(06-05-2017 09:54 AM)JayJuanGee Wrote:  Just broke through $2,600... and several exchanges simultaneously.. kind of following bitstamp.. seems to me.

Next resistance stopping point seems to be $2,760...

How long will it take? a few days? less? 48 hours?

It seems like you were right about these things, which you posted a couple days ago. There was a somewhat of a small sell wall on coinbase (yes, I know) at 2630 and it was blown right through. There is a bigger one at 2650 but I guess we can expect the same results.

Do you think 2700 will be any trouble?

(06-05-2017 01:49 PM)redbeard Wrote:  Martin suggests diversifying well and never putting >5-10% porfolio into bitcoin (whoops).

How do you guys manage this?

My original investment into bitcoin in November was about 15% of my portfolio. Because of the surge in price since then, my portfolio is now about 50% crypto. I'm not sure that cashing out and paying taxes in order to hit a specific "percent of portfolio" metric is logical, so I'm probably just going to hold.

(06-05-2017 03:01 PM)Stun Wrote:  

(06-05-2017 09:54 AM)JayJuanGee Wrote:  Just broke through $2,600... and several exchanges simultaneously.. kind of following bitstamp.. seems to me.

Next resistance stopping point seems to be $2,760...

How long will it take? a few days? less? 48 hours?

It seems like you were right about these things, which you posted a couple days ago. There was a somewhat of a small sell wall on coinbase (yes, I know) at 2630 and it was blown right through. There is a bigger one at 2650 but I guess we can expect the same results.

Do you think 2700 will be any trouble?

I am kind of guessing too.

When I suggest the next resistance levels, I have a sense that lower levels will not provide too much resistance until getting to the next possible resistance levels - yet the problem with these kinds of assessments is that a reversal can happen at any time - except for the fact that "the trend is your friend" kind of difficulties for bears to fight these kinds of price momentums.. and in that regard, we seem likely to get past $2700 fairly easily, and may find a bit more at $2760, but find some kind of next mini-battle at $3k. I am thinking that we are going to get above $3k fairly easily, and might involve a bit of volume and a bit of back and forth, but shoot towards $4k.. the problem with $4k as the next target after $3k is that is quite a distance from $3k.. so likely somewhere in the middle, prior to $3600 we would experience some meaningful correction of 15% to 40% in order for some profit taking (which could be the mid to lower $2k.. and maybe even dipping below $2k). .

On the other hand, we have to have a bit of back and forth because if prices go up too quickly, then the correction would likely be larger and even last longer, too...

So far, the upwards since $890 has been somewhat gradual and with only the one decent and significant correction (from $2760 to $1850) which allows profit taking along the way. Anyhow, these circumstances continue to provide some level of further credence to arguments that the buying support remains pretty solid at these price levels and with this level of increase that may average out to quite less than 10% per week even though we had some spurt periods of 5% or more per day.. that kind of corrected...

Oh my, oh my!!!!!!



Frequently sell walls can be reverse indicators, and yes we could be tricked; however, I am getting the sense that we are not being tricked and there really are not very many coins for sale on Stamp.

Sure there can be hidden sell orders, as well, yet currently, we have less than 1,000 coins for sale on Stamp to bring us above $3k (usually for this kind of a 20% price increase, we would have at least double that amount of coins on the books for sale.. and no one seems to want to sell? Wat's up like dat?)

https://www.bitstamp.net/market/order_book/

This is not playing boys.

You can call me an over-enthusiastic blind bull all that you want, but there are so many dynamics in place in the bitcoin scene that seems like we are going to be above $3k in no time....

yes, there is always the possibility that we are being faked out, and surely I am not engaging in buying advice because markets can change at any time... but the next 20% or so up, is looking like a piece of cake.. I may have to move into the 65% category for the ups, which is quite a strong assertion - for me... to even be looking 20% into the future in terms of immediacy...

(06-05-2017 06:58 PM)JayJuanGee Wrote:  Oh my, oh my!!!!!!



Frequently sell walls can be reverse indicators, and yes we could be tricked; however, I am getting the sense that we are not being tricked and there really are not very many coins for sale on Stamp.

Sure there can be hidden sell orders, as well, yet currently, we have less than 1,000 coins for sale on Stamp to bring us above $3k (usually for this kind of a 20% price increase, we would have at least double that amount of coins on the books for sale.. and no one seems to want to sell? Wat's up like dat?)

https://www.bitstamp.net/market/order_book/

This is not playing boys.

