The rise and fall of bitcoin: Inside the ... - WIRED UK

Blast from the past: The Rise and Fall of Bitcoin (Wired article from 2 years ago)

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The Rise and Fall of Bitcoin (Wired 11/23/2011) - Well written and very interesting article about Bitcoin's demise at it's "peak value" of $29.57.

The Rise and Fall of Bitcoin (Wired 11/23/2011) - Well written and very interesting article about Bitcoin's demise at it's submitted by Dwight_Kurt_Schrute to Bitcoin [link] [comments]

The Rise and Fall of Bitcoin (Wired 2011 Article)

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The Rise and Fall of Bitcoin. (An article by Wired Magazine from 2011)

The Rise and Fall of Bitcoin. (An article by Wired Magazine from 2011) submitted by samcornwell to Bitcoin [link] [comments]

The Rise and Fall of Bitcoin. (An article by Wired Magazine from 2011) (x-post from /r/Bitcoin)

The Rise and Fall of Bitcoin. (An article by Wired Magazine from 2011) (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Wired, 2011: The Rise and Fall of Bitcoin

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Wired in 2011: The Rise and Fall of Bitcoin

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Wired in 2011: The Rise and Fall of Bitcoin

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WIRED: The Rise and Fall of the World's Largest Bitcoin Exchange

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The Rise and Fall of Bitcoin | Wired Magazine |

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Meet Brock Pierce, the Presidential Candidate With Ties to Pedophiles Who Wants to End Human Trafficking

