Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16671. (Read 26609655 times)

legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
[...]
I systematically sell about 1% of my holdings for every 10% rise in price, and I buy back in similar amounts.

I have been employing my system since about $250 all the way up to current prices $3450 [...]

You should for all newbies make a disclaimer that your 'system' requires you to have your bitcoins at a third party exchange. And as you know by personal experience (Bitfinex, BTC-e) it is very likely you eventually lose those bitcoins 'stored' on an exchange (hacked, human error, government seizure, inside job, etc etc). Not even mentioning the Bitcoin Cash you have not received by not owning the bitcoin private keys.


I am not sure why you are wanting to create some additional requirements upon me based on your own thoughts about the topic?  You seem to be talking about post style and discretion in posting rather than material and relevant substance, no?

In the past, you and I have also had some differences of opinion regarding what I am doing in terms of whether I am gambling or if I have a systematic strategy, and you seem to have some difficulties differentiating between what I am doing and gambling... so I have to take any of your recommendations with a grain of salt.... furthermore, it seems that  in the end, you want my walls of text to be even longer and more incomprehensible?  hahahha   Cheesy   Tongue

I doubt that I need to issue any disclaimer, and you seem to want to suggest that I have some kind of responsibility to issue investment advice in the arena of personal details, applicabilities, risks, timeline, financials, blah, blah, blah, for supposed newbies who might follow some variation of what they perceive to be my strategy. 

As much as you want to characterize, I am not issuing investment advice, and anyone on the internet needs to come to their own conclusions based on their own parameters rather than relying on what someone says in the interwebs, even though I am talking about what I do, and attempting to share information and to brainstorm regarding my ongoing relationship with BTC, and related topics..  Wink.

In terms of the substance of your point, you are correct about the existence of third-party exchange risk, and some other associated risks that go with engaging in a practice of trading, including moving money around and also the fact that it can be very time-consuming to employ some of these trading (and investment protection) strategies... so yes there is some opportunity costs as well. 

My previous response post was not discussing every single aspect of trading, the positives and the minuses, and was not meant to be any kind of comprehensive rendition in any kind of way, so there are going to be varying priorities and a lot of other individual variations that were not within the scope of my earlier off-the-cuff response.
sr. member
Activity: 434
Merit: 250
Ooh, shiny things!!
Come on then, all of you who are so quick to condemn me for my opinions, please explain why Brexit is a good thing or how politicians manipulating voters with lies is a shining example of democracy in action?  Do any of you really understand what has happened here?  Oh who gives a fuck.  Think what you want of me.   I only mentioned it in passing in the first place and somehow got jumped on.  Brits have been arguing this topic the length of the country for the past 18 months, there's no way I'm going to find an intelligent opposition on a Bitcoin forum.
legendary
Activity: 1512
Merit: 1012
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
Only if you think the individual can have any impact at all.  In reality, the disassociation from the EU and in particular the cessation of the bill of human rights and the jurisdiction of the ECJ means that the fascist tory government running the UK will now be free to be as draconian as they like with nobody and no body able to intervene.  

Since you believe that a superstate will free you from the state you are clinically insane. Find a therapist.

Now now, ad homonym attacks and well poisonings do not move us forward, though I also find the view irrational.

I think she is confused, not evil, people evolve slowly.
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
Only if you think the individual can have any impact at all.  In reality, the disassociation from the EU and in particular the cessation of the bill of human rights and the jurisdiction of the ECJ means that the fascist tory government running the UK will now be free to be as draconian as they like with nobody and no body able to intervene.  

Since you believe that a superstate will free you from the state you are clinically insane. Find a therapist.
legendary
Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!


 




"The British voters will have the opportunity to change the government at the next general election, yes, but they've already shown that their judgement is flawed"
 
The voters have a different opinion then me, so democracy must be bad". Where have I heard that before?
sr. member
Activity: 579
Merit: 267
And were going down buy the dips bips
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
The British voters will have the opportunity to change the government at the next general election, yes, but they've already shown that their judgement is flawed


I see

we're done here
legendary
Activity: 1078
Merit: 1441
so where can you buy the things?  I don't see them for sale

ATM only Bittrex for us westerners

Quote
Bittrex may not make all of the Services available in all markets and jurisdictions, and may restrict or prohibit use of all or a portion of the Services from certain states, territories, or jurisdictions (“Restricted Locations”). At this time, Restricted Locations include, but are not limited to, several U.S. states: AK, AR, CA, CT, FL, HI, ID, IA, KS, KT, LA, MD, MI, MS, NC, ND, NE, NH, NV, OH, OK, PA, SD, TX, VT, VA, WA, WY, and PR.

so basically not for sale


Are you in one of those states?

Ouch.

Maybe a fellow pesky bitcoiner can help you out !
sr. member
Activity: 434
Merit: 250
Ooh, shiny things!!
And no less centralised because the UK will now be ruled by one bastard government that cannot be trusted, instead of having the other 27 countries of the EU to moderate.


