(10-30-2019, 06:20 PM)Swordfish1010 Wrote: The thing shitcoiners don't seem to grasp is that "bitcoin maximalists" have all dabbled in shitcoins and learned that they are at best pump and dumps, or worse outright scams. The ICO bubble in 2017 was a horrible moment for the overall space. It was one thing to dabble in shitcoins when they were able to outperform bitcoin in short term gains, but I think there was a certain moral irresponsibility in promoting any of them as they were clearly never going to gain any serious liquidity. We are almost in 2020 now and people STILL have not learned their lessons or their history. We now have institutional investors getting involved who are not going to touch any of that crap. I am most surprised that ethereum is still shilled, as it is an outright scam that will never scale and is centralized af. Ultimately some people are able to take advice from people that have learned through experience, and some people that just refuse to accept that anyone could possibly know better than them and to take their advice. Once I read "the bitcoin standard" by Saifedean late last year it finally clicked about why bitcoin was the only thing that mattered. At this point I started posting about it on RVF and was of course met with stark criticism and hate. Regardless, I have learned that ultimately you can lead horses to water, but you can't make them drink it. I am more on the side of Trace now where I am much more self-selecting with who I discuss this topic with as I want libertarian types on my side and not the socialist scum that makes up most of my generation. We are at the final stages of the altruistic phase of adoption, this next decade is going to be much more competitive. Leading people down the shitcoin path will only benefit people as it will allow them to stack their bitcoin bags bigger. Everyone is a scammer.

 

(10-30-2019, 07:23 PM)JayJuanGee Wrote:

(10-30-2019, 06:20 PM)Swordfish1010 Wrote:

(10-30-2019, 06:07 PM)JayJuanGee Wrote:

(10-30-2019, 05:49 PM)Swordfish1010 Wrote:

(10-30-2019, 07:47 AM)JayJuanGee Wrote: I am both glad that lots of smart peeps are working on these kinds of matters, and that I am patient.

In the meantime, my bitcoin continues to gain value in cold storage and perhaps easier ways to liquidate are being worked on, on an ongoing basis.

Yeah I was catching up with my old childhood friend last week and I directly said "bitcoin is humbling. I am not that rich, not that smart, and not that important." So many geniuses in this space its insane.

In some sense, the non-genius move becomes kind of genius, but I try NOT to take too much for granted that is for sure.  So overall, I already prepare for BTC's price to go in either direction, and hope for a minimum return that averages at least 6% per year in order to at least stay on par or to out perform my traditional investments that seem to return around 5.5% on average.  Anyhow, there definitely seems to be way more potential than 6% per year, but I have never really counted on it.

Of course, anyone can make mistakes in terms of both getting caught up in shitcoins or getting distracted by quasi-irrelevant arguments that shitcoiners tend to propound without really realizing that is what they are doing with the various kinds of true beliefs of how some of the shitcoins are supposedly better than bitcoin in various ways.

There is a certain realization that in order for a shitcoin, whether it is ethereum, bcash variants (abc or sv), ripple, monero, tron, eos, litecoin, stellar, or any of the other supposed contenders, need to improve upon bitcoin in considerably great ways, maybe 10x improvements in order to really be a meaningful contender.  There is a power in boring.  There is a power in networking effects.  There is a strength that bitcoin has with NOT being easy to change that diptwats nimwits (who might otherwise be really smart people) get distracted into thinking that one of bitcoin's major strengths is actually a weakness), and it is so easy to get distracted into such nonsense through being too smart for your own good.  

Surely, the market is going to speak more, and I think that it is already kind of speaking (which you seem to see that too, swordfish) in terms of the ongoing strength of king daddy in getting a lot of the incentives and the dynamics correct that allow developers, miners and users to freely decide - and to gravitate towards bitcoin's kind of logically sound shelling point... and just let the many scam attempts play out, because there is nothing even close to being on the horizons even though the ethereum pumpers seem to believe that they have something materially meaningful there within that smoke and mirrors with a side pumpening wagon feature.  There is no doubt that it is going to be pumped again, and maybe even have some periods of outperforming bitcoin in the short-term.. which will get many snot-nosed 14 year olds, and maybe even a few BIG named companies quite worked up too in terms of their ongoing confusing nonsense.   hahahahahaha

The thing shitcoiners don't seem to grasp is that "bitcoin maximalists" have all dabbled in shitcoins and learned that they are at best pump and dumps, or worse outright scams.

