Found this in the wall observer thread.

(05-25-2017 03:54 AM)Satoshi Wrote:  

Found this in the wall observer thread.

What does it mean?

(05-25-2017 04:13 AM)JayJuanGee Wrote:  What does it mean?

I'm not sure. What do you think?

(05-25-2017 04:19 AM)Satoshi Wrote:  

(05-25-2017 04:13 AM)JayJuanGee Wrote:  What does it mean?

I'm not sure. What do you think?

hahahahaha

You posted it..... you must think that it means something, no?

Otherwise, you would not have gone through the trouble of posting it. Right?

(05-25-2017 04:34 AM)JayJuanGee Wrote:  

(05-25-2017 04:19 AM)Satoshi Wrote:  

(05-25-2017 04:13 AM)JayJuanGee Wrote:  What does it mean?

I'm not sure. What do you think?

hahahahaha

You posted it..... you must think that it means something, no?

Otherwise, you would not have gone through the trouble of posting it. Right?

I think it is a funny meme. Bitcoin $2.500 buy now.

And see your money disappear as the bubble pop.

Or miss out the train to $27.000

(05-25-2017 04:45 AM)Satoshi Wrote:  

(05-25-2017 04:34 AM)JayJuanGee Wrote:  

(05-25-2017 04:19 AM)Satoshi Wrote:  

(05-25-2017 04:13 AM)JayJuanGee Wrote:  What does it mean?

I'm not sure. What do you think?

hahahahaha

You posted it..... you must think that it means something, no?

Otherwise, you would not have gone through the trouble of posting it. Right?

I think it is a funny meme. Bitcoin $2.500 buy now.

And see your money disappear as the bubble pop.

Or miss out the train to $27.000

Does not really seem funny to me.

We have considerable upwards price pressures, so if you do not own any BTC then it might be a good idea to buy some.

Yes, you, personally, may believe we are in a bubble, but you seem to be missing something in your thinking, either missing facts or logic, no?

If you have been saying that bitcoin is in a bubble since mid $200s, then sooner or later you have got to be correct. On the other hand, wouldn't there be quite a few missed opportunities between mid $200s and add a zero to where we are at now.

And maybe we will be at $3k in the next 72 hours or maybe we will crash down to below $2k, but even going below $2k any time soon is not looking very likely.. and the higher we go up, the less likely it becomes to hit some of those lower numbers that some folks are projecting.

So, yeah $27k could be possible too, but we have a lot of obstacles before getting to those points...

The upcoming correction could be in the $3k to $5k territory then we could get another upswing to $10k or $20k. I doubt going to $27k could take place in less than a year or more...

Also, other events and other coins could cause positive or negative effects in regards to bitcoin, so we have to see how those matters play out too... as you know.

So we have bundles of possibilities that are not clear until we see how shorter term events play out.

What exchange and wallet should I use to start investing in coins?

(05-25-2017 05:10 AM)Travel Museums Wrote:  What exchange and wallet should I use to start investing in coins?

If you are in the USA, then you can start out with Coinbase and Gemini.

And Blockchain.info wallet.

(05-25-2017 05:02 AM)JayJuanGee Wrote:  

(05-25-2017 04:45 AM)Satoshi Wrote:  

(05-25-2017 04:34 AM)JayJuanGee Wrote:  

(05-25-2017 04:19 AM)Satoshi Wrote:  

(05-25-2017 04:13 AM)JayJuanGee Wrote:  What does it mean?

I'm not sure. What do you think?

hahahahaha

You posted it..... you must think that it means something, no?

Otherwise, you would not have gone through the trouble of posting it. Right?

I think it is a funny meme. Bitcoin $2.500 buy now.

And see your money disappear as the bubble pop.

Or miss out the train to $27.000

Does not really seem funny to me.

We have considerable upwards price pressures, so if you do not own any BTC then it might be a good idea to buy some.

Yes, you, personally, may believe we are in a bubble, but you seem to be missing something in your thinking, either missing facts or logic, no?

