(10-31-2016 11:02 AM)Il Bersagliere Wrote:  

(10-30-2016 04:19 AM)SunW Wrote:  

(10-29-2016 02:32 PM)Il Bersagliere Wrote:  Is anyone willing to give me BTC for my PayPal? Please PM me. Good rates please.

For other members, do not do this at all. Bitcoin transactions are final, while PP is not. Also, selling bitcoin is not legal in all jurisdictions and if anything nefarious happens, you could be on the line.

If you want to buy bitcoin off exchanges, use an ATM.

No shit.

Let members decide for themselves whether they want to sell to me or not. The feds are not gonna pick you up for selling me 30 bucks worth of bitcoin. Trust me, if I could use PayPal to pay with this particular merchant, I would, but nearly every bitcoin vendor/exchanger wants a snapshot of my identity. To be honest, they are gonna smoke rocks before they get that information. And what's worse -- they fail to get the big picture about overall anonymity.

I can't wait until this garbage gets replaced or at least until the price falls. To reiterate -

(10-29-2016 02:32 PM)Il Bersagliere Wrote:  Is anyone willing to give me BTC for my PayPal? Please PM me. Good rates please.

Try Circle App, I don't remember them asking for a picture of my ID when I signed up and they allow $300 purchases at a time. Can't understand what you'd want to buy where they'd only allow BTC denominated funds unless it's some sort of silk road type deal... and if you're going to keep buying it, you might as well just buy whatever the minimum amount people on localbitcoin are offering.

(10-31-2016 05:51 PM)booshala Wrote:  

(10-31-2016 11:02 AM)Il Bersagliere Wrote:  

(10-30-2016 04:19 AM)SunW Wrote:  

(10-29-2016 02:32 PM)Il Bersagliere Wrote:  Is anyone willing to give me BTC for my PayPal? Please PM me. Good rates please.

For other members, do not do this at all. Bitcoin transactions are final, while PP is not. Also, selling bitcoin is not legal in all jurisdictions and if anything nefarious happens, you could be on the line.

If you want to buy bitcoin off exchanges, use an ATM.

No shit.

Let members decide for themselves whether they want to sell to me or not. The feds are not gonna pick you up for selling me 30 bucks worth of bitcoin. Trust me, if I could use PayPal to pay with this particular merchant, I would, but nearly every bitcoin vendor/exchanger wants a snapshot of my identity. To be honest, they are gonna smoke rocks before they get that information. And what's worse -- they fail to get the big picture about overall anonymity.

I can't wait until this garbage gets replaced or at least until the price falls. To reiterate -

(10-29-2016 02:32 PM)Il Bersagliere Wrote:  Is anyone willing to give me BTC for my PayPal? Please PM me. Good rates please.

Try Circle App, I don't remember them asking for a picture of my ID when I signed up and they allow $300 purchases at a time. Can't understand what you'd want to buy where they'd only allow BTC denominated funds unless it's some sort of silk road type deal... and if you're going to keep buying it, you might as well just buy whatever the minimum amount people on localbitcoin are offering.

As you may know, Circle has been around since about mid-to-late 2014, and I am pretty sure that they have increasingly upped their KYC/AML requirements.

Furthermore, you have to pretty much link to a bank account or a credit card to buy on Circle, so it does not seem to be a very good solution for Il Bersagliere; however, on the other hand, I personally believe when you are dealing with such stupid-ass small amounts (I would even characterize $1,000 or smaller as such a stupid-ass small amount that is not going to really garner very much attention from anybody, even if you were using it for some kind of nefarious purpose - not that I am advocating nefariousness.. hahahahahahaha), it does not really matter that much regarding having some traceability of the origination of the funds.

In fact, you can get the funds, and then you can send them to your own personal wallet, and then you can send them to some kind of mixer or some kind of location in which you can also withdraw them to another wallet that you have control over, and in the end, who is going to give a shit about sporadic amounts of less than $1,000, unless there is some easily traceable pattern of conduct and you are going directly into your supposed "nefarious" and/or wanna-be private activity.

So, in the end, when guys are getting so worked up about privacy in respect to relatively small amounts, I find that to be kind of trivial.. Yeah, sure, I suppose if your whole life involves questionable and arguably "nepharious" activities, then the importance of even small amounts of financial activity could be important.. but on the other hand, even supposed persons who are engaging in ongoing nepharious and quasi-criminal activities (not that I am advocating any such thing.. again, a disclaimer..) should have various financial systems in place in order to show some formal above ground and/or tax reportable financial life.

You know in my thinking it just seems quite pie-in-the-sky and outlandish to expect that guys can live lives that are 100% off of the grid these days... though sure I am not attempting to denigrate any guys who aspire to as much off of the grid as is reasonable and feasible for their circumstances.

This is so exciting! BTC to the MOON!

(11-01-2016 07:12 AM)Satoshi Wrote:  This is so exciting! BTC to the MOON!

Chances are pretty decent that you are being sarcastic and butt hurt with this latest nonsubstantive post; however, your BTC investment (if you would call it that?) situation can remain a decent talking point - in which maybe, just maybe, RVF guys could learn about tendencies that exist that have the potential to influence guys towards wanting to gamble too much with their bitcoin investment or to become too emotionally attached to whatever position that they take.

I cannot completely fault you for your practice because there exists some kind of general tendency to employ such strategies and to have such emotional reactions to investments. In that regard, it is easy to get caught up in the emotions of the moment and sometimes to buy into misinformation, the wrong facts, the wrong logic and misleading information and not to take a reasonable, sustainable and/or realistic long term strategy.

