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The Bitcoin Thread (price and other bitcoin related topics) - Printable Version

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RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 09-09-2019

I almost forgot about this website that provides a cute little animation of the power of the next upcoming halvening, which they did in the last halvening too.  I am not sure if they were around for the first halvening.

https://www.thehalvening.com/#1



Here's a recent tweet thread on the topic, too.

https://twitter.com/Xentagz/status/1170763302995202048?s=20


[Image: ED9jA5hXoAEoK14?format=jpg&name=small]


RE: The Bitcoin Thread (price and other bitcoin related topics) - Swordfish1010 - 09-09-2019

To the moon.


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 09-10-2019

The below linked article from yesterday suggests that institutional investor activities regarding BTC seems to be picking up.

Let's see if such institutional investor activity continues or ends up positively affecting BTC's price.

https://www.longhash.com/news/bitcoin-futures-trading-on-cme-hints-at-influx-of-institutional-money


(09-09-2019, 08:43 PM)Swordfish1010 Wrote: To the moon.

Moon is relative.

Tongue Smile Wink Blush


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 09-10-2019

Here's a tweet from yesterday from Dan  Held and cites his article from October 2018: Bitcoin’s Distribution was Fair,

https://twitter.com/danheld/status/1171060693094797312?s=21

The attention grabbing tweet said:

>>>>>>>Satoshi wanted to signal to everyone that Bitcoin wasn’t a scam:

- No premine
- 2 months heads up before launching the network
- Coins had no value for 1.5 years so circulated freely (not replicable)
- Unlike every other founder in history, Satoshi never cashed out<<<<<<<


RE: The Bitcoin Thread (price and other bitcoin related topics) - Swordfish1010 - 09-11-2019

Dan used to follow me on twitter lol . I posted too much non bitcoin stuff I’m guessing . Smart guy tho


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 09-11-2019

I cannot recall if I had mentioned this earlier in this thread, but there is a bug in lightning network software, and further details have been publicly disclosed today, which requires updating of older lightning software.  The earlier news was merely announcing that lightning network software should be updated, but no details were given in the first announcement beyond just informing the public of the need to update lightning node software.

https://www.coindesk.com/lightning-network-developers-warn-of-bug-that-could-cause-loss-of-bitcoin


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 09-11-2019

Here's a nice tweet from Tuur Demeester that outlines various levels of wealth distribution in the event that BTC prices were to go to a million dollars.  A nice little speculation, and will it happen, might be a bit of another story.

https://twitter.com/tuurdemeester/status/1009162977294127104?s=21

[Image: DgFDyKlUYAAGp7M?format=jpg&name=small]


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 09-11-2019

(09-11-2019, 03:30 PM)Docardio Wrote: Great just great. The altcoin is a way to go but the BTC is only good for gambling in places like these [url=suspicious link removed[/url].

Huh?  So far, nobody here has been saying to use gambling sites with your bitcoin, and likely just a security vulnerability to be playing around with those kinds of things.

Personally, I am not even so excited about marketing ploys even from credible sources to earn interest on your bitcoins and those forms of supposed passive income, when bitcoin as itself remains a good investment that is likely to price appreciate better than most other asset classes - considering downside risk, too. 

Frequently gambling sites are means to take your bitcoin.  So, here, we have a newbie pointing us out to an unknown gambling site and suggesting that is both a legitimate use case for bitcoin and that we should go to such site.  I am torn about whether I should just report your post, or give you an opportunity to respond, first.  You have anything?  Maybe an apology?  I am probably just humoring myself by even entertaining the possibility that you might be something other than a troll/shill?  

By the way, I look at your post history and your registration date, and it appears that you have had seemingly non-troll/non-shill posts in the past (two of them), so maybe there is some need for me to grant some benefit of the doubt to you in this regard?

Edit [after thought]:
Also, Docardio, do you really know anything about bitcoin?  You did make a vague reference in an attempt to compare bitcoin to altcoins too, but the fact that I have not seen any posts from you regarding bitcoin causes me to question the extent to which you even have any kind of vague understanding of the topic under which you post.  Perhaps you could explain your history in bitcoin too, if you happen to have any kind of possibly legitimate explanation for your previous post.


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 09-12-2019

Tweet of a nice view of three juxtapose graphs that are in 4 year cycles, and let's see if another similar upwards trend comes after mid-2020?

https://twitter.com/ChartsBtc/status/1171789653491372032

[Image: EEMIemwU4AAEGtg?format=png&name=small]


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 09-12-2019

Here's an article speculating on an interesting brain exercise about a kind of event that is neither too likely to happen or to be successful (or smart -  only die-hard Trump supporters have actually argued that he is actually smart.. hahahahaha) if it were to happen.

https://bitcoinist.com/donald-trump-will-ban-bitcoin-when-price-reaches-usd-100000/


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 09-12-2019

Nice image from Phil_S   - describes chart as:  
 
>>>>>"2x per year" lines, and 7-day price average:<<<<<<<
[Image: ?u=https%3A%2F%2Fi.imgur.com%2FnIWrTWg.p...ZcsQSBt1lg]


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 09-13-2019

(09-12-2019, 08:36 PM)JayJuanGee Wrote: Nice image from Phil_S   - describes chart as:  
 