If you have been saying that bitcoin is in a bubble since mid $200s, then sooner or later you have got to be correct. On the other hand, wouldn't there be quite a few missed opportunities between mid $200s and add a zero to where we are at now.

And maybe we will be at $3k in the next 72 hours or maybe we will crash down to below $2k, but even going below $2k any time soon is not looking very likely.. and the higher we go up, the less likely it becomes to hit some of those lower numbers that some folks are projecting.

So, yeah $27k could be possible too, but we have a lot of obstacles before getting to those points...

The upcoming correction could be in the $3k to $5k territory then we could get another upswing to $10k or $20k. I doubt going to $27k could take place in less than a year or more...

Also, other events and other coins could cause positive or negative effects in regards to bitcoin, so we have to see how those matters play out too... as you know.

So we have bundles of possibilities that are not clear until we see how shorter term events play out.

Buying a week ago would be better, wouldn't it? Buying ETH, monero or MAID would've been even better, wouldn't it?

Guys who had no interest to invest a week ago now wants in, isn't that a bit funny though?

Who know how high this bubble will go (this is a bubble it's quite hard to deny) we don't know but I hope it goes up up up before I sell 10 %.

Signed up for Poloniex and GDAX/Coinbase. Found Coinbase the easiest to use because of the app. Bought a grand each of BTC & ETH. Said it'd take a week to complete. My coins don't arrive until next month.

So when does this trade execute? I assumed the 1.5% fee meant I was buying from Coinbase not an actual investor. Damn that's a high fee than I'm used to. $15 on each $1k! I'm used to zero on my brokerage ETFs and $4.95 on most others.

(05-25-2017 08:59 AM)Travel Museums Wrote:  Signed up for Poloniex and GDAX/Coinbase. Found Coinbase the easiest to use because of the app. Bought a grand each of BTC & ETH. Said it'd take a week to complete. My coins don't arrive until next month.

So when does this trade execute? I assumed the 1.5% fee meant I was buying from Coinbase not an actual investor. Damn that's a high fee than I'm used to. $15 on each $1k! I'm used to zero on my brokerage ETFs and $4.95 on most others.

As I understand it you receive the coins at that price, but they are not in your account until next month (from what you've said) meaning you can't trade them during that time period.

As for the 1.5% fee is that new-ish? Thought it was always 1%. I add money bi weekly which now that I think about it adds up.

Is this a joke? One MONTH to buy coins!?

(05-25-2017 08:26 AM)Satoshi Wrote:  

(05-25-2017 05:02 AM)JayJuanGee Wrote:  

(05-25-2017 04:45 AM)Satoshi Wrote:  

(05-25-2017 04:34 AM)JayJuanGee Wrote:  

(05-25-2017 04:19 AM)Satoshi Wrote:  I'm not sure. What do you think?

hahahahaha

You posted it..... you must think that it means something, no?

Otherwise, you would not have gone through the trouble of posting it. Right?

I think it is a funny meme. Bitcoin $2.500 buy now.

And see your money disappear as the bubble pop.

Or miss out the train to $27.000

Does not really seem funny to me.

We have considerable upwards price pressures, so if you do not own any BTC then it might be a good idea to buy some.

Yes, you, personally, may believe we are in a bubble, but you seem to be missing something in your thinking, either missing facts or logic, no?

If you have been saying that bitcoin is in a bubble since mid $200s, then sooner or later you have got to be correct. On the other hand, wouldn't there be quite a few missed opportunities between mid $200s and add a zero to where we are at now.

And maybe we will be at $3k in the next 72 hours or maybe we will crash down to below $2k, but even going below $2k any time soon is not looking very likely.. and the higher we go up, the less likely it becomes to hit some of those lower numbers that some folks are projecting.

So, yeah $27k could be possible too, but we have a lot of obstacles before getting to those points...

The upcoming correction could be in the $3k to $5k territory then we could get another upswing to $10k or $20k. I doubt going to $27k could take place in less than a year or more...

Also, other events and other coins could cause positive or negative effects in regards to bitcoin, so we have to see how those matters play out too... as you know.