Surely you had a good and lucky start in about mid-2012 when you were introduced into bitcoin and because of your use case introduction to bitcoin, you actually decided to buy some additional bitcoin in case it were to go up in value (which caused you to incidentally become a bitcoin speculator) and to your surprise after a bit of back and forth and even some mistakes by you, bitcoin prices went up considerably, like what ended up being 100x over 2013.

It surely is tough for guys not to attempt to attempt to get some credit for being smart, when they, such as you, were in fact mostly lucky and had a sufficiently large enough stake in order that you could profit fairly immensely from such boom (though probably because of some of your buying and selling mistakes you were more like 25x at your max, rather than 100x, but still you were doing pretty well, at least on paper and you seemed to actually had cashed in on some of those gains). You were also quite emotionally about bitcoin, and so much (and maybe even superficially to some extent) that you changed your RVF name to Satoshi.

And, sure you made some mistakes along the way in selling parts too soon and then buying higher and then not selling some parts when it was high and then selling lower in 2014 and 2015, and quite a bit of that is understandable because it remains really difficult to predict BTC price movements... and we can certainly and understandably make some mistakes, in this regard.

Accordingly, there can be some stress in holding BTC over an extended period and watching the value of your holdings go up and down. And, in this particular situation, nearly 2 years of a subsequently obvious bear market between late 2013 and late 2015 will cause quite a few folks to become more jaded in regards to bitcoin, especially when they begin to buy into some of the bitcoin 2.0 marketing propaganda of various other alts, which causes in your case, Satoshi, caused to sell ALL of your BTC in the mid-$200s, proclaim that bitcoin is dead - only to witness bitcoin to explosively go up thereafter (even though I will give it to you that BTC did have one more downward leg to the lower $200s after you sold in the mid $200s and before it explosively moved up to $500 and then settled in the $350 to $450 range for about 5 months)

So, there is nothing really wrong with making BTC buy and sell mistakes and even being mislead by some of the propaganda - even though it becomes a bit more irritating when you, Satoshi, had seemed to have become so jaded and immature about the matter of your own personal investment that you cannot even carry out any kind of meaningful and substantive adult conversation about the matter or even about bitcoin in this thread - and then you get so emotionally invested into your own situation, and maybe even combined with a bit of a gambling and irrational (double down bug)? This later emotional instability caused you to become so heavily invested in the idea that bitcoin was going to die because of the Bitfinex hack in early August 2016, so you leverage shorted in the mid $500s and said that you were so confident that you were not going to get margin called until the mid-$600s and accordingly, you lost a considerable amount of money in that stupid-ass process, especially to get involved in leverage in order to attempt to predict beyond any reasonable abilty and to attempt to make up for what you consider to be your previous BTC/Crypto losses.

In any event, prices never really went below the price point that you opened your leveraged short, and you closed your Bitfinex-scandal related short with your tail between your legs, even though you had been quite adamant about it and attempted to get other RVF guys to follow, and would have been gloating with uncontrollable glee if you had happened to predict the price direction correctly (seems to be a bit more of a sign of insecurity and immaturity).

Sure, even though I have some doubts, there could still be a possibility that you will snap out of your nonsense and return to attempting to make meaningful contributions to this thread. Hope springs eternal.

By the way, are you back in yet? or are you waiting for another meaningful dip, maybe below $400 or some other unrealistic price point?

By the way, below are a couple of links to technical analysis bullish articles that were published in the past 24 hours.


1) https://www.reddit.com/r/Bitcoin/comment...ne_of_the/


2) http://bitcoinist.net/technical-analysis-bitcoin-1500/

^^ Damn, you talk about how he would be "gloating with uncontrollable glee" but you just dedicated a huge post talking about how stupid he was and how you were right and he was wrong.

I think this speaks to the general vibe I get from your posts: you provide interesting links and you obviously follow the market like a hawk... Unfortunately, your verbosity is really off-putting. e.g. I think one guy wrote a few sentences if anyone would sell him $30 worth of BTC and you responded with 15 paragraphs of text. Also noticed your tendency to request detailed explanations/proof from guys who chime in with their opinions, especially if they don't share your bullishness. Some guys just want to gamble or have a "gut feeling". Others have already made money in this and are just weighing in. Not everyone thinks about pricing in bands and breakout points, etc.

If you want more participation, I'd suggest laying off a lot and letting the discourse flow more organically rather than attempting to jam it into your mold.

(11-01-2016 05:10 PM)booshala Wrote:  ^^ Damn, you talk about how he would be "gloating with uncontrollable glee" but you just dedicated a huge post talking about how stupid he was and how you were right and he was wrong.

Yeah... poor Satoshi...

You seemed to support his trolling "humor" earlier as well.

(11-01-2016 05:10 PM)booshala Wrote:  I think this speaks to the general vibe I get from your posts: you provide interesting links and you obviously follow the market like a hawk... Unfortunately, your verbosity is really off-putting.

Read the parts that you like, or don't read it at all. That's up to you.

(11-01-2016 05:10 PM)booshala Wrote:  e.g. I think one guy wrote a few sentences if anyone would sell him $30 worth of BTC and you responded with 15 paragraphs of text.

That is more or less correct, and the situation also could be known as a decent opportunity to discuss a topic that sometimes can be quite confusing and conflicting for guys, including myself, in deciding whether and what terms to engage in private bitcoin transactions and to compare those options with other options that may be available.

(11-01-2016 05:10 PM)booshala Wrote:  Also noticed your tendency to request detailed explanations/proof from guys who chime in with their opinions, especially if they don't share your bullishness.

Sure. It seems to be a fairly decent idea for any guys to back up what he is saying with evidence or logic (or to disclose that he does not have any), especially if the claim seems to be contrary to actual facts and/or logic.

(11-01-2016 05:10 PM)booshala Wrote:  Some guys just want to gamble or have a "gut feeling".

