Seems that "we" should not be making rash judgements based on one-minute candles.   

Lift off?

Observing $11,659 on the 1-minute candle (2 minutes ago).

Thanks for the link Loyce.

Now that I looked at theymos's description of those sections and I browse through the thread titles of those sections, I recall coming across and looking at those sections previously (maybe a couple of years ago?)... yet I had forgotten that the forum had such sections, which probably goes to show that I have not been active in such sections (to date)... or if I had read or posted in any of the threads in either of those sections, I had not realized what section I was in. 

If you merely lost access to your bitcointalk account, and then you were able to get access back, it might be helpful to make sure that you also take some additional security precautions for other accounts that you might have, because you could be targeted in other ways, and whether there was information on your bitcointalk account or just that some hackers have been put on notice that you are a bitcoiner and that you might have some accounts that could be targeted by hackers.

I understand that it can be quite frustrating to lose access to accounts, and I have been there, and it is a bit more frustrating to lose some coins out of any attack, and sometimes it is difficult to trace which accounts were compromised first or how such compromise might have taken place, whether it is phone numbers, e-mails, various authentication mechanisms, or other means that are used to secure coins that if they get taken, such transactions frequently are irreversible.. and compromising of accounts that have value on them could be very short periods that end up causing irreversible transfers of value from valid account holders to hackers who do not deserve to receive such value for free (or nearly free).

By the way, regarding your suggestion that another $12k ride might be pending or upcoming soon,^tm I surely hope that you are correct about that UPpity direction.  It would be nice to break past the $12.5k arena and to find out the extent that there might be resistance in the $13,880 arena.. Some of us are likely "curious" about that, including yours truly.  

I will concede, that it would not be the end of the world, if we were to go flat or get a BTC price correction from our current $11,500-ish price point, but usually, generally speaking, UPpity feels MOAR better for many of us WO regulars (aka BTC bagHODLers).  


I gather that you drafted your above post using the notorious and infamous hunt and peck method rather than a more effective kermit the frog method?



 

O.k.  Finally, I am caught up in this thread, and I followed through with my personal resolution to read all of the interviews (does not mean that I understood anything that I may or may not have attempted to read... hahahahahaha).

Below are all of my responses to interviews and some other points that have been made in this thread as of the time of this post.  

Hopefully zasad@ does not conclude that I am cluttering this thread too much by making a variety of responses... and surely, after I have read through the interviews up-to-date, I feel a bit more prepared to read future interview responses and perhaps to attempt to get more out of them (as was my previous comment that I believe that it can be more difficult to get the flavor of a written interview, as compared with some kind of live or "in person" interview - and probably I am guilty of boring members to near death too when they try to read through lengthy responses that come from me from time to time).

Probably, too, I am going to tentatively agree with zasad@'s presumption that some advantages could come from a written format - at least in terms of members ability to link and also to customize their response in ways that might not be as easy to accomplish if the interviews were live and oral.


I merited this particular post because I believe that it is good that you are willing to a customized interview, but really, like zasad implied here (and some of his other posts clarifying the interview process), each of us has an ability customize the amount that we answer or do not answer the general, all applicable, questions.

The reality of the matter is that even long time forum members are NOT necessarily going to know other forum members, even if they have an extensive history, so the questions allow each interviewed member to frame the answers in his/her own way, make a spin or be obscure in regards to various responses.

Implicitly you are correct Vod, in regards to some preference that zasad might tailor some of the interview specifically to you and maybe not have too many generic questions.. but even when I was going through my interview responses, I found that I could just mold the answers into the area that I would prefer to discuss.  Another thing could be that if you do the interview with the more generic questions, then some things that you say within your responses (or even some of your lack of responses) could trigger a follow up, even though I have not come across very much followup, beyond merely some very superficial questions to prior interviewees.  


I did NOT know that there was any section of the forum that would be deemed as "ivory tower", which presumes that regular/normie members would not have access to such section of the forum.

Is this true, or merely a figure of speech coming from Quickseller?


hahahaha

Mr. moneybags.    I am sure that you refused to pay any higher than $50k, which would only be reasonable since you only paid me that amount.  