So we have bundles of possibilities that are not clear until we see how shorter term events play out.

Buying a week ago would be better, wouldn't it? Buying ETH, monero or MAID would've been even better, wouldn't it?

Guys who had no interest to invest a week ago now wants in, isn't that a bit funny though?

Who know how high this bubble will go (this is a bubble it's quite hard to deny) we don't know but I hope it goes up up up before I sell 10 %.

Of course and for sure buying a week ago or earlier would have been preferable.

But Satoshi seems to be making fun of any kind of suggestion to buy right now.

Therefore, I am working with a kind of hypothetical that if a guy does not have any coins right now, and just heard about bitcoin or just begins to consider bitcoin, then what is that kind of guy supposed to do? Wait?

Waiting might be o.k., but it might not too. So in that kind of a scenario maybe the guy has $6k that he can invest now and $6k cash flow over the next six months for a total of $12k over six months.

I am suggesting that if he does not have any, then he might start by using $2k of his current allocated cash and buy right now (sure he can choose some other proportion, but I am just trying to consider some amount that might still be reasonable - just in case the price goes up before it goes down - none of us really know for sure until after the fact, right?)

Regarding buying those other coins (ETH, Monero, MAID), that is another kind of a decision that a guy has to make. It is not necessarily a "better" decision, but it could be.. guys gotta decide, and none of this is obvious at this point. If the guy does research, but still has a certain amount of money that is set towards crypto, he could dilute the amount by allocating over the other assets, too or he could end up just picking Bitcoin or he could end up just picking one or another of the others or any combination that he feels comfortable with based on his own due diligence.

(05-25-2017 10:21 AM)Seth_Rose Wrote:  

(05-25-2017 08:59 AM)Travel Museums Wrote:  Signed up for Poloniex and GDAX/Coinbase. Found Coinbase the easiest to use because of the app. Bought a grand each of BTC & ETH. Said it'd take a week to complete. My coins don't arrive until next month.

So when does this trade execute? I assumed the 1.5% fee meant I was buying from Coinbase not an actual investor. Damn that's a high fee than I'm used to. $15 on each $1k! I'm used to zero on my brokerage ETFs and $4.95 on most others.

As I understand it you receive the coins at that price, but they are not in your account until next month (from what you've said) meaning you can't trade them during that time period.

As for the 1.5% fee is that new-ish? Thought it was always 1%. I add money bi weekly which now that I think about it adds up.

Once he has the coins, then he can trade them on GDAX for either zero fees or .2% fees depending on if he is doing maker or taker... and he can read up on those concepts, too on the GDAX platform - that is if his intent is to save on fees.

(05-25-2017 10:43 AM)[email protected] Wrote:  Is this a joke? One MONTH to buy coins!?

Of course there are ways to buy coins and get access nearly right away, and there are ways that take longer to verify, depending on if you are linking bank accounts, etc.

No one is going to give you coins, if they think that you are not going to pay or reverse transactions or if you are potentially engaging in fraud.. .. so some of the exchanges might have systems to protect themselves in case you might attempt to reverse the transaction.

Let's see how low the price will go before six blocks is confirmed!

(05-25-2017 12:22 PM)Satoshi Wrote:  Let's see how low the price will go before six blocks is confirmed!

$2000 would be cool.

At this point bitcoin is nothing more than a pump and dump together with a few hundred other coins.

Five years ago the technology was really impressive, nothing like it had every excised before.

Today, the technology isn't as impressive anymore. Because technology changes quickly and in five years bitcoin has gone from being the latest to being the oldest. Almost all coins are better than bitcoin in theory. Only in theory? Yes, bitcoin still has a few advantages, but those advantages is only there because bitcoin was first.

But looking at the disadvantages, it is clear that bitcoin won't hold its position as number one much longer and as illustrated by statistic on coinmarketcap.com, bitcoin is already loosing it's position and it will, in a few years, be forgotten. In the same way that no one is using Windows 98 or iPhone 3g anymore, people will stop using bitcoin, too.

