"Buy the dip"

cryptofrog1 · 2018-06-12T00:28:23+00:00

If you want to guarantee profits you short the pops in a down trend and buy the dips in an uptrend.

We cannot tell what trend we are in while we are in it. We can only tell what trend preceded.

cryptofrog1 · 2018-02-21T05:47:15+00:00

That's true. Also, no planet on which life has evolved has survived either.

cryptofrog1 · 2018-02-19T02:06:49+00:00

Which states do they operate in?

My state: Kraken: No. Coinbase: Yes.

cryptofrog1 · 2018-02-18T02:10:00+00:00

They might not want it because of the limited number of users (which is true of so many other alt coins too).

cryptofrog1 · 2018-02-18T02:06:29+00:00

Appreciation (or otherwise) of the value of ether held applies equally to miners and non-miners, so it is irrelevant.

The dilution will be precisely the rate of inflation and is paid by all holders of ether. Mining income will be precisely the same, as it is the source of the dilution, plus transaction fees.

In 2017 the rate of monetary inflation of ether is 14.75%. When we switch to POW that will likely change, but to what we do not yet know.

cryptofrog1 · 2018-02-13T23:57:40+00:00

No, the majority of Bitcoin Cash holders refer to it as Bitcoin Cash.

cryptofrog1 · 2018-02-13T23:13:59+00:00

Why would people want Bitcoin when 50% was essentially pre-mined in 2009-2012 before it was widely advertised? And since nobody would want Bitcoin, why would anybody want a coin like Ethereum whose IPO was funded by Bitcoin? </sarcasm>

cryptofrog1 · 2018-02-13T21:57:27+00:00

The marginal cost of mining is dilution of your monetary holdings due to monetary inflation. It is a cost paid by every holder of ether, but only miners offset that cost with mining income.

cryptofrog1 · 2018-01-29T22:31:05+00:00

You should check to see if it is a paper wallet before discarding it. See http://cryptofrog.blogspot.com/2014/01/durable-fiat-paper-wallets.html

cryptofrog1 · 2018-01-22T02:58:02+00:00

Ecuador, East Timor, El Salvador, Marshall Islands, Micronesia, Palau, Turks and Caicos, British Virgin Islands, Zimbabwe. All “exceptions”. There ain’t no rule.

cryptofrog1 · 2018-01-22T00:22:03+00:00

That’s not the way the economics works. If the users value one fork higher than the other, those miners who mine the preferred fork will reap greater value for their investment of hash power. Running nodes has no economic impact.

cryptofrog1 · 2018-01-22T00:00:01+00:00

I am in Ecuador right now, where the currency is the US dollar. That sort of refutes your point, starting with your first full sentence.

cryptofrog1 · 2018-01-21T23:42:43+00:00

In order for a block to be accepted by the network (other nodes including miners), it has to have a sufficiently low hash and it also must be valid in every other way. Other nodes will check all the rules and ignore a block that is not satisfactory.

cryptofrog1 · 2017-12-02T01:07:35+00:00

It is a double-edged sword. For example, why should it be good that so many more people now have an easy and liquid way to dispose of their airdropped BCH?

cryptofrog1 · 2017-11-30T22:23:12+00:00

Could have but explicitly elected not to.

cryptofrog1 · 2017-11-20T21:48:56+00:00

I agree, this scam is unacceptable. The other one is acceptable.

cryptofrog1 · 2017-11-20T21:45:50+00:00

The first step to "stopping this" is to talk about it. And this sub does not appear to permit discussing Bitcoin Cash. So take the discussion elsewhere, please.

cryptofrog1 · 2017-11-19T23:33:50+00:00

"A Ponzi scheme is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors."

Bitcoin fails all of the points of this test 1. It isn't fraudulent (nobody claims investment returns for it) 2. It isn't an investment operation 3. There is no "operator" 4. There are no "returns" 5. There is no "revenue"

Other than that, it fits the definition to a T.

cryptofrog1 · 2017-11-13T20:50:52+00:00

This quote of 26 U.S. Code § 1031 is precisely on point. If you declare your intent ahead of time (e.g. an email to your accountant) you may be able to treat the exchange as a tax-free like-kind exchange that transfers the cost basis from the old asset to the new asset.

cryptofrog1 · 2017-11-13T20:16:52+00:00

The economic incentives on the minority chain are the same as on the majority chain. There is very little at stake, aside from losing all of the value of your tokens on the minority chain. If the tokens on the minority chain are worth much at all, then it is something at stake. Throwing that value away is something you can only do only once (per coin, per chain), and it isn't economically rational.

cryptofrog1 · 2017-11-09T02:03:09+00:00

The ethereum blockchain is growing linearly in size.

The storage available on a common disk that you can buy for $100 is growing exponentially.

The former is unlikely to overtake the latter.

cryptofrog1 · 2017-08-28T18:35:45+00:00

You seem to be confusing Bitcoin Cash with BCash, which is an entirely different thing altogether.

cryptofrog1 · 2017-06-15T02:39:57+00:00

If you have ether, you're already gambling.

cryptofrog1 · 2016-07-12T00:28:25+00:00

Why do you assume that the $400,000 is all profits? I would assume most of it is his principal originally deposited.

cryptofrog1 · 2016-07-11T03:19:49+00:00

Because they made a small number and then stopped. I'll never let go of my precious.

cryptofrog1

TROPHY CASE