My business gets hit up with people who want us to integrate bitcoin as a payments solution every once in a while.

We usually laugh in their face. It's not anywhere near ready for that.

I'm not convinced segwit2x is a done deal, or accepted by many of the core developers and by the miners. I wish news about this was more readily available, but you have go off what the major players are saying on twitter to get a very good impression. Here is the latest publicized news about the process.

If segwit2x runs into very much resistance, I feel this is bearish news for Bitcoin considering the timeframe. The bulls will probably pump it a few more times at 2430, but without reliable, good news on this be prepared for a down swing.

(06-30-2017 12:08 PM)Stun Wrote:  I'm not convinced segwit2x is a done deal, or accepted by many of the core developers and by the miners. I wish news about this was more readily available, but you have go off what the major players are saying on twitter to get a very good impression. Here is the latest publicized news about the process.

If segwit2x runs into very much resistance, I feel this is bearish news for Bitcoin considering the timeframe. The bulls will probably pump it a few more times at 2430, but without reliable, good news on this be prepared for a down swing.

Of course, the situation is not resolved, yet, but the combination of segwit2x and the UASF, BIP148 and BIP 91 reconciliation of these seemingly conflicting proposals, seems to have caused a situation in which the segwit portion is more and more certain and also that seg wit is seeming likely to become active and locked into bitcoin by mid to late August.

So the segwit portion is bullish.

On the other hand, the aspects pertaining to 2mb upgrade, the hardfork and attempts at changing consensus levels. Those matters remain in contention. A major thrust of this whole contentiousness is not about the technology such as the 2mb upgrade or the hardfork , but the desire of a large number of folks to change consensus and to make matters easier to change in bitcoin.

There is a belief that if things are easier to change in bitcoin then it will take away disputes, but probably the opposite is true.

Anyhow if segwit goes thorugh then the threat of a hard fork seems to be put off until November-ish.. so the short term is not necessarily as bearish as you are making it out to be --- and it is possible the at the short term is even bullish - based on the seemingly segwit portion becoming more and more likely to get locked in.. (sure locking that portion in is not a done deal yet, but it is looking more and more likely based on the various BIPs that are out there and how consensus seems to be lining up around that part of the matter).

Senator's War on Cryptos and Cash:

https://mail.google.com/mail/u/0/#sent/1...rojector=1

We all need to fight this Senate bill 1241 and write all of our Congressmen and Senators and Mr. Trump and Team... that the unintended consequences will be to drive off the greatest innovations since the internet to more Crypto friendly countries like Switzerland both the Ethereum and LiteCoin foundations moved to Switzerland.... this could cripple Trillions of Dollars of new Market Capitalization in the next 5 to 10 years and severely cripple the US Treasuries tax receptis from the sale of these Blockchain-Crypto Currencies by early investors and developers.

This proposed law is onerous - will eliminate anonymous tang hunt and bang runs as well - very likely to be weaponized against red pill men...

Covers all Prepaid Access Devices, DigitalCurrencies - Digital Tumblers - Bitcoin Anonymizers - Cards, Plates, Codes, Mobile or Personal ID Numbers to Portals... Smart Phone Wallets and Notebook PC Email accounts to see what emails you have sent...

This is the type of surveillance industrial state intrusiveness that never ends with these Deep State cucks - this is nothing less than preparation for a Cyprus Style "Net Asset Sweep" bail in to deal with the enormous Obamunists weaponized US Budget Deficits and Un-payable enormous unfunded Federal State County City and local towns Pension Liabilities - really just theft of your Retirement Savings and Investments Accounts...

We all have to FIGHT this mega Deep State overreach.

I will be contacting and donating to Rand and Ron Paul over this as well...

Here's an hour long interview of Trace Mayor that was just put on his podcast today, even though the interview seems to be about a month old, based on his discussion of then current BTC price of $2300 and ETH price of $200...

