I'm glad I made my fomo mistakes well before this dip. Otherwise, I'd probably be making some pretty awful decisions today and posting a whisky fueled rant on here right about now.
Instead, my fiat arrived this morning to my exchange and is now converted to BTC. BTFD FTW.
Here's what gets my goat. I don't trade and my fiat fountain has temporarily gone dry. Dips like this go to other people. I honestly don't like that. There's a competition in me... Mortgage the goat. |
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Do you honestly think that the motives of Jihan Wu and Roger Ver are to change the world for the better? Really? Have you followed their actions and their modus operandi? And you have decided to side with them and support Bcash? If that is true, then I'm afraid you are self-disrespecting your own achievements. It's sad, really...
I communicate directly with both of them, have met both in person and had lengthy discussions with each. I believe they love Bitcoin for the same three four reasons I do: 1. The technology behind bitcoin is interesting and novel; Satoshi solved a long-standing problem in computer science. 2. The adoption of Bitcoin would change the world for the better, by giving us a better form of money. 3. The potential to earn of a huge amount of money. 4. I'm a wannabe felon.FTFY Roger Ver has done a huge amount to further Bitcoin adoption. Perhaps more than anyone else besides Satoshi Nakamoto. He truly loves Bitcoin and wants to see all of the world adopt it. That people now abuse him for trying to fix the problem of high fees and unreliable confirmations is heart-breaking for me.
Your dreamboat:  taken from: https://twitter.com/AwashInEchoes/status/943921356525260801 |
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I'm going to start to panic soon. I don't like it when Bitcoin goes down a lot, then doesn't come right back up.
Some perspective, Rosewater: Bitcoin has remained above $10,000 for only 20 days now, and above $15,000 for 10 days. (Bitstamp) It has traded above $18,000 a whopping 4 days, only 1 of which it remained above $18,000 all day. Bitcoin IS up, and remains bullish AF. You just need to zoom out on the charts. Start looking at 1 day candles, instead of 1 min. Go for a walk. Try and forget about Bitcoin for a week. A month. A year if you can. Go on vacation. It'll still be here when you return. |
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Peter - answer the question: who does Jihan Wu report to?
Putin! No, wait, that's Vitalik... |
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If by "shill" you mean someone who has volunteered thousands of hours and years of my life to help grow Bitcoin into a global peer-to-peer electronic cash system, then here are some of the ways I've "shilled":
1. In 2014, I I I I I I I I I ad nauseum
Clinical narcissists tend to overuse the words "I" and "my" in their ramblings because they tend to self-reference alot. You managed to cram it in no less than 10 times. Please go seek some help. Sure, I'm proud of what I've accomplished; I'll admit to that. But the point I was trying to get across is that calling me a "shill" is pretty silly when I've clearly worked very hard to help grow Bitcoin for the last several years, as I just demonstrated. From my perspective today, we have two visions of "Bitcoin" competing with each other: 1. BTC is digital gold to be held and not spent; friction is a feature. 2. BCH is peer-to-peer electronic cash with low fees and reliable confirmations. Both are achieving their "visions" right now. Let's continue to watch the experiment unfold and see which the market comes to prefer. Only one of these is achieving their "vision" through ASIC exploits, mining cartels, spamalot, insider trading, and downright petty tyranny. "BCash, BCash, Beeecash" |
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Any vets out there caring to calm my nerves with some words of wisdom?
The market is waking up the fact that BTC is digital gold designed to be held and not spent -- that high fees and transaction friction are a feature and not a bug. The market may reprice BTC as a result. My advice as a veteran since $49 is to take some profit if you're well into the green to soothe your nerves, and to make sure you hold at least 1 BCH for every 1 BTC you hold. Don't hold BCH. Peter is a shill. If by "shill" you mean someone who has volunteered thousands of hours and years of my life to help grow Bitcoin into a global peer-to-peer electronic cash system, then here are some of the ways I've "shilled": 1. In 2014, I developed the first ECDSA signing tool capable of signing Bitcoin transactions offline over an air-gap by drawing power from the NFC field [video]. 2. In 2015, I co-founded (and still co-manage) the first peer-reviewed scholarly journal for Bitcoin and blockchain research, Ledger. 3. Also in 2015, I did research to demonstrate that a transaction fee market would exist without a block size limit [ paper] [ video] 4. In 2016, I co-founded Bitcoin Unlimited, which is now a $10 million+ organization that supports Bitcoin research and outreach across the world. 5. Also in 2016, I did research to show that with subchains, bitcoin's transaction capacity could be increased while also providing faster TX verification by miners to users [ paper] [ video] 6. In 2017, I demonstrated a security weakness in segregated witness [ video] 7. Also in 2017, I spearheaded the launch of the $3 million "Gigablock Testnet Initiative" and presented our initial result in Stanford [ video] I have done all this to date as a volunteer because I love bitcoin and hope to see it change the world for the better. All this to wind up on the wrong side of history. My my. |
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Any vets out there caring to calm my nerves with some words of wisdom?
