HairyMaclairy
Legendary
 Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 17, 2018, 02:29:56 AM |
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Major incident ongoing at Bitmex as shorts get rekt. Sharp upturn in long:short positions shown by blue line bending back up.  |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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JayJuanGee
Legendary
Offline
Activity: 3696
Merit: 10148
Self-Custody is a right. Say no to"Non-custodial"
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February 17, 2018, 02:29:59 AM |
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bit of a leg up to 10335. unexpected?
We had a 2 minute spot on Ellen today. I expected more. I don't want to be a poor sport, but Richard Heart might have had a point. Wall street is just selling to mainstream audiences now, first CNBC, now daytime television. What's left? Where's the next gangster payout for yours truly?  You are not a "poor sport". You are a debbie downer, a party poop, a negative nancy, or a glass half-full thinker, which is not new for you. In other words, you have had a tendency to grant the downside much more weight that it deserves, even when the news is good. I think that we need to send someone over to you and Rosewater, and disable your BTC sell buttons.... you fucks... You guys are crashing dee price of our little friends.... with all your negative thinking and undue influences  Perhaps we could send user YourMother to be good for this job? or even Tera or jbreher would work since even they are more bullish then you guys in these war scenarios.. I would not mind sending fatman, but probably he would end up creating alliances with your to join in with selling his .3472 BTC holdings.  |
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 17, 2018, 02:31:47 AM |
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Don’t worry. Main Street isn’t buying yet. We have a long way to run.
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bitserve
Legendary
Offline
Activity: 1820
Merit: 1464
Self made HODLER ✓
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February 17, 2018, 02:31:57 AM |
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Lulz... Here I'm thinking "Well, I need to sell another batch of coins before end of Q1 for tax, and figured $12k is as good a target as any". Looks like I should probably start loading up on Gemini again  Didn't think we'd have this momentum so quickly. (and there... I probably just jinxed this rally...)$12k is good number. But I can think of better ones. If you had more tan 1000 Bitcoins and you were only another 100BTC sell away for retiring for good no matter if it is at 10K, 12K or whatever.... wouldn't you pull the trigger already? I know I would. I'm a degenerate gambler, deep down, in places I don't talk about at parties. I'd risk it. Not sure if you are serious or not  If the day comes when I could "retire" with just 10% of my stash.... I will pull the trigger (on that 10%). Most probably I would do it gradually until that 10% reached. If ever. That's my level of gambling here. Not more.. not less. |
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1115
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February 17, 2018, 02:32:11 AM |
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bit of a leg up to 10335. unexpected?
We had a 2 minute spot on Ellen today. I expected more. I don't want to be a poor sport, but Richard Heart might have had a point. Wall street is just selling to mainstream audiences now, first CNBC, now daytime television. What's left? Where's the next gangster payout for yours truly? You are not a "poor sport". You are a debbie downer, a party poop, a negative nancy, or a glass half-full thinker, which is not new for you. In other words, you have had a tendency to grant the downside much more weight that it deserves, even when the news is good. I think that we need to send someone over to you and Rosewater (perhaps user YourMother would be good for this job? or even Tera or jbreher would work since even they are more bullish then you guys sometimes), and disable your BTC sell buttons.... you fucks... You guys are crashing dee price of our little friends.... with all your negative thinking and undue influences DOOM |
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Biodom
Legendary
Offline
Activity: 3738
Merit: 3844
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February 17, 2018, 02:36:28 AM |
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2020... when I plan to buy Ireland.
Why Ireland? New Zealand is popular, apparently, but you'll have to outbid P. Thiel there, lol. |
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bitserve
Legendary
Offline
Activity: 1820
Merit: 1464
Self made HODLER ✓
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February 17, 2018, 02:36:46 AM |
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If you had more than 1000 Bitcoins and you were only another 100BTC sell away for retiring for good no matter if it is at 10K, 12K or whatever.... wouldn't you pull the trigger already? I know I would.
Already funded my retirement portfolio in early January before BTC dropped below $11.5k. I now have the luxury of waiting for the next month for things to go higher before I sell to cover tax liabilities. The next batch for Q1 tax will likely be the last batch I sell before 2020... when I plan to buy Ireland. Then that's a different thing. You are now REALLY completely free to "play" with your stash. I thought you still needed another batch for completing your retirement funds target. Congrats again! |
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JayJuanGee
Legendary
Offline
Activity: 3696
Merit: 10148
Self-Custody is a right. Say no to"Non-custodial"
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February 17, 2018, 02:37:42 AM |
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[...Shit happens...]
Yup  hahahahaha... your summary, is shit happens... ok.  How about you summarize it as: "I did not read that shit." Would probably be more accurate. I fucking it read it all bit by bit. I am an extremely fast reader btw so i read *EVERYTHING*. And yup, I feel very identified with your post. Yesterday was my last mistake when I sent an order with a thousand digit wrong so it go executed inmediately. Nothing critical as my system is based on lots of very small orders and also I (nowadays) have on exchanges less than 10% of my total stash. So yes, I feel you. And yes, my summary is: Shit happens hahahahahaha... fair enough. Sticking to your guns.  |
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explorer
Legendary
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Activity: 2016
Merit: 1259
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February 17, 2018, 02:40:12 AM |
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If you had more than 1000 Bitcoins and you were only another 100BTC sell away for retiring for good no matter if it is at 10K, 12K or whatever.... wouldn't you pull the trigger already? I know I would.
