I will say that you do not have to wait for any kind of leg anywhere before you start to implement any such semblance of a JJG strategy.
Well I can hardly start stacking sells at the bottom. Can I? Bottom? We were at merely $5873 pert near exactly one month ago. |
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Hey, watch who you're calling grandma!  Do your children have children ? My children have children that have Bitcoin. XD |
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History has shown that once an asset class bubble bursts, it never recovers to become a bubble again —there are rarely any "second chances", if any at all.
History has shown that the crypto asset class undergoes bubble/burst, over and over again, fractally, with each subsequent cycle an order of magnitude or so larger than the last. |
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Would really like to know what the folks predicting 20k/50k/100k for the end of year are saying.
In my opinion we are in a cycle of <10k - 12k which is just repeating itself.
I'm saying that we'll stay in this range until the supply those who are happy to part with their Korn for $12K measly shekels is exhausted. Then we start climbing again. |
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Capitulation incoming perhaps?
Perhaps. But would this be: 1) capitulation by former bulls who need to acknowledge that the downturn is upon us; or 2) capitulation by short-termedly gleeful bears who need to acknowledge that today's crash has come to an end? |
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thoughts?
Depending on how that plays out I might even entertain the notion of rolling back segwit.
 The MtGox bankruptcy settlement situation demonstrates one more time that The Law Is An Ass. It is pretty well established in western law that such settlements be conducted on a cash basis. It seems the Japanese courts administering the MtGox deal will hew to this doctrine. As such, creditors will likely be 'made whole' [sic] by awarding them the Yen value of their MtGox accounts, calculated using the price of Bitcoin on the date of receivership. Of course, BTC has appreciated exorbitantly since then. Given this, MtGox's residual BTC holdings are well in excess of its debts as calculated as per above. Indeed, the recent sale has generated enough fiat to 'make whole' [sic again] the creditors. After this, there remains ~$1.5 B USD worth of crypto in the MtGox coffers. Again using the established legal protocols, this BTC will likely be considered the property not of MtGox creditors (i.e., after they have been 'made whole' [sic *3]), but of MtGox itself. While the picture is still cloudy, this may result in the rather perverse situation that Karpeles exits this process a very rich man. The good news is that the required selling would seem to be over. The questionable news is the fate of the remaining funds (i.e. ~3x-4x more than sold so far) remains in limbo, and may be sold at any time, given case disposition. The Vonnegut-esqe news is that a single individual -- either corrupt, incompetent, or both, but clearly undeserving in any instance -- may end up a billionaire. The Law Is An Ass. |
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<person> seems to have a lot of anger, which is also inconsistent with someone who has truly invented a paradigm changing system....
Just as a question, why do you think that B follows A? <blah, blah, blah> Sorry for the redaction, but your reply had nothing to do with my question. You'll note that I de-personified the inquiry, yet you seem to be determined to talk about CSW. Why do you think that angry people don't invent paradigm changing systems?Don't be ridiculous. I am making no such claim. Bullshit. It is part and parcel of the claim you are making. Shall I requote your scrawlings which are clearly discernable above? seems to have a lot of anger, which is also inconsistent with someone who has truly invented a paradigm changing system....
Those are your words, bucko. Not mine. So again I ask: what makes you claim that angry people don't invent paradigm changing systems? |
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<person> seems to have a lot of anger, which is also inconsistent with someone who has truly invented a paradigm changing system....
Just as a question, why do you think that B follows A? <blah, blah, blah> Sorry for the redaction, but your reply had nothing to do with my question. You'll note that I de-personified the inquiry, yet you seem to be determined to talk about CSW. Why do you think that angry people don't invent paradigm changing systems? |
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I panic sold some at $13,500 and $10,500 on the way down. I FOMOed back in at $6500 and $8700 on the way back up.
Well played. Cheers! |
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<person> seems to have a lot of anger, which is also inconsistent with someone who has truly invented a paradigm changing system....
Just as a question, why do you think that B follows A? |
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BBC Radio 4 investigation being broadcast now, into Mt Gox / BTCE and the 'biggest Bitcoin theft ever'. Fun if you can get it where you are (not sure if it's easy outside the UK). But some interesting interviews including Karpeles. https://www.bbc.co.uk/programmes/b09tdyjzHow on earth does a person with a speech impediment get a job in radio? Is this some demented form of affirmative action?  In Baba Wawa's defence: before she was a newswoman, she was a Righteous Babe. |
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Just when Greyscale's blue chip crypto fund looked like a lock... |
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Regular people aren't scared to show their ID to a legit company like Jumio.
Maybe they should be. With all the hacks that have been perpetrated over the last several years, why would someone spill their creds willy-nilly over the intertubes? Who is behind Jumio anyhow? What is their track record? Why would the average consumer think Jumio would be any safer with their PII than would Sony or Target? |
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bch is doing all it can to fool bitcoin users
crybaby. BCH isn't fooling anyone. It is universally recognized as the version of Bitcoin that does not contain the segwit poison pill, and supports on-chain scaling -- as opposed to BTC, which contains the segwit poison pill, and has a blocksize so limited as to be a negative issue when demand for transactions increases. Are you trying to tell me that people do not recognize this difference? That they confuse BCH for BTC? Really? |
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And no matter how small/large the hashpower of the miner network is, even if they all collude they won't be able to touch funds from a public address whose private key they don't know.
This used to be true. It is no longer true for segwit transactions. Any segwit transaction in a block that gets rolled back, should the miners agree to do so, becomes an anyonecanspend tx. Which would likely be claimed by whichever miner mines it back into a block. |
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I fear we are still hundreds of years away from really understanding our own wetware.
Larger behaviors are emergent properties of complex systems. This suggests that we will not need to understand our own brains in order to create machine consciousness. Although what we unleash may not be too beneficial to us evolutionary stuck-in-place bio humans. |
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Bitcore already accomplished, what EVERY Bitcoin fork claimed to be forking for.
Haha. Such delusion. Not only does it have the segwit poison pill, but it has a stupid ass choice of mining algorithm. It is telling that there is so little interest in it that it's adherents need to spam unrelated threads. |
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Can somebody point me to ultimate infographic comparing BTC and BCH? One of the main merchant in my country started accepting crypto so I want to make recommendation to accept BCH.
Well, it isn't an •graphic, but you can get good info at cashvscore.com . |
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