You can call me an over-enthusiastic blind bull all that you want, but there are so many dynamics in place in the bitcoin scene that seems like we are going to be above $3k in no time....

yes, there is always the possibility that we are being faked out, and surely I am not engaging in buying advice because markets can change at any time... but the next 20% or so up, is looking like a piece of cake.. I may have to move into the 65% category for the ups, which is quite a strong assertion - for me... to even be looking 20% into the future in terms of immediacy...

Since price seems to, currently, be going up so quickly with a likely $3k destination, I am thinking that because of that quick upwards we could either get decent resistance at that $3k point, or possibly, some loss of buying support as we approach $3k?.. but any correction would likely be in the less than 10% arena... .. so it seems like the odds would be lower that we would just blow past $3k within this run of within the next days.

On the other hand, we really should expect that we can put anything past bitcoin for sure, if there are some whale players who might be intent on punishing some of those people who chose to stay on the sidelines. Seems a bit early to call.. except to just watch with amazement.

Not sure where to post this, so I'll give it a shot here first. How does one set up a beneficiary or protect their cryptos from being lost forever in an unlikely event like death or severe disability. If you have fiat and crypto tied up in online exchanges that no one knows about and even if they did they'd need my usernames, passwords, access to my cell phone and Authy (2-factor authentication) and possibly my email. What is everyone doing or what is the best solution? Or is everyone just hoping for the best?

(06-06-2017 12:05 AM)white22 Wrote:  Not sure where to post this, so I'll give it a shot here first. How does one set up a beneficiary or protect their cryptos from being lost forever in an unlikely event like death or severe disability. If you have fiat and crypto tied up in online exchanges that no one knows about and even if they did they'd need my usernames, passwords, access to my cell phone and Authy (2-factor authentication) and possibly my email. What is everyone doing or what is the best solution? Or is everyone just hoping for the best?

Surely that is a great topic, yet I am sure that a large majority of guys are not well prepared for such.

I was going through one of my lists of accounts recently, and I figured that it is nearly impossible for me to even remember all of the scribble and all of the details, and at some point, I may need to pass this along - but at the same time, at another point, passwords and authorizations are changed too.. which causes a need to update any kind of info that could possibly be passed on to a successor.

(06-06-2017 12:05 AM)white22 Wrote:  Not sure where to post this, so I'll give it a shot here first. How does one set up a beneficiary or protect their cryptos from being lost forever in an unlikely event like death or severe disability. If you have fiat and crypto tied up in online exchanges that no one knows about and even if they did they'd need my usernames, passwords, access to my cell phone and Authy (2-factor authentication) and possibly my email. What is everyone doing or what is the best solution? Or is everyone just hoping for the best?

I use a Ledger Nano S hardware wallet to store both my bitcoin and ether.

When first setting it up you're provided with a backup passphrase, and if you lose or break the wallet you simply enter that passphrase into a new one to instantly restore your funds.

I wrote my passphrase down on three sheets of paper, laminated them, and gave one to each of my parents for safekeeping, in addition to showing them how the wallet operates.

Those are the 2 options i had thought of.

Having a list of accounts with usernames and passwords in a safe deposit box would be tedious and a nightmare to keep up to date with changing passwords and even new accounts.

Having a Ledger Nano S is a decent plan too, but I see that being a problematic for family members to find a specific "jump drive" and use it correctly. My parents are nt technically inclined, but aomething my brother could handle. Another drawback is when the cryptos are off the Ledger to be bought and sold.....or the fiat that is transferred to an exchange waiting to purchase cryptos.

I guess you could have a preset list of passwords in order. Then you'd periodically update the master list and if anything did happen to you, your survivors would only have to try a few passwords at most.

(06-06-2017 12:36 AM)white22 Wrote:  I guess you could have a preset list of passwords in order. Then you'd periodically update the master list and if anything did happen to you, your survivors would only have to try a few passwords at most.

I like the idea of the trezor, but it does not cover all scenarios, and maybe there would still be a large number of funds in other accounts.

One good thing about accounts is that there could be some ways for survivors to actually prove your death and then get access to the accounts, as long as they know about them and possibly know approximately how much value is kept in each of those accounts.

A couple of years ago, I created an instruction sheet, and I placed it in a safe location in which two of my potential successors would be able to get access to the safe location.

