It almost seems like we gotta be due for some kind of BTC price action.

Either an upsurge or a downsurge.

We have been floating in this price arena for several weeks, at minimum, and really fairly low trade volume levels that are nothing to write home about... so I say, either direction could come about at some point soon.. but then we may be "tortured" with continuing flat for a few more weeks... haahahahahahaha- which in the end is not really a bad thing, either.

The only action in recent weeks is the ETH / ETC hard forking, and maybe some considerations about whether Bitcoin is going to be able to learn anything from that clusterfuck situation.... surely, it would not likely play out exactly the same way in bitcoin.. but could still illustrate some dangers and uncertainties, which certainly not the kind of thing that inspires investment.

(07-27-2016 03:51 PM)JayJuanGee Wrote:  It almost seems like we gotta be due for some kind of BTC price action.

Either an upsurge or a downsurge.

We have been floating in this price arena for several weeks, at minimum, and really fairly low trade volume levels that are nothing to write home about... so I say, either direction could come about at some point soon.. but then we may be "tortured" with continuing flat for a few more weeks... haahahahahahaha- which in the end is not really a bad thing, either.

The only action in recent weeks is the ETH / ETC hard forking, and maybe some considerations about whether Bitcoin is going to be able to learn anything from that clusterfuck situation.... surely, it would not likely play out exactly the same way in bitcoin.. but could still illustrate some dangers and uncertainties, which certainly not the kind of thing that inspires investment.

Here's a linked article that kind of adds to my earlier points regarding possibilities to learn what NOT to do, from ETH's seemingly stupid-ass "consensus" to contentiously hardfork.

http://www.reddit.com/r/Bitcoin/comments...ppreciate/

Whether these kind of issues denigrate the whole crypto space or not is still to be determined. My sense is that in the longer term bitcoin will be more recognized as valuable because of these kinds of crazy-ass ETH shenanigans.

The latest estimations seem to be that either one or the another ETF will be approved for Bitcoin by the beginning of 2017, actually, possibly even late 2016.


The below article kind of sums up the situation.

http://www.wealthprofessional.ca/news/et...11198.aspx

(07-20-2016 03:46 PM)JayJuanGee Wrote:  

(07-20-2016 03:37 PM)Isaac Jordan Wrote:  I watched a 2015 documentary last night called "Bitcoin: The End of Money As We Know It".

It was short (~1 hour) and definitely biased in a positive way towards bitcoin, but still very informative, even to someone like myself who's pretty familiar with the technology.

It doesn't delve too much into the technical details, but explains things at a high, easily-understandable level. The beginning twenty minutes or so provide an abridged history of money itself, and I especially enjoyed the explanation of the modern day financial system and how fractional reserve banking works.

Definitely a great way to introduce friends or family to bitcoin, if they're unwilling to read a book like Digital Gold.

You can rent or buy the movie on Amazon, but it's easy enough to find a free version floating around online if you're so inclined.

Here's the trailer:

Thanks for pointing those out, they both seem to be really good bitcoin related resources.

Funny that no one had posted either of them previously.

Actually, I was able to come across a free and available link to the above movie that, so far, guys can watch the full movie (which is one hour) for free.


https://www.youtube.com/watch?v=zdU4E8a3wVQ

So after the ethereum hard fork mess, I guess we can cross off the possibility of anyone sane wanting to hardfork Bitcoin.

(07-28-2016 09:15 PM)BBinger Wrote:  So after the ethereum hard fork mess, I guess we can cross off the possibility of anyone sane wanting to hardfork Bitcoin.

I recall last fall that you were suggesting that chances for a Bitcoin hardfork were becoming greater and greater, and us bitcoin HODLers needed to prepare ourselves for such increasing likelihood of a hardfork. hahahaha.. times have changed a bit, no?


Yes, I agree that this Ethereum hardfork fiasco definitely lends evidence to some gambling that bitcoin should not want to employ -

I believe that I read somewhere that before the hardfork, Ethereum had achieve something close to 80% consensus that a hardfork would be the best direction...