That is a bit of a funny kind of irony.  hahahahaha.

There are so many shitcoiners pumping their crap as if they had just invented something new, and it frequently is some kind of variation of another shitcoin project that had already been tried, or such an insignificant contribution that it is not likely to make much if any difference in the world - but it will be sold as if it were the best thing since sliced bread. hahahaha

(10-30-2019, 06:20 PM)Swordfish1010 Wrote: The ICO bubble in 2017 was a horrible moment for the overall space. It was one thing to dabble in shitcoins when they were able to outperform bitcoin in short term gains, but I think there was a certain moral irresponsibility in promoting any of them as they were clearly never going to gain any serious liquidity.

I kind of agree with what you are saying, but I also have difficulties getting too morally judgmental regarding how various aspects of history played out in terms of suggesting that there was some kind of evil that might need to be stamped out or avoided because factually, the scamming and the hype and the bullshit seems to have had a decent amount of freemarket benefits in terms of attracting a lot of money to the space and sure some of that money is going to find its way around to bitcoin, and there surely were a lot of smart people and smart projects and smart talent that was diverted into the pumping and production of nearly absolute shit, but in the end, it seems almost an inevitable process that happens in the wild wild west, and as the space and regulations develop, then there will be some attempts to crack down on the worse of the scenarios and even may cause some temporary damage to bitcoin, if that is possible, but in the end, bitcoin's survival through that bullshit had caused bitcoin to become stronger in some ways in terms of learning from some of the projects and even being able to absorb any good aspects or to learn not to go down certain roads, too.  Even with the money, some folks probably thought that if they threw enough money at some projects, they might be able to pump the project in such a way that causes it to have momentum, but at the same time, some of the pumpers were able to find vehicles that caused them to prosper tremendously while sacrificing a lot of gullible dumb fucks to fail and to refuse to understand how much they were being manipulated by some systems that might have locked up their capital and caused the enriching of already rich scammers while some of those poor people became more poor with their desires and even actions to attempt to become rich (or at least less poor... that might not have worked out too well for a decent number of quasi-innocent people).

(10-30-2019, 06:20 PM)Swordfish1010 Wrote: We are almost in 2020 now and people STILL have not learned their lessons or their history.

I am pretty sure that people are not going to learn, which is quite likely to result in another alt coin season.  Of course, it will likely NOT play out exactly in the same way as the last alt coin season, and maybe even some of those folks waiting for an alt coin season are going to end up getting screwed because they end up playing it wrong.. .. and surely many of those folks who get trapped are going to be way under invested in bitcoin, when perhaps more than 80% or more of their value should be in bitcoin, and maybe they either don't have any in bitcoin or they only have a few percentages in bitcoin, and end up getting screwed or at least providing fuel for others.  We will see.  There are surely going to be some folks that get lucky too because there will be decent money coming into the space and maybe even opportunistically pumping some already existing shitty project or even pumping some new variation of a project that is still shitty, but experiences a decently long period of pumpening.  I am not planning to play around with that bullshit, and I am pretty confident that there will be a decent number of guys calling me a dumbass while I am only getting 3x or 8x or even 20x profits while they are making many times more than me, blah blah blah, just like how these smart as fuck folks were behaving in 2017.... and some of those diptwats are still being pumped up as geniuses these days in some bitcoin related threads... and likely to come into this thread too.  

(10-30-2019, 06:20 PM)Swordfish1010 Wrote: We now have institutional investors getting involved who are not going to touch any of that crap.

There are plenty of institutional investors who are just as distracted by shitcoins as regular peeps.

(10-30-2019, 06:20 PM)Swordfish1010 Wrote: I am most surprised that ethereum is still shilled, as it is an outright scam that will never scale and is centralized af.