I'm not saying that it won't increase in price anymore, it probably will, but this time it's not going up because of the tech, it's going up in pure pump and dump style. And one important note is that to be able to trade many other coins, one must hold bitcoin. One can only speculate how small market share bitcoin would have if it was not for the fact that it is the medium of exchange for all those other coins. One day bitcoin will not be the medium of exchange between other currencies anymore and that value will be lost in bitcoin, in the same way that bitcoin already lost value in many other areas when superior technologies have been invented.

(05-25-2017 12:30 PM)JayJuanGee Wrote:  

(05-25-2017 12:22 PM)Satoshi Wrote:  Let's see how low the price will go before six blocks is confirmed!

$2000 would be cool.

still six blocks to go so yeah that might actually happen! revolutionary bitcoin!

the dead cat bounces!

Damn, i had some hopes for some cheap coins over the next few months. Please make this rally stop !

(05-25-2017 01:04 PM)pants Wrote:  the dead cat bounces!

Damn, i had some hopes for some cheap coins over the next few months. Please make this rally stop !

You started this thread years ago and you want to buy coins now?

I bought an apartment 6 months ago, was just gonna sit out a few months, never expected this to happen...
I did buy quite a few coins back in 2013..

Good to have the OP back.

It takes a week to have the bit coins in your wallet for Coinbase. So that's next month. It's just a weird transaction to me. Right after that trade I went on my brokerage and traded several ETFs (for no fee nor commission). It was executed in a few seconds. The shares are in my portfolio showing a realtime percentage in less than ten seconds. I'm spoiled.

(05-25-2017 12:40 PM)Satoshi Wrote:  At this point bitcoin is nothing more than a pump and dump together with a few hundred other coins.

There's something wrong with your phrasing here.

It's like you are trying to lump ideas together, and you are vague.

Bitcoin and other coins?

Let's talk about bitcoin, no?

And, if you are going to suggest that it is a pump and dump like some other coins, then what are you talking about?

Sure, I understand that you might have a lot of criticisms of bitcoin (some criticisms may be more warranted than others), but come on with the vague generalizations that don't even seem to be anywhere near accurate.

(05-25-2017 12:40 PM)Satoshi Wrote:  Five years ago the technology was really impressive, nothing like it had every excised before.

Bitcoin came about in 2009 - and took a couple of years before it spread out to a small community of users... so yeah, maybe around 2011 or 2012 you are suggesting that bitcoin was providing some options that were not available in other places.

And, you are correct that nothing had ever existed like it before, and bitcoin solved the byzantine general's problem through proof of work.. so yeah.. that solution is still present in bitcoin, and today, there is stupendous mining power backing bitcoin (exponentially more than 5 years ago).. but really, you refer to some glory period of bitcoin 5 years ago, but there are more use cases for bitcoin today than 5 years ago, there is more adoption, development and investment.

Sure some things are the same too such as having a decentralized secure and immutable way to store and transfer value (that part is the same)

(05-25-2017 12:40 PM)Satoshi Wrote:  Today, the technology isn't as impressive anymore. Because technology changes quickly and in five years bitcoin has gone from being the latest to being the oldest.

Nothing wrong with growing older.. It is not exactly stagnant as you are suggesting.

A lot has happened in bitcoin in 5 years, including the price has gone up from about $1 per BTC to over $2400. That is a 2400x increase in how people value it. Nothing to sneeze at.

(05-25-2017 12:40 PM)Satoshi Wrote:  Almost all coins are better than bitcoin in theory.

In theory a lot of things can be better, especially if you are assuming.

In practice, there is no other crypto that currently offers a secure immutable and decentralized system for holding value and transferring value like bitcoin. You can refer to coins generally, but each of them have their distinguishing aspects that may complement bitcoin, may get absorbed into bitcoin or may become a competitor of bitcoin, possibly some day.

Some folks, such as you, want to lump all of this together and to suggest that these are all competing or that they are some kind of threat to undermine bitcoin, when the fact of the matter is that there is a kind of symbiotic relationship that seems to be evolving in regards to some of these coins.. and some are going to die out..

