The peak didn't make any sense either and was also driven purely by fear and greed. People need to stick around until it's been drained at this end of the spectrum.

That's a very short bear you have there.

I'd qualify that as when people are truly deranged, not just bullish or gloomy. $20,000 was derangement and you could see that by how rapidly it happened and how rapidly it tailed off. Same goes for the utter euphoria on r/ethtrader where triumph was unequivocally in the bag.

I'll never bother selling with the intention of buying back. I'm incapable of getting it right.

But the more elderly members expressing their views went through the exact same thing. I was underwater for getting on for three years with BTC.

That's just my take for myself. Your circumstances may be very different. Take observations on board by all means but do what works for you above all.

But if you sell into euphoria and buy into fear you're going to do better than 95% of others.

There'll still be plenty to bitch about.

And ideally this election will bring forward some actual action for public catapult and that's going to create plenty of discussion.



Here's the thread that really lit the touchpaper - https://forum.nem.io/t/foundation-faq-core-dev-perspective/20363

And it enforces your point perfectly. There was plenty going unsaid that outsiders knew nothing about.

Agreed. It's an absolute classic noob move but it's also 100% understandable. It's how regular human minds work.

Unfortunately the people you're trading against know this and do not have regular human minds. 

Nice to see the amount of organic enthusiasm and intellectual rigour out there among other crypto communities.

Yup. Walk up and down that lot with a bucket and slap 'em until each one excretes.



Some alts will offer much higher returns than BTC in future. The great lottery question is which one.

Overall it seems an odd time to attempt to outwit the market. Every single time I thought I was a champ, it did the absolute opposite. These days I ONLY do the opposite of what I want to do. But don't listen to me.

Did you do the same at $20,000?

Cos that was ever so slightly a better time to do it.

Where have you been? If you opened the Telegram channels your computer would probably slap you.

Yes. A week is shit. The entire thing's been shit. I'll guess that that tiny a window was created to prevent as many of the 'wrong' votes as possible.

Hopefully a result will be scraped that'll enable some changes as lots of unappetising behaviour has emerged. If not then the foundation will have to be forked and what's left behind will need to have a fork stuck in it.

Retail's a dead end. If it is ever to be a major thing it'll be the last thing to happen, not the driver of anything.

No one buys something to buy something. It's superb for merchants, fast settlement, no chargebacks, very unappetising for buyers who aren't already balls deep. Merchants couldn't afford the discounts necessary to move enough people. To spend it people need to already be in for other reasons.

Savings, independence, neutrality, portability. That's the type of thing that inspires people to get involved.

Sadly as it stands I think it's the opposite.

They're used to paper.  Everything they do is built around it. The futures are provided by names they trust, unlike the physical options. Like most people here they're only after more dollars but at least they're happy to admit it.

They'll have to be dragged into thinking physical is to their benefit. It's alien to how they operate.

There would need to be an army of non traditional finance believers and players to take command of the price via physical options for them to pay attention.

Hey, don't forget the Chinese government also puts EOS at number one or something. That's two extra big thumbs up from operations who command universal respect.

To be fair there've been much, much worse times to buy for well over a year now if you're a long term believer.

I'll bet those sadistic bastards persuaded their children and parents to buy in at the top and have not told them that they themselves own coins.

For Christmas they'll probably give the family home a 55 inch market feed screen in pride of place in the front room, then go to the toilet and crash the price. While everyone else is watching in tears they'll give them 'impartial' encouragement until they wipe their tears away and trade into his sells with a heart bursting with possibilities.

Then the whale goes outside for a 'smoke' and crashes the price again.

After all this time I still haven't fully bothered to wrap my head around its implications.

Speaking as a thicko, all along I've sensed an underlying desire from many to defer to what they think is a higher authority. If that is the case some will look to futures to tell them where to head because it's more 'legit'. In an ideal world the real Bitcoin market would totally ignore a cash settled futures market. It contributes nothing. It achieves nothing. It basically is nothing.

Unlike almost everything else that has a futures market, BTC can be physically delivered and verified within minutes by anyone, anywhere at any time. I'll guess many a futures market exists to create a market from scratch off the back of something effectively intangible that everyone knows is nothing but pure nothingness from the bottom up. That will never be the case with crypto.

I guess that might mean futures traders will increasingly fuck with the real market, but in the meantime that's what we're seeing with Bitmex already. For the last few months it's seemed like the spot markets only exist to be raped so people can rape others on Bitmex.

Conclusion - mainly dunno. Real adoption and real demand and real use by real people would reduce speculation and the tail wagging the dog.

It's too late for anyone to vote officially if they're not registered. They only opened entries for a week which is a fucking joke.

The unofficial PoI vote is inside the NEM wallet in the polls section, but like I said it's not the real vote though it might be taken into account by a few people with real votes.

It will be written in our semi melted faces.

Anyway - https://cointelegraph.com/news/germanys-second-largest-stock-exchange-solarisbank-partner-to-launch-crypto-exchange

The winter may be long. The summer will burn us to a crisp when it eventually arrives.

Lots of time for grooming, style and plastic surgery tips.

I expect an army of Bogdanoffs to show up for the big buck party.