I just noticed that those green/red glasses in the ChartBuddy pics have their colors the wrong way around. They don't match the sides of the chart line colors. And if the guy in the avatar wears them, he won't be able to see shit.

Actually, it may not be wrong... I need to read more on Anaglyph 3D. Is ChartBuddy really a 3D image? I don't have (never had) such glasses to try. Can Richy_T clarify?

There's no confirmed maths & science. There's only maths & science.

How much maths & science do you know? 0%? This reminds me of something...

The problem with Big Blockers^TM, as with many of those trying to push their own perspective of "how it should be done" to the Bitcoin protocol, is that they tend to think highly of themselves, a kind of superiority complex, claiming to "know what's best" for Bitcoin. They usually have a computer programming background and may even be very competent programmers. I guess most of them mean well, i.e., they genuinely want to improve the protocol. What they fail to realise is that Bitcoin is a complex system, and tweaking a parameter can have unpredictable consequences that can gravely affect its stability and performance. It's easy to criticize and suggest modifications, increasing the block size limit and/or other improvements, but this is not some application you're trying to improve, that you can easily replace with a new version if it fails. This is a trillion-dollar digital monetary network, that entire countries are (and will soon be) using as legal tender, so you'd better be absolutely positively sure you know exactly what you're doing before even suggesting any changes.

Oh, and BTW, there are at least two Big Block^TM live "versions" of Bitcoin: BCH (a.k.a. Bcash LOL) and BSV (CSW's creation). The toughest critic is the market itself. If these two shitcoins had any benefit to offer, as compared to Bitcoin, the "flippening" would have long happened, they would now be at the top of the "cryptocurrency" list, and everyone and their dog would be talking about them. Well, they aren't, and I've never heard anyone talking about them, except Ver, CSW, Ayre, and their propaganda sites (CoinGeek, their toxic reddit threads, etc.).

Block size changes should (and will) happen, but they will happen gradually, and after being excruciatingly tested for bugs and other side-effects. Personally, I see Bitcoin as a kind of living entity. Just as evolution, with its Darwinian "survival of the fittest" has proven to be the best improvement strategy in the biological domain, so it should be in the case of Bitcoin. A "survival of the fittest" strategy, with consensus as its core mechanism of choice, enabling slow, gradual, incremental changes, which, after a good amount of time and testing, will advance Bitcoin to a higher state of evolution into a better coin than it currently is. Sure, I'd really like to have one extra eye at the back of my head, 12 fingers in each hand and two dicks. Guess what. This may not be the best choice for me, despite what I may think. Mother nature has made us the way we are, because that's the best for us, for now. Bitcoin will evolve too, but we'd better not force changes to the protocol just because we think they're good for it, but which could cause damage to it in the long run.

If it ain't broke, don't fix it. It ain't broke. Not yet. When it is, it will be fixed by those who can fix it. Want to help? Go ahead, propose things, suggestions, improvements, let them be evaluated, scrutinized, tested. Be thankful you are part of this. Don't be bitter because your brilliant ideas are not immediately implemented.

Thanks for this Jay, these are some great ideas for him to consider, and I will let him know. DCA is a good investment strategy, and DCA+Bitcoin is just awesome. Just thinking of the amount of profit one can achieve by only regularly contributing pocket change amounts really. I also liked the ease of use of the Swan app. This will surely make the process much easier than logging in to Kraken, setting up orders, etc. In fact, it sounds kind of good for me too. What's wrong with putting $50 per week or month in Bitcoin? Hell, even Bob does it! Many people consider $50 to be far too small to even bother investing in Bitcoin, and wait to accumulate larger chunks of fiat. I do that too. I've never transferred amounts less than $1000 to an exchange for buying BTC. The key word here is regularity. $50, or even $10, when converted to BTC regularly, say, every week or month, can lead to unbelievably large gains. It's so tempting...

About that video, yeah, it's funny. I made it by chopping clips from a longer video of this guy talking about how he got scammed by Bitconnect. It's sad really, if you think about it. So many people falling for this "cryptocurrency shit". I guess greed is so strong that it can overwhelm logical thinking and drive people to do crazy things. I mean, just look at Bitcoin's performance over the years. What more could anyone want? How much better? But people, especially noobs, want an even faster way to reach "fuck-you" status, and then they get "fucked-up" by those scams. In a funny way, they did achieve a kind of "fuck-you" status, except they were the ones being fucked up.

My above mentioned friend can also be considered one of those people. He started with $6k, when 1 BTC = $1k-1.5k. He could have bought 4-5 BTC then. But he thought "it's too expensive" as usual, and played with shitcoins instead. Non-stop. For almost 5 years! Sure, he ended up with nearly 3x of his initial investment (from $6k to $16k), which sounds kind of OK. But to do this, he made countless buys/sells between dozens of shitcoins. His Kraken account once reached a 30-day volume of more than $1M. He even installed a PC+monitor in his bedroom (I wonder what his wife thought of this), just to be able to observe the charts 24/7. So much work for a measly 3x gain? If he had bought 5 BTC and had just forgotten about it (no work, no chart observing, no trying to catch the market, etc., just HoDLing), he would now have $160k which is around 27x of his initial investment. I think this is what he has now realised, and he just wants to withdraw his profits. At least he's keeping his initial investment ($6k) in BTC, just under 0.2 BTC, and he intends to HoDL it for many years he says.

