(02-28-2016 02:09 AM)Satoshi Wrote:  I'm not at all invested in bitcoin this days. I thought I explained that already, in this thread, a few pages back.

I'm all in maidsafe, which I also explained earlier in this thread and right now it seems like I've made quite a good decision.

Yes, and probably if you are invested in Maidsafe, and you do not have any interest in bitcoin, then in that respect, there is no real reason to participate in this thread.. unless, you are just coming back to lord over your investment in Maidsafe... blah blah blah..

Better just to make another thread, no, rather than coming to the bitcoin thread?

Surely, there can be some arguments of relationship, but if you are not making much if any connection to bitcoin then how does it relate to bitcoin that you are invested in maidsafe?

So what?

Are you trying to make some kind of argument against bitcoin? or are you trying to suggest that guys should diversify somewhat out of bitcoin?

Even though there are some current ongoing bitcoin squabbles, bitcoin seems to be doing very good .. I mean it is up about 70% (at $425) since you got out at $250-ish.. and there has been a lot of really good solid up and down movement in the past year or so... Surely getting into bitcoin in early 2015 could have been decent.. but still gotta play it to some extent because it remains a small market cap that is very capable of being manipulated.. .. but still lot's of apparent upside.. in the coming years, it seems.

And, if you think that bitcoin has some of its manipulative aspects because of its small market cap... we are likely going to see some interesting rides with ethereum ahead... and maybe maidsafe and some of the other alts...

(02-25-2016 04:35 AM)JayJuanGee Wrote:  Personally, I remain somewhat befuddled by bitcoin's ongoing short-term price actions with the various ongoing price manipulations that seem to be occurring and even the seemingly relatively speaking low trade volume.

It would be nice to get some high volume upward price action to bring us past $467, but I am having my doubts about how long it is going to take for such an event to occur because when we have fairly low trade volume with upward and downward girations, we have the sense that there is not a whole hell-a-va lot of passion out there regarding bitcoin pumping (to get the price to move upwards), and when low trade volume is sustained, then the price is being controlled by a fairly small amount of capital, which means that BTC prices can be driven down with a few thousand coins dumped over a few hours.

Surely, the whales need more than a few thousand coins and capital to control bitcoin prices overall, but relatively speaking, it is not a lot of capital with such a small market cap and when the trade volume remains so low on an ongoing basis (especially in recent weeks).

Aha, we have a revelation. The serious whales aren't playing their coin on exchanges. Nevertheless there are a couple clear opportunities this year.

Around April and again in July/August there's likely to be more hard fork talk which might create relative buying opportunities if they get media spree coverage. As we've seen in the days after a hardfork pact there tends to be a dip which begins expiring when the hardfork is rejected.

Also happening this summer is the halving when block 420,000 hits. The price impact of this might not be immediate. Last time there was a lag of a couple months for the impact to really set in. No matter how much derping happens with claims about it already being "priced in" The stretch from August through November should be interesting as the "priced in" business falls apart.

This is a great opportunity to take some attention off of the short term and buy/hodl for action the fourth quarter of this year. It would be a great time to pull some coins off of exchanges and work on upping your storage game. If you're using lite wallets play with setting up a couple trusted nodes or an electrum server for the privacy benefits.

Serious upward price movement increases the risk of another big exchange collapse or collapses. It also really gets the various coinstealers motivated.

Continuing to hunt opportunities to make money trading is good, but there's probably better medium to long term gains to be had in upping your infrastructure and security preparing for a bloody second half of the year.

(02-28-2016 03:55 PM)BBinger Wrote:  

(02-25-2016 04:35 AM)JayJuanGee Wrote:  Personally, I remain somewhat befuddled by bitcoin's ongoing short-term price actions with the various ongoing price manipulations that seem to be occurring and even the seemingly relatively speaking low trade volume.

It would be nice to get some high volume upward price action to bring us past $467, but I am having my doubts about how long it is going to take for such an event to occur because when we have fairly low trade volume with upward and downward girations, we have the sense that there is not a whole hell-a-va lot of passion out there regarding bitcoin pumping (to get the price to move upwards), and when low trade volume is sustained, then the price is being controlled by a fairly small amount of capital, which means that BTC prices can be driven down with a few thousand coins dumped over a few hours.

Surely, the whales need more than a few thousand coins and capital to control bitcoin prices overall, but relatively speaking, it is not a lot of capital with such a small market cap and when the trade volume remains so low on an ongoing basis (especially in recent weeks).

Aha, we have a revelation. The serious whales aren't playing their coin on exchanges. Nevertheless there are a couple clear opportunities this year.

In my above discussion, I am talking about how prices are manipulated to cause uncertainties by whales on exchanges.


I have little to no doubt that what you are saying regarding a large volume of bitcoin transactions taking place off of exchanges; however, prices that are used in such off exchange transactions are largely and somehow pegged to exchange prices. It is not avoidable... therefore, a lot of value can be gained by manipulating prices on exchanges in order to set the prices.

