In one of my earlier posts, I had made a similar point to the below point made in the reddit post - that is even a small percentage of hashing power would be very secure, even if bitcoin were to fork into two or more blockchains.


https://www.reddit.com/r/Bitcoin/comment...ould_have/


Bitcoin mining is largely premised on free-market concepts that miners are greedy - rather than political. I suppose that bitcoin could break, if the greedy premise does not win out.

https://www.reddit.com/r/Bitcoin/comment...dict_that/

I found this interesting article about BTC, says a lot on the turmoil right now.

Bitcoin

I think a good play is to ride the waves, BTC had a good month, but I see it pulling back in the next few weeks or month as there are other things in the space that will pull money out of BTC and into other things.

Vitalik just created the repository for the Casper code, PoS, this is going to be huge. ENS will be released soon, metropolis, etc. Going to be an eventful summer.

GNT is near $.10 cents as we speak. Brass will be released in May, I'm calling it now $.20 cents by July. Good time to ride the waves that are about to happen. Other people should consider the same. Money will flow out of BTC and into other things.

(04-17-2017 07:26 PM)JayJuanGee Wrote:  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?

I don't understand what you said or did not say and how you said it, or the purpose of saying what you said? Does this make sense to you; it doesn't to me either.

(04-17-2017 07:26 PM)JayJuanGee Wrote:  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?"

I got it from your link referenced above. You are my reference.

"This applies to all fiat currencies at the present time. " Straight from the article.

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

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

What? You said it right here.

(04-07-2017 05:25 PM)JayJuanGee Wrote:  You seem to want to assume that Bitfinex is acting in bad faith or that there is some kind of bad behaviors?"

You said I'm assuming Bitfinex is acting in bad faith. Can someone else chime in, am I crazy?

(04-07-2017 05:25 PM)JayJuanGee Wrote:  Did someone put you in charge regarding what and when RVF members can post.

You do this all the time.

(04-17-2017 09:58 PM)Armogan Wrote:  I found this interesting article about BTC, says a lot on the turmoil right now.

Bitcoin

Do you even know what the fuck you are talking about, or are you trolling on purpose?

Do you understand what bitcoin.com is? It is a propaganda site created by Roger Ver, and those sabatoging whiner big blockers.

By the way, a few days ago, Zoom had already posted a link to that purported PSA, and I had responded to his post.


https://www.rooshvforum.com/thread-21537...pid1549764

(04-17-2017 09:58 PM)Armogan Wrote:  I think a good play is to ride the waves, BTC had a good month, but I see it pulling back in the next few weeks or month as there are other things in the space that will pull money out of BTC and into other things.

Yeah? You, Satoshi, big blocker nutjobs and alt coin pumpers have been saying this since $200 - hoping for bitcoin to fall...

Sure, sooner or later you are going to be correct, and sooner or later bitcoin prices are going to fall, but there have been a lot of folks misled into believing the bullshit and hesitant to invest in bitcoin because they continue and continue and continue to wait for the fall in prices that does not come. Is it going down to $700 this time? or $400?

Need a better strategy than merely waiting, especially if the rocket leaves the docking station.. which is also a possibility that is not guaranteed but something to prepare in each direction.. not just one direction as a lot of you bear nutjobs have been suggesting since $200-ish.

(04-17-2017 09:58 PM)Armogan Wrote:  Vitalik just created the repository for the Casper code, PoS, this is going to be huge. ENS will be released soon, metropolis, etc. Going to be an eventful summer.

Yeah.. good luck with that... and maybe take it to another thread.

(04-17-2017 09:58 PM)Armogan Wrote:  GNT is near $.10 cents as we speak. Brass will be released in May, I'm calling it now $.20 cents by July. Good time to ride the waves that are about to happen. Other people should consider the same. Money will flow out of BTC and into other things.

Nice attempt to make your GNT pump connected to BTC...

and ditto good luck with that and take to another thread.

(04-17-2017 09:58 PM)Armogan Wrote:  

(04-17-2017 07:26 PM)JayJuanGee Wrote:  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?

I don't understand what you said or did not say and how you said it, or the purpose of saying what you said? Does this make sense to you; it doesn't to me either.

Of course, it makes sense to me, otherwise I would not have said it.