I read yours.. and holy moley!!!!!!!!

        


I understand some of the criticisms of the WO thread, including accusations of circle jerking, both in the sense of merit sharing and also circle jerking in the sense of bitcoin maximalism.   I also understand some of the criticisms of the off-topicness and just getting through a flood volume of posts, especially during periods of relatively higher BTC price volatility...so there may be some ways to get some perusing advantage/utility from Loyce's wall observing perusal tool that he mentioned and linked above.

So, sure perhaps the WO thread is NOT going to be suitable for everyone.  I believe that I am lured to that thread so much because of the combination of the ability to have some common allegiances when it comes to beating upon shitcoins and shitcoiners, to be able to speak and post pretty freely (sure, I am personally part of the volume problem... I admit   ) and just to randomly be able to see what might be going on in the macro-news space, too, without necessarily being off topic - while at the same time just skipping posts that might devolve into off-topic subject matter that is not very appealing to my own personal preferences, and I think with any relatively "open topic" thread there are going to be some ideas that are posted, from time to time, that feel personally repulsive or revolting - but such posts still might generally be tolerated because there seems to be a bit of an anything goes tolerance in that thread, except for unduly pumpening or shillening shitcoins - and even a bit of moderate pumpening of shitcoins tends to be tolerated (probably because even some of the shitcoin pumpening does end up helping to assess some kind of a pulse on what is going on in broader cryptolandia that might also end up having some indirect, and even some times direct, impacts on kingdaddy).

For the 6th anniversary of Hal's death (which was yesterday, August 28, 2020), Bitcoin Audible republished the reading of the OP of this thread.

It's only an 8 minute 21 second episode.  https://overcast.fm/+MYnwj2JC4

We can agree to disagree.  

I thought that I had reasonably and even fairly described what appeared you were attempting to accomplish in your earlier post, Torque.

For some reason, you were trying to paint some kind of historical picture of a mythical forum in which earlier members were somehow more united than current members and purportedly singing a kind of kumbaya... which is just nonsense.

In essence, your overly emotional response to my post above seems to be connected to your inability to substantively deal with the way that I had characterized your earlier post...  

I am glad that you pointed out some of my short-comings, Torque.  Accordingly, I was wondering why I was having such difficulties relating.




Yep.

Sucks to be me.    

I am like a cat, trying to relate to dogs... or maybe it's the other way around?

I already highlighted a fitting quote, yesterday.

“The creatures outside looked from pig to man, and from man to pig, and from pig to man again; but already it was impossible to say which was which.”  

The last line of George Orwell's Animal Farm

Signs of social interaction progress.... excellent, excellent!!!!



#nohomo


It's not healthy if you attempt to frame history in such a way that largely just imposes many of your own values on other peeps.  There is that angle, too.


Right when I was beginning to believe that we might have been making some progress.  

You did not write me off, good ole buddy. 

If you had written me off as you suggest, you would not be mentioning me so frequently.  


Your days must be something like this:



 

Seems to me that mic does not even need to reconcile the extent to which his shit may or may not stink as much as anyone else's or comparatively speaking, except maybe some kind of pie in the sky requirement that a disingenuine diptwat like ur lil selfie proposes to be some kind of necessity..

Many members in this thread, including mic, seem to be ready and willing to work with you on a variety of your ongoing outrageous proclamations and sensitivities (seems a bit much to me, but who am I?), and that willingness to work with you is truly within their discretion rather than something that you even have the power to require.. so your own delusions of grandeur seem a bit problematic in these particular discussions... in my humble bumble opinion.



I even forgot what the " 'fight club' incident" was - to the extent that such incident even matters... or that you, bob, actually have any kind of genuine and reasonable grievance..

I really doubt that you, bob, have any kind of genuine and reasonable grievance in terms of how you may have been treated on the interwebs or this thread because members here seem to roll over backwards to give you the benefit of the doubt on a lot of your ongoing outlandish sensitivities, but whatever all ears on the possible argument(s) regarding the framing of a potential genuine and reasonable grievance that you might have, bob.