(02-28-2016 03:55 PM)BBinger Wrote:  Around April and again in July/August there's likely to be more hard fork talk which might create relative buying opportunities if they get media spree coverage. As we've seen in the days after a hardfork pact there tends to be a dip which begins expiring when the hardfork is rejected.

I don't really disagree with you that there are going to be various ongoing attempts to continue to play hard fork disinformation bullshit, and even though regular people are not really very sophisticated in the nuance in a lot of these fear spreading discussions, nonetheless, I get the sense that over time, some of this hardfork bullshit is going to have less and less traction.. and a sufficient number of people are going to realize that bitcoin is a very solid platform, in spite of the various internal squabblings... and furthermore, in spite of various internal squabblings, the fundamentals of bitcoin cannot be easily changed by a bunch of bullshit controversy and fear spreading.... so in the end, if they cannot agree on various changes or needed changes.. blah blah blah, then what is going to happen is the status quo is going to be maintained....

A hardfork is stupid and is not likely to work because it is merely a made up crisis and people are going to likely become smart enough to see through such baloney...

that's my sense, but never say never in bitcoinlandia...

(02-28-2016 03:55 PM)BBinger Wrote:  Also happening this summer is the halving when block 420,000 hits. The price impact of this might not be immediate. Last time there was a lag of a couple months for the impact to really set in. No matter how much derping happens with claims about it already being "priced in" The stretch from August through November should be interesting as the "priced in" business falls apart.

I agree with you about the general concept of "priced in" is not as much of a phenomenon as it is touted to be.... but, yeah certainly halving is going to cause considerable new supply constraints, and likely have an upward pressure effect on BTC prices in the coming 6-12 months and possibly even a bit longer.

(02-28-2016 03:55 PM)BBinger Wrote:  This is a great opportunity to take some attention off of the short term and buy/hodl for action the fourth quarter of this year. It would be a great time to pull some coins off of exchanges and work on upping your storage game. If you're using lite wallets play with setting up a couple trusted nodes or an electrum server for the privacy benefits.

Serious upward price movement increases the risk of another big exchange collapse or collapses. It also really gets the various coinstealers motivated.

Continuing to hunt opportunities to make money trading is good, but there's probably better medium to long term gains to be had in upping your infrastructure and security preparing for a bloody second half of the year.

You seem to be quite more fearful than me in regards to self protection and implosion of systems.

We are getting a lot of fiat systems implosions with negative interest rates and other baloney financial crises in various locations, europe, china and even the USA.... just varying degrees of financial uncertainties - that is also bouncing around in crypto currency space, and really in the end, it seems that bitcoin is going to be in a decent place to weather some of this turbulence better than many of the more centralized manipulated finanancial / value storage systems.

Bbinger (and anyone else who is interested).

Actually, the below linked article has some technical and public sentiment analysis of bitcoin that captures several of our earlier made points. I found it to be an interesting short read of the current status.



https://www.cryptocoinsnews.com/bitcoin-...damentals/

I don't wanna read the last couple of pages, so I'm just gonna ask, anyone invested in Ethereum? I've tripled my investment so far, and I strongly believe it will go the way bitcoin went.

(02-29-2016 12:17 AM)Tresdus Wrote:  I don't wanna read the last couple of pages, so I'm just gonna ask, anyone invested in Ethereum? I've tripled my investment so far, and I strongly believe it will go the way bitcoin went.

As you probably already realize from the title, this thread is not about Ethereum... .. unless you are somehow making some discussion of bitcoin...


Merely asserting that Ethereum is going to be the same as bitcoin or going down the same path as bitcoin seems to be more of a marketing sound bite rather than any kind of meaningful attempt to discuss bitccoin.

I think that in the past some guys had attempted some other alt coin discussion threads, but they did not go much if anywhere... just like most alt coins have not gone much if not anywhere....

anyhow, you could probably start some kind of thread or drop some kind of knowledge into an alt coin thread.. and even drop a link here to invite us to your thread.

(02-29-2016 12:27 AM)JayJuanGee Wrote:  

(02-29-2016 12:17 AM)Tresdus Wrote:  I don't wanna read the last couple of pages, so I'm just gonna ask, anyone invested in Ethereum? I've tripled my investment so far, and I strongly believe it will go the way bitcoin went.

As you probably already realize from the title, this thread is not about Ethereum... .. unless you are somehow making some discussion of bitcoin...


Merely asserting that Ethereum is going to be the same as bitcoin or going down the same path as bitcoin seems to be more of a marketing sound bite rather than any kind of meaningful attempt to discuss bitccoin.