In that regard, they kind of disregarded the 20% that were not in agreement, which causes even more momentum for defectors and really justifies that consensus needs to be a hell-of-a-lot higher than 80%-ish in order that dissension is way too small to gain any kind of meaningful momentum..

In this case, ETC, has a fairly reasonable position to at least hold its own for a while and maybe even to continue to gain support, and may successfully receive more and more material and important defections in the coming months.

Even though there are considerable material differences between Ethereum and bitcoin, this ETH hardfork and the ETC dissension is kind of playing out in similar ways as was projected that Bitcoin Core folks were arguing that Bitcoin did not want to experience.. now we see it and we study it and hopefully we learn some lessons.

Sure there are ongoing concerns in bitcoin about mining and whether miners can pool together and disrupt bitcoin, and surely if there is colluding from miners, then bitcoin becomes more vulnerable.


https://www.cryptocoinsnews.com/research...51-attack/

It looks like I got about 10 months of decent BTC/USD free trading on Uphold, but now they are changing their fees.. actually increasing their BTC/USD trading fees from 0% to .45%, beginning August 1... in a couple of days.


https://uphold.com/en/blog/posts/uphold/...-structure


All good things must come to an end?


Take advantage of what you can while you can, because it may not be in the future?

(07-29-2016 09:34 PM)JayJuanGee Wrote:  It looks like I got about 10 months of decent BTC/USD free trading on Uphold, but now they are changing their fees.. actually increasing their BTC/USD trading fees from 0% to .45%, beginning August 1... in a couple of days.


https://uphold.com/en/blog/posts/uphold/...-structure


All good things must come to an end?


Take advantage of what you can while you can, because it may not be in the future?

I have had some back and forth e-mailing with Uphold support regarding the above described matter, and it appears everything that I said above is true, so this prompts me in a couple of ways.

1) look around at what I am doing with various exchanges that I already use and to figure out if there are going to be better ways to use those services that I already use in order to account for my using Uphold less.. the fees kind of vary between .1% and .25% on other services, but on GDAX, can get 0% on maker fees (that is presetting or stacking the orders)

2) look around to see if there are some other exchanges or services similar to Uphold in which I can get 0% fees for trading or something close to that (of course there is always the consideration regarding security of bitcoin, so I would not want to go with a service that has 0% fees, but it is so rinky dink in size that there are questions regarding whether they are going to run off with my coins - which is also a risk with non-rinky dink services.

(07-25-2016 11:34 PM)JayJuanGee Wrote:  

(07-25-2016 12:29 PM)JayJuanGee Wrote:  Interesting ruling in favor of bitcoin, when guy was charged as a money lauderer for merely selling $1,500 in bitcoins.

http://www.miamiherald.com/news/local/cr...82102.html

Quote:
But Miami-Dade Circuit Judge Teresa Mary Pooler ruled that Bitcoin was not backed by any government or bank, and was not “tangible wealth” and “cannot be hidden under a mattress like cash and gold bars.”

Quote:“The court is not an expert in economics, however, it is very clear, even to someone with limited knowledge in the area, the Bitcoin has a long way to go before it the equivalent of money,” Pooler wrote in an eight-page order.

Below is another article that kind of supplements my earlier link.

Apparently part of the sentence of the guy was that he needs to teach police about bitcoin, and I would be interested in seeing what kind of session he develops that would be acceptable to the court.

http://www.reddit.com/r/Bitcoin/comments...ust_teach/

Here's another article on the Judge Pooler matter in Florida, in which there is additional highlighting of the spurned discussions regarding whether bitcoin should be considered as a currency, commodity and/or an asset - as seems to be disagreement and potential contradiction between various governmental agencies regarding what is bitcoin, exactly and in what context.



http://www.newsbtc.com/2016/07/30/judge-...ns-status/

Did you consider starting your own bitcoin thread JJG? Where you can post all interesting links you find. Guys might hesitate to post/discuss in here, when you spam like this.

(07-31-2016 12:22 PM)Satoshi Wrote:  Did you consider starting your own bitcoin thread JJG? Where you can post all interesting links you find. Guys might hesitate to post/discuss in here, when you spam like this.

