples that highlight the huge differences in the images being projected to the world. LTC looks like it’s moving forward in a positive, progressive manner while BTC looks like it’s becoming a dinosaur that can’t get out of its own way. Innovation, implementation, whatever the wording, let’s talk about who’s deliberately moving forward and who’s fighting progress all along the way. And it’s not for safety’s sake, because LTC is just as safe, if not safer. What’s the figure? Chinese miners make up over 70% of BTC’s hash power? Have you thought about what would happen if for some reason one of those miners went down? How long would the blockchain be frozen for? Okay, I know there’s similar hashrate concentration in LTC, but how would you answer the same question about how long the blockchain would be down if one of the LTC major miners went offline? Very different answers due to the different code bases. Where would you want your money to be if that happened?


These kinds of stuff can't happen to LTC because LTC's market cap is not big enough. It is nothing compared to what BTC has.

Those bad actors, bad miners, scam artists are all aiming to take control of  Bitcoin's network. Because $70B+ is on the line. It is the mega prize!

I already told you in my message above, LTC has a smaller community/market cap that's why things are going more smoothly. Once LTC has the trading volume/market cap of BTC,  LTC is going to experience every single problem BTC is having now.

That's why I called LTC as "BTC's testnet."

LTC does and can and will do everything BTC does, but on a smaller scale. That's why its growth will be always inferior to Bitcoin's after some point. And LTC will always have serious competitors because they don't do anything original or anything bitcoin can't do so LTC may lose its testnet position at anytime!


This is a very good primer that basically agrees with you guys and is the kind of analysis that objective decision making requires. Emotion needs to be removed from the context as much as humanly possible, and that’s a responsibility we all share.

We’ve shared our perceptions on the matter. I don’t have a problem with our big brother Bitcoin. Many have speculated that BTC will be the ultimate safe haven and LTC real use coin. Who knows at this point? It’s really a moot point for this thread anyway since the goal here is to find undervalued prospects, and we can hardly say BTC is currently undervalued, can we.

What really matters here is that there really isn’t that much separating them in real life while there’s still a huge 16:1 spread in their price (still, at today’s prices).

That spread will close, partly with BTC coming down, and partly with LTC moving higher. Where will the surprise be? I’ll continue to stick with playing the BTC-LTC spread from the LTC long side for now, and also insist on quality content as well. Wink
117  Economy / Trading Discussion / Re: Turn $10,000 into 1 Million on: August 31, 2017, 04:32:12 PM
That’s actually a great thing to do, but its not an easy thing, it is a gradual process, you have to have the mind and soul of an investor, turning $10,000 to $1million is not an easy task and it would not happen overnight, it is a gradual thing so you should know that.

Couldn't have said it better myself. Little by little and using all the brain power you've got! Smiley


Now that you've got me on the subject I'd like to reiterate what you just said: nobody ever said it would be easy - in fact it's a daunting task. I've been trading and investing for over 30 years, and I can vouch for the fact that the learning curve is extremely steep. Nevertheless, everyone has to start somewhere, and with the once in a lifetime opportunity that crypto is offering us, I just want to instigate a more collaborative environment where those of us with more knowledge help not just each other, but the newcomer as well. There's no need for greed here. We don't have to be at each other's throats trying to unload to "noob bagholders". There's way more than enough to go around - so much so that those of us with knowledge and experience can afford to be generous [for once].

But newbies be forewarned, you'll need to do your part too. There's no such thing as a free ride. Be patient and diligent, and start researching and getting up to speed, and you'll make a lot of money in the coming years - even if you only buy good names (at the right time) and hold until you retire.
118  Economy / Trading Discussion / Re: Turn $10,000 into 1 Million on: August 31, 2017, 04:14:50 PM

GRS is running. I've sold 3 more allotments for .0004100, .00004960 and .00006150.

Only have 1/6 of the original buy left.

Good example of a short term scalp that worked out in not too much time (but it was days nonetheless). Hope it's not the beginning of something bigger, but if it is, there will be pullbacks to buy - between you an me though, I'm not holding my breath.  Wink

Made a 45% gain and still have 3000 plus GRS left to [probably] sell on the reaction rally to that really ugly 1 hour candle that just closed. Think I'll set it around .00005300. Nah, going to get greedy and ask .00005500. That'll bring it up to an 80% gain. Nice scalp. Cool

Let's see if I get it.