>>>>>"2x per year" lines, and 7-day price average:<<<<<<<
[Image: ?u=https%3A%2F%2Fi.imgur.com%2FnIWrTWg.p...ZcsQSBt1lg]


Whoops. I forgot to put the link to the above graph. Here it is: https://bitcointalk.org/index.php?topic=178336.msg52433888#msg52433888



Also, here's a link to a tweet that shows dollar cost averaging returns for bitcoin over four years, and then gets in a dig at gold.. to show the contrasting return levels.


https://twitter.com/Rhythmtrader/status/1172116917546618880

[Image: ?u=https%3A%2F%2Fi.imgur.com%2FHFy611M.p...hV1zDg3IIA]


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 09-13-2019

An article discussing an interesting development in terms of seemingly increased bitcoin interest in futures contracts, or perhaps preparation for increasing interest in those futures?

https://cointelegraph.com/news/cme-asks-cftc-to-double-bitcoin-futures-capacity-as-interest-soars

>>>>>>>Double open positions limit, says CME
According to Nasdaq on Sept. 12, CME has already put its plans before the Commodity Futures Trading Commission (CFTC).
If successful, each investor would gain a monthly limit of 2,000 contracts per spot month instead of the current 1,000.
The move comes on the back of constant growth in demand for Bitcoin futures, with CME’s volumes setting new records on a regular basis.<<<<<<<


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 09-13-2019

Here's a link to a strange story.

Russian Lawyer's claim that they can recover 200,000 GOX coins, and they want to receive a 75% fee in order to carry out such recovery.

https://cointelegraph.com/news/russian-lawyers-claim-200-000-btc-lost-in-mt-gox-can-be-recovered


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 09-14-2019

Here's an interesting article with a lot of interesting metrics.

https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-96e

Even though I don't really agree with some of their seemingly quasi-subliminal attempts to prop up gold, as compared with bitcoin, there are still a lot of interesting charts contained within the article.

Edit: 
I will leave the above link, despite my further review of it that causes me to conclude that the contents of the article misleads more than it contributes.. but I think that it can still be helpful to have articles of other perspectives, and maybe even to be able to see the sometimes subtle ways that they attempt to mislead.  Accordingly, after looking through the above-linked article some more, I believe that it engages in a decent amount of distraction and misleading by trying to equate various other "crypto" projects to king-daddy bitcoin which could quite mislead guys into thinking that there is some validity with various shit projects, including bcash or zcash...   So, hopefully no guys are too mislead by my keeping this linked-article here and attempt to give some benefits of the doubt to this article because of some of its lovely on-the-face and seemingly misleading graphs (even though they are factual, to me, they still seem to be misleading spin attempts).


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 09-14-2019

Seems to be an interesting development that exchange creater, Hodl Hodl, has announced that it is open sourcing its exchange software.. kind of an aspiration to create safety through promulgation of software.  Maybe it will work.  Maybe?  Maybe?  Maybe?

https://www.coindesk.com/hodl-hodl-wants-you-to-clone-its-p2p-bitcoin-exchange


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 09-17-2019

Here's a good and practical article for bitcoin traders or wannabe traders:

>>>>>>
Bitcoin Trading: 7 Tips to Detach Your Emotions From Your Portfolio


Acknowledge fear vs. greed
Failing to plan is planning to fail
Treat trading like a business
Never watch the scoreboard
Know when to trade
Trade with the proper size
Have a life outside of trading   

<<<<

https://cointelegraph.com/news/bitcoin-trading-7-tips-to-detach-your-emotions-from-your-portfolio


I have my own personal tips too, which would include setting your BTC trade quantities, price points and increments in such a way that you are as little emotional as possible about whether they get filled or not and let the BTC price come to you rather than changing merely because you are forcing your orders to fill (because of your impatience) - even while, every once in a while you might still need to tweak your increments, your amounts or your price points - however the less that you have to tweak likely shows that you have successfully set your increments, amounts and price points in way that allows you to be less emotional.


RE: The Bitcoin Thread (price and other bitcoin related topics) - Swordfish1010 - 09-17-2019

Wells Fargo is making their own shitcoin lol


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 09-18-2019

(09-17-2019, 10:46 PM)Swordfish1010 Wrote: Wells Fargo is making their own shitcoin lol

Yeah.  There has been some discussion  about all of the facebook coin copycats that are likely going to come about and therefore dilute the appearance of bitcoin's market dominance on coinmarketcap.  Either we will have to get new measures, when those coins come into place, or just ignore them when they make such appearances of size when they are going to be nowhere near to offering the same kind of paradigm shifting POW system that bitcoin offers.

Also, here's a nice Bitcoin article from today, a shorty but a goodie which seems to recognize how bitcoin is a hedge.  

https://www.zerohedge.com/crypto/bitcoin-hedge-against-govt-fiscal-irresponsibility-analyst


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 09-20-2019

The author of the below linked thread seems to believe that the launch of BAKKT in less than a week (4 days I believe) coincides with the need to break out one direction or another.  I don't know if the BTC price has to break out either up or down... because it could break out sideways, yet the article does still raise a few interesting points.


https://eng.ambcrypto.com/bakkts-launch-coincides-eerily-with-bitcoins-breakout-will-bakkt-be-a-tailwind-or-a-headwind/