What dumb fuck still uses SMS 2FA? IDK, but even 3rd party open source authentication software like GA isn't 100% safe. Recently i reactivated an old coinbase account and switched from SMS2FA to GA2FA, but in the long run, i'll switch to a hardware-key based solution. Maybe my ledger nano can be of some use there, but i don't like to rely on a single device for all crypto-related key storage. Google authenticator BLOWS, that thing is a piece of shit and you don't have a recovery seed anymore. I thought that you get 10 recovery seeds (or something like that when you sign up), and you can create more recovery seeds, as long as you still have access to GA. So, sure you need to make sure that you have recovery seeds, otherwise, if you lose your device then you might have many difficulties regaining access to GA.... In other words, there has to be a way to recover your access to you GA in the even that you lose your device, AmiNOTrite?
IDK, but even 3rd party open source authentication software like GA isn't 100% safe.
Recently i reactivated an old coinbase account and switched from SMS2FA to GA2FA, but in the long run, i'll switch to a hardware-key based solution.
Maybe my ledger nano can be of some use there, but i don't like to rely on a single device for all crypto-related key storage.
Google authenticator BLOWS, that thing is a piece of shit and you don't have a recovery seed anymore. I only use GA for 2FA, recovery keys (written down) for restore at the exchange if the (smartphone) device fails. BTC are transferred to a cold wallet whenever it's more than 0.1 (or 0.01, 0.001 and so on in the future) and for selling small amounts (also future, only maybe) But i'll sure move on to a better solution. Yeah you can do backups for 10 times for the one issuer, I guess that's good for a device failing, it's a shitty setup though, I guess it's okay. Probably better to use a freshly wiped or a fresh cheap phone with only Google Auth on it that stays in a safe place. That's what I'll do and have backups for security. Like I mentioned above, I am pretty sure that you can get more of the 10 seed back up codes in the event that you lost the codes or used them up or whatever... that is so long as you still have access to GA..... If you have lost access to GA and to the codes, then you are likely more screwed in that kind of situation. I have not done reissued new codes, but it seems like an obvious feature for those who still have access to GA or who may NOT remember where they put the codes that had already been issued to them at the time of signing-up. |
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With the way things are moving, its anyones guess on which route bitcoin might take and depending on what stimulates the market I foresee BTC taking any one of these routes.  Thanks for narrowing down the possibilities.  |
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^ yeah account is already tagged and i agree with you but i felt that i should mention here as well because he hangs out here and his account can use couple of red trust from WO members too along with other community members.
he's in contact with exchange, just talked with him offline and he mentioned that his funds are safe.
The headache of sorting through forum accounts and emails and things like that is much better than losing funds, but sometimes you might think that your funds are safe and they are not... so I am not always sure how to resolve that. For example, I recall that as soon as my sim was ported in early 2017, I had received an email from bitstamp saying that my password had been reset. I immediately hit the reply button that said "this is not me." but they still got the funds. I actually did not freeze some of my other accounts right away, but I got lucky to save some funds from some accounts in spite of my slowness. Regarding persistence of hackers, those fucks can frequently continue to try over and over and over through various means, which seemed to have happened to me for a while after I had been in the process of securing various accounts. Kenzawak may have some of those same issues if he has a compromised e-mail and then if they are able to get into a few accounts, then it seems that some more extensive security measures might be prudent to pursue... anyhow, hopefully, a lot of this is able to be sorted out with Kenzawak being able to get his various accounts back and to increase security. Actually, I recall that it took several months for me to regain access to some of my accounts, and then they wanted me to make sure that I jumped through a variety of extra security measures before they would return me access to my account(s). There are other details, too, but sometimes it might not be prudent to get into too many specifics in public either about what measures have been taken or even what the vulnerabilities might have been if it might remain a bit uncertain if some of the holes have been decently patched. |
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Won't admins lock the account fairly quickly if they either see evidence of questionable activity or maybe if the account has been reported as hacked?
I think they do this, but only admin and Cryptios team have the power to lock an account IMO. So, I think kenzawak could send a PM to them requesting so. That is what happened to me on one of an occasion in late 2016 when Cyrus had noticed that my account had been compromised ...