To me, it seems normal for guys (and gal) to think of "themselves for the most part."



You must be referring to empathy?  Emotional IQ seems to be a kind of qualification that you could even hardly have any kind of grasp about what that is, at least if we were to go by your past actions as any kind of sign of what emotional IQ might mean in the feelings of bob.



That's true.  OG HODLers do not necessarily have to form alliances.


That's true, too.


Only you can speak for your own feelings, to the extent that they are of interest to anyone else.


I doubt that very many people would be willing to accept your terms...or consider it worth it to jump through your unreasonable expectations.  The only person who seems to be overly sensitive is you.


You heard that from me?  I doubt it.  I think that you are just making shit up to fit some kind of internal narrative that you wish were true about the external world.

Regarding me, sure I have my moments... Some moments are good, and some are not so good.

Maybe at some point, you will be able to deal with some of your own personal moments?  For example, you told us that you were going to go away for a while in order to recover from the level of stress that the interwebs (and especially this thread) was causing you.  

Your currently being on the attack does not seem to be a very healthy form of recovery in terms of a person feeling control over his own environment and even mental situation, and part of any mental health would be NOT creating expectations over things that are outside of your control and communications on the interwebs seems to be one of those kinds of things that are outside of the control of any of us individuals, but hey, that is merely my opinion, man.  

I keep hearing that deep, deep, deep on the inside bob is really a good person... blah blah blah...

Well, I am glad that my "brevity" this time may have helped lessen some amount of anxiety on your end.  Sometimes there are just not enough hours in the day to write (or read, for that matter) long-ass posts (whatever that might be?).

I did add two Edits, so far, which hopefully will not materially lengthen my interview too much. 

1. When and why did you become interested in cryptocurrencies?

In August 2013, I was considering reallocating some of my investments, so I began to research.

My then portfolio was in mostly stock index funds, bonds, real estate and business ventures, and mostly I had built such portfolio over the previous 25 years.  

At the time of my late 2013 research, I was interested in adding a gold-like assets as a dollar hedge and perhaps adding risk, yet I did not like what I was finding regarding gold-like assets in terms of fees and third party control and I felt some terror if I were to actually physically hold gold…  I recall coming across bitcoin at that time, and I bookmarked it as: “Hm.. interesting, get to later”  

In November 2013 I met a guy in his early 20s, and he told me how rich he had become from buying bitcoin in 2012.  He told me that he was getting drugs from silk road and he inadvertently accumulated 25-30 BTC for less than $10 each, and he proclaimed that with the passage of time, he had noticed that BTC had shot up to around $260 each, before correcting to below $100 and then bouncing back above $600 at the time of our conversation.

In some ways, the guy was presenting himself as a kind of investment genius but admitting to a lot of luck.  I thought whether the guy was lucky, genius or some combination, surely he had done well with bitcoin.

I was inspired to open my “get to later” bitcoin folder, and look into bitcoin. I recall reading a few threads and looking at recent price performance and generally figuring out if it had some kind of investment use cases, such as superficially seeming like it might be able to serve as a gold-like investment to hedge against my other various dollar based investments (I may have referred to wikipedia too, for that initial research and ideas about bitcoin).  

If you will look back at the November 2013 charts, you might well notice that even while I was looking into my BTC introduction, the BTC price had nearly doubled within my research week, and that may have caused me unreasonable anxiety.. later more properly identified as FOMO symptoms, perhaps?

I would like to imagine that I had done adequate research into BTC before starting to invest, but when I look back at my notes and consider actual happenings, it appears that I was predisposed toward frontloading into BTC..    Accordingly, I started DCA buying BTC in November 2013, which would have been within about a week after first starting to look into it.

I believe that my idea was that I could get started with a kind of modest BTC DCA and research as I go. In November 2013, I authorized myself a 6-month budget, and by April/May 2014, I ended up extending my budget and DCA authorization for another 6 months bringing me to a year of mostly DCA buying by the end of 2014.

