I think 'buy into fear, sell into euphoria' is a better phrasing of the same sentiment. Having said that both sentiments can last vastly, vastly longer than you initially expect.

Mr. Buffet's quote about concentrating investment is a top one too. Surprising how rarely that's voiced.

People have been urging others to stick a fork in it well into 2015 and beyond. I remember one guy starting a thread telling us he'd sold everything as he'd done the math and it was literally impossible for the price to ever go above $300.

Around 30 minutes after he posted that the price went over $300.

It's easy to forget how small it was in 2010/11 and how obvious everything looks in retrospect. If you'd made 100x times your money from 1c to 1$ then I'm sure many around now would've sold if they were around back then.

If you'd arrived on a thread in 2011 and laid out what was happening less than a decade later - a five figure price, the US president dissing it, the biggest names in finance getting ready to trade it - you would've been laughed out of there. People might have believed that if you said it happened in 2069.

There have been supposed ETH OTC services but maybe they were created to give a false sense of hope. ETH certainly seems to specialise in clearing out exchange order books like nothing else.

The nature of the coin doesn't really matter, though solid is obviously better than shit.

The only thing that decides its value is the zombies pumping or dumping it. Most won't know or care how 'good' something is. They're the ones who make or break it, not the developers.

Innovative coins like Peercoin are now dead as a door nail purely because the excitement ran off elsewhere.

It's always been Bitcoin/Shitcoin but that doesn't preclude making vast amounts of money from them.

The key is always remaining aware of what they truly are and not falling in love with them. If you can treat them completely unemotionally then you'll do well.

Mr Vays is as emotional about them as the most brain dead XRP shill. Both have let gains pass them by because of it.

I'm dead curious to see what the next alt bubble looks like. It certainly won't resemble the last one but there definitely will be a type of one.

If they get nailed at least there's a chance they're capitalised enough to take it on the chin rather than fold up and disappear.

I'm surprised both blockchain and bitcoin.com have launched exchanges but at least they have names to exploit unlike most.

I am truly staggered that anyone would want to let him line their uterus with his filthy, teeming sperm let alone get hitched in a legally binding manner. Just goes to show there's someone for everyone, even him.

In other news his wee hobby appears to be forking in all sorts of directions - https://twitter.com/BitMEXResearch/status/1157684825572151298

A 210mb block messed with those non $20,000 nodes.

There'll be tons and tons of prepaid non Bitcoin cards, and tons of reviews. The last one I used was Entropay which worked well that I topped up with a debit card but I think it's closed down now.

I doubt any exchange would let you transfer to a bank account that doesn't have your name attached to it.  

Sounds a bit like a unicorn to me.

Nowhere will have all of that on offer, especially the jurisdictional, unregistered and no name bit.

There aren't many legit card options any more. For EUR there's Wirex and Coinbase in a handful of countries. There's Bitwala but I know nothing about that.

https://cryptopay.me/bitcoin-debit-card/ do a virtual card but I've never used it and it's only for Russians.

Loads of people will recommend other cards but almost all of them are dead and they haven't bothered to update that info.

If all of your stipulations are vital you'd be better of selling your BTC on an exchange and funding whatever non Bitcoin card gets closest with EUR.

Have Yobit actually done something to you or do you simply not like the idea of them?

It's always been a fuckhole. People who use it go there at their own risk. If the ins and outs of how they work and who's behind them were common knowledge they'd probably be toast already.

A lack of discipline and an inability to control emotion are the main ones, plus not having any type of plan is deeply unhelpful too.

Another problem is marriage. People get married to a price they're convinced will arrive and never does, or get married to an alt despite it showing zero signs of life or certain signs of doom.

Most people are deeply unwilling to acknowledge when their moves and beliefs are wrong even when the evidence is shouting in their face. Instead of flipping they grimly hang on until they're absolutely fucked.

Successful traders are willing to instantly discard whatever their previous plan was when it's obvious it's not the zeitgeist any more. 

I can understand why someone would've offloaded when Bitcoin hit $1. It was still a pure experiment that could've crapped out any second. I've no idea why anyone would do it at any point after that unless they needed the money.

The price action was of course pretty dire and boring in 2015 but 2014 was heaving with amazing developments that pointed to nothing other than an amazing future. All the same I remember a lot of users declaring $300 would never, ever, ever happen again.

Bitcoin fans have always had a problem conceiving of its scale. Some think it's vastly bigger than it actually is. Others can't see beyond the end of their own private key and fail to perceive all those millions of people and machines who'll be beavering away no matter what the price is doing that minute.

There are projects which are under the control of a small group of people and were created to enrich them or fund something else they've created.

That's a very different proposition to properly decentralised coins which head out into the world for anyone to pick up. Plenty of assholes are using the real deals to hide behind.

Regulation of sorts is an inevitability. I think it's sensible for those who are regulating to attempt to delineate between fully open projects, cash grabs or hidden securities. At present it's a very broad church with only one categorisation. The problems start when innocent projects get the wrong definition.

I've never seen any regulator mentioning attempting to do that with proper software wallets.

In blockchain.com's case it's perhaps a little more nuanced as you're accessing a wallet through a portal they host on an ongoing basis, even if they have nothing to do with the private keys. If I were them I'd be looking to clarify and fine tune a few things for potential ball ache in the future.

Perhaps they'll eventually tell non KYC'd users to take their seed elsewhere. It's not as if they make them much money anyway.

Why would someone want something when they don't even know what it is?

Merit is a byproduct of generally being a good egg on here. If you go after it with laser focus that's going to be picked up on and people won't be inclined to hand it over. There are thousands of try hards with none.

I think it's safe to say they'll be prioritising their pet over 'Bitcoin Core' no matter what. However if you go into the exchange business you're suddenly subject to a lot more heavy handedness from authorities so it's conceivable a disgruntled customer could raise hell.

Not sure how Roger will make his peace with having to be compliant.

Here's an interesting titbit, Grayscale are going full Coinbase custody - https://www.forbes.com/sites/billybambrough/2019/08/02/grayscale-to-move-billions-in-bitcoin-ripples-xrp-ethereum-and-litecoin-to-coinbase-in-one-of-the-largest-ever-crypto-transfers/amp/

Let's hope there's no man in the middle when they do their transfer.

The difference between 1984 and real life is that plenty of us are actually volunteering for it and actively pursuing it in many a case.

If you'd told George Orwell that he would've tossed his cookies.

Dunno what that means. I do know that I've been crying ever since you revealed that.

Presumably you get paid to put up with it or are invited to a sleazy ball once a year to mate.

I would be fooking cock a hoop if I was excluded from that utter cesspit.