Fiat at the ready, keeping powder dry.
If you want to keep your powder dry keep your wealth in bitcoins, not in fiat! Yeah, but we gotta snap into reality that the world still remains dominated by fiat, no? It could be possible that you do not understand the concept of "keeping some dry powder", no? It seems to be a bit too lopsided to have 100% invested in bitcoin, and maybe you do not mean that? It also would seem to be a bit imprudent to not have any fiat-related investments, no? Maybe that depends on age, but I would argue that even if you feel that you are really young and have not really had time to build diversification in your investments, it still may be prudent to hedge a little bit - because we know that bitcoin prices have been volatile and bitcoin prices are likely to continue to be volatile. It surely seems that bitcoin will become a bit less volatile as the market cap goes up, but the fact of the matter remains that the price of this asset class (aka bitcoin) can be manipulated with a relatively small amount of capital - give us another 100x in price appreciation (and increase in market cap), then it will become a lot harder (relatively) to manipulate - and volatility will decrease. In my case, I currently have a fund dedicated to bitcoin investment, and sure I would like to be at 100% in that fund, especially when the prices are going up, but I would get a bit stressed out if I were 100% in that fund because when the price starts going down, the roller coaster can be a bit much to bear, because you can never really be sure about how long and how far the price is going to go down, and therefore within my bitcoin investment fund, I am currently about 93% in bitcoin and 7% in fiat..... I also have to tweak my bitcoin investment fund from time to time here and there to continue to feel comfortable.. while attempting to keep some "dry powder," as they say, just in case we get a decent price drop. I even buy with price drops as small as 3%, but then if the price drops 35%, which it recently did - remember mid January?, then it is much more comfortable to have some ability to buy some BTC back with already allocated bitcoin funds and not having to scramble to come up with funds at the last minute. why didnīt you just buy those 35%drop coins three months earlier, when they were under $600? donīt you end up with less coins that way? He did end up with less coins, of course. But that is the price he paid for his daily doze of adrenaline by "trading" bitcoins... |
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Fiat at the ready, keeping powder dry.
If you want to keep your powder dry keep your wealth in bitcoins, not in fiat! |
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Enjoy your holiday!
What holiday? He isn't entitled to go on a holiday! He hasn't found even a single collision. |
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I suppose in the end you cant remove the human element.
Humans tend towards generalisation, in a way 1000$ is a generalisation.
You cant separate people from feelings.
This might be valid for people that use $. People that use other currencies have other feelings! |
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Hi,
I read a bit about this project at lbc.cryptoguru.org and (addressing anybody and everybody who is doing this) I have a few questions:
1. The "About" section claims that the reason "why" is because somebody said it wasn't possible. That certainly makes sense but once the first "collision" was found the point was proven and there is nothing to prove anymore so why keep going?
The point is it's not a collision that is found. The privkey is guessed because 1) it was generated with some crappy RNG, 2) very weak brain wallet pass was used, or 3) address simply belongs to same people that "found" it. In short, the cryptoguru doesn't know what does collision mean. |
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Obviously, someone or a robot is using the blockchain for a purpose. We need to know.
You'd better ask BU blocktards. |
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will this get past $1000 without a massive corretion?
What correction?... Correction needs something that is not correct. Why do you think $1000 is not correct? |
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Hurry up! You must find something before bitcoin breaks $10000!
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I'd rather this pump stop now & consolidate in this range than unsustainably rise 8 then get dumped to shit like last time.
Slow & steady price rises are always better unless you're a day or margin trader.
Get used to sudden and unexpected price jumps. Too many people all over the world want to have at least one bitcoin! One bitcoin?  Yep, one bitcoin out of 21 million for everyone out of 7 billion. |
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I'd rather this pump stop now & consolidate in this range than unsustainably rise 8 then get dumped to shit like last time.
Slow & steady price rises are always better unless you're a day or margin trader.
Get used to sudden and unexpected price jumps. Too many people all over the world want to have at least one bitcoin! |
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Oh gawd ... when did this place become infested with the BU idiots again?!! FFS.
It happens always when idiots short bitcoin and price goes the other way. They become bigblocktards just to cause noise in the community and eventually a price drop. |
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You say the same thing, regardless of who posts it and what it is about
Look in the mirror and say it again! |
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According to Arthur Hayes, Co-Founder & CEO, BitMEX
selling pressure will continue until mid-February,
There is no selling pressure. There is continuous persistent buying pressure caused by new bitcoiners. |
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Am I missing something?
Of course, you do! The main purpose is not: This is a collision finders pool, because its main purpose is to find a hash160 collision And don't ask again because the answer will always change the angle depending on how question is asked. Whatever the key generation speed is there is always much bigger constraint. The number of public keys in the database that newly generated keys are checked against. That is why the number of keys on the list must be kept really optimal to key generation speed. The list consists of the early Satoshi bitcoin addresses. If a private key from that list is ever found it can be sold out to someone that will move some early bitcoins and prove they are Satoshi. It is really amusing to watch how this guy is wasting his time. It will be a good lesson to all treasure hunters. The only interesting question is who is paying for that effort? |
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Bitcoin may likely today be the second MOST fungible money on the planet next to the American Dollar. That is today right now, yes.
Ah, okay. I should have guessed by now I'm discussing bitcoin with a dollar cultist. Wasting my time... If you're US citizen try to deposit your American dollars in a Swiss bank and you'll soon learn if they are "globally" fungible or not. IRS will tell you. |
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No, bitcoin does not need fungability to have value.
No. Bitcoin does need to be fungible if it wants to be money! If it is not fungible people will start using another coin as money and bitcoin will lose its value! Bitcoin is already as fungible as it needs to be.... and Bitcoin doesn't have to be money, ever. Yes there are already other coins we use for money, buy those too. That is nonsense. What does that mean "as fungible as it needs to be"? It is either fungible or it is not! You can't have a semi fungible money like you can't have a semi pregnant woman. Partially fungible means it is NOT fungible. "Bitcoin doesn't have to be money, ever"... ?! People buy it because they believe Bitcoin is the future of money. Why do I need bitcoins if I can't use it as money, ever? |
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No, bitcoin does not need fungability to have value.
No. Bitcoin does need to be fungible if it wants to be money! If it is not fungible people will start using another coin as money and bitcoin will lose its value! |
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Cashed out. See you at $725..
Probably you want to say see at 1025$  I cashed out too. See you at $1725. I sold out my bank tokens and got bitcoins (the real cash). |
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From a fundamental perspective, people that can actually understand how all these variables interact (which I think are very few) know that in current state bitcoin is relatively broken in terms of long term workability. The only question is how high can the price go before people figure that out.
Bitcoin is relatively broken in terms of long term workability from day one, yet from $1 reached $1000. Obviously, it is not that broken, isn't it? The Internet is relatively broken in terms of long term workability from day one, yet we continue to use it in our everyday life. Bitcoin has many serious issues. But there is not a single one that is unsolvable! |
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i do expect that the price of bitcoin will trade betweem $850 and $950 for some time,
I don't think so. Too many people want to have at least one bitcoin. |
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