Seems like this remains the most appropriate RVF thread for my bitcoin related posts, whether my posts are about bitcoin news or other bitcoin related content. I don't see any real preference to start another thread for such posts.. in fact creating another thread seems to make little sense. In this regard, you may want to look up the meaning of spam.

It's up to the opinion of RVF guys whether they feel disinclined to post in this thread regarding any bitcoin related topic, whether that is responding to a topic that I raise or any bitcoin related topic that they want to present.

Did you have something that you wanted to write about bitcoin here in this thread? Anyone certainly could look at your recent posts in this thread (especially subsequently around the time that you seemed to have become more butt hurt by selling all your bitcoins nearly a year ago in the mid $200 price territory and preaching bitcoin's doom and gloom at that time). Accordingly from your posts in this thread, we could verify that a large number of your especially recent post in this thread are questionably topical nor substantive about bitcoin.

Even though I continue to suggest that you are butt hurt about bitcoin, your continuing whiney actions also seem to support the arrival at such a conclusion that you remain in a state of bitcoin butt hurt.

Is your bitcoin butthurtedness a bitcoin topic? Could be that some folks are in fact bitcoin butthurt, just like you, so it probably is not a real problem is they were to raise such a topic in this thread, so long as they can kind of stay on the topic of bitcoin...

If you would like to point out any of my posts in this thread that you believe are either dissuading guys from posting in this thread or that you believe are not related to bitcoin, then feel free; however the topic of my posts in this thread that you raise (which seems to be more about frequency of my posts in this thread rather than substance) seems a bit off topic and potentially could dissuade guys from engaging in bitcoin related discussions in this thread. Accordingly, maybe we should limit those self-analysis kinds of discussions - or - you may prefer to report those kinds of supposedly existing posts and/or make arguments about such butthurtness of yours to RVF admin, no?

(07-31-2016 01:17 PM)JayJuanGee Wrote:  Did you have something that you wanted to write about bitcoin, here in this thread? Anyone certainly could look at your recent posts in this thread (especially subsequently around the time that you seemed to have become more butt hurt by getting out of bitcoin in the mid $200 price territory) and verify that a large number of your especially recent post in this thread are questionably topical nor substantive about bitcoin. Even though I continue to suggest that you are butt hurt about bitcoin, your continuing whiney actions also seem to support the arrival at such a conclusion that you remain bitcoin butt hurt.

Is that a bitcoin topic? Could be that some folks are in fact bitcoin butthurt, just like you.

You should stop writing this. I sold a few coins at $270, which I'd bought a few weeks or perhaps months earlier at $220. The rest of my bitcoins I've traded for another coin, which has since then increased between three to fifteen times in value, (compared to bitcoin, dollar profit is even better) depending on how you look at it. Hence I'm not butt hurt at all. I've made good profit, much more than if I were to stay in bitcoin.

Why don't you tell the story about you buying your first BTC at $1000+ instead? And since then been buying more to lower your average buy in price. Perhaps getting a bit over invested, involving both your mother and girlfriend.

(07-31-2016 01:44 PM)Satoshi Wrote:  You should stop writing this. I sold a few coins at $270, which I'd bought a few weeks or perhaps months earlier at $220. The rest of my bitcoins I've traded for another coin, which has since then increased between three to fifteen times in value, (compared to bitcoin, dollar profit is even better) depending on how you look at it. Hence I'm not butt hurt at all. I've made good profit, much more than if I were to stay in bitcoin.

Your actions seem to speak louder than any details in support of your being bitcoin butthurt. There are a lot of interesting things going on in the bitcoin space, but you frequently seem to come into this thread and raise other topics or engage in some other nonsubstantive comments that come off as whining for the sake of whining. So if you are not butt hurt, maybe you could figure out some better ways to stay on topic without seeming to bring in so much negative emotions. In the end, that is your choice though regarding how you act, but guys such as me, can come to whatever conclusions we deem reasonable about such ongoing whiney behaviors of yours.

