(04-15-2017 09:31 AM)Ray Carlton Wrote:  Unfortunately, I sold my ETH last year, otherwise I would have benefited very nicely from the up swing of the last days / week.

Did JJG trick you into this?

FYI ripple isn't decentralized.

(04-14-2017 03:41 PM)JayJuanGee Wrote:  

(04-14-2017 03:14 PM)SunW Wrote:  28 BILLION

C'mon 7 billion moar!!!

Yeah another 40% rise in BTC price and market cap does seem to be doable within the next year or so... but we also know that nothing is guaranteed in bitcoinlandia.

Also, what you going to do once the price gets there? Cannot just sit back and say that profits are all "on paper" unless you are comfortable that such a price is going to be sustainable - which it does not seem as if bitcoin's ongoing volatility is going away any time soon.

Mining now. Getting good eth (2/week) and some others.

I'm not selling btc rn. I sold some a big ago in this thread and got a few back on an alt trade but btc is in a range.

(04-15-2017 07:20 AM)Satoshi Wrote:  How about:

35 % maid
35 % eth
10 % dash
10 % monero
10 % btc

Of course I don't agree with your allocation choice, but that is for you to decide for yourself what you believe is a good allocation for your own situation and I appreciate you providing some specifics to give us some kind of idea about your current thinking.

(04-15-2017 09:31 AM)Ray Carlton Wrote:  I plan to structure my cryptocurrency invest as follows:
25 % XPR
25 % monero
20 % dash
10 % ETH
10 % btc


I am not an expert at all. However, I have done a bit research and were lucky enough to double my initial investment in BTC.

Let's be honest, no one really knows what the future will bring. When you read some older posts in other forums, you realise, there is a lot of speculation and most of it didn't happen.

I do invest in cryptocurrency longterm as I believe in the future of cryptocurrency. However, I have no idea, which cryptocurrency will be a winner at the end.

I wouldn't recommend a good friend to invest in the same way I do, because the future is just not clear enough (for me). However, the rewards, when one of the cryptocurrency I invested is skyrocketing, can be very nice.

If one crashes and goes to zero, well, I would be a bit annoyed. But it wouldn't have any major impact on my life.

Ray

Yeah, you do seem a bit highly allocated in alts and low allocation in BTC, but like I mentioned to Satoshi that is for you do decide what you believe works for you, your finances, your risk proclivities and other parts of your perspective.

(04-15-2017 09:50 AM)Satoshi Wrote:  

(04-15-2017 09:31 AM)Ray Carlton Wrote:  Unfortunately, I sold my ETH last year, otherwise I would have benefited very nicely from the up swing of the last days / week.

Did JJG trick you into this?

FYI ripple isn't decentralized.

I am aware of the fact that Ripple isn't decentralized. I understand this is not in the vision of cryptocurrencies.

But is this really an issue and can't be an advantage?

(04-15-2017 10:51 AM)JayJuanGee Wrote:  Yeah, you do seem a bit highly allocated in alts and low allocation in BTC, but like I mentioned to Satoshi that is for you do decide what you believe works for you, your finances, your risk proclivities and other parts of your perspective.

To have a high percentage of alts is probably a good idea when BTC dominance is sinking like a rock.

(04-15-2017 01:26 PM)Satoshi Wrote:  

(04-15-2017 10:51 AM)JayJuanGee Wrote:  Yeah, you do seem a bit highly allocated in alts and low allocation in BTC, but like I mentioned to Satoshi that is for you do decide what you believe works for you, your finances, your risk proclivities and other parts of your perspective.

To have a high percentage of alts is probably a good idea when BTC dominance is sinking like a rock.

These allocations are personal choices, and sure we can suggest various kinds of allocations for RVF guys and provide our own experiences and perspectives, but in the end, guys gotta choose for themselves, and I can surely make my opinion known.. just like you can.

Personally, I continue to think that you are coming off as a bit conclusionary, non-factual and argumentative when you continue to attempt to suggest that supposed "dominance" of BTC is either falling or that supposed "dominance" should serve as a significant factor that should affect crypto allocation(s) in any kind of grand way.

Also, one of your wrong and ongoing assumptions seems to be that bitcoin is broken or defective or deficient. Some of the aspects of bitcoin that you describe as broken and deficiencies are actually bitcoin features rather than bugs.

The fact of the matter seems to be that the whole fucking crypto space (and market cap is growing).

Yes, there has been about 30% volatility in Bitcoin during 2017, yet Bitcoin has been running at all time high daily weighted averages for the whole of 2017.. whether that is toppie or whether that is due for a correction, it is hardly any kind of sign that bitcoin is some kind of dying or broken system, as you seem to want to assert in an ongoing basis with little facts or logic to support such assertions beyond the fact that there are some BIG ASS whiners in the bitcoin space - such as Roger Ver and Jihan Woo and few of these other big blocker bitcoin naysayers and/or alt coin pumpers who in an ongoing way want to argue the death of bitcoin for varying non-factual and seemingly emotional reasons.

