Baltic Oil Terminals Share Discussion Threads

[mcbeanburger] 17/6/2017 19:15

closed me long.

[northern1] 17/6/2017 19:10

re bitcoin, buy and hold, add on significant dips (35% fall or greater)

[compoundup] 17/6/2017 12:07

Here is a good (IMHO) analysis of why ETH is not a substitute for BTC in the longer term and why the recent price action may be way ahead of realistic levels.



ETH gross market size may well overtake BTC in the short term but it has more risk attached to it IMO.

[mcbeanburger] 17/6/2017 02:40

ltc blasting off - is this cause btc is now seen as a risk?

[compoundup] 16/6/2017 15:43

Jimmy Song says that the chronic scaling problem is just another obstacle in a series of many that have occurred since Bitcoin's inception and that getting through the coming weeks safely is just a matter of taking precautions. In particular:-
19:45 mins - "get [BTC] off exchanges [into your own hardware wallet]"
and
21:30 mins - "so long as you control your own private keys you'll be OK"

It sounds like he thinks there is reason for optimism that SegWit2x might be adopted before 1st August, potentially resolving the impasse at a stroke.

[compoundup] 16/6/2017 10:43

If it "gets fixed" we're off to the moon. If scaling is fudged the damage to the brand will dwell for a long time.

[compoundup] 16/6/2017 08:55

Thanks SPADman. I am disinclined to venture away from BTC in general because of it's established scale. If you are an investor and not dealing in trivial size, then the transaction fees pale into insignificance compared to the spreads and volatility.

Your call on ETH has proved right. If market timing were easy...

[spadman] 15/6/2017 18:47

shapeshift works fine they make their money on the spread

[mcbeanburger] 15/6/2017 16:55

a little scary - somewhere along the line I strapped on a short (at a fib retracement probably) and forgot about it. up 14% - closed and went long just now for whatever bounce we get.

[mcbeanburger] 15/6/2017 15:28

was expecting more of a bounce - so missed the short. quite weak.

[compoundup] 15/6/2017 11:40

Has anyone experience of using shapeshift dot io to switch cryptocurrency? Sounds too good to be true = warning bells.

[spadman] 15/6/2017 11:23

Jim says BTC cant be a reserve currency because there isn't a bond market? He fails to understand there could be in future and fails to realise that hasn't stopped Gold being a reserve currency.

He talks a lot of sense on many issues but he is a bit of a con man who seems to pedal fear at every opportunity.

[compoundup] 15/6/2017 10:24

I was disappointed to see Jim Rickards (=gold bug) talking to Daniella Carbone showing that he doesn't understand cryptocurrency. He talks a lot about "money" without making distinction between "Store of value", "Means of exchange" and "Unit of account", all of which are fundamental concepts.



One of the possible risks, which he obviously thinks is the killer, is highlighted from about 4:20 into the interview where DC asks the question. JR thinks that the IRS will shut down exchanges to force account holders to reveal their trading history for tax regulation purposes "like they did with Swiss bank accounts". The answer is simply that it is only a risk to those who keep their cryptocurrency on the exchanges in the first place. The big players that the IRS would be looking for keep their holdings in offline hard wallets. Only the little guys and the ignorant would suffer.

IMO every US exchange that gets shut down by the IRS would just cause another one to appear in another jurisdiction. Therefore the IRS won't do this. They're not stupid, just powerless in this field.

[spadman] 14/6/2017 23:29

tpaulbeaumont12 Jan '17 - 12:54 - 1980 of 2593 0 0
Next model supports at 740, 685, 620 and 610 right now, but as always it needs some considerable leeway


tpaulbeaumont12 Jan '17 - 12:57 - 1981 of 2593 0 0
sorry about the sell off guys, i brought 2 cappuccinos and a medium thin crust and i guess the merchant sold his btc for cash ;)

BTC = $805 12/01/2017

tpaulbeaumont4 May '17 - 10:16 - 2281 of 2593 0 0
once all 21m btc are mined we'll get a true reflection of its 'value', and as a string of meaningless virtual digits with no physical presence backed by no one id suggest that value is a low number ;)

BTC = $1494 04/05/2017

tpaulbeaumont14 Jun '17 - 12:00 - 2586 of 2594 0 0
BTC is eminently predictable, like are all markets to a degree, as ive demonstrated numerous times over the years, both over hours and months in advance

BTC = $2447 14/06/2017

[spadman] 14/6/2017 21:21

Surely not BTC because? oh you heard it on the telly? a feeling in your gut? or you knew but wouldnt share on your thread that blockstream would capture the development and refuse to scale the protocol?

[spadman] 14/6/2017 13:18

I wish you would post some of your insight here... you sure seemed bearish the last three years, I obviously misread your posts.

[tpaulbeaumont] 14/6/2017 12:46

as BTC has backed off a bit from an important level, volatility measures havent reached heights that marked significant highs in the past, kids on google have tho ;)

[tpaulbeaumont] 14/6/2017 12:44

Believe it or not spuds people possibly smarter than you, plenty of lofty professors, highly acclaimed economists and genius quants have extolled EMT, and ive proved them wrong, and continue to everyday, luckily you dont have to be smart to make money :)

[tpaulbeaumont] 14/6/2017 12:41

unfortunately its not just about having a real understanding of how financial markets work and being able to predict market highs/lows, but it sure helps ;)

[spadman] 14/6/2017 12:30

You must be loaded LOLZ

[tpaulbeaumont] 14/6/2017 12:00

BTC is eminently predictable, like are all markets to a degree, as ive demonstrated numerous times over the years, both over hours and months in advance

[tpaulbeaumont] 14/6/2017 11:58

lol thanks for the aristotle twaddle spuds but the actual question was what rationale do you use to supposedly value BTC at $1,000,XXX?

Heres another classic twaddle 'there is no new thing under the sun', including mad dashes for investment in invisible tokens ;)

[spadman] 14/6/2017 11:37

zzzzzzzzzz