Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15099. (Read 26713001 times)

Yes, yes. I meant downside/upside for someone shorting bitcoin.


Andreessen did help a little. Thanks, Wekkel! :-)

Another couple of sites fork info

https://btcdiv.com
http://pieifo.com/pages/endefault.html

My thoughts EXACTLY.

Like Nassim Taleb (and any proper thinking mathematician), I would think the downside is limited (Bitcoin can't become less than $0) and the upside is unlimited (or: potentially much higher than the downside). The perfect example of an asymmetric bet that Taleb has written extensively about.

See the concept of an asymmetric bet explained further here: http://contrarianinvestorsjournal.com/?tag=asymmetric-pay-off#


Buffet, wrong since 2014: https://www.forbes.com/sites/kashmirhill/2014/03/26/warren-buffett-says-bitcoin-is-a-mirage-why-marc-andreessen-thinks-hes-wrong/#2c391e827f3c

This made me chuckle.



Who gives a shit? He openly admits he understands nothing about it. Same goes for most of these talking heads. They could well turn out to be right anyway or pathetically wrong. If you're sensible you extract a certain amount at a certain price anyway and the rest is all fun.

I'm not worrying about the current pullback or sideways motion. I'm confident we're headed higher in 2018. Possibly much higher.

The medium-long term future, however, now that gets me thinking. In today's finance news there was ample coverage of both Buffett's and Munger's words. None of them mentioned tulips, but the meaning was clear. I sure imagined their stance on the matter - it's old school finance, for Satoshi's sake! And the guys are not exactly techno-savvy millennials, either. But I don't know why - Buffett's calm, grandfatherly words, spoken with a good-natured smile, unsettled me much more than scumbag Dimon's outburst.

Grandpa Warren said he's not interested in shorting, of course. Why would he? It's finite upside vs infinite downside, and he knows. However, he would like some 5 year puts at a strike price near the current spot, if they existed. What made me cringe was my own thought: "Oh how nice! I'm gonna get some now too... oops, there is no such thing."

Please tell me I'm wrong, or it doesn't matter, or whatever. Explain me why I'm wrong or it doesn't matter, or whatever it is.

Thank you.

UPDATE   (thanx to fluidjax for working exchanges and gentlemand for missing btx)
 
name - homesite - wallet - exchange

BTG  - https://bitcoingold.org - https://github.com/BTCGPU/BTCGPU - https://hitbtc.com
BCH  - https://www.bitcoincash.org/ - https://www.bitcoinabc.org/ - https://hitbtc.com
BCD  - http://btcd.io - https://github.com/eveybcd/BitcoinDiamond - https://gate.io/
SBTC - http://supersmartbitcoin.com/ - https://github.com/superbitcoin/SuperBitcoin - https://www.okex.com/ or gate.io
BTX  -  https://www.bitcore.cc/ - https://github.com/LIMXTEC/BitCore/releases - https://hitbtc.com
BTW  - http://www.btw.one - https://github.com/btwone/btwcore ? - ?
UBTC - https://www.ub.com/ - -God mode has stolen all the coins-
BTF -   http://bitcoinfaith.org - https://github.com/bitcoinfaith/bitcoinfaith - https://gate.io/

Update is about the last one BTF :
It seems that the exchange is opened and the source available, BUT note on the source says you should wait for release 0.15, master branch is not supposed to work.
Bitpie supports BTF but you can't redeem your private keys with it.  Bither doesn't support BTF yet.
update of the update: I tried the fullnode wallet : it needs libsodium too and it doesn't download the blockchain (yet)

...specifics like "which alt is going to get pumped this week"... 

 

More importantly, we are getting price divergence with the other cryptos. Ripple moving down, Ethereum moving up, while Bitcoin is moving sideways. Investors are starting to distinguish between coin specifics.

Yup, two good tests at $13 - $14k and holding. Buyers and sellers finding balance (finally!).

 Excuse me - they're called AChaps

edit: and I believe they are all assless

It seems like they want to keep at these prices, I guess I did not know how well they did not progress like this.

Geez. Even I have stronger hand than that  and I am BEARISH. Get your sh!t together, sonny.

The Big Dip^TM 

Real talk. 

ASSLESS CHAPS   ASSLESS CHAPS   ASSLESS CHAPS

Not true, almost all investments should counter the inflation. And if you belive that all investments will go red in a total Armageddon financial crisis, you can just go roach and store gold and silver instead of fiat.

I will retire when and if I'll be able to cash out the equivalent of my salary until 70 years old +retirement untill 100 yo, I think it should suffice.

But for now that's only a dream, I feel a bit ashamed for that and somehow envious of all the multi-millionaires on this forum, i did never gave much value to money but I value a lot the life quality (not luxury but having time etc), and my inability of giving money their importance is the reason because I probably missed the chance of early retirement, an huge life quality improvement.

I still belive in bitcoin (the project, not the asset) and I really hope as hard as I can it will go to Pluto, but I would suggest all the people that are able to do so to cash out the equivalent of their life-wage, and enjoy financial freedom. I think that richness don't make people happy, but the freedom of using their time is a prerequisite for an happy life (you can still work when and if you want).

Hodl my hand, i hope that soon we'll all be free, and don't be too greed, because you can never satisfy greedness.

Yeah, it's not really on their interest right now. Maybe it's time to open new exchanges that uses LN and are more transparent with their finances, I'm sure that would attract a lot of users

Yes ! ... but to buy what ?