Sure. Nothing wrong with gambling so long as you know that is what you are doing, and sometimes, guys may believe that they are investing when they are gambling or believe that they are gambling when they are investing. Not bad talking about these kinds of concepts, and surely crypto currencies, including bitcoin bring a lot of trading (and gambling opportunities) for whichever type you happen to be.

(11-01-2016 05:10 PM)booshala Wrote:  Others have already made money in this and are just weighing in. Not everyone thinks about pricing in bands and breakout points, etc.

O.k. sure. If a guy happens to be cashing out, though, he may be thinking that the price is going down, or at least he does not want to risk taking any chances in regards to whether the price is going up. Not bad to hear ideas or other ways of thinking about the matter - even though there does tend to be quite a bit of interest regarding price and changes in price and even some of the topics that I present or respond to

(11-01-2016 05:10 PM)booshala Wrote:  If you want more participation, I'd suggest laying off a lot and letting the discourse flow more organically rather than attempting to jam it into your mold.

Seems that you think that there is pent up RVF member interest in this topic? Interesting.

(11-01-2016 05:10 PM)booshala Wrote:  ^^ Damn, you talk about how he would be "gloating with uncontrollable glee" but you just dedicated a huge post talking about how stupid he was and how you were right and he was wrong.

I think this speaks to the general vibe I get from your posts: you provide interesting links and you obviously follow the market like a hawk... Unfortunately, your verbosity is really off-putting. e.g. I think one guy wrote a few sentences if anyone would sell him $30 worth of BTC and you responded with 15 paragraphs of text. Also noticed your tendency to request detailed explanations/proof from guys who chime in with their opinions, especially if they don't share your bullishness. Some guys just want to gamble or have a "gut feeling". Others have already made money in this and are just weighing in. Not everyone thinks about pricing in bands and breakout points, etc.

If you want more participation, I'd suggest laying off a lot and letting the discourse flow more organically rather than attempting to jam it into your mold.

Hahaha if that whole post is a respons to me then I need a tl;dr. I just came here to pump the bubble wanna see an epic race soon! Let's see if JJG buys at the top this time too.

(11-01-2016 08:17 PM)JayJuanGee Wrote:  

(11-01-2016 05:10 PM)booshala Wrote:  ^^ Damn, you talk about how he would be "gloating with uncontrollable glee" but you just dedicated a huge post talking about how stupid he was and how you were right and he was wrong.

Yeah... poor Satoshi...

You seemed to support his trolling "humor" earlier as well.

(11-01-2016 05:10 PM)booshala Wrote:  I think this speaks to the general vibe I get from your posts: you provide interesting links and you obviously follow the market like a hawk... Unfortunately, your verbosity is really off-putting.

Read the parts that you like, or don't read it at all. That's up to you.

(11-01-2016 05:10 PM)booshala Wrote:  e.g. I think one guy wrote a few sentences if anyone would sell him $30 worth of BTC and you responded with 15 paragraphs of text.

That is more or less correct, and the situation also could be known as a decent opportunity to discuss a topic that sometimes can be quite confusing and conflicting for guys, including myself, in deciding whether and what terms to engage in private bitcoin transactions and to compare those options with other options that may be available.

(11-01-2016 05:10 PM)booshala Wrote:  Also noticed your tendency to request detailed explanations/proof from guys who chime in with their opinions, especially if they don't share your bullishness.

Sure. It seems to be a fairly decent idea for any guys to back up what he is saying with evidence or logic (or to disclose that he does not have any), especially if the claim seems to be contrary to actual facts and/or logic.

(11-01-2016 05:10 PM)booshala Wrote:  Some guys just want to gamble or have a "gut feeling".

Sure. Nothing wrong with gambling so long as you know that is what you are doing, and sometimes, guys may believe that they are investing when they are gambling or believe that they are gambling when they are investing. Not bad talking about these kinds of concepts, and surely crypto currencies, including bitcoin bring a lot of trading (and gambling opportunities) for whichever type you happen to be.

(11-01-2016 05:10 PM)booshala Wrote:  Others have already made money in this and are just weighing in. Not everyone thinks about pricing in bands and breakout points, etc.

O.k. sure. If a guy happens to be cashing out, though, he may be thinking that the price is going down, or at least he does not want to risk taking any chances in regards to whether the price is going up. Not bad to hear ideas or other ways of thinking about the matter - even though there does tend to be quite a bit of interest regarding price and changes in price and even some of the topics that I present or respond to

(11-01-2016 05:10 PM)booshala Wrote:  If you want more participation, I'd suggest laying off a lot and letting the discourse flow more organically rather than attempting to jam it into your mold.

Seems that you think that there is pent up RVF member interest in this topic? Interesting.

Haha there is no point trying booshala.

(11-01-2016 03:00 PM)JayJuanGee Wrote:  

(11-01-2016 07:12 AM)Satoshi Wrote:  This is so exciting! BTC to the MOON!

Chances are pretty decent that you are being sarcastic and butt hurt with this latest nonsubstantive post; however, your BTC investment (if you would call it that?) situation can remain a decent talking point - in which maybe, just maybe, RVF guys could learn about tendencies that exist that have the potential to influence guys towards wanting to gamble too much with their bitcoin investment or to become too emotionally attached to whatever position that they take.

I cannot completely fault you for your practice because there exists some kind of general tendency to employ such strategies and to have such emotional reactions to investments. In that regard, it is easy to get caught up in the emotions of the moment and sometimes to buy into misinformation, the wrong facts, the wrong logic and misleading information and not to take a reasonable, sustainable and/or realistic long term strategy.

Surely you had a good and lucky start in about mid-2012 when you were introduced into bitcoin and because of your use case introduction to bitcoin, you actually decided to buy some additional bitcoin in case it were to go up in value (which caused you to incidentally become a bitcoin speculator) and to your surprise after a bit of back and forth and even some mistakes by you, bitcoin prices went up considerably, like what ended up being 100x over 2013.

