You are the only one attempting to make up shit and to put words in the mouths of other posters in order to make your own points, including conflating bitcoin and other shitcoins in order to attempt to act like any other coin can inflate bitcoin's supply, and it cannot.  Bitcoin established the network and ONLY it's supply counts.. All of those other bullshit coins are merely imitations and snake oil, so they don't count. .. Of course, you know that, but you just want to pump out bullshit misinformation.



Yes.  Exactly.  You are the one trying to make up random bullshit.


You are the only one making horrid, illogical arguments.... or at least attempting to make them, but they are so baloney, you are not too successful in these here parts.

O.k. Technically, you are correct, yet we are not talking about technical correctness, we are talking about real world application.

Accordingly, try to change the 21 million bitcoin versus trying to figure out the extent to which the gold supply is scarce or not manipulated by paper inflation?  Which one is more scarce in real application and what the fuck problem has bitcoin attempted to solve?  

With bitcoin, we are talking practical application and a programmed and consensual scarcity, not some pie in the sky theory about what could or might happen in some hypothetical (not likely to happen scenario).  And, that is part of the reason why, currently, bitcoin has the strongest and hardest money that has ever been created  (until proven otherwise).


That is be called Koreck!!!!

There is no negative IQ... 

Did someone die and put you in charge of my discretion... ?  or lack thereof?


 

I don't give a ratt's ass what you call it.  Let's use $100 million as an example.. Look I came down one decimal point, just for you.  Today, if you have $100 million in dollars, or $100million in Pms (such as gold) or $100 million in bitcoin.  Which one would be easier to move around to various parts of the world?  Which one would be easier to store?  Even if I have a secure building, I have to get the money or gold in and out of there, and I also have to worry about robbery or damage.  Of course, I could spread the $100 bills out in different buildings or the gold, but still it would probably be a whole hell of a lot easier to deal with bitcoin... just think about going across the country in a u-hall filled with cash or filled with gold? Wouldn't you be worried?



We are not talking about video games or steam... We are talking about bitcoin and comparing it to fiat and gold.  Of course, you can have some value in each, but if you have large amounts of value, such as $100 million.. even $1million, it is much easier to manage in bitcoin.



It is different, you diptwat.  It has it's own security network built in that are verifying its scarcity and transactional security, including solving the double spend problem... Haven't you heard about that?  You fucking troll/shill?



The scarcity of bitcoin is not artificial you dimwit.  Stop spreading misinformation.


It is.  I can do it today.  That $10 million is a little less than 2,000 bitcoins.  I could store the private keys on a hardware wallet, such as a Trezor or there are other ways to do it.  It is not theoretical.. it exists.  Wake the fuck up.




We are talking today.  And, I don't give any shits if it goes to zero in some hypothetical future time, because i am gong to be lucky to live another 50 years.. so I don't even care if it goes to zero 51 years from now, except for my descendants of course, and that would be their problem, if I have not spent all of my bitcoin wealth by the time I die.


What the fuck are you talking about?  Bitcoin has gone up in value in the past 10 years, and in the past 5 years it has gone up more than 5x.  Overall, bitcoin continues to go up, especially in recent times, which seems to provide decent evidence that bitcoin is going to fare better than your PMs, such as gold or silver or copper.  Good luck with those ancient relics in these modern times.

By the way, don't you have a PM forum or a PM thread that you can post on? You are continuing to waste the time of people in this thread, bitcoin buyers, holders and accumulators that seem to be way more knowledgeable (and interested) than you on the bitcoin topic.  Go somewhere where your phoney baloney PM pump talking points are wanted and appreciated.  NOT here.. Haven't you gotten the memo... PM bugs, including roaches, not wanted here!!!!!!!

You might be correct that for a considerable amount of time, people are still going to gravitate towards various third party solutions; however, you seem to refuse to accept the magnanimous option that bitcoin seems to offer, including an ability to hold vast quantities of value into the millions and billions and the option NOT to use a bank.

You don't have those kinds of options with traditional physical assets like fiat or PMs...  Even having $10 million in cash would not be easy to move around, like it is with bitcoin.  A billion dollars on bitcoin could be stored and managed a whole hell-of-a lot easier than the same value in cash or Pms.