Didn't you see the chart I posted a few pages ago? Or the statistics I just reposted in post #93093?

(04-15-2017 02:13 PM)Satoshi Wrote:  Didn't you see the chart I posted a few pages ago? Or the statistics I just reposted in post #93093?

You may want to reiterate such posts, charts and data that you believe backs up your assertions.

When you make various arguments there can be some value to charts, and conclusions but they also have context and weight, and people can have differing opinions about how much significance to assign to various facts or factors or logic.

Sometimes we might find that we agree about the facts but we disagree about either the logic or the conclusions.

So, for example, if you assert that bitcoin is losing dominance or if you assert that the whole crypto space is gaining market share, people may come to differing conclusions about the significance of those facts or which way to look at the facts in order to come to their conclusion(s).

Also, we know that past performance does not guarantee future results, yet past performance can help us to understand dynamics and to arrive at reasonable predictions regarding what we believe to be possible or likely future scenarios.

(04-15-2017 09:31 AM)Ray Carlton Wrote:  ETH ($47.85 at the time of writing)
Dash ($71.99960108)
Monero ($21.13885920)
Bitcoin ($1182.79)
XPR / Ripple ($0.033503)

I plan to structure my cryptocurrency invest as follows:
25 % XPR
25 % monero
20 % dash
10 % ETH
10 % btc

Good mix and good thoughts. I dollar-cost-average a few of those.

(04-15-2017 04:16 PM)SunW Wrote:  

(04-15-2017 09:31 AM)Ray Carlton Wrote:  ETH ($47.85 at the time of writing)
Dash ($71.99960108)
Monero ($21.13885920)
Bitcoin ($1182.79)
XPR / Ripple ($0.033503)

I plan to structure my cryptocurrency invest as follows:
25 % XPR
25 % monero
20 % dash
10 % ETH
10 % btc

Good mix and good thoughts. I dollar-cost-average a few of those.

Yes... dollar cost averaging can be a decent strategy for any longer term investment... even if that "long term" is only 6 months.

So, once you establish your ratios, you can initially invest in those proportions, and then on a regular basis keep investing in those proportions - however, over time, even a short period of time, the actual amount invested and the ratios can become quite skewed (and screwed up) in terms of the then allocation. Therefore, sometimes, guys have to decide to reallocate or to rethink their thinking... in terms of how much to allocate in the future or to rebalance to bring it back to previous levels (in the event that the allocation thinking stays the same over time - which is probably not too likely if you invest in a bunch of alts that will tend to have a lot of stuff going on within a very short period of time).

BTC dominance is dropping like a rock

Edit: but JJG I guess doesn't give a rat's ass

(04-16-2017 02:19 AM)Satoshi Wrote:  


BTC dominance is dropping like a rock

Edit: but JJG I guess doesn't give a rat's ass

Well, it is pretty much true that I don't give too much of any kind of ratt's ass regarding what you are trying to assert as a material, relevant and important fact.

I get the sense that you don't really know the difference between what is a conclusion, what is logic and what are various kinds of potential persuasive forms of facts and logic that can back up conclusions.

In other words, you continue to proclaim your same assertion without backing it up in any kind of meaningful way.

The mere showing of a graph that shows that bitcoin has less of an overall market share does not really prove any of the points that you have been trying to make...

I provided facts and logic as well, but your facts and logic do not even come close to addressing my facts and logic, and I am not even sure if it is worth the time and effort to attempt to repeat my points.

A couple of my simple points were:

1) the overall crypto space market cap is growing, so even though bitcoin might have less of an overall dominant position (as you assert), it does not really matter because bitcoin is still strong within that space and brings it's own unique flavor of innovations.

2) Bitcoin has been in an upwards price projection for nearly 20 months (from mid $200s to our present price), and since the beginning of the year, it has been continuing to set all time high daily weighted averages, and this is a kind of unprecedented phenomenon in bitcoin's history that seems to show bitcoin's strength and not it's weakness.

Anyhow, your simplified graph and lack of explanation does not even seem to engage or interact regarding these two points, and probably I could come up with more points, too, but it seems to be a waste of time when you just repeat simple baloney with out really backing it up with explanation nor attempting to engage in any kind of substantive and meaningful way..

(04-14-2017 01:42 PM)JayJuanGee Wrote:  

(04-14-2017 02:19 AM)JayJuanGee Wrote:  

(04-12-2017 04:32 PM)account844 Wrote:  

(04-11-2017 02:52 PM)JayJuanGee Wrote:  Anyone feeling it?