User should be a famous member like you, I guess to get this special treatment.  Good to know you got it back then as they were like dark days for account recovery if you see, it works more faster now. I put that Cryptios thread on watch.. .I had remembered that some kind of team had been created by the forum or a contract or whatever, so hopefully kenzawak is able to report to that team. I know that during hacking times, there can be a bit of upheaval regarding what to do first, especially since it appears that some of kenzawak's BTC (or crypto) accounts have been hacked too, and probably the finances would take some priority if there is any way to prevent the loss of funds. Regarding my ability to get my account back when I was hacked in late 2016, it actually went pretty quick (like less than a week) because of the way that my account had been identified or brought to Cyrus's attention. And, regarding my level of fame, I thought that I was not very famous back in 2016, including that Cyrus had not interacted with me regarding other matters. By the way, I had messed up about a couple months after my hack , so later in 2016, I had accidentally locked myself out of my account in the way that I had attempted to reset my password. So, on that occasion (second loss of my account), it took about a month to get access to my account back, purely due to my own short-sighted mistake... which reset of my account was communicated to me by theymos directly..... so fame, which still was not even too high for me then, still caused me to have to wait for that period of time, while it seemed that I was begging on a fairly regular basis to get my account back for the whole duration of my waiting... By the way, I think that my level of fame, to the extent that it arguably exists, went up when theymos appointed me as a merit source in early 2018, so blame theymos for the monster that he had a hand in creating (or at least exacerbated a pre-existing condition (monster status) that was within me).  |
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Won't admins lock the account fairly quickly if they either see evidence of questionable activity or maybe if the account has been reported as hacked? That is what happened to me on one of an occasion in late 2016 when Cyrus had noticed that my account had been compromised ... |
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Good morning @ $9.469.
Signs of recovery (before the next dump?)
Anyone else going to Bitcoin's funeral today?
I am just planning to buy BTC if it keeps going lower in fairly regular intervals (hate to give away all of my specific secrets).. and hoping (praying) for the best in terms of a bounce and then perhaps more convincingly an actual reversal of this so we can return to enjoying more UP, as well as planning our filthy rich futures, anticipating that outcome is still in the futures of HODLers and ACCUMULATors. |
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Kenzy got hacked again!! already tagged the account, you guys should do the same if you want.
I see there are a few red tags there already on his trust tab... Is there any purpose to add more red tags, when the account has already been highlighted as a hacked account? I hope that his BTC are safe.. and also that he gets back his forum account in an expedited timeframe. Each of us should be taking measures (and sometimes even extra measures) to protect our forum accounts, and I am not sure if his opsec is not secure.. I remember some recent discussion in this thread on the topic of his opsec, and he had claimed to had been taking some decent measures, so sometimes it can be difficult to know what kinds of additional measures might be necessary in his particular situation, especially if it is like you say that if his account had gotten hacked a second time.. so if there was some continued vulnerability that had not really gotten sufficiently plugged up? Sometimes we also have to take some decent security measures in our lives such as password managers or 2 factor authentication on some of our e-mail accounts. I believe that some folks had suggested that some kind of additional 2 factor authentication should be added to this forum, too... and I don't claim to know exactly what measures would be helpful for this forum, specifically.. Anyone? I had only been hacked into one time, but I had also lost access once due to my own making a mistake in how I had attempted to reset my password in a way that caused my account to get automatically locked. Edit: Oh fuck... looks like he