Are you saying that bounty managers and signature campaign managers are the same thing?  Maybe the kinds of managers overlap in the sense that some managers will take part in managing more than one kind of forum activity, but I thought that bounty managers and signature campaign mangers were the managers of different kinds of activities that were going on in the forum?

I have never engaged in any kinds of bounty hunting, and that seems like a bit of a crazy and money chasing activity to me, so I was considering the activities of signature campaigns to be different from the activities of bounty hunting, for some reason.

I am sure that participation in a signature campaign could go either way, especially if members already feel like the signature campaign does not really change what they were doing anyhow, and at first, it felt to me that I was not really changing very much, but after a while the signature campaigns kind of began to draw me down....

And of course, when BTC prices went shooting way up, I felt less compelled to stack some extra sats (and perhaps not being worth it to me).

When I first started participating in the forum, for a few years, I mostly only participated in the wall observer thread, which has largely been a bitcoin focused thread.  Most of the time, I did not give two shits about the vast majority of other coins or even getting caught up in forum politics, but the longer that any member participates in the forum the more that s/he could get drug into other threads or even some of forum's politics and even learning about who some of the BIG players in forum politics are.

But yeah, the self-ish motive for most of my involvement in this forum has been to mostly concentrate my efforts on sharing information related to bitcoin.

Actually, there may be some members who actually believe that they want to get involved in signature campaigns, partly because until you reach a certain level of rank, you are largely excluded from a vast majority of signature campaigns, yet after you participate in signature campaigns for a while, you might realize, as efialtis was saying in his earlier post, that the signature campaigns might be way more work than they are worth (and sure some of the managers are a bit arrogant and not very gracious with their power.. which yeah starts to feel like a real job rather than a hobby and maybe all for measly peasly amounts of money or that sometimes they are changing their pay rates, too.. which can feel like it is ungrateful to the efforts of the signature campaign participants).

Well at least you guys were able to decode some kind of meaning out of that seemingly encrypted jo-squared message.

I believe that in total, I was a part of 3 signature campaigns, and at first, I thought that it was so great to get paid for activities that I was already doing (posting that is), but after a while, the various hassles did not seem worth it to me, anymore...  I felt that sometimes, I was worrying too much about getting paid properly and sometimes some of the controversy around some signature campaigns or even having to spend some additional time to follow some of the changes in the campaign or restrictions that they might impose regarding posting. The ones that I was in did not tend to have too many quantity posting restrictions, but I have seen that some current signature campaigns have those, too.    But I think that the sum of the matter is that I just did not want anyone second-guessing the contents of appropriateness of any of my posts, and there does tend to be a bit of politics with any contractual relationship like that or even the impression that I might leave as if I am independent in my thinking or not.  

I am not opposed to other members getting involved in signature campaigns because it can be a kind of easy money if you are going to be posting anyhow, then it might just work better for some of the other members as compared with how my own feelings about my involvement evolved.

Good thing that the real Satoshi, while he was still participating in the bitcoin community was able to recognize the need for a limit, and even if such limit was originally considered as a potential temporary situation, the consensus of the bitcoin (that is real bitcoin, helrow?) community has realized that small blocks make a whole hell of a lot of sense in terms of security, decentralization, block propagation and latency and likely a variety of other reasons, including being able to win the forking battle when a bunch of diptwats tried to take over the network by proposing stupid ass BIG blocks that sounded so nice and lovely, but in the end, caused the diptwats to show their true colors as an attempted attack vector to attempt to cause bitcoin to be changeable for the sake of change, which would have likely been the end of bitcoin as the paradigm shifting phenomenon that it has shown itself to be, especially with the winning of the battle of segwit...

Gotta thank the BIG BLOCKERs for giving away that easy win that caused consensus to formulate around segwit and propelled bitcoin into a possible ossification status.  

If you were here right now, BIG BLOCKER picnic bear, I would probably give you, as representative of the BIG BLOCKER nutjobs, a BIG hug.



Gotta love that picnic bear.    