thedailybeast.com | Sep. 20, 2020.
The “Mighty Ducks” actor is running for president. He clears the air (sort of) to Tarpley Hitt about his ties to Jeffrey Epstein and more.
In the trailer for First Kid, the forgettable 1996 comedy about a Secret Service agent assigned to protect the president’s son, the title character, played by a teenage Brock Pierce, describes himself as “definitely the most powerful kid in the universe.” Now, the former child star is running to be the most powerful man in the world, as an Independent candidate for President of the United States.
Before First Kid, the Minnesota-born actor secured roles in a series of PG-rated comedies, playing a young Emilio Estevez in The Mighty Ducks, before graduating to smaller parts in movies like Problem Child 3: Junior in Love. When his screen time shrunk, Pierce retired from acting for a real executive role: co-founding the video production start-up Digital Entertainment Network (DEN) alongside businessman Marc Collins-Rector. At age 17, Pierce served as its vice president, taking in a base salary of $250,000.
DEN became “the poster child for dot-com excesses,” raising more than $60 million in seed investments and plotting a $75 million IPO. But it turned into a shorthand for something else when, in October of 1999, the three co-founders suddenly resigned. That month, a New Jersey man filed a lawsuit alleging Collins-Rector had molested him for three years beginning when he was 13 years old. The following summer, three teens filed a sexual-abuse lawsuit against Pierce, Collins-Rector, and their third co-founder, Chad Shackley. The plaintiffs later dropped their case against Pierce (he made a payment of $21,600 to one of their lawyers) and Shackley. But after a federal grand jury indicted Collins-Rector on criminal charges in 2000, the DEN founders left the country. When Interpol arrested them in 2002, they said they had confiscated “guns, machetes, and child pornography” from the trio’s beach villa in Spain.
While abroad, Pierce had pivoted to a new venture: Internet Gaming Entertainment, which sold virtual accessories in multiplayer online role-playing games to those desperate to pay, as one Wired reporter put it, “as much as $1,800 for an eight-piece suit of Skyshatter chain mail” rather than earn it in the games themselves. In 2005, a 25-year-old Pierce hired then-Goldman Sachs banker Steve Bannon—just before he would co-found Breitbart News. Two years later, after a World of Warcraft player sued the company for “diminishing” the fun of the game, Steve Bannon replaced Pierce as CEO.
Collins-Rector eventually pleaded guilty to eight charges of child enticement and registered as a sex offender. In the years that followed, Pierce waded into the gonzo economy of cryptocurrencies, where he overlapped more than once with Jeffrey Epstein, and counseled him on crypto. In that world, he founded Tether, a cryptocurrency that bills itself as a “stablecoin,” because its value is allegedly tied to the U.S. dollar, and the blockchain software company Block.one. Like his earlier businesses, Pierce’s crypto projects see-sawed between massive investments and curious deals. When Block.one announced a smart contract software called EOS.IO, the company raised $4 billion almost overnight, setting an all-time record before the product even launched. The Securities and Exchange Commission later fined the company $24 million for violating federal securities law. After John Oliver mocked the ordeal, calling Pierce a “sleepy, creepy cowboy,” Block.one fired him. Tether, meanwhile, is currently under investigation by the New York Attorney General for possible fraud.
On July 4, Pierce announced his candidacy for president. His campaign surrogates include a former Cambridge Analytica director and the singer Akon, who recently doubled down on developing an anonymously funded, $6 billion “Wakanda-like” metropolis in Senegal called Akon City. Pierce claims to be bipartisan, and from the 11 paragraphs on the “Policy” section of his website it can be hard to determine where he falls on the political spectrum. He supports legalizing marijuana and abolishing private prisons, but avoids the phrase “climate change.” He wants to end “human trafficking.” His proposal to end police brutality: body cams.
His political contributions tell a more one-sided story. Pierce’s sole Democratic contribution went to the short-lived congressional run of crypto candidate Brian Forde. The rest went to Republican campaigns like Marco Rubio, Rick Perry, John McCain, and the National Right to Life Political Action Committee. Last year alone, Pierce gave over $44,000 to the Republican National Committee and more than $55,000 to Trump’s re-election fund.
Pierce spoke to The Daily Beast from his tour bus and again over email. Those conversations have been combined and edited for clarity.
You’re announcing your presidential candidacy somewhat late, and historically, third-party candidates haven’t had the best luck with the executive office. If you don’t have a strong path to the White House, what do you want out of the race?
I announced on July 4, which I think is quite an auspicious date for an Independent candidate, hoping to bring independence to this country. There’s a lot of things that I can do. One is: I’m 39 years old. I turn 40 in November. So I’ve got time on my side. Whatever happens in this election cycle, I’m laying the groundwork for the future. The overall mission is to create a third major party—not another third party—a third major party in this country. I think that is what America needs most. George Washington in his closing address warned us about the threat of political parties. John Adams and the other founding fathers—their fear for our future was two political parties becoming dominant. And look at where we are. We were warned.
I believe, having studied systems, any time you have a system of two, what happens is those two things come together, like magnets. They come into collision, or they become polarized and become completely divided. I think we need to rise above partisan politics and find a path forward together. As Albert Einstein is quoted—I’m not sure the line came from him, but he’s quoted in many places—he said that the definition of insanity is making the same mistake or doing the same thing over and over and over again, expecting a different result. [Ed. note: Einstein never said this.] It feels like that’s what our election cycle is like. Half the country feels like they won, half the country feels like they lost, at least if they voted or participated.
Obviously, there’s another late-comer to the presidential race, and that’s Kanye West. He’s received a lot of flak for his candidacy, as he’s openly admitted to trying to siphon votes away from Joe Biden to ensure a Trump victory. Is that something you’re hoping to avoid or is that what you’re going for as well?
Oh no. This is a very serious campaign. Our campaign is very serious. You’ll notice I don’t say anything negative about either of the two major political candidates, because I think that’s one of the problems with our political system, instead of people getting on stage, talking about their visionary ideas, inspiring people, informing and educating, talking about problems, mentioning problems, talking about solutions, constructive criticism. That’s why I refuse to run a negative campaign. I am definitely not a spoiler. I’m into data, right? I’m a technologist. I’ve got digital DNA. So does most of our campaign team. We’ve got our finger on the pulse.
Most of my major Democratic contacts are really happy to see that we’re running in a red state like Wyoming. Kanye West’s home state is Wyoming. He’s not on the ballot in Wyoming I could say, in part, because he didn’t have Akon on his team. But I could also say that he probably didn’t want to be on the ballot in Wyoming because it’s a red state. He doesn’t want to take additional points in a state where he’s only running against Trump. But we’re on the ballot in Wyoming, and since we’re on the ballot in Wyoming I think it’s safe—more than safe, I think it’s evident—that we are not here to run as a spoiler for the benefit of Donald Trump.
In running for president, you’ve opened yourself up to be scrutinized from every angle going back to the beginning of your career. I wanted to ask you about your time at the Digital Entertainment Network. Can you tell me a little bit about how you started there? You became a vice president as a teenager. What were your qualifications and what was your job exactly?
Well, I was the co-founder. A lot of it was my idea. I had an idea that people would use the internet to watch videos, and we create content for the internet. The idea was basically YouTube and Hulu and Netflix. Anyone that was around in the ‘90s and has been around digital media since then, they all credit us as the creators of basically those ideas. I was just getting a message from the creator of The Vandals, the punk rock band, right before you called. He’s like, “Brock, looks like we’re going to get the Guinness Book of World Records for having created the first streaming television show.”