I think that in the past some guys had attempted some other alt coin discussion threads, but they did not go much if anywhere... just like most alt coins have not gone much if not anywhere....

anyhow, you could probably start some kind of thread or drop some kind of knowledge into an alt coin thread.. and even drop a link here to invite us to your thread.

You are seriously calling Ethereum another altcoin? When was the last time you saw an altcoin with a 10% market cap of Bitcoin? In fact it has a higher market cap than all other alts combined.

http://coinmarketcap.com/

You have major people investing in Ethereum, Samsung, Microsoft, a German energy company. And if you knew all the devs involved you wouldn't be calling it just another alt.

I really don't wanna start another thread, someone already did one for MSC.

(02-29-2016 12:38 AM)Tresdus Wrote:  

(02-29-2016 12:27 AM)JayJuanGee Wrote:  

(02-29-2016 12:17 AM)Tresdus Wrote:  I don't wanna read the last couple of pages, so I'm just gonna ask, anyone invested in Ethereum? I've tripled my investment so far, and I strongly believe it will go the way bitcoin went.

As you probably already realize from the title, this thread is not about Ethereum... .. unless you are somehow making some discussion of bitcoin...


Merely asserting that Ethereum is going to be the same as bitcoin or going down the same path as bitcoin seems to be more of a marketing sound bite rather than any kind of meaningful attempt to discuss bitccoin.

I think that in the past some guys had attempted some other alt coin discussion threads, but they did not go much if anywhere... just like most alt coins have not gone much if not anywhere....

anyhow, you could probably start some kind of thread or drop some kind of knowledge into an alt coin thread.. and even drop a link here to invite us to your thread.

You are seriously calling Ethereum another altcoin? When was the last time you saw an altcoin with a 10% market cap of Bitcoin? In fact it has a higher market cap than all other alts combined.

http://coinmarketcap.com/

You have major people investing in Ethereum, Samsung, Microsoft, a German energy company. And if you knew all the devs involved you wouldn't be calling it just another alt.

I really don't wanna start another thread, someone already did one for MSC.

We know about a lot of alt coins in this thread, and there have been a variety of attempts to incorporate their discussion into this thread in the past two years. Those alt coin discussions have largely been rejected, except for here and there a little bit gets in... and more so when there is some kind of attempt to connect such discussion with bitcoin.

So what are you proposing?

You want to come into this thread and tell us all about how wonderful Ethereum is because it has been pumped for the past month or so?

So fucking what?

If there is some discussion about bitcoin in your discussion of ethereum, then at least somehow it arguably relates, otherwise, you appear to be attempting to impose your non-thematic discussion onto this thread.

Possibly, you do not want to start another thread because ultimately there is little to no interest in Ethereum for a variety of reasons... even though you assert that it is so wonderful and that it is so much better than the other alts.. blah blah blah..

Well if Ethereum is so wonderful, then you should be able to generate some excitement through another thread, so long as you are able to outline the topic in an interesting way and fawn on the allegedly wonderful people who are involved in such amazing (non bitcoin) project.

In the end, there may be a lot of wonderful things about Ethereum and there is likely some overlap with some of the people involved in Ethereum and Bitcoin, but you in no way seem to be even attempting any kind of way to relate any such proposed discussion of Ethereum to bitcoin (which is our topic here), so why don't you either go away (that's a nice way of saying it, at this time), or come back when you want to discuss bitcoin.

There are lots of interesting things going on in Bitcoin currently, and since this thread started in early 2013... and as far as I understand, this thread is meant for bitcoin related discussions.

(02-28-2016 04:17 PM)JayJuanGee Wrote:  You seem to be quite more fearful than me in regards to self protection and implosion of systems.

We are getting a lot of fiat systems implosions with negative interest rates and other baloney financial crises in various locations, europe, china and even the USA.... just varying degrees of financial uncertainties - that is also bouncing around in crypto currency space, and really in the end, it seems that bitcoin is going to be in a decent place to weather some of this turbulence better than many of the more centralized manipulated finanancial / value storage systems.

Yeah the fiat world is taking a beating, but that is reason to be concerned about exchanges that interface between fiat and Bitcoin. Bitcoin seems like a great place to weather this, but custodial exchanges have to weather things too. The regulatory compliance circle jerk they partake in introduces risks you don't want affecting all your coins. You have to remember fall 2013's upward price movement was a factor in when Mt Gox failed.

I'm just suggesting you work on getting good at using bitcoins in ways that depend less on third parties. I mean what's the point of playing Bitcoin unless you're going to dig into the monetary sovereignty part.

(02-29-2016 12:38 AM)Tresdus Wrote:  You are seriously calling Ethereum another altcoin? When was the last time you saw an altcoin with a 10% market cap of Bitcoin? In fact it has a higher market cap than all other alts combined.

Litecoin did. Ethereum like litecoin is also a altcoin of little long term importance. These things happen from time to time during big pumps. It's its own thing, not Bitcoin.

