(05-02-2016 03:24 PM)JayJuanGee Wrote:  Each of us has to decide the extent to which we feel sufficiently invested in order to have a sufficient stake in BTC. Maybe after you have achieved your 10BTC goal, you may want to reconsider your plan in another way at that point.

I would recommend considering your goal in terms of fiat rather than BTC. In that regard, maybe investing on a weekly basis of approximately $25 a week or some other convenient amount that is priced in dollars rather than BTC. Accordingly, you measure it up with your fiat cash flow, and if prices are high you buy less and if prices are low, you buy more... and you continue to accumulate. At the same time, you can consider that if we get a 2x, 5x or 10x price upsurge, you may want to consider pulling out some of your fiat.. and possibly holding some of it for reinvestment and some of it to take out completely. Each of us has to decide for our own situation how exactly to accumulate and then from time to time reallocate in accordance with all of our various investments and the extent to which to include BTC in such investment mix.

Understand entirely. The only reason I picked an arbitrary 10 BC amount was simply to be involved in the event that another huge price spike occurs again. When I finally digested how Bitcoin actually works, there were all sorts of wild predictions being made online about them going up to USD 10k per coin in the future and possibly even higher, so I just wanted to invest a bit of loose change every month at current pricing levels to see what happens in a few years. At USD 1k per coin, if that ever happens again, I'll suspend buying and watch with interest.

I just don't know enough about it and all its underlying volatility factors to make a more scientific investment strategy than that, but I'll follow this thread with interest. Thanks for the advice.

(05-03-2016 01:00 PM)Rain Wrote:  

(05-02-2016 03:24 PM)JayJuanGee Wrote:  Each of us has to decide the extent to which we feel sufficiently invested in order to have a sufficient stake in BTC. Maybe after you have achieved your 10BTC goal, you may want to reconsider your plan in another way at that point.

I would recommend considering your goal in terms of fiat rather than BTC. In that regard, maybe investing on a weekly basis of approximately $25 a week or some other convenient amount that is priced in dollars rather than BTC. Accordingly, you measure it up with your fiat cash flow, and if prices are high you buy less and if prices are low, you buy more... and you continue to accumulate. At the same time, you can consider that if we get a 2x, 5x or 10x price upsurge, you may want to consider pulling out some of your fiat.. and possibly holding some of it for reinvestment and some of it to take out completely. Each of us has to decide for our own situation how exactly to accumulate and then from time to time reallocate in accordance with all of our various investments and the extent to which to include BTC in such investment mix.

Understand entirely. The only reason I picked an arbitrary 10 BC amount was simply to be involved in the event that another huge price spike occurs again. When I finally digested how Bitcoin actually works, there were all sorts of wild predictions being made online about them going up to USD 10k per coin in the future and possibly even higher, so I just wanted to invest a bit of loose change every month at current pricing levels to see what happens in a few years. At USD 1k per coin, if that ever happens again, I'll suspend buying and watch with interest.

I just don't know enough about it and all its underlying volatility factors to make a more scientific investment strategy than that, but I'll follow this thread with interest. Thanks for the advice.

Thanks for the response. Surely, I am considerably invested in bitcoin, and that's part of the explanation why I participate in this thread with such regularity and adding quite a bit of ongoing snapshots to the thread for the past 2.5 years - and attempting to engage to the extent that RVF guys are interested in the subject.

Personally, I think the bitcoin topic should be extremely interesting to RVF guys because there is a pretty high ratio of RVF guys who like to travel internationally, are engaged in international travel, and aspire towards travel. I think that international travel was part of my original interest in bitcoin to figure out how to hold some value and be able to control that value while traveling. Some of my travel plans have been temporarily delayed due to some business complications, but I am still thinking that I am going to be able to travel within the coming years as soon as I am able to resolve some of my recent personal obstacles.

My initial goal was to attempt to acquire something like 30 BTC within about a year (or maybe less) starting in late 2013, while I continued to research into the matter.. Since prices went down considerably, I learned quite a bit more about BTC, and there has been more passage of time, I have tweaked my plans through the passage of time.