How matters fly quickly in this space... but his discussion seems still relevant - and he is almost always bullish about bitcoin, including in this interview... in which he mostly discusses bitcoin and its fundamental storage of value, future value and propositions about amount of bitcoins in circulation. Towards the end, he also does a little bit of comparison and contrast of ETH and Ripple.

https://itunes.apple.com/us/podcast/bitc...70981?mt=2

There is hardly any certainty to the direction of this segwit2x thingie-ma-jiggie.

As many of you may realize, the segwit2x code released today, and it should not really be a surprised that on the surface, the code looks tricky and buggy as fuck.

In other words sloppy. Segwit2x is also going to be running on some newly created testnet for 2weeks and they are not running it on the already created testnet - which really seems hiding the ball kind of suspicious.

Anyhow, today, it appears that LukeDashJr, wrote a review about the released code and he is not impressed and eve questions the extent to which any actual business is going to want to run the sloppy and/or tricky code that has been presented.

https:[email protected]/the-segwi...480694a8c7

We are a bit through half of the weekend, and of course a bank holiday coming on Tuesday.

Seems that largely BTC prices remain in the $2,350 to $2,700 range - even though we got close to the lower end of the range, less than 24 hours ago.

This week's candle will be closing in about 2 hours, so there may be a bit of a nail biter whether it is going to close red or green. I think that it has to close a little bit above $2,502 in order to be green, and as I type prices are bouncing between $2,480 and $2,517 and seemingly slightly in the upwards movement direction, for the moment, but the weekly candle could close either way.

So, my assertion of the current price range of $2,350 to $2,700 remains quite large, even though a more strict analysis inclines towards the use of triangles, which suggests that over time the price range is going to consolidate into more and more narrow - as compared to my less formal and more armchair approach which allows me to deviate in my own thinking about what is relevant to price or its possible direction.

In any event there seems to be a bit uncertainty in the current price direction - and maybe even I am heading towards the 50/50 arena regarding the direction of the break out - whereas a few days ago I was a bit more inclined towards the consideration of an UPWARDS price break.

If some of you may not have heard about the latest drama with the fake satoshi - Craig Wright.

He made an unexpected and stupid-ass speech and presentation yesterday

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

More or less, CW seems to be suggesting that he is teaming up with various BU and anti-segwit proponents in order to hardfork bitcoin because he thinks that segwit is an inferior solution in terms of scaling and even security.

I am not trying to give CW too much credit, and it is possible that his chiming in could have an inverse affect on BTC prices, because maybe in the end, the sooner and more ridiculous the proposed hardfork, the less likely such a proposed hardfork would be successful and the more likely that the segwit version of bitcoin can move forward with whatever remaining hashpower remains with such segwit fork?

Here's another article in which whalepanda is ciritical of the CW motives and alliances.

https://hackernoon.com/nchain-in-the-bra...15a8b07f04

Hi Jay should I put one coin in that?

(07-03-2017 08:05 PM)el mechanico Wrote:  Hi Jay should I put one coin in that?

I'm not sure if I understand the question. Are you just asking about whether this is a good time to buy generally, in spite of various uncertainties and weirdnesses going on in the bitcoin space?

Currently, we are approximately in the middle of what I had proposed to be the trading range of $2350 to $2700, and we seem to continue to have ongoing upwards price pressures, even though that really does not tell us too much about whether BTC prices are going to break out to the upside or to the downside, and I am a bit torn about the direction of the likely breakout too... but what else is new?

Most of the time, I am torn, even if I make an attempt at describing the price situation, and for example, now we should not be getting too excited unless it appears that we are going to leave the price range in one direction or another.

So, I apologize if I don't get the reference, yet with the passage of time, my suggestions don't really change too much because I continue to advocate a kind of incrementalism, and your thinking on the topic would likely be different if you don't own any bitcoin compared with if you have accumulated quite a few of them.

If your question is about investing in Craig Wright or some other specific fork of a thing that is going on, I would need some clarification regarding such an investment potential.

What are you guys doing for August 1st? Holding or buying altcoins/USD/tether?

I myself am interested in buying BTU, assuming a fork.