Last time I checked bitcoin was already relevant.  It's been relevant for at least 10 years, and more and more relevant the longer that it exists as a schelling point and the king daddy of cryptos, and largely other crypto engage in a variety of measures to leech off of bitcoin's success, security and solidness as the driving force base layer that also seems to allow the good, bad and ugly of various snake oil imitations to try whatever level of creativity they can muster by physical attacks and propaganda attacks to leech off as much of bitcoin's value as they are able to do.  In the longer run, the value will gravitate more and more into bitcoin, but there is a whole hell of a lot of dumb money out there (especially since we only seem to have less than 1% of the world's adoption) and it could take a long time before some of the dumb money realizes that bitcoin is the long terms value play.

That's a hilarious visual, and you almost going to have to keep all that tonnage on low ground, too.  Just think about the structural costs to change to a higher location.

Might be part of the reason that roach fails / refuses to move out of grandma's basement.  NOT only is he surrounded by difficult to move his gold, he is inundated with tonnage of silver too, which takes up even more space and weight than the gold, in terms of weight per value.

Well if a four word password is "not secure, actually" then what is up with the 12, 18 or 24 seed words used under BIP39?  Those are only a magnitude more difficult than the 4 word seed, right?  Those 12, 18 or 24 seed words do not have any special characters either, and they seem to be from a list of eligible words... like for example words starting with "q" might only have 40 possible words, words starting with "e" might have 120 possible words, and words starting with "s" might have 300 possible words.

Hm?  Maybe you are correct, perhaps? and maybe the employment of such systems might work for some users?  You are suggesting that it is simple, and I know that d_eddie seems to talk about his strategies in the use of those kinds of tools, too.  I suppose I am not opposed about members learning various techniques that might work, and I believe that I tout out basic techniques that don't really use those kinds of tools, so even if those tools might be helpful, they might not be necessary and could cause some members to attempt to put their BTC at risk when they would have been safer by just employing more simple tried and true accumulation strategies such as dollar cost averaging, buying on dips and HODL.

I personally have been suggesting that the next more sophisticated step is to start to sell small amounts on the way up in order to use that money to buy back in the event of a dip.  Using leverage is even a more advanced strategy, which part of my point was to say that it is a bit more advanced, and I think that I continue to remain correct about it being a more advanced strategy than what I am suggesting to be good enough to make some peeps richie... under consistent and persistent strategies to dollar  cost average buy, buy on dips and hodl.. and more sophisticated would be selling small amounts on the way up, after they have largely already reached their baseline accumulation goals.

Some of those signature campaign managers do end up having to filter through a lot of bullshit, but it is likely NOT good to get too personally offended by it.  You are correct that the incentives to join are not going to be too much, but if the signature campaign is paying in bitcoin, and the participant is just continuing to hold his payout, the amount of dollar value can really add up in the future, which will definitely inspire some folks to participate, especially from low income locations.

Pretty much I stopped participating in signature campaigns in early 2018 because I just did not want the ongoing hassle.  I had acquired more than 3 bitcoins in about 2 years from the ones that I was in.. but still, when the BTC price went shooting up, I just began to think that my BTC holdings were way more valuable than trying to chase after more.. so that is kind of a personal choice based on circumstances.

Regarding your other points, there are a lot of good members and helpful threads if you participate long enough then you will see it.  Sometimes it takes a few years to get known by other members, which does help if you frequent certain threads and attempt to interact by not just receiving but providing help to other members from time to time too.. which might not be any skin off your back if you are just sharing your experiences and opinions and writing out your experiential based thoughts.

First of all, Ludwig, before asking you about a few more specifics about the strategy that you are following, if there is a kind of attempt to continuously accumulate bitcoin by injecting more money with a kind of dollar cost averaging approach, there are surely going period of time in which you might question your strategy because your portfolio might either be extremely lowly valued or even in the negative for a decent period of time, and extended down periods are surely going to be the ones that cause you to question why you did not sell and buy back cheaper... which seems to be a bit of a fools errand to try to play that game of trying to figure out when you can sell and buy back cheaper.  In other words, I don't think that way. 