You gotta read in context rather than getting caught up on one sentence.

For example, as we grow up we become more able to grasp more concepts at once... so for example, we begin with understanding words, then phrases then sentences then paragraphs and then chapters, etc...

(04-17-2017 09:58 PM)Armogan Wrote:  

(04-17-2017 07:26 PM)JayJuanGee Wrote:  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?"

I got it from your link referenced above. You are my reference.

I do not see your new facts within the link that I had posted... especially your suggestion that all fiat is compromised.. blah blah blah.


According to the linked reference that I provided, this is what Bitfinex said on April 13:

>>>>>>>There is currently no ETA on full normalization of USD wires, but we are working hard to provide alternatives to our customers and will continue to provide updates as we progress. Notably, we can process withdrawals in other currencies, namely, Hong Kong Dollars (HKD) and Swiss Francs (CHF). In addition, we expect to confirm the availability of Japanese Yen (JPY), Australian Dollars (AUD), and Canadian Dollars (CAD) in the next few days, and Euros (EUR) sometime next week. Different currencies have different conversion spreads at our bank, which vary between 0.20% and 0.50% from the interbank market. If you are interested in any of these alternatives, please contact support at [email protected]<<<<<<<<<<


When I read that, I do not see anything that says that all fiat is compromised.

[Edit : O.k. I take this part back. I see that the April 17 post from Bitfinex refers to "All fiat" is affected, but I still do not think that it is the death of Bitfinex or that they are not working in good faith to attempt to fix their bank wiring situation(s).

(04-17-2017 09:58 PM)Armogan Wrote:  "This applies to all fiat currencies at the present time. " Straight from the article.

O.k? So what is your point? You are quoting some one sentence that is about what? What point would you like to make? You wanna say that Bitfinex might be insolvent from that? Or did you have some other point that is relevant to anything related to bitcoin?

(04-17-2017 09:58 PM)Armogan Wrote:  

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

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

What? You said it right here.

(04-07-2017 05:25 PM)JayJuanGee Wrote:  You seem to want to assume that Bitfinex is acting in bad faith or that there is some kind of bad behaviors?"

You said I'm assuming Bitfinex is acting in bad faith. Can someone else chime in, am I crazy?

Yeah.. you are crazy.. who gives a shit what I said and what you said? If you have some kind of point that you would like to make, then make it, rather than getting caught up about something that we already said or did not say. Who gives a shit? We can go back and read what we said or did not say, no?

So in that regard, is there something that you want to say about Bitfinex? Do you think that they are insolvent? Do you have evidence of that? Do you think bitcoin prices are going down? What are the odds and how much? Where should we place our buy orders? How do we prepare for whatever the fuck you are suggesting is going to happen? Let's get to the point about the substance rather than getting caught up on what we may have said or not said, because we can go back and read what we said or did not say, no?

(04-17-2017 09:58 PM)Armogan Wrote:  

(04-07-2017 05:25 PM)JayJuanGee Wrote:  Did someone put you in charge regarding what and when RVF members can post.

You do this all the time.

What is your reference to the "this" that I do? You are the one that was barking out orders, no?

You are asserting that I bark out orders, too? hahahaha.. hm?

So I suppose the next thing that you want to do in order to detract further into nonsense and irrelevance is to start trotting out examples in which I was supposedly barking out orders..?

Can we move on?

Let's get back to talking about bitcoin rather than talking about personalities, styles or any of that other distracting bullshit, no? Otherwise if you want to talk about personalities, then we could maybe do those kinds of discussions via PM, no?

OMG... OMG.... OMG...


Bitcoin seems to be crashing.






UP

(04-17-2017 10:53 PM)JayJuanGee Wrote:  Do you understand what bitcoin.com is? It is a propaganda site created by Roger Ver, and those sabatoging whiner big blockers.

Do you have any substantive claims to back up your assertions that bitcoin.com is "propaganda". Care to talk about substance or just mindless nonsense discounting information you don't agree with. It's from a source called bitcoin.com, couldn't be more relevant to this discussion.

(04-17-2017 10:53 PM)JayJuanGee Wrote:  I do not see your new facts within the link that I had posted... especially your suggestion that all fiat is compromised.. blah blah blah.