We did a lot of that stuff. We had 30 television shows. We had the top most prestigious institutions in the world as investors. The biggest names. High-net-worth investors like Terry Semel, who’s chairman and CEO of Warner Brothers, and became the CEO of Yahoo. I did all sorts of things. I helped sell $150,000 worth of advertising contracts to the CEOs of Pepsi and everything else. I was the face of the company, meeting all the major banks and everything else, selling the vision of what the future was.
You moved in with Marc Collins-Rector and Chad Shackley at a mansion in Encino. Was that the headquarters of the business?
All start-ups, they normally start out in your home. Because it’s just you. The company was first started out of Marc’s house, and it was probably there for the first two or three months, before the company got an office. That’s, like, how it is for all start-ups.
were later a co-defendant in the L.A. County case filed against Marc Collins-Rector for plying minors with alcohol and drugs, in order to facilitate sexual abuse. You were dropped from the case, but you settled with one of the men for $21,600. Can you explain that?
Okay, well, first of all, that’s not accurate. Two of the plaintiffs in that case asked me if I would be a plaintiff. Because I refused to be a part of the lawsuit, they chose to include me to discredit me, to make their case stronger. They also went and offered 50 percent of what they got to the house management—they went around and offered money to anyone to participate in this. They needed people to corroborate their story. Eventually, because I refused to participate in the lawsuit, they named me. Subsequently, all three of the plaintiffs apologized to me, in front of audiences, in front of many people, saying Brock never did anything. They dismissed their cases.
Remember, this is a civil thing. I’ve never been charged with a crime in my life. And the last plaintiff to have his case dismissed, he contacted his lawyer and said, “Dismiss this case against Brock. Brock never did anything. I just apologized. Dismiss his case.” And the lawyer said, “No. I won’t dismiss this case, I have all these out-of-pocket expenses, I refuse to file the paperwork unless you give me my out-of-pocket expenses.” And so the lawyer, I guess, had $21,000 in bills. So I paid his lawyer $21,000—not him, it was not a settlement. That was a payment to his lawyer for his out-of-pocket expenses. Out-of-pocket expenses so that he would file the paperwork to dismiss the case.
You’ve said the cases were unfounded, and the plaintiffs eventually apologized. But your boss, Marc Collins-Rector later pleaded guilty to eight charges of child enticement and registered as a sex offender. Were you aware of his behavior? How do you square the fact that later allegations proved to be true, but these ones were not?
Well, remember: I was 16 and 17 years old at the time? So, no. I don’t think Marc is the man they made him out to be. But Marc is not a person I would associate with today, and someone I haven’t associated with in a very long time. I was 16 and 17. I chose the wrong business partner. You live and you learn.
You’ve pointed out that you were underage when most of these allegations were said to take place. Did you ever feel like you were coerced or in over your head while working at DEN?
I mean, I was working 18 hours a day, doing things I’d never done before. It was business school. But I definitely learned a lot in building that company. We raised $88 million. We filed our [form] S-1 to go public. We were the hottest start-up in Los Angeles.
In 2000, you left the country with Marc Collins-Rector. Why did you leave? How did you spend those two years abroad?
I moved to Spain in 1999 for personal reasons. I spent those two years in Europe working on developing my businesses.
Interpol found you in 2002. The house where you were staying reportedly contained guns, machetes, and child pornography. Whose guns and child porn were those? Were you aware they were in the house, and how did those get there?
My lawyers have addressed this in 32 pages of documentation showing a complete absence of wrongdoing. Please refer to my webpage for more information.
[Ed. Note: The webpage does not mention guns, machetes, or child pornography. It does state:“It is true that when the local police arrested Collins-Rector in Spain in 2002 on an international warrant, Mr. Pierce was also taken into custody, but so was everyone at Collins-Rector’s house in Spain; and it is equally clear that Brock was promptly released, and no charges of any kind were ever filed against Brock concerning this matter.”]
What do you make of the allegations against Bryan Singer? [Ed. Note: Bryan Singer, a close friend of Collins-Rector, invested at least $50,000 in DEN. In an Atlantic article outlining Singer’s history of alleged sexual assault and statutory rape, one source claimed that at age 15, Collins-Rector abused him and introduced him to Singer, who then assaulted him in the DEN headquarters.]
I am aware of them and I support of all victims of sexual assault. I will let America’s justice system decide on Singer’s outcome.
In 2011, you spoke at the Mindshift conference supported by Jeffrey Epstein. At that point, he had already been convicted of soliciting prostitution from a minor. Why did you agree to speak?
I had never heard of Jeffrey Epstein. His name was not on the website. I was asked to speak at a conference alongside Nobel Prize winners. It was not a cryptocurrency conference, it was filled with Nobel Prize winners. I was asked to speak alongside Nobel Prize winners on the future of money. I speak at conferences historically, two to three times a week. I was like, “Nobel Prize winners? Sounds great. I’ll happily talk about the future of money with them.” I had no idea who Jeffrey Epstein was. His name was not listed anywhere on the website. Had I known what I know now? I clearly would have never spoken there. But I spoke at a conference that he cosponsored.
What’s your connection to the Clinton Global Initiative? Did you hear about it through Jeffrey Epstein?
I joined the Clinton Global Initiative as a philanthropist in 2006 and was a member for one year. My involvement with the Initiative had no connection to Jeffrey Epstein whatsoever.
You’ve launched your campaign in Minnesota, where George Floyd was killed by a police officer. How do you feel about the civil uprising against police brutality?
I’m from Minnesota. Born and raised. We just had a press conference there, announcing that we’re on the ballot. Former U.S. Senator Dean Barkley was there. So that tells you, when former U.S. Senators are endorsing the candidate, right?
[Ed. note: Barkley was never elected to the United States Senate. In November of 2002, he was appointed by then Minnesota Governor Jesse Venture to fill the seat after Sen. Paul Wellstone died in a plane crash. Barkley’s term ended on Jan. 3, 2003—two months later.]
Yes, George Floyd was murdered in Minneapolis. My vice-presidential running mate Karla Ballard and I, on our last trip to Minnesota together, went to visit the George Floyd Memorial. I believe in law and order. I believe that law and order is foundational to any functioning society. But there is no doubt in my mind that we need reform. These types of events—this is not an isolated incident. This has happened many times before. It’s time for change. We have a lot of detail around policy on this issue that we will be publishing next week. Not just high-level what we think, not just a summary, but detailed policy.
You said that you support “law and order.” What does that mean?
“Law and order” means creating a fair and just legal system where our number one priority is protecting the inalienable rights of “Life, Liberty and the pursuit of Happiness” for all people. This means reforming how our police intervene in emergency situations, abolishing private prisons that incentivize mass incarceration, and creating new educational and economic opportunities for our most vulnerable communities. I am dedicated to preventing crime by eliminating the socioeconomic conditions that encourage it.
I support accountability and transparency in government and law enforcement. Some of the key policies I support are requiring body-cams on all law enforcement officers who engage with the public, curtailing the 1033 program that provides local law enforcement agencies with access to military equipment, and abolishing private prisons. Rather than simply defund the police, my administration will take a holistic approach to heal and unite America by ending mass incarceration, police brutality, and racial injustice.
Did you attend any Black Lives Matter protests?
I support all movements aimed at ending racial injustice and inequality. I​ have not attended any Black Lives Matter protests.​ My running-mate, Karla Ballard, attended the March on Washington in support of racial justice and equality.
Your platform doesn’t mention the words “climate change.” Is there a reason for that?
I’m not sure what you mean. Our policy platform specifically references human-caused climate change and we have a plan to restabilize the climate, address environmental degradation, and ensure environmental sustainability.