Earlier this year, I had some complications with security, and therefore I decided to update all of my accounts - and then also to update my "instruction sheet." I could not determine what the fuck from my instruction sheet - because quite a lot of my information had changed over the two years, but I had not kept the instruction sheet up to date. Thereafter, I figured that I needed to update my instruction sheet and to make it more clear.. but I have not gotten around to it yet... .l; fuck, I could get hit by an astroid at any moment, and then successors are going to get screwed.. even though the rest of the crypto community will prosper from those lost coins.

I think that keeping these matters up to date is a bitch, and coins are going to be lost - because even if we have good ideas, some of the value is likely to seep through some of the cracks, no?

(06-05-2017 03:12 PM)redonion Wrote:  

(06-05-2017 01:49 PM)redbeard Wrote:  Martin suggests diversifying well and never putting >5-10% porfolio into bitcoin (whoops).

How do you guys manage this?

My original investment into bitcoin in November was about 15% of my portfolio. Because of the surge in price since then, my portfolio is now about 50% crypto. I'm not sure that cashing out and paying taxes in order to hit a specific "percent of portfolio" metric is logical, so I'm probably just going to hold.

Sure I have a similar dilemma, and I mentioned this topic in previous posts, too.

My initial goal in late 2013 was to invest about 10% of my total quasi-liquid finances into bitcoin, but to spread that investment over about the upcoming year (in six month increments, and reconsiderations at the end of each of those two 6 month periods)... however, since BTC prices continued to go down and down and down throughout 2014, by the end of 2014, I had a bit more than 10% of my quasi-liquid investment assets invested into bitcoin.. so then as we know, BTC prices remained kind of flat and low through 2015, as well, which caused me to continue to dollar cost average in, which caused my portfolio to approach a bit less than 15% of my quasi-liquid investment into bitcoin.

Thereafter, since late 2015, BTC price appreciation caused similar kinds of dynamics for me, in which my BTC holdings have approached 40% to 50% (depending on how counted) of my quasi-liquid investments.

The profitability of BTC related funds went from peak negative periods of about -65% in early 2015 to recent periods of more than 500% in the positive. Surely, with bitcoin we realize that we could have upwards or downwards price movements, so I considered that I could lose everything or that we could experience exponential price appreciation..

So, even though I did not count on exponential BTC price appreciation, I had considered exponential price appreciation as possible... and as a kind of icing on the cake of profits.

In any event, I always kind of kept in mind that a kind of exponential BTC price appreciation would be considered as a bit different from first investing kind of allocation - especially when we are talking about an asset that is likely in some early stages of an s-curve (not for certain, but surely possible).

I do understand the argument and the practice and the kind of dilemma that we have to be careful not to over-allocate ourselves into any one asset or area and to figure out ways to reallocate or to diversify some of the risk and to therefore protect ourselves from possible extra-ordinary decline in value - that is possible with any asset.

Yet, we also have to account for metcalfe (network) type situations and s-curve exponential growth so that we do not sell too much of our asset either in a premature way, merely because we might be erroneously considering the asset class as a possible mature asset class, when it is not.

To make my presentation of my own numbers more complicated, currently within my bitcoin allocation, I have holdings that are about 9% cash and about 91% bitcoin. and so as the price goes up I kind of adjust the percentage of cash that would be used for reinvestment, but surely I don't really have the system figured out with any kind of precision because sometimes I get nervous because I feel like I have too much cash within those holdings, and I get the sense that the cash is sitting there and it is not working.

I also do not really want to use any of that cash to buy real estate or PMs, though maybe some of that could be prudent, and I don't really want to diversify my investment into other crypto coins, even though some of that could be prudent, as well.

Allocation, reallocation and diversification are personal decisions, and some guys may profit more from their practices or may feel that they are more secure in their decisions, even if the decision might be less profitable than another guy. I don't consider that I am competing with any other guy, but merely trying to allocate as best to my own risk tolerances and timeline, etc.

I feel that I have a plan for both up, and down; however, frequently the market moves a bit differently than expected, and maybe I will rethink some of this if the price continues to go up, because sometimes making the plan becomes a lot more concrete when the dollars and bitcoin are actually on paper rather than speculative...

The suspense is unbearable.

(06-06-2017 04:57 PM)Satoshi Wrote:  The suspense is unbearable.

In what regard would there be any suspense for a guy like you?

