Then I got my head out of the sand and stopped assuming the next bitcoin bubble was inevitable.
I started researching the altcoins.
I found bitshares. Everything changed.
Now I just look at the charts of bitshares and smile.
Bitshares is the future.
Welcome!
"I started researching". Key point there...you actually took the time.
These days, I look at bitcoinwisdom and think "thank god I got out...".
Wonderful! I also found that the 'funny feeling in the pit of my stomach' disappeared. I don't doubt anymore.
BitShares: Eliminate doubt.
Yes, every time I read a positive article about Bitcoin I mentally replace the word "Bitcoin" with "Cryptocurrency" and think, yes, they're right!
1) we wont always be going up so dont trade with emotions.
2) We are just starting. Just as many early investors believed in btsx from the start there are an equal number of fanboys from nxt counterparty mastercoin etc that got on the bus too early this try to justify their positions in the face of a greater newer technology. You will be able to distribute to them at about 50k sats as they realize and switch positions.
3) stick #1 in your head until you dont forget.
Quote
1) we wont always be going up so dont trade with emotions.
That's why bots are better than humans when trading .. (and implemented correctly :)
Quote from: xeroc on September 27, 2014, 09:34:48 AM
Quote
1) we wont always be going up so dont trade with emotions.
That's why bots are better than humans when trading .. (and implemented correctly :)
but btsx price relies less on bots still susceptible to speculations and pnds
Quote from: Ander on September 27, 2014, 01:49:24 AM
I started researching the altcoins.
Out of curiosity, did anything else apart from Bitshares that you researched impress you?
Quote from: trader on September 27, 2014, 01:04:30 PM
Quote from: Ander on September 27, 2014, 01:49:24 AM
I started researching the altcoins.
Out of curiosity, did anything else apart from Bitshares that you researched impress you?
Nice how you are actively looking for new opportunities. i am also interested.
For what it's worth I've completed some fairly exhaustive market research on the crypto-space and hold only two assets:
- BTC: network effects/first mover/branding
- BTSX: superior tech/awesome devs/branding
I monitor and investigate all new offerings but as of yet have not identified any other attractive opportunities.
YMMV
Quote from: trader on September 27, 2014, 01:04:30 PM
Quote from: Ander on September 27, 2014, 01:49:24 AM
I started researching the altcoins.
Out of curiosity, did anything else apart from Bitshares that you researched impress you?
I initially bought 5 different altcoins, but now I've sold them all to buy more BTSX.
Made some money on DOGE at least. :)
I'm currently 60% bitshares, I feel like going 90% bitshares 10% BTC, but if cryptocurrencies in general gain much attention, I guess that bitcoin will go up first, and this next bitcoin peak will be the ideal moment to buy vast amounts of bitshares. Is that wrong ?
(Nobody is keeping some NXT, just in case ?)
Quote from: inarizushi on September 27, 2014, 04:31:40 PM
I'm currently 60% bitshares, I feel like going 90% bitshares 10% BTC, but if cryptocurrencies in general gain much attention, I guess that bitcoin will go up first, and this next bitcoin peak will be the ideal moment to buy vast amounts of bitshares. Is that wrong ?
you know that buying btsx from bitBTC is MUCH faster en cheaper than with classical bitcoin on decentralized exchanges?
Quote from: inarizushi on September 27, 2014, 04:31:40 PM
I'm currently 60% bitshares, I feel like going 90% bitshares 10% BTC, but if cryptocurrencies in general gain much attention, I guess that bitcoin will go up first, and this next bitcoin peak will be the ideal moment to buy vast amounts of bitshares. Is that wrong ?
(Nobody is keeping some NXT, just in case ?)
I posted this elsewhere but it applied to this comment as well:
This was my logic as well! I went 100% BitShares when I realized any last bitcoin pump would affect BitShares X as well. Look at some of the alts on coinmarketcap at the time of the last bubble. All the alts which were considered "top 2.0 contenders" experienced larger growth relative to bitcoin. If bitcoin gets pumped 5x its current price, BitShares X will go up 8x.
In my opinion, bitcoins bubble cycles are over with. The next massive "bubble" will occur within an alt and I'm confident BitShares X is in the running for just that. :)
Quote from: OldMan on September 27, 2014, 01:30:26 PM
For what it's worth I've completed some fairly exhaustive market research on the crypto-space and hold only two assets:
- BTC: network effects/first mover/branding
- BTSX: superior tech/awesome devs/branding
I monitor and investigate all new offerings but as of yet have not identified any other attractive opportunities.
