You mean teza wasn't all hugs and kisses?

From the teza website:
"Teza... fosters an open, collegial and welcoming office environment."

I'm shocked, shocked I tell you!

If you live in New Mexico, you can deposit USD on kraken.  Same for South Carolina and Montana, I believe.

Many months?

We're in a secular bull market, looked at in a scale of months, in my opinion.
Drops will be temporary.
The problem I see with daytrading in such an environment is that you need to keep a cushion of fiat so that you can go in and out of the market.
Let's say you're an active trader and your holdings, averaged over time, net half crypto half fiat, because you're always buying and selling.
And you're competent enough that your trades come out in the black, on average.
That's not enough.  You have to do more than just come out in the black on your trades; you have to beat the returns you would get by hodling.
I keep most of my stake in cold storage, and play day trader with less than ten percent of it.

I would like to learn how to trade, and this is my way of doing it.  I would like to learn how to trade because the recent bear market taught me the disadvantages of holding. 

Ahem.
My post referred to "the recent bear market."
Like, about five months of down, down, from over $1100 to less than $400.
That is a bear market.

I also said I think we're now in a secular bull market.  On the scale of months.
Is it so unclear, my writing, that the ideas don't come across?

On the quantum meme, I would suggest that MatTheSchrodinger'sCat is simultaneously alive and dead, at least until something happens to collapse his wave function.

Anybody with common sense can see that.  Draper is the best thing to happen to Bitcoin in some time.  If you watched his press conference, that's obvious.

If the mother is a whore.

Do they accept bitcoin?

Bubbles!

Price is up 40% in 45 days.  What's not to like?

I do not see Argentina as the next Cyprus.  Cypriots had EUR, Argies have ARS, which is basically toilet paper outside Argentina.
Before Argentinians can start buying bitcoin, they are going to have to find something to buy it with, something called hard money.   Nobody is going to accept ARS in exchange for BTC on any significant scale.
Moreover, the situation in Argentina is different from Cyprus because nobody is confiscating their holdings of a convertible currency as in Cyprus; the Arg citizens who possess convertible currency aren't under threat as the Cypriots who possessed EUR at the time of the crisis were, and such Argentinians won't feel an urgent need to unload USD.

Dude, just the convergence of love and cosmic consciousness, that's all!  Remember Woodstock?  "Gonna get back to the land, and set my soul free." We are stardust, we are golden...

So I called up the Captain,
"Please bring me my wine"
He said, "We haven't had that spirit here since nineteen sixty nine"

Ewwww!

But if you look at volume in dollar terms?

Wii are afraid to rub tptb the wrong way; if the adorable twins make astringent pronouncements à la Voorhees, teacher won't give them the gold star.
Suckups.

Boot on your face...  don't fight it.
Just bend over and lube up.

Not.

Difficult, yes.  But you guys are doing a bang-up job.  Of hyperventilating.
The effective New York ban on bitcoin (which they call "bitlicense" or "regulation")
will have a much profounder long-term impact than COIN.

A bull can go to the moon, but a cow jumps over it.


Hey diddle diddle,

The Cat and the fiddle,
The Cow jumped over the moon.
The little Dog laughed,
To see such sport,

And the Dish ran away with the Spoon.

Fat lady gonna sing, she's about ready to clear her throat.
In other words, hurry up and wait.

The world is a basketball.
You stick the needle in.

Aminorex, you keep talking about these optimistic scenarios involving mined coins, the sec and I don't know what comes next

If [thing 1] then--> Bull run!
If [thing 2] then--> Bull run!

This is fun.  We're like a group of dogs with a bone, but instead of snapping at each other we pass the bone around and just kind of growl in satisfaction because we're civilized dogs.

Ease up.  27 pages so far today and the day is only half done.
I scrolled through all those pages checking posters's names, to see if one of the three or four people worth reading had contributed.
Nothing but the usual cataract of logorrhea and cutesy images.

Monkey is chained in the basement because he's like The Gimp from Pulp Fiction.
Useful, but if he gets loose... Watch out.
Who's got a gif of The Gimp in action?

Did monkey have the foresight to keep a big stash of banana skins for buying cheap coins at times like this?

Yes, but which three?

I use ripple.  I just don't invest in it.

Ever hear of that weasel poop coffee?  They feed the coffee cherries to weasels, and the weasels poop the beans out.  They make coffee from the beans in the weasel poop.  It's expensive.  In Saigon I paid 150,000 dong for a cup of the stuff, or about 7 dollars.  This is in a country where you can get a very nice hotel room for $20, or a good meal for a couple of dollars.

Very weasel-poop-ish.  Just the way I like it.

I thought I was wrong once, but I was mistaken.

I saw dogs in Hanoi that bad been cooked and cut up to sell.  They do the same thing in Korea.  Do you really want to send Fido over there?