We should have gotten over the correction by now, no?  Also, it is starting to seem that the bottom has better and better chances of being "in."  

It is not psychologically healthy to not be able to accept a decent-sized BTC price correction from nearly a 80x increase from late 2015 to late 2017.  

On a personal level, I think that at the top, my personal holdings were at about 26x, and even after the most severe portion of our most recent correction, my portfolio would have not gone below 3x up, and even now, my holdings are still close to 7x up.

I understand that people got into BTC at differing price points, but I thought that we started out this thread of the conversation by referring to people who have been into bitcoin since 2013, and surely there would have been opportunities to acquire 3 digits coins and even if the conversation transitioned into referring to people who FOMO bought at the December 2017 top, there has been over 16 months to continue to dollar cost average buy and to bring down some cost per BTC.    

Again, it surely does not sm healthy either to consider that BTC price only goes up or to buy more than you can afford to lose, even while the upside potential of bitcoin remains quite stupendous.  I remember battling many BTC  naysayers in 2014, 2015, and 2016 while prices were in the 3 digits but there was also pessimism about whether bitcoin would ever again surpass it's November 2013 high of $1,163.  And, people who were sitting on the fence, failing to buy, and thinking about how "poor" they were as compared with November 2013, likely ended up either missing the BTC boat again or selling way too soon, once they got into profits.  Hopefully those kinds of dumb thoughts do not distract too many peeps again... at least the smarter ones that neither put too many eggs in their basket and exercise some reasonableness an prudence in creating and following a BTC buying and accumulating plan.

You don't have a back-up?

One good thing about BIP39 is that it allowed for a seed phrase back-up.

Of course, having a seed phrase back up causes another point of vulnerability, in case you lose control of it, but there are also likely ways to sufficiently camouflage your seed words in order to make it more difficult to access your coins.

To some degree, it can be scary to be your own bank.

NO reason for me to investigate into something that does not likely exist, and you are the on who raised the name ... without any apparent reference, in terms of participation within this thread.

It be called a suggestion based on information that Lauda be a gal and not a guy..... that is all.... That is not white knighting.  Learn what words mean, and get a grip. 



 

FTFY 

Maybe sister could work here?

I have never seen any post in this here thread from anyone named "Nadia."   Though I have seen posts from Elwar.

Responsibility of "being your own bank" would minimally suggest that we make meaningful efforts to back up our seed words.   

It is possible that our Trezor could get run over by a boat, or fall into the depths of the Andaman Sea. 

Having this kind of drama about a possible defective device with an experienced bitcoiner makes little sense to me, especially if the amount on the Trezor is anywhere in the territory of 2 bitcoins or more.

Searing?


Another princesa...   

At least, from time to time, you recognize that things are flying over your head.  That's a good start.


If you did not get the memo, this happens to be a public thread, so anyone (who creates an account) can respond to any post and sometimes the responses will follow the same topic and other times the asserted points will deviate.  Go figure!!!!  

In other words, this is not about "JJG is being a BIG MEANIE, again."    

Well, perhaps I am engaging in a bit of judging of others based on my own 2013/2014 BTC buying/accumulating approach.

Of course, any person could start investing at the top of a bubble, and would not necessarily know that it was at the top of such bubble, but that same person should have enough due diligence to recognize that in late 2017, s/he would have been getting into bitcoin after a 80x price increase from late 2015 to late 2017, and to moderate his/her strategy appropriately, so if s/he would have made some kind of BIG play, then s/he would have been engaging in a decent amount of gambling, and I have little sympathy for losses or perceived losses from that kind of an approach.

On the other hand, there are various kinds of approaches that could have lead to varying levels of "on paper" losses, so I am more sympathetic to some mistakes that might have been made to cause situations that make current losses out to be something like 50% to 80% in the red rather than some more reasonable number that should be quite less than 50% in the red currently, with any kind of reasonably prudent BTC buy/accumulation strategy.  

In other words, with about 16 months of downward BTC price dynamics and even the last 5 months of that being in sub $6k price territories, a vast majority of ongoing prudent and reasonable BTC buy/accumulation strategies should have been able to bring their cost per BTC down to at least below $10k per BTC.

