rpietila (OP)
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July 25, 2014, 11:34:15 AM |
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mmitech (as well as windjc) are banned from this thread, and the castle, for their stubborn unrespectful attitude.
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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dreamspark
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July 25, 2014, 11:34:19 AM |
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What if it breaks?   What are the generally accepted long term channels at the moment? It is generally accepted that you should never sell your bitcoins for anything less than a price, which is multiple times of the ATH of the prior boom. - If Bitcoin is in its growth channel, and you panic sell in the bottom, it will cost you most of your bitcoins when you panic buy at 5-20x higher after realizing you were wrong. (If you panic buy threshold is lower, you end up always buying high and selling low, and diluting your holdings.) - If it it destroyed, you have no way knowing it and being able to salvage the high point of your value. Salvaging a low point, is meaningless when the same outcome in fiat terms can be achieved by selling a few %-points more in the previous boom. says the guy who sold most of his Bitcoins to buy a "castle"..... Why the hell do you think he sold most of his Bitcoin to buy a castle? His holdings are in the top echelon. This guy has a weird obession with Risto, I wouldnt even engage him on the subject if I was you. His hatred for someone who has done him no wrong is almost pathological. |
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phatsphere
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July 25, 2014, 11:58:44 AM |
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the odd thing for me about ethereum is, that they on one hand have open sourced a lot of their code - even two implementations in parallel (c++ and go) - but on the other hand want to pay the developers for this through that IPO?
so, there is no incentive for 3rd party developers even looking at the code, because they aren't really motivated to do any work if they aren't getting paid. that's a bad dynamic in my eyes.
maybe, i'm also getting this wrong …
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minerpumpkin
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July 25, 2014, 01:09:30 PM |
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What if it breaks? What are the generally accepted long term channels at the moment? It is generally accepted that you should never sell your bitcoins for anything less than a price, which is multiple times of the ATH of the prior boom. - If Bitcoin is in its growth channel, and you panic sell in the bottom, it will cost you most of your bitcoins when you panic buy at 5-20x higher after realizing you were wrong. (If you panic buy threshold is lower, you end up always buying high and selling low, and diluting your holdings.) - If it it destroyed, you have no way knowing it and being able to salvage the high point of your value. Salvaging a low point, is meaningless when the same outcome in fiat terms can be achieved by selling a few %-points more in the previous boom. I gotta add that I'm long enough in the game and have my emotions now well under control when it comes to crashes. It's like being a Vulcan, I have those emotions, but I don't trade on them. I just wanted to ponder the implications of long/medium/2-3months up channels (we're now in since april) being broken. And your opinions about that. Not selling. I want a Risto-Castle of my own  |
I should have gotten into Bitcoin back in 1992...
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dnaleor
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Want privacy? Use Monero!
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July 25, 2014, 01:49:47 PM |
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What if it breaks? What are the generally accepted long term channels at the moment? It is generally accepted that you should never sell your bitcoins for anything less than a price, which is multiple times of the ATH of the prior boom. - If Bitcoin is in its growth channel, and you panic sell in the bottom, it will cost you most of your bitcoins when you panic buy at 5-20x higher after realizing you were wrong. (If you panic buy threshold is lower, you end up always buying high and selling low, and diluting your holdings.) - If it it destroyed, you have no way knowing it and being able to salvage the high point of your value. Salvaging a low point, is meaningless when the same outcome in fiat terms can be achieved by selling a few %-points more in the previous boom. I gotta add that I'm long enough in the game and have my emotions now well under control when it comes to crashes. It's like being a Vulcan, I have those emotions, but I don't trade on them. I just wanted to ponder the implications of long/medium/2-3months up channels (we're now in since april) being broken. And your opinions about that. Not selling. I want a Risto-Castle of my own are there other castles for sale in the region of The Risto Castle? We could create a Bitcoin Castle Hub in a few years  |
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rpietila (OP)
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July 25, 2014, 02:27:06 PM |
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are there other castles for sale in the region of The Risto Castle? We could create a Bitcoin Castle Hub in a few years is a project for the one not faint in heart. The grounds + building area is (slightly) larger than mine, but in a totally run-down condition. Laitse is an elegantly renovated country home of 1,500sqm, easy to maintain but a little higher to buy. |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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dreamspark
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July 25, 2014, 02:28:54 PM |
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are there other castles for sale in the region of The Risto Castle? We could create a Bitcoin Castle Hub in a few years is a project for the one not faint in heart. The grounds + building area is (slightly) larger than mine, but in a totally run-down condition. Laitse is an elegantly renovated country home of 1,500sqm, easy to maintain but a little higher to buy. Excellent value for money, could just about get a 1 bed flat for EUR 2,500,000 where I am  |
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Pruden
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July 25, 2014, 03:45:39 PM |
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Bitstamp/BTC-e gap closing, which is bullish. I wish I could explain it, though.
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minerpumpkin
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July 25, 2014, 04:32:35 PM |
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are there other castles for sale in the region of The Risto Castle? We could create a Bitcoin Castle Hub in a few years is a project for the one not faint in heart. The grounds + building area is (slightly) larger than mine, but in a totally run-down condition. Laitse is an elegantly renovated country home of 1,500sqm, easy to maintain but a little higher to buy. Ha, would you like some of us to buy a castle near yours? What about bears? |
I should have gotten into Bitcoin back in 1992...