If you have not taken any direct position in bitcoin (which I think that was your latest assertion), except hoping that it fails because of your investments in some various other cryptos or for some other mysterious reason that you are not disclosing, then why would there be any suspense for you regarding bitcoin?

I am having difficulties understanding why you would feel suspense at this time? The market is going to do whatever it is going to do, which seems like further up, no?

Let me try to get at this from another angle to see if I can attempt to better understand your interest in bitcoin, and the supposed "suspense."

Do you believe that there is some kind of zero sum game going on in the crypto space in respect to bitcoin's involvement? Of course, you seem to believe (possibly erroneously) that your investment in other cryptos is better off if bitcoin does worse, no? You also seem to believe that bitcoin's dying would be a good thing (which seems pretty unlikely to come true); however, you may not even recognize the perils of your own belief.

One of the seeming problematic areas is that you just seem to either want to compete with bitcoin in some kind of way or to be right about your earlier predictions in regards to bitcoin, but that should be a lost battle, no?

You can't really predict bitcoin's downfall all the way from $250 to $2,800, and then upon any possible bitcoin dip to reasonably argue that you were right all along, can you? I suppose anything is possible, but it seems like a bit of a distraction more than anything, no?

By the way guys, to try to stay somewhat on topic, I am trying to get some kind of gauge on the $3k overshoot.

I had the sense that we got up to $2,933 too quickly (from $2,600 to $2,933 in less than 24 hours) and so that could have caused a correction or a delay in going past $3k, but the buying support seems to continue, even with such an upwards spurt. Thus, going past $3k may bring us fairly easily into the $3,200s and $3,300s, but getting past $3,600 would likely call for some kind of correction. Thoughts?

Maybe for someone the suspense is unbearable. Why do you have to take everything so personal? Bitcoin is on all time high, why so butt-hurt?

Any Roosh V Forum member who are buying at this price?

(06-07-2017 10:23 AM)Satoshi Wrote:  Any Roosh V Forum member who are buying at this price?

I doubt that you know enough about either the circumstances of other "RVF members" or the market dynamics of bitcoin to make such a blanket assertion with any level of confidence, and seems to only have a purpose of making fun of other guys who may be getting in or thinking of getting in, rather than serious considerations of realities and probabilities.

Furthermore, you have been making approximately the same kinds of assertions for nearly 2 years, since somewhere around $250, and we have about 12x appreciation since when you first started with such assertions.

Nothing is certain, but up continues to remain a bit more likely than down.. at least at this point... and I am not wishing, but instead making an assertion of likelihood, which your snide post does not address with any kind of serious assertion of facts or logic.

Satoshi if you hate Bitcoin so much then why do you keep trolling this thread? Why? If you have no interest in it other than to laugh at it (even as it continues to increase in value), then just go to some other thread and talk about whatever interests you, be that a travel thread or a thread about some other altcoin. I just don't understand why you keep at it. The only plausible explanation I can find is that you perhaps sold Bitcoin when you shouldn't have or you didn't buy it at $300 or whatever. I have that feeling about Dogecoin and ETC, that I should have bought them, but now I can't do anything about it so I don't pointlessly troll people who have Dogecoin or ETC. It is what it is. There's an ETH and altcoin thread where you can discuss any other coins you bought instead of Bitcoin, and you might even have a productive discussion over there.

JJG at this point there's no point in even responding, it's just a waste of your energy too.

(06-07-2017 12:22 PM)Skank_Hunt Wrote:  JJG at this point there's no point in even responding, it's just a waste of your energy too.

It's difficult for me to really disagree with what you are saying, because sometimes these issues occur in other threads, too, and if you don't say anything, people are misled by the troll... maybe moreso for the thread reader who does not read too frequently. .. so it is kind of a catch 22.

So, sometimes I attempt to recognize a potential bright side to discuss some of the substance - regarding what is happening in bitcoin at the moment.

For example, right now, we had a pretty direct price rise from $890 to $2,760, but then a correction down to $1,850.. and in the past few days a pretty quick price rise from $1,550 to $1,933 - I mean that latest rise was a bit too quick - but it puts us in a decent launching position for breaking above $3k..

Of course, there are no guarantees, and we have been dumped on so many times in the past, so sure there are going to be a lot of folks who are nervous about this price and nervous about feeling the need to take profits.. so yeah, take some profits, if you have profits to take, but it seems to me that our current pause in the $2,700 to $2,900 range is not a bad thing.. and the odds are pretty decent for up from here, even though we could experience a few fake outs or even some more minor additional corrections before returning uppity.