So, then if we ask you about some specifics about what you are doing, then pray tell.

So I gather that you feel that you got burned by gox, and then thereafter you feel like you got in late, because you started back investing in BTC in early 2017.  What part of the formula are you following?  Early stages would likely be most effective to focus on accumulating BTC and attaining enough of a holdings that you feel that you are in a decent spot in terms of the total percentage of your portfolio that is allocated to BTC.  Second portion would be maintaining, which could still involve some injecting of new money but also perhaps could involve selling small amounts on the way up.  I know that some people are leery about selling any BTC until BTC reaches a price that is something like a 50x increase, which makes sense, but I think that it can still be helpful to sell small amounts on price rises, as insurance for price falls and just to cash some out.  It becomes safe to do this as long as your portfolio is profitable.

One thing for me, personally, is that I felt somewhat comfortable once I had acquired a decent amount of bitcoins below $250 to then be able to sell a portion of that stash, even though my average cost per BTC was then in the $500 range, but part of my comfort came from dividing my investment in three portions and I only would sell a small percentage from the portion of my holdings that was profitable.  Once BTC's prices went above $500, then I authorized myself to use the totality of my bitcoins as the measurement for how much I was allowed to sell.  Another part of my becoming comfortable with selling relatively small proportions of my stash at regular increments had come from a sense that I had overinvested.  In one sense I had gone higher than the percentage amount that I had originally authorized, especially based on a long period of down prices (in the mid $200s) in 2015, so during that period, I felt that I had overinvested a bit.   

Another happening that caused me comfort in selling was that my equity had risen sufficiently for me to feel comfortable selling.  I think that in the last year or so, I adjusted some of my thinking on it, but  largely I stick to my system of selling about 1% for every 10% rise as a kind of downside insurance, yet if I want to go above those levels of sales I am more than comfortable if I am selling at least 6x above my costs.  And current prices puts me in the 12x above costs territory.  So I feel pretty comfortable if I were to need to sell more than the regularly scheduled amounts of 1% for every 10% price rise.

Another part of the reason NOT to rush to sell too much, yet, is that I am pretty optimistic about the possibilities of the next 18 months or less, and if some decently BIG price explosion does not happen in the next 18 months, then absent some calamitous event, such as the physical Armageddon that Roach is banking on,  it seems that the odds are pretty decent that we are going to get a BIG price rise in the next 4-5 years as an outside timeframe.

So, for me, I am thinking who gives too many shits about the likely painful subsequent correction that likely comes after the next BTC price rise, because even the correction is likely going to still put us decently above current prices and even quite decently above $20k as the bottom - so even if we don't really know for sure about any of this, the great ongoing asymmetric bet continues, and there are not really any fundamentals that takes away the existence of the continued ongoing asymmetric bet in bitcoin - even if several more short term unexpected negative scenarios end up happening.

So this is my long winded way, Ludwig Von, to ask you for some specifics about what you had been doing and what is your current strategy.  Are you only buying and accumulating or are you engaged in a more complicated approach that involves some selling too?

Remember that Hairy is pretty experience in this arena.. so careful with anyone using any kind of leverage at all.. Usually the use of any kind of leverage magnifies the potential for both losses and gains, and is not easy to use for the vast majority of folks can just get into bitcoin and accumulate BTC with simple dollar cost averaging and buying on dips.. and that should be risky enough because it surely is not guaranteed to go up (even if decent odds, such as being in a bull market, which I agree with hairy about that)... but still bitcoin is an asymmetric bet, so guys and gal can still make a lot of money without employing leveraging strategies.

Yeah, but I think that is what mindrust is doing.  I mean at least that is what I though that he was doing.

Let's say he gets new cash every two weeks or something like that.    He takes part of that cash and he buys more or less right away and then he takes the other part and waits for dips.