[Ed. Note: As of writing the Pierce campaign’s policy platform does not specifically reference human-caused climate change.]
You’ve recently brought on Akon as a campaign surrogate. How did that happen? Tell me about that.
Akon and I have been friends for quite some time. I was one of the guys that taught him about Bitcoin. I helped make some videogames for him, I think in 2012. We were talking about Bitcoin, teaching him the ropes, back in 2013. And in 2014, we were both speaking at the Milken Global Conference, and I encouraged him to talk about how Bitcoin, Africa, changed the world. He became the biggest celebrity in the world, talking about Bitcoin at the time. I’m an adviser to his Akoin project, very interested in the work that he’s doing to build a city in Africa.
I think we need a government that’s of, for, and by the people. Akon has huge political aspirations. He obviously was a hugely successful artist. But he also discovered artists like Lady Gaga. So not only is he, himself, a great artist, but he’s also a great identifier and builder of other artists. And he’s been a great businessman, philanthropist. He’s pushing the limits of what can be done. We’re like-minded individuals in that regard. I think he’ll be running for political office one day, because he sees what I see: that we need real change, and we need a government that is of, for, and by the people.
You mentioned that you’re an adviser on Akoin. Do you have any financial investments in Akoin or Akon City?
I don’t believe so. I’d have to check. I have so much stuff. But I don’t believe that I have any economic interests in his stuff. I’d have to verify that. We’ll get back to you. I don’t believe that I have any economic interests. My interest is in helping him. He’s a visionary with big ideas that wants to help things in the world. If I can be of assistance in helping him make the world a better place, I’m all for it. I’m not motivated by money. I’m not running for office because I’m motivated by power. I’m running for office because I’m deeply, deeply concerned about our collective future.
You’ve said you’re running on a pro-technology platform. One week into your campaign last month, a New York appeals court approved the state Attorney General’s attempt to investigate the stablecoin Tether for potentially fraudulent activity. Do you think this will impact your ability to sell people on your tech entrepreneurship?
No, I think my role in Tether is as awesome as it gets. It was my idea. I put it together. But I’ve had no involvement in the company since 2015. I gave all of my equity to the other shareholders. I’ve had zero involvement in the company for almost six years. It was just my idea. I put the initial team together. But I think Tether is one of the most important innovations in the world, certainly. The idea is, I digitized the U.S. dollar. I used technology to digitize currency—existing currency. The U.S. dollar in particular. It’s doing $10 trillion a year. Ten trillion dollars a year of transactional volume. It’s probably the most important innovation in currency since the advent of fiat money. The people that took on the business and ran the business in years to come, they’ve done things I’m not proud of. I’m not sure they’ve done anything criminal. But they certainly did things differently than I would do. But it’s like, you have kids, they turn 18, they go out into the world, and sometimes you’re proud of the things they do, and sometimes you shake your head and go, “Ugh, why did you do that?” I have zero concerns as it relates to me personally. I wish they made better decisions.
What do you think the investigation will find?
I have no idea. The problem that was raised is that there was a $5 million loan between two entities and whether or not they had the right to do that, did they disclose it correctly. There’s been no accusations of, like, embezzlement or anything that bad.
[Ed. Note: The Attorney General’s press release on the investigation reads: “Our investigation has determined that the operators of the ‘Bitfinex’ trading platform, who also control the ‘tether’ virtual currency, have engaged in a cover-up to hide the apparent loss of $850 million dollars of co-mingled client and corporate funds.”]
But there’s been some disclosure things, that is the issue. No one is making any outrageous claims that these are people that have done a bunch of bad—well, on the internet, the media has said that the people behind the business may have been manipulating the price of Bitcoin, but I don’t think that has anything to do with the New York investigation. Again, I’m so not involved, and so not at risk, that I’m not even up to speed on the details.
[Ed note: A representative of the New York State Attorney General told Forbes that he “cannot confirm or deny that the investigation” includes Pierce.]
We’ve recently witnessed the rise of QAnon, the conspiracy theory that Hollywood is an evil cabal of Satanic pedophiles and Trump is the person waging war on them. You mentioned human trafficking, which has become a cause for them. What are your thoughts on that?
I’ve watched some of the content. I think it’s an interesting phenomenon. I’m an internet person, so Anonymous is obviously an organization that has been doing interesting stuff. It’s interesting. I don’t have a big—conspiracy theory stuff is—I guess I have a question for you: What do you think of all of it, since you’re the expert?
You know, I think it’s not true, but I’m not running for president. I do wonder what this politician [Georgia congressional candidate Marjorie Taylor Greene], who’s just won her primary, is going to do on day one, once she finds out there’s no satanic cabal room.
Wait, someone was running for office and won on a QAnon platform, saying that Hollywood did—say what? You’re the expert here.
She won a primary. But I want to push on if we only have a few minutes. In 2006, your gaming company IGE brought on Steve Bannon as an investor. Goldman later bought out most of your stock. Bannon eventually replaced you as CEO of Affinity. You’ve described him as your “right-hand man for, like, seven years.” How well did you know Bannon during that time?
Yes, so this is in my mid-twenties. He wasn’t an investor. He worked for me. He was my banker. He worked for me for three years as my yield guide. And then he was my CEO running the company for another four years. So I haven’t worked with Steve for a decade or so. We worked in videogame stuff and banking. He was at Goldman Sachs. He was not in the political area at the time. But he was a pretty successful banker. He set up Goldman Sachs Los Angeles. So for me, I’d say he did a pretty good job.
During your business relationship, Steve Bannon founded Breitbart News, which has pretty consistently published racist material. How do you feel about Breitbart?
I had no involvement with Breitbart News. As for how I feel about such material, I’m not pleased by any form of hate-mongering. I strongly support the equality of all Americans.
Did you have qualms about Bannon’s role in the 2016 election?
Bannon’s role in the Trump campaign got me to pay closer attention to what he was doing but that’s about it. Whenever you find out that one of your former employees has taken on a role like that, you pay attention.
Bannon served on the board of Cambridge Analytica. A staffer on your campaign, Brittany Kaiser, also served as a business director for them. What are your thoughts on their use of illicitly-obtained Facebook data for campaign promotional material?
Yes, so this will be the last question I can answer because I’ve got to be off for this 5:00 pm. But Brittany Kaiser is a friend of mine. She was the whistleblower of Cambridge Analytica. She came to me and said, “What do I do?” And I said, “Tell the truth. The truth will set you free.”
[Ed. Note: Investigations in Cambridge Analytica took place as early as Nov. 2017, when a U.K. reporter at Channel 4 News recorded their CEO boasting about using “beautiful Ukranian girls” and offers of bribes to discredit political officials. The first whistleblower was Christopher Wylie, who disclosed a cache of documents to The Guardian, published on Mar. 17, 2018. Kaiser’s confession ran five days later, after the scandal made national news. Her association with Cambridge Analytica is not mentioned anywhere on Pierce’s campaign website.]
So I’m glad that people—I’m a supporter of whistleblowers, people that see injustice in the world and something not right happening, and who put themselves in harm’s way to stand up for what they believe in. So I stand up for Brittany Kaiser.
Who do you think [anonymous inventor of Bitcoin] Satoshi Nakamoto is?
We all are Satoshi Nakamoto.
You got married at Burning Man. Have you been attending virtual Burning Man?
I’m running a presidential campaign. So, while I was there in spirit, unfortunately my schedule did not permit me to attend.
OP note: please refer to the original article for reference links within text (as I've not added them here!)
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Bitcoin Adding More Zeros To Its Price; For Those Interested, Here's a Post on a Bloomberg Article About Bitcoin Price

