You still seem to be attempting to overly simplify and to deny organic growth and also the fact that bitcoin prices have been considerably depressed for almost 2 years.  Sure some of the matters that you describe factually happened and are happening, but they do not exactly explain the price or suggest that price is largely being influenced by the actions of chinese people.

You seem to be the one with your head in the sand and helping to distribute these kinds of extraordinary manipulation theories without proof.  Yeah, of course there is some manipulation going on in the bitcoin space because the market cap remains small, and prices are largely set by a subset of coins on exchanges.  Nonetheless, the demand for bitcoins is larger, more complicated and much more distributed and organic than you seem to be attempting to make out with your overly conspiratorial speculations about what folks are doing.

If there were really rich people manipulating bitcoin, they would have a lot of incentives to keep the price below $500, but they kind of lost control over that in the past few weeks, to the extent that some of those folks were attempting to contain bitcoin.  Once price got passed $500, it has become very difficult to contain bitcoin and to get the prices to go back down.. Sure in the end there are manipulation successes, and sure they may be able to get bitcoin's price to crash.. but at the moment there is a lot of organic upwards price pressures that is making it tough, even for manipulators, to contain this bitcoin beast.

You can say that you are keeping your eyes on the exchanges all that you want, but that does not make your assertion true.

Correlation and causation is not the same thing.   Regarding exchanges we have a bit of a symbiotic relationship, and some times one exchange or set of exchanges will push the price more than others, but it's a BIG ASS myth that China controls exchanges and/or mining merely because there exists a lot of volume there. 

We do not even need to arrive at a conclusion that some of China's volume is fake in order to understand that trade action in China does not completely (or even largely) control the price.  Also, volume is achieved in China too due to low or non-existent fees which inspires the use of bots and frequent trading on low price intervals.

Your point regarding miners driving the price, also, makes little to no sense and seems to be a further attempt at describing bitcoin as some narrow phenomenon pushed by a small group of folks and/or entities.  It also logically makes little sense.. Sure there is some incentives for miners to attempt to push up the prices, but at the same time, the bitcoin market is a lot more organic and larger than you make it out to be with a lot of players around the world.. developers, exchanges, hoarders, speculators and increased adoption, which also fuels demand.

Maybe you are making fun, here?   But,I sense that the bitcoin space is expanding and there are various competing whales.. sure sometimes, there may be some coordinated success and signaling... yet I believe that the actors are fairly complex and diversified and sometimes work together and sometimes compete, and there are so many exchanges, too that can cause signaling and leading and following.

O.k.  Maybe I am kind of assuming too much about folks when I suggest targeting 10BTC to 100BTC.

If someone is really brand new to BTC, then they may need to figure out a way to budget a portion of their income.

Let's say for example, that you have $1,000 per month in income and your rent and basic expenses cause you to have to spend about $750.  Then you have $250 left, but you have other expenses too, and maybe in the end, you can only afford $100 per month.

Everyone is going to have different amounts that they are able to set aside depending on their circumstances, and bitcoin likely remains a decent investment, but there may be a need to engage in a kind of dollar cost averaging investment, in the event that a person does not already have a savings that s/he can transfer into bitcoin, and s/he just puts in as much as s/he can reasonably afford to do so without causing personal hardship (s).

I wouldn't personally be comfortable taking any more than 10 or 15 % out of my BTC investment fund in this price range, but that is just me, i suppose.  How much have you taken out?  100%? 75%? or some other amount?

Yeah, pure fantasy, wishful thinking and attempts at doomsday FUCD spreading.

Wright seems to have a personality that is psychopathic, so he is beyond being a twat.

Furthermore, his behavior is internally inconsistent and does not even come close to matching Satoshi's online persona... so it is fairly insulting for him to claim such.

As far as having access to any of the 1 million or so coins through a trust, that is likely purely baloney as well, and if there is any such trust, sure he may have been attempting to scheme ways to attempt to get some kind of access or claim upon some or all of those coins, which was likely another form of fraud...