I do feel a bit bad for some guys who may have known about bitcoin and failed to invest earlier, but it is what it is, and guys still have to chose, at this point what they are going to do based on if they want to get in or if they want to increase their holdings. So, yeah, any approach forward is going to depend on the guys circumstances.

On the other hand, there are a lot of guys who seem to be making a whole lot of bank in the alt crypto space, and as long as that is working out.. and maybe has a good several more months of possibilities on that, you cannot really argue against guys making money who want to take those risks and have spent some time setting up systems for themselves to dabble in those investments, whether they are employing quickie in and outs or some strategic longer plays. To each his own in that regard, and surely bitcoin is relatively less sexy than some of that, but there remain plenty of opportunities with bitcoin, even at the sub $3k price points...

exciting times, indeed.

Moving some of my BTC from gdax to poloniex. Transaction is still unconfirmed after 1 hour. A little worrying...

EDIT: It finally confirmed. Whew...

(06-07-2017 09:52 PM)CleanSlate Wrote:  Moving some of my BTC from gdax to poloniex. Transaction is still unconfirmed after 1 hour. A little worrying...

EDIT: It finally confirmed. Whew...

Sure, I think that we have had several weeks, and possibly even close to a month is which transaction fees have skyrocketed and and transaction times have become quite delayed.

Sure, these have likely been knows, so I don't know about the characterization of "worrying". In spite of this bitcoin prices have been going up quite dramatically.

I can relate to your experience, and I even had a few transactions that took several days to go through, so it seems to be the current status of bitcoin.

Accordingly, we have ongoing upwards price actions in spite of these issues with higher fees and longer transaction times, which are likely not going to stop BTC prices to going into the $4k to $6k territory, but it may be a factor in the July/August FUD spreading in which bitcoin "dies" again, and we get possibly more than a 50% correction and possibly back below $2k... . but likely, we are still going up before we go down, so even though users, including you, me and likely several other RVF guys are experiencing higher transaction times and fees, the market does not seem to be "worried" about this during this current up ongoing pump and uptrend that seems to be based on other kinds of fundamentals.

This article generally represents what mainstream wants, and I think that a lot of RVF guys believe these points, too.

https://www.forbes.com/sites/laurashin/2...42c57acb31

In other words, the prediction is down before up, but I, personally, think that the odds are against such prediction, and we are at least going above $3,000 first and possibly as high as $3600 and furthermore, possibly between $4k and $6k within the next 6 weeks.. and then the FUD of this particular article could be useful after we first reach the $4 to $6k range..

Sure, I could be incorrect, so maybe I am giving my scenario a 55% odds versus the scenario of the article as 45%.. So I am not betting the farm on my scenario because it is only slightly more in favor of the alternative scenario.

In other words from June to mid-July, bullish and from mid July to September-ish, bearish. approximately. Either way, I am selling on the way up and buying on the way down, so I only change my strategy on the margins.

Now, if we don't want to wait 2 weeks or have our transactions cancelled, we need to put 4-6$ fees. That sucks if we want to pay something like a VPN at 7$.

(06-08-2017 08:11 AM)Mat_hieu Wrote:  Now, if we don't want to wait 2 weeks or have our transactions cancelled, we need to put 4-6$ fees. That sucks if we want to pay something like a VPN at 7$.

Yep.. currently, bitcoin is not working very well for small transactions. Hopefully this will be resolved in the future, but it is unclear at this moment what is the resolution, and whether any resolution will be for several months, at minimum.

Still seems to me that this transaction fees and transaction times is not a new problem. I mean it has been going on for a month or more, but the price has been going up in spite of this current actual problem that you describe.

Now, it is possible that the top has already been reached, but I am putting such odds at 45%, and other guys are surely free to put such odds higher - 90% or whatever they feel is reasonable in their scenario. There seem to be a lot of RVF guys who are putting way more assets into ETH and some other coins, and I am not one of them. We will see how these matters play out in the short, medium and long term and of course a bet now can be changed down the road, if needed, too.

Nothing to see here, long transaction times, very high fees. Nothing to see the price is still going up.

https://m.youtube.com/watch?v=5NNOrp_83RU

I just sent ETH, it took 34 seconds and cost $.01.