It surely is tough for guys not to attempt to attempt to get some credit for being smart, when they, such as you, were in fact mostly lucky and had a sufficiently large enough stake in order that you could profit fairly immensely from such boom (though probably because of some of your buying and selling mistakes you were more like 25x at your max, rather than 100x, but still you were doing pretty well, at least on paper and you seemed to actually had cashed in on some of those gains). You were also quite emotionally about bitcoin, and so much (and maybe even superficially to some extent) that you changed your RVF name to Satoshi.

And, sure you made some mistakes along the way in selling parts too soon and then buying higher and then not selling some parts when it was high and then selling lower in 2014 and 2015, and quite a bit of that is understandable because it remains really difficult to predict BTC price movements... and we can certainly and understandably make some mistakes, in this regard.

Accordingly, there can be some stress in holding BTC over an extended period and watching the value of your holdings go up and down. And, in this particular situation, nearly 2 years of a subsequently obvious bear market between late 2013 and late 2015 will cause quite a few folks to become more jaded in regards to bitcoin, especially when they begin to buy into some of the bitcoin 2.0 marketing propaganda of various other alts, which causes in your case, Satoshi, caused to sell ALL of your BTC in the mid-$200s, proclaim that bitcoin is dead - only to witness bitcoin to explosively go up thereafter (even though I will give it to you that BTC did have one more downward leg to the lower $200s after you sold in the mid $200s and before it explosively moved up to $500 and then settled in the $350 to $450 range for about 5 months)

So, there is nothing really wrong with making BTC buy and sell mistakes and even being mislead by some of the propaganda - even though it becomes a bit more irritating when you, Satoshi, had seemed to have become so jaded and immature about the matter of your own personal investment that you cannot even carry out any kind of meaningful and substantive adult conversation about the matter or even about bitcoin in this thread - and then you get so emotionally invested into your own situation, and maybe even combined with a bit of a gambling and irrational (double down bug)? This later emotional instability caused you to become so heavily invested in the idea that bitcoin was going to die because of the Bitfinex hack in early August 2016, so you leverage shorted in the mid $500s and said that you were so confident that you were not going to get margin called until the mid-$600s and accordingly, you lost a considerable amount of money in that stupid-ass process, especially to get involved in leverage in order to attempt to predict beyond any reasonable abilty and to attempt to make up for what you consider to be your previous BTC/Crypto losses.

In any event, prices never really went below the price point that you opened your leveraged short, and you closed your Bitfinex-scandal related short with your tail between your legs, even though you had been quite adamant about it and attempted to get other RVF guys to follow, and would have been gloating with uncontrollable glee if you had happened to predict the price direction correctly (seems to be a bit more of a sign of insecurity and immaturity).

Sure, even though I have some doubts, there could still be a possibility that you will snap out of your nonsense and return to attempting to make meaningful contributions to this thread. Hope springs eternal.

By the way, are you back in yet? or are you waiting for another meaningful dip, maybe below $400 or some other unrealistic price point?

Lol I bought at $17 and sold at $1000+.

I didn't sell all by bitcoins at $200, I sold seven coins at $270 which I earlier bought at $220. I wrote about this a few times earlier but you seem to be too stupid to understand? The rest of my bitcoins I've traded for maidsafe coins bought at between 2000-4000satoshis and if you look at the price of maidsafe you can see how that turned out. (2.5-5x my money right now). yeah maybe it's all just luck..........

And I did close a position with a lose so what? Why don't you mind your own shit? I didn't come here to get your advice I came here to celebrate the new rally. I didn't even quote you I just made a post maybe I could have a discussion with some smart guys in here but unfortunately it's you who controls the discussion.


Bitcoin is not the currency if the future but if enough fools want a new rally then I'm all down for it I say gogogogo! But honestly who would buy a bitcoin for more than $1000 I don't know.

(11-02-2016 12:07 AM)Satoshi Wrote:  

(11-01-2016 05:10 PM)booshala Wrote:  ^^ Damn, you talk about how he would be "gloating with uncontrollable glee" but you just dedicated a huge post talking about how stupid he was and how you were right and he was wrong.

I think this speaks to the general vibe I get from your posts: you provide interesting links and you obviously follow the market like a hawk... Unfortunately, your verbosity is really off-putting. e.g. I think one guy wrote a few sentences if anyone would sell him $30 worth of BTC and you responded with 15 paragraphs of text. Also noticed your tendency to request detailed explanations/proof from guys who chime in with their opinions, especially if they don't share your bullishness. Some guys just want to gamble or have a "gut feeling". Others have already made money in this and are just weighing in. Not everyone thinks about pricing in bands and breakout points, etc.

If you want more participation, I'd suggest laying off a lot and letting the discourse flow more organically rather than attempting to jam it into your mold.

Hahaha if that whole post is a respons to me then I need a tl;dr. I just came here to pump the bubble wanna see an epic race soon! Let's see if JJG buys at the top this time too.

Look who the cat dragged in.

If it isn't Satoshi himself?


In about the past year, you (Satoshi) have been providing little to no substance about your situation in respect to bitcoin, except saying that you sold everything in the mid $200 at a supposed profit and that you margin shorted in the mid $500s at a loss, and now maybe it appears that you have gotten back into bitcoin? Well, I'll be damned!!!!

Regarding TLDR.. It figures that you would not actually either attempt to read or admit to having read anything of substance. Possibly, in order to enjoy plausible deniability in order that you can live in a bubble? or maybe merely because your attention span is not very long? Either way... I'll believe it when I see it (referring to possible substantive contributions coming from you, instead of ineffective attempts at childish battles)

Regarding my BTC investment strategy, I have probably disclosed the strategy a large number of times - 50 possibly?

