Nothing wrong with spending bitcoin.. but mostly you should be replacing any bitcoin that you spend in order that you pretty much keep up your investment allocation in bitcoin (or some kind of bitcoin fund that has dollars and bitcoin in it..... Currently, my bitcoin fund has about 92% bitcoin and 8% fiat.... Sometimes you can take money that you already have in your bitcoin allocated pot, and set buy orders for bitcoin (for whatever bitcoins that you spent) - or you can just buy right away, within a day of spending the bitcoins.. .

Sometime soon after August 1, I had written into Localbitcoins, and I was inquiring how to retrieve my BCH.  They told me that they were not going to Support BCH, so I was losing my BCH.  

Today, I was trying to figure out why there was a discrepancy in my Localbitcoin's account, and I had about 11% more bitcoin's in my account.  So I went back to trace my transactions, and it showed that on September 25, they had given me "airdrop" credits for my BCH in terms of about 11.27%.. hahahahahhahaha... A windfall for me, because I had already been grumbling and complaining to myself and I had pretty much written off those coins.... Magic?  

I think that for some reason Local bitcoins wanted to keep good will with their customers.. and so they deserve a thank you to local bitcoins for doing the right thing!!!!

Your response here make almost no sense whatsoever, especially since you also seem to be an advocate of these supposed take-over bitcoins.  

So if there is any kind of question at all in terms of what is the real bitcoin, then forks are dilutions of the real bitcoin (and does not matter which version you believe to be the real version, as long as there is any kind of market value that is given to competing non-bitcoins)

The only way you get NO dilution whatsoever, is if the various non-competing versions of bitcoin have no value and no perception of value (and what kind of fantasy world is that).  I will assert that through the passage of time, many of these competing versions of bitcoin have a decent chance of going to zero if they stop getting support - but how fucking long is that going to take when you have a number of persons out there, including yourself (whether we refer to them as nutjobs or not) who are either pumping value into them or proclaiming that the competing version is the real bitcoin - and possibly a few gullible folks buy the message because they either really believe it or they think possibly they could get rich from such a outside likelihood of a transformation, if such transformation were to take place.



Actually, this is a real nice step by step description that borders on perfection... hahahahha.. funny I say that about the content of one of your post.. Miracles do happen.    


Regarding your point 8:  There are ways to structure your sales in order that you never run out of bitcoin - even if bitcoin reaches $10 million.  You just project ahead in order that you never run out, which means not selling too many and possibly monitoring or adjusting if it appears that you are selling too many that would cause you deficiencies at various points.  Also, you can use some of the cash that you accumulated based on your step 7 to make a few adjustments, here or there to your holdings and to buy on dips, to the extent reasonable and practical for your situation.. and possibly, also, like you seem to suggest the cash accumulated from step 7 might not ever be reinvested, but possibly just used for personal pleasure (if any of us can imagine such things beyond posting in these forums... hahahaha).

Regarding your points 9 & 10:  I think that there are going to be quite a few of us who may be in a situation similar to this, if we have been employing such a staggered buy/sell strategy for the past couple of years when there has been between 10x and 20x BTC price appreciation, depending upon when you got in and how you had played the matter - so there have likely been quite a few of us having to consider and reconsider these kinds of matters, in part based on BTC performance that may have shot above expectations, while employing strategies to address a likely scenario of "too much fiat."  
After going through this, I have figured out ways to approach my too much fiat "problem" that differs slightly from your approach.  I don't actually cancel BTC sales orders; however, I tend to make those BTC sales orders smaller and perhaps spread them out a bit larger, also you can get into a temporary arrangement of buying back a bit more than you sell in order to help to bring a better balance... another option is just to hang onto the money for a couple of situations such as 1) the price corrects downwardly so much that you want to garner up as much fiat that you can in order to throw at what appears to be a bargain basement situation or 2) just do the outrageous thing of completely removing the money completely from the table and spending it (and actually having some fun with it - far fetched as that may seem   )..

We don't know the exact date of the bitcoin gold fork, yet, do we?

I thought that it was going to be in mid-to-late October?  Did I miss something? 

I know it is quite difficult to keep up with the mucho bullshit that continues and whether we should be keeping track of one thing or another in order to profit from our HODLing (maybe there are various conspiracies to disrupt the HODLers by creating these mucho distractions?)