BTW, if I thought we were in a more bullish environment, I would be going for much more.
119  Economy / Trading Discussion / Re: Turn $10,000 into 1 Million on: August 31, 2017, 03:52:46 PM
Hi HR!

I've followed the thread from the beginning, but then haven't been on bitcoin talk for a while. Now I came here mainly to see how you've been doing and was pleasantly surprised of how well you got over the correction in July.
 
Anyway - the main reason I'm reading is to learn from you and so details on your strategies are gold nuggets for me. I have some questions regarding your post on August 28th.
 
Quote
As mentioned before in this thread, the rules for more “investment grade” stuff (what I don’t care to become a bagholder with) in a bear market are to limit them to a 5% swing position [...]

OK, let's slow down a [Suspicious link removed] position" - do you mean that in the sense of time? I.e. that in swing trading you trade for days, weeks or even longer vs day trading, which usually happens within a day. If so - isn't all your positions swing positions? I understood that you don't do daytrading?
 
Quote
[...] that can also have a 2.5% trading amount added to it

Is this for more speculative trades? Can you give an example of how you had swing position and then trading position for some currency?
 
Quote
I’ve got us in an intermediate term upswing at present though, so those figures are now doubled.

Do you mean that by your calculations we're in bear market, but in upswing, therefore you adjust your bear market rules to allow double of those limits?

Quote
Whenever they get to 30% portfolio percentages, they get “rebalanced”.

Hmm.. why 30%? If you allow 5% for swing position + 2.5% for trading position and then double it, it's 15%?

Also - why do you think we're in a bear market now? In think we could see a nice run until we get closer to November.

Quote
I had all my fiat equivalent in SBD, not USDT.

This is probably a total noob question, by why are they better than just USD?

Thanks!



Hi andrisz, I've answered your questions below.

1) Swing trading: http://www.investopedia.com/terms/s/swingtrading.asp I’d say it could be a bit longer than just a few days though. For me it’s more about targets than time. Swing trades have targets that are higher, something that usually translates into more time. A scalp is a scalp regardless of how much time it takes because I’m looking for a much smaller move, yes, hopefully in a shorter period of time, but if it takes longer, it takes longer. I don’t do day trading, but if my sell goes off 5 minutes after I buy, I don’t complain. Whereas with a larger move, a swing trade that is good for a much bigger gain, I’m originally thinking longer term, but if it comes tomorrow, that’s the way it is. In my view the main difference is the objective you’re shooting for, the difference between accumulation with larger mark up possibilities, and looking to jump on a short term pop.

2) Yes. Swing position + scalp position. Examples here in this thread.

3) Yes.

4) 15% would be the investment max, 30% would be a profit growth mark, but it’s not set in stone; it’s a guideline – something to seriously consider. The idea is to be able to let profits run. If you don’t do that, then you’re going to have serious problems seeing any real growth, and with the severe risk management restrictions I already have in place, we’d really be limiting things to compound interest equivalents if we were to keep balancing anything close to original investment size.

As for "bear market rules", did you look at the second graphic (1st set of charts) I mentioned to ltcdude yesterday? https://bitcointalk.org/index.php?topic=1936239.msg20841065#msg20841065 What does that look like to you? Alts have been struggling since the beginning of June. Yes there have been some Alts that have risen substantially, but they are a lot fewer than in the spring. The overall Alt market cap has risen to significant new all time highs in USD terms, but it has got a lot more selective, and in BTC terms, I think we’d be hard pressed to find an Alt that has gone to new highs (LSK is one that I can think of off the top of my head, but, well, after taking a quick look, I see that XMR has too). And with BTC getting pretty heady, I’m cautious. That’s why I’m generally operating under bear market rules with a very short term “suspension” of those rules while BTC runs higher. Also, one small detail to note: operating under bear market rules does not necessarily mean that we’re in a bear market. In fact, I’ve never said we’re in a bear market – it was a correction, sideways for BTC more or less, and a bigger drawdown for most Alts, and bear market rules were well applied. That having been said, I do think that a bona fide bear market is not too far down the road.

