rpietila Wall Observer - the Quality TA Thread ;)

[molecular]

I also believe that Bitcoin will rise in this year. Smashing the longstanding ATH happens probably before summer.

Reptillia calling bottom.  Memories

It's not technically "calling a bottom", though. "bitcoin will rise" could include a drop to $1 beforehand.

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[rpietila]

And to celebrate the 700,000 views, I will drop another bombshell:


During my relatively absent months in the forum (the time that I have mainly developed Crypto Kingdom), I have been thinking. The thinking is that Bitcoin as a vehicle of freedom is likely lost. The transparency and decentralization either were planned to self-destruct it, or it was too easy to be subverted to be part of the control-based world money system. People wiser than me saw this a long time ago, and also said that once the "occupation" of Bitcoin is complete, then its value will be let rise meteorically, because people cannot take the gains out anyway, and the value rise will trap the last mohicans with 100, 1000 or 10,000 BTC holdings who are charged with whatever financial crimes if they try to diversify (unless they are the insiders who get away with anything). So if you are living off-grid, you may now be able to take $100k out of Bitcoin, but when Bitcoin is 100x more valuable, you can still get $100k, maximum.


Monero version 0.9 "Hydrogen Helix" is released. There has not been new releases of Monero core for a very long time. It might be good to check out if you don't own any. The price has been modest (slightly up in fiat y/y, slightly down in BTC)

The easiest way to hedge your fortunes is to acquire the same number of XMR as you own BTC, since then it does not matter to you how their mutual exchange rate goes and which technology gains more. Only 0.1% of your BTC need to be diverted to buying XMR to achieve this.

[Bagatell]

The easiest way to hedge your fortunes is to acquire the same number of XMR as you own BTC, since then it does not matter to you how their mutual exchange rate goes and which technology gains more. Only 0.1% of your BTC need to be diverted to buying XMR to achieve this.

So if you have 21BTC you should have 21 monroj or 2100?

[BldSwtTrs]

And to celebrate the 700,000 views, I will drop another bombshell:


During my relatively absent months in the forum (the time that I have mainly developed Crypto Kingdom), I have been thinking. The thinking is that Bitcoin as a vehicle of freedom is likely lost. The transparency and decentralization either were planned to self-destruct it, or it was too easy to be subverted to be part of the control-based world money system. People wiser than me saw this a long time ago, and also said that once the "occupation" of Bitcoin is complete, then its value will be let rise meteorically, because people cannot take the gains out anyway, and the value rise will trap the last mohicans with 100, 1000 or 10,000 BTC holdings who are charged with whatever financial crimes if they try to diversify (unless they are the insiders who get away with anything). So if you are living off-grid, you may now be able to take $100k out of Bitcoin, but when Bitcoin is 100x more valuable, you can still get $100k, maximum.

In the future, you will be able to diversify while staying on the Blockchain.

[Fatman3001]

Freedom of expression is tricky stuff.

I really didn't expect you to enforce conformity like this after all you've said.

After all what I said, such as the OP of the thread, 2 years and 6,800 posts ago:

Welcome to the new business lounge. Wine and cigars are on the house.

The intention of this thread is to post analysis on short to medium term fiat/BTC price developments, scenarios, portfolio allocation, etc. what fits the topic. No double bottoms, ad hominem, trolling or low level comments. As usual, your post will be deleted if not conforming to guidelines above.

(boldings added)


So let it be repeated that the purpose of this self-moderated thread is NOT to give "freedom of expression" to anyone. This is my "business lounge", fit for passing discussions about interesting topics, and then we move on to the next. I moderate the discussion for the benefit of the participants and the lurkers. When you read or post in this thread you accept the rules, and this thread has spawned a multitude of critique threads during its years of existence, where the ousted trolls can post the Mr.Burns pics (I personally find that one really funny though).

"As usual", your post will be deleted for non-conformity. Fatman3001, don't get offended that I am rubbing this to your face, the point is just to return to the common ground since you obviously did not even know that this is one of the most censored threads in the whole forum!  

(If you want "freedom of expression", do as I did - start your own thread! The global admins are just happy that you take the burden of moderation from them.)

I understand. Rules are important.

[rpietila]

The easiest way to hedge your fortunes is to acquire the same number of XMR as you own BTC, since then it does not matter to you how their mutual exchange rate goes and which technology gains more. Only 0.1% of your BTC need to be diverted to buying XMR to achieve this.

So if you have 21BTC you should have 21 monroj or 2100?

21 XMR. It is actually more % of the total than 21 BTC is (both as per current emission and the long term until ~2050 when XMR overtakes BTC).

So it's not about the monetary sacrifice, it's sacrificing the principle that BTC is infallible and all alts are shit by definition.  