Me too...


Charlie has the better deal that's for sure; however, Roger probably does not give a shit because he has so much money and he is so filled with emotion, and he does not mind throwing away 250 BTC for this cause...... in order to replace that BTC with something that is lucky to have 1/10 the value...  Sure, a publicity stunt that may cost Roger around $1million... to trade BTC for what is likely to be our newest introduction of a shitcoin.

That does not seem like a reasonable conclusion.

Your response comes off as a personal, rather than substantive response, no?

In other words, I am not high, except perhaps my excitement regarding bitcoin's performance for the whole year...

We are in 4x to 5x territory for the calendar year, so I have been feeling pretty good about that for several months... actually, I even felt pretty good while we were floating around in the $1800s to $2900s for several months from May to August.

So, yeah, I'm feeling pretty good.  I am feeling pretty good.   




O.k.  Maybe you are just forgetful? 

https://bitcointalk.org/index.php?topic=178336.msg22304339#msg22304339

A couple of days ago, you posted some kind of excitement about buying on the dips while the price was going up.. .and sure I responded to your seeming deception, and then now your attempt to recharacterize the substance of your posts.




Yeah.. a non-specific post about a dump that is coupled by various recharacterizations of the substance of what you said (or what you meant) is going to have a better than average chance of being right... especially if you keep repeating the same thing over and over until it becomes correct, and then you say:  "see, I told you"  hahahahaha... in other words... let me provide an image for you>>>>> 




Oh my!!!!! more personal attacks and attempts at pigeon-holing and false characterizations.  Can't really take these kinds of comments too seriously, right?





Oh, so now you are feeling analyzed?  and perhaps stalked?   I can do what I want, and really, your nonsense posts seem to kind of stand out, to the extent that they don't get deleted for being so obviously disingenuous, right? 

O.k.  sure, you are able to slip in a few seemingly quasi-substantive posts, here and there, between your pumping of ripple or some other random shitcoin with your anti-bitcoin misinformation propaganda tour on some random alt thread... 




Why does it matter to me whether you read my posts, or not? 

Really, I doubt that you are even willing to engage with the substance of a large majority of my posts anyhow.  You are not really hear to share information or interact, and you seem to have given away your principle purpose through your choice of your name, right? 

I can assert something kind of positive and that is your name and your actions seem to be fairly consistent.      



Is that why you wrote me a PM a few months back asking me if I missed you?  hahahahhahaha  Either you troll publicly or you troll through various PMs.. whatever.. If you use one of your other sock puppet accounts, then maybe you can be more effective, perhaps?  Maybe you could try to redeem your soul by making a new sock puppet, and name it "I'm gonna try to tell the truth this time"  Maybe that name is too long, but you get the idea, right?   

PUMPY!!!!!!!

Maybe you are a reverse indicator?  

Yesterday, you were here pumping (within the job description of your namesake?).. right before the dump... now you are dumping... hm?  Is it looking good for a breakout, or are we in a fake out?

Like I said in my earlier post, I don't think that we should worry either way because we seem to be in the high side of our current price range..., which seems to be $3600 to $4500 - ish... .. so when you say dump, are you saying that we are going below $3600 or that we are just moving around within the current price range?  

I verified mine is there, too.

Like you said, that's an article with a decent perspective and informative... hahahaha   and posted in MSM, too... go figure...

I have two updates in my thinking about BTC prices.. and since almost no one reads or believes what I say, I will be safe to make these assertions publicly...      .

1) I profess that based on recent price actions... largely traversing into the upper arenas of our old price range, our current price range has shifted up from $3,400-$4,300 (old range), and now we are in a $3,600 to $4,500 range (new range).  Thank you bitcoin...   So, a point that I like to make about BTC price ranges is that you should not be getting too excited about price movement within the range unless we break out of the range (or get close to breaking out), either to the upside or downside - and since we continue to be in a bull market with a bit better chances for upside breakout rather than a downside breakout 56.5% up and 43.5% down.  