5) With USD you’ve got tax implications to contemplate that can set you back almost as much as simply holding to the bottom of the bear.
120  Economy / Trading Discussion / Re: Turn $10,000 into 1 Million on: August 31, 2017, 03:44:08 PM
LTC beat BTC to SegWit implementation, period. That's more innovated by my book. Remember all the talk about BTC watching to see how it worked out for the rest? LTC was one of BTC's guinea pigs? I don't want to get into a shouting match over this, we've all got our opinions, so maybe I should ask you to start by telling us how BTC is more innovative than LTC (which was the comparison). Here's something else that represents the general trend though which I think clearly puts LTC front of BTC in terms of innovation: https://twitter.com/SatoshiLite/status/902631298073747456

So GRS, SYS, Monacoin, Digibyte and Vertcoin beat LTC to SegWit implementation. Being first on something that the BTC core team developed isnt innovative. Innovation is the team that created the tech by my book. I am just expressing my opinion here. Do you know that Litecoin didnt create ANYTHING innovative? Everything they got is from BTC devs. Opendime first had BTC support. All the good stuff (think: LN, Confidential transactions, MAST, just anything come from BTC devs and not LTC devs). LTC devs doesnt make ln wallet, they instead ask existing btc ln devs to support ltc also.
Where the SYS, MONA, VIA, GRS, VTC devs forked existing ln project to create it themselves, something that LTC devs can't do.

Don't think I even insinuated that LTC has the best development, and I disagree with your top notch development candidates, which I would give to BTS and STEEM hands down, with SYS coming in second. NLG and GRS certainly have good devs doing good things, but my opinion has them running a distant 3rd or 4th, or maybe even 5th and 6th.

My assesment of top notch development comes from watching their respective github. One can see how many projects there are, how many people are working on them, how often they work on them. SYS had to even hardfork to activate segwit, their softfork failed: not topnotch.

GPU only mining makes it one of the few truly available to the masses, as I said above. It's zero handicapped for the average person. That could turn out to be huge. We'll have to wait and see.

I think VTC is more decentralised compared to GRS. The strongest power of GRS is their many projects. They got many wallets and they all work. No other coin has so many wallets. VTC is asic resistant, real decentralised.

Okay, so it’s a semantic thing, so instead of “innovation” let’s just say “doing something” and then add “positive” to the phrase so as to differentiate between insider bickering that leads to aggressive renegade forks bent on the destruction of the original and something else like the original dev coming back to commit full-time after having done one hell of a job helping to take Coinbase worldwide.  Grin  Those are a couple of representative examples that highlight the huge differences in the images being projected to the world. LTC looks like it’s moving forward in a positive, progressive manner while BTC looks like it’s becoming a dinosaur that can’t get out of its own way. Innovation, implementation, whatever the wording, let’s talk about who’s deliberately moving forward and who’s fighting progress all along the way. And it’s not for safety’s sake, because LTC is just as safe, if not safer. What’s the figure? Chinese miners make up over 70% of BTC’s hash power? Have you thought about what would happen if for some reason one of those miners went down? How long would the blockchain be frozen for? Okay, I know there’s similar hashrate concentration in LTC, but how would you answer the same question about how long the blockchain would be down if one of the LTC major miners went offline? Very different answers due to the different code bases. Where would you want your money to be if that happened?

In any event, that’s all quite subjective, and we can continue ad infinitum arguing our own opinions, but when it comes to categorical claims regarding objective facts, it would help if you could give concrete reasons for your claims.

As far as the difference between the Core wallets of the different Alts you mention, how is LTC Core any different? Let’s just compare with the GRS Core, for example. I don’t see the difference in the Core wallets. Even the copyrights are the same. I’m not sure about how you get that VTC is more decentralized than GRS either. Could you explain with reasons and examples why you think this to be true? It’s not like I’m not open to debate, it’s just that I need to know what you’re basing your claims on before being able to debate.

I’m all ears, and there’s no rush. I’m open to learning. I would be very grateful if you take the time to outline in detail the different claims you’re making. Perhaps we might go one issue at a time?

BTW, you do have me reevaluating VTC.
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