Good 'accuracy' is making more profits than losses, that's all it is. In some cases it might not even be related to making more winning than losing trades with how every trade isn't the same as the previous one because of the changing market dynamics.

I remember watching a documentary where high level wall street traders explained how there is close to no human involvement when it comes to making trading decisions. It's all algorithmic activity. What I found to be the most interesting part was that some of their bots lost money consistently for a almost two weeks, then still ended the month in the green.

I think it's safe to say that as long as you go big only on the events that offer a 70%ish probability to play out in a certain way, you're more likely to end up in the green over a longer period of time.  

How different was that when we were going towards the $3000 level fast last year? People were so bearish that many of them believed that it was only a matter of weeks before we would tank below the $2000 level. Some even dared to point at ~$800 to be a realistic target.

It's going to be interesting to see how the market will move from here. Below $4000 people were super bearish, currently they are super bullish. If the mass is still functioning as counter indicator, we might be up for a surprise pretty soon. If the bulls keep ignoring various oversold indicators, which they have for a while now, shorters might find themselves on the wrong side of the fence.

Shorts have been accumulating rapidly and this might fuel a higher move with a short squeeze shooting the price past $6000 like there has not been any resistance at all.

The crazy fees of 2017 were largely caused by external factors such as artificial transaction inflation and the BCash split that caused miners to switch massive amounts of hashrate from one chain to the other.

Considering that we don't have these factors play a role of importance anymore, because the big blockers have their own chain now, I doubt the fees will be that much of a problem. Sure, for people doing micro transactions it won't be ideal, but that will motivate them to dig into Lightning and explore its advantages.

Regular users and businesses are somewhat used to the current lower fees and have less incentive to make the switch to Segwit and Lightning, but that will definitely change when mempools fill up rapidly and the fees bump to higher levels. People are lazy, they will only shift when they feel it in their pocket.

Lies are bad, but not nearly as bad as what Roger Ver has been doing, which is actually scamming people.

I like the fact that Roger Ver with his silly BCash has someone of the same caliber to worry about now. BSV is a big fuck you in the face of Roger and Jihan. The scammer Roger Ver is now experiencing what he has been subjecting innocent people to for years now. It also deems BCash kinda useless because their on-chain scaling isn't anything special anymore.

Yesterday there was an article where one single BCash address was responsible of 50% of BCash's daily transaction count. They are also sending large amounts of BCash from address to address to crank up the on-chain value transfers. So silly. This is behavior you see from losers who know they ran out of other (non artificial) ways to get people to fill up their blocks.

I was talking more in the moment itself. As miner you can only pull this off once.

Reputation is a big deal for large miners because most of their hashrate isn't their own. I'm sure that you clearly remember what happened when GHashIO started ignoring people's concerns and grew bigger regardless of what the sentiment was back then. They are gone. It's not related to a bug or whatnot, but seeing one single miners trigger all red flags means the end of your operation. Period.

Bitfinex's gang doesn't give a shit about anything, and why would they? People time on time again allow themselves to be abused by these con artists.

Once the situation around Tether cools down and people somewhat forget about it, the Bitfinex gang will figure out another way to steal from people.

The weird aspect to all this drama is that Tether actually becomes stronger with how nothing of what they are subjected to is able to get it to implode. I have never seen people be more willing to lose money than here in the crypto space. What a bunch of retards do we have here. Not cool at all.

People seem to choose the exchanges (e.g. Yobit, Cryptopia, Livecoin, etc) that matches their IQ. Not really a surprise at the end of the day.

I have a (not so smart) buddy of mine who tried to participate in an IEO on almost every trash exchange possible, and didn't manage to enter even once. You could say that he at least didn't lose anything by not participating, but the risk here is that the exchange can lock your account and force you to verify yourself. They'll annoy you with silly questions until you drop your case and accept your loss.

Miners have had enough time to exploit the bug but never had the incentive to do so. You can pull off an exploit once, but the consequences of that are that you trash your reputation as miner, and people will shift their hashrate to other pools, and then not to mention the effect on the market itself.

It's also an exaggeration at this point in time because the actual threat that was a threat no longer is. News outlets don't want to include that part because it makes the article itself pretty useless. The average person sees 60% as in the majority is still vulnerable, while the reality is much different. That generates clicks.

Lukedashjr often posts things without actually nuancing them.

Why feel sad? It's people's own responsibility to not store any number of coins in an exchange, regardless of the purpose. People haven't lost anything at the end of the day, there is the much memed but very important Safu fund that contains enough funds to cover this 7000BTC theft.

There is no such a thing as 'not proceeding with a roll back'. This CZ asshole figured out that he couldn't get it done and therefore put his re-org plan to bed.

I had a lot of respect for him, but lost it all and will stop recommending people to use Binance as exchange. Toxic son of a b....

If you're investing in shitcoins, then sure, it's not a smart move, but if you just buy Bitcoin every now and then, you can't go wrong if you have patience.

I dollar cost averaged from the $6000 level down to almost the bottom, and sure, I bought in too soon last year when the price started tanking, but with how the price has gone up in the last weeks, every dollar paper loss turned into a paper profit. I even did some dollar cost averaging between $6000-$7000 and it's only a matter of time before these paper losses turn into paper profits. Patience is key here.