Exactly.  Case in point.  There are a lot of ethereum believers, and even smart people, so maybe it will pump and maybe it won't.  Even though I am not going to invest into it, there might be some folks who are able to play ethereum in such a way that they make way more money than me, and I don't give any shits because I largely agree with you that it is just a heap of pure garbage and mumble jumbo that happens to have decently large marketing that is based on pie in the sky phoney baloney, even if ethereum folks proclaim that there is no marketing happening... and ethereum is the next..  blah blah blah (whatever their new story happens to be).

(10-30-2019, 06:20 PM)Swordfish1010 Wrote: Ultimately some people are able to take advice from people that have learned through experience, and some people that just refuse to accept that anyone could possibly know better than them and to take their advice.

I think that most of us have to plow some of our own path, and some will get burned more than others while learning through experience.  Of course, sometimes guys will be able to figure out ways to experience less downside by seeing some of what others have gone through, but in the end, it takes a while to learn various lessons whether the lessons came through bitcoin, shitcoins or other life experiences, investing or otherwise.

(10-30-2019, 06:20 PM)Swordfish1010 Wrote: Once I read "the bitcoin standard" by Saifedean late last year it finally clicked about why bitcoin was the only thing that mattered. At this point I started posting about it on RVF and was of course met with stark criticism and hate.

hahaha  Some of those haters are everywhere.  Sometimes they do get a BIGGER grasp on certain threads or forums though.  The bitcoin topic, too, can be quite polarizing, and sometimes, administrators might neither understand the topic enough or they might even get caught up in shitcoin talking points, so even here, we cannot be sure exactly if some of the administrators or mods might end up chiming into this thread and even temporarily or permanently influencing its direction..and maybe even becoming too receptive to shitcoin talking points that might be less than genuine.. but still appearing genuine on the surface.  

(10-30-2019, 06:20 PM)Swordfish1010 Wrote: Regardless, I have learned that ultimately you can lead horses to water, but you can't make them drink it. I am more on the side of Trace now where I am much more self-selecting with who I discuss this topic with as I want libertarian types on my side and not the socialist scum that makes up most of my generation.

It can be a bit funny how each of us evolves in this space, and even Trace has his moments of questionable behavior....  (I mean like sometimes he just seems overly mean about the level of suffering of newbies having to learn, which can come off as a bit elitist)... but of course, he has built a long term reputation as being fighting for the bitcoin cause, and in the end, I think that each of us should attempt to be responsible to engage in as much critical thinking as we are capable of, and sometimes even people who agree on a large number of areas might have some smaller areas in which they come to different conclusions about either objectives or methodology or even an ability to empathize with other people.  Of course, also, like you are saying, sometimes we have to be careful in terms of empowering people who are likely just going to act as attack vectors to our ideologies rather than really being genuine folks who are largely acting in good faith.

(10-30-2019, 06:20 PM)Swordfish1010 Wrote: We are at the final stages of the altruistic phase of adoption, this next decade is going to be much more competitive.

Maybe.  The space is getting BIGGER in terms of money coming in, and surely some hominess and coziness has gone away, but there will likely always be some needs to attempt to work with the opposition because sometimes people who seem to be enemies are going to come around, and not just faking it either, they genuinely had been fighting the opposite side and realize how dumb that they had been.  I do agree that sometimes, though, we do have to hold the bad behaviors of others against them for a long period of time until they actually prove that they are genuinely not engaging in bad behaviors.

(10-30-2019, 06:20 PM)Swordfish1010 Wrote: Leading people down the shitcoin path will only benefit people as it will allow them to stack their bitcoin bags bigger. Everyone is a scammer.

Hahahaha.  You admit to being a scammer?  I will admit that bitcoin allows incentives that everyone attempts to act in his own interest that allows for the whole to benefit, but gosh there is still some balance in the whole mix.. because acting greedy is likely o.k... just like I can work towards getting rich while promoting bitcoin, while there are levels of going over the line which causes me to no longer someone who is sufficiently playing on the same underlying understood and frequently unwritten rule book.

(10-30-2019, 10:15 PM)Swordfish1010 Wrote:

(10-30-2019, 07:23 PM)JayJuanGee Wrote: [edited out]

Agreed, ultimately it's all good and our individual evangelism doesn't really matter. stock to flow makes up 95% of price. Yeah I am a scammer for trolling RVF into getting them to short it out of hate towards me hahahaha.

