YourMother
Legendary
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Activity: 1281
Merit: 1046
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August 10, 2017, 10:42:20 AM |
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"This time, the bitcoin mania, which has dwarfed even the Tulip Bulb lunacy, should become the posterchild graduate school case study for not only finance, but also psychology, sociology, and perhaps other disciplines. Ironically, for lacking discipline!
I love when these idiots are comparing a technology that will forever change for the better the future of payments/decentralization/governance/ and data... with a stupid fucking plant. These types of idiots and their followers deserve to be broke and sad until their final breaths on Earth.
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bitebits
Legendary
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Activity: 2250
Merit: 3588
Flippin' burgers since 1163.
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August 10, 2017, 10:44:14 AM Last edit: August 10, 2017, 10:57:09 AM by bitebits |
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[...] I systematically sell about 1% of my holdings for every 10% rise in price, and I buy back in similar amounts.
I have been employing my system since about $250 all the way up to current prices $3450 [...]
You should for all newbies make a disclaimer that your 'system' requires you to have your bitcoins at a third party exchange. And as you know by personal experience (Bitfinex, BTC-e) it is very likely you eventually lose those bitcoins 'stored' on an exchange (hacked, human error, government seizure, inside job, etc etc). Not even mentioning the Bitcoin Cash you have not received by not owning the bitcoin private keys.
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Heater
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August 10, 2017, 10:50:59 AM |
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This looks really nice. I think I'll go there when we hit 10k to celebrate.
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Starving_Marvin
Sr. Member
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Activity: 511
Merit: 250
Open and Transparent Science Powered By Blockchain
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August 10, 2017, 11:03:03 AM |
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Seriously guys, WTF is a NEO ?
According to the Shitcoin Gazette: NEO has recently gained some notoriety due to its collaboration with Chinese certificate authorities to map real-world assets using its smart contract technology. NEO has also signed partnership agreements with several startup companies. ¯\_(ツ)_/¯ Formerly known as AntShares. I don't understand why they changed their name. And the new logo is ugly. But otherwise the tech seems interesting. A bit like the Chinese version of ETH whereas XEM is the Japanese version of ETH. I.E. All of them have the ability to do "smart contracts" but at least XEM has an API (application platform interface) that is able to use (or compatible with) many other coding languages unlike Etherium, which uses only a single programming language in their API. I'm not sure about NEO but anyways if you hodl NEO in your wallet, you get GAS, which is equivalent to ETH on the Ethereum blockchain.
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Ibian
Legendary
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Activity: 2268
Merit: 1278
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August 10, 2017, 11:05:17 AM |
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[...] I systematically sell about 1% of my holdings for every 10% rise in price, and I buy back in similar amounts.
I have been employing my system since about $250 all the way up to current prices $3450 [...]
You should for all newbies make a disclaimer that your 'system' requires you to have your bitcoins at a third party exchange. And as you know by personal experience (Bitfinex, BTC-e) it is very likely you eventually lose those bitcoins 'stored' on an exchange (hacked, human error, government seizure, inside job, etc etc). Not even mentioning the Bitcoin Cash you have not received by not owning the bitcoin private keys. Localbitcoin is an option.
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kurious
Legendary
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Activity: 2590
Merit: 1643
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August 10, 2017, 11:07:38 AM |
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Disclosure: I am googling serious security options. And getting a little paranoid.
Use startpage.com instead. Thanks. I tend to use different laptops for general browing / email 'normal' stuff and keep clean macs for crypto. One for BTC and one for 'other coins' useful when rinsing out the BCC from old cleared paper wallets and keeping the BCC stuff away from my BTC core wallet (which I only use for in and out and back into cold storage) I tried DuckDuckGo a while back - is startpage better?
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bitserve
Legendary
Offline
Activity: 1834
Merit: 1477
Self made HODLER ✓
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August 10, 2017, 11:29:39 AM |
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Anyone else still having active lendings from end of July at the crazy rates those days?
I only left there a fraction of a BTC that I wouldn't care to withdraw so I decided to lend it. 11 days later I have had a ROI of more than 20% (2% daily). The lend is for 60 days, but the borrower could cancel any time.
Why would someone do that? If he keeps the lend until the end of the period I will make 120% on it. What is that, someone marging shorting BTC until he gets liquidated? (if not for the price increase for the huge lending interest).
Unfortunately it was a very small amount but... still... Anyone still having some active lends at crazy rates for a significant amount of BTC?