But it is less centralized because the sovereign unit is smaller.  If you do not like the current UK government, work to change it.  The smaller the sovereign unit he more impact an individual can have on its policy.

By your way of thinking one world government would be best because then we would have 195 countries to "moderate".

Only if you think the individual can have any impact at all.  In reality, the disassociation from the EU and in particular the cessation of the bill of human rights and the jurisdiction of the ECJ means that the fascist tory government running the UK will now be free to be as draconian as they like with nobody and no body able to intervene.  The British voters will have the opportunity to change the government at the next general election, yes, but they've already shown that their judgement is flawed and I personally won't be eligible to vote in the next UK general election anyway.  I'm waiting to see what happens and how my rights are affected by the negotiations, but there's a good chance I'll be changing my nationality in order to protect my own rights.
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
so where can you buy the things?  I don't see them for sale

ATM only Bittrex for us westerners

Quote
Bittrex may not make all of the Services available in all markets and jurisdictions, and may restrict or prohibit use of all or a portion of the Services from certain states, territories, or jurisdictions (“Restricted Locations”). At this time, Restricted Locations include, but are not limited to, several U.S. states: AK, AR, CA, CT, FL, HI, ID, IA, KS, KT, LA, MD, MI, MS, NC, ND, NE, NH, NV, OH, OK, PA, SD, TX, VT, VA, WA, WY, and PR.

so basically not for sale
legendary
Activity: 1078
Merit: 1441
so where can you buy the things?  I don't see them for sale

ATM only Bittrex for us westerners

Incidentally- a good friend of mine wants to get in - at $15 I advised wait for a pullback- we are at $27 now and I still saying the same thing ...Its got to pullback right?

I have buy orders in at $7 ish and now I am wondering if they will get filled.

I have a target figure in mind of the amount to want to acquire.. dollar costing averaging upwards - ouch
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
so where can you buy the things?  I don't see them for sale
legendary
Activity: 1078
Merit: 1441
Seriously guys, WTF is a NEO ?

According to the Shitcoin Gazette:

Quote
NEO has recently gained some notoriety due to its collaboration with Chinese certificate authorities to map real-world assets using its smart contract technology. NEO has also signed partnership agreements with several startup companies.

¯\_(ツ)_/¯

Formerly known as AntShares. I don't understand why they changed their name. And the new logo is ugly.
But otherwise the tech seems interesting. A bit like the Chinese version of ETH whereas XEM is the Japanese version of ETH. I.E. All of them have the ability to do "smart contracts" but at least XEM has an API (application platform interface) that is able to use (or compatible with) many other coding languages unlike Etherium, which uses only a single programming language in their API. I'm not sure about NEO but anyways if you hodl NEO in your wallet, you get GAS, which is equivalent to ETH on the Ethereum blockchain.


Da Hongfei seems solid  - no comparisons being offered (and after all we  do invest in people)

NEO is quantum resistant and has a scaling solution (sharding) waiting to go.

Microsoft involvement, with listing real world assets- several other interesting collaborations -  inlcuding with OnChain which is a private Blockchain/company which is owned by Da Hongfei &  partners, and is VERY VERY VERY well connected.  Also  as well as the Neo  Chain and On Chain there is the Law Chain/Identity Chain, which  the gubermint are on board with- also BFT Blockchain  is compliant with the good folks in the guberment.

They are building fiat on and off ramps- one  will be  able to store fiat  on chain, and take fees and charges in fiat.

The Chinese love to  back their own.

Also of interest is  the GAS you get paid- you get paid for bookkeeping activities per a fixed reward - however there are also going to be fees chargable
for creating and executing smart contracts. (effectively you become a share holder of Neo Chain and share in all ongoing  profits generated by activites on the chain , and not just the fixed  "block rewards" )

It looks like they will enter some interesting markets, ICO's Invoice factoring for not  just SME's  but also some bigger players (I can see OnChain linking them with Alibaba further in the future)

I have been singing its praises since around $1 - I am locked  and loaded- and will  continue to acquire more.

These guys impressed me - take it as a shill or take it as information- up to you.

This coin is going to number 2 IMO - been saying so for months.


(Ps this is a bit of a corp /guberment friendly coin- I make no moral statements regarding this- I just think it has success written all over it in giant red marker pen... from an investment/trading point of view)

How can it be quantum resistant before quantum is really a proper thing. Who knows what it will or wont do? or will and wont do for that matter.




I hear you, but I think it  is touting to be more quantum RESISTANT than QUANTUM PROOF-

Apparently they are using/rolling out lattice-based cryptography which is supposed to be "quantum resistant" based on any public knowledge on quantum computing capabilities atm-  which is actually coming on slowly https://www.research.ibm.com/ibm-q/  apparently Lattice based cryptography offers more resistance than standard RSA to quantum computing .........

