I am not hodling because of the belief of continuous increase in its price. I hodl because...well, what else would I buy with my bitcoins? Certainly not dollars which have the built in functionality of losing value over time on purpose. Which everyone accepts as ok.

Agreed. Looking forward I see a debt bubble in many nations popping.

I am avoiding it.

With bitcoins.

mini-month long bubble return to the mean

Hey gang, sold all at $1850. When do you think it will hit $500 again?

This may very well be the final bubble. Previous bubbles doubled 6 times, 5 times, then 4 times, and for some reason this time it only doubled once. I was expecting 3.

The end to bubbles is a good thing though.

The "return to mean" is over $1700 which I feel is still a decent price.

Is cryptography done?

You're crazy! Weekend crash! We're all gonna die!

Posting steemit links makes him money. Crypto money.

I was warned to diversify back in 2010 by old system investors.

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”

-Warren Buffett

Was just looking into it as a like-kind exchange (IRS section 1031). Doesn't look very promising.


If someone got my cryptosteel they wouldn't be able to get the key without knowing the order I put the key in. I still get paranoid about someone getting it and figuring out my pattern. I have a few different backups.




I will likely diversify once I settle down somewhere. Crypto is ideal for mobility. I should be able to buy some seasteading real estate/stock in the next year. I'm thinking that might be the next big investment.

What I won't do is ever let my gains be taxed. I hate funding ISIS with my tax dollars.

I just recently moved to Korea and was wondering if there is any service available for paying Korean bills with bitcoins. Or some sort of bank transfer.

I don't see much problem with it (other than a perhaps over hyped paranoia of how powerful governments are at manipulating commodity prices). You prefer gold and silver. They are decent and historically fairly stable. A pretty safe investment. I do not discourage buying gold or silver. I was actually looking at some gold websites to see if that could be a "like-kind" transfer of my bitcoins if the price skyrockets in bubble fashion and I want to move out for a few months without tax implications.

However, how would I sell my gold back for bitcoins? Where would I store my gold? How can I move it to a new country?

As time has gone on I have realized that we spend a lot of money on protecting our property. We pay police, state governments, national armies to protect our property. Gold requires spending money either through taxes spent on a safe place to live where you can store your gold. It is a constant cost to keep people from taking your wealth.

Bitcoin does not have this cost. No government is required to protect my string of digits and letters. I can hold my wealth without needing a safe, home security system, local police department, national military, etc.

For some of my bitcoins I recently purchased some crypto-steel and stored some bitcoins on those. I just moved from Afghanistan to Korea spending a few weeks in Thailand, Cambodia, Vietnam and French Polynesia. By moving, that meant bringing my crypto-steel with me (not trusting it to some post office). So here I am traveling with these metal squares through various security. I spent about 15 minutes in Dubai trying to explain my crypto-steel to security (I had them wrapped in metalic tape to ensure nobody tampered with them). I finally had to unwrap one enough to show what was inside (I also had full chemical gear so that was part of the inquisition as well....long story). I ended up checking my bag in with the crypto-steel from there on out and was paranoid every minute that they were not in my possession. Every hotel I went to had to have a safe. I ended up in one hotel without a safe and I only left briefly to eat. I ended up using a bus instead of going on airplanes when I traveled due to the difficulty. Flying from Vietnam to French Polynesia I decided to keep the crypto-steel with me to avoid the worry I had before. I had to explain to a Vietnamese security guard what they were, I used pictures on my phone and was ok after 5 minutes (I was surprised when he said "oh, Bitcoin!").

If I had as much money as I have in bitcoins, in gold I would be carrying around 100lbs(may be way off) in gold from country to country. I can't imagine being mobile with gold.

For most people the cost of protecting your gold is already built into your lifestyle/taxes/home costs. For them, gold is a solid choice. Bitcoin has its place in the future economy and will be the choice for many people down the road, I don't see it as an all or nothing deal. It does not have to be.

Any reason why Bitfinex is lower than Stamp? Did they clear up their withdrawal issues? Or are people just confident that it will be fixed?

They had a movie that they took to a few Indy film fests. The end.

Every dip is likely early adopters cashing out their huge stash. The more that happens the less big holders to dip the price in the future. The closer we get to most people only having around 1 bitcoin instead of a few people having thousands.

The price holding here for a while with no big impending crash would be quite lovely.

If it is found out later that you lied when claiming your assets during a divorce you'll face criminal charges.

Awesome. Sign me up for the government that is so good I would voluntarily pay for their services. And it would be so awesome that they would not need to use extortion to get you to pay.

Where is this magical fairy land?

I saw it as well. Didn't want to say anything publicly to jinx it but you guys caught it.

October 2013 the price was $125 at the start. It doubled in a month to $250 in 2 weeks it was up to $500 a week later it doubled to $1000 then had the ATH within a few days before crashing.

So look at $1250 as our start. We have doubled in a month. Top could be as high as $12,500.

Benefits that someone would voluntarily pay for?