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empowering
Legendary
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Activity: 1078
Merit: 1441
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August 10, 2017, 11:33:56 AM Last edit: August 10, 2017, 12:00:00 PM by empowering |
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Seriously guys, WTF is a NEO ?
According to the Shitcoin Gazette: NEO has recently gained some notoriety due to its collaboration with Chinese certificate authorities to map real-world assets using its smart contract technology. NEO has also signed partnership agreements with several startup companies. ¯\_(ツ)_/¯ Formerly known as AntShares. I don't understand why they changed their name. And the new logo is ugly. But otherwise the tech seems interesting. A bit like the Chinese version of ETH whereas XEM is the Japanese version of ETH. I.E. All of them have the ability to do "smart contracts" but at least XEM has an API (application platform interface) that is able to use (or compatible with) many other coding languages unlike Etherium, which uses only a single programming language in their API. I'm not sure about NEO but anyways if you hodl NEO in your wallet, you get GAS, which is equivalent to ETH on the Ethereum blockchain. Da Hongfei seems solid - no comparisons being offered (and after all we do invest in people) NEO is quantum resistant and has a scaling solution (sharding) waiting to go. Microsoft involvement, with listing real world assets- several other interesting collaborations - inlcuding with OnChain which is a private Blockchain/company which is owned by Da Hongfei & partners, and is VERY VERY VERY well connected. Also as well as the Neo Chain and On Chain there is the Law Chain/Identity Chain, which the gubermint are on board with- also BFT Blockchain is compliant with the good folks in the guberment. They are building fiat on and off ramps- one will be able to store fiat on chain, and take fees and charges in fiat. The Chinese love to back their own. Also of interest is the GAS you get paid- you get paid for bookkeeping activities per a fixed reward - however there are also going to be fees chargable for creating and executing smart contracts. (effectively you become a share holder of Neo Chain and share in all ongoing profits generated by activites on the chain , and not just the fixed "block rewards" ) It looks like they will enter some interesting markets, ICO's Invoice factoring for not just SME's but also some bigger players (I can see OnChain linking them with Alibaba further in the future) I have been singing its praises since around $1 - I am locked and loaded- and will continue to acquire more. These guys impressed me - take it as a shill or take it as information- up to you. This coin is going to number 2 IMO - been saying so for months. (Ps this is a bit of a corp /guberment friendly coin- I make no moral statements regarding this- I just think it has success written all over it in giant red marker pen... from an investment/trading point of view)
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kurious
Legendary
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Activity: 2590
Merit: 1643
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August 10, 2017, 11:42:54 AM |
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if you haven't recovered from your socialist indoctrination, fine, it takes time, and we all do it at different rates but can we stop with the reactionary statist claptrap, guys; it's vomitorious ffs in a bitcoin thread. bitcoin is about creating sovereign individuals not sovereign states you can't be fine with undoing central banks but somehow not fine with undoing central governments
You can assume I am an indoctrinated socialist if you wish, but you'd be wrong - and I am far from a reactionary statist, I have never worked for anyone but myself, so I am about as 'sovereign' as I can be. We all have our opinions on this and you are of course are entitled to yours, but I don't see why you think I should approve of Brexit just because I am long term supporter of BTC. BTC doesn't care is you're a swivel-eyed fascist, or a fucking saint. Actually GBP crashing down to a multi-decade low has at least meant my BTC are worth more in GBP and I will be personally fine whatever happens - but then I would either way. However, for my particular city (which voted overwhelmingly against Brexit), for my business and for my staff, it's not good news at all and I am just speaking of what I know, as I find it. That's all.
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FractalUniverse
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August 10, 2017, 11:49:49 AM |
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Anyone else still having active lendings from end of July at the crazy rates those days?
I only left there a fraction of a BTC that I wouldn't care to withdraw so I decided to lend it. 11 days later I have had a ROI of more than 20% (2% daily). The lend is for 60 days, but the borrower could cancel any time.
Why would someone do that? If he keeps the lend until the end of the period I will make 120% on it. What is that, someone marging shorting BTC until he gets liquidated? (if not for the price increase for the huge lending interest).
Unfortunately it was a very small amount but... still... Anyone still having some active lends at crazy rates for a significant amount of BTC?
maybe its just small part of his margin loan, so he didnt notice. rate i can lend on finex atm is just 0.02-0.03 (?) not worth it. You are lucky
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bitebits
Legendary
Offline
Activity: 2250
Merit: 3588
Flippin' burgers since 1163.