Feeling topped out, yet?

Not this cat.

I'm still sticking with my earlier suggestion that getting passed $1,200 is an upwards sign - and likely next resistance point in the mid $1300s, and the price action of the past few days is causing some additional confidence that we are experiencing ongoing decent support at $1,200.. and that we are sufficiently getting past that price point...

You know the saying that previous resistance levels turns into support (once past it)?

In my opinion the upward momentum is slowing and we're very close to a downwards correction before more solid continuation upwards - I would say that $1100 is reached next before $1300, although I only trade on short time frames and don't trade on such a long term.

Something for intraday trading for me is the VWAP. This plays out a lot on traditional instruments, and also for Bitcoin - but it's important to know when to judge the safe reversible point to the VWAP.

Another thing, account844, when you consider the volume matter, and this most recent forced dip from $1210 to $1141 - when you look at the volume in the past 12 to 24 hours, including the dip, such dip was accomplished on relatively mediocre volume - which is seeming to me that a serious dump or a serious dip has not yet begun - which either means that the real bearwhales are not quite ready for the price to go down... in other words, my tentative thinking is that the price battle has not yet begun..

I don't know.

Sure it is possible that we could be in a kind of fake out (which is also known as a bull trap), but I don't know - I am still getting a sense that we could still be on our way up... but we gotta see, again, if we return above $1200 - maybe the $1,210 arena... ?

My point is that the volume of the pump or the dump has to be a bit greater of a number for me to really think that it is serious and that a price battle has actually commenced and in this case that we would be reversing from UP to DOWN... but such reversal does not seem to be the case - which could mean that this was kind of baby renegade dip - and the real bearwhales have not joined in... because they want more up from here.. rather than down...


let's see? another 24 hours? maybe weekend action?

Edit: By the way - between $1188 and $1190 as I type this.

I think that BTC trading strangeness of the past 10 hours or more has been kind of supporting my theory that there are several Bearwhales who are not on the same page regarding whether BTC's price should go up or should go down - they are not sharing memos.

So, yeah, could be the beginning of a meaningful price battle. We have significant dumps going on through Bitstamp, and we have pumps going on through Bitfinex.

I was starting to think that meant we are probably going up, but the longer that the dumps occur on Stamp is going to begin to cause me to think that maybe Stamp is going to lead the way and the other exchanges will follow. Sure I am torn about this because it is not easy to know what is going to happen while in the middle of it. However, afterwards we can come back and explain what happened because we will have more information at that subsequent point in time.

I don't know how long it is going to take to resolve this ongoing situation of the bearwhale(s) on Stamp continuing to dump, and none of the other exchanges seem to be following.

In the last couple of days, we have had several dumps bring the price from the $1180s to the lower $1160s and then a couple times to the lower $1140s and then twice (in the past 4 hours ) to the lower $1150s .

It's like everyone else is continuing to ignore the Stamp dumps, and maybe the bearwhale on Stamp happens to be much too small - and if such bearwhale was bigger (s/he) could put some coins on other exchanges and coordinate such a dump in order that other exchanges might follow. In the meantime, such Stamp bearwhale is likely losing a lot of money, if no one is following or if no one follows in the end.

In the end, I do not know what is going to happen, because sometimes such dumps seem to be unsuccessful, at first, but in the end, they result in the rest of the market to follow... a kind of continued eating a way at support.. but if no one else agrees, then sometimes it just emboldens buyers to buy, the stamp dumps lose credibility and the buyers end up pushing the price upwards.

I remain a bit torn in my thinking about which way the whole market will end up going in the short term, but I also remain a bit inclined to consider this matter as resolving against the Bitstamp whale.. which means we are going to go up - at least in terms of the Stampwhale getting on board with the rest of the exchanges..

Contrary readings of the short-term situation, anyone?

(04-16-2017 02:59 AM)JayJuanGee Wrote:  Well, it is pretty much true that I don't give too much of any kind of ratt's ass regarding what you are trying to assert as a material, relevant and important fact.

I get the sense that you don't really know the difference between what is a conclusion, what is logic and what are various kinds of potential persuasive forms of facts and logic that can back up conclusions.

In other words, you continue to proclaim your same assertion without backing it up in any kind of meaningful way.

The mere showing of a graph that shows that bitcoin has less of an overall market share does not really prove any of the points that you have been trying to make...

I provided facts and logic as well, but your facts and logic do not even come close to addressing my facts and logic, and I am not even sure if it is worth the time and effort to attempt to repeat my points.

A couple of my simple points were:

1) the overall crypto space market cap is growing, so even though bitcoin might have less of an overall dominant position (as you assert), it does not really matter because bitcoin is still strong within that space and brings it's own unique flavor of innovations.