From your framing of your personal situation, it sounds as if you are probably getting pretty close to (if not already there) achieving your 10 BTC initial goal... So, yeah, I cannot disagree with your plan to hold and continue to watch.

I don't really consider myself as someone to give advice, but whenever I do learn about the financial circumstances of people based on discussions of such, I do attempt to suggest ways that they can incorporate bitcoin into their personal investment plans (to the extent that they are receptive to such).. which I find in the real world, a large majority of people that I meet remain as considerable skeptics... hahahahahaha so my success in introducing and also witnessing actual investment is a pretty low percentage.

Actually, did not say too much about my own bitcoin investment or even attempt to steer folks in such direction until about late 2014 when the price was in the $375 territory, and then I engaged in a fairly broad e-mailing of friends, relatives and acquaintances to inform them of such bitcoin situation, and to say bitcoin is a great investment.... but it was their choice. We know what happened from there... hahahahaha.. price went further down and then stayed stagnant for nearly a year, etc etc etc. However, a couple people that I know invested and hung on and they did pretty well in their portfolio but was a scary time when prices were hovering mostly in the lower $200s for about 9 months (long enough for a baby). Scary for me, too, but I held and continued to buy to the extent that I had any available cashflow during that period... which was kind of during the period that some of my own business shenanigans was going down and putting a cramp on my cashflow.

I think about leading a horse to water, and the rest is up to them... which sometimes they choose not to even take a small stake in spite my outlining the matter fairly clearly and rationally... hahahahaha

Actually, one additional point related to my above post and regarding whether we consider bitcoin as a means to “get rich” or to have some other purpose.

Not planning to get rich with bitcoin could be a decent investment mindset... yet we likely realize that we prefer to have any of our invested earnings to have a competitive storage of value.. and to attempt to at least equal other investment vehicles


Bitcoin is in no way a stable investment vehicle.. but with that lack of stability and accompanied risk comes the possibility that if it does appreciate, it will appreciate in value much greater than other assets (repeat, that is if it does appreciate)... Accordingly, many of us, including myself, begin to think that it is possible to become rich (or at least richer than we already are) with the possibility of considerable appreciation by taking a decent stake in bitcoin.

We could lose 100% of our investment; however, it remains possible to 2x, 5x, 10x, 100x or even 1000x within 1-10 years... ....

Anyhow, because of the risk/reward of bitcoin as an investment, I placed as much money into it as I thought would be feasible in the event that bitcoin were to go to either zero or to appreciate. I would still be able to survive o.k. if bitcoin were to go to zero; however, because I am taking a chance that it could exponentially increase in value, I remain fairly content when my investment into bitcoin at least retains the original value of the investment.

I consider appreciation of value beyond my initial investment to be icing on my investment cake... In other words, I am not counting on getting rich from bitcoin, but I have enough stake in the game that if it were to exponentially increase in value, I would do very well with a large number of appreciation scenarios.. and I would consider myself to have become fairly rich with anywhere above 10x increase in value. Another question remains regarding whether BTC would be able to retain such a 10x increase in value, and some profits will likely need to be taken off the table at that point (and points along the way to prepare for the likelihood that there are going to be ups and downs in bitcoin's ongoing price performance).

(05-03-2016 05:25 PM)JayJuanGee Wrote:  We could lose 100% of our investment; however, it remains possible to 2x, 5x, 10x, 100x or even 1000x within 1-10 years... ....

Sure it's possible.

(05-04-2016 05:01 AM)Satoshi Wrote:  

(05-03-2016 05:25 PM)JayJuanGee Wrote:  We could lose 100% of our investment; however, it remains possible to 2x, 5x, 10x, 100x or even 1000x within 1-10 years... ....

Sure it's possible.

Where's your elaboration Satoshi?


