Rosewater Foundation
|
|
December 03, 2017, 01:55:43 AM |
|
This could well have been written about me. I'm not saying that it is always absolutely wrong to have 90% of your assets in BTC or whatever, but it should be because you are intentionally choosing to do so, not because the price got away from you and you never really considered that you now have 90% of your wealth riding on one thing. https://www.reddit.com/r/Bitcoin/comments/7gi55s/dont_invest_recklessly/I'm spooked again.
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
|
|
December 03, 2017, 01:59:47 AM |
|
This could well have been written about me. I'm not saying that it is always absolutely wrong to have 90% of your assets in BTC or whatever, but it should be because you are intentionally choosing to do so, not because the price got away from you and you never really considered that you now have 90% of your wealth riding on one thing. https://www.reddit.com/r/Bitcoin/comments/7gi55s/dont_invest_recklessly/I'm spooked again. All good stuff but the bit about a $100,000 price signifying the end of conventional economics is a bit daffy. It could get there tomorrow afternoon with enough pissheads and exchange outages and the world would carry on turning just as it was today.
|
|
|
|
Rosewater Foundation
|
|
December 03, 2017, 02:04:13 AM |
|
This could well have been written about me. I'm not saying that it is always absolutely wrong to have 90% of your assets in BTC or whatever, but it should be because you are intentionally choosing to do so, not because the price got away from you and you never really considered that you now have 90% of your wealth riding on one thing. https://www.reddit.com/r/Bitcoin/comments/7gi55s/dont_invest_recklessly/I'm spooked again. All good stuff but the bit about a $100,000 price signifying the end of conventional economics is a bit daffy. It could get there tomorrow afternoon with enough pissheads and exchange outages and the world would carry on turning just as it was today. I'm legitimately concerned about the possibility that Wall St. is setting us up for a big short. If 2014 taught us anything, there's just as much money to be made on the way down. And those guys don't give a toss.
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
|
|
December 03, 2017, 02:06:49 AM |
|
I'm legitimately concerned about the possibility that Wall St. is setting us up for a big short. If 2014 taught us anything, there's just as much money to be made on the way down. And those guys don't give a toss.
In Wall St. terms the way down from here is chicken feed. And a mega short right now could well kill things stone dead for a long, long time. I wonder what Wall St. would've done with a $250 Bitcoin that didn't move for months. Sod all probably. The head room is borderline infinite. And they'd be better off letting that run before walloping things when they can take it better.
|
|
|
|
Rosewater Foundation
|
|
December 03, 2017, 02:08:43 AM |
|
I'm legitimately concerned about the possibility that Wall St. is setting us up for a big short. If 2014 taught us anything, there's just as much money to be made on the way down. And those guys don't give a toss.
In Wall St. terms the way down from here is chicken feed. And a mega short right now could well kill things stone dead for a long, long time. I wonder what Wall St. would've done with a $250 Bitcoin that didn't move for months. Sod all probably. The head room is borderline infinite. And they'd be better off letting that run before walloping things when they can take it better. Interesting point.
|
|
|
|
explorer
Legendary
Offline
Activity: 2016
Merit: 1259
|
|
December 03, 2017, 02:13:58 AM |
|
I'm legitimately concerned about the possibility that Wall St. is setting us up for a big short. If 2014 taught us anything, there's just as much money to be made on the way down. And those guys don't give a toss.
In Wall St. terms the way down from here is chicken feed. And a mega short right now could well kill things stone dead for a long, long time. I wonder what Wall St. would've done with a $250 Bitcoin that didn't move for months. Sod all probably. The head room is borderline infinite. And they'd be better off letting that run before walloping things when they can take it better. Interesting point. And then, a few of them, might start to get it, and realize they are better off just quietly disappearing, bag in hand, rather than playing games for their masters.
|
|
|
|
jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
|
|
December 03, 2017, 02:27:59 AM |
|
So has anyone here actually treated themselves to anything after passing an arbitrary milestone?
Not yet. OTOH, my daughter asked me to walk her through my 'laddered day trading' strategy for monetizing the volatility. She's been sitting on her BTC for just shy of four years now. I guess she's ready.
|
|
|
|
jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
|
|
December 03, 2017, 02:29:45 AM |
|
I personally think John Macafee's dick is safe.