[Edit : O.k. I take this part back. I see that the April 17 post from Bitfinex refers to "All fiat" is affected, but I still do not think that it is the death of Bitfinex or that they are not working in good faith to attempt to fix their bank wiring situation(s).

It doesn't matter what you think. This is about me posting facts: Bitfinex no longer accepting deposits and froze withdrawals. And you claiming that I'm lying. What you wrote proves you have zero credibility at this point. Here's a recap of what happened.

1. You posted a link from Bitfinex.
2. I read it and post straight from the article, "This applies to all fiat currencies at the present time. In reference to bitfinex stating deposits are no longer accepted and withdrawals are currently frozen.
3. You call me a "fucking idiot", and claim you can't find that anywhere and I'm saying Bitfinex is acting in bad faith.
4. You then edit your post to remove "fucking idiot" after you realize I was right, and post some sort of saving face edit above.
5. Who's the real idiot here, you can't even read your own articles. You have lost all credibility at this point.

You manipulate words in order to conform to your warped, bias point of views. This is damaging to the discussion. When you have 95% of your net worth in computer coin it's hard to see things clearly.

(04-17-2017 09:58 PM)Armogan Wrote:  

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

(04-07-2017 05:25 PM)JayJuanGee Wrote:  Did someone put you in charge regarding what and when RVF members can post.

You do this all the time.

What is your reference to the "this" that I do?

"This" is a demonstrative adjective. It refers to you telling RVF members what they can and cannot post in this thread by claiming something is not relevant to the discussion.

GNT is up 120% in one month. Haha. BTC is broken, they only thing supporting it are maximalists that put 95% of their net worth in it and artificially prop it up. It is slow, has community turmoil, high fees, has nothing promising in the future. Let's talk about price and performance in the summer. We'll see who's right, just like I was right about the ETF wasn't priced in.

(04-18-2017 07:34 AM)Armogan Wrote:  

(04-17-2017 10:53 PM)JayJuanGee Wrote:  Do you understand what bitcoin.com is? It is a propaganda site created by Roger Ver, and those sabatoging whiner big blockers.

Do you have any substantive claims to back up your assertions that bitcoin.com is "propaganda". Care to talk about substance or just mindless nonsense discounting information you don't agree with. It's from a source called bitcoin.com, couldn't be more relevant to this discussion.

I have already posted on this topic, and I doubt that there is any need for me to go into detail at this time. Guys can consider the extent to which they credit various sources.

The mere fact that something is called "bitcoin.com" does not make it credible. Even you should understand that.

(04-18-2017 07:34 AM)Armogan Wrote:  

(04-17-2017 10:53 PM)JayJuanGee Wrote:  I do not see your new facts within the link that I had posted... especially your suggestion that all fiat is compromised.. blah blah blah.

[Edit : O.k. I take this part back. I see that the April 17 post from Bitfinex refers to "All fiat" is affected, but I still do not think that it is the death of Bitfinex or that they are not working in good faith to attempt to fix their bank wiring situation(s).

It doesn't matter what you think. This is about me posting facts: Bitfinex no longer accepting deposits and froze withdrawals.

If you attempt to read and comprehend previous posts, we have already gone over this.

Posts tend to be a combination of 1) non-controverted facts 2) controverted facts 3) logic 4) conclusions.

my previous post largely took issue with your conclusions... but those posts speak for themselves

(04-18-2017 07:34 AM)Armogan Wrote:  And you claiming that I'm lying.

Some times I have said something like that, but depends on the issue and the claim that you are making. Sometimes i just say that you are mischaracterizing or giving too much weight to some facts or coming to the wrong conclusions. There tends to be a difference between lying and otherwise getting things wrong.. As I type, I do recall accusing you of being disingenuous too, from time to time... but don't take these things so personal because you can possibly recover from these kinds of situations.

(04-18-2017 07:34 AM)Armogan Wrote:  What you wrote proves you have zero credibility at this point.

You can assign whatever credibility that you like. I took back part of what I wrote based on re-reading the information in one of the links. I would think that helps, rather than hurst credibility, but guys can come to their own conclusions about how much credibility to give to me or anyone else posting in a quasi-anonymous forum on the interwebs.