2) Bitcoin has been in an upwards price projection for nearly 20 months (from mid $200s to our present price), and since the beginning of the year, it has been continuing to set all time high daily weighted averages, and this is a kind of unprecedented phenomenon in bitcoin's history that seems to show bitcoin's strength and not it's weakness.

Anyhow, your simplified graph and lack of explanation does not even seem to engage or interact regarding these two points, and probably I could come up with more points, too, but it seems to be a waste of time when you just repeat simple baloney with out really backing it up with explanation nor attempting to engage in any kind of substantive and meaningful way..

You discourage members from alts and encourage them to buy bitcoin even though there is evidence, which I have backed up with both graphs and statistics, that bitcoin is under performing compared to alts, and have done so for over 20 months, during this whole time when you have discouraged members from buying those same alts. And the trend seems to be solid, bitcoin is continuing losing market shares, and it does not seem like anything is going to stop the fall. That chart does say a lot. Look back to your own post during this last 20 months and you'll see for yourself that you've discouraged members from buying ETH when it was valued at $1. Now it's $40+.

(04-16-2017 11:20 AM)Satoshi Wrote:  

(04-16-2017 02:59 AM)JayJuanGee Wrote:  Well, it is pretty much true that I don't give too much of any kind of ratt's ass regarding what you are trying to assert as a material, relevant and important fact.

I get the sense that you don't really know the difference between what is a conclusion, what is logic and what are various kinds of potential persuasive forms of facts and logic that can back up conclusions.

In other words, you continue to proclaim your same assertion without backing it up in any kind of meaningful way.

The mere showing of a graph that shows that bitcoin has less of an overall market share does not really prove any of the points that you have been trying to make...

I provided facts and logic as well, but your facts and logic do not even come close to addressing my facts and logic, and I am not even sure if it is worth the time and effort to attempt to repeat my points.

A couple of my simple points were:

1) the overall crypto space market cap is growing, so even though bitcoin might have less of an overall dominant position (as you assert), it does not really matter because bitcoin is still strong within that space and brings it's own unique flavor of innovations.

2) Bitcoin has been in an upwards price projection for nearly 20 months (from mid $200s to our present price), and since the beginning of the year, it has been continuing to set all time high daily weighted averages, and this is a kind of unprecedented phenomenon in bitcoin's history that seems to show bitcoin's strength and not it's weakness.

Anyhow, your simplified graph and lack of explanation does not even seem to engage or interact regarding these two points, and probably I could come up with more points, too, but it seems to be a waste of time when you just repeat simple baloney with out really backing it up with explanation nor attempting to engage in any kind of substantive and meaningful way..

You discourage members from alts and encourage them to buy bitcoin

Get off your bullshit assertions that I am attempting to encourage RVF members to do anything except for figuring out their allocations for themselves, and remember this is a fucking bitcoin thread, so I talk mostly about bitcoin.

Yeah, I am not too hot about alts, but guys can choose the fuck for themselves the level of their allocation, if any.

(04-16-2017 11:20 AM)Satoshi Wrote:  even though there is evidence, which I have backed up with both graphs and statistics,

Every once in a while you might make some decent points (a stopped clock is right twice a day), but you have a tendency to provide information as conclusory rather than backing up with facts, logic and interaction about the substance of the topic or points that you are supposedly making.

(04-16-2017 11:20 AM)Satoshi Wrote:  that bitcoin is under performing compared to alts, and have done so for over 20 months, during this whole time when you have discouraged members from buying those same alts.

These points do not matter too much because in the end, guys can chose the level of their allocation. Whether we look at investments over 20 months or we look at investments over 8 years.

There are ways to talk about topics without devolving into dick size manners of approaching the matter. Whether guys chose to put 10% or less into bitcoin or 95% or more into bitcoin ends up being a mixture of concerns that they might have and in their way of approaching the matter.

At least in your earlier post, you suggested 10% in bitcoin - but still maybe you were merely saying that because you were attempting to act like you are staying on topic.

In other words, your ongoing whining about the supposed death and/or demise of bitcoin tends to divert (and maybe even intentionally so, like the goals of a troll rather than the goals of someone who really wants to discuss substance) from substantive discussion more than either inform or attempt to interact in a meaningful way about your supposed negative feelings about bitcoin.

(04-16-2017 11:20 AM)Satoshi Wrote:  And the trend seems to be solid, bitcoin is continuing losing market shares, and it does not seem like anything is going to stop the fall.

Could be true that bitcoin will continue to lose overall market share to other cryptos. Who the fuck cares? Even if that is an actual fact, we gotta look at other facts, too, rather than attempting to decide what we are going to do based on one indicator and one possible trendline on one indicator.

