Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 45. (Read 907247 times)

TBH, that's kinda the pose the assume whenever Risto posts anything these days  

Back to pimp XMR after it's 50% decline from recent highs ... coincidence   ??

Eventually, they will say that anything more than a two bedroom apartment is a mansion.

That's the problem with this sort of thing...how do you define what a mansion really is? It is all relative.

Why can't we all just live in mansions? There is nothing wrong with wealth, per say.
 Call it whatever you want: tax, fees, charges, inflation...it is still theft. A society built on theft will never be wealthy.

A mansion is a good thing.  We have the technology and ability for basically everyone on the planet to be able to live in mansions. Intead Giga-Trillions spent on building military and destruction weapons etc.

It is about, stealing, killing, and destroying people, whether you are American, British, German, Russian, Ukrainian, Chinese, African, Arab, Jewish, all ethnicities are a target... You name it. All wars are built upon deceiving populations into believing lies....hating people we have never even met.

Wake up!

Look at the fruit...you will know them by their fruit.

Love people, teach people the truth. Pass it on, one person at a time.

"...for thy merchants were the great men of the earth; for by by thy sorceries were all nations deceived. And in her was found the blood...of all that were slain upon the earth." - Revelation 18:23-24

 
  

 

Yes, stop squinting you fool, open your eyes!

I don't have to worry with my bungalow. I'll worry about that when I have the mansion eventually!

"If we are to oppose vigorously a mansion tax, we must rapidly come up with an alternative solution before we cede these contentious and important matters to Labour and the Liberal Democrats. It is not difficult to frame this debate in a distinctly ‘Conservative’ way."

http://conservativehome.blogs.com/platform/2013/02/from-markfieldmp-1.html

 
rpietila is a legend in the world of bitcoin, one of the best success stories.
Damn it must feel good to be such an early adopter.
If I'd spent what I have on my stash in 2010 I'd be in the same situation as him god damn it.
I may be wrong but I think rpietila is one of the only early adopters here who has admitted his success, others are anonymous.
Hopefully bitcoin will increase in price x 100 hey RJ and we can be very happy dudes 

I thought that was labour.

I hope you will be able to afford the mansion tax that has been mentioned recently.

I've just read all about the castle rpietila. What a success story.  


I wish you all the luck during the next price rise so you can do the renovation work.

I hope I can buy an English castle here in the next 10 years! (Or maybe just pay off my mortgage)

Timing.. Its all timing, and who knows?

The thing us nobody really knows.

What was not a liquid market one day could suddenly become one. A lot of traders in this crypto market. They don't care about any thing but profit from momentum.

What you say is true, it could happen, but probably only for a relatively short period of time. There will always be momentum somewhere else.. About to steal the show.

Don't get me wrong. I did not say it is probable that an alt ever reaches 20% of BTC.

What I did say is that if it happens, it does not require that all BTC holders decide in favor of this alt. As little as 2% of the BTC value may be enough to reach it, causing an educated stampede, and when 10-25% of the value has migrated, there is practically no value left in Bitcoin, because the rest of the value has made an invisible transition by the alt price increasing and BTC decreasing. Most of the BTCers can never exit with their wealth intact. If ever the situation presents itself, you got to be among the first ones.

Just that you know. It is not intuitive that it is so. Protecting yourself now costs essentially nothing.

 
 
And that might be exactly why it's a black Swan to bitcoin fans...  Not that bitcoin would ever fail, there is a market for a time tested and powerful public ledger, but the speculative growth they are searching for may belong to another asset entirely.

The crucial point is liquidity. The money type with the most liquidity will have an advantage over an altcoin, even if it's traits are somewhat better.

A large amount of BTC holders are definitely not alt fans though. There's no way I'd ever dabble again unless I was putting in peanuts.

If an alt were to start biting into its market share that push would likely need to come from newcomers. It would take quite something for them to be able to look past Bitcoin and be turned on by something else. 

What do you think about Mintcoin?

 
 
FACT: If you squint your eyes, the picture of rpietila looks a lot like Vladimir Putin 
FACT: Russia has shunned and spurned and other 's' words towards bitcoin. 
FACT: rpietila is actually attempting to bring about the ressurection of the Soviet Union through Monero. 
 
Open your eyes folks. 

You can read a nice write up of the caveats here -> http://www.reddit.com/r/Bitcoin/comments/2zufu1/a_great_podcast_by_lets_talk_bitcoin_discussing/cpmvogy

+1.

Bitcoin is the King of crypto, commanding 93% of the total marketcap. It's nice to be a king, but it has the downside that you can only be dethroned, never advance

Of course I believe that BTC has a great possibility to go up in purchasing power, even by a factor of 1,000 (after all it's my biggest holding, would not be if I did not think so ) but in terms of relative market share, it can only go down (or 7% up if all the other current and future cryptos are abandoned, which is unlikely).

The sway that Bitcoin holds in cryptosphere is so great that it is very difficult for an altcoin to gain traction. But if any of them does to a sufficient degree, I take it as a strong indication that the market is making a shift.

If any one of the altcoins gains a 20% share of the total cryptocoin marketcap, the value in Bitcoin will likely move to that coin.

Caveats:
- No gimmicks. Short-term volatility is excluded. Sufficient trading volume.
- Marketcap must be calculated from the free-trading amount, leaving some room for total planned issuance (future mining) to be taken into account.

It does not take more than 10-25% of the value in Bitcoin to decide to migrate, to trash the Bitcoin remaining value, and make the value of the alt mushroom. For historical reference, Bitcoin marketcap went from about $1M to $200M in 2010-2011 in less than a year. During that period, only about $10M was invested into bitcoins. The rest was wealth effect. The same mechanism applied to the potential migration situation can make the contender quite valuable if only 2% of the wealth in Bitcoin decides to move (and inflict a proportional loss to the remaining bitcoin holdings).

I repeat in bold, because the issue is important: Not every Bitcoin holder needs to sell all their bitcoins for the value to plummet and the alt to take over. It is enough that 10-25% do it, then the ones who migrated will gain the value (as appreciation of the new coin) which was stored in the 75-90% of bitcoins (whose value has plummeted), while the coins still belong to the bagholders. If this were not true, there would be no change in the world, and Bitcoin itself would never have had any traction whatsoever.

I am not always correct, and even when I am, I tend to be ahead of the time. Don't sell your bitcoins, but make sure you have at least the same proportional amount of coins in every alt that has the slightest chance of making it. (It costs basically nothing but your bitcoin maximalism pride).

This is what I have done. And Monero is the only one I believe has the chance currently. I will tell when the situation changes.

PSA: Guys dont bother with other scamcoins. You will just lose your money.

Bitcoin is different and the only one worth talking about.