(07-04-2017 09:31 AM)[email protected] Wrote:  What are you guys doing for August 1st? Holding or buying altcoins/USD/tether?

I myself am interested in buying BTU, assuming a fork.

There's nothing wrong with hedging bets in various ways or even giving a high probability to an event occurring, such as a forking...

Yet, there is a bit of lack of clarity in what you are saying. I think that you are referring to the uncertainties of a hardfork, right?

The August 1 UASF - is a softfork, yet there are other various possibilities of hardforking mixed up in there but not as likely to occur before November or so, if at all.

A softfork is much more easy to gradually measure the effects as compared with a hardfork. Accordingly, we have various levels of signaling of intention going on, and we have various levels of actually running software that would trigger various BIPS to become activated if the software being run reaches certain threshold levels (such as 80%).

Even though a hardfork could occur at any time, the odds of a hardfork seem pretty low in the immediate future, because some of these other more softforking scenarios seem to be more likely to play out in order to at least achieve the segwit portion of the implementation... but we have gaming going on in regards to whether those thresholds will occur, too.. and confusion. I follow this shit on a regular basis and I find it quite confusing to attempt to calculate how these matters might play out.. even when there are so many scenarios in which seg wit implementation (in a kind of softfork) manner seems to be very likely to reach a high enough consensus level for a long enough period of time that it will get locked in.

In other words, it seems that something like November would be more possible and reasonable for a hardfork, but I understand with all of this gaming bullshit, the element of surprise can play a very important role, too, so if there are some ways that the hardforking nutjobs believe that they can muster enough support to follow, then they might pull the hardforking trigger... but we seem to be quite a ways away from that state of affairs (even given the caveat of the element of surprise that could be attempted).

Accordingly, I am not really seeing any justification for rash actions or rash reallocations, but certainly, any guy can consider this differently, and consider various reallocation preventative measures in the coming weeks, whether that is reallocating 20% or 50% or even 100% of some parts of your crypto investment(s)

I am very interested in this.

(07-05-2017 10:46 PM)tellmewhy Wrote:  I am very interested in this.

You mean bitcoin specifically, because there is at least one other active RVF crypto thread, too?

Also there are a lot of parts of bitcoin.. are you interested in buying, or have you already bought some?

I believe a few days ago Core released some BIP148 supporting code.. that is the BIP supporting August 1, user activated softfork... I saw it and I had thought that I posted it here... oh well, here it is:

https://bitcoinuasf.org/

Previously, I had thought that core was distancing themselves from BIP148, but maybe I had been misreading - and there also seems to be some gaming going on with segwit2x, too that may end up attempts to pull mining power from support of such segwit2x prior to the locking in of segwit - so if there are other leveraging mechanisms that cause segwit to get locked in, then that could be more reassuring to bitcoin and to markets, maybe?

I just finished reading the position paper for Tezos and learned more about Bitcoin in about 30 minutes than I have in several months.

It seems to me that the Proof of Work model on which Bitcoin operates is ultimately going to be obsolete. The fact that it requires burning fiat does protect it from attacks but it ultimately seems unsustainable in the long term.

I'm sure this has already been discussed in the thread somewhere but given the fact that I have been dollar cost averaging into bitcoin since January of this year and that I am currently day trading with other Alts to ultimately acquire more BTC, it does give me some pause about me being long on BTC. I don't see it going away any time soon as there are way too many big players financially invested in its success but I think its starting to loose some of the benefits of its first mover advantage.

Here is the paper if any wants to read:

https://www.tezos.com/static/papers/position_paper.pdf

(07-06-2017 05:19 PM)Bill Brasky Wrote:  I just finished reading the position paper for Tezos and learned more about Bitcoin in about 30 minutes than I have in several months.

It seems to me that the Proof of Work model on which Bitcoin operates is ultimately going to be obsolete. The fact that it requires burning fiat does protect it from attacks but it ultimately seems unsustainable in the long term.