O.k. in the end, I appreciate that some guys (maybe including yourself) want to give a lot more weight to that one indicator, and that is fine for them to make those choices and priorities.. and it is also fine for me to discuss a variety of other factors and even to discount what I believe to be either a misleading indicator or an indicator that deserves a whole hell of a lot less weight than you want to give it in your seemingly one tracked theme of posts (regarding the supposed death and demise of bitcoin)

(04-16-2017 11:20 AM)Satoshi Wrote:  That chart does say a lot. Look back to your own post during this last 20 months and you'll see for yourself that you've discouraged members from buying ETH when it was valued at $1. Now it's $40+.

Go the fuck and talk about Ethereum somewhere else. It's all fine and dandy if you can make connections to bitcoin, and in the end, guys can do whatever the fuck they want in regards to ethereum or their allocations - which some guys - even active in this thread, seem to have done and been choosing to do - and like I repeatedly say, I don't have much good to say about Ethereum.. hahahaha... mostly because it is frequently used to make nonsense points in regards to bitcoin.. but, in the end, if RVF guys want to buy some ethereum or devote 95% of their crypto investment in Ethereum that is their choice.. but if they want to talk about Ethereum without making some kind of attempt to connect it with Bitcoin, then they should take those kinds of pumping and/or ethereum substance discussions to another thread or create their own ethereum thread.

don't get mixed up my concerns about relevant thread discussion points with whether or not I am encouraging or discouraging RVF guys about their investment choices and allocations.. .because if anything, as I continue to repeat on an ongoing basis, I would like to encourage guys to tailor their investment approach to their own situations and views... and to attempt to use threads like this or other crypto threads to help them to become more informed about the topic(s) of their investment choices.

(04-16-2017 11:13 AM)JayJuanGee Wrote:  

(04-14-2017 01:42 PM)JayJuanGee Wrote:  

(04-14-2017 02:19 AM)JayJuanGee Wrote:  

(04-12-2017 04:32 PM)account844 Wrote:  

(04-11-2017 02:52 PM)JayJuanGee Wrote:  Anyone feeling it?

Feeling topped out, yet?

Not this cat.

I'm still sticking with my earlier suggestion that getting passed $1,200 is an upwards sign - and likely next resistance point in the mid $1300s, and the price action of the past few days is causing some additional confidence that we are experiencing ongoing decent support at $1,200.. and that we are sufficiently getting past that price point...

You know the saying that previous resistance levels turns into support (once past it)?

In my opinion the upward momentum is slowing and we're very close to a downwards correction before more solid continuation upwards - I would say that $1100 is reached next before $1300, although I only trade on short time frames and don't trade on such a long term.

Something for intraday trading for me is the VWAP. This plays out a lot on traditional instruments, and also for Bitcoin - but it's important to know when to judge the safe reversible point to the VWAP.

Another thing, account844, when you consider the volume matter, and this most recent forced dip from $1210 to $1141 - when you look at the volume in the past 12 to 24 hours, including the dip, such dip was accomplished on relatively mediocre volume - which is seeming to me that a serious dump or a serious dip has not yet begun - which either means that the real bearwhales are not quite ready for the price to go down... in other words, my tentative thinking is that the price battle has not yet begun..

I don't know.

Sure it is possible that we could be in a kind of fake out (which is also known as a bull trap), but I don't know - I am still getting a sense that we could still be on our way up... but we gotta see, again, if we return above $1200 - maybe the $1,210 arena... ?

My point is that the volume of the pump or the dump has to be a bit greater of a number for me to really think that it is serious and that a price battle has actually commenced and in this case that we would be reversing from UP to DOWN... but such reversal does not seem to be the case - which could mean that this was kind of baby renegade dip - and the real bearwhales have not joined in... because they want more up from here.. rather than down...


let's see? another 24 hours? maybe weekend action?

Edit: By the way - between $1188 and $1190 as I type this.

I think that BTC trading strangeness of the past 10 hours or more has been kind of supporting my theory that there are several Bearwhales who are not on the same page regarding whether BTC's price should go up or should go down - they are not sharing memos.

So, yeah, could be the beginning of a meaningful price battle. We have significant dumps going on through Bitstamp, and we have pumps going on through Bitfinex.

I was starting to think that meant we are probably going up, but the longer that the dumps occur on Stamp is going to begin to cause me to think that maybe Stamp is going to lead the way and the other exchanges will follow. Sure I am torn about this because it is not easy to know what is going to happen while in the middle of it. However, afterwards we can come back and explain what happened because we will have more information at that subsequent point in time.

I don't know how long it is going to take to resolve this ongoing situation of the bearwhale(s) on Stamp continuing to dump, and none of the other exchanges seem to be following.

In the last couple of days, we have had several dumps bring the price from the $1180s to the lower $1160s and then a couple times to the lower $1140s and then twice (in the past 4 hours ) to the lower $1150s .

