I vote for this.

That would be great!!!  I will vote for that version.

Are you mischaracterizing on purpose? 

If you have been around bitcoin long enough, you will realize that 2017 is not an aberration and bitcoin has gone into a punishment mode on numerous occasions.  Yes, of course, we are in a correction period, but a major point of my post was to suggest that if bitcoin returns into punishing mode then those shorters that you proclaim to be "a force" are gonna get reckt, and that is what I was hoping for, even if the odds might be against such, at the moment, perhaps?



Of course, BTC prices have been down for a while, so it seems likely to take a bit of effort to break above various resistance points and to possibly reverse the correction or to bounce out of the consolidation range.... Yes, bear has won the day down to $6k, and they have made at least 4 attempts at breaking below $6k.. so their difficulties getting below $6k could also lend support to the bottom already being in... NOT safe to be shorting when the bottom is already in, if that ends up being the case.





Yes, of course, could be, could be.  If I assert that I hope for more up, I am not saying that the odds are great that prices will be able to or are ready to break upwards.. sometimes it takes a bit of movement and continued movement in order to reverse moment or to cause momentum.




O.k.  So you were over invested?  50% is a pretty large amount to sell... Sold at a profit, I hope?  I understand that sometimes riding out the waves can take a quite a bit of effort, and bills certainly come due.. so one thing is planning for the bills, including emergency situations, and another thing is actually recognizing whether there is enough cushion in the plan... so it can be understandable that reality sneaks up and all of us have to keep in mind that we gotta have some cushion in our cash flow plan to cover anticipated (and unanticipated) expenses to be able to ride through potential long down waves, including a possibility that bitcoin could be down for a couple years longer... even while some of us are hoping (including yours truly) for some upwards action --- and even punishing of those who failed to invest or are in the BTC shorting business.





I also understand that you can plan cashflow for 6-18 months in advance and then attempt to see how thing play out, and sometimes it just not possible to stick with the original plan because some aspects of the cashflow are not comfortably playing out.  Anyhow, a lessoned learned is that it can be a sign of over investing if you have to sell a large amount of your holdings at a time that you do not prefer, and sometimes there can still be ways to ride it out... such as selling 10% or 20% rather than 50%... but anyhow each of us have to come to our determinations about our own situation and hopefully learn lessons from our mistakes... yet that does not take away from the desire of myself, and likely others who would like bitcoin to go into a punishing phase  of upwards movement because surely we have been visiting the $6k territory a lot in the last 6+ months.. going back to early February.. and so in some sense, there can be some feeling that BTC has spent enough time in this price arena... let's move onwards and upwards.. even if some peeps might not yet be ready.. even when there has been several allowable preparation months.

Yes... I already responded to franky1's points to assert that his framing of history and the issues is largely misleading, so hopefully your greater "research" into the matter will help you consider the matter in light of a multitude of bitcoin denigration spinning that remains in the space.. and franky1 has a track record of showing himself as a bitcoin denigrator that just throws out a bunch of nonsense hoping that some of it sticks.. in order to achieve his bitcoin denigration goals..

That's the spirit Rosewater!!!!!   I see you may have temporarily snapped out of your negativisms...    

It would be nice if bitcoin would go into a bit of a punishing phase.... to punish some of those folks waiting for cheaper coins... or those folks who are waiting for the alt coins to bring them lambos... .  I just don't know if bitcoin is quite ready for punishing phase.. but it would be nice.. a bit of a fantasy of mine to re-live the late 2017 upwards price movements that took a lot of waiting for lower prices folks for a bit of a surprise.

By the way, I seem to recall that a bit more than a week ago, Hairy had said that he had expected a bit of a pump to $7k or even $7,200-ish.. because BTC prices in the lower $6ks seemed to be a bit "oversold."... something like that.

If the documentary is "fuckwitted," then would there be much if any purpose in sharing it?  Why would any of us want to click on it?

I am not familiar with your Harry Dent reference.  Do you mind providing a link to what you are asserting to be some important supposed shilling?

By the way, anyone could consider Bitcoin to be a better investment than gold, silver and other PMs just based on certain practicality considerations, including portability, divisibility, security and ability to manage your holdings in a private kind of cross border way.  So, whatever trickery is supposedly going on that is luring unsuspected folks into bitcoin seems a bit of mystery to me, unless you provide some kind of reference about what you mean.

Likely after a bit more than 6 months of implementation, active members are kind of getting a hang for how this new merit system is playing into other forum systems such as activity level and quality of posts, and sure theymos had even mentioned the possibility of getting rid of the trust system or causing the forum's trust system to play less importance.  

IT seems likely that in the early stages of the merit system, some forum members made mistakes with the use of their merits or were a bit unclear about how to earn merits.. what kind of posting or where to post in order to increase the likelihood to earn merits.

Surely, I agree with any complaint or concern from newer members that the momentum of having merits increases a members ability to earn merits, but that is also kind of the way of the world, and many systems advantage folks who are either early contributors or if they earned value under earlier standards.. and when the rules change, sometimes there can be discrepancies based on the earlier rewarding of value.