(10-30-2019, 11:06 PM)JayJuanGee Wrote:

(10-30-2019, 10:15 PM)Swordfish1010 Wrote:

(10-30-2019, 07:23 PM)JayJuanGee Wrote: [edited out]

Agreed, ultimately it's all good and our individual evangelism doesn't really matter. stock to flow makes up 95% of price. Yeah I am a scammer for trolling RVF into getting them to short it out of hate towards me hahahaha.

hahahahaha

I don't really consider myself an evangelizer, but instead someone who remains interested in the bitcoin topic.  Of course, I get annoyed when some people are spreading what I believe to be misinformation or disinformation or even propagating either gambling techniques or expressing what I perceive to be too much certainty regarding BTC's price direction in the short term.

I do get quite a bit of thrill though out of a bunch of guys seeming to come out of nowhere and to talk with a lot of certainty about bitcoin's negative price direction, and even if there are some decent odds that they could be correct, especially in the short term, it remains very pleasurable to see likely RECKT status if any of them had actually put substantial money into acting on their overly bold prediction, seeing BTC's price rise about 42% in less than 12 hours.

Also, sometimes guys try to assert that I am getting reckt when BTC's price drops by 20% or 50% in a correction cycle, and surely those assertions had a whole lot more resonance during my first couple of years in bitcoin when my BTC holdings were largely in the negative, and my primary come-back was just to say that all of the coins that I continue to acquire were bringing down my costs per BTC... blah blah blah...   Seemed to have had taken a long time for that set of circumstances to work into my favor, and so in recent times, when BTC prices dropped from nearly $20k to  a bit above $3k, my profitability from about 25x in profits to only 4x in profits, which surely there is a decent amount of feelings of opportunity costs pain in that, but I had already committed to a system in which I appreciated the tradeoffs which also ended up being degrees of profitability and equity rather than being in the red.    

I suppose a considerable variety of BTC positions can be tailored to individual circumstances, but I will still seem like an evangelist at least in terms of my stronger insistence that guys should at least take a minor stake in bitcoin (such as 1%) once they’ve at least minimally  ensured that their finances and cashflow are in a non-emergency and a kind of quasi-normal state.

(10-30-2019, 11:27 PM)Swordfish1010 Wrote:

(10-30-2019, 11:06 PM)JayJuanGee Wrote: [ edited out]

Hindsight is always 20/20.

(10-30-2019, 07:32 PM)billydingdong Wrote:

(10-30-2019, 06:20 PM)Swordfish1010 Wrote: The thing shitcoiners don't seem to grasp is that "bitcoin maximalists" have all dabbled in shitcoins and learned that they are at best pump and dumps, or worse outright scams. The ICO bubble in 2017 was a horrible moment for the overall space. It was one thing to dabble in shitcoins when they were able to outperform bitcoin in short term gains, but I think there was a certain moral irresponsibility in promoting any of them as they were clearly never going to gain any serious liquidity. We are almost in 2020 now and people STILL have not learned their lessons or their history. We now have institutional investors getting involved who are not going to touch any of that crap. I am most surprised that ethereum is still shilled, as it is an outright scam that will never scale and is centralized af. Ultimately some people are able to take advice from people that have learned through experience, and some people that just refuse to accept that anyone could possibly know better than them and to take their advice. Once I read "the bitcoin standard" by Saifedean late last year it finally clicked about why bitcoin was the only thing that mattered. At this point I started posting about it on RVF and was of course met with stark criticism and hate. Regardless, I have learned that ultimately you can lead horses to water, but you can't make them drink it. I am more on the side of Trace now where I am much more self-selecting with who I discuss this topic with as I want libertarian types on my side and not the socialist scum that makes up most of my generation. We are at the final stages of the altruistic phase of adoption, this next decade is going to be much more competitive. Leading people down the shitcoin path will only benefit people as it will allow them to stack their bitcoin bags bigger. Everyone is a scammer.

Off the mark.