It's like everyone else is continuing to ignore the Stamp dumps, and maybe the bearwhale on Stamp happens to be much too small - and if such bearwhale was bigger (s/he) could put some coins on other exchanges and coordinate such a dump in order that other exchanges might follow. In the meantime, such Stamp bearwhale is likely losing a lot of money, if no one is following or if no one follows in the end.

In the end, I do not know what is going to happen, because sometimes such dumps seem to be unsuccessful, at first, but in the end, they result in the rest of the market to follow... a kind of continued eating a way at support.. but if no one else agrees, then sometimes it just emboldens buyers to buy, the stamp dumps lose credibility and the buyers end up pushing the price upwards.

I remain a bit torn in my thinking about which way the whole market will end up going in the short term, but I also remain a bit inclined to consider this matter as resolving against the Bitstamp whale.. which means we are going to go up - at least in terms of the Stampwhale getting on board with the rest of the exchanges..

Contrary readings of the short-term situation, anyone?

Regarding my attempt to continue to follow this above point regarding price disparities, there is some discussion bitfinex being compromised (those have no evidence); however, there is more legitimate discussions that there has been a considerable shrinkage of the ability of people to move fiat in and out of bitfinex (largely based on the dispute with wells fargo freezing bitfinex's ability to do wire transfers through them).

To the extent that bitfinex's fiat flows are not easily resolved, it may take sometime to resolve disparities in prices and of course whale manipulators are going to attempt to take advantage of this kind of uncertainty - though I would imagine that within weeks (if not sooner) bitfinex is going to resolve some of its banking matters - even though it is possible that pumps and/or dumps could occur before that time in order to attempt to continue to play on such seeming ongoing uncertainties.

(04-16-2017 11:45 AM)JayJuanGee Wrote:  Who the fuck cares?

You care enough to write thousands of word everyday. I think you give a lot of rat's ass too.

(04-16-2017 04:25 PM)Satoshi Wrote:  

(04-16-2017 11:45 AM)JayJuanGee Wrote:  Who the fuck cares?

You care enough to write thousands of word everyday. I think you give a lot of rat's ass too.

Of course, I spend a lot of time on bitcoin and bitcoin related discussions and in that sense I care, but that does not mean that I agree that you are making decent points or backing them up in decent ways when you just want to selectively quote out of context and seem to be intent on diverting the topic of this thread into non-topics.

We can have difference of opinions about the direction of bitcoin and still have meaningful interactions as long as we are attempting to talk about substance and attempting to back up our points with facts and/or logic... ..

And, yeah, we do not have to agree or be disagreeable in order to express different points and come from different perspectives..., and I am not even bothered that you are anyone else believes that bitcoin is going to fail or that BTC prices are going down.. as long as you attempt to back up your comments with something.. even if that something is merely feelings...

So go ahead and make any substantive points that you want to make if you can, and I will either express agreement or disagreement or refrain from commenting.

(04-16-2017 11:45 AM)JayJuanGee Wrote:  don't get mixed up my concerns about relevant thread discussion points with whether or not I am encouraging or discouraging RVF guys about their investment choices and allocations.. .because if anything, as I continue to repeat on an ongoing basis, I would like to encourage guys to tailor their investment approach to their own situations and views... and to attempt to use threads like this or other crypto threads to help them to become more informed about the topic(s) of their investment choices.

But if guys could just buy some bitcoins, pump the price and make you rich, it would be great!

Hey guys! Right this way, come tailor your investment approach with JJG!

(04-16-2017 05:13 PM)Satoshi Wrote:  

(04-16-2017 11:45 AM)JayJuanGee Wrote:  don't get mixed up my concerns about relevant thread discussion points with whether or not I am encouraging or discouraging RVF guys about their investment choices and allocations.. .because if anything, as I continue to repeat on an ongoing basis, I would like to encourage guys to tailor their investment approach to their own situations and views... and to attempt to use threads like this or other crypto threads to help them to become more informed about the topic(s) of their investment choices.

But if guys could just buy some bitcoins, pump the price and make you rich, it would be great!

Hey guys! Right this way, come tailor your investment approach with JJG!

Without any evidence of such, you seem to continue to engage in a kind of disingenuous conversation to fail and refuse to take me at my word that I am not trying to sell anything. It remains a bit ridiculous that I continue to repeat such, yet I would hate to be accused of admitting to any of your accusations merely for lack of response. hahahaha..

Anyhow, you continue to accuse me of doing exactly the practice and behavior that you are obviously engaging on an ongoing basis, which is attempting to pump your anti-bitcoin philosophy on other guys in this thread.

In other words, you and your behavior seems to be tied to a practice of trying to sell something and to persuade, and mine is not.