In summary I buy BTC on the way down and sell on the way up.. so yeah, if bitcoin goes up, then I am selling, but I could end up buying back on a retrace of price and that buying could end up being near the top (but the amount purchased is generally using funds from the amount that I sold at a higher price).. Whether that meets your understanding or not, hopefully, you can muster up enough grey matter to grasp such a thing?

Anyhow, my more or less ongoing BTC strategy seems to be pretty solid, extensively practiced, and maybe evolving a little bit (when I learn new possible tactics) and also particularly described in this thread many times.

(11-02-2016 12:25 AM)Satoshi Wrote:  

(11-01-2016 03:00 PM)JayJuanGee Wrote:  

(11-01-2016 07:12 AM)Satoshi Wrote:  This is so exciting! BTC to the MOON!

[edited out]

Lol I bought at $17 and sold at $1000+.

Sounds like considerable history revisionism, but I don't really give any kind of shit regarding your supposed smartness in being BTC profitable.

I am not going to go back to read your posts (unless you deleted them), but it should be pretty clear that you are putting a considerable spin on the matter (like a little fantasy) if you are suggesting that you made more than 58x on bitcoin... that is nearly pure bullshit and a selective reality presentation.

(11-02-2016 12:25 AM)Satoshi Wrote:  I didn't sell all by bitcoins at $200, I sold seven coins at $270 which I earlier bought at $220.

yes, you tend to want to reframe situations after the fact.

(11-02-2016 12:25 AM)Satoshi Wrote:  I wrote about this a few times earlier but you seem to be too stupid to understand?

I will agree that you corrected me when I said that you sold everything in the mid $200s and you shorted in the mid $500s... and the other details are not really that important in terms of the overall points that I was making about your decision to get out of bitcoin because you were largely frustrated with it and of the conclusion that the only way was down for bitcoin in both instances... and it does not matter too much except to point out some of your butthurtedness demonstrated by some of your actions and even your subsequent trolling (maybe you are going to get back to normal now that you are back in? rather than being so unnecessarily combative about mostly irrelevant shit and unnecessary personal attacks?)

(11-02-2016 12:25 AM)Satoshi Wrote:  The rest of my bitcoins I've traded for maidsafe coins bought at between 2000-4000satoshis and if you look at the price of maidsafe you can see how that turned out. (2.5-5x my money right now). yeah maybe it's all just luck..........

Well good for you. I have been seeing Maidsafe floating around $.07 for quite a long time, but whatever. I don't really care or follow it, and why does it really matter if you are making a killing or not? supposedly?

(11-02-2016 12:25 AM)Satoshi Wrote:  And I did close a position with a lose so what? Why don't you mind your own shit?

There is nothing wrong with having some losses, and there is no real need to compete with folks in regards to their investments or not.

I personally believe that leveraging is dangerous and ill advisable, but to each their own.

(11-02-2016 12:25 AM)Satoshi Wrote:  I didn't come here to get your advice I came here to celebrate the new rally.

O.k. Well maybe you were being genuine in your celebrations? Seems a bit ironic, though, given your previous positions and also your previous trolling and mostly non-substantive contributions.

(11-02-2016 12:25 AM)Satoshi Wrote:  I didn't even quote you I just made a post maybe I could have a discussion with some smart guys in here but unfortunately it's you who controls the discussion.

Anyone can chime in here in this thread. Sure I post here quite a lot, but any substantive discussion remains welcomed. In regards to getting responses from "smart guys," besides me, I would think that it would be helpful to provide some additional details, besides "go bitcoin go). Also, there are other places to post about bitcoin, as well, and to get responses from people other than me, as you likely understand.

(11-02-2016 12:25 AM)Satoshi Wrote:  Bitcoin is not the currency if the future but if enough fools want a new rally then I'm all down for it I say gogogogo! But honestly who would buy a bitcoin for more than $1000 I don't know.

I am pretty sure that once BTC prices go past $850 (if they do) then there will be quite a few folks who would be willing to buy a BTC or more for more than $1k per BTC. Sure, there is no guarantee in any kind of BTC rally (and we could go back down from here), but currently, there seems to be quite a few upwards price pressures at the moment.

In a fairly recent post, I had already mentioned expected resistance points in the upper $700s and in the mid $850s and I had already characterized $850 to $1,500 as largely a no sell zone... but anyhow, each of us are entitled to our viewpoints regarding expected resistance points (and bitcoin prices and price dynamics are also a bit of a moving target, too... so it is acceptable that guys would be all over the place with their various price direction predictions).

(11-02-2016 12:25 AM)Satoshi Wrote:  Bitcoin is not the currency if the future but if enough fools want a new rally then I'm all down for it I say gogogogo! But honestly who would buy a bitcoin for more than $1000 I don't know.

What makes you say this? Lots of big institutions, funds and even governments seem to be finally backing BTC these days. Educate us.

And JJG, quit with the low energy posts man. Booshala and Satoshi aren't the only ones who have noticed your passive aggressive responses.

(11-02-2016 01:19 AM)Bushido Wrote:  And JJG, quit with the low energy posts man. Booshala and Satoshi aren't the only ones who have noticed your passive aggressive responses.

Do you even know the meaning of passive aggressive?

If you want to discuss via PM that would be fine with me, otherwise, I will just consider this as a kind of nonsensical and meaningless assertion.

I know the meaning. Take a look at your own posts.

You clearly are a smart dude with a lot to contribute, but your responses to guys on this thread come across as rather condescending at times. I was of that opinion before Booshala wrote his post.

JayJuanGee,

Why do you write like that? It actually makes you seem sharper if you come across as concise.