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greenlion
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July 25, 2014, 05:29:44 PM
Last edit: July 25, 2014, 05:49:37 PM by greenlion |
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Just a quick thought about the Ethereum IPO: I have no desire to spend bitcoins on that, because I have no way of objectively analyzing whether 2000 ether per BTC is even a valuation that can be justified. Whereas with Bitcoin, because it actually exists and is acquired via legitimate price discovery, there are numerous potential ways to build assumptions and models to justify certain expectations of return.
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ArticMine
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Monero Core Team
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July 25, 2014, 06:23:29 PM |
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are there other castles for sale in the region of The Risto Castle? We could create a Bitcoin Castle Hub in a few years is a project for the one not faint in heart. The grounds + building area is (slightly) larger than mine, but in a totally run-down condition. Laitse is an elegantly renovated country home of 1,500sqm, easy to maintain but a little higher to buy. Excellent value for money, could just about get a 1 bed flat for EUR 2,500,000 where I am I would have to agree; however this is from the perspective of someone living British Columbia, Canada where our largest city Vancouver is in the midst of a major real estate bubble. |
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rpietila (OP)
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July 25, 2014, 07:39:30 PM |
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are there other castles for sale in the region of The Risto Castle? We could create a Bitcoin Castle Hub in a few years is a project for the one not faint in heart. The grounds + building area is (slightly) larger than mine, but in a totally run-down condition. Laitse is an elegantly renovated country home of 1,500sqm, easy to maintain but a little higher to buy. Excellent value for money, could just about get a 1 bed flat for EUR 2,500,000 where I am It boasts of having 12 bedrooms and 10 baths. My count is currently 11 bedrooms and 9 baths, with none of them in the main building! |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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Its About Sharing
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Antifragile
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July 25, 2014, 08:20:04 PM |
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mmitech (as well as windjc) are banned from this thread, and the castle, for their stubborn unrespectful attitude.
Sorry, but that enlarged section of your post just made me LOL. Regarding BTC and price, even though down, looks like we are hitting oversold territory on the daily. |
BTC = Black Swan.
BTC = Antifragile - "Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Robust is not the opposite of fragile.
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Its About Sharing
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Antifragile
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July 25, 2014, 09:33:05 PM |
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Good question.... Draper (winner of the Silk Road auction) said he was going to bring BTC liquidity to Countries like Argentina (and he might have mentioned them by name) in the form of exchanges I believe. Get a mivin Mr. Draper... Glad to see BTC adoption starting to really move, but we have to get it where it is really needed. |
BTC = Black Swan.
BTC = Antifragile - "Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Robust is not the opposite of fragile.
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beetcoin
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July 26, 2014, 12:28:46 AM |
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Good question.... Draper (winner of the Silk Road auction) said he was going to bring BTC liquidity to Countries like Argentina (and he might have mentioned them by name) in the form of exchanges I believe. Get a mivin Mr. Draper... Glad to see BTC adoption starting to really move, but we have to get it where it is really needed. wouldn't argentina be vehemently against this? wouldn't they want to force people to hold on to paper notes? draper would need cooperation with the argentine government. |
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greenlion
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July 26, 2014, 06:32:13 AM |
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Argentina has very weak culture of rule of law when it comes to capital controls, as evidenced by the disparity between the official government and black market rates for the USD-peso trading pair. I think in practice the capital flight use case would arise from the informal market via in-person trading a la localbitcoins / mycelium wallet / etc. The controlling factor in this scenario would be the presence of adequate funds flows, in the form of wealthy people looking to protect their savings as bitcoin buyers, and a more economically-subsistence level population that can get bitcoin and are willing to sell for pesos. The obvious synergy here is a remittance market where nationals acquire bitcoin overseas and transmit back to family in Argentina, but I'm not sure really the extent to which that conforms to the situation in Argentina specifically.
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minerpumpkin
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July 26, 2014, 10:42:01 AM |
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mmitech (as well as windjc) are banned from this thread, and the castle, for their stubborn unrespectful attitude.
Sorry, but that enlarged section of your post just made me LOL. Regarding BTC and price, even though down, looks like we are hitting oversold territory on the daily. Well he has so get his priorities straight. Would you want perma-bears running around your 12 bathrooms complaining all the time?  |
I should have gotten into Bitcoin back in 1992...
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upupup
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July 26, 2014, 02:12:53 PM |
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mmitech (as well as windjc) are banned from this thread, and the castle, for their stubborn unrespectful attitude.
Sorry, but that enlarged section of your post just made me LOL. Regarding BTC and price, even though down, looks like we are hitting oversold territory on the daily. Well he has so get his priorities straight. Would you want perma-bears running around your 12 bathrooms complaining all the time? I dont understand WHY should one want to visit his castle? 200eur for a room and what are the advantages? I could find tons of better places in estonia/finland for that money, is there anything special about this place except meeting Risto? Drugs for free? Bitcoin supernode course? the king is naked?! |
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prophetx
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he who has the gold makes the rules
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July 26, 2014, 02:24:01 PM |
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I hope it's okay to cross post this... I wanted to point out this website, it has a separate thread on this forum which is not as popular, and although the guy doesn't always get it right I find the analysis thoughtful and something to take into consideration. http://www.cryptowaves.com/https://bitcointalk.org/index.php?topic=555289.new#new |
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