Havov!  This is gentlemen.

Not banksters.  We'll use
OpenTransactions
Monetas.net

With proper grounding, single layer aluminum works for most situations.

Does the monkey have anything to say?

Segregated Witness.

Stag --> stagnate
Bull --> bullnate
Bear -->  hibernate

Right now, we're in a stag market.
Or something.
Anyway, let's hope the market starts to bullnate again.

Hearn's a little bitch.

It has!
Feb 8, 2016 to Jan 27, 2017

Consider using MT4 on btc-e.

See Wyckoff's Composite Man theory.

Did coinbase turn over the records that the IRS demanded in its subpoena?

The real risk is loss of the private keys.
Example:  you print out the private keys on that heat-sensitive printer paper.  Later the paper gets warm for whatever reason, and you end up with a piece of paper that's solid black and illegible.
The key works -- if you have it. The problem is making sure you have it.

I guess you meant to type definitely, but defiantly works too.

Consider that in dollar cost averaging, you convert dollars at a steady rate into another asset.  It works, because when the asset is expensive, your dollars buy less of it, and when the asset is cheap your dollars buy more of it.  That's exactly how you want to go about buying something.
Now consider selling an asset.  If you extract dollars at a steady rate from your store of the asset, it means that when the asset is expensive, you sell less of it, and when the asset is cheap you sell more of it.  That is most definitely not how you want to do it.
Instead, to wind down your position in an asset, you should sell that asset at a steady rate; e.g., sell the same amount of bitcoin every month.
By doing it that way, you are getting more dollars when bitcoin is expensive, and less dollars when bitcoin is cheap.
Another way to think about it is this:  when you acquire an asset using dollar cost averaging, in effect you're selling dollars, and by selling those dollars at a steady rate you get the best results.  Winding down an asset's position is the mirror image that process.  You're selling bitcoin, and selling those bitcoins at a steady rate denominated in bitcoin (not dollars) gives the best results.

New chart from klee in the PnF thread

also, masterluc says (google translate)

As that sucks everything went. The scenario I proposed is on the verge of failure. To continue it, the price should immediately turn around. Or to turn sharply around $ 6000.

As we are:
- Under the daily sma200 (punching down)
- Under the weekly sma20
- Under daily sma20
- Under the long-term trend (punching down)

The most sad first and last fact.

This means that when the daily smash of 200 is broken down, the medium-term picture breaks down. And the next support is on the lower historical trend - $ 3000.

A bullish long-term picture breaks when it breaks down $ 3,000.

On an extremely volatile asset, assuming the price returns to the price at which you bought it, there is a trading strategy that makes a profit, as opposed to buying and holding (which would not profit in our example).
Here's a simple explanation https://blog.enigma.co/is-there-a-free-lunch-in-the-crypto-markets-c4aa331443f1

Imagine you start with $1,000, $500 in stock and $500 in cash. Suppose the stock halves in price the first day. This gives you a $750 portfolio with $250 in stock and $500 in cash. This is now lopsided in favor of cash. You rebalance by withdrawing $125 from the cash account to buy stock. This leaves you with a newly balanced mix of $375 in stock and $375 in cash.
Now repeat. The next day, let’s say the stock doubles in price. The $375 in stock jumps to $750. With the $375 in the cash account, you have $1,125…
… After a dramatic plunge, the stock’s price is back to where it began. A buy-and-hold investor would have no profit at all. Shannon’s investor has made $125.

If you do a little math, you'll find that transaction fees will kill this trading strategy.   If you pay transaction fees on the order of 0.2% (like crypto exchange fees), then balancing small moves like 5 or 10 percent will actually lose you money.  The asset has to be very volatile, and it's only worth rebalancing after big moves such as in the example.
Also, you're going to lose money in a bear market, unless you have the resources to hang on for years until the asset's price returns to where you bought it (if it ever does).

If I may play the devil's advocate, the first step took a little more than a year from beginning of bull, through blow-off top, to capitualtion.
More than two and half years have passed now since beginning of bull on the second step, and we're waiting for the final capitulation.
If there's anything to all the graphs that show square-root, logarithmic historical trends and so forth, that would be in keeping with the greater height of the second step.

The proposed action is actually significant, when seen in the context of Wall Street coming in, with bitcoin rehypothecation and all it entails.  Also fractional reserve on the exchanges... also... you get the idea.
Caitlin Long has been writing about the effects of a fork on rehypothecated bitcoins, but she wasn't the one who first realized the implications.  Trace Mayer mentioned it to her in an interview.
I think the Jan 3 "Proof of Keys" may have been Trace Mayer's idea, but I'm not sure.
In the reddit thread you linked, people discuss fractional reserve mostly, but it's the tip of the iceberg.

If Wall Street rehypothecates bitcoin and there's a fork, big boys go bankrupt.