is having some real issues, and some of his bitcoin accounts hacked, too.. fuck.. . https://bitcointalk.org/index.php?topic=5165936.msg51850222#msg51850222real problems can come when your exchange accounts are hacked too... Frequently, hackers need a couple of forms of identification, and sometimes an e-mail might be enough, but then there can be phone security issues, too... or even issues with 2 factor such as google authenticator or authy.. or even passwords saved in google chrome and stuff like that.. so fuck fuck fuck... I went through some of that too... and devil could be in the details regarding how the hackers get some of the information to be able to hack and then are able to reset other aspects of the information and passwords and they work as a team, too.. so accounts can get hacked very fast and frequently any value removed relatively fast, as well... not reversible if they actually are able to make withdrawals of crypto, whether bitcoin or otherwise.. .. and sometimes if withdrawals are frozen by the exchange, they might be able to engage in trading activity on the account that quickly depletes the value of the account.. and I supposed that there are ways that they could profit from merely trading too, if they are on the other side of such trades in some illiquid coin or something like that. |
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Most Recent Death:
July 15, 2019 – Bitcoin buyers are only fooling themselves – again
Yes... but this is the "real" ded this time. Do I need to spell it for you? This time is different. Get a grip.  Yes, confirmed, this time its officially dead. RIP BTC the next 40-ish hours (or could it be longer?) are critical to figure out if we get a bounce or whether we can stay above $9k.. then if we do not stay above $9k, what is next? Is $8k pretty much open for grabs? meaning is there going to be any support there? I could not imagine getting below $7,500 without some kind of a bounce. Would this be the second leg of the overall correction from $13,880? or is anybody attempting to count legs, besides me? Usually we would not get more than three downward legs in order to maintain a bull market... but I remain uncertain about what to call this phase of our correction, besides "concerning." Well my buy order just above $9,200 has NOT filled yet. I won't be disappointed if that buy order does not fill, but currently, I am thinking that the odds for it filling in the next 40- hours are greater than 50% maybe even close to 60%, and also I am thinking that there is an close to 60% that my buy order just above $9k will fill too. I hate to call too many odds for down or to get too smug about down, and I don't even know the reason for this debbie downer... except perhaps normal correction momentum and just an opportunity for bearwhales to attempt to push the BTC price down as far as they can and for as long as they can (and the vast majority of other cryptos (aka shit coins) seem to be largely paralleling BTC's current price performance) during the congressional attention on "crypto" or whatever congress intends to look into this week in relation to facebook coin and perhaps corollary matters? Bitcoin really affected by this except for short-term opportunism? By the way, frequently when I start talking like this, the bottom is in, but surely no guarantees, that's for sure. and yeah, ivomm, you are not going to catch me changing any of my ongoing buying behavior.. at least until we reach below $7k.. and hopefully sub $7k is not in the near future cards or in the cards to ever be seen again in bitcoin history.... |
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Well well look not even a dead ded cat bounce ...
FTFY.. smartie panties. |
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Is it thursday already?
Stop getting so god damned prematurely excited about the possibility of thursday, Hueristic. Focus ur selfie, focus. We have more important battles right in front of us at this exact moment, including the possible imminent death of bitcoin.... seriously, this time.. I'm becoming far too transparent these days.  Bitcoin has died 370 timeshttps://99bitcoins.com/bitcoin-obituaries/Most Recent Death:
July 15, 2019 – Bitcoin buyers are only fooling themselves – again
Yes... but this is the "real" ded this time. Do I need to spell it for you? This time is different. Get a grip. |
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Well I did my part guys. Bought a whopping 0.1BTC.
That should stop the rot.
Wishful thinking and delusions of grandeur.