I think that the part of the problem is that he is trying to wait with all of the cash instead of buying with some right away, and another part of the problem is that he might be worried bout the cash that he has waiting... but if he does the allocation from the start and buys with part and waits with part, then that should, in theory, settle him down sufficiently in order that he does not have to worry which way the price goes, but I am starting to suspect that he is trying to play with all of the money when it comes in, which thereafter causes him more stress....  Only he would know exactly what he is doing, but he might not realize which part is causing him the stress, besides himself.. hahahahahahaha

Sometimes for certain personality types, no matter what they do they will be stressing about it, after the fact.    

Hahahaha..

You are starting to sound like LFC...

hahahahahah.... I could not resist..

Also, you are going to show that micpeep was right, and you should just invest all your fiat into bitcoin as soon as it comes in.. then you don't need to get worked up about it.  Just write off your investment into btc, as soon as the fiat comes in, buy bitcoin with it... hahahahaha  I don't recommend that kind of an approach, but if you get worked up about what to do with the fiat in your hands, then your doing something wrong... especially because it seems to me that we are in a very good place right now.  

If you remember 2015.. we were stuck in the bottom for a bit more than 8 months.. arguably 10 months.  Surely, I would prefer to be in the $9k or whatever territory rather than bouncing between $3k and $5k for another 5 months which certainly would have been a reasonable price range to bounce around in at this time, too....and maybe we could have spent two years there... and even when we are there, then the bears start getting ideas about pushing the price lower... so this is a much better spot to be, in my not so humble bumble opinion.

Remember that the DCA portion of your funds should not give two shits about price... you just buy on a regular basis with that portion of your funds that is dedicated to DCA.. Of course, you can have a timeframe in which you spend it (like between paychecks or something like that.. I used to allocate on a weekly basis, but there can be some flexibility with those funds too, and surely they are not going to be timed perfectly, either).  

The other portion of your funds that are dedicated to buying on dips, you can just set it and forget it (well not completely forget it, but try NOT to think about it very much and just let the price come to your order prices and adjust them from time to time if you believe that the parameters for BTC price movement might have changed).

I provided you with a hypothetical.  In the hypothetical, I told you that if we supposed that a person has $6k already that s/he is willing to invest into crypto and that same person has a cash flow that allows another $3k to be available for investing in crypto over the next 6 months.  So that is $9k available in the next 6 months with $6k available right away.  Therefore, I already provided you with an investing budget and a tentative investing timeline, and you seem to not understand the concept of having a budget or working within some realistic timelines that start from the present and go a ways into the short term future?



Well, maybe that is about as graceful of an "exit" from you that we could expect.  I thought at least you would provide some kind of investment scenario (or make a meaningful attempt), but whatever, you don't seem to be ready or able to accomplish any kind of semblance of creating an investment plan that could be applicable to newbies that would challenge OPs recommendation(s) in any kind of meaningful way.



No I did not know that.   I know that the presence of manipulation has been asserted and argued to be present for the last nearly 6 years that I have been investing into bitcoin, yet I also have recognized that those kinds of claims about manipulation tend to be overly exaggerated and frequently misinformation, and at best are very incomplete descriptions of bitcoin's market performance dynamics.

Furthermore, You assert BTC manipulation as if it were true and equal to manipulation taking place in other cryptos, which demonstrates your own lack of abilities to understand substantial and material differences that exist in bitcoin as compared with other cryptos which makes some of your recommendations regarding NOT investing or diluting newbie investment away from bitcoin to be questionable at best.  But I am glad that we finally got sorted through a decent amount of that.  Geez.

Surely we are averaging posting in the 15 to 20 pages per day range.  No wonder I can hardly get anything done these days.


I thought that a relatively pure DCA approach would not give two shits about short-term BTC price?  because the presumption underlying a DCA approach is that on a long enough horizon (even as low as 3.5 years in bitcoin) you are likely to be ahead by quite a bit because you continued to regularly invest and the asset (in this case bitcoin) ultimately went up (even if on the shorter term it goes down, even for extended periods of time)?

hahahaha

You know that some people do not want to be described as a legend while they are still living because they believe that such honor should only rightfully be bestowed upon the dead.