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August 10, 2017, 12:01:31 PM Last edit: August 10, 2017, 12:25:17 PM by bitebits |
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The 2x part will never happen in November but who cares? Bigblockers have finally there BCash coin with no Segwit+8mb blocks...thats what they wanted, right?
What they want is control. Block sizes are irrelevant And that is exactly what makes me afraid of a 'core' implementation. Multiple implementations needs to be highly encouraged. Software has bugs, at least with multiple implementations you mitigate that risk. IMHO the core team is making a big mistake by making their implementation incompatible with the 2X part of the NYA. It makes me sick how /r/bitcoin is currently involuntarily displaying a very narrowed view on the matter. I care about Bitcoin and the freedom it provides and don't need anyone to tell what is best, just code and stfu. I tried DuckDuckGo a while back - is startpage better? Yes, since it simply uses the google results but not linked to your IP / identity. You can scroll down a bit on the main website for details. (I would advise to create a personal link in the settings to for example only use EU servers, search suggestions etc)
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Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1465
Clueless!
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August 10, 2017, 12:09:06 PM |
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Actually, Imho...not that I'm a big core fan..what they are doing makes sense (from their point of view)
everyone is on board for seg witness...the 2mb block is separate, thus from their view likely they will
garner more than 51% and own the chain again, becasuse of the seg witness acceptance..thus..punting a hard fork off into the future at best.
Or am I missing a step or two in this drama?
Anyway, seems like a pretty safe gamble to me, from bitcoin cores viewpoint
(again I know zip...but how I see it)
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kurious
Legendary
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Activity: 2590
Merit: 1643
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August 10, 2017, 12:18:01 PM |
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Yes, since it simply uses the google results but not linked to your IP / identity. You can scroll down a bit on the main website for details. (I would advise to create a personal link in the settings to for example only use EU servers, search suggestions etc)
Cheers - I will check it out
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Meuh6879
Legendary
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Activity: 1512
Merit: 1012
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August 10, 2017, 12:44:29 PM |
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You can book it on expedia with bitcoins I prefer south korea (jeju island for example ...).
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bitserve
Legendary
Offline
Activity: 1834
Merit: 1477
Self made HODLER ✓
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August 10, 2017, 12:48:22 PM |
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Anyone else still having active lendings from end of July at the crazy rates those days?
I only left there a fraction of a BTC that I wouldn't care to withdraw so I decided to lend it. 11 days later I have had a ROI of more than 20% (2% daily). The lend is for 60 days, but the borrower could cancel any time.
Why would someone do that? If he keeps the lend until the end of the period I will make 120% on it. What is that, someone marging shorting BTC until he gets liquidated? (if not for the price increase for the huge lending interest).
Unfortunately it was a very small amount but... still... Anyone still having some active lends at crazy rates for a significant amount of BTC?
maybe its just small part of his margin loan, so he didnt notice. rate i can lend on finex atm is just 0.02-0.03 (?) not worth it. You are lucky Yes, that makes sense. He opened the loan on the worst possible moment (skyhigh rates) but maybe most of it were 2 day term loans that have already been renewed at much lower rates. It's a very small amount, but enough to buy me a few drinks with the interest earned alone Anecdotical. Just wanting to know if somebody experienced the same with a more considerable amount of BTC.
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Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
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August 10, 2017, 01:00:34 PM |
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You can book it on expedia with bitcoins I prefer south korea (jeju island for example ...). I currently live in South Korea. Have not visited Jeju Island yet. Will definitely give it a try. I have not been taking advantage of the country as much as I should though...mainly sticking close to home. I don't know why.
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Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
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August 10, 2017, 01:10:45 PM |
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Btw. For anyone who was wondering, I did some research on capital gains (United States).
A single person can sell about $38k worth of bitcoins per year and pay 0% capital gains as long as you have no other income (twice that as a married couple). That's about $3k per month tax free if you can find a place to live on that comfortably (You can live on $500 per month in Thailand).
Basically, If you are 30 and plan to live until 85 you only need about 150 bitcoins to retire right now, tax free.
About 100 BTC if you are over 50.
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Globb0
Legendary
Offline
Activity: 2702
Merit: 2053
Free spirit
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August 10, 2017, 01:12:37 PM |
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Seriously guys, WTF is a NEO ?