YMMV
Same here.
Quote from: MeTHoDx on September 27, 2014, 04:36:32 PM
Quote from: inarizushi on September 27, 2014, 04:31:40 PM
I'm currently 60% bitshares, I feel like going 90% bitshares 10% BTC, but if cryptocurrencies in general gain much attention, I guess that bitcoin will go up first, and this next bitcoin peak will be the ideal moment to buy vast amounts of bitshares. Is that wrong ?
(Nobody is keeping some NXT, just in case ?)
I posted this elsewhere but it applied to this comment as well:
This was my logic as well! I went 100% BitShares when I realized any last bitcoin pump would affect BitShares X as well. Look at some of the alts on coinmarketcap at the time of the last bubble. All the alts which were considered "top 2.0 contenders" experienced larger growth relative to bitcoin. If bitcoin gets pumped 5x its current price, BitShares X will go up 8x.
In my opinion, bitcoins bubble cycles are over with. The next massive "bubble" will occur within an alt and I'm confident BitShares X is in the running for just that. :)
Thank you, for the last bubble alt coins performances, that's very encouraging indeed :). I'm too scared to go all in right now, but I can't keep myself changing my BTC into bitshares anytime the price goes down, and I've promised myself not to sell any BTSX, so I'll end up all in !
I have 80% BTSX, 10% PTS, and 10% NXT. I used to be around 40/60 BTSX/BTC, but that was before the price exploded... :) After that I decided to sell the rest of my BTC for PTS/NXT, as I realized like MeTHoDx that all of crypto sits on top of the BTC price anyway, at least for now.
as mentioned elsewhere .. you can by bitBTC .. more quickly and cheaper than the classical BTC :)
Quote from: Ander on September 27, 2014, 01:49:24 AM
Then I got my head out of the sand and stopped assuming the next bitcoin bubble was inevitable.
I started researching the altcoins.
I found bitshares. Everything changed.
Now I just look at the charts of bitshares and smile.
Bitshares is the future.
It's not so sad really. Yes, the price of Bitcoin declined but there are preconditions that it will go up. This chart http://mining-profit.com/bitcoin-price-chart shows us that the price did not fall below the level of April 2014. Don`t worry, price must go up.
Quote from: jack_night2 on September 29, 2014, 07:22:28 AM
It's not so sad really. Yes, the price of Bitcoin declined but there are preconditions that it will go up. This chart http://mining-profit.com/bitcoin-price-chart shows us that the price did not fall below the level of April 2014. Don`t worry, price must go up.
If the price of BTC ever does go up again, then mining difficulty will increase even more, causing higher electricity costs, forcing miners to sell more, lowering the price again.
Its a death spiral. Bitshares breaks free from it.
So no, the price of BTC is not guaranteed to go up again. Given the alternatives, its now more risky than ever.
Quote from: jsidhu on September 27, 2014, 03:33:03 AM
1) we wont always be going up so dont trade with emotions.
2) We are just starting. Just as many early investors believed in btsx from the start there are an equal number of fanboys from nxt counterparty mastercoin etc that got on the bus too early this try to justify their positions in the face of a greater newer technology. You will be able to distribute to them at about 50k sats as they realize and switch positions.
3) stick #1 in your head until you dont forget.
PTS is back in top 10. I'm not even aware of snapshots. When we hit 50k satoshi there really isn't enough capital in their networks to do much.
Quote from: gamey on September 29, 2014, 12:48:15 PM
Quote from: jsidhu on September 27, 2014, 03:33:03 AM
1) we wont always be going up so dont trade with emotions.
2) We are just starting. Just as many early investors believed in btsx from the start there are an equal number of fanboys from nxt counterparty mastercoin etc that got on the bus too early this try to justify their positions in the face of a greater newer technology. You will be able to distribute to them at about 50k sats as they realize and switch positions.
3) stick #1 in your head until you dont forget.
PTS is back in top 10. I'm not even aware of snapshots. When we hit 50k satoshi there really isn't enough capital in their networks to do much.
Music snapshot October 10th.
https://bitsharestalk.org/index.php?topic=9387.msg121713#msg121713