Don't get me wrong.  I definitely appreciate links that are provided, especially when they have to do with bitcoin price dynamics, even if they are couched in "crypto" terms, but sometimes it seems to be the duty of the more knowledgeable/experienced of us to provide a context for the links that we are providing, including the fact that mainstream media is likely continuing to engage in ongoing and sometimes subtle deceptions whether they are referring to bitcoin or crypto more broadly.  So, in that regard, sometimes it can be quite useful to comment upon the nonsense that they are spewing, just to later show how wrong they were and how bad their intentions seem to be.

At first I was wondering who those were in the picture, but I see that the picture is a modified version from the article (after clicking on it).   Adam Back and Samson Mow, respectively.

I think that your ideas are good in this post; however, it seems a bit problematic when you are describing matters in terms of "we need" blah blah blah...

Starts to sound like some kind of shilling piece that suggests that bitcoin has various deficiencies, when it does not.

Even though you chose some awkward language to express your ideas, you seem to recognize that development takes time, and perhaps there is a bit more of an organic process that is taking place in bitcoin.  Surely, bitcoin is in very early stages, and there are all kinds of developments and adoptions that are taking place and being experimented upon, so in that regard, many of us can appreciate that "rome was not built in a day."   

Are you here to provide meaningful information in order that other wall observer thread participants would be able to relate to what you are posting without being mislead?   

Did you have any comment on this, ChinkyEyes?  Presumably, you watched it before posting the link?  Just the title is questionable "crypto", but I did not watch it, yet to see whether there is any content worth 26 minutes of my attention.  Can you give some sense of it besides merely saying that it is "on Bloomberg"?

You could have tried typing "major newses" and even shown the reference as "alevlaslo" which would have had an eye rolling effect built into it.

 

To me, it seems that there are several resistance points getting back to $5k, so $5k is not likely to be a cake walk, even though I certainly would like some bears to be rekt in the short-term.

Well, there is this one guy named roach, who sold his whole stash of BTC in the sub $600 price arena, and he bought gold and silver.  Thereafter, he has been lecturing how bitcoin is and was not a good investment.

Lot's off opportunity costs have been lost upon this roach fella, and even worse case scenario, at today's prices, he would still be up more than 5x if he had just hung onto his bitcoin.

Probably roach would be considered pretty close to the dumbest money who is actively participating in this particular thread.

I cannot really speak for Micteam because I am not sure if his back patting story really plays out because in some sense he is suggesting that he gets his BTC through gambling, which seems way too good to be true.

However, my own story is that I started buying at $1,200 in late 2013 and bought down to about $200 in late 2014 and throughout 2015, and had an average of about $500 per BTC before my phone got force ported and some other hacks that caused losses in my BTC in early 2017 and raised my BTC price average to around $750-ish.  I am not sure exactly my BTC average at the moment, but it is likely in around the $750-ish arena.

Surely I have made a few mistakes along the way in my BTC investment, strategies and practices (and even though I know that you are a trolling bafoon on this particular naming names point), yet I am not sure why I would be considered within any kind of close approximation of "dumb money" when I have an incrementalism system of selling BTC on the way up and buying BTC on the way down that seems to be quite profitable - even if only in a kind of insurance creation sense - even at today's prices and even with some mistakes that I have made along the way that have increased some of my costs. 

By the way, even though I type a lot, I don't reveal all of my finances and all of my strategies, even though I give broad general ideas about what I do as a kind of brainstorming exercise rather than any kind of attempt to induce anyone to emulate my practices.  Ultimately, I welcome guys and gal, here to engage with me about my various disclosures of strategies, and sometimes, I can be critical about the stated strategies of others, but to get back to the initial point, Roach, your purported strategy to sell BTC in the sub $600 range, not to buy back BTC, to invest in PMs and to participate in this thread that is about BTC price dynamics with your frequently off-topic nonsense seems quite high in level of dumbness of person and dumness of money.

I thought that we have been saying that all the weak hands had been shook since about $10k, but for some reason, it seems that there are more weak hands that are shakeable.

Your characterization of my position seems a bit off.

I consider that there is a strong pull in BTC's value proposition in terms of the creation of sound money.  No other coin comes even close to that even though with the passage of time, there could be some coins that come close to that, yet a vast majority of my problem with various other coins is that they attempt to suggest that either there are defects in bitcoin that they resolve or that they are superior than bitcoin in various ways that suggest superior sound money as compared with bitcoin.

Sure, some of the coins talk about technical improvements and other likely less significant mumbo jumbo that could, in the longer term play out to be useful to humanity, and may also be absorbed into bitcoin at the primary layer or  some other layer... Yet, for me, the sound money aspect remains the distinction of bitcoin, not the other various quasi-centralized distractions of other coins.  

So, yeah other coins are likely providing various  values, but other coins is not the topic of this thread, so it is totally appropriate to completely and cursorily dismiss them all as shit coins, even if they may be providing some various alleged kinds of values.  Who gives a shit?  

