I know that this is NOT a thread about Monero.... but I do NOT understand why Monero or any other alt coin would be put on an equivalent level as BTC.  I realize that there is greater upside potential with some of these alt coins in the event that they are successful... but why, sometimes, does it seem that some people seem to be discounting the upside potential of bitcoin when they are promoting another crypto?   

Even though Bitcoin has already experienced a considerable amount of exponential growth.. I mean outrageous levels in the last 5 years (not so much in the last 9 months), but BTC continues to seem to have a considerable amount of upside potential.. and even it may be able to absorb some of these alt-coin features.. if need be...

Surely, a potential problem with Bitcoin at the moment does seem to be in part connected with the attention that it has gotten and the maybe heavy passion that either governments and/or financial status quo institutions my have in keeping bitcoin in a fairly marginal and even quasi-crippled space. 

Classic!!!!!    The "s" versus the "z"         

Bye, Bye... I am so sad that you are leaving and going to invest in other things... Alright, well good luck.. it was nice to know you... and Ciao.... Don't come back now.... bye.. 

We are Using big words here, but we are NOT really referring to anything new.. except for the internal and ongoing political squabbles in the US of A.

I thought that we were having a back and forth communications of ideas related to bitcoin, and in several respects you were suggesting the doom and gloom for bitcoin. I made several suggestions that it was NOT doom and gloom for bitcoin, and I made various responses to your doom and gloom arguments.  So, NOW, it seems that you don't want to talk about it anymore, so you appear to have changed the subject.   

Wouldn't a civil war cause BTC prices to go up?  Even the appearance of such?

If you lose the bet, you will be rich... (or at least a lot richer) that is if you have a few bitcoins.... however, i take it that the bet would apply for any flash crash (upwards) to $4k, so long as such a flash crash occurs on or before December 31, 2014.  You would have to establish the parameters, though, like which exchange(s) to use as the price measurement.

Are you channeling Mah87?       

Personally, I think that it is good to hear big news events happening with some of the other major crypto-currencies (or payment systems) to the extent that those other cryptos may affect bitcoin news, developments and competition. 

If Newbie is as broke as he claims to be, then you probably need to hold the winning of the bet proceeds in escrow.   

o.k.   How about $3,900?       

You are NOT quite being clear in your above statement.   Surely, I appreciate and understand why you believe that 25% chance for $4,000 before the end of the year is too optimistic; however, are you giving $4,000 by the end of the year a 0% chance or something like a .001% chance or some other number?

I find it a little discrediting when posters begin to dig themselves into such a state of emphatic and become absolutist(s) in their language.

I have NOT heard anyone say or suggest that BTC is the "be-all" and "end-all to life" (or even words substantively resembling those), and actually, I will concede that even though BTC can have a useful purpose, it is similar to any other currency or storage of value when a person is stranded on a desert Island....   But currently, we are NOT stranded on a desert island, the last time I looked.  

What is your trigger for selling your coins?

I thought that you were getting at something like your above explanation, and that is why I suggested the acquisition of several BTC purchasing contracts..... ...

But in the end, maybe you are correct, and there is NOT much ability to acquire a large number of coins off exchange on a sufficiently regular basis in order to manipulate BTC exchange prices downward.   

YES... IF we have Mmitech describing the reasons and purposes of the subforum, then we are totally screwed.   


At this point it seems that mmitech is trying re-define himself as being a BTC trader - when in reality he seems to be mostly inconsistent and largely unable to explain himself or his reasons or his predictions.   

But hopefully, if nothing else, he is working on his communication skills.

I generally buy when prices are going down and otherwise HODL... unless I have a large amount of confidence that the price is going to go down at least 10%...

I never really get those premonitions of confidence about a price drop... especially at this point below $700-ish,,,,,, that's why I mostly buy and HODL and rarely attempt to get burned by trading.

I know.. boring... .. .I am of the belief that I accumulating...

Yes, instead of giving you a free $10 deposit with the opening of the account, give you a proprietary connected device, such as a trezor...   so long as you maintain at least a certain balance of a certain quantity for a certain period of time.

Did you sell and buy back in again after the spike when the price was in the $20s or $30s? or did you just ride it out and then sell later... I recall you sold at various points maybe in the $100s and in the $600s, no?

I'm in a similar age range as you mid-to-late 40s, and I have been building various classes and quantities of assets (including some assets that are more liquid than others) for 25 years-ish....

So, yes for sure age and acquisition of assets do affect strategies, and from time to time, I reconsider my investment portfolio and my risks and my redistribute within the portfolio.

Actually, I have been considering increasing my ability to travel and to maintain my income with location independence living, and there continues to be concern about the extent to which I need to work to preserve my assets or to build my assets and whether I have enough assets and income stream to maintain my lifestyle reasonably living within my means.. and the more passive the income the better.

Last fall I was considering potential ways to hedge against the dollar b/c a lot of my assets have been very tied to the success or failure of the dollar.  In November 2013, I began reading about bitcoin in this context to want to hedge against the dollar.  Not a great time to start reading about BTC, but better later than never, and surely, i am mostly inclined towards thinking that we are still amongst the "early adopters" in the BTC space.   

After doing a quick and preliminary assessment of the bitcoin situation, I started investing in BTC at the end of November 2013, at the peak of BTC prices... However, I realized that BTC prices had just experienced about a 9x appreciation within the previous few months, so accordingly, I began to invest slowly into BTC with my first purchase at just 1.24BTC.  I was cautious b/c I felt pretty confident that BTC prices could NOT keep going up at that rate, but I still wanted to get some skin in the game, just in case the exponential growth continued (I wanted to be onboard for such). 

At that point in late November 2013, I dedicated $30k to be invested over the next approximately 6 months (until May 2014), and I thought that maybe I would end up acquiring about 30 BTC-ish during that period, while front loading my investment to some extent, in order to get some skin in the BTC game.  During that time that I was making some initial investments into BTC, I continued to read up on BTC during that time and more or less stuck with my initial BTC investment plan until about mid-February 2014.   By that point (mid-2/14), I had acquired about 26BTC for less than $20K and an average buy in price of about $750.., but BTC prices continued to be in the $600 range, which was below my then $750 buy-in average.  Accordingly, I decided to UP the amount that I was allocating towards my BTC investments b/c I had been learning more about BTC in the preceding months and I had been gaining increased confidence in its various fundamentals (including adoption, regulations, liquidity, investments,  news coverage and other factors).  

As we may recall that in late February 2014 and in mid-April 2014, BTC had two price crashes (to the $400s and into the mid-$300s respectively).   By one point in May 2014, I was able to bring down my average BTC buy-in price to $595 (including transaction fees); however, my current average BTC buy-in price is about $610.  

I do continue to buy on dips to the extent that I can attempt to figure out the dips, and I have fiat available and dedicated to buying BTC.  I try to keep some on reserve fiat on hand to be able to continue to buy on dips, but it becomes easy for me to run out of fiat when BTC prices are crashing and if I had already bought some BTC at a higher level during the crash (that I thought may have been the bottom).  

Of course, we attempt to buy on the price dips.. but who knows for sure the extent and duration to which the BTC price dips are gonna be, yet in the long run, it seems that it will NOT matter too much b/c BTC seems pretty likely and posed to have another exponential increase in price.. which will likely make up for the much sloppiness in attempting to accumulate more of it.  So, instead of acquiring 354 BTC, a person may ONLY have acquired 320 BTC, but in the end, it may NOT matter too much.. whether it was the higher or the lower amount of BTC in the portfolio.. especially if BTC happens to have one or two more exponential growth periods.