I do believe it could become a problem quicker than some realise- NEO are not the only people working on this Ethereum are for example (and many others) are working on this same issue https://github.com/ethereum/EIPs/issues/28


I don't think its just a gimmick - I think  Da Hongfei and his team are just trying to think ahead of the curve here (pardon the pun)

legendary
Activity: 2520
Merit: 3038
However, the hostility that you mention comes from the fact that the promoters/camps of these alternate implementations are still trying to proclaim that they are THE ONE AND TRUE Bitcoin, when clearly they are not. Not by longest chain. Not by most popular support from users, merchants, brokers, and exchanges. Not by most mining support. Not by most hashrate. Not by any measure whatsoever.

So the hostility is aimed at their misguided promoters, not at the implementations themselves.
In other words, the forkers want to take control of the rules but keep the name (and value - that is, users, and market cap) of something that was built without them, in a different way, with different expectations: namely, that no single entity of trust of a few entities could take control.

The problem I have with this is that the present coven has only one objective in mind: the maximization of short-term miner profit. If this is good for the hodlers, the casual users, or other investors, is immaterial in their agenda.

An example: in due time, they could figure out that a hard cap on inflation (the "21 million" ceiling) isn't really necessary to maximize their SHORT TERM profit. They can sell the block reward before the inflation is "felt" elsewhere, or before it is fully felt anyway. Which means an increase in profit: the full reward, or the part of it that hasn't yet been discounted by the market as inflation.

Another example: censoring or reversing transactions that they don't like. When mining is really centralized, and miners make the rules, that's entirely possible. Therefore, by Murphy's Law, it will happen sooner or later. You want to send btc to some Chinese colleague of Assange's or whatever? You can't. You want to order a 1M$ mining rig from that rival of mine? Sorry, the transaction will never make it to one of my blocks.

I guess I could figure out better examples, but I hope you get the point. That would be the end of bitcoin as we know it.

Quote
I.E., - quit forking Bitcoin just to make a political statement or to gain more centralized control. It won't work.
Amen.
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
And no less centralised because the UK will now be ruled by one bastard government that cannot be trusted, instead of having the other 27 countries of the EU to moderate.


But it is less centralized because the sovereign unit is smaller.  If you do not like the current UK government, work to change it.  The smaller the sovereign unit he more impact an individual can have on its policy.

By your way of thinking one world government would be best because then we would have 195 countries to "moderate".
legendary
Activity: 3780
Merit: 5429
If you realize why XT, Classic, BU, BCash etc has failed [...]

They haven't and are still around. It is not a game about total dominance. The hostility towards other implementations is beyond me. Again diversity is key for trying to achieve some level of antifragility.

[...] Core's roadmap is the best possible solution [...]

I will let the market decide, thank you.

Yes, you are correct that the market should decide what the majority consensus implementation should be.

However, the hostility that you mention comes from the fact that the promoters/camps of these alternate implementations are still trying to proclaim that their forks or implementations are THE ONE AND TRUE Bitcoin, when clearly they are not. Not by longest chain. Not by most popular support from users, merchants, brokers, and exchanges. Not by most mining support. Not by most hashrate. Not by any measure whatsoever.

So the hostility is aimed at their misguided promoters, not at the implementations themselves.

I.E., - quit forking Bitcoin just to make a political statement or to gain more centralized control. It won't work.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
If you realize why XT, Classic, BU, BCash etc has failed [...]

They haven't and are still around. It is not a game about total dominance. The hostility towards other implementations is beyond me. Again diversity is key for trying to achieve some level of antifragility.

[...] Core's roadmap is the best possible solution [...]

I will let the market decide, thank you.
legendary
Activity: 3780
Merit: 5429
Oh bitcoinwisdom.com, you poor poor website.  Embarrassed  Cry

How your owner is so lazy that he/she can't even be bothered to remove btc-e ticker, or to fix the LTC/USD ticker (that is now broken).  Embarrassed
legendary
Activity: 3512
Merit: 4557
The 2x part will never happen in November but who cares?  Bigblockers have finally there BCash coin with no Segwit+8mb blocks...thats what they wanted, right?

What they want is control. Block sizes are irrelevant Cool
 

And that is exactly what makes me afraid of a 'core' implementation. Multiple implementations needs to be highly encouraged. Software has bugs, at least with multiple implementations you mitigate that risk.

IMHO the core team is making a big mistake by making their implementation incompatible with the 2X part of the NYA. It makes me sick how /r/bitcoin is currently involuntarily displaying a very narrowed view on the matter. I care about Bitcoin and the freedom it provides and don't need anyone to tell what is best, just code and stfu.

If you realize why XT, Classic, BU, BCash etc has failed then you'll understand why Core's roadmap is the best possible solution to make Bitcoin mainstream in the most decentralised way.

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