(02-29-2016 02:53 AM)BBinger Wrote:  

(02-28-2016 04:17 PM)JayJuanGee Wrote:  You seem to be quite more fearful than me in regards to self protection and implosion of systems.

We are getting a lot of fiat systems implosions with negative interest rates and other baloney financial crises in various locations, europe, china and even the USA.... just varying degrees of financial uncertainties - that is also bouncing around in crypto currency space, and really in the end, it seems that bitcoin is going to be in a decent place to weather some of this turbulence better than many of the more centralized manipulated finanancial / value storage systems.

Yeah the fiat world is taking a beating, but that is reason to be concerned about exchanges that interface between fiat and Bitcoin. Bitcoin seems like a great place to weather this, but custodial exchanges have to weather things too. The regulatory compliance circle jerk they partake in introduces risks you don't want affecting all your coins. You have to remember fall 2013's upward price movement was a factor in when Mt Gox failed.

I'm just suggesting you work on getting good at using bitcoins in ways that depend less on third parties. I mean what's the point of playing Bitcoin unless you're going to dig into the monetary sovereignty part.

I cannot really disagree with your substantive points here and your way of presenting the issue.

I am just of the belief that the various bitcoin systems for being your own bank put way too much responsibility on me, yet I have been considering something like a trezor or some other private wallet, like mycellium...

These are, of course, more secure than coinbase or circle or stamp or any of another of third party wallet solutions, but also do leave quite a bit of responsibility over the user to secure the coins....

I believe that the wallets on blockchain info are more minimum regarding 3rd party risk, especially compared with either exchanges or other third parties holding the coins.

There also remains some third party risk with some of those private wallets to trust the wallet creator (not to have a back door), and technical aspects of upgradeability of the wallet if their are changes in the fork or whatever and 5 or 20 years down the road, you want to recover your coins.

It seems that various decentralized and user-friendly solutions remain under development, and an ability to move bitcoins quickly could be helpful to be able to move between exchanges if one believes that coinbase may be on the wrong fork or some other shenanigans of colluding with governments may be taking place too much with one or more 3rd party.. and fear of assets being frozen.

(02-29-2016 02:58 AM)BBinger Wrote:  

(02-29-2016 12:38 AM)Tresdus Wrote:  You are seriously calling Ethereum another altcoin? When was the last time you saw an altcoin with a 10% market cap of Bitcoin? In fact it has a higher market cap than all other alts combined.

Litecoin did. Ethereum like litecoin is also a altcoin of little long term importance. These things happen from time to time during big pumps. It's its own thing, not Bitcoin.

Maybe it is more irritating regarding Tresdus's manner of presentation, rather than the fact that he wants to talk about Ethereum?

1st he comes into the thread and says that he is too lazy to read a few pages back, and therefore what about Ethereum... blah blah blah.. ethereum is so fucking great... blah blah blah.

O.k.. maybe ethereum is great, and there are a whole hell-a-va lot ways to make connections between ethereum and bitcoin and other alt coins, even though every pumper wants to distinguish his alt in order to suggest that the greatness of the coin itself is something that should cause us to want to talk about it, even though it is not within the theme of this thread. Maybe it is great, and maybe not, who fucking cares? and if you want us to care, then give us a reason to care within the theme of this particular thread, no?

Then there is a presumption that either we have never heard of Ethereum or that we need to be educated about how ethereum is so great and so distinguishable from other alts. Personally, I think we know enough about it and surely, the topic of ethereum and various other alts is going to continue to come up... I personally have no problem bailing out on Bitcoin if it appears some other alt is a better long term proposition, which is far from being the case any time in the near future, and ethereum, in spite of the recent pump, is very likely not going to be that asset, within the near future.

You mentioned light coin as having 10% of bitcoin, and I believe that litecoin did not ever quite reach 10%, even at it's peak in late 2013 or its upshoot in July 2015. By the way, Ethereum is currently at under 8%, and it never quite reached 10% of bitcoin's market cap, either.

In any even, to date, probably Ripple had done the best in terms of pump and dump market cap.. when it had near 25% of BTC's market cap in early 2015... but still ripple was no way a real competitor to BTC with its various bullshit centralization and premining, etc.

There are certain things that bitcoin will learn from some of these various alts, and likely incorporate, yet the various alts have a lot of mixed reviews in terms of their centralization aspects, their lack of security potentially and their various ongoing crowd sourcing efforts. Surely, if the altcoin can be pumped for a while, then that can cause the coin to live on for quite a while without further necessity of crowd sourcing.

I've been surprised to see Ethereum above $3 for so long and recently floating in the $6.50s.. but I would not be surprised if it doubled or tripled in value, yet that would likely not cause it to become a meaningful challenger to bitcoin, even though it could become a decent alternative place to store value or to provide utility in the even that bitcoin really did become totally compromised due to some bug or forking or double spending breach to its security.

