Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19648. (Read 26607976 times)

My "insight" is as per all the released materials and statements by the Blockstream founders, the funding for Blockstream is basically to "keep doing what you are doing", build out the infrastructure and eventually a long term payback will inevitably arise by having all the best guys producing all the best ideas in the space. In the same way Mozilla foundation eventually profited from their browser search box ($300 million per annum from google for the default search  engine setting), Blockstream is expected to create something in the long term (next 5-10 years) that will inevitably be monetised ... in the meantime, all those investors you mention are helping to secure good people working on core 'unsexy' bitcoin infrastrucure, who were otherwise unpaid volunteers, and that will also future-proof their numerous other non-Blockstream investments in the space.

I'm sure you know all this and it is about the umpteenth time I've had to explain it to the usual trolls but today I'm feeling generous, so you should bookmark this answer for the hundred other times you will beg this question in the various forums.

I've consciously tried to abstain from the blocksize debate. I don't do coding myself (not since Microsoft Basic on a TRS-80  ) so I have to place my trust in the worldwide Bitcoin "community" to police the open-source code. When I delegate, I try not to interfere.

That said, I see the need for larger blocks with time. I also see people with a political agenda trying to use the debate for their own purposes. I'll leave politics to the politicians.  

Blockstream? I don't follow it too closely but I know it's a sidechain technology, as is Ethereum which I don't follow that closely either, although I did attend a meetup just before the launch in which Vitalik Buterin spoke and outlined the advantages of decentralized contracts. Blockchain 2.0 obviously holds great promise but I don't see it as competing with Bitcoin, which has achieved critical mass ahead of any altcoins.

As for how long we'll go sideways this time, my guess is probably for a few days although being the weekend, anything can happen.

Nice analogy.

BTW... do you have any insight on how Blockstream might earn back the $21 million bestowed upon them by Reid Hoffman, Khosla Ventures and Real Ventures, with investments from Nicolas Berggruen, Crypto Currency Partners, Future\Perfect Ventures, Danny Hillis, Eric Schmidt’s Innovation Endeavors, Max Levchin, Mosaic Ventures, Ray Ozzie, Ribbit Capital, Jerry Yang’s AME Cloud Ventures and several others?

666

Stephen Pair should stick to blowing untold millions and running start-ups off the cliff at the end of the runway.

634

6 0 0

soon

Coin



Explanation

Up up and away.

The next retest of 500 is going to be epic.

2016 is the new two-thousandthirteen.                                     

https://www.youtube.com/watch?v=7Vo-rF5Wx6s

Coin



Explanation

hahahahaha


I guess it's good to see you to chime in because no one can really sub for your broken record... like you.       

Your comment really has nothing to do concerning whether you are a bear or a bull.

If you are holding both fiat and btc, then it is just a matter of whether you have sufficiently allocated for your point of view regarding the probable direction of the price.

You can talk all the trash that you like, but other people, whether bears or bulls are also engaged in various strategies that they perceive are good for their own financial position.. and some positions are more profitable than others, and surely time will tell us, as well who made better bets to the extent that they have invested where their mouth is.

I'm curious as well. I can't help but notice he's yet to appreciate Blockstream.

Very suspicious.

For older peeps, such as me, I came into bitcoin, and I already had quite a bit of fiat-dependent investments, so when I got into bitcoin, I was strategizing to place a lot of my new available money into BTC (and that was meant to cause to diversify the various holdings that I already had). 

I understand that some other people come into bitcoin, and they may not have too many fiat based investments, and when you are young, you may be o.k. to take some risks, especially with something like BTC, but it seems very stressful, to me, if the asset is not performing too well, and you don't have anything else.

Also, following my earlier post from a few minutes ago, trading the larger swings, could also cause a certain amount of hedging.. but it could become a little bit time consuming to set up various trading strategies and then to monitor the progress of such trading strategies (in those cases in which a person doesn't really want to invest in other assets).

Hey Jimbo, Any thoughts on how long we'll move sideways now? Also would you care to comment and throw in a few bits regarding core/blocksize/bitpay/coinbase current loggerjam/loggerhead? not sure which its supposed to be with regards to above term lol. Thanks.

Thanks bro.

I agree...

There are ways to put your cash to work, without getting so anxious about having some cash that may seem as if it is not working (because it is merely in reserve for wider downward price swings, for example).

So for example, underdog 81 could allocate the cash towards buying at certain strategic points...

Let's say for example, Underdog 81 has about 100 bitcoins and about $20k in cash, but he does not have any other investments.


I don't really have any major problem with someone who doesn't want to invest in stocks or gold or real estate... Actually bitcoin gives quite a bit of flexibility to trade whenever a guy wants, and there are ways in which the fees can be near or close to zero in bitcoin, as compared with some other mainstream investments.


Accordingly, underdog 81 should figure that for every dollar bitcoin goes up, his total BTC portfolio value goes up $100... accordingly, if BTC goes up $10, then his BTC portfolio goes up $1000... There's a lot that can be worked from that framework... and he should not be conceiving that he will get more rich if he invests all of his fiat in BTC because, there would likely be too much stress and resentment if the BTC market works against him.


Accordingly, underdog81 could stagger his cash allocation to invest in $5 or $10 increments.. and maintain some flexibility.  For example, he could invest into BTC approximately $500 for every $5 that BTC prices go down, and sell $200 for every $10 that it goes up.. (and don't be too rigid).

There are a lot of ways to tweak the preallocated numbers too, especially a person does not want to be too rigid especially if he is pretty sure that he can buy BTC cheaper in the next few hours or sell higher in the next few hours (or even days); however, at the same time, a guy doesn't want to become too greedy either, so needs to lock in the buy or the sell at certain points when the price direction may be changing, even if it is not at the exact top or bottom of the price swing... and there is no need to catch every price swing either because it is good to have "a life" even when trading the BTC price swings... it certainly should become easier after some practice and there are ways to learn to leave orders open when the market leaves you behind in either direction, because each of your BTC trades are not a high percentage of your total BTC holdings...

And, with such a strategy, underdog81 should be able to build both fiat and BTC... in the long run, as long as don't get too whimsical in strategies or greedy.   Oh, and sometimes in that regard, a person needs to have enough patience to wait out the price to let the price come to him or just to let it slide when the price seems to be going in the opposite direction... just sell at a higher price or buy at a lower price... when the price moves against you.. in order to make up for the still open position.