(04-18-2017 07:34 AM)Armogan Wrote:  Here's a recap of what happened.

O.k. great. You sure like to get caught in the weeds and take us back to a dumbass, distracting, unnecessary and likely irrelevant "recap."

(04-18-2017 07:34 AM)Armogan Wrote:  1. You posted a link from Bitfinex.
2. I read it and post straight from the article, "This applies to all fiat currencies at the present time. In reference to bitfinex stating deposits are no longer accepted and withdrawals are currently frozen.
3. You call me a "fucking idiot", and claim you can't find that anywhere and I'm saying Bitfinex is acting in bad faith.
4. You then edit your post to remove "fucking idiot" after you realize I was right, and post some sort of saving face edit above.
5. Who's the real idiot here, you can't even read your own articles. You have lost all credibility at this point.

I don't agree with your recap, and I don't think that it is necessary or fruitful to attempt to pick it apart.

(04-18-2017 07:34 AM)Armogan Wrote:  You manipulate words in order to conform to your warped, bias point of views. This is damaging to the discussion. When you have 95% of your net worth in computer coin it's hard to see things clearly.

Like I said many times, my BTC portfolio is prepared for either price direction, and I try not to make posts that try to get RVF guys to do anything except for figuring out their own investment allocations and strategies.

(04-18-2017 07:34 AM)Armogan Wrote:  

(04-17-2017 09:58 PM)Armogan Wrote:  

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

(04-07-2017 05:25 PM)JayJuanGee Wrote:  Did someone put you in charge regarding what and when RVF members can post.

You do this all the time.

What is your reference to the "this" that I do?

"This" is a demonstrative adjective. It refers to you telling RVF members what they can and cannot post in this thread by claiming something is not relevant to the discussion.

Seems to be a little different from what you did, no? Does not really seem too substantive to talk about style and/or personality.

(04-18-2017 07:34 AM)Armogan Wrote:  GNT is up 120% in one month. Haha. BTC is broken, they only thing supporting it are maximalists that put 95% of their net worth in it and artificially prop it up. It is slow, has community turmoil, high fees, has nothing promising in the future. Let's talk about price and performance in the summer. We'll see who's right, just like I was right about the ETF wasn't priced in.

Again, I doubt that I am trying to be "right" about anything.

I continue to repeat that I do not see the world in black and white (especially when we are referring to future possibilities). At this current time, we can create a strategy to prepare for a variety of future possibilities, and I give a ratt's ass if I am right, all I care about is that I attempt to prepare and that I have various vehicles in place to be able to react and to adjust along the way in case the scenario is playing out differently than my expectations (which happens frequently).

I also try to create a situation for myself that might automate some of the process in order that I do not have to interact, but these choices change in time. Sometimes if I am changing my strategy or trying to learn about some particular aspect, I may have to spend more time on tweaking it or playing around with my strategy.

RVF guys should be able to find these kinds of balances for themselves, and part of the thrust for participation in this thread is to be able to attempt to share information on these kinds of bitcoin related topics, considerations and strategies.

By the way, I have a variety of BTC portfolio reallocation methods that I have attempted to employ - and sometimes, I can use like a direct purchase or sale (through local bitcoins or something similar) to attempt to reallocate my investment; however, sometimes also, the direct transactions are not enough because they are only about 4% premium priced from the market price. Therefore, sometimes market movement can be a bit of a better tool for reallocation.

Sometimes, depending on personal circumstances, it can also take several months to carry out reallocation.

Currently, based on only one major correction this year and some of my own cash flow issues, I am still feeling a bit too much allocated in dollars (at around 8.6%). so yeah, a bit of a drop in BTC prices would be GREAT to bring me around 6% or something a bit more comfortable!!!!... even though in the end, I do profit more from BTC prices going up and I have found that sooner or later I am going to be able to use the stacking up of dollars.. .even if the situation begins to feel as if I am becoming too allocated in dollars.

Where do you guys get the time to post long responses? LOL

I'm going to try to buy 10 million of each at a good price:

Nxt
BitShares
Ardor

So far my platform coins GNT and SJCX are doing well.