Meh.
"The average channel capacity is approximately $120."
https://medium.com/@jcliff/the-lightning-network-cf836329626b

I think most transactions will be limited in size to the magnitude of the nominal $120 cited.  Maybe considerably less.  
Just because there are channels with $1000 in them, doesn't mean you can transact that much.  The transaction is limited by the contents of the smallest channel in the series of hops it has to go through between the parties who make that transaction.

Ideally, the network will be a mesh without big companies controlling massive hubs.  Which means that many transactions, perhaps most, will require several hops (cue six degrees of Kevin Bacon theme).  It seems likely to me that in such a case, the smallest channel may have less than the average $120.  Some channels will have more, some will have less.  The big ones don't count; it's the smallest one that determines the size of the transaction you can make.

On the other hand, if a few big companies, like Starbucks, Facebook, WalMart, Google etc. set up big hubs that everybody connects to with substantial sums, then you can transact large amounts with millions of other LN users.  Is that the kind of Lightning Network we want to see?  So it's a choice.  
1) Be able to transact large amounts with just about anybody on a highly centralized network than can censor your transactions and spy on you.
2) Have a highly distributed and decentralized network with limited transaction amounts.

Breaking news:  bitcoin's not in a bear market.
Price is in the pocket.
We've never had a real bear market, as opposed to deflating bubbles.
Maybe if the price takes a dive below that red line, we'll have some food for thought.

If we stay in the channel, yes.  I would be fine with that, in fact I would prefer that to a continuation of the volatility we've experienced historically.

Like a margin call.
Leverage out the yin-yang and then, the gods of the market lower the boom on your sorry ass.
Bye-bye, birdie!

Coincidence?
I don't think so!

I think what's happening is...
Jay JuanGee has been replaced by an AI bot that concatenated the megs of text he has posted here in the past, and uses the source file to create posts now using an enhanced markov chain random text generator to perpetuate the illusion of his presence.

Nice analysis here
https://woobull.com/experiments-on-cumulative-destruction/amp/?__twitter_impression=true
and
https://medium.com/@kenoshaking/bitcoin-delta-capitalization-1d51a7b256b4

Meh, a bunch of corporations farting out permissioned blockchains does not a mass adoption movement make.

This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (60 posts by 15 users deleted.)

Sixty posts deleted out of about 480k, or one in eight thousand.  
Whereas deleting half the posts would improve thread quality -- historically speaking.
Lately about 80 or 90 percent of the posts need to go.
No need to look at my posting history and point out that I'm guilty too.  Well aware.

Meh, it is what it is.  At least this thread isn't mean-spirited.  The BS is in good fun.

I once helped slaughter a cow.  In Neuquen province.  A couple of gauchos dragged a beef out of the pen, tied it to a tree, and stuck a knife in its throat.  I helped 'em skin it.  And they gave me a couple slices of raw heart to eat.  Did you know heart is good to eat raw?

I wouldn't pay 100k $100 to go to a party with you freaks.

The same the lady's bitcoin floated away, her husband lost his bitcoin in a boating accident.
"At least we have each other.  That's what's important!"
And they lived happily ever after in their little house by the lock.
Don't be like them.

The conventional wisdom says, only invest what you can afford to lose.
I plunged in with almost my entire life savings.  I am not the type to panic sell, so I've survived the ups and downs and come out in pretty good shape.
If I had invested only what I could afford to lose, I'd be living in poverty now, scraping by on disability checks.
Moral of the story?
F@&k conventional wisdom.

So you're saying that your record posting volume has an asterisk?

I´d prefer several months of consolidation and range trading.

Column J is short for Column Jbreher.
On a more serious note, the posted link explains it.  Naming the indicator "ratio of btc price to projection", which it is, wouldn't be very informative.  You have to read the background information, which entails extensive modeling in multiple steps.

I think rational price discovery started early as late August or September 2010

The list is incomplete.  There's at least one more reason:
I am prevented from investing more in crypto because

                            I'M ALL IN

They're singin' about it in Oklahoma...
It's a beautiful day,
The corn is as high as an elephant's eye
And it looks like it's climbin' clear up to the sky!
https://youtu.be/oNi0NJ1dfeE

Aminorex got it right

You will need a good strong hodlgrip, because after your purchase, the price will languish.

http://rukkle.com/gay-news/benjy-the-gay-bull/

#nohomo

Don't forget many a place has capital gains taxes.  Vermont's a bitch.

I burned out in 1974.

On Via Maddalena in Genoa last year, the going price for hookers was 30 Euro.  I found one who was built like a brick shithouse and was wearing crotchless panties.  A real butterface.

Make peace with what?  I have nary idea.

All right wise guy, if you expected the drop, tell us about the gains you made trading it.

CQ
I would recognize that morse code anywhere
brings back memories of the old days and the hot tubes in my Swan 350

Does this forum have a moderator?