Of course, Bitcoin is a hell-of-a lot less likely to 1000x in the shortest of the period of time that I listed in my earlier post (which was 1 year)... and that possibility would be like a very small fraction of one percentage to occur so suddenly, and even stretching out in the longer of the frame work the possibility is probably still below 1%... depends on who you ask, and surely there is some speculation and better-case-scenarios that would have to evolve.

1000x by the way, would put bitcoin's at about $450k each and market cap at about $7 trillion, which is about 2x of gold's current market cap around $3.5 trillion. 1000x is not a total pie in the sky scenario for bitcoin to reach such an evaluation, and part of my point in listing that 1000x as a possibility is to say just that. It's possible... and probably even more possible than aliens. There are actual threads on the topic, too including some theoretical models for $1 million BTC or even $2million BTC. Timelines for such, do definitely vary and assume a considerably high level of BTC adoption.

I don't know what to make of the below linked article, exactly, but the author is fairly bullish about bitcoin, and claims that he had predicted Bitcoin's 2013 rise to above $1,000 and it's subsequent fall. I take any self-proclaimed soothsayers with a grain of salt; however, currently, he is predicting $1,000+ in 2016 and $3,000+ in 2017.

His numbers are a bit similar to mine; however, I'm kind of thinking that once BTC prices go passed $800-ish, then they will likely shoot well passed $1,000 into the $3k to $5k territory and then settle back into the $1,000s.. and then possibly have another run at a later date to go passed $5k into the $10k-ish territory.

But, yeah, when my actual prediction occurs (if it does) is difficult to predict with any precision or to know because first of all we gotta get out of the $400s first, if we can?.. which getting out of the $400s will likely take us into the $600s.. and then maybe a correction back to the $500s or even $400s, and thereafter, it could take a while to get out of the $500 to $800 price range.

Anyhow, the below linked article is a decent read:


http://www.coindesk.com/2016%E2%80%8A-br...awakening/

JJG, is there an investment vehicle that lets an investor gain exposure to bitcoin without actually owning bitcoin? Basically does something like GLD exist for bitcoin? Enjoy your commentary.

(05-07-2016 07:47 PM)PartManPartMonkey Wrote:  JJG, is there an investment vehicle that lets an investor gain exposure to bitcoin without actually owning bitcoin? Basically does something like GLD exist for bitcoin? Enjoy your commentary.

I believe that the only one currently is GBTC. There were some RVF guys (at least one) that claims to have bought into this (and possibly sold too?)...

The investment fund has been around for nearly two years (I believe), and it was started by one of the companies funded by Barry Silbert. Over the last several years, Silbert has been instrumental in funding quite a few bitcoin companies.

I believe that the fund has various restrictions regarding in and out time frames and also like minimum investment quantities, unless I suppose if you go through some kind of either employer group or investment group, then you may be able to buy in smaller initial quantities.

At some point, the GBTC should have some competitor funds, but I don't know about any others, except I believe COIN by the Winkelvoss brothers is supposed to be an ETF that may be a kind of competitor. COIN has not been approved yet, and has been pending application to be an ETF for more than 2 years.

If you look at GBTC's performance compared with bitcoin, you will see that it has been a bit more volatile, and mostly on the upside.. For example, currently it's running at about $749 per BTC while it costs only about $457 to buy BTC directly.

If anyone knows about other BTC investment funds, then please chime in.

I may have posted the below link earlier; however, even if so, I believe that it is worth repeating the posting of such link in order to show the relatively small size of bitcoin compared with the sizes of net worth of rich individuals, various money supplies, other assets, debt and derivatives.

http://money.visualcapitalist.com/all-of...alization/

By implication, the relative smallness of bitcoin shows how much room remains for it's growth to double triple or even to 10x in size and still remain relatively small in comparison with some of the other assets depicted in that linked website.

For illustrative purposes, this one is good, too in order to make a decent point about the relative size of bitcoin compared with money supply.

Waiting for a stupid bitcoin block and just seeing myself losing money minute by minute.

(05-10-2016 10:02 AM)Satoshi Wrote:  Waiting for a stupid bitcoin block and just seeing myself losing money minute by minute.