(04-19-2017 11:30 AM)SunW Wrote:  Where do you guys get the time to post long responses? LOL

I'm going to try to buy 10 million of each at a good price:

Nxt
BitShares
Ardor

So far my platform coins GNT and SJCX are doing well.

This guy just started putting up vids a month ago, he called the Litecoin pump as well as a few others. Seems to know what he's doing. Today's vid is on NXT:

Are those three upcoming ICOs? Where do you find all these pump and dump scams. I'm impressed.

Agora Publishing Bill Bonner newsletter major cryptos webinar with $250K rewards... Links:

https://research.palmbeachgroup.com/X750T4BL

Full email follows ... I have subscriptions to several Agora Editors services and derive NO economic benefit from this except for RVF crowd opinion of their offering re cryptos...

April 19, 2017
Editor's Note: We've been flooded with questions about tomorrow's cryptocurrency training. Teeka Tiwari has taken the time to answer the most frequently asked questions below...

Hi, Teeka here.

I was going through the comments section on our cryptocurrency web page... I see that we’ve received A LOT of questions.

I’m happy to see so much interest in cryptocurrencies...

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Here are some of the most frequently asked questions:

Why can't I trade Bitcoin on a "regular" brokerage account, like Fidelity or ETRADE?

Cryptocurrencies are a whole new asset class. Traditional brokerages are not set up to deal with the issues specific to cryptocurrencies. I imagine that will change at some point, but for now, there are several good cryptocurrency exchanges to choose from (see next question).

What exchanges do you recommend?

If you're looking to convert dollars (or any other "regular" currency) into Bitcoin, we recommend Abra, Airbitz, and Gemini.

(You can watch me explain how to open a Gemini account by following this link.)

Coinbase is another option we've used in the past, as well as LocalBitcoins – a peer-to-peer service that allows you to buy Bitcoins anywhere in the world.

For converting Bitcoin into other cryptocurrencies, we recommend Poloniex, Bittrex, and Kraken.

How can I convert my cryptocurrencies back into dollars?

You just reverse the process.

First, you would sell your cryptocurrency on an exchange such as Poloniex, Bittrex, or Kraken for Bitcoin.

Then, you would convert your Bitcoin to your local currency using Abra, Airbitz, or Gemini.

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You've mentioned a lot of big gains in your training material. Is it possible I'm getting into cryptocurrencies too late?

Not at all.

This market is still in its infancy. Most people don't even know these investments exist. They've heard of Bitcoin, but that's about it.

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There's still plenty of money to be made.

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And yes, this is real Bitcoin – not just cash.

However, this is a one-time-only thing. It will not be available the next day... and the ONLY way to claim a portion is to attend the webinar.

Stay tuned for more answers during our in-depth Q&A tomorrow night.

I hope that answers some of your questions.

Remember, we're having an extended Q&A on Thursday night – and while we can't give any personalized investment advice, we'll answer many, many more questions regarding these exciting investments.

If you haven't already done so, click here now to reserve your spot. Already, over 20,000 of your fellow subscribers have done so.

Sincerely,

Teeka Tiwari
Editor, Palm Beach Confidential

P.S. While you wait for the webinar, I recommend you visit my training research website. You'll be able to watch my three training videos, submit questions of your own, and more.

We're taking it down after tomorrow, so you'll want to access it right away.

(04-19-2017 02:17 PM)Armogan Wrote:  Are those three upcoming ICOs? Where do you find all these pump and dump scams. I'm impressed.

Nxt/Ardr are platforms with assets built on them.

I thought everyone on this forum are pump and dumpers??? Hehhheh...

Thanks for the highlight SunW. Will add those on my list.

When you're in town beers on me!

The linked article has a decent discussion of the Litecoin segwit activation situation - kind of bordering on the 75% activation threshold and considerations in the article that intentional sabotage may be taking place... which partially explains the recent litecoin hashrate increase.


https://www.reddit.com/r/Bitcoin/comment...reventing/

In bitcoin, segwit signaling seems to be maintaining the low 30% arena... so seems quite a ways from activation in the bitcoin scene.


The more interesting phenomenon in the bitcoin space seems to be the considerably great spread between prices on different exchanges.. and not going away and continuing upwards buying pressure... which seems to provide a suggestion that some kind of price correction must be on its way (whether that price correction is up or down, is still unclear - though I am kind of becoming more receptive to down - even though it is no where close to any kind of done deal).