Hey.. .do what you can do. I think that several of us might be playing around with those kinds of ongoing small numbers that also can add up to a lot of value in the process of stacking. I recall in about mid-to-late 2015, I was setting up my various buy and sell orders, and even playing around with $5 increments and I could only authorize myself to sell very small amounts, because some of my BTC portfolio had buy amounts that averaged something like $500 which was way more than the then BTC price of about mid $250-ish... so I authorized myself to sell such small amounts that were based on purchases that I had made that were sufficiently below the then BTC price. My then girlfriend would ridicule me on a regular basis that I was wasting my time with such small amounts of selling and then subsequently buying. I kept telling her that it adds up, and really I am practicing and also generating a kind of insurance that is based on several calculations that include the size of my total BTC portfolio and also how much I make on paper when the price goes up .. but in the end, the goal was to both provide downside insurance and to stack sats (even though such "stacking sats" expression was not then in vogue). Yes, and even after my laddered sell/buy apprentiship I kept being careful not to put the stack at risk and also being happy with as I call it, "Dust collecting". After all, it makes 10% or something like that over a year... . What do u mean 10% a year? I don't mean to answer for Ludwig Von, but I believe that I understand what he meant by 10% a year. Ultimately one of the most common occurrences with bitcoin is that it continues to be volatile to both the upside and the downside, so people who ladder trades tend to be able to stack sats, which can rise to the level of increasing the number of your bitcoins in the neighborhood of 10% per year.. assuming a kind of volatility and assuming that when the price goes up and down that you are measuring, more or less from the same price points during time 1 and time 2. Of course, these kinds of measurements might need to be averaged over several years because it could take a few years for bitcoin to return to a price point that it was a few years earlier. Also, if the BTC price goes down, then your value in dollars would likely be higher, but you would also have more BTC, and if the price of BTC goes up you would have more value in dollars because of price appreciation, however, if you engage in a relatively successful laddering, you would have accumulated more BTC overall, since in some manners, you would be attempting to measure your wealth in the amount of BTC that you would be able to accumulate at various price points, even though there remains a bit of a moving target in the measuring, like I already mentioned in terms of how long it might take for BTC prices to return to earlier price points. Now, if you are merely gambling with your BTC stash or trying to spout out that you can make more money by trying to time the market (as you seem to be describing yourself as able to do.. and likely wrongly, because you come off as a fucking FUD spreading bearass troll), then in theory you might be suggesting that you could make way more money, but in practice, the vast majority of normal people have difficulties either timing the market or being able to meaningfully make money by trying to time the market. Laddering can be a more assured mechanism to stack sats, whether you are able to achieve 10% in a year or if you might end up with much more modest results.. depending on some of the systematic ways that the laddering might be set up.. in terms of intervals and/or quantities. Personally, I doubt that I make anything near 10% in a year, and likely my averages would be around 3% to 5% per year depending on how much price movement (especially back and forth) happens during any year and even maybe averaging over several years might give a better kind of overall indication regarding earning performance, consistency of performance or if such laddering might provide some other kind of value beyond mere returns, but instead providing a kind of peace of mind (which tends to be my main reason for doing it) in regards to being better able to deal with what seems to be near inevitable ongoing BTC price volatility. Well gee thanks that’s a really long answer I was hoping for something like: i loan out my Btc at xxx exchange to margin traders 😅 Well your "simplified" perspective did not seem to capture the concept very well, now did it? It's normally a four year cycle, so we aren't in 2017, but we might be rhyming with 2015...
"Normally" It's only been 10 years. It seems obvious based on the monthly trend and broken levels that we're not replaying 2015. The window closed on that a long time ago. The closest parallel here IMO is summer 2016. I been thinking this as well Well, both of you are vague as fuck. There is no real directional aspect of summer 2016 because right at the end of May the BTC price shot above $500, which was largely recovering from a previous price point and then surpassing it, and then by the time we reached August, Bitfinex was discovered to have been "hacked", which caused a major ass correction.. and then a period of uncertainty that lasted a couple of months. So, which part of summer 2016 are you thinking about? If anything, I would suggest early 2016 as an explanatory possibility, even though it is frequently difficult to make any kind of exact parallel because we are at a different point of the river when you get into such river. |
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... but more likely jbreher ...
