There are many stores of value. But it's better we don't go into that argument again. I have one question for you... Why that obsession you have with gold and silver? I already know your opinion about Bitcoin, so... What do you think about real estate? Excepting some of the past years it has historically been a great store of value which can also give you some additional yearly returns (3-10%). |
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It makes a difference whether you have $1,000 to invest or $100,000.
Got my point? Of course. What I mean is that it is useless to diversify with only $1,000. Better take a well researched assymetric bet than focus on below 5% returns in a richly valued asset investment environment. If there is no assymetric bet to play, perhaps even better to keep cash and plow it in only after a stock market crash. Yes, I do agree with that. It's only when things start to get serious when you need to start diversifying some unless you already are. Going all in is not that crazy when you have (almost) nothing to lose. |
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It makes a difference whether you have $1,000 to invest or $100,000.
Not really. It's mostly about percentages and relativity. What would you say about a guy such as loaded that has 40.000BTC in one Bitcoin addresses that he haven't even touched in years? Should he sell or not? All or part of it? If he is already well diversified (in fact he invested in Bitcoin after being already "rich") he can take the risk and go on for the great profits. If he would give you all that 40.000BTC... you would better start diversifying INMEDIATELY. Got my point? |
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"Diversification is key to any long term sucessful wealth"
Good thing he did`nt take this advise 5 years ago.
I wouldn't have given him that advise 5 years ago. Only when when ONE MAIN investment (which is also of high risk) reaches to a point in which it would be somewhat lifechanging if it failed entirely. Otherwise, not that much need to diversify. Everyone's portfolio is different. For example, I am still diversifying INTO Bitcoin. And yes, sometimes you need to exchange potential profits for lower risks/safety to protect your wealth in the long term. I was warned to diversify back in 2010 by old system investors. “Diversification is protection against ignorance. It makes little sense if you know what you are doing.” -Warren Buffett I don't know what situation you were in 2010. And I am not even sure what situation you are now, apart of some very slight idea from your own comments. But if I had most my eggs in a high risk (cryptocurrencies are) investment I would diversify at least SOME of it. It's funny Warren Buffet said that when he is, and has always been, one the persons with a most well diversified wealth in the world (You just have to look how many and how wide diversity of assets Berkshire owns). And not everybody is Warren Buffet... Heck, not even Warren Buffet would be THAT Warren Buffet without a bit of luck on its side. |
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"Diversification is key to any long term sucessful wealth"
Good thing he did`nt take this advise 5 years ago.
I wouldn't have given him that advise 5 years ago. Only when when ONE MAIN investment (which is also of high risk) reaches to a point in which it would be somewhat lifechanging if it failed entirely. Otherwise, not that much need to diversify. Everyone's portfolio is different. For example, I am still diversifying INTO Bitcoin. And yes, sometimes you need to exchange potential profits for lower risks/safety to protect your wealth in the long term. |
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I don't see much problem with it (other than a perhaps over hyped paranoia of how powerful governments are at manipulating commodity prices). You prefer gold and silver. They are decent and historically fairly stable. A pretty safe investment. I do not discourage buying gold or silver. I was actually looking at some gold websites to see if that could be a "like-kind" transfer of my bitcoins if the price skyrockets in bubble fashion and I want to move out for a few months without tax implications.
Just out of curiosity, how would you do that swap from Bitcoin to Gold without it being a taxable event? However, how would I sell my gold back for bitcoins? Where would I store my gold? How can I move it to a new country?
As time has gone on I have realized that we spend a lot of money on protecting our property. We pay police, state governments, national armies to protect our property. Gold requires spending money either through taxes spent on a safe place to live where you can store your gold. It is a constant cost to keep people from taking your wealth.
Bitcoin does not have this cost. No government is required to protect my string of digits and letters. I can hold my wealth without needing a safe, home security system, local police department, national military, etc.
Maybe I can help you with that: Safes are probably one of the unsafest ways to store wealth as they are not really hidden just merely somewhat "protected". Gold can be melted and hidden as if it were some ordinary hosehold item. Also, and as you probably prefer to deal with the original bars my suggestion would be to bury them on your own home. I mean bury in a way that, even if you are forced to disclose where it is at point of gun it will take some time, tools, and a hell lot of noise to unbury (you need neighbours for this to be of any use). That's something you could also do with with other valuable items. You need a home and also you would be leaving it behind on your travels... nothing is perfect. For some of my bitcoins I recently purchased some crypto-steel and stored some bitcoins on those. I just moved from Afghanistan to Korea spending a few weeks in Thailand, Cambodia, Vietnam and French Polynesia. By moving, that meant bringing my crypto-steel with me (not trusting it to some post office). So here I am traveling with these metal squares through various security. I spent about 15 minutes in Dubai trying to explain my crypto-steel to security (I had them wrapped in metalic tape to ensure nobody tampered with them). I finally had to unwrap one enough to show what was inside (I also had full chemical gear so that was part of the inquisition as well....long story). I ended up checking my bag in with the crypto-steel from there on out and was paranoid every minute that they were not in my possession. Every hotel I went to had to have a safe. I ended up in one hotel without a safe and I only left briefly to eat. I ended up using a bus instead of going on airplanes when I traveled due to the difficulty. Flying from Vietnam to French Polynesia I decided to keep the crypto-steel with me to avoid the worry I had before. I had to explain to a Vietnamese security guard what they were, I used pictures on my phone and was ok after 5 minutes (I was surprised when he said "oh, Bitcoin!").