Bloomberg: Bitcoin has had a tendency of adding zeros to its price
Investors and market watchers focus on Bitcoin price predictions; there is a widespread expectation that the price can increase, and many investors search for news and information on trends. A recent Bloomberg news article noted that Bitcoin(BTC) rose from $1,000 to $10,000 in less than four years.
The writing projects the trend line and estimates that Bitcoin could reach $100,000 by 2025. According to the article, Bitcoin will reach $100,000 in 2025 if it can add a zero to its price twice the time it took to add the zero from $1,000 to $10,000.
The discussion point is that Bitcoin may have slowed in its price expansion but still can continue climbing into the foreseeable future. Bitcoin has had sharp rises and falls; the overall trend line is one of remarkable growth. A Koinal account can start a path to Bitcoin investment or expand an existing plan. Our portal is convenient and straightforward; Koinal uses bank-issued cards to make cryptocurrency purchases.

Long-Term Projections

The well-informed cryptocurrency community has seen bolder predictions. For example, a widely distributed Stock-to-Flow Model forecasts a $100,000 price by late 2020. The Bloomberg article suggests that both historical trends and the current supply and demand direction favor Bitcoin growth. Institutional demand is rising, and it will likely increase while the supply approaches the production limits. The limited supply will drive prices higher.
At Koinal.io, we work with you to carry out your investment and financial plans. Our program works with small or large volume purchases. Koinal works with the leading cryptocurrency exchanges that offer a wide variety of leading currencies.

Short-Term Projections

While the long-term price point gets the attention, the article notes that the short-term prediction is that BTC will once again reach the $14,000 price point in 2020. The year 2019 was the last time Bitcoin sold at that level.
A Koinal account can set you on a path to participate in cryptocurrency. The Koinal purchasing process is easy to understand and convenient; it does not require bank wires or other special arrangements. We are here to help you open an account and start trading today.
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Which type of curren(t) do you want to see(cy)? A analysis of the intention behind bitcoin(s). [Part I]

Bitcoin was released to the world in 2009 by someone (or a group) who authored a technical whitepaper, released the source code to the protocol and commented on a few p2p forums and mailing lists under the pseudonym Satoshi Nakamoto for a few months prior and a few years afterwards before leaving the project. The project was left in the hands of Gavin Andresson who was another cryptographer that satoshi communicated regularly with on the forums and had been one of the first people involved in the project. Some time after satoshi left, one of his accounts was allegedly hacked and bitcointalk (the primary forum) itself was hacked so a meme kind of emerged that satoshi wouldn't be able to post again from his accounts or that posting from them would be dubious. In 2016 an Australian by the name of Craig S Wright was exposed by Wired and Gizmodo as potentially being the inventor of bitcoin. Craig then signed privately for Gavin Andreson, Jon Matonis but then when he was supposed to cryptographically sign to a journalist the method performed did not hold up to public scrutiny because he could have copy pasted a fragment from an earlier known signed message from satoshi and not generated it himself with the private keys. This cast a lot of doubt from many on the man's claims and he published an article saying he wasn't brave enough to sign.
Since then the term cryptocurrency has blown out massively to include anything with a distributed ledger technology, a token, a security, and has really just devolved into a cesspit of buzzwords and disinformation. Once satoshi disappeared in 2011 and left the repo in the hands of Gavin and the open source community, it left a power vacuum in the space for how to interpret the protocol, whitepaper and handle the development. Gavin Andresson brought some other developers on board from the forums and mailing lists, Shortly after Gavin gave some other developers commit access, bitcointalk was hacked and these new developers somehow deleted gavin from the github repo due to apparent concern that his account was compromised from the hack and afterwards once he validated his identity in certain accounts he was never given access again. Gavin stopped being involved with the project after that.
In the time following satoshi's departure a meme had evolved that satoshi had left because Gavin had met with the CIA to discuss bitcoin. This meme combined with the interpretation of what satoshi meant when he included the quote "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" in the genesis block, the subsequent rise and fall of silk road and darknet markets, and the general lore of the space, his cypherpunk mailing list associations had led the scene to paint/project upon him as some kind of government hating tax dodging l33t h4xor demigod.
Although in the title of the whitepaper it was described as p2p cash, bitcoin as most know it is now is marketed as a store of value. Although it was defined as the longest Proof of Work chain of digital signatures, bitcoin as most know it in actual fact has segregated witnesses (signatures) in the protocol. Although satoshi attests to how bitcoin is designed to scale to giant block sizes hosted and mined in data centers that never really hits a scaling ceiling, it is being sold as that even at 1MB size, the damage has already been done and the blocksize should be 300kB because every user needs to be able to run a full node for bitcoin to validate their own transactions with the lowest hardware and bandwidth requirements possible. A high vertice count with everyone running a (non-mining) full node is said to protect the network against malicious actions by the big bad government while graph theory states that it is the degree of inter connectivity of the vertcies (edge number) that confers security of the network against sybil attacks as it brings the number of hops down.
This decoupling from the original vision has led to development and scaling of bitcoin stalling for many years which led to the proliferation of many alt coins rising up to claim they possess superior attributes to bitcoin or can work in conjunction with bitcoin in a gold and silver type relationship, or serve a different use case to bitcoin. The debate between the groups that represented the opposing roadmaps reached a climax with bitcoin itself forking into two now separate blockchains with the minority chain being declared the imposter by social media claiming hashpower and the market had chosen despite their chain changing on the protocol level to implement segregated witnesses and reject the block size increase. These two now separate chains both forked again to birth bitcoin gold and diamond on the segwit chain and bitcoin cash and bitcoin sv on the non segwit chain. At the non segwit chain fork, bitcoin cash implemented checkpointing at the protocol level whereas bitcoin sv maintained the original nakamoto consensus and sought to scale greater than the 32MB blocksize limit BCH maintained with 64MB blocks.
Following these forking events both BTC (segwit) and BCH (checkpoints) also implemented Schnorr signatures which was marketed as economising the size of a typical bitcoin transaction though in actual fact it can be used to obfuscate signatures and allow for the mixing of coins to mask the chain of digital signatures and essentially "anonymously" launder money. The BSV chain (now Stewarded by Dr Craig Wright) was then declared the loser of that hash war by people heralding the power of the market and the miners to democratize money. The problem with such a claim though is just like current polical democracy, this apparent democratisation of money was just as susceptible to the influence of those who control the cryptocurrency media and just like in politics, there is a cabal like group that exerts a disproportionate influence over the narrative and appears to serve the interests of those in on the racket rather than those it is allegedly informing.
The main forums for discussion of cryptocurrency originally were bitcoin.org, bitcointalk.org and /Bitcoin with all three of them for some time sharing the same moderator theymos. Coindesk and the bitcoinmagazine (started by ethereum devs) were some early sources, talking heads like andreas antonopolos (andreasma), peter todd (petertodd) and greg maxwell (nullc) being propped up as sources of knowledge on what is the best course of action for scaling and endorsing solutions like small blocks, second layer solutions and segwit as a necessarry bitcoin improvement protocol (BIP) while people like Roger Ver (memory dealers) and Dr Craig Wright (craig_s_wright) endorsing a block size increase. Because the core developers had chosen to scale with small blocks and lots of nodes on the network were signalling in support of Segwit any discussion of a big block alternative was considered discussion of an alt coin and deleted and eventually users banned from /bitcoin. Out of that incident /btc emerged as an apparently censorship free forum for the discussion of all scaling plans for bitcoin but was ultimately a partisan sub populated with dejected big blockers. After the BCH fork, discussion for bitcoin sv exists on a few subs /bsv (modded by BCHers), /bitcoinsv (moderated by the lead technician at nChain (Craig Wright's company) and /bitcoincashsv where many users have been banned from both /bitcoin and /btc.
Now this so far is just kind of a synposis of the history of bitcoin covering all three of the main contenders for the legitimate claimant of the name but the part 2 will look more at what kind of drastically different societies would be built upon the different versions of the protocol and what may seem like their subtle differences and which one is likely to succeed.
submitted by whipnil to C_S_T [link] [comments]