Recently, you seem to be hitting on a large number of the butt hurt bitcoin troll talking points, without providing any details... and likely either exaggerating, making things up or having unrealistic expectations.

Oh, poor Satoshi, what's going on with your transaction delay? Did you use fees? Oh, you found that $.04 was too much, so you tried to send without fees, because it's your "right." Oh, Poor guy, expects bitcoin to function like visa...., except completely free because $.04 is too much to pay...

(05-10-2016 02:55 PM)JayJuanGee Wrote:  

(05-10-2016 10:02 AM)Satoshi Wrote:  Waiting for a stupid bitcoin block and just seeing myself losing money minute by minute.

Recently, you seem to be hitting on a large number of the butt hurt bitcoin troll talking points, without providing any details... and likely either exaggerating, making things up or having unrealistic expectations.

Oh, poor Satoshi, what's going on with your transaction delay? Did you use fees? Oh, you found that $.04 was too much, so you tried to send without fees, because it's your "right." Oh, Poor guy, expects bitcoin to function like visa...., except completely free because $.04 is too much to pay...

By the way, less than an hour ago, I sent about 3.15 BTC (nearly $1,500) through my Blockchain.info wallet, and the current app on my Iphone dynamically chose the fee to be .0000727 (less than $.03), and the transaction showed up within seconds unconfirmed, and it took 5 minutes to confirm with three confirmations.

Even though we likely need to experience several more user-friendly innovations in the bitcoin space, I'm frequently impressed with the control that I have over my money in using blockchain.info, for example, and also the speed and low fees with the transactions.

I may have mentioned that I did have one problem a few months ago in that I sent some bitcoins to a person, and he paid me dollars through Venmo... I actually received the Venmo dollars, and transferred them to my bank through the app, and thereafter, I sent the guy the bitcoins... Yeah right..

The next day, Venmo reversed the dollar/bank transmittal, even though their statement said that transactions were not reversible... so yeah, a problem with bitcoin is that transactions are not reversible when dealing with people who want to scam you, and apparently the guy did not have the dollars in his venmo account, even though it appeared that he had sent them to me.... Accordingly, I'm not sending bitcoin's to people no more unless for sure I have the cash in hand.... and probably, we need to figure out some better systems for the various scams that rely on bitcoin's irreversibility.

Actually there was a fee in the transaction. 0.00024495 BTC to be exact which is about 11 cents. And for me a transaction with visa in a foreign currency comes at a cost at a 1.25% foreign currency fee. So you're wrong again JJG. But at least a visa transaction goes through immidetly. With the new revolutionary technology called bitcoin one has to wait for a so called block which could be anytime from instant to an hour away.

(05-10-2016 07:24 PM)Satoshi Wrote:  Actually there was a fee in the transaction. 0.00024495 BTC to be exact which is about 11 cents. And for me a transaction with visa in a foreign currency comes at a cost at a 1.25% foreign currency fee. So you're wrong again JJG. But at least a visa transaction goes through immidetly. With the new revolutionary technology called bitcoin one has to wait for a so called block which could be anytime from instant to an hour away.

You are becoming more combative and self-righteous over stupid shit. You post some vague statement about a delayed transaction without details, and then I describe my some of my own recent experiences, and then you argue that I am wrong about your circumstances, apparently, because I didn't guess your details correctly?

Anyhow, I thought that you were getting out of bitcoin at $250 because you believed it had no future.. so now, for some reason you are back, and you want to use the crippled coin, AKA bitcoin?

Regarding comparing credit card payment systems and bitcoin, we seem to be comparing too different things.. bitcoin is much more than a payment system, even though that part of what it can do, and you should know that by now....

I don't really see any need to respond more substantively to you because really you should know better regarding what bitcoin has to offer as compared to a lot of centralized systems, yet sure you are apparently bearish about bitcoin, but a bit of a lost bear because you are still likely dabbling in other cryptos attempting to find the next best one in order to speculate and to profit from it... I have no problems with that, but in the end, bitcoin remains the most solid of any of the cryptos, and there are no recent developments changing that in recent times.