Bitcoin is up 90% this month and 1800% this year. That help? |
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Charlie Lee "sold all his litecoin" to "prove" he has no conflict of interest promoting Litecoin. No Charlie, that's not what that would prove!  It proves that you are spineless. A disgusting fish faced gook who stands for nothing! Congratulations! Somehow dumping Litecoin at the top is supposed to be applauded by your nimwit cult? Hi, I'm Charlie Lee inventor of Litecoin. It is an amazing system for sending value, it has massive room to grow, you should buy it now that its moved from $2 to $300! Oh you want me to show you how it works? Sorry, I don't own any. Fuck You! Imagine if Steve Jobs sold his iPhone to prove he didn't have any conflict of interest with it's future development. He already profited from it's rise and now has no vested interest in its future. If it fails, he can shrug while his cult bears the financial bruising. What kind of leader says, "Do as I say, not as I do." What a dolt to cause such damage to his own product. |
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Imagine if Steve Jobs sold his iPhone to prove he didn't have a conflict of interest in its development.
Nice how he helped and waited for pump before ditching his own technology. Having already profited, he no longer has a vested interest in its future success or failure. He can shrug any losses off while his followers bear any financial bruising. He's all in solely on the honor of his ego now.
What a dolt.
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As the cryptocurrency markets take off both in value and in mainstream media coverage, new people (early adopters) have begun to consider purchasing cryptocurrencies, sometimes guided only by holiday dinner conversations with young relatives, chatter or advertisement on Twitter and Instagram, or the advice of news broadcasters that may or may not fully understand cryptocurrency themselves. But where there is money and an amateur consumer, there are also those looking to take advantage of naivete or inexperience, so new early adopters of cryptocurrency must be alert. Bitcoin is the unit of digital currency that is specific to, and may be transmitted by, the Bitcoin blockchain network. Furthermore, Bitcoin acts to secure the Bitcoin blockchain by aligning the financial incentives of various actors in a transaction so that trust can be assumed without the validation of identity or reputation, and without permission for a transaction being given by a banking institution or other traditional gateway. Cryptographer Adam Back, the inventor of proof-of-work system hashcash and the co-founder of Blockstream, explained the interdependent relationship between Bitcoin and the Bitcoin blockchain saying, “Bitcoin is the tokenized representation of security in the blockchain, and the blockchain is a distributed data structure that provides security.” Just because the Bitcoin blockchain and thus Bitcoin have been technically safe and secure historically, this does not mean that other blockchains and cryptocurrencies will exhibit the same long-term reliability, security, and resiliency against attacks. It’s critical to understand what you’re buying when you acquire a cryptocurrency, as well as what technology, team, and processes that cryptocurrency (i.e. your value) is secured by, just as you would when you select your traditional banking institution. Notably, there are those who try to obfuscate exactly what a particular cryptocurrency “is” in order to sell it to you, and in this arena, you’ll be tasked to figure it out yourself. The rules that have applied in the traditional markets don’t apply here. Consider this scenario: Your teenage son, daughter, friend, or family member is establishing their very first bank account. They’ve heard that you’ve long banked with Bank of America, and know that you’ve found your money in your account each time you’ve check your bank balance, and that when you’ve want to process a check or send a wire, you’ve been able to. This teenager has a positive brand association with Bank of America via your good experience, though they don’t deeply understand how retail banking works and are not entirely sure why they need or how they’ll use their bank once they have an account established. For them, asking the right questions is a challenge. So, when this new user discovers Bank of America Cash — a competitor to Bank of America (BofA) that uses the exact same historical processes as BofA, but promotes half price wires — it’s an attractive proposition. Bank of America Cash (BofCash) has an entirely different team and management structure and has already begun implementing a different standard of practice. But without asking “the right” questions and pursuing a path of independent research, your teenager may never know of any of these differences or their consequence and could still choose to open an account with BofCash. By the way, why did this new bank choose the name Bank of America Cash? Could it be that they hoped to confuse new users? In the traditional business environment, a trademark would prevent this form of apparent intentional brand confusion (BofA versus BofCash). In the cryptocurrency arena, however, trademark generally does not apply and is not used. New users and cryptocurrency buyers beware: You must do your own research before purchase. The confusion described above faces people newly coming into the cryptocurrency arena. Nowhere has this confusion been more pronounced than with Bcash, a cryptocurrency claiming to be “the real Bitcoin” and lobbying to be called Bitcoin Cash. How can Bcash be argued to be “the real Bitcoin”? Because Bcash launched in August 2017 using the historical Bitcoin software and transaction history, and because a couple of very early Bitcoin adopters have claimed it to be true. More importantly though, for those considering to store value in Bcash (aka BCH, or Bitcoin Cash to its marketers and community members), the Bcash blockchain includes neither key Bitcoin technology upgrades, the large and distributed developer community of Bitcoin, nor the breadth of stakeholders that comprise the Bitcoin ecosystem (including a quantity of miners that participate to secure the network) — much of what constitutes the network security for Bitcoin. In short, Bitcoin