Please tell me you have backups of your cryptosteels and it is not that if they lose, destroy or otherwise take it apart you won't lose access to your bitcoins. I I think it is very funny that you not only are passing cryptosteels on the x-rays... but, COVERED WITH METALIC TAPE?? That's probably the most suspicious item you can carry on except maybe for a GUN or a pack of real explosives lol Also, I have always worried if they could consider that carrying bitcoins in international flights is something that should be declared or not. Probably not, but... If I had as much money as I have in bitcoins, in gold I would be carrying around 100lbs(may be way off) in gold from country to country. I can't imagine being mobile with gold.
That's a hell lot of gold, around 2.5mill$ in value. Exactly the same ammount that this guy tried to cross borders with: http://www.reuters.com/article/us-italy-gold-idUSBRE85H1Q920120618If I had nowhere near that amount in Bitcoins I would start diversifiying *ASAP*. Real state, gold, whatever.... but don't put all your eggs on the same basket. Diversification is key to any long term sucessful wealth. |
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so..... leaving aside macro-economics, demographics, and whatever other interesting stuff that diverts us from the more interesting RIGHT NOW, lets get back to the WALL OBSERVER & PRICE MOVEMENT topic mfkers
the huge correction is here... right?
haters gonna hate... but this moment looks pretty much it
dont u guys think?
EDIT: BTW, if u gonna get all excited about comparing 2013 rally in log chart.... i also advise looking at the proportion. According to this, we are not at the start of the rally, but very much at the end.
but who knows...
How the fuck do you calculate "proportions" to come to that conclusion??? Anyway, this is NOT 2013 |
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Down to USD 2640 on Bitstamp.
Kind of glad ... would be good to hover a few days around that mark so we don't really have an artificial pump on our hands ;-)
really ?? lol We'd go down faster if the pump just goes up like it did in 2013, and probably not even where we are now. Better to have at least semi-realistic artificial growth than a pump that lasts a few minutes. what meakes you think that this pump is different than the '13 pump ? on chart it all looks the same bro )) Go to bitcoinwisdom, change settings to logarithmic mode so that the graph is proportional, weekly chart, zoom out to have a full view...... Yeah, it looks similar, but, as you can see, it's just the beginning of it.Of course not saying this is 2013, but that would be the right way to do the comparison. that's the most advanced analysis I've seen during the last few years , keep working , good job If you want to compare apples to oranges that is the right way to do it. This is 2017 not 2013, and many things have changed in the echosystem (for good and for bad). 2013 was a 40x pump, 2017 has been a 2.5x atm. |
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Down to USD 2640 on Bitstamp.
Kind of glad ... would be good to hover a few days around that mark so we don't really have an artificial pump on our hands ;-)
really ?? lol We'd go down faster if the pump just goes up like it did in 2013, and probably not even where we are now. Better to have at least semi-realistic artificial growth than a pump that lasts a few minutes. what meakes you think that this pump is different than the '13 pump ? on chart it all looks the same bro )) Go to bitcoinwisdom, change settings to logarithmic mode so that the graph is proportional, weekly chart, zoom out to have a full view...... Yeah, it looks similar, but, as you can see, it's just the beginning of it. Of course not saying this is 2013, but that would be the right way to do the comparison. |
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Down to USD 2640 on Bitstamp.
Kind of glad ... would be good to hover a few days around that mark so we don't really have an artificial pump on our hands ;-)
really ?? lol We'd go down faster if the pump just goes up like it did in 2013, and probably not even where we are now. Better to have at least semi-realistic artificial growth than a pump that lasts a few minutes. Totally agree. And for that we need some people to keep selling on the way up. If nobody does this could end up in a blood bath for everyone. |
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Ok, NOW it is beginning to get parabolic as expected... and I would like it would lasts some more time doing it without a violent dump afterwards, so.... can you guys with big stashes start selling slowly from now on? (You know who you are, the guys with 100+BTC).
I mean, just a little part of your stash every time. Please, don't sell so much as the price changes the trend (so you can keep on selling in the future), but enough to make this a long peacefull jorney of profits for the rest of us poor fishes.
