JayJuanGee
Legendary
 Offline
Activity: 1932
Merit: 1815
How much alt coin diversification is needed? 0%?
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February 02, 2018, 07:03:31 AM |
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Excellent, logical and positive post! Would have +1’d but I ran out of spendable merit! ** If you need 2 merits to get one sMerit, will everyone eventually run out of sMerit? There was the initial distribution of merits and smerits and the rippling effects of the initial distribution would be expected to carry on for a year or more for members to use their merits and then the halvening too, like you mentioned. Yet, there are also 57 members that Theymos has designated as sources of about 12,000 smerits per 30 days, and Theymos seems to think that smerits flowing through sources will cause a sufficient enough supply of continued smerits rippling through the forum, yet it seems that it could take several months to determine how the merit system is playing out in terms of ranking up and flow of smerits, etc. I doubt it will dry up, but there could be questions about whether it will be fairly distributed and what kinds of posts will attract the giving of merit. The whole thing needs tweaking some more..seems to me. I dont have near enough merits to hand out. I dont want a shit ton more...but being able to reward comments daily and not run out seems like it would be a reasonable place to start. And another damn thing..some hero members had there merits raised if they where near legendary? If so..what about all the other ranks that where close to ranking up? Its all kinda arbitrary. Not that I really care..I still am going to give out the forked WOsMerits when earned  slightly on topic...seems the east is wakening up and is not happy..more dump? I read through a lot of the merit explanation thread (linked below): https://bitcointalk.org/index.php?topic=2818350.0Your concern about some kind of more fair distribution, whether prorata or based on activity level, was brought up in that thread several times, even by me. So, yeah, someone like you seems to have been disproportionately impacted in a negative way since you would have ranked up to sr. member this week - except the policy change is going to cause the need for you to receive 150 more merits (and less than 120 now because you already received about 30 in the past week)... I am not sure if there would be some way for Theymos to tweak the initial distribution again in order to make it more fair, but I know that such subject has been brought up by quite a few members... and yeah so far, it seems that he only tweaked the initial merit distribution of the hero members in the legendary range and not any other ranks, and he did not even do that in a pro-rata way based on activity, so I am not even sure if it is possible with the system (as long as the member had 775 activity points or more, the member received 1000 merits - and the previous allocation had been based on legendary status received 1000 and hero received 500). The hero redistribution was more fair and better, but certainly not perfect, which may have been more difficult to achieve. |
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"You Asked For Change, We Gave You Coins" -- casascius
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HairyMaclairy
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February 02, 2018, 07:04:48 AM |
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So many of these schemes have melted away. |
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starmman
Legendary
Offline
Activity: 1302
Merit: 1029
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February 02, 2018, 07:05:22 AM |
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Bitcoin dominance 34.9 and rising.
This is how we do.
Edit: 35%.
good to hear - needed to be a bit higher than it was (up to 35.4 now) - I have a feeling we are getting close to the bottom of the dip now |
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Enjel
Member
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Activity: 70
Merit: 21
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February 02, 2018, 07:11:46 AM |
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ETH seemed to be holding up so well, until it didn't.
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JayJuanGee
Legendary
Offline
Activity: 1932
Merit: 1815
How much alt coin diversification is needed? 0%?
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February 02, 2018, 07:17:58 AM |
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concept of support is silly
It is just a way of framing the matter for more clear understanding. Support is on the bottom and resistance is on the top. Can be strong or weak, but it seems to capture the idea, and even if it does not it seems to be common parlance in the trading world. |
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jojo69
Legendary
Offline
Activity: 1428
Merit: 1778
no FOMO
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February 02, 2018, 07:22:58 AM |
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LOL
XRP -30%
that rather takes the sting out of events
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HairyMaclairy
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February 02, 2018, 07:25:37 AM |
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LOL
XRP -30%
that rather takes the sting out of events
XRP could well go back to where it came from. And deservedly so. |
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JayJuanGee
Legendary
Offline
Activity: 1932
Merit: 1815
How much alt coin diversification is needed? 0%?
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February 02, 2018, 07:26:40 AM |
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That flat line at 8750 looks like something out of mtgox
Just curious - what is your prediction? I remembered you were very bearish a few weeks ago, but now you're not calling "big crash" like some are. There could be a big crash, but it's not going to happen all at once as were already in slow grind mode. It would be a slow slide with lots of bounces like 2014. I think from here it could go to 7-8K then have a bounce back up to 13K before proceeding with the next wave down to 5.5K then a much longer bounce to 10K and then a final wave to above 3K. This would mimic 2014. You could be correct Tera ( AKA terabera), but I think that part of the reason that you battle with folks in this thread so much is that you pick the more bearish of the scenarios - whether we are going up or even if we just started going down, and currently the more plausible scenario is that we are in a early 2013 type of correction, but instead you take the more bearish approach and purposefully chose the 2014 scenario - so peeps think that you are just a shill or disingenuous - and it is not because you are springing reality upon us, but instead you seem to want to purposefully spin doom and gloom - even when it is not justified... so it seems purposeful, and you even seem to know better ... in other words, it is difficult to believe that you really believe the extremely bearish shit that you propound on a regular basis, amirite? |
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Rosewater Foundation
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February 02, 2018, 07:30:33 AM |
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Wealth transferred, mission accomplished. Absolute savagery. Why I ever thought this would end in anything other than tears I'll never know.