(02-29-2016 07:03 AM)JayJuanGee Wrote:  Maybe it is more irritating regarding Tresdus's manner of presentation, rather than the fact that he wants to talk about Ethereum?

1st he comes into the thread and says that he is too lazy to read a few pages back, and therefore what about Ethereum... blah blah blah.. ethereum is so fucking great... blah blah blah.

I came here with a simple fucking question asking if eth has already been discussed and you immediately attacked me. Why should I open a thread to explain eth if you aren't even interested in a discussion rather you just want to attack people that ask questions.

How many altcoin threads do you want this forum to have?

One for XMR? Which has gained as much as MAID.
One for Dash?

Oh and just for my personal opinion, you have no clue about Ethereum calling it a pump and dump. Why would Samsung or Microsoft be invested in a pump and dump? Ethereum is way undervalued. I really don't care what you think about it, like I said my first post was simply asking a question.

(02-29-2016 12:21 PM)Tresdus Wrote:  

(02-29-2016 07:03 AM)JayJuanGee Wrote:  Maybe it is more irritating regarding Tresdus's manner of presentation, rather than the fact that he wants to talk about Ethereum?

1st he comes into the thread and says that he is too lazy to read a few pages back, and therefore what about Ethereum... blah blah blah.. ethereum is so fucking great... blah blah blah.

I came here with a simple fucking question asking if eth has already been discussed and you immediately attacked me. Why should I open a thread to explain eth if you aren't even interested in a discussion rather you just want to attack people that ask questions.

How many altcoin threads do you want this forum to have?

One for XMR? Which has gained as much as MAID.
One for Dash?

Oh and just for my personal opinion, you have no clue about Ethereum calling it a pump and dump. Why would Samsung or Microsoft be invested in a pump and dump? Ethereum is way undervalued. I really don't care what you think about it, like I said my first post was simply asking a question.

Now you are acting as if you did not deserve to be attacked?


I don't know how many alt coin threads that there are on the forum, but I am fairly certain that if people are interested in various alt coins, then they could participate in such a thread or a thread could be created for such with postings from time to time regarding people who are interested in such topic.

For more than a year, I have been posting regularly in this thread with scattered and sporadic participation from other forum members, yet from time to time others chime in and raise very decent and good points about the bitcoin space that may not have been brought up, if this thread were not here (and kept somewhat active). Actually, also, there are some threads on RVF that go very long periods of time between bumps.

Surely, in terms of this thread there are mentions of various alts from time to time, and some of those mentions are more topical than others.... and generally, I get some pleasure in attacking other members who bring up such non-topics (so it's not just you.. hahahahahahha )... If you had looked back through the thread a little bit, then you may have noticed some of those discussions... and even El Mech has had the tendency to talk about a variety of pump and dumps in this thread (that were supposedly going to make him rich).. which sometimes, had been better participation in the thread rather than no participation at all.. hahahahaaha..... but as repeated, the thread is not about alts, so why would your initial post be relevant in any kind of meaningful way to this thread?

Oh, by the way, it would be great to hear from guys if they were creating some kind of payment acceptance, and they were weighing different ways to set it up, such as comparing bitcoin to other alts, advantages and disadvantages (so long as there was some consideration of bitcoin within the discussion).

Concerning whether any of us know about ethereum in this thread (and me particular) doesn't really matter too much, because the thread is not about ethereum. i thought that we covered that? Anyhow, however, in this forum, there are all kinds of ways that guys post about their opinions in a lot of respects and some of them are more backed up than others, and therefore, the threshold of knowledge regarding ethereum or any other alt in this thread is not very high to participate in a thread about bitcoin.

On the other hand, if for some possible reason someone was making a point about ethereum or any other alt and trying to explain a difference that mattered to a relevant topic, then hopefully, the point is correctly based on evidence, experience with decent logical connections.

Regarding ethereum being a pump and dump in my view that is an opinion (and likely a lot of evidence to support such), yet still to be discovered whether the statement is true and whether Ethereum does rise to the level of a pump and dump or not.

At this point, it seems that the conclusion about whether Ethereum is a pump and dump or not does not really matter too much? probably not to this thread, but I am certainly just one voice and RVF guys are not really too shy about having different opinions, and likely when arguments and presentations are made here regarding any altcoin and they relate to bitcoin, then the topic will likely be discussed in the future, as it had been in the past.

So if you have any discussion of bitcoin for this thread, then please feel free to present your discussion, rather than getting huffy about what so far you have presented as a non-relevant topic.. or concerns that I am being too mean about your non relevant topic.

(02-29-2016 02:09 PM)JayJuanGee Wrote:  

(02-29-2016 12:21 PM)Tresdus Wrote:  

(02-29-2016 07:03 AM)JayJuanGee Wrote:  Maybe it is more irritating regarding Tresdus's manner of presentation, rather than the fact that he wants to talk about Ethereum?

