Baltic Oil Terminals Share Discussion Threads

[spadman] 04/6/2017 11:29

Why can't we allow the market to come to a consensus post fork?

[compoundup] 04/6/2017 10:59

SPADman - agreed. For now the question is whether "consensus" will be able to keep BTC clear of danger. Nobody gains if the brand gets damaged.

[spadman] 04/6/2017 10:25

The only reason BTC would not be the long term winner is lack of utility, there is no good reason to have lack of utility. The idea the core developers and btc community would somehow hold bitcoin back, render it useless seemed ridiculous 18 months ago.

What we've seen post Greg Maxwells takeover is a slow motion train wreck. IMO

[compoundup] 04/6/2017 10:10

BTC may not prove to be the long term winner but for now I wouldn't discount it. It is the most liquid, with about 350,000 transactions per day currently (- not that I have a ready reference for that assertion to hand). Liquidity is one of the key indicators of durability IMO.

Ether may be based on a better construct than Bitcoin. Tezos, due for imminent launch, might be even better still if, as the prospectus suggests, it further de-centralises control.


I quite like this page for a quick reference snapshot of coin prices:


So far as bubble territory is concerned in the case of BTC, if you switch to log scale on the BTC on that URL, the price only broke upwards out of its trend channel around $1400 and we're not quite double that figure now. I don't think this is anything like bubble territory for the time being.

[mcbeanburger] 04/6/2017 04:59

don't normally read spad's posts - now that I know he doesn't write them, less so.

xvc - reduce my sell price and got taken out yesterday. sold me btc today.

[spadman] 03/6/2017 21:09

compoundup!! welcome to the under populated BTC thread. I agree with you to a large degree. However the $1m bubble guesstimate I believe was nominal as it was based on todays value of the SP500 which of course would be different tomorrow in line with the guesstimate and whatever price BTC really is.

BTC is a high risk punt, but the upside is potentially huge and although the market is giving more weight to alt coins in recent months BTC remains the clear favourite.

My earlier post you cited was me playing with a SCIgen just to see if anyone would call me out, so well spotted :)

[chinahere] 03/6/2017 19:31

You may be right compoundup but personally I wouldn't risk too much here.

Ethereum may make Bitcoin history or it could be one of many future coins....

[compoundup] 03/6/2017 17:27

I have just enjoyed reading this whole thread over several days. Applying hindsight to what has been said over 4 years makes for an interesting, sometimes amusing read.

Spadman - nobody picked up post 2455 - is that you? - and in the references from 2002?

The Core/BU debate is important and I can't decide which way to lean but I think Andreas Andropoulos is right in his scaling lecture: ultimately it will fade into history, because like the Internet, scaling has always been the problem and solutions have always been found just in time.

If you haven't attended the lecture I recommend it - and do not miss out the Q&A (starting around 24 mins in) where AA fields some interesting ones with good coherent answers:


In the short term the speed/cost of transactions is a big issue - as highlighted in that TipTV discussion - so the hard fork would seem to offer the more expedient solution. Clearly it is more complicated once one drills down into the detail.

What I do disagree with in the TipTV thing is that this is going to be a bubble if bitcoin were to reach $1m. Whatever $1m might buy today, it won't tomorrow.

This isn't a fad like tulip bulbs. It is a store of value that is very liquid - easier to store and trade than gold bullion and which can be used 24/7. Just ask a few Venezuelans. More stable fiat currency holders are catching on fast. As of this week I'm filling a wallet.

[spadman] 03/6/2017 10:56

IMO that is entirely down to artificial limitations placed on BTC in the form of 1meg blocks. This needs to be and ultimately will be resolved with a hard fork.

Dominic Frisby posted an interesting clip towards the end they speculate on what a bubble ultimately looks like. Worth watching.

[northern1] 02/6/2017 01:03

eh up lads!

don't forget - all dips are buyable

new highs soon

[mcbeanburger] 01/6/2017 18:01

overstayed my welcome on my long. out. waiting.

[mcbeanburger] 01/6/2017 12:41

getting one's finger brunt is an important lesson in trading.

anyway i'm long from yesterday... buy buy buy.

if btc can break to new highs then it back to game on.

[doodlebug4] 01/6/2017 12:38

I have a 16 year-old relative in America who is seriously into trading bitcoins, so hopefully he is well on his way to being a millionaire and he will not end up getting his fingers burnt.:-)

[mcbeanburger] 01/6/2017 12:24

classic top article to get the masses in doodle.

[tpaulbeaumont] 31/5/2017 10:24

lol another EMT prat ;)

Everyone seems to have an opinion about how high the price of Bitcoin can go or how quickly it will fall back down to Earth. Yet it’s impossible to forecast the emotions of other investors, and at a certain point that’s all that ends up driving these types of price moves. But my guess would be that the current Bitcoin rally will start its downfall once the daily returns are more evenly balanced out between up and down days.

[tpaulbeaumont] 31/5/2017 09:53

yeah mcb

is he from eastenders spuds?

[spadman] 31/5/2017 06:34

tp have you been reading Jim Slater or something like ?

[mcbeanburger] 31/5/2017 05:21

you back in t-land? or your a vampire.

never posts during the day.

[tpaulbeaumont] 31/5/2017 03:01

spuds - ok youre right, maybe it was a couple thousand quids worth ;) whats a good valuation metric and what target price does it confer?

[mcbeanburger] 29/5/2017 19:44

was short spad - closed yesterday (not at bottoms sadly). then switched long and closed an hour ago.

no position.

I do gets it right from time to time.

[spadman] 29/5/2017 19:13

What puzzles me most is your 100% record of getting it wrong mcbean, how do you do it?