(11-02-2016 02:15 AM)Bushido Wrote:  I know the meaning. Take a look at your own posts.

You clearly are a smart dude with a lot to contribute, but your responses to guys on this thread come across as rather condescending at times. I was of that opinion before Booshala wrote his post.

I invited you to respond to me by PM because it really seems nonsubstantive to get into any kind of in depth discussion about style, which likely matters very little in the scheme of things.

Anyhow, condescending is one thing and passive aggressive is another thing, but neither really seem that important to discuss within this thread.

(11-02-2016 02:42 AM)Il Bersagliere Wrote:  JayJuanGee,

Why do you write like that? It actually makes you seem sharper if you come across as concise.

Again, I if you want to discuss style, I wouldn't mind discussing via pm, but really, is there something in my previous responses that relates to bitcoin that you want to readdress or that you could not understand?

To the extent that you may have read any of my responses to your earlier post, did you get whatever point that I was making, or is there something that you want to go over more?

(11-02-2016 01:19 AM)Bushido Wrote:  What makes you say this? Lots of big institutions, funds and even governments seem to be finally backing BTC these days. Educate us.

And JJG, quit with the low energy posts man. Booshala and Satoshi aren't the only ones who have noticed your passive aggressive responses.

Major drawbacks;

Bitcoin mining is a waste of energy.
Bitcoin transactions are not instant, actually they take forever.
Bitcoin transactions are not anonymous.
The bitcoin protocol is always in danger of a 51% attack.
Bitcoin needs a massive blockchain to run.
Bitcoin has a limit of transactions per block.

They've been working hard to find ways to improve bitcoin, but from what I've seen they didn't come far. The way the blockchain works didn't change at all from what it did when it started. Imagine using the smartphone released in 2009 today.

Bottom line; Bitcoin was an experiment. It worked, but it's not perfect. The fanboys will say that bitcoin has the first player advantages and is well know, etc, etc. This does not really matter in the end. Dollars and euros are outdated paper money and eventually they will be replaced. There is a lot of interesting new smart currencies being developed. Bitcoin was very exciting but is not really anymore, in my opinion.


Now, I'm in no way against a bullrun for bitcoin. Actually I'd find it very exciting to watch. The two bubbles in 2013 was very very interesting. But I'm not back in bitcoin and I won't either.

Quote:I am pretty sure that once BTC prices go past $850 (if they do) then there will be quite a few folks who would be willing to buy a BTC or more for more than $1k per BTC.

^ There is no logic in this. But it's probably true that this is what will happen. And someone will be the one who bought at the top. Last time it was JJG himself, who will be the fool this time?

What we should do about JJG I don't know, he's clearly dictating the discussion and whenever it's not going his way he send people of to communicate in other threads or in PM. I can show proof of bitcoins bought at $17 and sold at $1000 but I really don't have too. Unfortunately I didn't sell enough at that time.

JJG, most people don't care to be criticized - I get that... but the tone-deaf way you've doubled down makes me agree with Satoshi that it's a lost cause to try and persuade you to chill out.

No snark: if you haven't already, you should get checked to see how you rate on the autism/Asperger's spectrum. I have a buddy who's a member of several forums, also really into minutiae and is very socially awkward IRL and online and he just got diagnosed.

Did you see his post count in bitcointalk?

(10-31-2016 10:29 AM)AGuy14 Wrote:  I got into Bitcoin about a year ago. I found the concept very interesting.

Anyone into any other alt coins? I recently found Burstcoin (BURST). I think it has big time potential. Check it out here - http://www.burst-team.us/

The thing that makes BURST unique is that you can mine it very efficiently. Unlike Bitcoin and others that take a ton of computer power and resources (the little guy can no longer mine Bitcoin) with BURST you simply mine with free hard drive space. You have to plot your hard drive space (which can take some time) and the more space you have the better obviously. But once that's done the cost to mine is essentially the cost of electricity of having your computer on. You literally can mine in the background while using your computer on regular tasks. In fact I'm mining right now...

They are also close to launching a way to mine on your android smart phone. I don't think the word is out on this coin yet and just think it has A LOT of upside.

You clearly don't grasp economics.

Imagine that you can mine something for a total cost of $0.01 per coin and you see a market willing to buy that coin for $0.04. What happens? The price doesn't rise because you're creating the supply by mining - you're actually shorting the market you're creating and you're profitable for it. How will make a higher price? It won't.

So many people in this thread do not get this through their thick head: if it costs a lot of money to mine bitcoin, it will command a higher price by virtue of this high cost. You cannot charge $1 per bitcoin as a miner and profit. So if you're right about WURSTcoin and anyone can mine it, you don't realize you've defeated your own argument as a cheap cost to produce means it doesn't need to command a high price. Translation: suck it investors!

Also, the maximum supply of that WURSTcoin is in the billions, meaning it would need to convince a lot of suckers to buy into it before it will rise in price. Unfortunately, all the morons are all hot and bothered over PEECASH (ZEC) right now, so you'll have to wait a while for those morons to financially recover enough to lose more of those hard earned dollars.

^ Bitcoin and most of the other coins solves that problem with difficulty?

(11-02-2016 02:01 PM)SunW Wrote:  

(10-31-2016 10:29 AM)AGuy14 Wrote:  I got into Bitcoin about a year ago. I found the concept very interesting.

Anyone into any other alt coins? I recently found Burstcoin (BURST). I think it has big time potential. Check it out here - http://www.burst-team.us/

The thing that makes BURST unique is that you can mine it very efficiently. Unlike Bitcoin and others that take a ton of computer power and resources (the little guy can no longer mine Bitcoin) with BURST you simply mine with free hard drive space. You have to plot your hard drive space (which can take some time) and the more space you have the better obviously. But once that's done the cost to mine is essentially the cost of electricity of having your computer on. You literally can mine in the background while using your computer on regular tasks. In fact I'm mining right now...