1st he comes into the thread and says that he is too lazy to read a few pages back, and therefore what about Ethereum... blah blah blah.. ethereum is so fucking great... blah blah blah.

I came here with a simple fucking question asking if eth has already been discussed and you immediately attacked me. Why should I open a thread to explain eth if you aren't even interested in a discussion rather you just want to attack people that ask questions.

How many altcoin threads do you want this forum to have?

One for XMR? Which has gained as much as MAID.
One for Dash?

Oh and just for my personal opinion, you have no clue about Ethereum calling it a pump and dump. Why would Samsung or Microsoft be invested in a pump and dump? Ethereum is way undervalued. I really don't care what you think about it, like I said my first post was simply asking a question.

Now you are acting as if you did not deserve to be attacked?


I don't know how many alt coin threads that there are on the forum, but I am fairly certain that if people are interested in various alt coins, then they could participate in such a thread or a thread could be created for such with postings from time to time regarding people who are interested in such topic.

For more than a year, I have been posting regularly in this thread with scattered and sporadic participation from other forum members, yet from time to time others chime in and raise very decent and good points about the bitcoin space that may not have been brought up, if this thread were not here (and kept somewhat active). Actually, also, there are some threads on RVF that go very long periods of time between bumps.

Surely, in terms of this thread there are mentions of various alts from time to time, and some of those mentions are more topical than others.... and generally, I get some pleasure in attacking other members who bring up such non-topics (so it's not just you.. hahahahahahha )... If you had looked back through the thread a little bit, then you may have noticed some of those discussions... and even El Mech has had the tendency to talk about a variety of pump and dumps in this thread (that were supposedly going to make him rich).. which sometimes, had been better participation in the thread rather than no participation at all.. hahahahaaha..... but as repeated, the thread is not about alts, so why would your initial post be relevant in any kind of meaningful way to this thread?

Oh, by the way, it would be great to hear from guys if they were creating some kind of payment acceptance, and they were weighing different ways to set it up, such as comparing bitcoin to other alts, advantages and disadvantages (so long as there was some consideration of bitcoin within the discussion).

Concerning whether any of us know about ethereum in this thread (and me particular) doesn't really matter too much, because the thread is not about ethereum. i thought that we covered that? Anyhow, however, in this forum, there are all kinds of ways that guys post about their opinions in a lot of respects and some of them are more backed up than others, and therefore, the threshold of knowledge regarding ethereum or any other alt in this thread is not very high to participate in a thread about bitcoin.

On the other hand, if for some possible reason someone was making a point about ethereum or any other alt and trying to explain a difference that mattered to a relevant topic, then hopefully, the point is correctly based on evidence, experience with decent logical connections.

Regarding ethereum being a pump and dump in my view that is an opinion (and likely a lot of evidence to support such), yet still to be discovered whether the statement is true and whether Ethereum does rise to the level of a pump and dump or not.

At this point, it seems that the conclusion about whether Ethereum is a pump and dump or not does not really matter too much? probably not to this thread, but I am certainly just one voice and RVF guys are not really too shy about having different opinions, and likely when arguments and presentations are made here regarding any altcoin and they relate to bitcoin, then the topic will likely be discussed in the future, as it had been in the past.

So if you have any discussion of bitcoin for this thread, then please feel free to present your discussion, rather than getting huffy about what so far you have presented as a non-relevant topic.. or concerns that I am being too mean about your non relevant topic.

TL;DR?

(02-29-2016 02:44 PM)Tresdus Wrote:  

(02-29-2016 02:09 PM)JayJuanGee Wrote:  ....

TL;DR?

Well, if you did not want to read anything, and if you only want summaries, then what can any of us do about that?

You want some bitcoin discussion?

Bitcoin is gonna drop, mark my words. There is 30k unconfirmed transactions in the mempool
https://blockchain.info/unconfirmed-transactions

Have fun doing anything with Bitcoin now.

Oh, and btw Microsoft just certified Ethereum for its BaaS marketplace, must be a fucking shitty altcoin if Microsoft is going all in.
http://www.coindesk.com/microsoft-ethere...lockchain/

(03-01-2016 01:09 PM)Tresdus Wrote:  You want some bitcoin discussion?

Bitcoin is gonna drop, mark my words. There is 30k unconfirmed transactions in the mempool
https://blockchain.info/unconfirmed-transactions

Have fun doing anything with Bitcoin now.

You seem to be a fucking hardheaded goofball.

You are not even attempting to discuss bitcoin; however, you seem to be predicting that Bitcoin's price is going to fall, while providing little evidence and/or discussion to support your supposed scant evidence. So fucking what?

O.k. great, there is always ups and downs in bitcoin prices, and there is ongoing spam and ddos attacks taking place against bitcoin at the moment.. you did not discuss any of this. The price direction is not "obviously bitcoin prices are going to fall" blah blah blah.