You, or anyone else considering whether they are bitcoin sceptics, may want to consider whether they want to get some skin in the game, because things are looking really good for bitcoin in the coming year or two. Whether we get one or two more 10x price performances out of bitcoin in the coming years is still to be seen, and my personal position (stake in bitcoin) is not dependent on any exponential price rise (so icing on the cake for me, if it were to occur).

Think about where bitcoin fits into a pattern like the below graft of innovative introductions.


   



Bitcoin remains less than 1% of the US population even knowing about it in any kind of meaningful way.. and world-wide the percentage probably is even lower...

We cannot deny that there is some relation in the price performance of ETH and BTC because, even though there are a variety of additional liquidation avenues opening up for BTC (people definitely want to profit on ETH's increased trade volume); nonetheless, it is gonna be interesting how this interplay develops...

How long can ETH keep up the artificial hype because there is not any real tangible value there, beyond the actual pumping of it? Almost all of these ETH value propositions (in the sense of utility, rather than monetization) can be fairly easily absorbed into being secured on through bitcoin... which as we should realize is thousands of times more secure.

It will be interesting to see how much longer this ETH pump can be sustained because, for example, when 185k ETH disappears from Gatecoin (hacked), that should have actually caused a decrease in value for ETH, but instead we see a pump of ETH and likely those folks holding the stolen 185k ETH are going to be able to cash out through such pump. But maybe no real dent to ETH,because ETH generates about an additional million ETH per month, too..? The ETH price just seems destined to end badly, and yet I continue to wonder whether there is going to be some correlation (possibly inverse correlation) with Bitcoin's price - at some point in the fairly near future?

I don't really know, but kind of speculating regarding some current happenings in the BTC/ETH price scene.

I thought this topic was for BTC only since you made me create new thread for discussion of another crypto currency which I find interesting. You said that there is "no real tangible value there" in ETH however I disagree and think the smart contracts are very cool and that's something BTC can't do. In my opinion ETH is also the second one to be big enough to actually have a USD market. LTC used to be that big but isn't anymore.

(05-17-2016 07:11 PM)Satoshi Wrote:  I thought this topic was for BTC only since you made me create new thread for discussion of another crypto currency which I find interesting. You said that there is "no real tangible value there" in ETH however I disagree and think the smart contracts are very cool and that's something BTC can't do. In my opinion ETH is also the second one to be big enough to actually have a USD market. LTC used to be that big but isn't anymore.

By the title of this thread, we all should recognize that this is the bitcoin thread, so posts should be somehow be connected with BTC issues - or at least attempting to make some kind of meaningful connection to BTC, no?

Regarding your claim that I made you do something... hahahahahaha... I am not sure how I could make you do anything, unless you may have already been persuaded to do whatever I was suggesting... I mean really???

But to give you some benefit of the doubt, if you had come into this thread pumping various other alts without even attempting to make any meaningful connection to BTC, then likely you would have been off topic, no?

Regarding your other thread, where is it? give us a link. There are some arguments that various other cryptos could be interesting to follow, though most of them seem to be pump and dumps, but there are likely some that can add some value to the whole space, including adding potential value to bitcoin at some point down the road. Some guys who are looking at bitcoin may also have some interests in looking at the contents of such an RVF thread that relates to other cryptos, too. If there is such a thread.

Regarding any necessity to back up my claims concerning the lack of value of various other crypto's including ETH, I think that I have sufficiently stated my claim to the extent that it is relevant to this BTC thread. If you think that either ETH or any other crypto is going to surplant BTC because of some kind of killer value that it adds, then the burden is likely on you rather than me to persuade regarding any such extraordinary claim, if any such claim exists... beyond some evidence of short term pump and dump price movements.