Already funded my retirement portfolio in early January before BTC dropped below $11.5k. I now have the luxury of waiting for the next month for things to go higher before I sell to cover tax liabilities. The next batch for Q1 tax will likely be the last batch I sell before 2020... when I plan to buy Ireland. Serious question: Do you believe that said portfolio will be worth 2/5 of fuck all 10 years from now, or is it just an interim til -Ireland? |
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1115
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February 17, 2018, 02:52:07 AM |
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2/5ths of fuck all is a good number. But I can think of better...
See, nothing to contribute. Fuck all. Fuck it. Go Bitcoin Go.
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bitserve
Legendary
Offline
Activity: 1820
Merit: 1464
Self made HODLER ✓
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February 17, 2018, 02:52:42 AM |
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Who has said higher highs and higher lows?
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1115
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February 17, 2018, 02:53:49 AM |
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Who has said higher highs and higher lows?
Maya Angelou? |
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explorer
Legendary
Offline
Activity: 2016
Merit: 1259
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February 17, 2018, 02:53:59 AM |
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Do you believe that said portfolio will be worth 2/5 of fuck all 10 years from now
Yes. Why do I believe this ? Because my portfolios from 10 years ago are worth way more than 2/5ths of fuck all. Past performance, etc does have some merit. And I expect they will be worth considerably more again, before the bottom falls out, for one reason or another. Just thinking the longer term prognosis of the legacy system is sketchy, at best. My own 'retirement' funds are fucking locked up until near death by government legislation, so I wrote them off as lost years ago. |
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bitserve
Legendary
Offline
Activity: 1820
Merit: 1464
Self made HODLER ✓
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February 17, 2018, 02:56:20 AM |
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Who has said higher highs and higher lows?
Maya Angelou? Gerontophile! |
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the artful bodger
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February 17, 2018, 03:10:48 AM |
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Don’t worry. Main Street isn’t buying yet. We have a long way to run.
Wall Street sniffing around bitcoin should pump it to $100k, and when Main Street starts buying it should pump it to a million. |
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RejectedBanana
Sr. Member
Offline
Activity: 406
Merit: 551
I am a banana.
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February 17, 2018, 03:39:00 AM |
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Let's assume (for the third or fourth time, I know) that this is the last time we see quad-digits. Dangerous, I know, but I get impatient. Since my last update, this means Da Bears only managed to erode into a single doubling floor, extending the $5k to $10k floor by 21 more days, for a total of 121 days since we last saw $5k. For reference, the Mt Gox correction eroded three presumed doubling floors ($640, $320, $160), taking over three years to reestablish these support levels. Projecting from trend, I'm thinking another 90 days until we establish $20k as a new floor, maybe around mid-May. $10k marks the 12th Bitcoin doubling floor since $2.50 in 2012. The shortest doubling floor was 39 days from $20 to $40. The longest doubling floor was 546 days from $80 to $160 post-Mt Gox. As a HODLer, I prefer charting floors vs all-time highs. ATHs are too transient and susceptible to FUD, making them more suitable for rektees traders.  Go Bitcoin Go!  https://bitcointalk.org/index.php?topic=2834180.msg29061043 |
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infofront (OP)
Legendary
Offline
Activity: 2632
Merit: 2780
Shitcoin Minimalist
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February 17, 2018, 03:45:03 AM |
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Let's assume (for the third or fourth time, I know) that this is the last time we see quad-digits. Dangerous, I know, but I get impatient. Since my last update, this means Da Bears only managed to erode into a single doubling floor, extending the $5k to $10k floor by 21 more days, for a total of 121 days since we last saw $5k. For reference, the Mt Gox correction eroded three presumed doubling floors ($640, $320, $160), taking over three years to reestablish these support levels. Projecting from trend, I'm thinking another 90 days until we establish $20k as a new floor, maybe around mid-May. $10k marks the 12th Bitcoin doubling floor since $2.50 in 2012. The shortest doubling floor was 39 days from $20 to $40. The longest doubling floor was 546 days from $80 to $160 post-Mt Gox. As a HODLer, I prefer charting floors vs all-time highs. ATHs are too transient and susceptible to FUD, making them more suitable for rektees traders. Go Bitcoin Go! https://bitcointalk.org/index.php?topic=2834180.msg29061043So, when are we going to hit $1,000,000? |
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bones261
Legendary
Offline
Activity: 1806
Merit: 1826
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So, when are we going to hit $1,000,000?
BTC will be $1,000,000 at about the same time that a loaf of Wonder Bread costs $50.00. Which may be sooner than we all think.. |
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explorer
Legendary
Offline
Activity: 2016
Merit: 1259
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February 17, 2018, 03:57:09 AM |
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So, when are we going to hit $1,000,000 for the last time?
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RejectedBanana
Sr. Member
Offline
Activity: 406
Merit: 551
I am a banana.
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February 17, 2018, 04:00:33 AM
Last edit: February 17, 2018, 04:13:37 AM by mfort312 |
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So, when are we going to hit $1,000,000?
Let's project. If we assume the average doubling floor time of 6 months over the last 5 years (including the 2014-2015 bear market): $20k Aug 2018 $40k Feb 2019 $80k Aug 2019 $160k Feb 2020 $320k Aug 2020 $640k Feb 2021 $1.28MM Aug 2021 Three and a half more years. If the doubling time persists at 3 months (the approx. average of the last three doublings), then just under two years. Mid 2020. Wow. edit: skipped a year |
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