Long

A discount on B-SV on Kraken...

Updated

Some people might be interested... They seem to be doing things...
Giant blocks (the biggest ever) have been mined... They have made tests where they sent 2 GB blocks intercontinentaly too.
The SV camp does not look like they are going to stop the war till BCH is dead, they have been reorging lately I wonder what they are going to surprise us with next, and ABC of course was mostly mercenary hash and will die. I am sure one could short Bitcoin because if Bitmain joins the war they'll probably have to drop the price... Either that or SV wins I think.

So anyway, might be interesting to buy some while no one gives a crap / too dumb to comprehend what is going on.

Got some on Kraken where the price is 30% lower :D (You are welcome btw)
They only have a couple hundreds available thought, might be more later on.
Price might drop lower, ready to buy more if that happens...

High risk high reward. Reward outweight risk alot to 1.

Note

Bitcoin is literally colapsing, going unironically to 0 and my BSV is up 55%.
Questions?

:Bitconnect:

Was hoping it would go lower... idk if it will anymore... crap, wanted to load the truck...

Note

It just keeps going up. Dammit.

When Bitcoin goes to 1500$ or something, SV price might fall and we will be able to load up our bags.

Next Friday a new breakthrough is being announced. Could be a troll, could be huge.
Up to now most people thought the SV camp was bluffing and would not get anywhere (not me !), but ye it was not bluff, ABC is right now 5% more profitable to mine than BTC core, SV is 200%... was 300% early but price went up. It will break even once the price will be? 150$? No idea.
Anyway, in very short time they surprised every one (once again, not me, I posted my support to SV in ideas here and on twitter just want to mention how cool I am :p).

Block of freaking 68 MB have been mined and they are planning doing much more than this, and know what? i believe it.
It will scale to the point where even the entire galaxy could use it. Greener, better, awesome.

Lots of companies are showing support too.

All good.

Cons? Only con I see is this idiotic hippy communist "decentralised" crap will not work. Big miners will get to decide. Anyone can become a big miner. A billionaire, a large group of poor individuals. Think it's unfair? Think again.
Was it unfair when Newton discovered gravity all by himself with 0 help from the millions of plebes on earth?
Was it unfair when Edison and his team made the light bulb, while 99.99% of the population was still idk burning girls that rejected them by calling them witches or some dumb crap.
I sure do not see anyone complaining about all the inventions OTHER PEOPLE made without any help whatsoever from the mass.

Anyone that complains about the power being "unfairly" distributed should go live in the dirt right now and roll in his own shit and then reinvent everything.

Plus no one is stopping anyone from becoming a billionaire. Sure, some people (Kylie Jenner Donald Trump) had "small loans" to become "self made" (interestingly no one is trouble by those, those every one are jealous about are the hard working geniusses that deserved what they got lmao).

Of the imaginary money I know, only SV & XLM strike me as making sense.

And unsurprisingly, they are barely going down compared to all the rest (crap)

So funny that just check solume.io, XLM is in the top market caps but I have been checking since March, they are consistenly outside of the top ten often even top 50 of crypto's with most interest. People truly love crap (plebs would rather invest in gold than stocks eksdee OR BEANY BABIES!).

Was not able to make decent money betting the crypto ponzi going down sadly, since as Warren Buffet said, there is no way to bet on the price dropping 99%.
BUT I can look at the few ponz-er revolutionnary crypto currencies that are getting supported and with very few apes interested in (monkas too busy losing money on idiotic overshilled crap like TRON).

Anyone interested in SV should just follow Craig - I mean Sir Satoshi, Calvin Ayre (he spends his time posting picture of hookers thought weird personnage) and Jimmy N'Guyen. There is also shadders an SV dev, forums, the Git itself containing the code... News are trash check anything they say (obviously) BUT they can work like a signal just let you know when something happens just totally diregard anything they say and go check the info they are mentionning.

Note

In the past 7 or 8 years I have worked for dozens of banks (including iranians before USA asked us to not help them because Irak had Oil or something didn't follow the whole story), either as a SWIFT expert, or as an IT security software engineer (to help them with their clouds).