The topic of the thread is bitcoin, and as I mentioned one of the differentiating values that bitcoin provides is sound money, and frequently, I see that either on purpose or accidentally, people get caught up in various other value narratives, and whether those other value narratives works out or not, again, who gives a shit, except that a vast majority of other coins try to proclaim themselves as superior to bitcoin or replacing some kind of meaningful bitcoin function, when they do not in terms of soundness of money analysis.


Seems likely, yes.


Maybe, but again, who cares?

If there are some reasons to buy a little alt coin here and there, then anyone can make those kinds of choices to invest into the various other projects, and there could be some value there, of course.


Yes there are more than 7 billion people, so a lot of various use cases that may or may not connect to bitcoin, of course.


I doubt that I am saying that every other coin is shit, and of course, we are stuck with some necessity to discuss the dynamics of various alt coins because there is some connection in terms of money movement in the BTC space, and likely some symbiotic relationship with the back and forth of the alt coin price movements and even pumps, dumbs, and scams.  Yet, I don't see any reason to get into long discussions of the various value propositions of shitcoins.  Take it to some other thread except to the extent that it either relates to BTC or BTC price dynamics, no?


Are you suggesting that I am not keeping an open mind, merely because I don't want to clutter my mind with distractions into the investigation of possible value propositions of more than 2,000 other crypto projects, aka shit coins, or maybe I am supposed to focus on the top 10 or top 20 or look at some kind of criteria to assess the extent to which these various shit coins might be offering some kind of value?  

Let's say for example there are 5-10 good alt coin projects that end up either playing a very significant role in the crypto space or supplanting various BTC use cases because of their superiority.  Why does it matter that I start to pay attention now (and study them) or wait 5-10 years when such supplantation becomes more obvious?  Am I missing out on something?  Knowledge?  Investment opportunity?  What am I missing, exactly?  Don't I get enough exposure to learning about them, just through osmosis with my already ongoing involvement in paying attention to bitcoin?

Lots of peeps do not want to think about death, but so far everyone that has ever lived has died in about less than 80 years - frequently quite lower than that, and a few lucky ones might still have some energy and wits in the extreme cases of 100-ish.

You have pumped that shit before in this thread, asshole.

You should be ashamed of yourself.  

Again.. infofront beat me to it.


You are full of shit, tokonormal, and surely, there is a bit of reductio ad absurdum going on with your attempted lame points or maybe we would categorize it better as misplaced concreteness?   

That's why you also don't sell major amounts, such as more than 50 % because you will run out of bitcoin, if you sell too soon in order to sell more.

Your whole summary is that bitcoin kept going up during a bull market, and it did not matter what negative things happened, bitcoin kept going up.  Yes, that summarizes 2017.

We are now in the opposite scenario, so the likelihood is down, no matter what happens, down.

What we are waiting for is a reversal, and such reversal could take 3 months to 2 years to play out.

I don't see any considerable ecosystem benefits of various shitcoins pumpening, even if my personal holdings might go up because of such pumpenings.

I understand that it is likely inevitable that several shitcoins are going to pump in the coming years, and that is why we cannot have nice things, and at minimum it will take 20 years for a decent portion of the population to recognize the differentiating value in bitcoin, and more realistically it will take longer than 20 years, perhaps approaching 50 years (I will either be dead or close to dead by then, so if I am posting in this thread, then there is some kind of AI going on or my account has been hacked).   

I don't believe in rebalancing merely for the sake of it.... gotta be more strategic than that, and just customize to your own sense of the matter.  For example, in bitcoin, we are likely in an exponential s curve adoption that could take 20 or more years to play out, and so in that regard, it likely does not hurt to let some of the profits ride in bitcoin, merely because it is not a mature asset. 

Furthermore, like me signature says, I don't see much of any reason to place much value in alt coins, because they are not really offering anything like bitcoin, and putting value in bitcoin already makes the sound money hedging bet against dollar related investments.

I don’t know if he is doing alright.  If he was doing alright then he probably would be participating in this forum, but his last post were filled with a lot of crazy talk and he was also accused of scamming people out of their money in some crypto game, too.  I don’t really follow, just going based on my memory of some of the last post that I saw from him and about him.

Provides some insurance without gambling too much of your stash.

You can find an amount that works for you, including a similar ratio that is cashing out 1% for every 10% the price goes up.

Of course, if you might become less nervous as you are able to have bitcoins and cash stacked up, and accordingly, you might later begin to attempt to wait for BIGGER ranges. 

Some folks suggest that you might not want to cash out any BTC until it reaches at least a certain point, such as 2x or 5x, but in the end, it is good to tailor your own thinking and comfort level on the topic.

I structured some of my initial ideas around rpietila's simple sane savings discussion in this thread.  Ironic, perhaps, that he would be a "sane" recommender... hahahahaha

https://bitcointalk.org/index.php?topic=345065.0

If possible, whales like to strike during the holidays... just to ruin dee moo. 

What if???