Bitcoin Acquiring Guide - Easy 3-Step Overview to Purchasing Your Initial Bitcoin | knaken

Looking for a Bitcoin Purchasing Guide? Wondering where to start? People have a lot of misunderstandings about bitcoin - the really first widely recognized and also accepted cryptocurrency worldwide.
bitcoin kaufen und senden
A great deal of people believe as an example that just cyberpunks and also dubious individuals use it. Nevertheless bitcoin is in fact going mainstream with everybody from TigerDirect to Expedia.com to Dell and also Train accepting repayments in bitcoin currently.
Why so popular?
Well, bitcoin has a lot of advantages over various other money. For instance, you can send bitcoins to somebody as payment without needing to go with the financial institution middleman (and obtain struck with added fees). It's also much faster than sending out money through a financial institution cord or transfer. You can send out bitcoins to somebody and also have them receiving the coins in secs.
With all of this, it's no surprise that many individuals are now shopping bitcoin for the very first time. Nevertheless it's not as easy as mosting likely to your bank and taking out bitcoins - or going to a shop as well as paying some hard-earned money for bitcoin.
The system works a little bit in a different way than that. This Bitcoin Purchasing Overview will certainly discuss a couple of things you need to recognize before you acquire - so you can get safely as well as firmly.
First off, while the rate could be over $2000 us per coin, you do not have to acquire an entire bitcoin. The majority of locations will allow you buy portions of a bitcoin for as low as $20. So you can begin little as well as go from there as you get even more comfy with the means points work.
Second of all, this short article is for basic functions just and also not to be taken as monetary suggestions. Bitcoin can be risky and prior to making any type of purchase you should speak with your economic consultant to see if it's best for you.
So here are 3 simple steps to buying Bitcoins:
# 1 Obtain a Bitcoin Purse
The initial point to do before you buy your coins is to get a digital budget to store your coins. This pocketbook is a string of message that individuals can utilize to send you bitcoins.
There are a number of different sorts of pocketbooks including ones you download to your phone or computer system, online pocketbooks and even offline, cold storage pocketbooks.
Most individuals choose to obtain a budget on their phone or computer system. Popular budgets include Blockchain, Depot, Bitgo MyCelium as well as Xapo.
Normally it's as basic as downloading and install the wallet to your phone as an app or downloading and install the software to your computer from the pocketbook's primary internet site.
# 2 Determine Where to Acquire
There are numerous kinds of places to buy and every one is a bit different. There are on-line vendors that will certainly sell you bitcoins directly for cash (or financial institution wire or bank card).
There are exchanges where you can deal bitcoins from others - comparable to a securities market. There are likewise regional exchanges that connect you up with vendors in your location aiming to sell.
There are likewise ATMs where you most likely to buy with cash money and obtain your coins supplied to your pocketbook in minutes.
Each bitcoin vendor has their advantages and also downsides. For instance Atm machines are terrific for privacy, however they'll charge you as much as 20% in addition to the current rate, which is ludicrous. (On a BTC rate of $2000, that $400! So you're paying $2400 rather than $2000).
Regardless of where you choose to buy, keep in mind to do your study as well as opt for a trusted seller with a good credibility and also strong customer service. First time purchasers will specifically have inquiries and also might need the added assistance to assist them with their very first deal.
Take your time and study the various areas to purchase prior to you decide. Variables to think about include coin rates, additional fees, approach of settlement and client service.
# 3 Buy Bitcoin as well as Relocate To Your Purse
When you've discovered an area to purchase, get your funds prepared (i.e. you might send out a wire transfer or use your Visa to money your account). After that wait for a good rate. (Bitcoin costs are always rising and fall 1 day, 7 days a week). Then place your order when you prepare.
Once your order is filled up as well as you have your coins, you'll want to send them to your pocketbook. Simply enter your bitcoin address as well as obtain the seller to send you your bitcoins. You must see them appear in your wallet within minutes to an hour (depending upon how quick the vendor sends them out).
submitted by knakenge to u/knakenge [link] [comments]