You need to understand and accept that the price can go down a lot after your purchase(s). Most people assumed that the price could only go up, but the bear market was a much needed eye opening experience for them.

Stop trading? Are you a government official commanding people to not do something you don't like? Not cool.

Bitcoin = freedom. People are free to do whatever they want with their coins. Trading attracts liquidity and allows bulls to stack up more coins utilizing the volatility this market offers. The more coins end up in the pockets of bulls the more coins will be taken out of circulation in the long run. The largest chunk of profits through trading is sent straight to offline storage. 

Also, this isn't the legacy market where there is one stock market orderbook. Here every exchange has its own orderbook, and the more orderbooks there are, the thinner they become, and thus the more potential there is for volatility to occur.

Ouch. Bitfinex's cold wallet has seen more outflow today. 12,511BTC has left their cold wallet making their coin holdings reach the lowest point in almost two years!!

https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

This definitely explains why their premium isn't shrinking. People are withdrawing like there is no tomorrow. If this continues, they'll run out of Bitcoin, and who knows what Bitfinex will pull off then. 

It's quite amazing how rapidly the volumes have picked up of the alternatives the moment Tether once again messed up. PAX has currently 178.5 million tokens in circulation, and is doing almost as much in volume, which is very impressive. Coinbase's USDC has some catching up to do in that regard, but growth is growth regardless of how you look at it.

I'm certain that if Tether didn't mess up alternative stablecoins would remain stagnant for a long time. People as always need these events to wake up and acknowledge how serious the situation actually is. One must be an utter fool to hold any amount of USDT knowing that Bitfinex can be over and done the next day.

News outlets are champions in exaggerating potential effects of abuse. Miners today have more incentive to NOT abuse any sort of bug than to actually abuse it.

The main reason client upgrades happen so slow is because of how distributed the network of nodes is This isn't BCash where Roger and Bitmain on their own can upgrade their entire network effortlessly at once.

What I am (happily) surprised about is the actual number of nodes, which shows that there is a lot of confidence to run such an intensive application. I am pretty certain that all nodes of every single altcoin combined don't even account for 100,000 total nodes.

In most modern economies that's already the case. Dozens of trillions of dollars are being transferred from one bank account to another every single day.

It's quite shocking how locally I have noticed that more and more shops no longer accept cash, and the part that shocks me even more is that people don't seem to care at all. All I hear them say is that they don't mind the shift from cash to cashless because they don't use cash anyway. If people are so easy to shift over to a completely centralized economy, we can only expect things to become worse.

People here are a very decent counter indicator. If they think that x event will pump the price of Bitcoin, it's more likely that it won't do anything at all, or even tank the price.

Warren Buffett a few days ago said that he's not worried about the Brexit at all, and even plans to invest in the UK, and that while all the self proclaimed experts and other fools constantly echo how bad the Brexit is for the economy. Who's word do you value more in this case, the word of the best and most successful investor in the world, or the word of a bunch of boobie economists and political drama queens?

Lets shut down fiat, governments, the internet, electricity, etc. You know what? Lets wipe out humanity in its entirety and you're sure there are no longer illicit activities.  

Bitcoin's freedom aspect is threatening his perfect picture of the world where governments continue treating people like a bunch of cash cows. This is the first time we can circumvent everything related to the government and the current financial system, and oh boy, some people don't like it.

The more we see these entities come up with similar statements, the more I feel that we're on the right track. These fools wouldn't pop up would they not feel uncomfortable about their position in this system.

The 'good days' in crypto were when the price price of Bitcoin was hovering below the $4000 mark. Right now you're buying into people's greed, which is something I rather sell into.

The price can surely go up more, but after what we have seen already from the bottom last year, it wouldn't surprise me to see some mid term consolidation. If the demand has really increased significantly, we'll notice by breaking through $6000 and then $7000 but lets first see if we can get past the $6000 level for now.

It is true, but it's not an organic increase. Exchanges that surpassed the $6000 level were all Tether exchanges, and mainly Bitfinex went absolutely nuts.

Good thing is that CMC removed Bitfinex's exchange rate from their average price index, so there is less invalid inflation caused by crappy exchanges people shouldn't be using.

If you want to get a clear/fair picture of the prices and volumes and thus the overall market, follow exchanges such as Bitstamp and CoinbasePro. Nothing is a better indicator of the crypto market than actual fiat exchanges. All these Tether exchanges are a bit of a no go for me in terms of functioning as any sort of volume metric.

As if signalling to the government that you own x large amount of Bitcoin will do you well in the future. 

I pay tax over the coins I trade on centralized exchanges, but won't ever pay a single penny in tax over that what I hold in my cold wallets. Bitcoin's local adoption in basically every country is on the rise, and that by hundreds of percents in a fairly short period of time. I can always convert some of my coins to fiat or buy goods with them locally.

No one has the right to claim a part of my wealth that isn't being utilized in any shape or form. It's called theft if you're forced to pay tax over that part of your wealth anyway.