I'm sure this has already been discussed in the thread somewhere but given the fact that I have been dollar cost averaging into bitcoin since January of this year and that I am currently day trading with other Alts to ultimately acquire more BTC, it does give me some pause about me being long on BTC. I don't see it going away any time soon as there are way too many big players financially invested in its success but I think its starting to loose some of the benefits of its first mover advantage.

Here is the paper if any wants to read:

https://www.tezos.com/static/papers/position_paper.pdf

Sure, you can lessen your allocation in bitcoin and increase your allocation in other coins if you believe that crap... The technically sophisticated article is a more in-depth way of coming to the same conclusions, like you said, to somehow suggest that proof of stake is more sustainable than proof of work and arguing that bitcoin is flawed and not going to play out in the long term..

Nearly pure speculation, and the fact of the matter is that bitcoin resolved the double spend problem and has a continued building on that with computing power that continues to be directed towards bitcoin.

Certainly, I don't advocate investing in any crypto, including bitcoin on any kind of locked-in 20 year term - and with any of these crypto matters, it can be a decent plan to consider your allocation in such a way that you are prepared for exponential price movements that could go in either direction.. and even keeping an open mind about whether some reallocation might be warranted...

I guess my point is that the technological sophistication of the arguments in the article don't move me in terms of their pointing out any kind of meaningful issue at the moment - except the recognition that there are a lot of folks that want to shake you from holding your bitcoins... in order that they can pick up some cheaper coins.

Certainly in the coming months we are facing some very interesting scenarios involving the four questions regarding implementation and changes in implementation.. 1) segwit, 2) 2mb upgrade 3) hardfork 4) changes in rules of consensus.

At the moment, it seems as if only the first one is going to go through - even though there is a large amount of disinformation and aspirations to muddy about the waters about the remaining three issues... and alt-coin propaganda is weaved into these discussions.

So, yeah, figure out your allocation preferences? You going to invest in ETH?

Well, sure there are a lot of ways to individualize your holdings, and there is not a shortage of information striving to denigrate and call for bitcoin's current death or soon to be coming death.

By the way, have you looked at the daily weighted BTC price averages lately?

My fucking god!!!!! This remains a phenomenal period of time in which bitcoin prices have been in the upper arena of its range and within striking distance of ATHs for so many months.. 6 months now?

https://bitcointalk.org/index.php?topic=...sg19967438

Surely, such data is not conclusive regarding the price direction, but the it seems to show me that we have been experiencing a kind of unprecedented long period of ATH price territories.. .. and kind of sustainable too.. because there have been many unsuccessful efforts to attempt to get the price to go down.. and the buying pressure seems to be ongoing and too great and the price just does not seem to want to go down..

So in that regard, even if we get a correction down to $1500 or below, seems like it is going to take a whole hell-of-a-lot of efforts to get there.. and even that scenario would not necessarily convert BTC into a bear market - because remember????? we were just solidly below $1200 less than 3 months ago..

so yeah, peeps keep expecting the crash of bitcoin and sooner or later they are going to be correct, in spite of the seeming continuing and amazing ongoing upwards price pressures.

Sure, my BTC holdings would diminish in value by more than 50% if prices go down to $1200, but I got quite a bit of fiat stacked up and kind of waiting for such a drop too... that is seeming quite difficult to play out in the real and actual world of current BTC price dynamics.

I'm wanting to take a break from day trading and have started loaning Ether on Bitfinex. I saw some of the BTC funding bids and several are paying well over 1000%, one as high as 8500% per DAY for about 4,500 bitcoins (roughly $11,000,000).

The loan periods are for about 2 days.

Is there something I am not reading correctly?

(07-06-2017 08:56 PM)Bill Brasky Wrote:  I'm wanting to take a break from day trading and have started loaning Ether on Bitfinex. I saw some of the BTC funding bids and several are paying well over 1000%, one as high as 8500% per DAY for about 4,500 bitcoins (roughly $11,000,000).

The loan periods are for about 2 days.

Is there something I am not reading correctly?