Cash is not Bitcoin regardless of how much it might wish to be, just as Bank of America Cash would not be “the real Bank of America” if a lack of trademark rules had ever allowed BofCash to exist and claim to be BofA to those just learning about consumer banking. Bcash is just one of many cryptocurrencies that have launched with the claim of fixing problems in Bitcoin. As the use of the Bitcoin blockchain has grown, the network has started to run into scaling issues. This issue is defined by the existence of a greater number of Bitcoin transactions that need to use the Bitcoin blockchain than the blockchain can immediately accommodate, and this issue manifests itself to users via occasionally longer wait times for transaction confirmation and higher transaction fees. What Bitcoin scaling issues do not manifest is network downtime, security vulnerability or threats to the integrity of its core promises to users. In other words, as Bitcoin gains popularity, it faces standard growing pains that will cause some users additional friction in transacting, but that does not expose any users to the threat of lost Bitcoin. The Bitcoin blockchain is demonstrated over the course of nearly 8 years to be secure. Moreover, scaling upgrades have been made and are continually in development. These upgrades have to date prioritized the security of the network and of users’ Bitcoin. Bcash also addresses the issue of blockchain technology scaling, as many other new cryptocurrencies attempt to do. Bitcoin Cash (Bcash) focuses on scaling the Bcash blockchain by increasing the number of transactions that can be immediately and concurrently processed by the blockchain. This is meant to decrease average wait time for transaction confirmation and to lower transaction fees in a method referred to as on-chain scaling. However, experts in digital currency have described very serious security vulnerabilities inherent in Bcash’s method to scale; further, it may have the effect of centralizing control of the network. Bitcoin, on the other hand, has chosen a path that will also ultimately allow for a much greater number of transactions to be immediately processed on the blockchain, but in a longer-term development process and with a focus on network security and continued decentralization of control. The August 2017 SegWit upgrade puts Bitcoin on a path of both on-chain and off-chain scaling. SegWit provides on-chain scaling by separating the base transaction data from the signature data, which reduces the data transmitted in a transaction and in doing so allows higher concurrent transaction volume on the Bitcoin blockchain. Additionally, SegWit will have a profound effect on the innovation that can take place in second layer protocols — those built on top of a blockchain. Both entrepreneurs and investors are looking ahead to these new opportunities, which include the opportunity for off-chain scaling. For cryptocurrency users and those new to the arena especially, the technical security inherent in the blockchain is critical, and security most robustly exists and has been historically demonstrated in Bitcoin. http://www.ibtimes.com/why-cryptocurrency-beginners-should-invest-bitcoin-instead-bitcoin-cash-2630324 |
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Look, they scrawled their names on the floor...  |
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Haha who sold at $14,001 on GDAX?
Either a moron, or a guy trying to dump the price even further. So in either case, a moron. And whoever bought... hat tip to you, sir. |
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Haha who sold at $14,001 on GDAX?
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So, what was announced for January 2018 is happening now? Crazy coincidences ... .
The only thing scheduled for Jan was the release of the coins. That hasn't happened as far as I can tell. They said nothing about going full retail until they just did. My coins were released already. Ah. It all happens at once then. Strange, I can buy but I cannot sell BCash from the Coinbase interface yet. There is no trade history on GDAX yet but the books are starting to fill. I only kept a small transactional amount on Coinbase. All my cold wallet BCash is long gone. |
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So, what was announced for January 2018 is happening now? Crazy coincidences ... .
The only thing scheduled for Jan was the release of the coins. That hasn't happened as far as I can tell. They said nothing about going full retail until they just did. My coins were released already. |
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I just threw up in my mouth a little. |
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Most of the traders are too emotional to make real profit. The only way to prevent the bankruptcy is to learn to hodl. The usual scenario is like this:
1. Buy Bitcoin.
[...]
14. Oh, no bitcoin is down 10% again. Go to step 2. Rinse and repeat.
Balance at the end of the year:0
So much. So many people approaching me asking about altcoins ("it's rising so fast and much better because x,y,z bla") just to come back to me a week later telling me that they bought back into BTC. I've got a different dilemma. I started out all BTC. Then I added 10% LTC which promptly fell to less than 1% during the 2014-2016 drought. So pitiful I couldn't even be bothered to sell. Then holy shit the chikun arose and now miraculously makes up 20% of my stash! Meanwhile, during the clone wars, airdrops and forks started appearing left and right... Lumens, Byteball, Bitcore, BeeeeeCash, BitGold, popping up like arcade games bonuses, pew pew! I ditched all the shitforks, but the shitalts I diversified just for giggles, representing less than 1% of my stash. But now these shitalts are worth like 5% of my stash and growing. Together with LTC, we're talking 25% of my stash! Every time I think, ok NOW is the time to convert to BTC, the pile of shit keeps just keeps growing! I've got total decision paralysis over this. Sell the shit, keep the shit, sell the shit, keep the shit?!? Meanwhile, the pile of shit has become sentient and starting to talk back to me and has even possessed Brian Kelly, who's screaming buy the shit, buy the shit!!! Holy mother, who's next, Jim Cramer? Booyah!  |
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