What The Fuck -- exactly -- are you insinuating, you yammering diarrhea-mouth? y u gett so worked up bout lil ting-il-lieees? Jeez, jbearbreher!! Well, if'n you're going to cast aspersions, you oughta be truthful, and ready to back up your gross invective. Anything less would be uncivilized. Largely, I think that I am fair enough to you, jbreher. No. Your attempt to deflect is forestalled. You are not wiggling out on this. You made a veiled accusation that I was in the employ of the US Government in order to derail any cryptocurrency progress. You tried to say it, while still giving yourself an out should you be called on it. Go fuck yourself, JJG. We agree to disagree. I believe that I am way too nice to you, and you believe that I am a BIG MEANIE. Not a big meanie, but someone who will stoop so low as to intentionally mis-characterize others in order to try to claim some sort of 'victory'. I think that you are reading way the fucking too much into the matter. I have already defended my point more than what is necessary, so in that regard, I stick with my already established assertion... Me = normal and nice guy and not a meanie Jbreher = possible govt agent for a variety of reasons already fairly and sufficiently elaborated (ad nauseam)  What'd I tell you guys
Zero. You told us zero. HaHAHAHJAHAHA gotta agree with you on that part. Can we make up now, jbreher? Sure. I can separate my vehemence in deflecting your lies about me from any sort of other personal interaction. ::mwah!:: Now go fuck yourself. In spite of your very kind words, above, I still believe that your suggested objective ability to mutually hate upon proudhon is overly embedded with disgruntled sentiments in my direction, but whatever, I am not exactly happy with you either, or your various supposed genuine support of bcash variants.. so in that regard, it might be a bit difficult to become too close in the buddy buddy arena when each of us having our reasons to be concerned (or scaredie cat) about dee udder.  Sure. I can separate my vehemence in deflecting your lies about me from any sort of other personal interaction. ::mwah!:: Now go fuck yourself. Is it thursday already? Stop getting so god damned prematurely excited about the possibility of thursday, Hueristic. Focus ur selfie, focus. We have more important battles right in front of us at this exact moment, including the possible imminent death of bitcoin.... seriously, this time.. |
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What does the 2017 vs 2019 one look like now?
Irrelevant. It's normally a four year cycle, so we aren't in 2017, but we might be rhyming with 2015... Not now rhyming with 2015. That one has been broken. It might be good news, but as I said before a few months ago, a too-strong rally at this stage might be bad news for the future. The reason is that exponential rises always trap a lot of late buyers at various levels on the way up, and it often means they are shaken out over a long bear phase. The shape of the chart puts new interim lows back on the map , and could delay any future ATH by some time. I know that I sufficiently make fun of folks for the battle of the fractal, but I would suggest that we are in a kind of correction that seems sufficiently within the parameters of the early 2016 correction after $500.. and thereby, after floating around in this neighborhood, there could be another effort to breach $13,880 in a few months.. but hey, that might be me, and you surely seem to be speculating about a much deeper and longer correction from here, and surely today's action, including our so far inability to recover does seem to support such a possible situation. ...
Of course, if BTC prices were to get into the sub $5k arena, then I am surely going to have to consider whether I need to restructure some of my lower buy orders in order that I do not run out of money for buying... .. sub $5k does seem a bit unlikely but you never know.
There is some good support at 6.4k , so sub 5k is not likely (and at least not until the middle of next year). If it gets under 5K , probably best to not look for a year or two. That would be the return of winter. Hopefully new support levels can be gradually built up in the next month or so. A new support above 7k would be a positive. Time will tell. Sure, fair enough. Without really battling you about numbers, it can be quite difficult to get an assessment while we are still seeming to be in a downward trajectory without any meaningful bounce... I am thinking that surely it is going to take some time to break below $8k to even bring the breaking of $7k into question... but whatever, I would feel a lot better to see whether we get any kind of meaningful recovery or bounce in the next few days and maybe within a week... so otherwise, I likely agree with you that a bounce anywhere above $7k would be bullish, too... even though I don't seem to be as optimistic as you that $7k is so easily reached.. but with the amount of plunge today, even I might start to question myself.. to the extent that any of my predictions matter anyhow, because I tend to follow the same buying on the way down behavior even if my opinion might change a bit regarding likelihood of down or up. |
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Well I did my part guys. Bought a whopping 0.1BTC.
That should stop the rot.
Wishful thinking and delusions of grandeur.