The lesson learned here is that investing in Bitcoin requires patience, it's a slow process, not a get-rich-quick scheme. For me, an important element that empowered me to HoDL strong and not sell or do any other crazy shit, is understanding the tech. When one understands how Bitcoin works and what gives it its superiority over any other shitcoin out there, then it's much easier to keep HoDLing, even through tough times such as 2018-2019. No need to be a rocket scientist, there are features in Bitcoin that are so easy to understand, such as the concept of Halving. This is what made me purchase my first coins in late-2015. Because I knew that the upcoming 2016 Halving would drive the price up. It's simple supply-demand, no need to be an expert or anything, just common sense.

So, to sum things up, I'd say, if you have a big chunk of fiat, buy Bitcoin now. If not, do it the DCA way, as you eloquently described above. Either way is a winning strategy. I know some of us here are playing with shitcoins, and that's OK if they know what they're doing, or if the end target is BTC. But for those (like me) who want peace of mind, and don't want to be glued to a screen observing charts 24/7, Bitcoin is an almost sure bet, that will take its time, will have its ups and downs, its Saylors and its Elons, but will greatly reward us in the end, whatever that end may be for each one of us.

Will do, thanks. Too busy IRL, but so great to have WO (and WOers) pointing us to the good stuff.  

This sounds like big news. I just hope LN won't collapse under such a heavy load as an entire country officially adopting it. I'm in favor of LN, but from the few things I've read about it over the years, I get a bittersweet feeling, like it's not yet a polished protocol. I hope I'm wrong and it passes the test with flying colors.

Lots of good news lately, not yet reflected in the price. I'm sensing a massive UPpity move in the coming weeks.

Yes, good idea, thanks. He's not very good with technical stuff, so I should keep things as simple as can be. A vanilla paper wallet (without a seed) can be dangerous. The seed is a human-readable version of the private key, so I should use that instead.

OK, so I was at our usual Sunday BBQ yesterday, and a coiner friend tells me he wants to withdraw 2/3 of his shitcoin stash, in fiat. I asked why, he said he's fed up with it. He has been playing with shitcoins for 5 years now, and managed to triple his fiat value, but not more than that. If he had listened to me and had kept and HeDL everything in BTC, he would now be at least 30x of his initial investment.

He will be withdrawing around $10k in fiat (to his bank account), and using the remaining $6k to buy BTC (yes, no shitcoins!), and HoDL it. That should give him around 0.17 BTC. Not much, but still OK for a healthy sum a few years from now. He even told me to withdraw that 0.17 BTC from Kraken and keep it in a paper wallet, so that he won't be tempted to "play" with shitcoins again. I think he learned his lesson the hard way. He could have almost 5 BTC now, if he had stayed in BTC the entire time. When he started, 1 BTC had just passed $1k...

Going there now, for another mini-BBQ, and to help him with the withdrawal.

HoDL (and don't you dare go into this cryptocurrency shit).

Almost all major world-changing discoveries/innovations/inventions in the history of the world came from "crazy" scientists, engineers, experimentalists. They came from those who could (and dared to) think outside of the box. Galileo, Einstein, Schrödinger, Tesla, Turing, too many to mention. The establishment of their time ignored them, ridiculed them, and even persecuted them for their work. And 100 years later they put them in banknotes and stamps and make sculptures of them. This is how the world works. History is repeating and will keep repeating, and, sadly, we seem to never learn from the past and repeat the same mistakes all over again.

But, as you correctly mentioned in the quote above, Bitcoin (or heliocentrism, or relativity theory, or quantum mechanics, or alternating current, or computer science) doesn't give a shit about what the world thinks of it.

I used to like you,
Sending rockets to the sky.
You're so smart, I thought.

That's a cool name, bro!
Is that an A or an E?
Æ boy or æ girl?

Must be from Mars, right?
Extraterrestrial shit.
U F fucking O!

Heartbroken, are you?
Don't you like Bitcoin no more?
You fucking tweet whore.

I have news for you.
Your ass will soon be screaming
"WOOF, WOOF," like a DOG!

#presundayhaiku

Damn, all those ChartBuddy images look exactly the same to me, to the point of not even bothering to look at them anymore. I'm beginning to see Arrie's point here...

I guess there should be a big move (up or down) and some big walls forming, for those charts to look interesting.

Yeah, Elon is the dick McAfee didn't eat when promised.

No worries, the badger will take care of them both.

Thanks.

It's good to be able to go from S to the non-S version. I know S is a safe, limited version, but was not aware that it can be converted to the normal Windows 10. The positive aspect of this, is that you're gaining experience in such issues, which is something that can come in handy in the future, especially for Windows users.