By the way, I get the sense that you remain a bit butt hurt about selling your BTC at $250 and denigrating the whole BTC matter, when the evidence seems quite contrary to your previous assertions, and this is not just about BTC's subsequent upward price movements but ongoing developments in the BTC space and likely resolution of a lot of the issues surrounding the XT/Classic fearmongering.

Anyhow, when you got out of bitcoin at $250, you seemed to be making claims that investing in Maidsafe and Mastercoin could be better ways to go because largely you considered bitcoin to be ded.. and now, suddenly you seem to be suggesting ETH benefits over BTC or are you just merely on the same train of butthurt thoughts to engage in further attempts at BTC bashing?


What a world? what a world? You seem to get more and more resentful about this whole BTC prediction matter with the passage of time, no? And, you won't back down, for some reason you still consider bitcoin dead? Seems a bit contrary to logic and actual on the ground facts, no?

Oh, i did just have a chance to look for some alternative crypto threads on RVF, and I found your Maidsafe thread, and I made a comment therein, though not very substantial because I don't know too much about it or have any meaningful interest in it, at the moment.

https://www.rooshvforum.com/thread-54107...pid1303826


The alternative crypto thread may be good too, in order to discuss various other cryptos for folks who may be down on Bitcoin... and looking for some other opportunities in the crypto space.

https://www.rooshvforum.com/thread-32992.html

For a variety of reasons, some folks seem to believe that they have missed big opportunities in bitcoin (between 2009 and 2013) and there are not going to be anymore meaningful exponential pumps of BTC prices, and personally, I believe that you cannot rule out exponential price pumps in Bitcoin, but yeah, some of the other cryptos do have periods of stupendous growth that may not last too long, but it is there and potentially competitive to BTC.

For example, ETH had well over a 10x pump, and then it dropped down almost 50% from its high, and now its returning back up to approach its previous ATH... Is it going to surpass it's previous ATH, who knows.. I don't know enough or care enough to take such chances, but my sense is that it's gonna have a stupendous crash in the near future... but yeah, time will tell. There is some relationship to BTC because of arguments that are made about ETH being comparable and also some people get in and out of ETH through BTC.

Yeah that's the thread I was talking about. I started it after you asked me not to write about maidsafe in here. That's why I though it was strange when you made a post about ETH. But I think I get it, you're shittalking ETH and I was speaking about the advantages of maidsafe, so my post does not belong in here while yours does, is this correct?

And I'm not butthurt at all, you seem to be a bit hangup on calling me this in every other post. I did sell a few coins at $270, however that was only the coins I bought a few weeks/moths earlier at $220. The rest of my remaining BTC I exchanged for maidsafe at the same time, and maidsafe has increased in value compared to bitcoin since then. I'm actually very happy with my investings in crypto currencies.

(05-18-2016 02:29 PM)Satoshi Wrote:  Yeah that's the thread I was talking about. I started it after you asked me not to write about maidsafe in here. That's why I though it was strange when you made a post about ETH. But I think I get it, you're shittalking ETH and I was speaking about the advantages of maidsafe, so my post does not belong in here while yours does, is this correct?

I thought that I already explained my understanding of the thread, more or less, and in essence, it seems to me that if you are attempting to make connections with Bitcoin - or that the primary focus of the discussion of your post is about bitcoin, then it would arguably fit into the thread. If you are merely pumping, dumping or discussing some other crypto (without really connecting it to bitcoin), then that would seem to be off topic, so either there is a better thread for such discussion or maybe it is better to start a thread about that topic. I'm not sure what is so difficult about that concept? It really should not be about me telling you what to do or anything like that.

(05-18-2016 02:29 PM)Satoshi Wrote:  And I'm not butthurt at all, you seem to be a bit hangup on calling me this in every other post.

O.K.... Maybe I am attributing too much of a label to your conduct that seemed to be somewhat fitting? You seem to come into the thread just to denigrate bitcoin, and without any other purpose, and you even seem to do so in a way that is not very substantiated. Seems to fit with a butt hurt label, but I will give you the benefit of the doubt that maybe I had been over using the term in your case.