It could be that bitcoin dies out, but I would not be too premature to write its obituary merely because you want to engage in theory rather than actual facts.

(05-25-2017 12:40 PM)Satoshi Wrote:  Only in theory? Yes, bitcoin still has a few advantages, but those advantages is only there because bitcoin was first.

don't over simplify.

if bitcoin were really infererior, adn there was some way to transpose or depose it, that would have likely already occurred and would not have been accompanied by a 10x bull run in the past 20 months that has not yet ended....


whew.. has been a doosie of a run in the past 20 months, and it is not over yet... hang on boys!!!!

We can't really know how far up we are going to go or even if this is the beginning of the end, but it seems that we remain in the bull trend with a decent sized correction..

So far the correction was nearly 20% from $2,760 to $2263. I am not sure if it is over yet.. we could get another 10% or another 20%, but it seems that the buying pressure remains great and we are likely not at the end of our bull run, just yet.

(05-25-2017 12:40 PM)Satoshi Wrote:  But looking at the disadvantages, it is clear that bitcoin won't hold its position as number one much longer and as illustrated by statistic on coinmarketcap.com, bitcoin is already loosing it's position

I am not sure if it matters? maybe 20 years from now or 50 years from now, there may be some evolution to one crypto.. but in the meantime there are a lot of cryptos.

(05-25-2017 12:40 PM)Satoshi Wrote:  and it will, in a few years, be forgotten.

I doubt it. You are suggesting that some other cryptos are going to take it's place and bitcoin will start to lose value, at some point? Yes, in theory in theory..

but right now, we have growth and adoptions in bitcoin, it does not appear to be dying or shriveling in any kind of way. Even if we have a 50% correction or more and stagnation below $1k (which does not seem too likely with the ongoing adoption and develpments)

(05-25-2017 12:40 PM)Satoshi Wrote:  In the same way that no one is using Windows 98 or iPhone 3g anymore, people will stop using bitcoin, too.

You mean stop using for a payment system? Or stop using for a secure immutable storage of value?


Maybe, but until then, we are on a bull run with growth and adoption and price appreciation..

(05-25-2017 12:40 PM)Satoshi Wrote:  I'm not saying that it won't increase in price anymore, it probably will, but this time it's not going up because of the tech, it's going up in pure pump and dump style.

Again you seem to be missing something if you are referring to pump and dump.

(05-25-2017 12:40 PM)Satoshi Wrote:  And one important note is that to be able to trade many other coins, one must hold bitcoin.

Oh really? There must be some value in that, no?
Are there some changes on the horizon in that regard? I do see more and more exchanges adopting other alts, but bitcoin still seems to remain the main one, no?

(05-25-2017 12:40 PM)Satoshi Wrote:  One can only speculate how small market share bitcoin would have if it was not for the fact that it is the medium of exchange for all those other coins.

Who the fuck knows? And does it matter? You know since this is a symbiotic relationship, don't forget the other side of the formula. If it weren't for bitcoin, a lot of the other coins would not have seen any light of day.

So, yeah, these factors play off of each other and we cannot just spin the facts in one direction without considering the actual implications from other angles, too.

(05-25-2017 12:40 PM)Satoshi Wrote:  One day bitcoin will not be the medium of exchange between other currencies anymore and that value will be lost in bitcoin, in the same way that bitcoin already lost value in many other areas when superior technologies have been invented.

Yes.. sure.. some day that could happen, but until then, there is a lot of excitement going on, and some folks may have been able to buy in on this dip.. and maybe if we continue to dip, then more folks will feel comfortable to buy in, too.

Lots of interesting things going on in crypto, and bitcoin is surely a major part of that excitement..and we will see how these various coins will play out.. maybe a couple of years, as you suggested, we will see some decent changes regarding which coins are important or not important and whether bitcoin has a space in that or not..

In the meantime... BUY, BUY, BUY!!!!!!! haahahaha don't consider my excited utterance as investment advice.