They are all the same. A herd.

This is what they are interested in:

- Things that work and helps them make money
- Things that WORK. That have worked for a long while and are reliable. To this day, banks systems are still based on COBOL (language). And they are soooo slow to change. Some retired developpers get pulled out of retirement and offered fortunes to maintain these old systems (easy money for anyone without a job willing to learn this ...)
- They do not care much about innovations (they think they do) and will ignore anything. Until one of them use it. They could pretend they are interested in something (the cloud, the blockchain) but they don't give a crap and have not dedicated a single person to it. But once a bank started getting on "the cloud" that was this super cool new thing, they all followed like lemmings. It had some uses, I guess? Mostly marketting reasons. They now deliver virtual machines faster. Mostly induced demand if you ask me.
- You always hear stories about the bank that lost 500 million in 3 minutes because they lost internet or some service stopped running or something similar.

They are so not going to give money to your favorite shitcoin.

And hedge funds are just retail investors moneys being managed by financiers.

There is no money that will "flow in" from the "financial world", there are no leprechauns getting ready to throw their pots of gold at you. Money does not grow on trees. It grows in the pockest of bagHODLers.

Only way prices go up:
- Ponzi insiders ("early adopters") pump the price until bagHODLers get excited.
- Companies find an interest
- Banks find an interest

For Banks to be interested, what would a crypto need to do?
Be fast, be traceable, be reliable. Be cheaper than anything else.
Make them money. Reduce systemic risk/not have more.
That's all I can think of right now but there is more.

One way it would make them (banks or cies) money is with the marketting/hype.
For examples bagHODLers could more easilly spend their money with "virtual money" like gift cards, psychologically they feel less like they are spending money they worked for.

If SV would provide everything banks want they would run their own nodes.

Remember, it does not just need to be better. it needs to be MUCH better.

Radar activated on every innovation & what services are supported.

But anyway people are still all eager to invest in that crap... makes no sense.
People are so excited lmao.

I might allocate 1% of my investment capital to worthless magical money for the lolz. It's not really an investment.

I will make an idea how I would consider splitting my moneyz.

Note

I was up 200% a few minutes ago. NEVER going to sell. I want the price to go down so I can buy more. I would take profit when miners are at breakeven price but I bought so few I can't...

Man why do I listen to advice XD

If I followed my instinct for the past 6 months I'd be a billionaire rn.

Bitcoin SV Mining Profitability (vs BTC)
It is currently...
151.90%
more profitable
to mine on the Bitcoin (BTC) chain.

Still room to grow... (Am I getting this right? lol)

Meanwhile the ABC lemmings that did not have the balls to think differently than the herd "We are many we are safe"

HAHAHAHA.

Really hope SV price drops back to 50$ when BTC goes $1600/3 digits or something. Going to buy a bunch of SV, not like tens of thousands but a few.

Note

Craig Wright has published an article on medium where he talks about the future of BSV. Sounds wonderful and all, but there is no proof yet.
Can someone check the code for me? Doing so seems like work and I am allergic to that.

He values it as a commodity ledger.

If it is all true ye sure, 1 BSV will be over 1 gran, but all we have for now is a 64MB block.

Just looking forward to next friday.

If price goes down with ponzicoin should be worth taking a deeper look into how it works and if what he says is possible.

My edge on crypto bagHODLers is I am not an idiot living in a fantasy world of communism Idgaf about "decentralisation" (neither do them actually they just get excited when the price goes up).

Note

Expecting a retrace now that we are at resistance & 1.618.

Followed by wave 5, then a major correction. Expecting the price finally retrace in the 50-90$ area. If that is what happens by the time Bitcoin core reaches below $2000, I will buy a few dozen more SV. Might be a scam, no one makes money without taking any risks :)

I think my focus is shifting onto medium to small volume stocks lol, but I'll try not forgetting about this. I hope I don't forget to check.
I will add some alerts...

Note

I don't want to sell, not because I want to #HODL. It is just mentally tiring to follow so many different things, Bitcoin, FX, stocks from around the world, us indices, energies, and ALTS too? zzz
Just want to take care of this then forget about it.