As has been stated a lot of this thread, if you would have bothered to read any of the posts, beyond your own blather, you may have come to realize that bitcoin remains a relatively small market cap and easy to manipulate up and/or down with relatively low amount of capital. Accordingly, with a bitcoin investment to be safer, a guy should set up his total bitcoin portfolio (cash and bitcoin holdings) in order to be prepared for price changes in either direction because there is no sign that bitcoin's price volatility is going to stop any time in the near future.

Further regarding unconfirmed transactions, it would be nice to see if blockchain.info or some other relatively reliable source had a chart regarding how the quantity of unconfirmed transactions change over time... for the most part, transactions whether free or paid are going to be confirmed within 24 hours (and most times before that)... even with the ongoing ddos and spamming attacks.

(03-01-2016 01:09 PM)Tresdus Wrote:  Oh, and btw Microsoft just certified Ethereum for its BaaS marketplace, must be a fucking shitty altcoin if Microsoft is going all in.
http://www.coindesk.com/microsoft-ethere...lockchain/

This part of your post is not even an attempt at discussing bitcoin, but rather your lame continued attempts at pumping ethereum with a suggestion that somehow ethereum is better than bitcoin because currently it is being pumped?

You are coming off as having some kind of psychological problems in that you seem to feel that it is necessary to come to this thread and then to attempt to compete in order to get us to talk about your irrelevant topic, without even attempting to make some kind of connection in order to help us out in recognizing any such relationship between bitcoin and ethereum, if one exists. Do you expect readers of this thread to do all the work for you, or are you going to help out to make some kind of connection or explanation in some kind of way? not that I am inviting you to go on some kind of continued Ethereum rant in this thread...

By the way, there are some relevant links on blockchain info that are informative to get a sense about whether bitcoin is working for people.


This one shows how long it takes to get your confirmation, if you pay a fee, and a standard fee would be .0001BTC per kilobyte (which adds up to anywhere between $.04 and $.12 per transaction for most transactions of less than about 100BTC).

Fairly recently, I have had several transactions of 10BTC, and those have cost me .0002BTC, which is about $.08.


https://blockchain.info/charts/avg-confirmation-time


In other words, currently, there is a lot of propaganda out there asserting that BTC is broken blah blah blah... migrate over to some alt to hedge your bets.. a hardfork is imminent and other baloney like that.. which many people may believe if they do not have time to look into the disinformation.

On the other hand, surely disinformation does help to drive public sentiment, so in some cases, especially on the margins, disinformation can have actual real world impacts in this case to drive down BTC prices... which is a real phenomenon that anyone investing in bitcoin should prepare for such possibilities.

From time to time in this thread, I have posted examples of staggered BTC bets, and considering that BTC prices could bounce 5% or 10% in either direction quickly, it is good to plan for at least 10% changes (but more prudent to have a plan for 20% or more changes - otherwise you could be in store for almost certain disappointment).

Currently, my staggered bets within 15% of today's floating BTC prices are somewhat like this (these are not my exact amounts, but to present the ideas in this thread, the amounts are something like this).

BuyPrice BTC_tobuy $Amt_ToBuy
$373.00 0.13404826 $50.00
$383.00 0.13054830 $50.00
$393.00 0.12722646 $50.00
$403.00 0.09925558 $40.00
$408.00 0.09803922 $40.00
$411.00 0.09732360 $40.00
$418.00 0.09569378 $40.00
$421.00 0.09501188 $40.00
$426.00 0.08215962 $35.00
$428.00 0.08177570 $35.00
$430.00 0.08139535 $35.00


SellPrice BTC_toSell $amt_toSell
$436.00 0.04587156 $20.00
$439.00 0.04555809 $20.00
$442.00 0.06787330 $30.00
$445.00 0.10112360 $45.00
$451.00 0.09977827 $45.00
$456.00 0.09868421 $45.00
$462.00 0.17316017 $80.00
$468.00 0.17094017 $80.00
$475.00 0.18947368 $90.00
$485.00 0.18556701 $90.00
$495.00 0.18181818 $90.00



In BTC trading, a guy could use any amount that is comfortable to him, and a lot of exchanges or purchase locations will allow transactions as low at $5 per transaction, but some will allow even lower amounts. When I first started out, I was frequently using the minimum amounts just to practice and to spend some time and patience to set up my staggered amounts of bets on both sides.

Now if BTC prices move really quickly, I do not execute each staggered stage of the bet, but I will let the price run and then execute some kind of combining of the amounts because if it seems fairly clearly that the price has momentum to continue to move in one direction then it is frequently more prudent to wait a bit before executing the trade. On the other hand, when it is not clear regarding the movement of the price (which is frequently true), then it is better to lock in profits and attempt not to get too greedy in waiting for more and more when the price changes can rapidly change directions.