What “this” are you referring to and what “end” are you talking about? It’s like gibberish. "This" was my plan to seastead myself away from you lowlife degenerates once and for all.  |
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HairyMaclairy
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February 02, 2018, 07:31:09 AM |
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How many weeks did 2013 last for? We are 7 weeks now since the peak. To me the slow length of the grind indicates a 2014 situation but happy to be challenged.
Importantly I don’t agree that a 2014 grind out would lead to a 2 year winter. I think the recovery would be much faster this time. Too much happening in the space.
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ghandi
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February 02, 2018, 07:34:39 AM |
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Back to Nov 25 levels. See you at the next bubble event 2021  |
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serveria.com
Member
 Online
Activity: 490
Merit: 78
Balls of steel
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February 02, 2018, 07:36:47 AM |
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Well, today we've fallen even lower. Even Enky Nakamura has called it quits. Anyway, I haven't sold a single BTC this year and will keep hodling no matter what. HODL!  |
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bitcoin_is_here_to_stay_2
Newbie
Offline
Activity: 28
Merit: 1
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February 02, 2018, 07:57:48 AM |
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TERA, can you add some explanations? Turning point? Strong support? Do you think the 2015 bull market has ended? If so, what is target for a next bull trap? and for the bottom? Sorry for so many questions, but I remember your very accurate multi-year chart from early 2014, that turned rather prescient. |
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JayJuanGee
Legendary
Offline
Activity: 1932
Merit: 1815
How much alt coin diversification is needed? 0%?
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February 02, 2018, 07:58:13 AM |
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Wealth transferred, mission accomplished. Absolute savagery. Why I ever thought this would end in anything other than tears I'll never know.
What “this” are you referring to and what “end” are you talking about? It’s like gibberish. "This" was my plan to seastead myself away from you lowlife degenerates once and for all. You are stuck with us for a few more months... HODL!!! |
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JayJuanGee
Legendary
Offline
Activity: 1932
Merit: 1815
How much alt coin diversification is needed? 0%?
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February 02, 2018, 08:00:48 AM |
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How many weeks did 2013 last for? We are 7 weeks now since the peak. To me the slow length of the grind indicates a 2014 situation but happy to be challenged.
Importantly I don’t agree that a 2014 grind out would lead to a 2 year winter. I think the recovery would be much faster this time. Too much happening in the space.
Only 1 year? How about we negotiate for 6 months or less? Can you grant that, Hairy Mac.... ... check with your people, and get back with my people. |
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Enjel
Member
Offline
Activity: 70
Merit: 21
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February 02, 2018, 08:04:40 AM |
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Are any people panicking right now?
For some reason, I'm totally calm, maybe because I've almost taken it for granted that in the long-term, Bitcoin is headed for 40k, and some of the good alts will follow it as well.
Too much FUD from the news - when the establishment news starts hyping Bitcoin, that's when I'll get worried for real.
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LFC_Bitcoin
Copper Member
Legendary
Online
Activity: 1750
Merit: 1831
One of the world's leading Bitcoin-powered casinos
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February 02, 2018, 08:12:06 AM |
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Are any people panicking right now?
For some reason, I'm totally calm, maybe because I've almost taken it for granted that in the long-term, Bitcoin is headed for 40k, and some of the good alts will follow it as well.
Too much FUD from the news - when the establishment news starts hyping Bitcoin, that's when I'll get worried for real.
$83xx - Another day, another $1000+ dump by the looks of it |
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samsonn25
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February 02, 2018, 08:14:33 AM Merited by JayJuanGee (1) |
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Nice healthy correction, especially all the other alt coins that were in a BUBBLE
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LFC_Bitcoin
Copper Member
Legendary
Online
Activity: 1750
Merit: 1831
One of the world's leading Bitcoin-powered casinos
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February 02, 2018, 08:20:07 AM |
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Nice healthy correction, especially all the other alt coins that were in a BUBBLE
I’m struggling to call a drop from $19,000 to $8,000 a correction. It’s an absolute travesty. I’m still HODLING though, no plan to sell until around 2021 but this was not part of my plan. |
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