(07-31-2016 01:44 PM)Satoshi Wrote:  Why don't you tell the story about you buying your first BTC at $1000+ instead?

I've told this story plenty of times in this thread, so why repeat it? I bought my first 1.24 BTC at $1,200, and I devised a dollar cost averaging practice from there. Initially my investment time horizon was considered 1-2 years and my allocated budget for investing was for the first 6 months. I have been investing in bitcoin, tweaking and revising my strategies ever since, and on an ongoing basis, including in this thread, posting about such ongoing strategies.

What is it about my $1,200 purchase that makes you so exited? think about that.

(07-31-2016 01:44 PM)Satoshi Wrote:  And since then been buying more to lower your average buy in price.

It is called having a plan that is quite common in investing circles, and I have been a sort of advocate here in this thread of such dollar cost averaging and the employment of whatever hybrid version of such strategy that works for guys. I believe that DCA strategy is preferable to investing balls to the walls and other strategies that seem more like gambling, but sure over the years there have been quite a few guys that advocate the balls to the walls type strategies or some strategy that is between DCA and balls to the walls. In the end, the strategy likely does not matter as much as the fact that the guy attempts to tailor a strategy for himself that he believes will work for his circumstances.

(07-31-2016 01:44 PM)Satoshi Wrote:  Perhaps getting a bit over invested,

Yes, perhaps you are presuming too much... because I always invested quite a large portion of my investment related funds into bitcoin (once I devised strategies and over a timeline since November 2013), but I also did not invest any money that I needed in the short term for living expenses or otherwise. Accordingly, I would not describe that as "over invested"

(07-31-2016 01:44 PM)Satoshi Wrote:  involving both your mother and girlfriend.

Over the years, I have involved in bitcoin whoever I believe may be interested. Actually, I did not really say too much to folks until BTC prices had gone down into the $500s in late 2014, and then I began to advocate a bit more about bitcoin with folks that I knew when BTC prices went into the upper $300s I will admit that in late 2014 when prices had gone into the upper $300s and stayed there for a while, around the time of one of the US Marshall auctions, I was pretty confident that the bottom was in (but I was wrong).

Anyhow, many of us should know by now, that when people make investments, they make such investments on their own risk, so in the end their choice to invest in BTC is their choice, and who gives a fuck if I informed them about such. These are not kids, they are adults who can make decisions for themselves regarding their investment choices.

(07-31-2016 01:44 PM)Satoshi Wrote:  

Yes, you do seem to believe that you are pointing out some funny and damning facts, but really, I don't consider this as some kind of competition regarding one person being right and another person being wrong.. but this is a bitcoin related thread, no?

Currently a very negative article regarding Coinbase, and questions regarding its solvency.


https://bitflikz.com/blogs/news/critical...-insolvent

I suggested that you open your own thread, perhaps a blog, where you can post whatever interesting links you find and you're respond to that is calling me butt hurt. Let me get this clear; I'm overall very happy with the crypto currencies trades I've done. I got some money to fall back on and I've had lots of fun for the coins I've already earned.

If you think my advice is bad and you want to keep this thread to post links about discussions which barley changed at all in the last four years the well, go ahead.
You who've spent so much time reading and writing about bitcoin should know that it doesn't matter what the government thinks about bitcoin.

Funny thing is, it might be my coins you bought in 2013. Must admit though, I regret I didn't sell more back then before the bubble popped.

(07-31-2016 02:38 PM)Satoshi Wrote:  I suggested that you open your own thread, perhaps a blog, where you can post whatever interesting links you find and you're respond to that is calling me butt hurt. Let me get this clear; I'm overall very happy with the crypto currencies trades I've done. I got some money to fall back on and I've had lots of fun for the coins I've already earned.

Yeah... A thread about whether Satoshi butt hurt may be a decent idea, except nobody really gives a ratt's ass about such topic except sensitive Satoshi. So probably, just good enough to include that subtopic in this thread rather than creating a whole new thread.