By the end of 2014, I had largely reached my BTC accumulation goal to reallocate about 10% of my investment portfolio into BTC, and by the end of 2014, I largely considered that I had transitioned into “bitcoin addict” status that might be better categorized as bitcoin bagholding?      


2. When and why did you buy your first bitcoin?

I purchased my first BTC on the street on November 29, 2013 for $1,500 for 1.2486 bitcoins; yes, $1,201 per corn.  

I made my first BTC purchase based on my predisposition towards sound money ideas, and my quickie research revealing number go up 100x in 1 year in 2013, so even though I expected BTC price to be at a bit of a potential price peak, I still was receptive to its proposition as sound money.

As mentioned, at about the same time as my first purchase, I authorized myself with a budget to begin a 6-month DCA accumulation process.  I also employed a bit of a front-loading technique in order to attempt to get a bit of feeling that I had a decently-sized stake in our beloved king daddy, in case number were to go up while instructing myself to simultaneously continue researching further and prepare in case number were not to go up.

Of course, retrospectively we see that the BTC price ended up going down quite considerably over the next 6 months and also largely, number went down relative to my first purchase for the next three years.  

Sad but true that my first BTC purchase did not become profitable until more than 39 months after purchase (March 1, 2017), and not sustainably profitable until 40.5 months (after April 18, 2017).

There is no real need to feel sorry for the delayed profitability of my first BTC, because as you likely realize, dollar cost averaging tends to have advantages during periods of price go down, since I had continued buying BTC throughout those first 3 years between late 2013 and early 2017, rather than sitting on my hands or whining about number going down.  

Essentially, my ongoing DCA BTC purchases had caused my average price per BTC to lower from $1,201 per corn to around $500 per corn by the end of 2016, and of course with a bit of a larger stashenings of sats..

On the other hand, my having had gotten sim card swapped in early 2017 (a kind of other side of the story) did cause my average price per BTC to raise back up to around $750 per each one accounting for the losses of BTC through the hacking of several of my BTC accounts.


3. How did you get on the forum?

The same guy who introduced me to his silk road BTC profits story in November 2013, told me about the Wall Observer thread in February 2014, describing the WO thread as a troll box thread – which seemed right up my alley.

My subsequent visit to the WO thread around page 4,550, caused me to register a forum account and draft my first WO/forum post on page 4560    

Of course, the WO thread now has 27,156 pages of historical memorabilia, in spite some members engaging in mass deletions or rage deletions from time to time.   I have always been a bit of an “anti-deletion” advocate, if there is such a thing.  

For my first year or two on the forum, I did not venture much outside of the WO thread.


4.1. What is your current strategy for bitcoin?

From late 2013 to late 2014 I was largely in BTC accumulation mode, following a kind of learn as you go front-loading DCA methodology… and I believe that by the end of 2014, I largely met my goal to put 10% of my investment portfolio into BTC.

Since BTC prices largely stayed below my average cost per BTC through 2015 / 2016, I continued a kind of maintenance DCA practice through 2015/ 2016.. and probably somewhat inadvertently I had gotten my investment into BTC somewhere in a supra 13% territory - which I had considered to be a bit “overinvested.”  

Perhaps my thesis of what constitutes being “overinvested” in BTC still holds true today.  I am thinking that there are not really needs to invest more than 10% of an investment portfolio in BTC because bitcoin has such an ongoing asymmetric proposition in terms of if its thesis comes even partly true, investing 10% would still end up causing considerable wealth accumulation because of the nature of what bitcoin is.

I do understand, on the other hand, that anyone who has not really established a somewhat diversified portfolio, may ultimately end up investing way more into bitcoin, as a percentage because they are just getting started out in terms of building their investment portfolio.  So blanket statements sometimes can be difficult to justify in terms of what might be prudent and appropriate for someone in a different timeline situation.

Even though BTC prices rose though 2017, I had decided to only skim off small BTC profits along the way up and NOT to sell large chunks of my BTC nor to significantly reallocate out of BTC – contrary to the guidance of traditional investors….