In this case, I must either be a kind of legend or perhaps dead to have been the perpetrator of the repetitious spread of a law phenomenon that has become so profound at least in the thinking of one member that even I did not know the significance of my own doings.  Go figure.

Definitely difficult to understand how a kind of "infinite" block size brings bitcoin "back" to its roots.

One thing that is interesting is to have some of these dumbass approaches (or experimentations by scam artists) to show through practice what NOT to do.

What the fuck do you know?  You are engaging in the kind of behavior to justify such language usage from me.  In total, I am likely being too nice to you by even giving you several opportunities to redeem yourself from your current nonsensical status..


Of course, there are other examples of injustices, ironies and dumbness in our world but that does not mean that you are not acting like one of those examples of a dumbass or a dimwit, as well.  

Pointing the finger at other examples seems to be failing/refusing to take responsibility for your own situation by engaging in diversion tactics.


Not looking for advice regarding how to gamble with my money (or for newbies to gamble either).  Looking for you to make a description of how to approach a btc/crypto investment portfolio for me or for newbies.



Didn't I already provide you with a budget for 6 months?  How much of the 6 month budget goes into this coin?  And, you are saying to just hold it until it reaches 70 sats.. that's a somewhat reasonably understood guideline, I suppose, if the price of doge goes there that is another question, but at least I would know to sell at that point, and presumably go into bitcoin at that time.  Are there other scenarios that I should sell, or if it goes down rather than UP, I just keep holding until it goes to 70 sats at some point?


You need to be more specific regarding how much of our newbie budget that we are putting in to this one and when to exit, no?  How else we going to know what to do with our budget?


O.k.... again how much of our 6 month budget goes here?  and when do we know when to get out?


Ok. so in the end, you are saying don't invest in this one?  Remember that I wasn't going to invest in anything other than BTC anyhow?  So by telling me (or anyone else) not to invest in this one, you are not suggesting anything different from the original plan.  How is that helpful?  I suppose that if i am going to give you some benefit of doubt about why you brought up this particular coin would be just to say that such a coin would have been a past opportunity, is that what you are meaning?  We can look at a lot of charts and see past opportunities, can't we?  Should we let those distract us from our current plans?


O.k.... again how much of our 6 months budget goes here?  and when do we know when to get out of this one?


We are deciding our investment portfolio and plan now, no? How are we going to decide in the future when you might add some more coins?  Does our plan require having to listen to you or to some other oracle on a regular basis regarding what to invest into and how to create or plan or how to tweak our plan on a regular basis?  That does not seem good to have to depend on anyone else to provide future tips about coins or having to go through a constant and uncertain process of tweaking on an ongoing basis?  And regarding all of these investments how much time are we going to be spending on watching them to know when to get out.. and now you are suggesting when to get in, too?


Haven't even gotten away from this post, and you are already coming up with more factors to consider in our investment plan.  Would be nice if your ideas were already set, no?  With these ones, are you suggesting acting or not in regards to any of them?  You want us to follow these projects to figure out if we are going to add them in the future?  Isn't there some difficulties in using so much brainpower to attempt to follow various nonbitcoin projects and potentially spreading out our time and money so thin?


At the same time, you are suggesting that instead of investing in bitcoin, you want us to try to follow all of this nonsense to be able to attempt to spot an opportunity in some various other cryptos, and when we do spot an opportunity then we need to be able to get in and out of the "opportunity" at the right time, no?  

I am having some difficulties understanding how your proposed investment approach would be better than starting with a focus that is mostly on bitcoin, like mic had suggested from the start.


The more coins that any person has (whether newbie or otherwise), then the more potential for scams, no?  like you said, more shady exchanges and shady devs.  So you seem to be suggesting that newbies increase their avenues of risk by adding a bunch of other projects to their portfolios?


Huh?  You are trying to suggest that bitcoin is a scam, too?  Because of tether?  Here comes some more idiocracy, no?  You must merely be trying to justify your decision to invest in a multitude of crypto projects by trying to lump bitcoin into a similar kind of category, in order to kind of throw your hands up and suggest that all cryptos are equal, including bitcoin?   I am not too convinced by your attempting to lump bitcoin in with your other scam coins.   