I continue to assert that I am here to share information about bitcoin (and I guess as a side-tangent, to respond to your ongoing stupid-ass and non-substantive attacks, and deviations into ridiculousness.... hahahaha).

(04-07-2017 05:25 PM)JayJuanGee Wrote:  

(04-07-2017 04:24 PM)Satoshi Wrote:  Trying to convince anyone that BTC is a safe buy at $1000+ is just nonsense, and that is exactly what you are trying to say between the lines.

By the way, if someone comes up to me today, whether it is in this thread or in the real world, and asks me if they should get into bitcoin, I will try to figure out if they want to first. I don't try to sell them.

If someone wants to get into bitcoin, and then have no bitcoin at all, then there is some need to assess their situation first. How much do they want to invest and what are there other investments. If they are not sharing information with you about their circumstances, and they just say that they want to invest, then at that point you might ask them how much would they like to invest and over what period of time and try to figure out their plan.

In any event, I frequently will suggest that guys start out with a kind of dollar cost averaging and spread their investment over a considerable period of time... maybe 6 months to a year, but give me some kind of scenario first, and then we can go from there.. in order to figure out what I am "selling," if anything.

BitFagnex no longer accepting bank deposits, and froze USD withdrawals. They withdrew their lawsuit with Wells Fago last week. Rumors are they facing solvency issues and could go under. Potentially very bad, everything could dip.

Good buying opportunity if it does....

(04-17-2017 03:35 PM)Armogan Wrote:  

(04-07-2017 05:25 PM)JayJuanGee Wrote:  

(04-07-2017 04:24 PM)Satoshi Wrote:  Trying to convince anyone that BTC is a safe buy at $1000+ is just nonsense, and that is exactly what you are trying to say between the lines.

By the way, if someone comes up to me today, whether it is in this thread or in the real world, and asks me if they should get into bitcoin, I will try to figure out if they want to first. I don't try to sell them.

If someone wants to get into bitcoin, and then have no bitcoin at all, then there is some need to assess their situation first. How much do they want to invest and what are there other investments. If they are not sharing information with you about their circumstances, and they just say that they want to invest, then at that point you might ask them how much would they like to invest and over what period of time and try to figure out their plan.

In any event, I frequently will suggest that guys start out with a kind of dollar cost averaging and spread their investment over a considerable period of time... maybe 6 months to a year, but give me some kind of scenario first, and then we can go from there.. in order to figure out what I am "selling," if anything.

BitFagnex no longer accepting bank deposits, and froze USD withdrawals. They withdrew their lawsuit with Wells Fago last week. Rumors are they facing solvency issues and could go under. Potentially very bad, everything could dip.

Good buying opportunity if it does....

O.k. It is true that Bitfinex had a lawsuit regarding wells fargo freezing withdrawals, and it pulled that lawsuit.

It is also true that bitfinex has frozen some of its deposits because their Taiwanese bank has refused to process those wire transfers.

Bitfinex is not hiding any of this and they are announcing these matters as they unfold.

https://www.bitfinex.com/posts

You "rumors" as your evidence of shenanigans - and therefore sounds like you are merely trying to spread FUD.

For a variety of reasons we could get some bitcoin price correction, and even when people play on these kinds of "rumors," but Bitfinex may be able to remedy some of the situation too....

But instead you seem to want to assume that Bitfinex is acting in bad faith or that there is some kind of bad behaviors?

Are you sure that you are not Satoshi with a second account? Hahahahahahaha.

In early August 2016, Satoshi was more than 138% confident that Bitfinex was going to run away with the 119k "hacked" bitcoins, that they were not going to recover, and bitcoin was going to fail, and he shorted bitcoin based on those beliefs... did not happen, and did not even come close to happening like he tried to get other RVF guys to join in on his bet.

Similar circumstances here. You seem to be wanting to read more malevolence into these circumstances than the evidence (or facts) will support.

The fact of the matter is that Bitfinex has been doing a very decent job of taking reasonable and innovative measures to attempt to protect its reputation.. and furthermore, there may be more realistic obstacles in terms of the geography and jurisdiction of Bitfinex (I believe that they are in Hong Kong) - that causes Bitfinex a bit more necessity to "dance" around - as compared with some other bitcoin exchanges that have been able to establish and maintain bank relationships.

In other words, given the totality of circumstances, I doubt that bitcoin prices are anymore poised for collapse than they are for continuing up... except maybe perhaps the fact that a "natural" correction might be needed since we have spent a majority of the past five months with daily weighted average prices above $1000.... so yeah, we could get a correction in bitcoin, but likely not for the Bitfinex is corrupt (and not solvent) reasons that you seem to be falsely misleading and stressing.