How I fucked up and turned ~600 BTC into 200 BTC

Before I tell you how I fucked up, let me just say I am very aware of just how many newbie mistakes I made and how stupid I was. By all means, please feel free to laugh at my disgusting choices... the least my stupidity can do is serve as humor.
Back in May/June, I bought around 600 Bitcoin at around 2700 USD. I'll let you do the math on how much that cost me. But I believed in Bitcoin. The original plan was just to hold them forever. I was pretty convinced Bitcoin was going to go to $10K by 2018. Had I just left the Bitcoins in my wallet and done nothing, I would be pretty happy right now at $4000 per coin.
But no. I decided to try my hand at trading altcoins. I started off with Siacoin (this was back when there was hype around Siacoin).
Put in 10 bitcoins into Sia, at 450 satoshis... Next day, Siacoin went up to 600 satoshis. I was like "Cool, this is easy, I just made a couple thousand dollars in a day."
Next day I put in 20 Bitcoins into Antshares (now re-branded as NEO). Three days later, it went up as well. "Cool, I just made 10 grand in three days! All I have to do is buy altcoins low and sell high. So easy. As long as I HODL and don't sell in panic and just wait it out until it rises, everything should be fine."
You can guess where this story is heading... there's no happy endings here.
Basically, over the course of June, I invested pretty much ALL of my Bitcoins into alts, thinking they were going to keep going up and up. It was pure greed. Of course I should've just kept it in Bitcoin. Of course I should've done my research on some of these altcoins. Of course I should've not bought it at the very fucking peak before all the altcoins crashed.
Curious to see how badly I fucked up?
Here's a list = all the altcoins I bought, how much BTC I spent on them, and how much BTC they're worth now. Feel free to roast me, cause you could not get more stupid than this (especially putting that much money and faith into some of these altcoins).
Why didn't I put in any stop losses? Cause I was stupid. Why did I keep holding onto these coins despite the massive fall in value? Cause I believed they would eventually turn around.
Trust me, I ask myself every day how I could've made THIS many bad decisions at the same time.
I totally get you if you think I'm making up this story and how could anyone be stupid enough to spend 200 BTC on Siacoin. Pure greed. I thought Siacoin would keep going up, and I could make a quick profit.
The only mistake I haven't made is sold any of the coins at a loss. Even as I saw the altcoins go down, I convinced myself that all I needed to do was HODL.
I'm still holding. Still hoping that eventually some of these might go back up to the value they were before, and I can sell them off at break even.
Of course I'm tempted to sell them all. Take any BTC I can get for them. Maybe put it into NEO (that train already left though) or some other altcoin that I hope will blow up. But of course that too would be an impulsive mistake. I'm just scared shitless, so I hold. I've made every single mistake I could made, except selling at a loss.
"Just hold." everyone says. So I do. But the people who say "hold" usually didn't spend 600 BTC on altcoins and watched their portfolio go down to about 200 BTC.
By the way, I know that when you compare it to USD value, not all of these altcoins have dropped that much. But that's not what I look at. USD value is deceptive, cause BTC keeps going up.
What I care about is BTC value. I'd give anything to just have my 600 BTC back (which of course would now be worth way more than the $2700 per coin I spent on them).
I realize that the chances of these altcoins ever going back to the peak that we had in June / July are very slim... the more BTC keeps rising, the less satoshis each of these coins is worth. Trust me, I know how much I fucked up.
Anyway.... feel free to laugh at my stupidity.
I'm open to any suggestions as to what to do with my altcoins now, whether I should just sell them back and get ~200 BTC for them, or wait for some of these to turn around... I genuinely don't know how to make this any less of a fuck-up.
EDIT: To answer some questions that have popped up:
Some of you are having a hard time believing someone who has this type of money can lose it in such a stupid way. Earning money, keeping it, and growing it are different skills. I fucked up on the last two.
A few of you asked how I bought 600 Bitcoins all at once. I used an OTC called Genesis Trading. Minimum buy order is 25K. You negotiate a bid, then you wire them the money, and they send the BTC to your wallet.
I don't have any NEO. I sold it when it got to break even, and then it exploded to current levels. So not only did I fuck up by investing in alts that went down, the one single coin that went up, I sold before it exploded.
I will reply to comments. I'm just catching up and reading everything that everyone posted and taking it all in.
Thank you to everyone who replied.
submitted by stupidfoolishwhale to Bitcoin [link] [comments]