Thanks!
no more coins whales got slaughtered@$2000  weeeee I guess that someone didn't get the "slowly and little" part of it lol Oh well, back to where we were this morning.... |
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Ok, NOW it is beginning to get parabolic as expected... and I would like it would lasts some more time doing it without a violent dump afterwards, so.... can you guys with big stashes start selling slowly from now on? (You know who you are, the guys with 100+BTC).
I mean, just a little part of your stash every time. Please, don't sell so much as the price changes the trend (so you can keep on selling in the future), but enough to make this a long peacefull jorney of profits for the rest of us poor fishes.
Thanks!
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Is it just me or is the bitcoin actually going according to the graph of October to December graph of 2013? At the end, we should remember what happened that time.  Looks more like the April/May 2013 one to me. So... double bubble $10K Bitcoin in 2018? If that is the case expect a dip to ~$700 in the July month of your scenario. That's exactly what I'm expecting. But that could possibly happen in June, and a dip can be of ~$1000, in my opinion. I saw it as well. Didn't want to say anything publicly to jinx it but you guys caught it. October 2013 the price was $125 at the start. It doubled in a month to $250 in 2 weeks it was up to $500 a week later it doubled to $1000 then had the ATH within a few days before crashing. So look at $1250 as our start. We have doubled in a month. Top could be as high as $12,500. But if we are really considering 2013 as a reference you must take into account both "bubbles". We would be in the first one, which would rise to around $6000 and then dump to $2000.... then the second bubble up to $20.000. Of course we are not in 2013. |
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I've been doing some margin trading for a few days now, mostly making money for Kraken with fees, and always fighting against bots (I will probably buy one) and today more and more of my orders were cancelled, until I got the reason, Kraken doesn't have any more funds available for leveraging.
Too bad, but a bit reassuring at the same time that they don't allow unlimited marginal trading, I guess.
Oh... So that's what this message means?: Reason Insufficient margin I thought it was another bug or something related to MY margin (which would be weird as I have way more funds than margin used). Interesting to know. The bad thing is that if you don't notice it on time you can assume some orders have been executed when in fact has been cancelled afterwards. Fortunately I am always taking a look at my order history. |
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Lack of respect.
Why are they poor? Ask them that next time, before handing out anything.
I find after extensive investigation it's usually down to a lack of money. Some people are just born to suckle on the shitty end of the stick. And there but for the grace of God go any of us. Words of wisdom! |
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You reported similar behavior, yes, but that doesn't necessarily mean it's the same cause. What I'm saying is that this is the first time I've heard about this particular cause of price spikes from our developers. That doesn't mean it hasn't been around for a long time, I'm just saying I'm not sure how long it's been around since this is the first I've heard of this cause (again, cause, not the behavior). We've had other issues in the past that have caused similar spikes (like the bid>ask issue that has been discussed here before). Probably the behavior you saw 3 years ago was from the bid>ask issue.
Hi, Just to clarify can I set Stop Loss <= Market order for example to sell during large dips safely? I'm now paranoid about setting them and walking away but finding them triggered due to the spikes. The graph glitches are annoying but I can put up with those. I'd really like to be able to go to sleep in the knowledge that I can see some return. Being in the UK the real activity is invariably when I should be asleep! My experience with stop loss has made me to avoid them completely. They will almost always execute late and at the worst possible price, especially during down spikes (ie: It will trigger at the bottom of it). But hey. that's just me. You could set up a stop-loss limit order.... but it will probably not run unless the price is already on the rebound upwards. Maybe Dargo can guarantee you a better outcome, but I wouln't count on it. |
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My latest purchase I just received this morning. I think it is appropiate, in this times we are living, to remember some things from the recent (2007-2009) past.  Ha! It resembles Monopoly tm money  Yep, but they are authentic and were issued with a very little time difference. The 1 zim dollar is from 2007, and the 10 trillion one is from 2008. Awesome, isn't it? That's some FIAT inflation. They changed it into $2 ''bond note'' and the party will go on and on   Uhhh, I don't know if that $2 bond is more valuable or not.... but it doesn't remotely have the coolness factor of my 10 trillion dollars bank note  |
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demand was too great they ran outta coins!!!  lmfao So you mean they already sold OUR coins to cover the demand? |
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You guys are so rich now. It's embarrassing. I hope you're giving to the poor.  i have to walk to the local bank on a daily basis (part of my job). there are beggars sitting on the sidewalks. i always gave them change. since december, when price rise started to accelerate i decided to give em more as long as bitcoin is rising. not long ago i had to start handing out € 5 notes which raised some eyebrows. last week i switched to € 10 notes. they must really wonder what kind of freak i am, because next week i will start with € 20 bills and if this sucker keeps rising there are still € 50 and € 100 bills. not sure what price level must be reached until i pull out the € 500 bill. but i am commited.  Good lord! How many BTC you have? Nah, forget the question. I hope you are already converting some of your profits to FIAT (or you already have enough FIAT/Real estate just in case shit happens) if you have already reached your "richness" factor. Congrats! |
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