Maybe you can give a link or two, or send the link privately, because something does not sound right about that.

I do understand that there are a variety of ways to make money on your bitcoin, including loaning them out... I personally have not been engaging in such practices, but maybe some other RVF guys have been.

It's always possible!

I haven't done any trading in 2019 at all (Or most of the last half of 2018, for that matter), so it's not like I'm selling stuff.

I'll continue to watch, and if we go on another bull run I'll get back in.

wrong thread

(03-02-2019 07:00 PM)SamuelBRoberts Wrote:  Had a final falling out with the business partner who did I lot of my BTC stuff with. He walked off with a bunch of my money, and I'm finally rid of him.

I think that's more or less the end for my involvement with bitcoin, though I'll continue to monitor it.

That's a good hook. Now I want to hear the dramatic story in detail.

(03-02-2019 07:00 PM)SamuelBRoberts Wrote:  Had a final falling out with the business partner who did I lot of my BTC stuff with. He walked off with a bunch of my money, and I'm finally rid of him.

I think that's more or less the end for my involvement with bitcoin, though I'll continue to monitor it.

I'm trying to ponder about what you just did there.

A non-sequitur, perhaps?

It's like saying. I had some money, and then I got robbed. I am going to avoid money in the future in order to avoid getting robbed.

In other words, whether or not to invest in bitcoin seems to be a decision that any guy should consider based on his knowledge of the topic while attempting to apply his own particular circumstances to such knowledge. If you been involved in bitcoin for more than two years (which seems to be the case from your posts in this thread), then your level of bitcoin knowledge is greater than at least 90% of the world's population, which will give you a considerable knowledge advantage - which is half the battle.

Currently, the only people that I am suggesting NOT to take any stake in bitcoin are those who have time horizons of less than 2 years. Otherwise, for everyone else, who has at least a 2 year time horizon, some stake in bitcoin seems to be prudent, even if such stake is only 1% of the person's investable assets.

Here's a nice little tweet from the CyrptoBull regarding bitcoin's March market prices going back to 2010.

https://twitter.com/CryptoBull/status/11...9857402880

(03-02-2019 05:14 PM)JayJuanGee Wrote:  Here's a February 2019 newsletter about "crypto" that seems fairly bullish about longterm crypto... or at least looking into the "crypto" matter, yet the overall assessment seems overly conservative with recommended ceilings of about 1% in terms of the amount invested into "crypto" and without some specific assessment of bitcoin specifically as the likely ongoing leader (at least in terms of the sound money aspect rather than seeming to get confused by the tech of various inferior cryptos (aka shitcoins... hahahahahaha)).

Surely, I would fault them, a bit, for lumping cryptos instead of focusing on an attempt to focus analysis on bitcoin, and if they were to truly assess the sound money aspects of bitcoin then they might come to a more aggressive portfolio percentage allocation that would more easily surpass 1% and might even bring them into a more aggressive and likely profitable 5% to 10% range... . hahahahaha

https://www.cambridgeassociates.com/rese...e-unknown/

https://twitter.com/alecziupsnys/status/...12608?s=21

>>>>>>>>Financial advisors when you mention bitcoin:

2012: Laugh at you

2017: Maybe 1% as a hedge

2018: Laugh at you again

2020: In hindsight, you should have really had about 5-10% in bitcoin

2030: Maybe 1% in fiat as a hedge against bitcoin<<<<<<<


Above is the text of a tweet that says something similar to what I had been suggesting in my above post, which is that 5-10% might be a good allocation towards bitcoin now, rather than 1%, but in any case, it seems that we continue to be really early adopters in terms of BTC, and most financial advisors are going to be negative or dismissive about BTC - additionally so because there are very few BTC financial instruments in which they could recommend BTC and that they can also makes some money too (on fees).

Still, one of the best and most powerful ways to invest in bitcoin is directly, rather than through a financial advisor, which, in the future, may cause you to wonder about why you are investing much of anything through a "financial advisor" and allowing that third party to take fees from you and likely to underperform your BTC investment(s).