Most people involved in those "shitcoins", i.e. the other crypto projects, started with Bitcoin but are participating in those other projects because they see an opportunity to capture value due to Bitcoin's inherent limitations. 

(10-30-2019, 07:32 PM)billydingdong Wrote: Namely that it's slow as fuck, mining pools are concentrated in China, it lacks proper privacy features, it's not programmable, and that the proof of work consensus mechanism is an enormous waste of resources.

(10-30-2019, 07:32 PM)billydingdong Wrote: Many are willing to make trade offs between change resistance/absolute immutability if it entails proven transparent, responsible governance, evolution of the protocol, and enhanced convenience.

(10-30-2019, 07:32 PM)billydingdong Wrote: Also, many are worried about the 21M supply cap limit and its implication for Bitcoin's long-term security — there was even discussion of this on RVF.

(10-30-2019, 07:32 PM)billydingdong Wrote: It's a great narrative, but we simply don't know if Bitcoin can sustain itself long-term as block rewards go away.

(10-30-2019, 07:32 PM)billydingdong Wrote: Maybe it can, maybe it can't but up to this point we haven't seen a cryptocurrency secure its network without inflation via block rewards. 

(10-30-2019, 07:32 PM)billydingdong Wrote: The libertarian wet dream of 'hard money' sounds nice but like most dreams, at this point you have to be asleep to appreciate it.

(10-30-2019, 07:32 PM)billydingdong Wrote: Meanwhile the vast majority of developers and enterprises, those that spend their time building the actual infrastructure that will make crypto adoption possible, are overwhelmingly involved in other projects.

(10-30-2019, 07:32 PM)billydingdong Wrote: Ethereum alone has about 4x more devs working on it than Bitcoin and that doesn't even include adjacent projects like Chain Link, Augur, 0x, Maker, Khyber, Basic Attention Token etc. And on top of that, Ethereum and Bitcoin combined don't have more devs than the rest of the top 100 projects.

(10-30-2019, 07:32 PM)billydingdong Wrote: I'll repeat: Saying that you know  better than all of the enterprises + devs

(10-30-2019, 07:32 PM)billydingdong Wrote: who are pouring financial resources and manpower into other projects and that they're involved in an obvious 'scam' is foolish.

(10-30-2019, 07:32 PM)billydingdong Wrote: You're free to love you some Bitcoin for whatever reason, but some perspective is in order.

(10-31-2019, 02:15 AM)Swordfish1010 Wrote: billydingdong keep shorting bitcoin please.

(10-31-2019, 02:23 AM)JayJuanGee Wrote:

(10-31-2019, 02:15 AM)Swordfish1010 Wrote: billydingdong keep shorting bitcoin please.

hahahahahaha

I don't think that he is shorting, so far, but shorting might be a good recommendation to supplement his beliefs in various other projects that are likely to kick bitcoin's ass (from his perspective).  Sucks for us bitcoin HODLers.  

(10-31-2019, 03:17 AM)billydingdong Wrote: No problem swordy

Your neckbeard vibe won't be missed. 

Quote:First of all, suggesting most people started with bitcoin and then they progressed to some shitcoin, what kind of facts/argument is that beyond nearly pure fantasy?

Quote:Also, you want to imply that people actually discovered that there is or was some kind of defect in bitcoin, and they were enlightened into shitcoins.  I know people can sometimes be really dumb, but they are likely not even as dumb as you are making them out to be.

• Bitcoin is not programmable, many other blockchains are.
  
• Bitcoin does not offer  private transactions. Many others do.
  
• Bitcoin can only process 5 - 7 transactions per second. Many others can process more.
  
• Bitcoin's proof of work is resource hungry. Many others are seeking to implement less wasteful consensus mechanisms.
  

Quote:As far as I can see, those dumbass talking points don't really deserve further rebuttal beyond just pointing them out for what they are.  If you want to put forth some kind of meaningful evidence beyond your nonsense, then maybe they might be worth talking about; however, you are likely bordering upon off topicness for this thread, anyhow. 

Quote:There has been no other project that has been designed to be a money that has created such consensus supported scarcity, and yeah, you and your goofball trolls would like to whine the fuck out of this issue and hopefully sew enough confusion in order to break bitcoin's consensus in such a way to convert a strength into a weakness.