I found the secret to hold and ignore the noise. Buy plenty of different things, so much that you just stop caring and would rather ignore your investments ;)

Note

Oh yeah forgot. Pretty sure we retrace on $200.
But if we end up breaking that level...
There is no resistance, that's the magic of it.
NO. RESISTANCE.

I think every one knows what that means.

On a personal note this is completely broken, and god should patch the universe because... it's just too overpowered.

Note

Ok one last update for today :p
What happens when a spaceship at full velocity escapes earth gravity?
What if it is not pointing to the moon or mars?

Just showing some of the potential:

I should go to /biz call it a scam to scare people.

Looking forward to Friday, either it is revealed we all got scammed, or something positive, very interesting in any case.

I do not know the odds, I just know the potential, but from what I have seen the odds are non negligeable.

Note

Speculating here, I see Bitcoin SV fighting resistance.
The whole crypto market is crashing, they're all unironically pointing to 0 like red arrows pointing to 0 (I am just saying this is what it looks like, literally an arrow pointing straight towards 0).

I think, speculation, once BTC crashes (my guess is 1500-2000$) and bounces, it will allow SV to go up and beat its resistance.
Unless SV is negatively correlated to all of crypto as it has been recently?
Then it would go up soon.

If there is negative correlation I think all crypto go to zero so long term SV goes up.

I heard fatcom/factom was the only crypto with a working project but I cba checking.

Otherwise I myself used XLM in the past as they are super cheap pretty much free, super quick, etc. I just do not see how/why they would maintain something for free (but ye I guess the people maintaining it hold tokens and expect them to grow in value but that's not sustainable long term is it?).

Apart from that they ALL go straight to zero, maaybe there are a few exceptions I do not know of.

I am sure there are some people hunting that absolutely want to know which one to invest in, lol. Noob trap. Just forget it.

Note

IT HAPPENED!
My thoughts go to the dumb money that joyfully told every one they sold their SV ASAP to get more ABC "the real Bitcoin cash".

Next step...

* Run dramatic music

Note

So.... Wave (3).
So.... SV is not negatively correlated to Bitcoin...
It was just the ONLY crypto pumping while Bitcoin was crashing a few weeks ago because it is THAT strong.

I will consider selling some if I am up 500%.
When the EW is complete, so I can buy more during a correction, if there is one.

Trade closed manually

Had to sell some because I needed money asap and idk how long it takes to withdraw from my main fx broker and I know Kraken is always lighting fast.
Feels bad man. Holding does not work when life random events get in the way. Still a 100% profit.
I have no idea if when BTC price goes down SV will go down with it or inverse correlated.

Will have to wait and see.
I am pretty certain btc will fall to 1800 then bounce then fall to about 500.
Whether sv is correlated or opposite, there will be the opportunity to buy.
If correlated, buy when btc goes to 500.
If inverse, as how it behaved in the past, after btc nose dives (this month probably) and we get confirmation, start accumulating after btc bounced a good 50% and sv crashed.

Btw I think btc goes 500 (or 600) in the first half of 2020. Will post an idea this week.

Note

Bitcoin creator Craig S. Wright (Satoshi Nakamoto) granted US copyright registrations for Bitcoin white paper and code
Bitcoin SV (BSV) continues Wright’s original Bitcoin design and protocol

Craig S. Wright has been granted U.S. copyright registrations for the famed original Bitcoin white paper, and most of the original Bitcoin code (version 0.1). Importantly, the registrations issued by the U.S. Copyright Office recognize Wright as the author – under the pseudonym Satoshi Nakamoto – of both the white paper and code. This is the first government agency recognition of Craig Wright as Satoshi Nakamoto, the creator of Bitcoin. In addition to being Bitcoin’s creator, Wright is currently Chief Scientist of nChain, the global leader in advisory, research and development of blockchain technologies, which focuses on massive adoption of Bitcoin in the form of Bitcoin SV (Satoshi Vision).

Note

It is ok to sell a few.

That Bitfinex thought...

MrRenev

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