$80 spread between bitfagnex and everyone else. They aren't having liquidity issues? ....yeah ok.

BTC looking strong though.

https://coinmarketcap.com/currencies/gaycoin/

Fag coin is tearing a new one, literally. I only like straight pump and dumps, however.

Personally, I'm waiting for the Van Damme coin. Actor of the century.

(04-20-2017 11:15 PM)Armogan Wrote:  $80 spread between bitfagnex and everyone else. They aren't having liquidity issues? ....yeah ok.

BTC looking strong though.

https://coinmarketcap.com/currencies/gaycoin/

Fag coin is tearing a new one, literally. I only like straight pump and dumps, however.

Personally, I'm waiting for the Van Damme coin. Actor of the century.

Difficult to consider you as a possible objective source of information when you are referring to "bitfagnex." Names like that seem to be quite distracting and nonfactual, even if there may be a lot of reasons to distrust or hate on certain players in the bitcoin space.

In the latest post from Bitfinex


https://www.bitfinex.com/posts

they assert: "We want to be absolutely clear here that Bitfinex is solvent. "

Of course, we take these kinds of claims with a grain of salt, but at the same time recognizing that we have both plausible and implausible explanations for our current status, and it could take weeks to unravel and to figure it out.


Also, representatives sometimes lie through their teeth - but it is not something that we assume.

In other words, we need to account for things that representatives say, too.

Very decent thread and some substantive responses from Bitfinex representatives.

https://www.reddit.com/r/Bitcoin/comment...f_all_the/

(04-20-2017 11:15 PM)Armogan Wrote:  $80 spread between bitfagnex and everyone else. They aren't having liquidity issues? ....yeah ok.

BTC looking strong though.

https://coinmarketcap.com/currencies/gaycoin/

Fag coin is tearing a new one, literally. I only like straight pump and dumps, however.

Personally, I'm waiting for the Van Damme coin. Actor of the century.

Your non sequiturs and one-liners never fail to make me laugh, man...

(04-20-2017 11:56 PM)JayJuanGee Wrote:  Difficult to consider you as a possible objective source of information when you are referring to "bitfagnex."

In the latest post from Bitfinex


https://www.bitfinex.com/posts

they assert: "We want to be absolutely clear here that Bitfinex is solvent. "

It was a typo. Good catch.

I wouldn't believe anything from the person in the hot seat. Does a murderer get acquitted when he says "I didn't kill my wife" on the stand? No.

https://m.youtube.com/watch?v=-dY77j6uBHI

Just curious did anyone vote for Hillary? $80+ spreads speak for themselves.

(04-20-2017 11:15 PM)Armogan Wrote:  BTC looking strong though.

I think that we are all a bit shocked by this.

I am both shocked and torn.

Matters seem way too discordant in bitcoin prices in order to feel really comfortable about any further pumping of the price; however, I could see a few whales (whether bears or bulls) pumping this uncertain BTC status - even 20 or 30% or more - but the whole time, I would remain uncertain.

Based on having no real or meaningful correction since $890 and a few of my own mistakes, I am continuing to feel inadequately stocked up for any kind of trip to the moon, if such an unexpected trip were to occur in the near future - yet at the same time, I will manage with what I have - because I do continue to maintain a decent stake in BTC.

(04-21-2017 12:17 AM)Armogan Wrote:  

(04-20-2017 11:56 PM)JayJuanGee Wrote:  Difficult to consider you as a possible objective source of information when you are referring to "bitfagnex."

In the latest post from Bitfinex


https://www.bitfinex.com/posts

they assert: "We want to be absolutely clear here that Bitfinex is solvent. "

It was a typo. Good catch.

I wouldn't believe anything from the person in the hot seat. Does a murderer get acquitted when he says "I didn't kill my wife" on the stand? No.

https://m.youtube.com/watch?v=-dY77j6uBHI

Just curious did anyone vote for Hillary?

I just gotta say "typo" hahahahahahaha.. fair enough.

(04-21-2017 12:17 AM)Armogan Wrote:  $80+ spreads speak for themselves.