Part of my rationale to just let my BTC ride through that period has to do with the remainder of my investments being sufficiently enough to sustain me, and my then calculation that my investment timeline in BTC was going to be at least 4 years after that 2017 timeline.

With the 2017 price rise, my BTC allocation got up to 70% of my investment portfolio during the BTC price peak to $19,666 based on BTC price appreciation and dropped back down to 40%-ish during the BIGGEST BTC price drop down to $3,124 in December 2018, and currently, based on recent BTC price rises, I am probably still allocated in the ballpark of 70% BTC allocation, and these numbers continue to be based mostly on BTC’s price appreciation rather than additional investment since I have not been putting much if any significant additional value into BTC since 2017.

In essence since 2017, I had largely transitioned into what I would consider a maintenance dominated BTC strategy rather than a primarily BTC accumulation strategy, even though I will accumulate some additional BTC from time to time mostly from funds already dedicated to BTC.

So, currently such BTC maintenance strategy tends to be skimming small amounts of BTC when the BTC price goes up – an approximate formula that is 1% skimmed for every 10% the BTC price rises, and buying back BTC with the skimmed off proceeds when BTC prices go down…  if they go down.. If BTC prices do not go down, then I just leave those dollars on the table and likely to just withdraw at some later date.. so I do not get worried about NOT being able to buy back BTC lower than the price that I had sold, in the event that the BTC price never again drops sufficiently below my sales price.

Yes.. I agree this whole process of selling on the way up and buying on the way down is a bit of an accounting nightmare..... yet my foundational ideas on my current BTC strategy came from the SSS thread….**  and, I hybridized and personally customized/tailored such SSS strategy, too.

** An ironic thing about the SSS thread is that the OP author is a bit not sane, and even considered quite a scammer, but still the self-help ideas within the thread are still good.


4.2. Can you suggest ways to diversify the risks of falling bitcoin prices?

For me, I have always considered Bitcoin as a relatively long-term investment, and I believe that deciding to long-term invest in any asset whether bitcoin or any other asset remains a combination of financial and psychological commitment.  

Having long-term commitment to an investment, does not mean that that the technique should be blind nor that the technique cannot be adapted because of changes in circumstances or changes in perspective, including feeling a need to get out of the investment if circumstances warrant.  

First principles suggest that long-term investors should NOT be investing more than they can afford to lose, so therefore they should not be feeling desperate about their investment at any time, especially if they are investing into a seemingly highly volatile asset, such as bitcoin.

To me, NOT investing more than you can afford to lose means to make sure that personal cashflow is in order to cover all expenses, including emergency expenses for a minimum of 6 to 18 months.  How many months that any BTC investor projects out cashflow will also depend upon the level of complicated expenses, businesses, and/or support of family… the more complicated and the more variables, the more prudent to project cashflow out on a further timeline in order to attempt to prevent causing your own emergencies from lack of foresight and/or due diligence.

I had tailored my overall bitcoin strategy to my situation by accounting for cashflow, my other investments, my views of bitcoin as compared with other investments, my risk tolerance, timeline and my time available, skills and abilities to plan, strategize and learn along the way  - to tweak plans from time to time, trade if warranted, reallocate and other discretionary adjustments along the way. Figuring out each and every one of the above factors can take a very long time, and can be worked and tweaked along the way, so should not stop anyone from acting while they are tweaking and learning along the way.

When I first got into bitcoin, I considered that I had a one or two year timeline to be my projected minimum time to invest, and of course, a longer timeline would be ok too

These days, the fundamentals of BTC have improved greatly and seem to justify recommending that anyone coming into bitcoin should start with a minimum of a 4-year time-horizon for investing and of course, longer is better, too.


5. What do you think of the current Merit system and signature campaigns?  Do they harm the forum?

Of course, the current merit system does screen out scammers, account farmers and shills.  Maybe not a perfect system, but it does seem to have some screening out efficacies.  I did believe that theymos was going to increase the number of merit sources, but currently, it seems that the number of merit sources are still stuck in the assignment of slightly fewer than 100 merit sources.