So no need to give Wright any kind of benefit of the doubt, because the dweeb twat doesn't deserve one iota or deference.

I will concede that maybe I have a false memory in this regard.  I thought that we had some communications regarding such subject, but surely it is possible that I am mixing you up with someone else.




Yeah.. conservative in respect to my bitcoin investment, and sometimes that is reflected in how I talk about my anticipation of Bitcoin's future.

I believe that none of us are really beyond attacking, either when we are being attacked or when we are recognized the posting of repeated nonsense.  I certainly am not beyond attacking folks, especially when it seems warranted.

I recall when you and I first started interacting, you asserted that you were about ready to put me on ignore because you felt that I was attacking Stolfi too much, and in essence, I explained to you that  my perception of Stolfi was based on a series of his apparent passive aggressive posts in which he was continuing to spread disinformation and to selectively spin facts, which was very misleading, even though he was nice about it, he deserved to be attacked from time to time...  and maybe even ferociously...??   hahahahahaha

I am pretty tolerant of debate and disagreement and even some bullshit arguments when there are attempts to back them up with either logic, facts or both... but I do sometimes begin to lose my cool when attempting to engage with someone and they continue to just spout out talking points and it seems to be more of an effort at misleading, rather than an attempt at genuinely pointing out some kind of bitcoin weakness.

Really it seems to me like you are reading too much personal into what I am saying. 

I could give a ratt's ass about your personal investment, because that it ultimately up to you to personally attempt to align that with your views and your personal circumstances.  Sometimes, yeah, we may discuss some of our personal holdings because we are attempting to brainstorm about allocation or portfolio management strategies or even just attempting to clarify our views of the BTC market in light of our own personal BTC holdings.

When I say it is not looking good for you doomers and gloomers, I am talking about your past (and or present) predictions about bitcoin and where bitcoin is at currently.










That's your deal whether you decide to talk your book or talk against your book or otherwise.  I personally don't think that it is too relevant, except to the extent when guys may accuse a poster of distorting reality based on "talking his book".  I may have accused you in the past of talking your book, but that has not been a recent accusation of mine, at least towards you... although you are likely somewhat astute to recognize that I may in the future lobby such an attack towards you.... like for example when you seem to be attempt to pump and pimp precious metals (pms)  - especially in a thread like this where such pm pumping pimping is largely irrelevant to bitcoin discussions (except maybe from time to time or sporadically to make some factual comparisons, rather than pumping/pimping them)


Your choice.  There are plenty of people buying at these prices, and seems pretty likely to be lots of folks buying even above these prices, depending on how things play out in the coming days, weeks, months.



The scaling issue is sufficiently being addressed by a variety of measures including seg wit, and really, a lot of folks (and likely including the market) realize that bitcoin is not broken like the FUCD spreaders were in the habit of propagating such baloney, and many folks are coming to realize the preposterous nature of such ongoing and loudly vocalized claims.  If you really believe such nonsense that is on you, even though you are bringing it up while at the same time suggesting that you are purportedly "seriously concerned."

Personally, I think that one of the more important points of this LinkedIn sale is to point out the value of LinkedIn as $26 billion, and bitcoin is likely much more valuable (at present day) than LinkedIn, and therefore, we should easily be able to witness a doubling of the bitcoin's current priced based on such recognition of such bitcoin value.. which is likely soon to come.  A question remains regarding recognition of Bitcoin's value... which sometimes can take some time and some media attention and educating of the public.

1) part of the strength of bitcoin remains it's actual invention that starts from a super strong foundation that solves the double spend problem.. and there is a large enough community of persons, both in the development and in the mining community that recognize and respect that any changes to bitcoin cannot compromise foundational bitcoin principles - or otherwise convert bitcoin into something that it is not.... and the survival of the attempt at a hardfork likely taught a lot more people the lesson of identifying threats such as XT/classic and the like.