I believe that if any member is active in the forum and wants to earn merits, and that member explores various areas of the forum that are of interest of that member, the member will figure out ways to earn merits - perhaps not earning merit as quickly as the assumptions of the system, such as averaging the earning of 1 merit per day, but even earning a few merits per week is going to allow for some decent and meaningful progress in ranking up with the passage of time.

I doubt that demerits would cause progress towards increasing substantive and meaningful forum postings, contributions and participation.

If this all works out as planned, 6% is definitely a fair rate of return for fiat. ... and yes, giving an additional opportunity to make claims is fair and also paying back bitcoin in bitcoin is fair too - even though there is going to be decently sized socializing of losses.

You still seem to be implying a theory that if more tools are made available for downside manipulation then those "more tools" are going to be attempted to be used by the manipulators to push BTC prices downward.  The question becomes whether those kinds of tools would be sufficiently and incrementally more powerful than other dynamics creating upwards BTC price pressures.  Sure in times like these people (even relatively stronger HODLers) begin to feel 50/50 -ish, and additional actual downwards price movement could cause them to be shook from additional coins.

Yes.  Some members advocate for demerits, but it really seems an unnecessary and petty kind of practice, and there seems to be other ways to punish bad posts/posters by 1) not giving merits, 2) substantively responding to the posts, 3) use the trust system 4) report the member (perhaps banning or suspension might be applied if egregious)

You must have bought your XRP during the pump, rather than pre-pump.

I have never had the heart (or will power) to buy any XRP... I mean it was pretty obvious that they were constricting the supply with the founders holding well over half of the supply... so quite the manipulation going on. 

With other shitcoins, I did break down and buy a bit of ETH.. maybe 15 ETH or so, and now I only hold about 4 ETH.  I don't really care if ETH goes to zero..

I still hold around 3 BCH.. I have never bought BCH, so far, but I still hold 3-ish from those that I did not sell or was not able to sell.  I don't care if they go to zero, either.

Why assume that the price is going to break below that 2012 exponential trend line and if that is really the point in which there will be more downward?  In other words, I will believe it when I see it, and there is not any kind of strong evidence that the price has to break below such supposed trendline or that such trendline breakage would cause further down like you suggest.... probably we need a bit more than bitcoin is dead, but if we get a hacking of an exchange or some other nonsense like that then perhaps more down could come, perhaps... certainly not a given.. and we gotta see the bearwhale cards played to see if they can play such calamity well or come up with something good, BIGGER THAN China bans bitcoin.

First read OP (which means Opening Post) of this thread, and if you still have questions, then perhaps read posts of the first couple of pages of this thread, and if you still have questions, then maybe ask your refined questoin based on the information that you have understood from those posts.

Sorry for the ambiguity of my question.  I was confused about what aspect of Bitmex news/happenings you were referring to.. rather than the picture, itself.

Link or it did not happen.  

I agree with the overall concept of a cycle that is upcoming, but the timeline for the depicted cycle does not seem to be well though through or realistic (even though it could happen). 

I don't necessarily agree that we are going to see more bottoms this year, or that it is an essential ingredient, even though it could happen.

I also don't believe that it is realistic that we are going to see 3-4 years of a bull market.. seems more likely that we will see exponential runs, which seems to be traits of a relatively nascent market (system), so it is quite possible that we could experience 2-3 upward runs before 2024, and with that even extended periods of down too, before 2024...   Remember a halvening in 2020 and another one in 2024?

So, yeah, there is some logic to considerations that with increasing market caps of bitcoin and other cryptos (and yeah we are mostly talking about bitcoin but those other pump and dump copy cats cannot be ignored) both bull and bear runs will drag out longer, but still we are a whole hell of a long way away from a decently large enough adoption that makes volatility a lot less and manipulation a lot less... Get us into the $500k to $1million per coin and above area before we start to contemplate any kind of possibility of meaningful price stability - rather than anticipated violent volatility, FOMO, effectiveness of FUD and attempts at manipulation (physical and informational).

I agree with you hugeblack.

OP seems to be making some kind of exaggerated bullshit claims. Of course, the blockchain space is going to grow over time, and part of the rationale to keep the blocksize limits low is to keep the whole chain from becoming too BIG, but also to lessen latency and bottleneck (to use OP's word) problems in the network verification and confirmation of blocks.  

Of course, some solutions are to NOT store the whole block and NOT to run a full node, but also even the desire to run a full node is relatively NOT that expensive and regular peeps can do it with relatively old processors.. and we can even assume that the blockchain will grow to a terabyte within 5-10 years, and still that seems completely reasonable and affordable for regular peeps, given the already inexpensive availability of such storage on regular consumer computers for far less than $1k... .which is even affordable in poverty stricken areas (even though network band with might be a potential BIGGER issue) that requires more sophistication in terms of keeping a connection.

Wouldn't it be nicer with a translucent bitcoin logo in the middle of the orange?