(07-31-2016 02:38 PM)Satoshi Wrote:  If you think my advice is bad and you want to keep this thread to post links about discussions which barley changed at all in the last four years the well, go ahead.

I've been involved in Bitcoin for a little less than 3 years and sure some aspects are the same, but at the same time, quite a bit has changed, too. There are constant ongoing developments in the bitcoin space, and surely sometimes some of those developments in bitcoinlandia are related to developments in other crypto areas.

If you continue to believe that nothing is happening in bitcoin, then you are free to have your own perspective, and maybe some folks might agree with you? I don't.

(07-31-2016 02:38 PM)Satoshi Wrote:  You who've spent so much time reading and writing about bitcoin should know that it doesn't matter what the government thinks about bitcoin.

I agree that I have spent a lot of time reading and writing about bitcoin, but I certainly don't know everything, and sometimes, I believe that I don't know too much.

Regarding the government, there are a lot of governments, and there are mixed views that are continuing to evolve regarding governmental agencies perspectives.

And, even if bitcoin is immutable and decentralized and censorship resistant, bitcoin does not exist in a vacuum. There are interfaces with other systems, and what various governments think is relevant to the space... and even more so on the interface with fiat systems level.

(07-31-2016 02:38 PM)Satoshi Wrote:  Funny thing is, it might be my coins you bought in 2013. Must admit though, I regret I didn't sell more back then before the bubble popped.

Look at you attempting to retroactively act as if you have been some kind of wise man in respect to bitcoin trading. I have been quite charitable to your various lack of knowledge in a large number of areas, including bitcoin and including some of your stupid ass posts in terms of some of your relationship ideas, but hey, now you are the wise one in respect to bitcoin. right. go figure.

You know that you can have whatever perspective that you want in regards to the forum and whether you feel like you need to compete with guys here, including myself, but in the end, I have no problem finding knowledge with others, even when they are frequently digressing into stupid and emotional zone, as seems to be some of your recent motivations in this thread.

In the end, it should be that guys here can attempt to find some value, to brainstorm and to figure out a path that is personally good for ourselves in respect to our bitcoin investing, or not.

(07-31-2016 03:04 PM)JayJuanGee Wrote:  Yeah... A thread about whether Satoshi butt hurt may be a decent idea, except nobody really gives a ratt's ass about such topic except sensitive Satoshi. So probably, just good enough to include that subtopic in this thread rather than creating a whole new thread.

Childish you are.

(07-31-2016 03:04 PM)JayJuanGee Wrote:  I agree that I have spent a lot of time reading and writing about bitcoin, but I certainly don't know everything, and sometimes, I believe that I don't know too much.

(07-31-2016 03:04 PM)JayJuanGee Wrote:  In the end, it should be that guys here can attempt to find some value, to brainstorm and to figure out a path that is personally good for ourselves in respect to our bitcoin investing, or not.

Except you're brainstorming with yourself. When 80% of the post is from you, and when your post on average consists of five times as many words as any other poster it's no longer a discussion. Hence I suggest that you open your own thread, or even better a blog, where you could rant along all day and perhaps bitcoin discussion would increase in here, when one single poster isn't taking up an extrem amount of space.

Reading all your post including links in this thread requires a few hours a week, at least. I think not many (any) guys would dedicate the time for that since your post or the links included in your post is usually quite low in quality.

(07-31-2016 04:36 PM)Satoshi Wrote:  

(07-31-2016 03:04 PM)JayJuanGee Wrote:  Yeah... A thread about whether Satoshi butt hurt may be a decent idea, except nobody really gives a ratt's ass about such topic except sensitive Satoshi. So probably, just good enough to include that subtopic in this thread rather than creating a whole new thread.

Childish you are.

(07-31-2016 03:04 PM)JayJuanGee Wrote:  I agree that I have spent a lot of time reading and writing about bitcoin, but I certainly don't know everything, and sometimes, I believe that I don't know too much.

(07-31-2016 03:04 PM)JayJuanGee Wrote:  In the end, it should be that guys here can attempt to find some value, to brainstorm and to figure out a path that is personally good for ourselves in respect to our bitcoin investing, or not.