I'm not certain he will even make it to the deadline. He's 72 years old and all those drugs must have been taking a toll on his body. Perhaps he has an iron constitution. Better living through chemistry?
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
|
|
December 03, 2017, 02:36:11 AM |
|
Better living through chemistry?
His body certainly looks vigorous enough - full head of hair, smoking himself silly with no ill effects, previous experience as a yogi. I just wonder about the grey mush up the top steering it all.
|
|
|
|
jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
|
|
December 03, 2017, 02:40:39 AM |
|
Niiice. Didn't know you were a singer. Or musician of other stripe (U87 seems one of the most versatile LDCs available) I've sang through a U87 on several occasions. Oddly, the best my voice has sounded was through a TLM103. About one-third the cost of the standard nickel plated U87 Set Z. It was through the same Avalon tho.
|
|
|
|
Dabs
Legendary
Offline
Activity: 3416
Merit: 1912
The Concierge of Crypto
|
|
December 03, 2017, 02:44:50 AM |
|
If a miner uses a mining pool, mining gets centralized on that particular pool, by that pool operator, unless it's something like a p2p pool.
A long time ago, if a pool got too large, miners would voluntarily switch to another pool, or the pool itself would not accept new miners and direct them to other pools. I don't see those pools anymore, ghash, deepbit, btcguild ... maybe they're still around in some form or another name or something.
|
|
|
|
realr0ach
Sr. Member
Offline
Activity: 924
Merit: 311
#TheGoyimKnow
|
|
December 03, 2017, 03:01:21 AM Last edit: December 03, 2017, 03:17:34 AM by realr0ach |
|
The CME group are going to sell nothing. They wont matter.
Lol? They sell fraudulent Jewish derivatives. #thegoyimknow
|
|
|
|
Rosewater Foundation
|
|
December 03, 2017, 03:35:24 AM |
|
Niiice. Didn't know you were a singer. Or musician of other stripe (U87 seems one of the most versatile LDCs available) I've sang through a U87 on several occasions. Oddly, the best my voice has sounded was through a TLM103. About one-third the cost of the standard nickel plated U87 Set Z. It was through the same Avalon tho. Before I got wicked old and my health turned to shit I was in a funk band. I used to dream about one of these: https://www.sweetwater.com/store/detail/NE5HP73Seems like the price has gone down some. Anyway, it's a lovely machine.
|
|
|
|
|
Bitcoinaire
|
|
December 03, 2017, 04:04:35 AM |
|
Looks like a breakout may be imminent.......
|
|
|
|
Rosewater Foundation
|
|
December 03, 2017, 04:08:40 AM |
|
Looks like a breakout may be imminent.......
Yeah, I'm about to become a quarter-millionaire again. If Theymos knew I had like $5k in the bank he'd be wise to give me a stern talking to.
|
|
|
|
TERA2
Full Member
Offline
Activity: 266
Merit: 222
Deb Rah Von Doom
|
|
December 03, 2017, 04:33:24 AM |
|
It would be better for me if instead of Bitcoin going to $1,000,000, it simply went back and forth between $10,000 and $11,000 every day on an exact schedule.
|
|
|
|
Rosewater Foundation
|
|
December 03, 2017, 04:35:02 AM |
|
It would be better for me if instead of Bitcoin going to $1,000,000, it simply went back and forth between $10,000 and $11,000 every day on an exact schedule.
I'd like to have a look at that schedule, if you don't mind.
|
|
|
|
BTCMILLIONAIRE
|
|
December 03, 2017, 04:53:13 AM |
|
It would be better for me if instead of Bitcoin going to $1,000,000, it simply went back and forth between $10,000 and $11,000 every day on an exact schedule.
I'd like to have a look at that schedule, if you don't mind. Pretty sure making that schedule public would change it almost immediately.
|
|
|
|
Rosewater Foundation
|
|
December 03, 2017, 04:55:40 AM |
|
It would be better for me if instead of Bitcoin going to $1,000,000, it simply went back and forth between $10,000 and $11,000 every day on an exact schedule.
I'd like to have a look at that schedule, if you don't mind. Pretty sure making that schedule public would change it almost immediately. Butterfly effect?
|
|
|
|
|