I am not opposed to Signature campaigns since they allow members to earn BTC once they reach certain ranks.  Signature allowances are part of the forum’s character and history, and can be beneficial for some forum members, which also seems to be good for incentivizing good posting behaviors.. Accordingly, if some members want to stack some sats through signature campaign participation, there seem to be various safeguards in place.. including members who monitor abusive practices that happen through any system that has financial payouts.


6. The most useful forum topic?

Surely, I continue to like the Wall Observer thread, that touches upon the latest and greatest in bitcoin events and frequently points out if there are other highlights in the forum and if no one is posting about BTC therein, which does happen from time to time, then it will tend faster and easier to scan through the posts therein.


Most helpful users?

I am of the belief that nearly any genuine posting member can be helpful in terms of providing a personal experiential perspectives… and sometimes it takes a while for members to warm up to one another and sometimes members might be meanies and nice  .. but not necessarily both meanies and nice at the same time.  

Seems to me that with the passage of time merit and trust scores do tend to show which members are helpful and genuine – even though trust and merit scores might not be completely correlated to helpfulness..  For example, sometimes members have high merit and trust scores but are not helpful kinds of peeps (perhaps disingenuous kinds of peeps, sometimes).

It can take some time for the helpfulness of new users to be reflected in their merit and trust scores… and surely sometimes, some helpful members are underappreciated and not reflected in their merit and trust scores.

TLDR: helpful members tend to be any member who is genuine.


7. 3 things you would implement on the forum?

I have grown accustom to the ways of our forum, so it is difficult for me to suggest changes as if there were some defects. In other words, I cannot think of any forum change suggestions at this moment as I type.

8. Do you trade on exchanges or invest in projects?

Through the years, I had traded on at least 10 exchanges at one point or another.. but mostly just small amounts of my BTC in the trading method that I described above in response to question 4.1..   Essentially, I tend to keep less than 15% of my total BTC value on exchanges at any one time.  

Note:  I understand that the amount of value that I might keep on exchanges is and has been more than what other members would suggest to be best practices, so I concede that my way of using BTC and participating in the BTC economy is a bit more of a risky way of using BTC.

Here are the main ones that I used historically:
BTC-e (later WEX and later closed by USG)
Binance
Bitstamp
Bitfinex
Bittrex
Circle (retail purchases - no longer the same thing)
Coinbase Pro
Gemini
LocalBitcoins (not really allowed for face to face cash transactions, which is one of my preferred methods).
Uphold

I understand that there might be some better ways to get BTC and to trade BTC these days, and at some point, I might try out some new exchanges – including trying out some of the decentralized exchanges or lightning based services, to the extent various other ways of participating (including running a node) seem to be growing in the space and/or I have been growing in confidence in them to try out..

Since I got into bitcoin, I have had an overall philosophy that I need to maintain ways to exit my BTC investment if needed, even if I never actually end up employing any of those means to exit.

Edit after I looked through some of the other interviews:  I had missed the investment question, and so far, I am not invested in any bitcoin or crypto projects.

9. Tell a story about your big profit or big loss?

I already mentioned my bit of embarrassing sim card swap attack incident in early 2017 that resulted in hacking of my access to several exchange accounts and a loss of quite a bit of BTC.  I found out that hackers can be quite organized, sophisticated and fast.

Of course, there are various safeguards and protections that can be taken to attempt to be more secure, and there are quite a few articles on the topic of security and even on the topic of sim card swapping, which has become quite popular in recent years because of the irreversible nature of bitcoin and other crypto currencies and with quite a few phone carrier loop holes in places like the USA.

I understand that even with lots of sim swaps and hacks, it still can be difficult for guys to actually implement protections that should implement and might be available to them, even when safeguarding information is available.. and certain privacy/information/data leaks do continue to happen to sometimes giving hackers some easier ways to get in…

If given chances, hackers will take the easier ways in if they are available, but of course if they know about some of your details (such as BTC holdings or other personal details) or you seem to engage in some sloppier kinds of lack of OPsec behaviors then you could be helping to make yourself more of a target or they might focus more efforts on you than on others.