[birr]

Bitcoin as a vehicle of freedom is likely lost. The transparency and decentralization either were planned to self-destruct it, or it was too easy to be subverted to be part of the control-based world money system. People wiser than me saw this a long time ago, and also said that once the "occupation" of Bitcoin is complete, then its value will be let rise meteorically, because people cannot take the gains out anyway, and the value rise will trap the last mohicans with 100, 1000 or 10,000 BTC holdings who are charged with whatever financial crimes if they try to diversify (unless they are the insiders who get away with anything). So if you are living off-grid, you may now be able to take $100k out of Bitcoin, but when Bitcoin is 100x more valuable, you can still get $100k, maximum.

^Salutary, if astringent.

[conspirosphere.tk]

Bitcoin as a vehicle of freedom is likely lost.

I agree that the fungibility-thing is one of the greatest threats to BTC (still potentially only afaik). But since they already inverted the burden of proof in tax matters in many countries from a long time, and given other regulations like civil asset seizures based on nothing (and already exceeding burglaries in value in the US: http://www.zerohedge.com/news/2015-11-17/police-civil-asset-forfeitures-exceed-value-all-burglaries-2014 ), they could as well start incriminating people for the mere use or possession of an anonymous/untrackable cryptocoin.

The only ways out for what I can see is either move/do business where this organized insanity is lacking, or go "system D" in the underground economy with all the risks involved. In any case there would be not much difference between BTC and say XMR in terms of user safety against TPTB.

[macsga]

Food for thought: Acquiring XMR at the moment (unless you have a complex netbot at your disposal) is quite hard to get on hold to WITHOUT being identified. This is because at almost every case an exchange is the intermediate. So, in essence, you lack of true anonymity. Granted, if you make a transaction you achieve "true" anonymity, but you cannot undo your involvement that certifies that you were -at least- once involved with hidden wealth.

I've posted my musings on this quite a lot of times. I've also proposed a nice way to integrate anonymity within your client. Take a look here:

https://bitcointalk.org/index.php?topic=583449.msg9387810#msg9387810

If you have the time, it's a nice read (be sure to read some posts back as well).

[rpietila]

Food for thought: Acquiring XMR at the moment (unless you have a complex netbot at your disposal) is quite hard to get on hold to WITHOUT being identified. This is because at almost every case an exchange is the intermediate. So, in essence, you lack of true anonymity. Granted, if you make a transaction you achieve "true" anonymity, but you cannot undo your involvement that certifies that you were -at least- once involved with hidden wealth.

It is important to know where the battle line is. Compliance with tyranny is futile.

[rjclarke2000]

I like to diversify but why Monero? Why not another coin?

What reason do you think Monero will reach say $100-$1000 per coin? Is Monero being used for anything at all or is anything being lined up for Monero in the future?


I am not trying to be difficult or troll like here. These are genuine questions.

[alpher]

What does the "vehicle of freedom" means?

[vokain]

What does the "vehicle of freedom" means?

Something that hopefully teaches what it means to be free. Mo' money, mo' problems? You tell me.

[coltlover]

What does the "vehicle of freedom" means?

A hardtail Hardly Ableson with comically long forks?
"We wanna be free! We wanna be free to do what we wanna do. We wanna be free to ride. We wanna be free to ride our machines without being hassled by The Man! ... And we wanna get loaded!"

[TrueCryptonaire]

What does the "vehicle of freedom" means?

Coin that has a pump going on. 

[CoinCidental]

Two years ago I found that flat earthers theorist. The first 3 months I was in total denial, like someone "sane" would be. After that, in an exercise of extreme open mindness I started seriously doubth about it. Now, Im pretty sure earth is a sphere BUT in the meantime I have concluded that all NASA, the mars missions, the apollo ones, the rossetta landing, the international space station, all them are scams.

All-of-them. You just have to examine the facts.

What about bigfoot? 

[uvwvj]

The easiest way to hedge your fortunes is to acquire the same number of XMR as you own BTC, since then it does not matter to you how their mutual exchange rate goes and which technology gains more. Only 0.1% of your BTC need to be diverted to buying XMR to achieve this.

So if you have 21BTC you should have 21 monroj or 2100?

21 XMR. It is actually more % of the total than 21 BTC is (both as per current emission and the long term until ~2050 when XMR overtakes BTC).

So it's not about the monetary sacrifice, it's sacrificing the principle that BTC is infallible and all alts are shit by definition.  

I disagree with this if HODLing XMR as a percentage of Bitcoin - I would use either 4 or 5 X BTC Therefore if you have 21 BTC have between 84-105 XMR.

[rjclarke2000]

I think few thousand is better. Then sit tight for a few years and pray.

[CoinCidental]

I think few thousand is better. Then sit tight for a few years and pray.

If everyone does that it would be at zero.... Trading, buying, selling, spending is necessary for success, if everyone just bought a few thousand back and did nothing except sit on them they would at some point become worthless....

[rjclarke2000]

I think few thousand is better. Then sit tight for a few years and pray.

If everyone does that it would be at zero.... Trading, buying, selling, spending is necessary for success, if everyone just bought a few thousand back and did nothing except sit on them they would at some point become worthless....

Where can I spend Monero here in the Uk then?