By the way, overall, I will praise you for attempting to provide some kind of additional ideas about some other crypto projects, but you have NOT even come close to suggesting any kind of specifics, except perhaps for your recommendation about doge that was the most specific of all of your recommendations, but hardly is even helpful to invest in one of your suggestions if I don't know, in accordance with the budget that I provided to you about how much of my current $6k to put in or how much of $3k cashflow over the next 6 months.

For now, I might not call you a dumbass as much as I was, unless you cause me to by saying some more dumb things, but certainly, you are not really providing very good proof that you are not a dumbass in accordance with what you are suggesting that we (or newbies) should do in terms of their current crypto investments.

Accordingly, you have not provided enough of an investment guidance yet to justify my retracting any of the times that I have already thrown out such dumbass or diptwit epithets in your direction.  You surely left me (or any newbie) without much guidance for investing over the next 6 months, and compared to mic's plan, the newbies would likely be swimming in your vague guidance that also does not say how much, if any, bitcoin should be included in such proposed investment plan allocations.  

Furthermore, even if you had not liked the 6 month budget scenario that I had presented to you, you had not even created your own budget proposal  scenario or even an alternative investment timeline.  Newbies need more concreteness  and guidance than you are providing, no? Seems that OP's post comes much closer in the direction of providing direction and concreteness for newbies, and even better focal points than what you have so far provided... It's like you are attempting to think through the plan as you go rather than having something that you can present to a newbie, no?

Hahahaha... I prefer NOT to be a meanie, even though it comes out of me once in a while.

I certainly don't mean to clutter up Mic's thread because mic seemed to have been trying to suggest some ways for newbie crypto investors to consider getting into bitcoin and focusing largely on bitcoin from the start.. and not getting distracted by shitcoins.  

Surely, not all members or even a significant number are going to agree with that kind of bitcoin prioritizing perspective, and maybe if konfuzius5278 attempts to respond to my last hypothetical and provide a meaningful alternative approach, then at least he will gain some credibility.

I have been personally participating in these kinds of threads and this forum to learn and to share bitcoin related experiences with others, and if it turned out that I was too tough on konfuzius5278 because I was not open enough to a portfolio or an approach that allowed for a much higher consideration of altcoins, then I will be more than willing to apologize to konfuzius5278 if he at least makes a meaningful attempt to respond to my hypothetical or something similar.  

Since he has been coming at me fairly strong, if he does not, then in my thinking it will continue to be more than fair game for me or anyone else to continue to call him the names that I have already called him.  

I know that all of us do not necessarily agree with how to treat trolls, shills, alt coin pumpers, bitcoin naysayers, no coiners or other seemingly disingenuine posters, but I am more than willing to admit that I was wrong if that ends up being the case with my treatment of konfuzius5278, but only if konfuzius5278 is able to at least attempt to provide some kind of meaningful attempt at a response.  Such response from him need not be any kind of masterpiece in order for me to take back some or all of the harshness that I have so far already dished out in his direction regarding this topic.  

By the way, you are correct about some kind of need that all of us have to NOT get too emotional regarding the posts of others or to take them too seriously, so yes, butthurt cream can definitely be helpful, even if merely in picture form.  

Thanks for providing that picture of butthurt cream for any of us lil fellas to use for our viewing pleasures.

Where have you been Dabs?  

We were potentially needing an escrow servicer about a day or two ago, on one of the batted around disingenuine bets... that was going back and forth between toknormal and gallianooo

This linked post by me sums up some of the back and forth discussion around the topic and probably the latest status of "ded", which largely just showed that toknormal was spewing out nonsense in terms of what he was proposing about the direction of the bitcoin price, but gallianooo was trying to get him to put some money on the topic.. and I suggested that a small amount of money would be all that would be needed in order to make the point.

I am thinking that the bet probably dried up because toknormal was not ready willing or able to bet any kind of an amount in regards to what he was saying, even if it was a small amount, but hey, in theory, your escrow services were "almost" needed. hahahahaha