According to the Shitcoin Gazette: NEO has recently gained some notoriety due to its collaboration with Chinese certificate authorities to map real-world assets using its smart contract technology. NEO has also signed partnership agreements with several startup companies. ¯\_(ツ)_/¯ Formerly known as AntShares. I don't understand why they changed their name. And the new logo is ugly. But otherwise the tech seems interesting. A bit like the Chinese version of ETH whereas XEM is the Japanese version of ETH. I.E. All of them have the ability to do "smart contracts" but at least XEM has an API (application platform interface) that is able to use (or compatible with) many other coding languages unlike Etherium, which uses only a single programming language in their API. I'm not sure about NEO but anyways if you hodl NEO in your wallet, you get GAS, which is equivalent to ETH on the Ethereum blockchain. Da Hongfei seems solid - no comparisons being offered (and after all we do invest in people) NEO is quantum resistant and has a scaling solution (sharding) waiting to go. Microsoft involvement, with listing real world assets- several other interesting collaborations - inlcuding with OnChain which is a private Blockchain/company which is owned by Da Hongfei & partners, and is VERY VERY VERY well connected. Also as well as the Neo Chain and On Chain there is the Law Chain/Identity Chain, which the gubermint are on board with- also BFT Blockchain is compliant with the good folks in the guberment. They are building fiat on and off ramps- one will be able to store fiat on chain, and take fees and charges in fiat. The Chinese love to back their own. Also of interest is the GAS you get paid- you get paid for bookkeeping activities per a fixed reward - however there are also going to be fees chargable for creating and executing smart contracts. (effectively you become a share holder of Neo Chain and share in all ongoing profits generated by activites on the chain , and not just the fixed "block rewards" ) It looks like they will enter some interesting markets, ICO's Invoice factoring for not just SME's but also some bigger players (I can see OnChain linking them with Alibaba further in the future) I have been singing its praises since around $1 - I am locked and loaded- and will continue to acquire more. These guys impressed me - take it as a shill or take it as information- up to you. This coin is going to number 2 IMO - been saying so for months. (Ps this is a bit of a corp /guberment friendly coin- I make no moral statements regarding this- I just think it has success written all over it in giant red marker pen... from an investment/trading point of view) How can it be quantum resistant before quantum is really a proper thing. Who knows what it will or wont do? or will and wont do for that matter.
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K~Ehleyr
Sr. Member
Offline
Activity: 434
Merit: 250
Ooh, shiny things!!
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August 10, 2017, 01:25:22 PM |
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if you haven't recovered from your socialist indoctrination, fine, it takes time, and we all do it at different rates but can we stop with the reactionary statist claptrap, guys; it's vomitorious ffs in a bitcoin thread. bitcoin is about creating sovereign individuals not sovereign states you can't be fine with undoing central banks but somehow not fine with undoing central governments
You can assume I am an indoctrinated socialist if you wish, but you'd be wrong - and I am far from a reactionary statist, I have never worked for anyone but myself, so I am about as 'sovereign' as I can be. We all have our opinions on this and you are of course are entitled to yours, but I don't see why you think I should approve of Brexit just because I am long term supporter of BTC. BTC doesn't care is you're a swivel-eyed fascist, or a fucking saint. Actually GBP crashing down to a multi-decade low has at least meant my BTC are worth more in GBP and I will be personally fine whatever happens - but then I would either way. However, for my particular city (which voted overwhelmingly against Brexit), for my business and for my staff, it's not good news at all and I am just speaking of what I know, as I find it. That's all. Spot on @kurious! And Brexit is not an example of "undoing central governments". Maybe some people voted for it thinking it was but it isn't. It's just swapping one government for another even more centralized government. And in doing so the UK is going to be left in ruins. Many Leave voters now realise that they were lied to and manipulated (rendering the Brexiteers' meme that "the People have spoken" completely meaningless) but I don't think anybody can yet conceive of how disastrous this is going to be. Ah well, collapsing economies are good for crypto!
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bitserve
Legendary
Offline
Activity: 1834
Merit: 1477
Self made HODLER ✓
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August 10, 2017, 01:26:32 PM |
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Btw. For anyone who was wondering, I did some research on capital gains (United States).
A single person can sell about $38k worth of bitcoins per year and pay 0% capital gains as long as you have no other income (twice that as a married couple). That's about $3k per month tax free if you can find a place to live on that comfortably (You can live on $500 per month in Thailand).
Basically, If you are 30 and plan to live until 85 you only need about 150 bitcoins to retire right now, tax free.
About 100 BTC if you are over 50.
When you say you can live with $500 per month.... what does that include? Home Renting? Electricity? Food? Meds? Health care? Drinks? Car? Gas? Security? Clothes? Electronics? Mobile phone service? Internet? Or is it just for home renting and food?
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