So, sure hackers might have tools to get beyond some of the more simple security measures that HODLers might take, but with anything we have balancing concerns too, and there are a large number of ex-BTC HODLers who have securitized themselves out of their coins, so sometimes taking too many safeguards could part some BTC HODLers from their coins because they are overly secure and they lock themselves out of their coins.  Bitcoin is not forgiving in the direction of under security nor in the direction of over security, and there is no one you can call for help if you really lost or forgot how you secured your coins.


10. What do you think about the DEFI ecosystem?

To me, Defi seems like an “innovative” way to convert various analogue Ponzi scheme practices into digital algorithm Ponzi scheme practices with fancy terms, such as “smart contracts” and “yield farming” to get folks sucked into likely purposeful complications, but in the end, still just glorified Ponzi scheming scams with little to no underlying value beyond a hopening to attract the next greater sucker.  

Many of us in bitcoin for a long time realize that the similar kinds of accusations are made towards bitcoin, yet we also can recognize that bitcoin is different, even while people still get confused by what differentiations exist between bitcoin and the multitude of innovative complexities in cryptolandia trying to separate normies from their bitcoin through get rich quick aspirations.

I don't tend to get tempted by the various kinds of get-rich-quick ploys whether the shitcoin and ICO craziness of the 2017 period or some of the current hype around complicated smoke and mirror products, such as defi, yield farming, blah, blah, blah.


11. Is your anonymity a vital necessity or precaution?

Anonymity has been a preferred practice for me.. and largely has been preserved..  

For example, when you and I run into each other on the street, and you proclaim: “hey, you must be JJG…” . I will respond by plausibly denying you.  


12. The last cryptocurrency book you read?

I don't recall reading any crypto currency books… I know, it sounds sad… or should I say “pathetic?”

As a concession, I have listened to a lot of bitcoin related podcasts over the years, to the extent that listening to podcasts might have me to understand either bitcoin or myself.  Here’s a list of most of them.  


13. Advise 3 cryptocurrencies/tokens for investment in the next 1-2 years?

Don’t fuck around with shitcoins.  Bitcoin is sufficiently double plus good enough.

Edit after I looked through some of the other interviews:  As I mentioned, my overall BTC approach is to treat it as a long term investment.  I have not come across any shitcoin, token or other crypto project that would rise to the level of worthy of investment or even to get passed my current timeline which is 4 years plus (even if I were to compromise, I cannot think of a shitcoin, token or other crypto project that would get passed a lower threshold 1-year plus investment timeline, in such a way that they are offering anything different from BTC).  If they cannot meet my minimum investment timeline threshold, then I would categorize them as gambling rather than investing.  I only gamble with very small portions of my network (like pocket change kind of plays), so from my perspective, I don't really gamble.

I consider my BTC trading system to be merely attempting to insure BTC price volatility.  One of the most inevitable things in bitcoin is its volatility, and my BTC trading system merely takes advantage of such volatility rather than betting on such near inevitable volatility because I attempt to set my BTC trade orders in such a way that I am emotionally neutral as to which direction the BTC price goes in the short to medium term, so long as in the long term the BTC price goes up (which going up is part of the presumption of long term investing in BTC thesis, anyhow).

I don't say others should not gamble because they can do whatever makes them feel good, but I cannot recommend any technique that I do not think about or employ - and of course the techniques and the considerations for gambling are going to be different from the techniques and considerations for investing.


14. How much will Bitcoin cost at the end of 2020?

I am thinking that at the end of 2020, bitcoin’s price will be somewhere between $14k and $17,250..
Part of the rationale for my prediction is that the end of the year is only 4 months away and $17,250 seems most plausibly to be the next BTC price resistance point and the last resistance point before getting into the dead man’s zone..

Once bitcoin prices get above $17,250 (when though?) then Bitcoin prices will most easily pass through the deadman’s zone of the previous ATH to be ported into the $23,500 to $30,000 range… but still, the $million question remains, when?  