2) regarding the more likely upside BTC price scenario, I am thinking that we are going to get a BTC price pump sometime between now and mid-November (of course some of the Ethereum and ICO baloney could throw off some of my anticipations); however, I am thinking that our next upward price move will likely taking us somewhere into the $6,300 to $7,800 range... I am kind of thinking that this projected pump is going to take place closer to the time of the anticipated Segwit2x hardfork.. so maybe early November-ish... After early-November pump 1, people are going to fear a crash because the dumb-ass BIG blockers are actually going to follow through with their fork threat and cause a couple weeks of BTC/Crypto disruption through their stupid-ass sabotage fork and maybe even a 10% to 35% correction - however, when many of the crypto aficionados (and smart money) receive affirmation that bitcoin is not broken and is resilient and dominant to the bullshit attack attempts of the BIG blocker saboteurs, then BTC price will shoot up again.. and let's put that next BTC price shoot-up range (pump 2) into the $8,900 to  $12,900 price range (of course the likelihood of pump 2 would only be in the 60% to 65% or more chance of occurring, once the preceding events were to take place, so currently, it is not a high probability on its own for all events that I assert as probable to happen, because each event has a probability to happen or not to happen on its own and based on a multitude of influences.. so if one of the expected events does not happen, then the non-happening of the one event could put dampers on the next event happening).  

After pump 2 (if it occurs), we would be vulnerable to a 65% or more BTC price correction from whatever, price point we reach.. so yeah, we could well get back into $3k or even possibly lower .. after all of this unfolds.. perhaps?

Just tentative thoughts... based on nothing more than various hunches and watching the developments and dynamics in the bitcoin space.  Like I said ETH and ICO boloney could throw this off or possibly there could be some other material and significant happenings (that are currently unknown) that could throw this off, too... By the way, any ETF approval, if it were to come would not be likely to take place until after some of these late 2017 shake outs, and probably no where before March 2018-ish.

It's true that Chinese regulatory actions and any kinds of actions are overblown - however, I doubt that we should wish for such draconian measures, either on their people or the overall effect on bitcoin.  You are suggesting that there is either no effect or a reverse effect; however, I still don't think it is a good model for other countries to emulate such draconian measures.

Awe  Fuck... let me fix the reference.. .because I cited you in the wrong post, earlier...  Although, in your response, you knew what I was talking about.   This one here has the proper reference.... .





I understand what you are saying; however, I still think that you gotta figure out a way to keep cash flowing into bitcoin.. and I am not just saying because I put my money where my mouth is.

I will give you a hypothetical first, and then I will also describe what I did in 2015.


1) Hypothetical:   
 Let's say that you have a real modest income of about $3k per month.
a)  you spend about $2k per month on food, housing, entertainment, maintaining an emergency fund, feeding the kids throw-up food, etc....
b) you spend about $1k per month on various investments including your business and projects.


All I am saying is take 1% of that.. and of course, you could do even lower than 1%, but bitcoin is likely to continue to be a very good long term investment.  You could consider the whole income - and that would be $30 per month into bitcoin (which could be too high), or you could just consider the business related income which would cause you to inject $10 per month into bitcoin.  Of course you could choose a smaller amount, like .5%, yet my point is that you should continue to set aside something for bitcoin.,. even if you have already invested into bitcoin because there continues to be few other investments that are long term going to be as good as bitcoin.


2) what I did in 2015:  I had spent the whole of 2014 investing into bitcoin, so at the end of 2014, I felt that I had pretty much established my investment stake into bitcoin.  In the beginning of 2015, my plan was to continue to dollar cost average into bitcoin throughout 2015 and into the future; however, to be a hell-of-a lot less aggressive about my investment (as compared with my 2014 approach), since by then, I felt that I had already established a very decent and respectable bitcoin stake.  So, yeah, in essence, I was going to ratchet down to something like 1% per month or some similar amount that worked with my then cashflow.

In late January 2015, I encountered an unexpected business situation, that pretty much screwed up my cashflow from February 2015 until about December 2015 - and the first couple of months were the worst (February and March), but the whole year was kind of fucked in terms of my cashflow.. so yeah, I did have to stop buying bitcoins for the year; however, I only completely stopped in February and March.. while I reassessed and reorganized, and even April, May and June, I was able to begin to buy very small quantities of bitcoin.  What happened through the remainder of the year was that I had a whole hell-of-a-lot of real small transactions; however, throughout the totality of my down period, I was still able to increase my bitcoin stash by about 1.5% for the entire year through my extensively streamlined purchases of BTC... .. and it ends up that those 2015 purchases had pretty much averaged in the $250 per BTC territory, which ends up being between 16x and 20x (depending on if we refer to current prices or the ATH prices from nearly a month ago).