Hey.. .do what you can do. I think that several of us might be playing around with those kinds of ongoing small numbers that also can add up to a lot of value in the process of stacking. I recall in about mid-to-late 2015, I was setting up my various buy and sell orders, and even playing around with $5 increments and I could only authorize myself to sell very small amounts, because some of my BTC portfolio had buy amounts that averaged something like $500 which was way more than the then BTC price of about mid $250-ish... so I authorized myself to sell such small amounts that were based on purchases that I had made that were sufficiently below the then BTC price. My then girlfriend would ridicule me on a regular basis that I was wasting my time with such small amounts of selling and then subsequently buying. I kept telling her that it adds up, and really I am practicing and also generating a kind of insurance that is based on several calculations that include the size of my total BTC portfolio and also how much I make on paper when the price goes up .. but in the end, the goal was to both provide downside insurance and to stack sats (even though such "stacking sats" expression was not then in vogue). Yes, and even after my laddered sell/buy apprentiship I kept being careful not to put the stack at risk and also being happy with as I call it, "Dust collecting". After all, it makes 10% or something like that over a year... . What do u mean 10% a year? I don't mean to answer for Ludwig Von, but I believe that I understand what he meant by 10% a year. Ultimately one of the most common occurrences with bitcoin is that it continues to be volatile to both the upside and the downside, so people who ladder trades tend to be able to stack sats, which can rise to the level of increasing the number of your bitcoins in the neighborhood of 10% per year.. assuming a kind of volatility and assuming that when the price goes up and down that you are measuring, more or less from the same price points during time 1 and time 2. Of course, these kinds of measurements might need to be averaged over several years because it could take a few years for bitcoin to return to a price point that it was a few years earlier. Also, if the BTC price goes down, then your value in dollars would likely be higher, but you would also have more BTC, and if the price of BTC goes up you would have more value in dollars because of price appreciation, however, if you engage in a relatively successful laddering, you would have accumulated more BTC overall, since in some manners, you would be attempting to measure your wealth in the amount of BTC that you would be able to accumulate at various price points, even though there remains a bit of a moving target in the measuring, like I already mentioned in terms of how long it might take for BTC prices to return to earlier price points. Now, if you are merely gambling with your BTC stash or trying to spout out that you can make more money by trying to time the market (as you seem to be describing yourself as able to do.. and likely wrongly, because you come off as a fucking FUD spreading bearass troll), then in theory you might be suggesting that you could make way more money, but in practice, the vast majority of normal people have difficulties either timing the market or being able to meaningfully make money by trying to time the market. Laddering can be a more assured mechanism to stack sats, whether you are able to achieve 10% in a year or if you might end up with much more modest results.. depending on some of the systematic ways that the laddering might be set up.. in terms of intervals and/or quantities. Personally, I doubt that I make anything near 10% in a year, and likely my averages would be around 3% to 5% per year depending on how much price movement (especially back and forth) happens during any year and even maybe averaging over several years might give a better kind of overall indication regarding earning performance, consistency of performance or if such laddering might provide some other kind of value beyond mere returns, but instead providing a kind of peace of mind (which tends to be my main reason for doing it) in regards to being better able to deal with what seems to be near inevitable ongoing BTC price volatility. |
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... but more likely jbreher ...
What The Fuck -- exactly -- are you insinuating, you yammering diarrhea-mouth? y u gett so worked up bout lil ting-il-lieees? Jeez, jbearbreher!! Well, if'n you're going to cast aspersions, you oughta be truthful, and ready to back up your gross invective. Anything less would be uncivilized. Largely, I think that I am fair enough to you, jbreher. No. Your attempt to deflect is forestalled. You are not wiggling out on this. You made a veiled accusation that I was in the employ of the US Government in order to derail any cryptocurrency progress. You tried to say it, while still giving yourself an out should you be called on it. Go fuck yourself, JJG. We agree to disagree. I believe that I am way too nice to you, and you believe that I am a BIG MEANIE. I disagree.  What'd I tell you guys
Zero. You told us zero. HaHAHAHJAHAHA gotta agree with you on that part. Can we make up now, jbreher? |
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An interesting graph of a strange correlation between the drop in btc dominance in 2017 and searches in google: https://www.docdroid.net/dg7lL8W/bitcoin-stealth-phase.pdf#page=4Data suggest Bitcoin will continue to lead the current cryptocurrency industry bull market. When