BTW, have you already bought a 3D printer? I must have missed some posts there... Is it a resin-based one? Which one? I've always wanted to get into resin 3D printing, mainly due to the fine detail it can achieve. Prices have gone down considerably, so it's almost risk-free to give it a try. I'm concerned about the mess in handling the resin. I hope it's easier that what I imagine.

Let us know how it performs. And be patient, 3D printing is still not quite the plug-and-play experience many expect it to be.

Document just submitted. It came out really nice, but fucked me up good during the last few days... Too much pressure... I'm surprised I still have all of my hair intact (for now).

It's so good being able to read WO properly again.

So, Arrie got himself a sparkling new laptop. That's good. But Windows 10 S? Did I read this correctly? WTF?

I like ChartBuddy. Not because of its content. I don't even care about its content. It's just fun to see it pop up every now and then. Like someone farting in the elevator sort of thing. It's just like a ping in the network, a keep-alive signal. Seeing that King Daddy is not doing this lately, ChartBuddy serves that purpose nicely.

I like JJG's issues with crypto sooooo much. Whenever I see someone mentioning the word (I just did), I know there will be a reaction. And Jay is right too. WTF is crypto anyways? This is a King Daddy thread and King Daddy has a name and that name is not fucking crypto. You fucks!

In a few days I'll be having my first dose of the COVID-19 vaccine. The Pfizer variety. I know, 5G, Bill Gates, PlanDemic and all that shit. But I always liked to experiment with myself. I want this thing in me. Whatever happens, I'm a coiner, King Daddy will take care of me, I'm sure.

What a pointless post this is... But it's good to be back. The only thing left now is a mega-pump to ATH. That would take care of everything, even Arrie's crippled new laptop!

@JJG & @bitebits:

Thanks for your posts regarding my cousin's coinage situation. ("coinage", "coinery", "thinkenings", I like it!).

I really don't have any spare time at all for posting in WO right now. Too busy with a very important technical document at work (can't disclose much, but suffice to say that it concerns national security, and people can die if I make a mistake).

As bitebits pointed out, my cousin already got his first 0.1 BTC in the beginning of the month (spent $6k for it, which could sound absurdly expensive to noobs—read this in a couple of years, noobs), so technically he's already a coiner, albeit a teeny weeny tiny little one. He wired another $6k to buy moar (so, a total of $12k invested, with half available for new coins). Luckily, for him, yesterday corn dipped below his first limit order ($3k @ $34,100), so his order must have already been executed, raising his stash to 0.19 BTC. Not bad. Not bad at all. There is another limit order set up for the remaining fiat ($3k @ $30,500), which looks like it will never be executed (but, never say never again, says Sean Coinery).

My cousin may have gotten lucky this time, but I still (and likely always will) maintain my position of "the best time to buy BTC is right now". Waiting for a dip is more or less like rolling a dice, and, as such, you never really know what you're going to get. Of course, there are times when a short-term trend is forming, when you could (coulda, shoulda, woulda) do dis and do dat, but no, I don't want to do dat. I just buy when I can, and HoDL what I have. Has worked for me nicely over the years, won't be changing my strategy any time soon.


@Arrie:

Some friendly, "no offense" suggestions: get a new, modern laptop ASAP, costing no less than $800. Enable Wi-Fi in your home. Enable Windows Updates. Microsoft doesn't care at all who Arrie is, and will not attempt to attack you or extort you, but hackers could, if you don't receive critical updates. If you leaved your Volvo (was it a Volvo?) unused in your garage for 3 years, would you expect it to start up straight away? Computers are not perfect, and they are extremely complicated things, totally different from a stereo system. Your computer (even the very old one you currently have) is orders of magnitude more powerful than the computer on board the Apollo spacecraft that took man on the moon. Appreciate it for what it's done for you over the years, but also upgrade/replace it when the time comes, to make your life easier. See the glass half-full and not half-empty, try to be less grouchy, and enjoy your newfound hobby of 3D printing.


Back to work it is for me... Keep on doing what you do, WOers!


Edit: Corrected small typos.

Yes, I've seen weekend pumps and weekend dumps. Never thought about it this way, it could be what you're saying. It's definitely not constant, but varies from pump to sideways to dump.

Lucky or not, my cousin is in for a pleasant surprise when price reaches and exceeds $100k, which could happen sooner that we think. Any time is a good time to buy corn, that's Bitcoin 101. We'll wait until sometime next week and if his orders are not filled, I'll log-in to his Kraken account and buy everything at market price (I have his log-in details, he trusts me).

...and down she goes (again)...

Another BTFD opportunity.

My cousin's $6k is split into two orders: $3k @ $34,100 and another $3k @ $30,500, waiting to be filled.

I was a bit reluctant about these orders, I suggested for him to buy at market price and be done with it, but it looks like he may get lucky.

Or not.

We'll know soon enough.

FTFY.

How many BTC coins did you have in MtGox, if you don't mind me asking?

Coingeek Conference...

Calvin Ayre owns this shit. Isn't it obvious who the speakers would be?

It's a non-event. The party afterwards could be interesting though. Must be lots of pretty girls there, probably of the barely-legal variety, given Ayre's preference for young things.