What one's investment strategy would be if I were a fresh arrival is a very interesting question. I really don't know how I'd approach it now. There's still plenty of risk. Who knows how much short/mid term upside there is?

I'd probably be looking at several years out rather than trying to catch the next bubble. In that case 20% would feel like too much but I'd also be conscious of 5% producing a pretty piddling gain. As ever you have to balance the prospect of ruin versus it flying away without you.

We may be about to enter an interesting phase where many will be asking themselves the same question. It's way bigger and more established than it once was but it's still too wild for boggo investment however many will also feel they missed out on the really stupid gains so will shy away from it.

I think it's only a matter of time before things become a lot more demanding.

Centralised mixers are custodial services, even if it's for a very short period of time. It's clear that authorities have the desire to bring all custodians to heel. They'll argue that anyone in a position to receive and handle third party money must toe the line.

It doesn't matter whether you're complicit in money laundering, if your service has the potential to enable it you'll be expected to be just as uptight as Coinbase. Mixers in the form we're familiar with will have to go properly dark or properly corporate eventually.

 

They don't care enough?

And as we've seen repeatedly the zombies that populate this market don't care either. As soon as whatever coin recovers from its 51% attack it's back to business as usual. And in plenty of cases it appears prices didn't dip whatsoever.

They'd also be losing money by diverting power. If something was shortable then you might do OK but as above there may be zero difference in price. It seems like a lot of work for no likely gain.

I'm not sure what a Bitcoin farm could attack other than BCH or BSV and they may prefer to keep those alive as an option for future short term profit. What other SHA 256 coins are there worth paying attention to? TheresaMayCoin doesn't have a bright future.

They may also have plenty of investors who'd frown on that. That's what blew my mind about Bitmain. Presumably they had no oversight because if I had put large amounts of money into them their Bcash adventure would've had me suing their arses off.

I find that EXTREMELY hard to believe. If they were that good at timing prices there's absolutely zero need for them to get a loan. They'd already be multi millionaires relying on nothing but their skillz.

Did you flip them immediately? Did you import from abroad directly into NY state and then sell to another state or were they sold to someone in NY state?

Going on this - https://help.cbp.gov/app/answers/detail/a_id/295/kw/new%20york%20state%20sales%20tax/session/L3RpbWUvMTU2NTQzMDYwNC9zaWQvemUxa2tYbG8%3D  - it looks like they get occasional updates that they chase up rather than it being automated so it may be quite common.

No such thing as a merit 'rule'. It's a free for all.

Merit as agreement is pretty common. I got 50 merits for one single moan that another poster evidently felt rather strongly about.

I expect exchanges will be told to drop privacy coins as the price of doing business. That's already happening in Japan and South Korea.

As for mixers, any law enforcement agency determined enough could probably pin countless dodgy monies going through mixers so if the will was there all of them will get nailed if they can be found.

It's possible in future there may be sanitised mixing services created purely to break the link between old addresses for gamblers in the right jurisdiction and people who simply don't want all their transactions to be linked.

The future of mixers open to all may not be a long lasting one. Even if they continue to operate with impunity it's possible third party services will reject coins that are identified as coming from them.

Time and again alts blew my expectations into the weeds. I kept thinking 'how can this utter junk keep going?' and then it doubled again.

The only things in terms of this market we can depend on are greed and stupidity in the face of it. That means at some point an alt explosion is inevitable. I guess most people care about which alts and that's the unpredictable element.

The pumps may be less sustained and less generalised. It's one of the things I'm most curious about. I don't think it'll resemble 2017.

The feeling in my bum is that 2014/15 was the true test of a Bitcoin fan's mettle. At that time it was still conceivable 2013 was a one off and it could dwindle back to obscurity. Everyone still around was half 'it'll come back. It's fine' and half 'what the FUCK have I done to myself?'

I reckon this phase is just beginning for alt fans.

The 95%+ fall sucked botty but wasn't too surprising. What comes now is when the true grotesquery arrives and it craters more than anyone dared imagine.

The truly deranged alt run was set off by the Winklevoss ETF denial. If it had happened Bitcoin would've gone nuts and alts would've plunged. Because it didn't they set off for the stars. In retrospect that alt bubble will look like the true tulip moment crossed with the dotcom bubble.