And, I agree with any of your suggestion (if you are making such) to buy the dips... I don't know the bottom, but buying in the lower $1,000s or anything below $1,000 is likely going to be decent. If you are expecting lower prices based on these "facts" or any of the other FUD information, you are maybe too pie in the sky. Of course, I am not waiting for those kinds of "low" prices to buy, in the event that BTC prices drop.. Largely, my BTC buy orders begin at $1,160-ish... hahahahaha... and I even have set buy orders close to $1,200 on bitfinex.. go figure?? (because I had some sell order fill on BFX in the $1,245 arena)

What are you talking about? I cannot even read all your posts anymore, they are too long, they rely on too many in unlogical assumptions, and they are too argumentative.

I simply posted facts as a PSA to my fellow RVF members and you claim I'm spreading FUD? Huh?

Let's break it down.

I said Bitfinex is not allowing deposits and freezing withdrawals. True.

The "Taiwanese banks" are their operating bank accounts, it is not limited to taiwanese customers but all customers and all fiat.

I said they withdrew their lawsuit with Wells Fargo. True
You said I'm claiming they are acting in bad faith. Where did I say that?

They could go under and it could affect all coins. It hasn't happened yet, but it's possible.

Stop arguing with everything that people post that is not rosy, peachy flowers.

(04-17-2017 06:53 PM)Armogan Wrote:  What are you talking about? I cannot even read all your posts anymore, they are too long, they rely on too many in unlogical assumptions, and they are too argumentative.

O.k. That seems to be on you, and you have raised variations of that point in your previous posts..

It seems to be that you are attempting to point fingers at me because either: 1) your comprehension difficulties or 2) your unwillingness to engage with substance.

I think that it could be more the second one, but if it were the first one, then maybe you could try harder?

(04-17-2017 06:53 PM)Armogan Wrote:  I simply posted facts as a PSA to my fellow RVF members and you claim I'm spreading FUD? Huh?

You posted some facts and in one of the ways, you characterized some of the facts by saying: "Rumors are they facing solvency issues and could go under. Potentially very bad,"

Yes... one thing is posting non-controverted facts and another thing is posting controverted facts and another thing is characterizing whatever facts that you posted (whether controverted or not). I believe that I was not contesting your facts, but instead controverting your characterization of some of the facts.

Hopefully, you can understand that there are differences between controverted facts, uncontroverted facts and characterization of facts (whether controverted or not)?

(04-17-2017 06:53 PM)Armogan Wrote:  Let's break it down.

I said Bitfinex is not allowing deposits and freezing withdrawals. True.

You said something like that, and your post speaks for itself, no? ...

In any event, Bitfinex's announcement describes the situation a bit better than your characterization in the first post, and your worse characterization in this second above sentence that leaves out some facts about the banks and the lawsuit, etc..

(04-17-2017 06:53 PM)Armogan Wrote:  The "Taiwanese banks" are their operating bank accounts, it is not limited to taiwanese customers but all customers and all fiat.

Those are new purported facts, so I don't know about that part, even though it could be true.. .maybe?

Maybe you could provide your reference for these new "facts?"

(04-17-2017 06:53 PM)Armogan Wrote:  I said they withdrew their lawsuit with Wells Fargo. True

yes.. you said that and I agreed.

(04-17-2017 06:53 PM)Armogan Wrote:  You said I'm claiming they are acting in bad faith. Where did I say that?

I did not phrase it like that, so if you are going to quibble about stupid-ass phraseology, then maybe you need to get the language correct that you are paraphrasing and/or what you are saying that I am saying?

Again.. my post speaks for itself, so it seems to get into a bit of a tangent to be recharacterizing things that were already said, unless it is relevant to some important point.

In any event:

You said: "Rumors are they facing solvency issues and could go under. Potentially very bad,"

And, I had said:

"you seem to want to assume that Bitfinex is acting in bad faith or that there is some kind of bad behaviors?"

In my post, I said other things too, so it seems that my post speaks for itself regarding what I said or did not say and how I said it, no? So, I am not sure about the purpose of saying what I said?

(04-17-2017 06:53 PM)Armogan Wrote:  They could go under and it could affect all coins. It hasn't happened yet, but it's possible.

Yes. Lots of things are possible, but some things are more possible and other things are less possible... and so I am saying that what you said is less possible because I do not think that you have sufficient facts and/or logic to back up what you said or the conclusions that you reached.

(04-17-2017 06:53 PM)Armogan Wrote:  Stop arguing with everything that people post that is not rosy, peachy flowers.

Did someone put you in charge regarding what and when RVF members can post or how they can post or whether they can be allegedly "argumentative?"

If you post something (or if someone else posts something), then I have the ability to exercise discretion regarding whether to respond or not to respond and if I chose to respond, then I retain discretion regarding how to respond. No?