They are also close to launching a way to mine on your android smart phone. I don't think the word is out on this coin yet and just think it has A LOT of upside.

You clearly don't grasp economics.

Imagine that you can mine something for a total cost of $0.01 per coin and you see a market willing to buy that coin for $0.04. What happens? The price doesn't rise because you're creating the supply by mining - you're actually shorting the market you're creating and you're profitable for it. How will make a higher price? It won't.

So many people in this thread do not get this through their thick head: if it costs a lot of money to mine bitcoin, it will command a higher price by virtue of this high cost. You cannot charge $1 per bitcoin as a miner and profit. So if you're right about WURSTcoin and anyone can mine it, you don't realize you've defeated your own argument as a cheap cost to produce means it doesn't need to command a high price. Translation: suck it investors!

Also, the maximum supply of that WURSTcoin is in the billions, meaning it would need to convince a lot of suckers to buy into it before it will rise in price. Unfortunately, all the morons are all hot and bothered over PEECASH (ZEC) right now, so you'll have to wait a while for those morons to financially recover enough to lose more of those hard earned dollars.

No need to be condescending. I don't have a PhD in economics (and am relatively new to crypto) but know enough to know the price doesn't rise by CREATING the supply (by mining)...where did I say that? I was merely commenting on the uniqueness of the mining and it potentially being attractive to people. And yes...anyone can mine it at low cost, but if you only dedicate 100 GB to mine it obviously you're not going to get a lot of coin. So to mine it in the millions you need some substantial hard drive space...which obviously costs money. Unless you have a bunch of unused HDDs lying around.

And I would suggest there are many things that can influence demand. Extreme example - ever hear of the Pet Rock? Yes...a rock made millions in the 1970's because the "inventor" created demand for it.

And it's BURST (must be something wrong with the "b" on your keyboard)...and yes the total market cap will be just over 2 billion. But it is capped (unlike say dodgecoin). Price on BURST has already gone up quite a bit the last few months. And for people to make substantial money on it, it obviously doesn't have to get to $100 USD, or $10, or hell even $1...it's all relative obviously.

Wow!!!!

Before I say anything, there is actual substance here... Not that you back it up in any kind of meaningful way or come to reasonable and informed conclusions, but surely it is much better than one liners and surely, there is a little bit of there, there. GREAT!!!!!

(11-02-2016 01:29 PM)Satoshi Wrote:  

(11-02-2016 01:19 AM)Bushido Wrote:  What makes you say this? Lots of big institutions, funds and even governments seem to be finally backing BTC these days. Educate us.

And JJG, quit with the low energy posts man. Booshala and Satoshi aren't the only ones who have noticed your passive aggressive responses.

Major drawbacks;

Bitcoin mining is a waste of energy.

I know that is a talking point of various Bitcoin 2.0 pumpers and dumpers, but in the end, it is real nonsense and a kind of appeal to social justice warriors..

I don't have major issues with all social justice issues, but the substance behind this allegation is really not material and/or relevant because there is no world government, and do we really want governments deciding these kinds of efficiency questions rather than having market competition in which folks choose or not choose to invest in mining based on whether they believe that they can make a profit. In the end, we get 1 and 2 petashes of computing/mining power (and likely to continue to increase into the future) dedicated towards securing the network and securing the value on the network....

Since bitcoin is not centralized or controlled by any government or entity, it is very important that the value be secured, and accordingly, currently there is enough security on bitcoin, likely, to allow for a 1000x increase in value and to still be secured by the computing power.

(11-02-2016 01:29 PM)Satoshi Wrote:  Bitcoin transactions are not instant, actually they take forever.

nonsense. transactions usually take less than an hour, and once in a while there are outlier experiences, and usually those outlier experiences are due to some kind of usually short-lived spamming attempt on the network.

Anti-bitcoin folks assert this all the time, and it is pure fantasy, especially if you consider what you are getting - direct transfer of value without any middle man, such as a bank.

(11-02-2016 01:29 PM)Satoshi Wrote:  Bitcoin transactions are not anonymous.

There are varying levels of anonymity in bitcoin, and sometimes (especially in the past), anonymity in bitcoin was probably touted a bit more than it deserved - nonetheless, there is some anonymity in bitcoin that can be employed through various tactics and these anonymity mechanisms are continuously being developed (and figured out) in bitcoin.

In any event, none of us should seriously be considering putting all of our eggs in any crypto system basket because there remain various plusses and minuses with various systems including this concept of anonymity and how to potentially employ it and to get use out of tools that may be available within bitcoin or some other crypto currency or even by use of fiat or some other legacy financial system.

(11-02-2016 01:29 PM)Satoshi Wrote:  The bitcoin protocol is always in danger of a 51% attack.

Well in order to get 51% a pool (or a miner) has to increase its computing power, and there is quite a bit of decentralized monitoring of how much mining power is in which pools... so others can ramp up their mining power if they see that one is becoming too powerful. Sure there is a danger of 51% attack, but bitcoin is pretty fucking big, so that danger may be frequently overstated, as here.. you got any kind of proof for this point, Satoshi - either facts or logic - besides a mere conclusory assertion?

(11-02-2016 01:29 PM)Satoshi Wrote:  Bitcoin needs a massive blockchain to run.

So far, Core has successfully staved off various attempts to increase the blocksize limit in order to minimize the potential for this kind of criticism. So the fact of the matter remains, at this point, that the 1mb blocksize limit continues to keep the overall blocksize relatively small in comparison to it's overall power.. and developments in the near future - including the recent going live of seg wit, is going to bring a lot of functionality that will include both off block and on block solutions and to continue to keep Bitcoin's blocksize relatively small...