Except you're brainstorming with yourself. When 80% of the post is from you, and when your post on average consists of five times as many words as any other poster it's no longer a discussion. Hence I suggest that you open your own thread, or even better a blog, where you could rant along all day and perhaps bitcoin discussion would increase in here, when one single poster isn't taking up an extrem amount of space.

Reading all your post including links in this thread requires a few hours a week, at least. I think not many (any) guys would dedicate the time for that since your post or the links included in your post is usually quite low in quality.

You are repeating yourself. The resolution that you have proposed has already been addressed several times and rejected... and your continuing on and on about this new attack angle of yours does not seem to be adding anything whatsoever, except for maybe just an additional form of trolling and distraction... about some personal topic.. which you should feel free to PM me regarding your ongoing desire to discuss with me personal rather than topics related to this thread.

So, when exactly are you going to post something substantive about bitcoin, rather than continuing to post about your mere dislike of my posting in this thread?

Do you have anything at all to say about bitcoin or a bitcoin related topic that may be helpful for the consideration of guys here?

Ahhh man, don't ever change, you guys... *wiping tears of laughter away*

I have some BTC in Coinbase and seeing they might be unstable where should I move them?

(07-31-2016 05:49 PM)username Wrote:  I have some BTC in Coinbase and seeing they might be unstable where should I move them?

I personally find blockchain.info to be a good place to hold some coins.

In another thread Booshala had recommended Jaxx.. maybe he could speak more to that?

https://www.rooshvforum.com/thread-32992...pid1362731

I know some other guys have used mycellium and trezor and ledger, but I have not used any of those other wallets, yet.

Coinbase is definitely a big institution, and there seems to be a quite a bit of press recently that they could be in the early stages of a possible run on the bank, yet I still have a hard time believing that an entity as large as coinbase would screw up (and not cover their funds) and/or attempt to run away with folk's bitcoins... but it may be better to move some of the coins away from their holdings, especially, if you are not using their exchange or otherwise have a reason to keep your coins there.

I used to have a large majority of my coins with them, but in about the past year, I had been spreading out my coins a bit, and currently, I only have about 15% of my bitcoin's with them. Since, I am currently using the GDAX exchange... I am not sure if I will lessen some of my exposure or, at least maybe I will wait and see a bit before taking any further action (which could be too late, if there really is a shortage of coins)..

There may be a bit of an overhype of the solvency of Coinbase.


Surely, Coinbase is not going to inform folks if they happen to be running away with everyone's coins, yet their status page concedes that there were issues processing outbound transactions, but asserts that currently processing is back to normal.

https://status.coinbase.com/

(07-31-2016 05:49 PM)username Wrote:  I have some BTC in Coinbase and seeing they might be unstable where should I move them?

Cashing out is the best choice at this time IMO

(08-01-2016 02:37 AM)GlobalMan Wrote:  

(07-31-2016 05:49 PM)username Wrote:  I have some BTC in Coinbase and seeing they might be unstable where should I move them?

Cashing out is the best choice at this time IMO

O.k. Globalman, how do you arrive at such a bitcoin bearish suggestion? Are you suggesting to put such money in a bank or somewhere else? Is this suggestion just for username or for everyone who happens to have bitcoins?

if you are suggesting to sell all or most of a guy's BTC, are you suggesting any time or circumstances in which a guy should consider buying back into BTC?

what kind of probability are you predicting that bitcoin will go down from here and by how much 10% or some other amount? You realize that BTC just came down about 5% in a day.. well anyway, maybe we could assume that you understand the context or would that be assuming too much.

What about bitcoin prices stay flat for a while from here? I personally kind of doubt it, but what do you think and why?

Alternatively, what kind of probability would you assign that BTC would be going up from here, such as 5% to where it was or some other price and if you have probabilities for any of the various scenarios in this space, what is the general framework for such and what financial factors support any of these kinds of conclusions?

What's your general BTC background? Do you own BTC or have you owned BTC or any other Cryptos? or otherwise how do you have knowledge about BTC's market direction?