They don't really speak for themselves. I mean, first we had the chinese exchanges that tended to be a few percentage points higher than the western exchanges and then we had the chinese exchanges more than 10% lower than the western exchanges. After the disparities exist for a considerable time, they receive various plausible explanations.

This Bitfinex disparity is only about a week long phenomenon, and sure in the very beginning there was quite a bit more uncertainty about the cause and even difficulties identifying the existence of such. With the passage of time, the explanations converge and also the evidence of the actual disparity becomes more clear as to when it started and whether it is growing or shrinking.

Most of these kinds of situations are obvious, even though now it is becoming more clear that the freezing of fiat deposits was an initial start of the perception of a "problem" yet there still seems to be disagreement regarding the severity of the ability to withdraw fiat and what kinds of fiat. The information continues to be mixed and the conclusions about whether there is maliciousness is not a static set of facts.. and even we can witness variance in perception of these fact (or the importance of the facts that are known and not controverted - to the extent there ever is such a thing within a moving target).

A bit more than 6 hours before today's daily candle closes, and I continue to be AMAZED.

The last three days of daily price averages have fallen in the top 20 category, and yesterday was at 10, coming in at $1,222.57...

And, with 6 hours to go, we cannot count today as any kind of "done deal" because anything could happen...

biting nails.

decent ongoing buying support seems to be the current punchline.

As I keep saying (maybe broken record meme here could be good... hahahaha), I would really not mind getting some kind of meaningful correction, even to $1,000 or so..... in order that I could stock up some more - even though I have enough BTC, but currently, it does not seem to be looking like any of us should reasonably be relying on anything below $1,200 because it is possible that any of us could get left behind at the train station, if we have our hopes up too much and if we do not take some kind of stake in the game...

Ever since about $600 (which would have been around August 2016), I have been keeping on thinking that this thing cannot keep going up and up and up and without any kind of meaningful correction, and despite my ongoing anticipations that we are going to have a correction, the price keeps going up and up and up...

Furthermore, since $600 we have experienced a couple pretty decent corrections (the first down to $750 and the second down to $890 - and then the bitcoin is deaders came in to tell us to sell.. ), so we do not necessarily need more significant corrections in order for prices to continue to go UP and UP and UP....

Like they say, when we are in a bull market, buy the dips... and it seems that we have been in this bull market since about late 2015 (with prices then in the mid-$200s) and there is no real indication that such bull market is either stopping or reversing.. in spite of various whiners, various bitcoin is deaders, various alt coin pumpers and various other bitcoin nay sayers.

Surely, I am making a current observation (with prices currently bouncing in the $1235 to $1250 territory) and there are no guarantees, but continuing to look decent in spite of some lopsidedness including the possible shenanigans with the Bitfinex situation and the bitcoin is forking FUDsters.

(04-20-2017 02:58 PM)JayJuanGee Wrote:  The linked article has a decent discussion of the Litecoin segwit activation situation - kind of bordering on the 75% activation threshold and considerations in the article that intentional sabotage may be taking place... which partially explains the recent litecoin hashrate increase.


https://www.reddit.com/r/Bitcoin/comment...reventing/

In bitcoin, segwit signaling seems to be maintaining the low 30% arena... so seems quite a ways from activation in the bitcoin scene.


The more interesting phenomenon in the bitcoin space seems to be the considerably great spread between prices on different exchanges.. and not going away and continuing upwards buying pressure... which seems to provide a suggestion that some kind of price correction must be on its way (whether that price correction is up or down, is still unclear - though I am kind of becoming more receptive to down - even though it is no where close to any kind of done deal).

This below linked article is a kind of status update to my earlier above post (and supplemental).


http://www.coindesk.com/litecoin-miners-...n-upgrade/

This may explain litecoin's additional upsurge from yesterday, about 15%..... and yeah of course these segwit developments in litecoin could affect seg wit consideration matters on bitcoin... litecoin as a testing station?

By the way, yesterday, I did decide to withdraw about 70% of my bitcoins from Bitfinex, which is about 40% of the value of all of my funds on that account..

There after, my Bitfinex crypto related holdings are now about 9% of my total crypto related holdings. but still more than 1/3 of my total USD...