In that regard, patience padawan, patience.  I recall my own situation between late 2013 and mid-2016, the most dire period was during BTC price dips into the lower $200s and beyond in late 2014 and even a couple of times into 2015, and during those times, my BTC portfolio value sunk quite below 50% and dropped into the 65% in the red area on a few occasions, but by the time that BTC price shot up to $500 in late 2015 and even bounced between $350 and $450 for several months in early 2016, I did not really feel that I was very much in any kind of dire straights situation, even though my BTC portfolio continued to bounce around in the 15% to 30% in the red anymore.

What I am saying is that even in current times, prudent, reasonable and long term BTC buying/accumulation strategies should still be able to result in decently less than 50% in the red valuations of BTC portfolios, and outliers might be from bad learning experiences resulting in some currently on paper losses that are greater than 50% in the red, currently.  

One thing that I found when my BTC portfolio was more than 50% in the red, was that any BTC that I bought at then depressed prices would have a decent impact on further bringing down my overall average cost per BTC.    



Huh?  Don't know what you are talking about here?  Are you suggesting that we are too BTC bullish in this thread?  We don't accept BTC criticisms?  You think that guys (and gal) in this thread have some kind of perverted perspective?  Seems to me that guys (and gal) in this thread tend to be a bit more informed than other places on the interwebs, and seems to be a good thing that we beat the fuck out of bitcoin naysayers.. because they tend to deserve such beatings, unless they are able to substantiate their bitcoin bashing or alt coin pumping points.  On the other hand, infofront seems to have a decent amount of tolerance for naysayers, too, so I doubt that we are lacking sufficient participation of bitcoin naysayers.. and watch, at various times during heavier bitcoin price volatility, there will be some chiming in of bitcoin naysayers to contribute to the BTC wall watching conversation and to provide with some entertainment with their nonsense points... take jbreher, for example, defending his butt buddy, Peter Rizun... If jbreher is not Peter Rizun, we may even get Peter to show up here once in a while to spout his own "diversification" non-sense or other attempts to laud over us with his phony technical claims.


You are one of "you guys."  Are you now trying to proclaim that you are in the minority, and your voice is not being sufficiently heard, or you have to white knight protect the various innocent bystanders (readers of this thread)?  Oh my.


That one seems to have gone over your head, Hueristic.  andreibi is talking about tether as FUD rather than as if tether issues is some kind of legitimate argument.


Yeah.. right.. let's get scared about tether...

rrriiiiiighhhhhhhhhht...

Even though there seem to be a decent amount of posters in this thread that are buying into the evergreen Tether FUD, you are not the only one who recognizes the vast majority of the situation as FUD... whether you describe it as bitcoin does not give a fuck or an attack on tether and bitfinex.  Of course, if the US Gov (and perhaps associated traditional financial institutions), could shut down Tether and bitfiinex and at the same time, make a decent denigration effect on bitcoin, then they are going to pump that bullshit for as much as they can and for as long as they can get away with it.

Wow!!!!!



jojo and Searing are dee same peep.

Hey... I won't dispute that you can become rich by already being rich - however, I have always been a long term opponent of gambling when it comes to bitcoin - especially, since with a bit of study into the bitcoin matter, there is already decently convincing evidence that bitcoin maintains a ongoing great upside potential.. so with a bit of patience, anyone has good chances of improving his/her/its conditions by exercising reasonably prudent ongoing buying and accumulating strategies... especially a dollar cost averaging approach. 

Of course, there is some difference in any position for someone coming into bitcoin in 2013 versus coming into bitcoin in 2017, and the 2013 folks have had 4 additional years to attempt to play to their advantage.

In other words, even though FOMO exists, it affects BTC price, some folks will advantage and others will be hurt by such FOMO dynamics, I continue to NOT have a lot of sympathy for folks who are not able to figure out a reasonable BTC buy/accumulation strategy in order to address their FOMO issues and to learn to consider bitcoin more as a long term investment rather than a short term gamble. 

Of course, there are exceptions of folks who really know how to play short term scenarios, but the vast majority of peeps are likely to have way success if they take a longer term perspective with bitcoin and to even consider at least a 5 year time-horizon, if that is within reason for them in terms of life expectancy, health and time/meat-wagon factors like that.