gorillajam
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Activity: 98
Merit: 10
win
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June 10, 2014, 06:24:15 AM |
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The amount of sockpuppetry on this thread is incredible. Someone pumping and then someone else popping up and saying your awesome!
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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judgecrypto
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June 10, 2014, 06:25:04 AM |
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No problem, you seem like a really nice person so If I can give you few more advices. Set your target sell and way out. Meaning selling on 300% and and getting out at -60% (for instance). Also I really like Silkcoin so I would never sell majority of of my coins  Divide your investments. I know it might be hard when you are sure this is it, this is a gold rush but try to divide your investments into 50 equal stacks. If that is too little for you (meaning the investment value of one stack is really low) try 25 but dont go under it. Have discipline, do not rely on your emotions. The trading via discipline rather than emotion is a tough one...but definitely good advice. Targets is something I am working on but what do you mean by dividing investments? Different buy/sell prices like a staircase? By dividing I simpy mean to divide all money you are willing to invest in cryptocurrencies. So if you have for instance 10 000 USD for investing - go 1/50 investment to bitcoin (ok not a very good example, bitcoin is something like a safe harbour :-), 1/50 Silkcoin 1/50 ? Etc :-) = 200USD stacks. The reason for this it is not rare to have a streak of 5 bad outcomes ( note how I am not saying investments, because sometimes you do evaluate everything right and still loose - that is normal!) Or 7. There were even succesful stock traders in history who had 13th in a row and all of their trades were good decisions, just some bad factors came into equation that were impossible to predict - and they lost it all because they were splitting only to 15 or 20 stacks. Imagine loosing 10th ina row. Well you just lost 12% of your investment money(because we said our way out is at -60%). You had ten opportunities to make money, now you know you are not good in crypto investments and can walk off with a managable loss (easily). Of course if you made some money, reevaluate your portfolio and divide /50 again so you can play with bigger stacks . P.S. If the facts are awesome you can go 2x from time to time (like I am going with Silkcoin now), but set limit on that too, chances are you are not gonna see more than one awesome project a month (so that is my limit) Once a month I allow myself to go 2/50. You, my friend, are awesome. I appreciate it very much. Will start examining those numbers as they break down to my specifics in the morning. Have a good one! That really was an awesome explanation |
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BohemianStalker
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June 10, 2014, 06:49:06 AM |
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No problem, you seem like a really nice person so If I can give you few more advices. Set your target sell and way out. Meaning selling on 300% and and getting out at -60% (for instance). Also I really like Silkcoin so I would never sell majority of of my coins Divide your investments. I know it might be hard when you are sure this is it, this is a gold rush but try to divide your investments into 50 equal stacks. If that is too little for you (meaning the investment value of one stack is really low) try 25 but dont go under it. Have discipline, do not rely on your emotions. The trading via discipline rather than emotion is a tough one...but definitely good advice. Targets is something I am working on but what do you mean by dividing investments? Different buy/sell prices like a staircase? By dividing I simpy mean to divide all money you are willing to invest in cryptocurrencies. So if you have for instance 10 000 USD for investing - go 1/50 investment to bitcoin (ok not a very good example, bitcoin is something like a safe harbour :-), 1/50 Silkcoin 1/50 ? Etc :-) = 200USD stacks. The reason for this it is not rare to have a streak of 5 bad outcomes ( note how I am not saying investments, because sometimes you do evaluate everything right and still loose - that is normal!) Or 7. There were even succesful stock traders in history who had 13th in a row and all of their trades were good decisions, just some bad factors came into equation that were impossible to predict - and they lost it all because they were splitting only to 15 or 20 stacks. Imagine loosing 10th ina row. Well you just lost 12% of your investment money(because we said our way out is at -60%). You had ten opportunities to make money, now you know you are not good in crypto investments and can walk off with a managable loss (easily). Of course if you made some money, reevaluate your portfolio and divide /50 again so you can play with bigger stacks . P.S. If the facts are awesome you can go 2x from time to time (like I am going with Silkcoin now), but set limit on that too, chances are you are not gonna see more than one awesome project a month (so that is my limit) Once a month I allow myself to go 2/50. You, my friend, are awesome. I appreciate it very much. Will start examining those numbers as they break down to my specifics in the morning. Have a good one! That really was an awesome explanation Thank you. I love SC community and as Arnold says - rule number 6 - give something back |
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fusi0n
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June 10, 2014, 06:59:36 AM |
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SilkCoin under 2500 SAT you will not get, because is very popular coin and everybody discover it,now it s starting the second stage of POW, but don't forget the blocks are 2500 coins and the ASIC for Scrypt are now available and they rent also big Rigs for mining the coin and the difficulty will be 10 times bigger than the first stage of POW. The coin is reasing on MINTPAL top and this is another reason for it s growing and next Monday is possible to be on Mintpal. If Dev will introduce the 2FA in the wallet, the coin will blow off in a good way
2FA shouldn't be hard at all to implement. Just depends on what the priority is for the devs. There are code examples all over the internet and for the capable devs we have on Silkcoin... it should be a breeze. 2FA will certainly be a first in crypto and a very useful and practical features as there are now increasing amount of people who have coins stolen from their wallets. The devs said they will implement what the community wants and I hope they consider 2FA sooner rather than later. |
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ontopicplease
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June 10, 2014, 07:05:28 AM |