Quote:Yes... money flowing into other projects.  Great.  Maybe you will be getting a pumpening at some point?  Hopefully soon because the vast majority of those projects have been doing pretty awefully badly, especially relative to bitcoin in the past year or so and maybe even moreso since early April of this year.

(10-31-2019, 05:00 PM)billydingdong Wrote:

(10-31-2019, 02:10 AM)JayJuanGee Wrote: First of all, suggesting most people started with bitcoin and then they progressed to some shitcoin, what kind of facts/argument is that beyond nearly pure fantasy?

You (try to) write eloquently but, as usual, lack understanding.

Most of those involved in other projects first started in Bitcoin, myself included. No mention about those currently involved in Bitcoin.

(10-31-2019, 05:00 PM)billydingdong Wrote:

(10-31-2019, 02:10 AM)JayJuanGee Wrote: Also, you want to imply that people actually discovered that there is or was some kind of defect in bitcoin, and they were enlightened into shitcoins.  I know people can sometimes be really dumb, but they are likely not even as dumb as you are making them out to be.

Sometimes I wonder how some Bitcoin Maximalists can be so dumb...

Other projects are more interesting for those who actually want to move the ball forward:

(10-31-2019, 05:00 PM)billydingdong Wrote:

• Bitcoin is not programmable, many other blockchains are.

(10-31-2019, 05:00 PM)billydingdong Wrote:

Bitcoin does not offer  private transactions. Many others do.

(10-31-2019, 05:00 PM)billydingdong Wrote:

Bitcoin can only process 5 - 7 transactions per second. Many others can process more.

(10-31-2019, 05:00 PM)billydingdong Wrote:

Bitcoin's proof of work is resource hungry. Many others are seeking to implement less wasteful consensus mechanisms.

(10-31-2019, 05:00 PM)billydingdong Wrote: If you follow the space, it's the smarter people, certainly from a raw intelligence perspective, that are moving into the other projects as Bitcoin's value proposition becomes more tenuous.

(10-31-2019, 05:00 PM)billydingdong Wrote: As I've said before, Bitcoin's best case scenario seems to be a store of value commodity asset class a la digital gold.

(10-31-2019, 05:00 PM)billydingdong Wrote:

(10-31-2019, 02:10 AM)JayJuanGee Wrote: As far as I can see, those dumbass talking points don't really deserve further rebuttal beyond just pointing them out for what they are.  If you want to put forth some kind of meaningful evidence beyond your nonsense, then maybe they might be worth talking about; however, you are likely bordering upon off topicness for this thread, anyhow. 

Pointing out Bitcoin's shortcomings are very topical in the Bitcoin thread.

(10-31-2019, 05:00 PM)billydingdong Wrote: Calling the specific objections I raised above 'talking points' doesn't negate the fact that these doubts exist for many nor their validity.

(10-31-2019, 05:00 PM)billydingdong Wrote: Sorry JJG, but if anyone is whining here it's you

(10-31-2019, 05:00 PM)billydingdong Wrote: , pouting about 'TalKIng PoinTS' when people have expressed legit doubts that you don't seem to want to take on.

(10-31-2019, 05:00 PM)billydingdong Wrote:

(10-31-2019, 02:10 AM)JayJuanGee Wrote: There has been no other project that has been designed to be a money that has created such consensus supported scarcity, and yeah, you and your goofball trolls would like to whine the fuck out of this issue and hopefully sew enough confusion in order to break bitcoin's consensus in such a way to convert a strength into a weakness.

Sorry JJG, but this 'strength' is only applicable if it is long-term sustainable. And there's no evidence as of yet of a blockchain crypto that can maintain its security on transaction fees alone and without inflation subsidies to its miners.

(10-31-2019, 05:00 PM)billydingdong Wrote: I understand that you only want to talk about pie-in-the-sky-dreamboat-everything-happy in Bitcoin land,

(10-31-2019, 05:00 PM)billydingdong Wrote: but many may be interested what the risks of a fixed hard cap might be.