more public interest starts to pick up, it may be optional to diverse [divest] Bitcoin profits into other cryptocurrencies. Very debatable (at least). I am also curious on whether we would peak somewhere between now and 70ies OR go all the way to 90-95% in dominance. The major alt is faltering both economically and ideologically. In fact, VB recently proposed a strange hybrid of eth with "the fork". My conclusion: eth chain is blowing up in size and there are still years to go before they might even approach a solution. The size is already not manageable for a full node/regular user. Conclusion: the time to divest into current alts is probably never, but i don't dismiss beyond the horizon newcomers yet. On another side note that is more about BTC specifically, Biodom, when we were in the $10k-ish prices, weren't you waiting to buy more BTC in the $6.6k to $9k arena? So perhaps you put off buying some BTC on that particular price swing? How's that portion of your plan that speculates waiting for lower lows playing out? <snip> Still waiting, but I am fine with not buying and just hodling. I suppose that could work. Whatever floats your boat. Surely each of us has to find a kind of balance that makes us comfortable. Sometimes when the price is swinging back and forth, then I get a little irritated in terms of wanting to move my buy/sell orders in order that they will get triggered.. but if the price is moving continuously in one direction, I have no need to worry because a decent amount of orders are getting triggered (in the current price actions, my buy orders are getting sufficiently triggered), so if the price is moving a lot in one direction, sometimes there can be some second guessing about whether it could be prudent to space out the orders more in order to take more advantage of such rapid movement.. .. yet I had gotten burned too many times in the past by trying to play around with my orders in that regard, so I just learned to live with the system that I already established.. and not to stress too much about the intensity of the movement. Of course, if BTC prices were to get into the sub $5k arena, then I am surely going to have to consider whether I need to restructure some of my lower buy orders in order that I do not run out of money for buying... .. sub $5k does seem a bit unlikely but you never know. |
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Well I did my part guys. Bought a whopping 0.1BTC.
That should stop the rot.
Wishful thinking and delusions of grandeur.
Hey.. .do what you can do. I think that several of us might be playing around with those kinds of ongoing small numbers that also can add up to a lot of value in the process of stacking. I recall in about mid-to-late 2015, I was setting up my various buy and sell orders, and even playing around with $5 increments and I could only authorize myself to sell very small amounts, because some of my BTC portfolio had buy amounts that averaged something like $500 which was way more than the then BTC price of about mid $250-ish... so I authorized myself to sell such small amounts that were based on purchases that I had made that were sufficiently below the then BTC price. My then girlfriend would ridicule me on a regular basis that I was wasting my time with such small amounts of selling and then subsequently buying. I kept telling her that it adds up, and really I am practicing and also generating a kind of insurance that is based on several calculations that include the size of my total BTC portfolio and also how much I make on paper when the price goes up .. but in the end, the goal was to both provide downside insurance and to stack sats (even though such "stacking sats" expression was not then in vogue). |
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Btw observing 10700, remember days without those two first numbers like it was yesterday, damn got here fast....
hahahahaaha You talk like you were really into bitcoin in the $700s... Is that true? Weren't you just barely getting into bitcoin in three digits? The reality of the matter is that we did not spend a whole hell of a lot of time in the $700s in 2016-ish Boy, I had my first BTC in the 350-ish zone Still gotte read the rest on my phone now .... O.k... fair enough... but I still would be speculating that it is going to be a bit difficult to get into bitcoin in the $350-ish zone and to be able to front-load... however, with $350, as opposed to $700, there was a considerably decent period of time in which to attempt to buy in that area.. even though probably the price in early 2016 tended to gravitate in the $400 area a lot more frequently during that particular consolidation period. On the other hand, I will concede that both $350 and $500 are kind of important price points in BTC's 2016 history.. and kind of the beginning of the bull market that was kind of then uncertain... especially in early 2016 and the breaking out above $500 in late May of 2016. |
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The 2015 fractal that everyone loves to hate says we are on track. The next 3 months are an excellent time to dollar cost average in. This should be our final round of consolidation at the “bottom” before we start the long slow climb over the next two years. <img snip> For the second time in one day...wishful thinking. The old fractal is dead...long live the NEW fractal. "You cannot step into the same river twice." Heraclitus I love each of you (or should I say "both of you"?), with your ongoing fractal bullshit.  |
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