Sure, maybe 2015 was a bit of a unique situation because the prices were so low; however, I still think that it is prudent to continue to invest in bitcoin - which personally, I continue to do, even though I have a stash that is quite decent and adequate - but it also continues to grow on a regular basis, even if only a couple percentage points a year.




Well, I will concede that there can be a variety of approaches and perspectives about this particular topic, but I doubt that your characterization of continuing to buy or invest in bitcoin is fair or accurately made out to be "stupid.

Surely, I can imagine hypothetical scenarios in which people would be selling and not buying more, and those would be scenarios in which they have way too fucking many bitcoins and they are over allocated in bitcoins, and this surely does not seem to be the case with RJClarke..

Accordingly, we should be attempting to consider the case in front of us, rather than some hypothetical situation that is not currently in front of us... and then asserting that it would be "stupid" based on some non-existent hypothetical situation.

I know that your hypothetical situation does not apply here because RJClarke has been making assertions that he would be able to cash out certain portions of his bitcoin stash if the price were to go up to some much higher level such as 3x or 5x or 7x... so in other words, RJC is not currently cashing out of his bitcoins and RJC is not currently overinvested in bitcoin.. therefore, RJC is waiting, hoping and possibly praying (between puke episodes) for BTC prices to appreciate more...

It is my view that in a large number of situation (in which someone does not perceive himself to be overinvested in BTC), then he should continue with accumulation strategies - unless of course, he does not believe bitcoin to be a good investment.  Anyone who thinks that it is reasonable that bitcoin could double in less than 10 years, should be taking prudent steps to continue to invest in bitcoin because that means that he believe bitcoin to be a good investment, and there are not too many investments that you can have that level of confidence.

of course the strategy could differ from mine, and maybe it would be a strategy to just accumulate dollars in a bitcoin fund and to have those dollars ready to buy on dips, otherwise dollar cost averaging might work, too.



I do something like what you are doing, too; however, I do not characterize what I am doing as gambling.  I do characterize what I am doing as a form of hedging my bets in terms of preparing for the downsides and attempting to profit from what seems to be nearly inevitable volatility.  If anything bitcoin seems to be nearly guaranteed to be volatile, and selling on the way up and buying on the way down remain decent strategies to profit from volatility, so long as BTC prices go up in the long run (and BTC prices going up in the long run is a kind of built in presumption that I have that I believe to NOT be based on gambling, but instead my perspective of the solidness of a variety of ongoing BTC fundamentals). 

If you believe yourself to be engaged in gambling, rather than investment, then likely you do not have confidence in the solidness of the underlying BTC fundamentals.

None of these perspectives need to be set in stone, and for this reason if your perspective about bitcoin changes, then it would also be prudent of you to consider ways to adapt your strategy based on your changed perspective.

I doubt that we are ever going to know with any kind of certainty that people understand bitcoin or any other concept, unless those other people are proactively explaining back to us or explaining the concept to someone else and they are actually getting the details right.

I encounter regular people who express some curiosity about bitcoin, and I also encounter folks through LocalBitcoins (who tend to be a bit more sophisticated in their bitcoin knowledge), and even very informed people frequently get important and material details wrong when it comes to bitcoin.

Bitcoin takes a while to understand and explain, and aspects of bitcoin evolves, too.... so frequently, all of us are learning on a regular basis.. and sometimes, we might have to change the way that we discuss bitcoin based on what aspects of it are changing and even based on what kinds of questions another person might be asking or attempting to interact about.

I recall about a month ago attempting to explain bitcoin to a guy who I had met through local bitcoins, who was asking really good questions about forking and attacks on bitcoins and the relationship of bitcoin to altcoins, yet he also seemed to be a kind of newbie to bitcoin.   I walked away from that conversation in a bit of a daze, and I personally realized that I could have handled the whole situation better, and I attempted to explain way too much to him, and he was not ready.. and he caught me in such a way that I did not have a good enough explanation for him...and really I should have been asking him more questions in order that I could have tailored my response to his situation rather than coming off as a bit dogmatic (which kind of came from the way that I allowed him to prompt me...)...