So the fact of the matter here, seems to be that you are stating the opposite of the truth.. and the overall bitcoin blocksize remains relatively small, especially in comparison to its overall continued power.

(11-02-2016 01:29 PM)Satoshi Wrote:  Bitcoin has a limit of transactions per block.

So fucking what? You seem to be kind of disingenuous with this kind of contradictory criticism, especially when you combine this criticism with your previous unsubstantiated criticism that the blocksize is too big (which is actually not true, either).

Bitcoin is well within its capabilities, and is able to process transactions relatively quickly for low fees, and seg wit is going to bring a whole hell of a lot more transaction processing power because there is going to be a combination of on block and off block transactions that are still secure because they are coordinated with bitcoin systems.

(11-02-2016 01:29 PM)Satoshi Wrote:  They've been working hard to find ways to improve bitcoin, but from what I've seen they didn't come far. The way the blockchain works didn't change at all from what it did when it started. Imagine using the smartphone released in 2009 today.

Sounds like a non substantiated talking point. bitcoin is doing great. A lot of development, a lot of coders, a lot of upcoming changes that have already been introduced through seg wit... and will be activated upon segwits being activated which may take a few months to activate based on the consensus systems in bitcoin.

(11-02-2016 01:29 PM)Satoshi Wrote:  Bottom line; Bitcoin was an experiment. It worked, but it's not perfect.

"was" hahahahahaha

you are saying that you just bought some bitcoin, and then you are asserting "was"? What baloney contradictions.

Bitcoin remains the best of the cryptos out there. Where you gonna put your value? how you gonna allocate your investment? Which other ones besides bitcoin, and what proportions? What's your investment timeline? 1month? gambling? or 5 years? Go ahead... what's the plan, and which ones?

(11-02-2016 01:29 PM)Satoshi Wrote:  The fanboys will say that bitcoin has the first player advantages and is well know, etc, etc. This does not really matter in the end. Dollars and euros are outdated paper money and eventually they will be replaced. There is a lot of interesting new smart currencies being developed. Bitcoin was very exciting but is not really anymore, in my opinion.

Same comment as above. If bitcoin is supposedly a "has been" then how are you gonna allocate your investment portfolio? Which kind of assets and/or cryptos and in what proportions? Again, I don't think that anyone is suggesting to put all of your liquid investment capital into any one thing (although, sure philosophies regarding these kinds of proportionality considerations do vary).

(11-02-2016 01:29 PM)Satoshi Wrote:  Now, I'm in no way against a bullrun for bitcoin. Actually I'd find it very exciting to watch. The two bubbles in 2013 was very very interesting. But I'm not back in bitcoin and I won't either.

hahahahahaha...

So you are not in.. hm? one minute you seem to be implying that you are in, and then you are asserting that you are not in.... which was my original assertion that you were "not in"... but you seemed to have implied that you were in.

Anyhow, you seem to be all over the fucking place in terms of suggesting that you are not against a bullrun and even cheering for a bull run, while at the same time putting out your nonsensical "bitcoin is dead" assertions.

(11-02-2016 01:29 PM)Satoshi Wrote:  

Quote:I am pretty sure that once BTC prices go past $850 (if they do) then there will be quite a few folks who would be willing to buy a BTC or more for more than $1k per BTC.

^ There is no logic in this. But it's probably true that this is what will happen.

Wow.. you are saying no logic, but it will happen.. Either I am missing something or you are missing something, and it seems more likely to be you.

If something is likely to happen, then there is got to be some reason why it is "likely to happen", even if that reason happens to be irrational exuberance or FOMO or pump and dump or some other kind of nonsustainable price rise (which you seem to be asserting that any kind of price rise would not be sustainable)

(11-02-2016 01:29 PM)Satoshi Wrote:  And someone will be the one who bought at the top. Last time it was JJG himself, who will be the fool this time?

Of course, whenever there is someone selling, there is someone buying, and no one can really know the top.

If you are just getting into something then you may invest some at the top because you are "just getting into it."

Yes, I began buying at $1,200. I bought 1.24BTC for $1,500 to start out. I had a 6 month initial plan to buy about $30k worth of BTC.. something like that, and then to reassess the situation, which I did.... and yes, I continued to accumulate.. and more or less continue to accumulate while trading (my trading began about October 2015.. and at that point my average cost per BTC was about $504 with BTC prices then in about the mid $200s)

Anyhow, my current average cost per BTC is floating at about $435, that is including all kinds of fees and any other costs that are logically and reasonably related to my bitcoin investment.

(11-02-2016 01:29 PM)Satoshi Wrote:  What we should do about JJG I don't know, he's clearly dictating the discussion and whenever it's not going his way he send people of to communicate in other threads or in PM.

Hahahahaha.. what do you mean by "we"? The royal "we?"

I am glad you finally submitted something kind of substantive to this thread, even though it seems to be a bit nonsensical, contradictory and illogical... but hey, it is something kind of related to bitcoin rather than your more recent trolling tangent posts. And, yeah, surely folks are entitled to their varying opinions and to attempt to get responses regarding any of those bitcoin related opinions.

(11-02-2016 01:29 PM)Satoshi Wrote:  I can show proof of bitcoins bought at $17 and sold at $1000 but I really don't have too. Unfortunately I didn't sell enough at that time.

Why does it matter? You have already shown that you are prone to considerable exaggeration and spin.. so why clutter up the thread with quasi-irrelevance, unless you are attempting to make some other kinds of points in regards to your investments or not.

I mean in the end, if you are making actual assertions, you should be able to back them up one way or another and whether you are in the red or black (or green) should be less of a factor as compared with whether you are able to back up your points with logic and/or evidence.