Rosewater F... fits right in... just a bit sensitive, from time to time.

Another aspect that seems faulty of the 2014 / 2018 comparison is that it took nearly two years for bitcoin to run its bull market by late 2017..

the lead up to late 2013 had played out differently and seemingly spiking up faster in two periods in 2013.

How dare you doxx me like that?   

Hahahahaha...

Lucky you.  You will be able to remain a full member forever, perhaps.   

I have merited your post DdmrDdmr because I agree with the general direction that you are going with it, and that you have explained your points fairly well.

My main point of agreement is the concept of incentivizing the spending of smerits; however, I have to quibble with any seemingly premature assessment of placing a timeline expiration or even suggesting that members have any obligation to go out and discover meritorious posts....

Maybe you are describing requirements that sources might have that would differ from regular members?  Sure, theymos has complete discretion regarding criteria to become a source or to maintain source status but it seems that sources do have more obligations to spend their merits because they will expire if not used in 30 days (at least according to theymos's description of the algorithm).  I would think that theymos is capable of getting some kind of handle regarding how much sources might be spending or spreading out their merits and whether he believes what they are doing is worthy of keeping their source status.. and even he may have some other criteria that he considers that are purely his subjective criteria rather than merit based for merit sources (if that makes any sense).

Regarding regular users, I really like the idea of something approaching complete discretion, and that may apply to a member's decision to never, ever, ever spend his/her smerits - but even within that context of nearly complete discretion about how or whether to use merits it seems likely that theymos has tools that he could use to incentivize the spending of individual smerits without ever really needing to employ decay... because in my thinking decay seems a step too far, and maybe even might be something that is considered after several other available tools are employed (including the tool of threatening smerit decay... hahahahhahaha, which he has already employed at least once).

Even if what you are saying is technically accurate to say that the very extreme of the low was $6,510.. and the current price is bounding up to $8,240, you are only at 21% at best, but I suppose if you look across all markets, you can likely stretch the percentages a couple more percent, but still even if I agree with your bullishness sentiment, I find it better to be a bit more conservative with these kinds of discussions, and 19% is about the maximum of reasonable, currently.... that would be from $6610 to $8180 ---- ish...

But I hear what you are saying, too... .. a week ago there was a lot of doom and gloom and sentiment was that the price was going down, and currently the sentiment seems to be up and the price pressure seems to be up..

I am not really going to rest until getting above $9k, and I will feel better to go above $10k.. just to feel better about the bottom, perhaps being "in", and that we are not being faked out too much by the manipulators, who are always present in BTClandia... .. at a certain point, the price goes up and the manipulators lose control over the UP situation, but from my non-whale vantage point, I don't think that we are quite to the loss of control situation, yet.

Are you talking about early or late September 2017?

You recall in August 2017, we had a price surge that brought prices above $3k and approaching $5k, but in mid September 2017, we had a quick crash down to just below $3k, and thereafter a resumption of upwards that later broke above $5k.... so, I am assuming that you are suggesting that shorts were high after mid-september 2017, too, but they got reckt?  or no?

 There were a lot of recking of shorts throughout late 2017, because there was a lot of FUD surrounding the August 1 Bcash hardfork, but the FUD continued with Segwit2x.. that ended up resolving favorably, too... at least favorable for BTC long and favorable for BTC HODLers.

Actually, I started going to the gym a bit more recently, and I started to think that if ever I was homeless, a gym membership would be a good thing to attempt to maintain.

You have to really screw up in a bull market in order to be into catfood territory, no?  I mean, sure, we have had nearly a 4 month period of correction, but gosh, anyone who bought at least a year ago, or longer, should still be UP 3x, no?

Also, I saw some posters here talking about a bear market.  We are not yet in a bear market; however if BTC prices are lower than $7k at the end of 2018, I might be willing to consider such possible labels....

Also, I understand not wanting to sell BTC that you already accumulated, so perhaps that is the reason for the cat food discussion.. even though on paper, a lot of us are likely still rich, but we remain nervous about parting with any of our BTC when a large number of us perceive it to be an appreciating asset in the coming months to years, but we just don't know exactly when that price appreciation is going to take place....  So I can understand being afraid to sell BTC for fiat or using BTC for consumables, such as food.

Sometimes, I also feel a bit contemplatative regarding whether I am eating out 3 times a week, and perhaps I should cut back or maybe I should cut back on how much the meals cost?

To me, it feels like I deserve a treat, even if I could still accumulate more BTC with my profits, but it just still feels so good to be enjoying some luxuries, because these current prices sure feel so much better (and I feel able to do it) than the mid $200s prices of the 2015 period.. and it feels much less guilty to be spending BTC that are in the black, and I would have never thought about spending my BTC in 2015 - when my portfolio was in the red... .. so if I ever spent any BTC back in 2015 - I always replaced it right away, in those times.

