Somebody still believes that we will revisit the $40-$70 area ever again?

There is currently no good reason why an altcoin would perform so well. Keeping track of all of them is also too time-consuming.

There is some kind of skill involved, which I don't have.

Investing 3% of my cryptostash to alts, would in my case most probably lead to same returns but diminished control. Even if it goes up 10 times relative to btc, it will just increase my total wealth to 0.03*10+0.97 = 1.27 (+27%). This is almost insignificant. So in a sense, I think your gain was small

I prefer to keep things simple. That is why I bought bitcoins only after the 2011 bubble, giving it ample time to turn out being a hoax. Granted I paid 10x more than some, but also made the groundwork for successful long-term holding.

Bitcoin represents like 97% of the market cap of all crypto. Therefore for most, you save time by approximating the others to be zero (and not buy them). It takes skill to effectively play the altcoins. Personally I don't want to invest my time for such a small payoff.

Lack of BTC is currently none at all impediment to my progress I could be healthier, though..

+1. We are currently exerting effort to crush the ATH (which, at that time was at $32 and now @266). It will still take at least several weeks. After that, there will be another spike.

Yes. We far too often think that everybody should at all times have behaved in actual circumstances, the way we think is most advantageous:
- given all resources
- and all time
- and assuming it's the highest priority, and
- from the hindsight.

Silly, kick me if I fall on that again..

As you know, brainwallets work such that an easily memorizable passphrase is processed with algorithms, and/or combined with other phrases, to yield the actual password or privkey. If DPR has anyone outside who is allowed to have any contact with him, and who knows the way how the "A-part" (memorized part) of the passphrase needs to be treated to yield the privkey, DPR can just give him whatever amount he wants. The point is to have multiple addresses with different amounts ranging from sub-BTC1 to hundreds.

Even if there is no accomplice beforehand, if some of the stash is encrypted with the standard (or any describable) algorithm, it is pretty easy to tell to anyone both the passphrase and the algorithm.

We can be certain that DPR coins are not in one wallet

This is an interesting riddle. He might have saved the coins in brainwallets, in (comparably) tiny amounts. Even if they come from traceable SR sources, it is rather impossible to show that DPR has the key to them. It is possible to construct a recursive brainwallet with any number of addresses, which unfolds after knowing a single passphrase. Or use several different passphrases.

Since the total amount of commissions is not known, it is always possible to save some coins for retirement.

Hmm... until now it is quite clear that gov has indeed closed silkroad. What else are we SURE of:

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-
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Not much, actually.

I believe, the main questions are:

1. Is Ulbright DPR?
2. Is DPR legit?
3. Are the hitman accusations legit?

The first one seems to be true. (Let's not go into it now.)

The second one can as well be false. DPR may have worked for gov all along, or since initially going bust and after having been offered a deal. Since that, Silk Road would have been a gov operation.

The third one is of course possible, and drug lords do resort to such actions in cases described. However, there is no independent evidence. It is very sad that in almost all matters of importance, the government's side of the story is essentially a lie Considering the details that are offered to us, it seems (for example) unlikely to me that there would be specific demand of torture of the victim. A more likely explanation is that accusations are false, and intended to smear the image of DPR. This is a very common tactic.

Please consider the evidence, and consider the track record of the source of the evidence 

Last60minutes.com(TM):

1-2 sellers sold about 1kBTC in Bitstamp, crashing the price from 125.5 to 122.8. On the buying side I noticed one bot was purchasing in 5 and 10BTC chunks, at market price. After the selling ended, the price rebounded to about 125, leaving the orderbook very thin around the market price (about 4% spread between 500BTC bid/ask depth).

Right now - some action in Bitstamp..

Moving BTC around has proven to be uncensorable (easy). To determine what happens at Gox, it is much more important to know how much fiat currency they have

LOL, in April I took goxusd as payment for silver and gold You will find it in my public diary, those were the days when commissions abounded... The need to buy back silver now is a direct result of those actions in the spring. I took a long vacation in between...

(This time we are talking about selling in bitstamp, as evident from the quote)

After this reduction, bitcoins are still my largest holding by asset type. They are spread in multiple companies and jurisdictions, and - thank you for taking care about me - it is unlikely that I would be able to sell them all in a panic. In April I had a scheme to sell BTC2000, but managed to sell only about BTC300 before the price crashed (the following day). Then I bought back 3 times the amount and then some. Next adjustment down will be about 20%, when the first of the following happens:
- Price rises to 1000-2000
- It generates a 2013-style bubble, even if price is less than 1000
- In March, 2015
- Need to purchase something and bitcoin is most (tax-)efficient to sell.

My prediction that Bitcoin would go to $300k by the end of the year did both good and harm. Financially it ended up doing good. I bought a lot of "unnecessary" bitcoins above the core position after the crash. Now I can sell them at wash (or better), and buy back the silver cheaper.

We were sleeping, since it was night. Sunday night. What is wrong with you?

Just last week I was able to market sell BTC500 there with about 0.7% slippage (I mean sell with one click). I think it was a fair deal, since the intention for me was not to make petty money but to realign the portfolio for the purchasing of more silver. For a trade of this size, it worked very fine. The largest volume I have done there in one day was BTC1,800.

Yeah, his price today was $133, which satisfies me. How can I sell them to him?

This BIT will almost certainly utilize fractional reserve, as all the similar gold and silver entities have done, and act as an agent of price manipulation. (If not, the relevant authorities will shoot it down or make sure it won't even launch.)

Hah, perhaps the selling of 500 BTC will now give a sizable boost to my economy, then

These profits will not actually go to personal consumption, rather I will stock up on silver that is now really cheap. Late March I sold a lot of silver and bought BTC at 70-80. Now not only is BTC up +50%, also silver is down. Reversing this trade in its entirety (which I haven't yet done or even plan to do) would net me about 4000 ounces of silver, and still leave a good chunk of BTC. It is hard to conduct silver business without merchandise.

Buffett says that it is profitable to diversify, if you don't know what to do. Perhaps I don't...

It is exactly these evil manipulators who just dump regardless of the market at large and the effects who keep us from realizing the true value of Bitcoin

Disclosure: I adjusted a little bit down this week. Wanted one of my companies to buy more silver. If anyone is seeking to buy about 500 BTC for a price higher than in Bitstamp, drop me a line. Otherwise I will just dump them.

Do you believe that Coinlab acted in bad faith since the beginning? Why are they withholding the money that does not belong to them?

I think it is public knowledge that $5 million was confiscated from Mt.Gox customer funds. Considering that it is a Japanese company that does not likely have such a sum of their own, excess funds, in foreign currency, this resulted in a deficit and fractional reserve in customers' accounts. It is almost certainly the root cause of this bank run.

Now, the right way to do it (paragraph III.2 - - Special situations). If all firms operated this way, the pressure of unlawful seizures would be directly on the aggressor (USGov), and there would be no bank run possible.