Seems more likely that the $382 bottom is in... if anyone noticed the about 3000 coins dumped on stamp within a few minutes to bring down the price from $402 to $382.

Nonetheless, the bottom is not outside of striking distance, if there is a desire to attempt another 3000k or so additional dump.

Regarding Ethereum and it's relationship to bitcion: It has been quite an interesting pump of Ethereum (and certainly beyond my expectations to witness ethereum do approximately a 12x price increase in about 2 months). Whether Ethereum's pump is over or not, time will tell. Personally, I would predict that a crash of ethereum is going to be much more rapid and brutal, as compared with bitcoin's 2014 crash from $1200 to a bit below $200.... which took about a year to achieve with a lot of ups and downs and a lot of dollars were spent to bring Bitcoin's price down to those levels.

Ethereum on the other hand will probably return from $12 to below $2 in a much more rapid speed ... who is to say how long, and to what degree, but such changes in market share will likely have some relational effect in respect to bitcoin in terms of people moving in and out of alts and into bitcoin and out of bitcoin into alts.

At this point, it seems that bitcoin is in much of a better place to achieve a 10x or even a 5x increase in price (and possibly more sustainable) as compared with Ethereum...

On the other hand, I have read several plausible conspiracy theory like predictions that some of the pumping of alts (whether Ethereum or some other alt) is part of a concerted effort to undermine perceptions of bitcoin... which surely some of that seems plausible to me, especially when some of the alts, such as ethereum seem to have no where near the security of bitcoin, and accordingly, at this point with ethereum, an investor is running two pretty high risks. 1st, the price has been pumed so much that it seems really overdue for a major correction and 2nd, if the ethereum investor gets passed the pump and dump risk, there seems to be considerable coin security risks that may also involve third party insider risks in which increased value seems to put ethereum coins at considerable risk for theft and otherwise double spending attacks.

Time will tell, no?

Any other updated thoughts guys?

Any stress from the recent downward price movements in bitcoin?

Maybe an assertion can be made that bitcoin prices have been floating in a largely $360 to $460 price range for a little over 3 months.. and at this point, the price is largely within the middle of that price range.

Since I posted a variation of my below BTC price prediction in a bitcoin forum, I thought that maybe I could post it here, too, and attempt to find out if guys have any other or better BTC price predictions.


>>>>>>>Based on current overall market dynamics, I predict BTC prices going above $500 anywhere between 1 day and 2 years.

In my current thinking, the probability of BTC prices going above $500 looks something like this.

1-5 days = less than 2%

6-15 days = less than 8%

16-30 days = about 20%

31-60 days = about 30%

61-120 days = about 50%

121-364 days = about 80%

1 year to 2 years = about 95%


Any better BTC price predictions?


By the way, I believe that at this current moment and these current market conditions, most regular and somewhat knowledgable bitcoiners would also place the odds of bitcoin prices going above $500 first to be better than the odds of btc prices going below $300 first, but I'm sure that there are a number of outlier opinions on that.

Currently, I'm considering removing a large majority of my coins from Coinbase, because of their various recent stances in the blocksize limit debate that seem to purposeful attempts at disrupting and dividing the bitcoin community (to the extent that there is such a community).

Below is a decent article showing that some major financial institutions may be beginning to understand that bitcoin could offer them (if they are strategic about it) various competitive advantages...... in transferring value cheaply and with security.




http://www.americanbanker.com/bankthink/...740-1.html

Bitcoin is moving along because even a year ago, these kinds of substantial, largely accurate and not dissing on bitcoin discussions were really absent from any kind of mainstream considerations.

Interesting that Blockchain tech is very hot now especially in the financial services realms:

http://www.infoworld.com/article/3039234...in-it.html

Blockchain engineer

You won’t find a lot of job openings with this title yet. But startups are recruiting engineers and developers who are familiar with the technologies behind bitcoin and have deep experience in cryptography, distributed systems, hash algorithms, and more.

Bitcoin’s core technology, the blockchain, is proving the most intriguing to could-be employers. More than 200 companies and open source projects are seeking to apply blockchain technology to applications such as trading platforms, secure identification cards, self-executing contracts, and many applications in financial services.

Peter Kirby, CEO of Factom, a startup working to monetize the technology developed by Factom.org, an open source project, says it’s easier to get eight-figure infusions of capital from VCs than it is to find qualified blockchain engineers. “It begins with understanding how decentralized architecture works and the intersection of software architect and cryptography expert,” he says.

The technology is not that difficult to comprehend, he says, but it is new and in some ways more like advanced math than programming.

Interested? Check out this job posted on Dice.com by CyberCoders, an IT recruiting company promising a salary of $150,000 to $170,000 for an engineer with experience in Python, bitcoins, and distributed systems.

Likely the best way to make real money with Bitcoin moving forward...

FYI Jobs keywords on Dice:

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