My dollar situation on Bitfinex is a bit strange, and I guess my dollar situation contributes to some of my worry and some of my concerns about how this whole Bitfinex situation is playing out and even the current Bitfinex situation might be somehow related to their August 2016 "hack" and how they chose to deal with the payouts and the claims to "solvency."

In August 2016, about 36% of my value on Bitfinex was socialized into BFX tokens, and over about 7 months those BFX tokens were slowly reimbursed.. maybe around 10% of them were reimbursed into dollars, even though bitcoin prices doubled. So, yeah there ended up being opportunity costs to have value tied up in BFX tokens, but then April 3, Bitfinex reimbursed 100% of all the outstanding BFX tokens, which caused my account to have a larger percentage of dollars on the account.

Thereafter, when the bank account drama developed and therefore BTC price disparities, it became less feasible to buy bitcoins with dollars on Bitfinex because the price of bitcoins on Bitfinex turned into about a 5-8% premium.

so yeah, there could be some personal motivations in terms of my concerns about the disparities that are ongoing in regards to bitfinex, and even my assessment about the extent to which there are possible Bitfinex shenanigans, which seems more plausible the longer the price disparity continues.

By the way, my yesterday withdraw of BTC went through pretty quickly (like 24 minutes).. .. but the fee that I paid was not customizable and it was much higher than what I am used to paying. These days, I usually customize my transaction fees to pay around $.15 to $.25 per transaction, and the Bitfinex fee was a bit over $1... I don't know if they skim some of the fee or if that higher quantity of fee causes the transaction to be guaranteed to go through more quickly.

(04-21-2017 12:48 PM)JayJuanGee Wrote:  A bit more than 6 hours before today's daily candle closes, and I continue to be AMAZED.

The last three days of daily price averages have fallen in the top 20 category, and yesterday was at 10, coming in at $1,222.57...

And, with 6 hours to go, we cannot count today as any kind of "done deal" because anything could happen...

biting nails.

decent ongoing buying support seems to be the current punchline.

As I keep saying (maybe broken record meme here could be good... hahahaha), I would really not mind getting some kind of meaningful correction, even to $1,000 or so..... in order that I could stock up some more - even though I have enough BTC, but currently, it does not seem to be looking like any of us should reasonably be relying on anything below $1,200 because it is possible that any of us could get left behind at the train station, if we have our hopes up too much and if we do not take some kind of stake in the game...

Ever since about $600 (which would have been around August 2016), I have been keeping on thinking that this thing cannot keep going up and up and up and without any kind of meaningful correction, and despite my ongoing anticipations that we are going to have a correction, the price keeps going up and up and up...

Furthermore, since $600 we have experienced a couple pretty decent corrections (the first down to $750 and the second down to $890 - and then the bitcoin is deaders came in to tell us to sell.. ), so we do not necessarily need more significant corrections in order for prices to continue to go UP and UP and UP....

Like they say, when we are in a bull market, buy the dips... and it seems that we have been in this bull market since about late 2015 (with prices then in the mid-$200s) and there is no real indication that such bull market is either stopping or reversing.. in spite of various whiners, various bitcoin is deaders, various alt coin pumpers and various other bitcoin nay sayers.

Surely, I am making a current observation (with prices currently bouncing in the $1235 to $1250 territory) and there are no guarantees, but continuing to look decent in spite of some lopsidedness including the possible shenanigans with the Bitfinex situation and the bitcoin is forking FUDsters.

Today closed at # 8 - that is $1,241.65 - my gosh...

https://bitcointalk.org/index.php?topic=...sg18689717

Sure, daily weighted average prices are not as exciting as a spike or a pump, but seems to me that some kind of slow motion rocket is happening.

Maybe we call it a train rather than a rocket - a slow moving and progressive upwards movement.. ?

What do we call it, I don't know - but I don't think that we should be quibbling about the fact that we are UP and we are really UP.. and this is as close to UP as we can reasonably expect, no? 8th place ATH at today's closing candle.. that is UP, and.....

What is the appropriate image for such a situation?

I would also consider ethereum as well. The price for 1 ether is around 50 US Dollars. Potentially that could be a much better investment than Bitcoin since it has interest from a lot of parties. Furthermore, it would not hurt for people to consider building mining rigs to obtain ethereum.