So my point is that I think that we can continue to attempt to learn about bitcoin and attempt to learn about how to interact with people about bitcoin by trying to make  sure that we are getting diverted into the wrong level and/or kind of conversation that might not be fitting to our then audience.

you seem to be using the term "incremental"   WRONGLY!!!!!!         

I am not sure if the above is a good proclamation....

Sure it is good to attempt to lower your cost per BTC, but it seems like a mind block, and even a form of inactivity to NOT continue to acquire BTC (on dips, for example).. especially if you have an ongoing cashflow, a certain percentage of your cashflow could go to bitcoin, no? 

Even 1% might be sufficient, no?

The amount could even be less than 1%, and still be good... depending on tailoring the amount to your own situation.

There are a variety of signature campaigns...

look at this list that is frequently updated:


https://bitcointalk.org/index.php?topic=615953.0

Currently, the ATH is $4980.  For consistency and ease of reference, we use Stamp as our reference point.



Think about the situation.  We have a price battle going on right now, and it is not any kind of BABY battle that is likely to keep BTC prices in a small range (such as you say $4000 to $4500... You sound like you are wishing when you come up with those kinds of small range numbers during an actual price battle. 

Currently, the price range is $3400 to $4300 and it seems that we are quite likely to break out of the range.. so that will cause interesting dynamics.. it may shift the price range up, but it is not going to stop the battle and it is not too likely to stay within a small range in the next few months.... could happen, but not too likely.

If we go to $32k in the next week or so, that is going to trigger me to sell a lot of these buggers, so that is one way of shaking me out of my supposedly incrementalism strategy...  

Such a situation would be sooooo stressful, because in such a passing, I think BTC would be very likely to get a correction back down to $8888-ish.  

Call me a party pooper.      

what is the difference between "permanent fashion" and non permanent?



And, by the way, you peeps think about the price?..

I am kind of thinking that there is enough momentum here to bring us to $4444-ish? 

And, really I did not think that we were quite ready for "straight up," yet... I mean, if we were to go to $5k without some kind of correction, it seems that there would not be enough fuel to really go up and to break through $5k...

Of course, we are frequently surprised... so what's gonna happen?  in the next week or two, perhaps?

I don't mean to be too critical nor pedantic with my earlier posts; however, ultimately, you need to play with the strategy (sell on the way up and buy on the way down) in order to get comfortable with the level of increments and the quantity of coins, and I made a lot of mistakes in the beginning too.. when I sometimes got emotional and sometimes deviated from the plan.. but it does work if you figure out a kind of small enough level of increments and you are really only selling and trading profits, rather than principle.

Furthermore, when I began, I was buying/selling in very small increments, but as the price goes up, my increments go up... so currently my increments are like $100.. you have much bigger increments than me, and I think that you gotta stack first and play for a while with smaller increments to build your stack on both sides before you start moving to BIG ASS increments... but whatever, you play with it and figure out a variation that works for you and your situation and without stressing yourself out about it.

I have been employing such a strategy (sell on the way up and buy on the way down) since $250.. so I surely have sold a whole hell-of-a-lot of coins at prices in which the price never came back down to those levels, and I still have considerably more coins now than when I started  and my average cost per coin is down and while largely using only profits to buy back.

EXACTAMENTE!!!!!!!!

Even the Blind are starting to get it!!!!!!   


That is exactly the point why you gotta set your sell orders low and stop fucking trying to gamble with your bitcoins.

The point is to accumulate bitcoin and to protect your portfolio from downside risk, and don't be selling too many of them... what if we go to $10,500+ and then you sold 85% of your bitcoin between $4250 and $7320.. and then you don't feel like you gots enough bitcoins to sell above $7320.. and then that means you have blown way too much of your wadd and kind of screwed yourself over from what is reasonably within the realm of possibilities  -and that is bitcoin's tendency to overshoot expectations.

So in the end, we gotta set ourselves up to prepare for overshooting.. and to expect the unexpected.