Nope... I meant what I said.  Helrow?  You are in a real lecturing mood lately... You must be feeling good.  right?

You have decided to grace us with your presence?  Maybe you have been too out of touch with bitcoin in recent times?  Have you been following the SSS plan, more or less?  in other words cash some out on the way up and even perhaps buy back in, too?

It would be nice if some of you goofballs will explain yourselves, rather than talking in amorphisms and also seeming to want to cover your predictions to be true, no matter what?... hahahahaha

 

Yes.  The irony.  I woke up this morning, and I found that the sudden 12% BTC price rise had caused automatic sales of about .7% of my total BTC holdings... yet the irony of such a sudden BTC price rise that triggered several sell orders, seems to be that the percentage of the value of the ratios of my total holdings of bitcorns as compared to fiat seemed to have gone up a little bit after such sudden price rise  (I mean that about a week ago, when prices were in the $6,700 territory... my portfolio skew in favor of bitcoins had been floating in the 93.1% arena and then after the recalculation my ratio went to 93.7%), as compared to before... Go figure?  

I may not be calculating too well, because sometimes there are more changes than merely the one pump that just occurred, but from time to time, I need to make adjustments to my ratios, too.  

Currently, I am o.k. with my BTC ratio staying in the 92% to 94% arena, yet if BTC prices were to go shooting up really fast towards ATHs, then I would not really want my bitcoin ratio to drop very far below 90%, unless maybe if we had gone much past the ATH territories in a rapid manner (something like a blow-off top)..  

 On the other hand, if BTC prices were to go shooting down to $3k or something like that, I probably still would like to have 96% or so ratios of the total value in BTC.....  just to be prepared for the possibility of more downwards, even if it did not seem too likely to me.... Adjust, adjust, adjust... and perhaps reconsiderations of strategies seem to be ongoing my habits.


Hahahahaha... another irony... Rosewater lecturing the bear wanna bees...   

The above language makes perfect sense if you happen to be a martian... hello?

 

In other words, don't get ur selfie roached.





There is a whole article dedicated to one kind of roach.... https://rentafriend2000.wordpress.com/2015/07/14/new-species-found-the-roach-clown/

Surely Soke deserves merit, right?  

He has nearly 100 1-liner posts, and half of them have come into creation since the merit system was implemented.  

I don't regret giving Soke a merit in an attempt to encourage him, but surely, the encouragement does not seemed to have created substantive or quality posts or even a "go getter" attitude out of him, which could be helpful to anyone who really is interested in attempting to attract the interest of other members to give them a merit... and yeah, we all know that merits can come from anyone, they do not have to come from merit sources...   Maybe Soke will provide some evidence for his assertion?  

On the other hand, probably I would be waiting for a long time before some kind of meaningful and substantively backed perspective actually comes from him?

I might be looking like this if I were to wait?

My understanding is that if you have a lot of deamons inside then your ayahuasca experience is going to be more challenging, and the inside might not look so pretty.

But, hey, I am no expert, and maybe I would even be a bit more chicken-shit to deal with myself... I have also heard that sometimes ayahuasca can help to slay some of the deamons too... I suppose, even if those deamons happen to be bears... might be good, no?

You may need to return ur selfie to peru... confront the deamons and perhaps even become "good friends" with the mountaineous creatures in the midst.... let the boy come out in you, perhaps?    what happens in peru... blah blah blah.. 

And?  What is your time line?  You talking 1 year, 3 years, 5 years, 10 years?    

Even though in theory, the dollar could collapse quite quickly, but those kinds of apocalyptic scenarios seem like fantasy pie in sky scenarios that have been in the making for more than 50 years...   So more realistically, the dollar is not going to collapse all of a sudden, even though there continues to be a lot of corruption that is likely not much worse, relatively than any previous time period....    

In other words, bitcoin does not need sudden dollar collapse in order to a have strong use cases and strong reasons to buy into it for its likely appreciation value.


Edit:  The Pharmacist beat me to it.... 

If anyone thought that it is was good to buy bitcoin on the way up to $20k, then these BTC optimistic folks should consider it to have been good to buy BTC on the way back down too, currently about 65% discounted (in the $6,800 price territory)... ..

Seems to me that, currently, we are in a decent time to accumulate BTC, and perhaps those who purchased BTC on the way up to $20k will be "back in black" earlier if they continue to purchase on the way down, rather than waiting out the situation?  

This seems to be a time (and an investment) that allows for pro-activity, and passivity might cause a less preferred situation, and seems to be a time to possibly own one's convictions by continuing to buy BTC on the way down...

However, I understand that part of the problem might be that some of those folks who had ben buying on the way up in November, December, and perhaps January, did not understand what they were buying, so they too soon got scared and sold their BTC when they should have been buying on the way down to lower their costs per BTC.  Perhaps?

Good time to accumulate some more BTC.. and perhaps, prepare for the future, too, no?

Say it isn't so.