15. P.S. (Optional)
Seems like I already said more than my fair share.  

Surely, I am not disagreeing with you in principle, and surely part of the great use cases of bitcoin remains the ability to privately secure it and to potentially plausibly deny the existence of it for practical and rights based reasons - not trying to get away with anything, but merely being able to retain wealth that you have stacked away.

There would also be some scenarios in which if someone were to have some kind of nice piece of property, let's say a reasonable 10 acres and great buildings and location, and then if that property gets taken away, then there would be some feelings of injustice with that I am sure... but we are likely on the same page that having various kinds of property and wealth does tend to give a lot more options, which probably explains some of the reasons why each of us have come to similar conclusions regarding our perceptions of values of having more options through the accumulation of king daddy.



Probably, we do not disagree, even though we might be quibbling about some various scenarios that could play out, and I think that part of the point that I had been trying to make earlier is that some of us might sometimes get so much caught up in various kinds of libertarian ideas that we forget that some of the values of having a state and community property of various sorts is that it provides a lot of value to everyone - and gives some course of recourse for the real poor.  If the real poor get too desperate, then we are all fucked.  Don't get me wrong; I can relate to being decently poor, but sometimes there can be way too much attempt to keep money from the poor or not to pay taxes from the rich or even that the rich might consider that they need little bail outs, and sure maybe we might feel that through bitcoin we had come across our riches (richness) through more honorable market means, but there still can be a lot of reasons to pay back and to pay into the system in a variety of ways in order that whatever riches that we might have been able to preserve do not get snuffed from us through some vengeance situations that might not even have been of our causing... but if we there are ways to pay into such system that allows for the ongoing building of infrastructure then we are likely to be more safe even if we have ways to hide or wealth or walls (and security guards) that we can attempt to put up between ourselves and the masses.


I keep quoting it because it is not completely wrong - even though his employment of the statement was likely partly out of frustration and way too premature.. we might get at least one more cycle of being able to enjoy our wealth accumulation before a more true mad max situation ends up coming... and also, I will agree with you, bitserve, that it is way better to be preparing for the more likely scenarios rather than the mad max scenarios that have not happened yet... so in some sense, mindrust was just attempting to justify some of his impulsive behaviors (to the extent that we can really believe that he really did employ that level of dumb).

It's possible that you had gotten too distracted by the shitcoin on your avatar, too...

Overallocated in shitcoin; under allocated in king daddy....  

#justsaying


 


 

For some strange reason, I am NOT even feeling ignored.        

I remember the days when there was no need to announce who or which piggie you might not be ignoring.

The good ole days.  

“The creatures outside looked from pig to man, and from man to pig, and from pig to man again; but already it was impossible to say which was which.”  

The last line of George Orwell's Animal Farm; I love that quote.

We are all worse off if an actual Armageddon situation were to strike, though.  So there are certain infrastructure failures, supply chain failures and lumpen proletariate scenarios that would not be preferred... not that I am necessarily agreeing with mindrust - but there are potential outlier scenarios in which some of us might not be able to enjoy our accumulated wealth including when previous concepts of private property that had been accumulated prior to "awokening" of the masses are overthown.


You perverted psycho!!!!

 

 

I think that we got more than enough bbbbbrrrrr already..   but hey, what do I know.. ?  I am no monetarianist.

Some of the problem might not be as much the bbbbbrrrrr but instead some of the lack of focus in terms of really directing created money towards: 1) the virus, 2) infrastructure, 3) supply chain fixes... and 4) similar kinds of productive distributions of investments that end up building production whether labor or materials or infrastructure..

Instead, wouldn't a war come in handy about now?

Of course, TPTB do not tend to want to focus on productive employment of capital because they are busy dishing out benefits to their buddies while the ship is sinking (or is it?) and they believe that they can preserve the ship while engaging in ongoing deceptive practices... which largely have been working in previous times, and surely this exact world situation of the dollar card had not been played before, either with the dollar being a dominant currency and being able to take advantage (tax the rest of the world) of world reliance on the dollar.. it just might work, one more time before the next implosion down the road likely becomes even worse.. perhaps?


The charade can keep going... you just gotta believe.. believe... believe.  Don't you believe?