(10-31-2019, 05:00 PM)billydingdong Wrote: I'll repeat: if Bitcoin is secured by miners who receive an inflation subsidy + transaction fees, and if that subsidy is going to be slashed by more than 90% in the coming 10 years while transaction fees are presently nowhere near enough to replace that subsidy, then that is a risk vector for those of us that are long-term investors (as I am).

(10-31-2019, 05:00 PM)billydingdong Wrote: Not all of us are so careless and uncritical with our wealth.

(10-31-2019, 05:00 PM)billydingdong Wrote: It's regrettable you have to pout like a toddler every time anyone points out these downsides while calling them 'TalKIng PoinTS'

(10-31-2019, 05:00 PM)billydingdong Wrote: and not offering any kind of rebuttal.

(10-31-2019, 05:00 PM)billydingdong Wrote: But the central difference between us, sir,  is that I'm an equal opportunity critic and not a desperate advocate

(10-31-2019, 05:00 PM)billydingdong Wrote: — I'm intellectually honest enough to acknowledge the risks for any crypto project including the ones I see as superior.

(10-31-2019, 05:00 PM)billydingdong Wrote: It's easy to do that when the majority of my holdings are NOT in crypto, since I still view it as speculative at this point.

(10-31-2019, 05:00 PM)billydingdong Wrote:

(10-31-2019, 02:10 AM)JayJuanGee Wrote: Yes... money flowing into other projects.  Great.  Maybe you will be getting a pumpening at some point?  Hopefully soon because the vast majority of those projects have been doing pretty awefully badly, especially relative to bitcoin in the past year or so and maybe even moreso since early April of this year.

Still early innings, mate. For blockchain + crypto we're barely entering the 'early adopters' stage. You're gloating about a 10 point lead 5 minutes into the game.

(10-31-2019, 05:00 PM)billydingdong Wrote: When you consider that Bitcoin's tech talent, progress, and dev adoption is junior varsity level, I'd be  a lot more circumspect.

(10-31-2019, 06:40 PM)Swordfish1010 Wrote: Now all we need here is spurs fan with his easy money 6.5 short advice

---

It’s funny, all of them gave horrible advice that if anyone listened to they would have got rekt, but I’m asshole because I called them out for it. This is how poor people must think. Professional victims. Bitcoin isn’t for you pussies.

(10-31-2019, 09:01 PM)JayJuanGee Wrote:

(10-31-2019, 06:40 PM)Swordfish1010 Wrote: Now all we need here is spurs fan with his easy money 6.5 short advice

---

It’s funny, all of them gave horrible advice that if anyone listened to they would have got rekt, but I’m asshole because I called them out for it. This is how poor people must think. Professional victims. Bitcoin isn’t for you pussies.

Well, you are correct with your implication that the themes regarding advising various bitcoiners to get out continue to be the same through the years.  Fuck, if I had listened to all the advice from the supposed experts, I would probably be poor right now.   I frequently say that I do not have high expectations regarding where I expect bitcoin to go, at least in terms of my own investment, so in that regard, I prepare myself for about a 6% per year return.  Currently I happen to be 8x to 12x above my expectations in bitcoin profits, so it is all cushion.  It is nice to have a 8x to 12x cushion, yet guys like billydingdong want to proclaim how expert they are, and to clear the record and to prepare guys for downside risk.  Fuck, I frequently want to prepare guys for the downside risk of shitcoins compared with bitcoin... especially when they are pumpening the shit out of that garbage, but it becomes a hard thing to do when alt season comes, presuming that alt season could come again, some day...... .  

The bitcoin naysayers, no coiners and altcoin pumpeners also want to suggest that they are saving other guys from me (or from the perils of bitcoin), as if I was doing anything beyond talking about a subject that I like.  As if I was fucking telling guys what to do in terms of their investments.  I give two fucks whether guys decide to invest in bitcoin or not, but if they want to talk about their contemplations, I am more than willing to talk about it, even if the guys are skeptical about bitcoin, or even if they are newbies or even if they are attempting to figure out how to get their finances in order first or if they want to gamble (I am not so excited about those kinds of gambling inclined discussions, personally unless the guy is trying to work on gambling less).