What's happening now is a growing legitimisation of BTC with little sign of it for alts. It's just happening in much slower motion. There'll always be alt runs but who knows which ones will still be on the radar by then and from how low a price they set off from?

Anyway, do what makes you happy.

And people need to bear in mind that future buyers will not give the slightest fuck about the details of a particular coin. All it is to them is three letters on an exchange with a rising number next to it. They will latch on to whatever is placed in front of them. 

No one's going to care about your pet coin's 'partnerships' or block time.

Those who are bag holding need to be completely unemotional about what they have. If there's profit dump into the frenzy and don't look back. Whatever I have that's worth something will be disposed of.

All markets are psychology and 'alt season' is the purest psychology of all.

There'll ALWAYS be a bunch of people who feel BTC is too 'expensive' so will seek out short cuts. They'll find alts and will feel like they've uncovered some sort of secret elixir and off they pump until the next ruination.

The question is when this will happen and which coins will live long enough to see that. Both are impossible to predict. I fully expect many, many coins to never recover.

We're nowhere near it. Something far more powerful and insidious has snuck up instead.

1984 portrayed a world that was broken and almost completely brought to heel with only the slightest glimmer of free will. 1984 forces itself on you. The modern iteration attempts to seduce you or distract you into submission.

Making people think they've chosen the society they've wound up in is vastly more powerful and long lasting than one they feel has been imposed on them.

For the average inhabitant of a developed and nominally democratic country free will is available but you have to choose to seek it out, not assume that you already have it. Keeping the ever creeping intrusions at bay are achievable but it takes wilful effort. The hate and fear they're attempting to force into your mind can be shut off completely if you wish it.

Those who can't be bothered or don't feel the need have a vast selection of bright shiny things to keep them content. That's about as different from a jackboot stamping on your face forever as possible while still retaining a similar motivation and will have a much higher success rate.

Here's Donald posing with a baby orphaned in the recent shootings.

Behold the power of positivity.



Things never seem so bad with a big smile and a thumbs up.

Just as worth noting is the amount of people who weren't able to withdraw before they disappeared completely. The sexiness of the mixing don't count for much if the person doing it is going to help themselves to your money which is the case of many a mixer.

https://www.forbes.com/sites/ktorpey/2019/08/08/blockstream-reveals-massive-bitcoin-mining-facilities-fidelity-an-early-customer/amp/?__twitter_impression=true

Here's an interesting one.

BlockstreamBorgAxaCore, your favourite lizards, have two giant mining facilities and two of their clients are Fidelity and Reid Hoffman. They account for about 7% of the entire hashrate at these difficulty levels.

Also planned is a mining pool that uses the Betterhash protocol which puts decisions back into the hands of miners rather than pool operators.

I had no idea they were planning this.

Bitcoin will be packaged and spoon fed back to Mr. Average by big hitters. That's how new concepts have always worked and always will. Most people never seek things out. They have it shoved in their face and are told it's the best choice for them until the message eventually sinks in.

What's different with BTC is that if you have the nous to seek it out you can be there before the big hitters get around to it.

I would've thought stablecoin issuers would be vastly more uptight than regular banking - https://www.ccn.com/paxos-standard-hassling-ethereum-traders-trying-to-redeem-stablecoin-pax-for-dollars/

And Gemini as well have stopped withdrawals in the past because redeeming large amounts affects their ability to “maximize their status on CoinMarketCap.” https://www.coindesk.com/winklevoss-crypto-gemini-gusd-stablecoin-redemption.

Good luck to those using it them all the same. The amounts you throw around may be the deciding factor in whether they screw with you.

They said the same about the return to $1000. It passed without much of a squeak. Many who bought at that level will be long gone by now. Others will be hanging on for much higher. Very few will pull the exact same amount they put in and have wasted 2-3 years worrying.

Personally I don't think we'll see those sorts of figures until well into next year but I'm almost always wrong.

Summat tells me you're about to launch a 'revolutionary' mixing service. You have an uphill battle.

He was asked how much he invested, he responded with how much he has.

He might have laid out 2% of his net worth that's grown to 50%.

As for me I put in somewhere around 30% back in the day. Now it's somewhere around 95% with no plans on the horizon to change anything.