2) I suppose that there is nothing unusual about having disparate and combative views in the space, and we cannot necessarily expect any such kind of harmony (except maybe in a thread like this in which you may likely remove the shills).  In any event, when forums are not very much censored (such as the WO thread), there are going to be a lot of strong views, and only the real obvious shills and trolls are removed, the others are going to be able to express their anti-bitcoin opinions and to muddy the waters especially if they at least attempt to provide some evidence and/or logic for their views (even while sometimes spreading misinformation, at the same time). 

Naw... $350 to $500 was not a bad place to be floating for several months, especially compared with being stuck largely in the lower $200s for 3/4 of a year, and also the whole bear market that seemed to play out for nearly 2 years.

By the time we reached $350 to $500, it was beginning to become quite clear that the bear trend had reversed, even though there were a bunch of rage quitter wanna bees, bitcoin nayspreaders who seemed intent on either causing a neutralizing of the reversal of the bull trend or to resume to a bear trend (or minimally flat).  And, if you do not forget, you were contributing to that nonsense FUCD spreading... and difficult to give you any benefit of the doubt regarding the extent of your fantastical nonsense.

We are in a very great place right now, even if we were to get a correction into the upper $500s, which does not seem too likely at the moment... Currently, in spite several corrections over the past couple of days, we are experiencing a considerable amount of upwards price pressures on BTC.  I don't know if we are going to break $850, but at the moment, the current market conditions are looking pretty good for such a break.  At the same time, we are getting some resistance in this upper $700s and such resistance can continue within the $750 or so to $850 price range, and accordingly either bears or bulls could win such a price battle, but either way, bitcoin still is in a very decent place, even if we get a significant price correction from here.


By the way, whether you are in the green or not (significantly) seems to be quite irrelevant to this whole topic.  Why does it matter whether you are in the green?  Do you think that we are competing against each other regarding who is in the green or not and by how much?  It does not matter, and the main thing is whether you have set up your various investments in accordance with your own financial circumstances and your views about bitcoin and your risk profile, no?

Who is powned?   or what?

yeah right..     Looks who is back?  Gimpy himself...   Bitcoin is gimpycoin right?    Remember your strong and repeated prediction that bitcoin is stuck in a channel between $350 and $500 and never going to go above $500, EVER?  Remember that nonsense  that you were spewing earlier in the year... ?  Yeah, this year... so I guess your prediciton of never does not count for less than 6 months later?

You are a goofball, and I surprised that you or your buddy, BJA ( oh where is BJA) want to stick in your shilling.. just in case there could be a trend reversal...   Currently, not looking so good for you doomers and gloomers? 

Some times Tzupy is lowballing and exaggerating, but I find him fairly reasonable overall, as far as bears go.

Nonsense. 


The one whale theory is total baloney, but you keep on with it for months and months and months...

do you really believe such nonsense?  Is there actually any evidence or logic for such an extraordinary claim?  Remember the saying that extraordinary claims require extraordinary evidence... ?  Where is it?

Wow... on the latest correction from $778 to $707, I stocked up, and I reallocated from about 90% to about 94% BTC.

I guess each of us have our practices.  I think by mid $800s, I may go back down to 90%, because even though I am fairly optimistic, I am not sure whether we can make it through mid $800s without a major correction...

But if we make it through mid $800s... then you are going to be buying a lot higher in order to catch that stage of the rocket.

Yeah, the blue line shows a tiny bit more than $13.5 billion... So clearly we could count that or maybe $14 billion just to be clearly in the clear and unambiguous.

It will be exciting this weekend to see if we start to get close to breaking into $800s... or maybe we will have to wait one more week or a few more weeks? 

We almost got spoiled by the last three weekends in a row, which almost cause an expectation that something is going to happen either this weekend or next week?  Anyone?  I'm placing breaking into $800 as a bit greater odd than breaking below $680.... You see that I have been somewhat tempered by two years of bear dumps.