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Anyone else feel like the Silk Coin markets are a powder keg waiting to go off? This will certainly be interesting... Happy Hunting Judge Crypto Judge look at my post above, that's exactly what I am feeling Maybe we should give it nice momentum and and send some paid votes on 16.6.2014 to mintpal? With the volume coming up I would expect Mintpal to add it during the 2nd PoW despite the vote count Agree, expect mintpal to add SC within 2 days. |
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suchnekky
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June 10, 2014, 07:05:53 AM |
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If you think logically.. if everyones dumping now.. to buy in later.. then it will be at its lowest now, and highest when you plan to buy in... as everyonea trying to do the same thing. Dont miss the boat boys
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• ⓢⓤⓒⓗⓝⓔⓚⓚⓨ •
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AnaSardinha
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June 10, 2014, 07:09:26 AM |
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Razorcoin : RHWYvxwYtymjxWnZLcHumxma84RDUGEUqq
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ontopicplease
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June 10, 2014, 07:12:41 AM |
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If you think logically.. if everyones dumping now.. to buy in later.. then it will be at its lowest now, and highest when you plan to buy in... as everyonea trying to do the same thing. Dont miss the boat boys
I am buying since 5 weeks and stopped 2 hours ago. I am gambling on a big price jump the coming week. I mean market cap is 500k to 600k, it can easily go ten times higher. How long left for POW starting? |
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Acidyo
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June 10, 2014, 07:16:01 AM |
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If you think logically.. if everyones dumping now.. to buy in later.. then it will be at its lowest now, and highest when you plan to buy in... as everyonea trying to do the same thing. Dont miss the boat boys
I am buying since 5 weeks and stopped 2 hours ago. I am gambling on a big price jump the coming week. I mean market cap is 500k to 600k, it can easily go ten times higher. How long left for POW starting? It was around 12 hours, 8 hours ago. So soon probably.  |
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judgecrypto
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June 10, 2014, 07:16:38 AM |
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If you think logically.. if everyones dumping now.. to buy in later.. then it will be at its lowest now, and highest when you plan to buy in... as everyonea trying to do the same thing. Dont miss the boat boys
I am buying since 5 weeks and stopped 2 hours ago. I am gambling on a big price jump the coming week. I mean market cap is 500k to 600k, it can easily go ten times higher. How long left for POW starting? It was around 12 hours, 8 hours ago. So soon probably. 2 hours |
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ontopicplease
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June 10, 2014, 07:18:39 AM |
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If you think logically.. if everyones dumping now.. to buy in later.. then it will be at its lowest now, and highest when you plan to buy in... as everyonea trying to do the same thing. Dont miss the boat boys
I am buying since 5 weeks and stopped 2 hours ago. I am gambling on a big price jump the coming week. I mean market cap is 500k to 600k, it can easily go ten times higher. How long left for POW starting? It was around 12 hours, 8 hours ago. So soon probably. 2 hours Thanks for the info. |
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judgecrypto
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June 10, 2014, 07:22:50 AM |
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If you think logically.. if everyones dumping now.. to buy in later.. then it will be at its lowest now, and highest when you plan to buy in... as everyonea trying to do the same thing. Dont miss the boat boys
I am buying since 5 weeks and stopped 2 hours ago. I am gambling on a big price jump the coming week. I mean market cap is 500k to 600k, it can easily go ten times higher. How long left for POW starting? It was around 12 hours, 8 hours ago. So soon probably. 2 hours Thanks for the info. No problem... easy way to tell is to look at the block... either go to the statistics tab in wallet or click on the checkbox to see the current block... they are 1 minute blocks so if we are at block 49880 then there are 120 block or 120 minutes to 50,000 and the fun can begin... We are playing some poker here with the buy /sells |
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tylerderden
Copper Member
Legendary
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Activity: 1162
Merit: 1025
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June 10, 2014, 07:26:18 AM |
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116 blocks to go!
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lartiste
Full Member
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Activity: 283
Merit: 118
ETH 0xA9E06eaDc901737326237490C94B253e9876D743
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June 10, 2014, 07:38:57 AM |
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Please do you know if xhash.net will be ready for last Phase POW ? Thanks  |
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shimlbit
Legendary
Offline
Activity: 1302
Merit: 1001
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June 10, 2014, 07:48:10 AM |
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96 block till pow |
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Mr.Joker
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June 10, 2014, 07:51:10 AM |
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Haha I think this PoW phase will be dissapointing for the people who think to buy in at 1500-2000 SATS.
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MindGrenade
Member
Offline
Activity: 87
Merit: 10
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June 10, 2014, 07:52:12 AM |
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PoW should drop the price due to miner dumps, no?
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fusi0n
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June 10, 2014, 07:52:26 AM |
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This timer is just an approx estimate. For accuracy please get the current block from the wallet and see how many blocks till 50,000. That is how many minutes left till PoW. Current block is 49908 so therefore 92 blocks or 92 minutes to go! |
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SpringfieldM1A
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June 10, 2014, 07:53:44 AM |
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Haha I think this PoW phase will be dissapointing for the people who think to buy in at 1500-2000 SATS.
Lol I fear you are right, I am holding 2 BTC to drop on this bad boy should the price dip, but I think even with the POW the price will remain stable or even shoot up. I am in doubt whether I should just buy the friggin order book right now |
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