(05-18-2016 02:29 PM)Satoshi Wrote:  I did sell a few coins at $270, however that was only the coins I bought a few weeks/moths earlier at $220. The rest of my remaining BTC I exchanged for maidsafe at the same time, and maidsafe has increased in value compared to bitcoin since then. I'm actually very happy with my investings in crypto currencies.

Well, in essence the sum of the matter is the same, and that is that you had decided to completely exit bitcoin, whether that is at $250 or $270 or some other amount to your liking.

I don't think that it is necessary to get into any kind of competition regarding which investment is doing better than others because it is not a real productive kind of analysis... I mean each guy is going to be in a different position and is going to make different choices about whether to invest and how much to invest or whether to disinvest, and when.

Even though some people sometimes read some of my posts as a kind of competition regarding how much I am making (or not) but really that is not the only point for which someone may make certain investment choices and take certain investment strategies.. It's not only about how much a person makes on any one investment, but how such an investment may adequately fit the individual and/or his risk allocations in comparison to other investments that he has and accounting for cash flow, timeline, utility, viewpoint etc.

Well I see you 'pumping' bitcoin in here quite hard, sometimes three-four posts in a row, I'm just trying to balance things out.

(05-19-2016 09:54 AM)Satoshi Wrote:  Well I see you 'pumping' bitcoin in here quite hard, sometimes three-four posts in a row, I'm just trying to balance things out.

I think what I am attempting to do is called providing bitcoin related substance, content and to keep a bitcoin related discussion going, and it is my sense that sometimes RVF guys may not come across some of the sources that I provide from randomly searching google or doing some other mainstream investigations.

Yeah, of course I tend to be generally bullish about bitcoin and its future, but guys should recognize that I am just one voice of an individual, so what the fuck do I know besides just attempting to interact about the topic. Furthermore, I frequently suggest that I really don't have any ability to predict short term price directions, so I prepare my BTC holdings for either price direction with my own personal presumption that in the long term BTC prices will continue to go up (whether that turns out to be true or not, that is a gamble that I take and any guy would have to determine for himself and his circumstances).

What you seem to be doing lately seems to be purposeful attempts at being contrarian rather than attempting to add any real value. I doubt that I would call what you are doing as adding value, when they kind of border on trolling rather than discussing substantive points... but whatever, that's my sense of it...

I will grant that a few of your recent posts had some bitcoin related substance contained therein, and to that extent, I attempted to respond to such substance from my point of view.. and anyone is welcome to respond back or add to the extent anyone is interested in this topic or want to provide their own spin/perspective.

To get back to a little bit of Bitcoin related substance, I found the below linked article to be interesting and somewhat relevant to various recent discussions in the bitcoin scene regarding whether some other cryptocurrency could either take over bitcoin's market share or compete with bitcoin in any meaningful way.

https://bitcoinmagazine.com/articles/fea...1463675591

In essence, the article discusses that through various mechanisms, a lot of alt coin features or even everything related to the alt coin will likely be absorbed into bitcoin. A lot of this remains planning into the future, yet many folks who have been monitoring the bitcoin scene for a while recognize that Bitcoin's Proof of Work (POW) and largely decentralized computing power is capable of securing a tremendous amount of data and value, and ongoing attacks on bitcoin demonstrate the robustness and security of such bitcoin infrastructure (and your coins, if you have any).

On the other hand, if for some reason down the road, it appears that Bitcoin's decentralized computing power is being diverted towards the security and mining of some other crypto coin, bitcoin holders can either diversify into that other coin or completely transfer over to that other coin.... Some argue a transfer over to ETH at the moment is taking place, but really that is a lot of hype and fluff because ETH should be recognized as having no meaningful way of taking bitcoin's place and ETH largely is able to be pumped so extensively and currently because of bitcoin and because of bitcoin's prior success.... the ETH pump is not likely to end nicely, but we will see how it plays out, and surely there remains value in a lot of these other coins and various ways that bitcoin players can learn from such alt coin developments and experiences.