Two underlying factors in the bubble cycle

In this post, a theory is presented about why cryptocurrency bubbles behave the way they do: more coins are sold by miners during the bottom of the cycles, and changing coins to dollars is impossible for many people. Source: https://forums.prohashing.com/viewtopic.php?f=11&t=5826
Good afternoon! Now that we have time to relax after releasing charity mining, I thought that it was worth straightening out two misconceptions that seem get posted over and over again across the Internet. These ideas appear to come from people who don't actually work in the cryptocurrency industry or who don't actually spend any coins to buy anything.
There are two constant market forces unrelated to traders and purchasers that act in opposition to each other, and understanding them explains a lot about why markets act the way they do. I'll show that they can explain the existence and behavior of the bubble cycles that are especially pronounced in cryptocurrencies.
Mining sell pressure increases as prices fall
One of the most common refrains I see posted is that miners are supposedly more likely to save coins during the downcycle of bubbles, because they want to accumulate as many as possible so that they will be worth more when the next bubble starts. This is a sound investment strategy, but it doesn't work when you're running a business.
For example, our expenses are currently fixed at $1,574/day. This amount is what it costs for electricity, server maintenance, Internet connectivity, salaries, health insurance, reviewing 1099-MISC and W8-BEN forms, legal advice, taxes, and so on. Ideally, we would be investing more, but the massive labor shortage makes it impossible to hire anyone in this economy. Our revenues have been remarkably stable at about 11 bitcoins per day - down from about $230,000 per day in December to around $06,000 now. At the targeted 5% revenue, we earned around $11,500/day back then, and about $3,000/day now before expenses.
Of the $11,500 per day that was being earned back in December, about 15% was being spent or exchanged to dollars for business expenses and necessities like Purse purchases. Now, with $3,300 per day being earned, about 50% of coins are being spent or exchanged to dollars to pay business expenses and necessities. The rest accumulates and remains in the business's paper wallets for the part of this cycle when things get really bad - but there were more bitcoins going into the wallets in December. If the bitcoin price declines towards my earlier predicted capitulation low of $980, we will not only spend all of the coins we earn, but will also start drawing down the paper wallets to pay 200% of what we are earning to survive until the cycle reverses.
This is why the theory that miners will hold more coins because they think that the price will rise is incorrect. Expenses are fixed. We saved more money, in both dollar value and number of coins, when the value of coins was high. We are not able to hold as many coins now because more are being spent to pay fixed expenses. When prices fall even more, we'll actually start spending more than the coins we mine.
I strongly believe that the next bubble will see many coins (especially ETC, which is significantly undervalued because the ETH network is overloaded) rising to 20x multiples of what they are worth now. I also dislike wasting money on useless stuff like expensive cars and big houses and would rather save it. But that doesn't mean we're saving more money than when the coins were worth more. We still have to spend $45,000 per month. Before, that meant spending four blocks of litecoins; now, it means spending twenty.
Throughout the years, I've always wondered why coins seem to be so much more susceptible to bubbles than stocks are. Some try to write off the volatility as being due to the low market capitalization of coins, but bitcoin has a larger market capitalization than most companies, and it is still more volatile. I suspect the true reason is that stocks are not mined. The selling pressure from miners increases as the value of coins declines, because they have to unload more and more of them to stay solvent. The bubbles become like self-fulfilling prophecies. As prices decline, miners have no choice but to unload more coins onto the market. Once prices begin to rise, fewer and fewer coins are spent by miners, amplifying the cycle in the opposite direction.
Changing coins to dollars is difficult
People seem to miss is that even if it were possible to predict that a bubble has peaked with 100% accuracy, it's still extremely difficult to convert coins to dollars.
The first reason for this trouble is that there are a lot of costs involved. First, there are exchange fees and transaction fees associated with moving money to exchanges, which in December cost $40. Then, there is the rule that long-term gains are taxed as a lower rate than short-term gains. These taxes are, of course, applied on top of your income, so they are in the highest bracket. In our case, selling coins means setting aside about 26% to pay long-term capital gains taxes to all the tax agencies - but when coins are re-bought, short-term capital gains taxes are now applied. The short-term capital gains rate is about 45%.
Therefore, even if I were 100% certain that bitcoins would fall from $20,000 to $16,200, it still doesn't make sense to sell. Assume that I have one bitcoin that was bought for close to zero. Selling it at $20,000 would mean that I owe 26%, or $5200 in taxes. I have perfect timing and buy back 0.913 bitcoins with my remaining $14,800 at a cost of $16,200. This sounds like a great deal - I lost 9% of my bitcoins to pay 26% owed in taxes!
But when the price of bitcoins rises back to $20,000, I now owe 45% "short term gains" on the $4800 increase. My 0.913 bitcoins sold for $18,200, I owe $2,200 in taxes at 45%, and therefore I am left with $16,000. With perfect market timing, I somehow lost $200. Plus, if you need to re-read this calculation to make sense of it, then that should give you an idea of how much of an opportunity cost there is in time trying to sort this stuff out.
But there's a more important reason many people hold coins instead of dollars. It may not be illegal to sell coins, but everyone will treat you like it is.
In an earlier post, I talked about how Chris has already had two bank accounts closed (see viewtopic.php?f=11&p=18825), despite the accounts being used for no other purpose than to pay taxes. My theory is that banks have some sort of automatic trigger, where large transactions cause some sort of internal audit. Banks treat customers like criminals until proven otherwise. This internal audit seems to be much stricter than whatever paperwork they are required to file with government agencies.
Avoiding the use of banks isn't about avoiding illegal activity, since we don't have anything to hide. It's about avoiding unnecessary attention. Even when you're not doing anything wrong, you still have to spend time and sometimes money constantly proving that.
My impression when dealing with the government and banks is that, for whatever reason, they are laser-focused and see everything in terms of dollars. Dollars are worth something, and when you convert things into dollars, you have money and are rich. They view coins as something that isn't real, in that you aren't rich until you have a bank account with a lot of dollars in it. The reason is probably because most of the financial crime seems to go through banks - i.e., Paul Manafort thinking that transferring $11m through wire transfers would somehow be hidden from taxation.
This attitude extends to everyday people, too. To this day, there are still people who say things like "well, the business earns you coins, but how to you turn that into money?" I have four times as many coins as everything else I own combined, and yet to them my net worth is a portfolio of stocks, my old Prius, an electric bike that is worth just as much as the Prius, and a few other things. To them, the coins are just something else I happen to have "invested in" that isn't real money.
You can use this socially and legally to your advantage. The IRS allows people to hold as many coins as they want, and as long as they aren't spent, they can sit in paper wallets forever without owing a dime in taxes. There aren't any documentation requirements for declaring how many coins one owns, and unlike cash stored under a mattress, a split key can't be stolen or lost in a fire. A bag of cash being carried across the country is automatically suspected as being drug-related, while a paper with a private key is overlooked. Banks have no right to decide that they don't like your coins and freeze accounts pending investigation. And it seems like the average person doesn't consider coins as a form of "real money," so most people don't see you as rich with all the problems that come along with that.
Finally, even if I wanted to convert all these coins to dollars, I would have to send them to an exchange. Chris had his Coinbase account suspended "pending account review" for three months before their incompetent customer service finally was able to get around to his ticket and resolve the issue. We closed a Bitflyer account, because they won't connect brokerage accounts from "intermediate" clearing banks where the name of the account at the intermediate bank is the bank's name. Again, all of this is because of this idea that as soon as coins are converted to dollars, they suddenly become "real money" or something. To see how the concept of dollars being special is true, all one has to do is to trade on Coinbase's BCH/BTC market and discover how the trades execute instantly and you'll never have an account frozen for any amount of trading.
Not converting coins to dollars results in the least amount of trouble, and that's why I don't spend dollars anymore. You can buy anything, or a gift card to buy anything, at Purse.io. When buying something, I don't check how much the coins are worth.
You don't have to be doing anything wrong, and you can even have strict policies like our 1099 form noncompliance and zero-tolerance no drug discussion rule and still encounter problems like frozen accounts. There is a lot of money in coins that is being left there because, like me, the owners fear that they will be accused of wrongdoing and have to deal with months of customer service or civil law issues if they ever converted it to legacy currencies due to the misconceptions of many people. If the value of coins drops 90%, then they'll still have more money than the zero they would otherwise have, since there is no legitimate way to sell change large amounts of money to dollars. Note that the much smaller group of criminals who actually are involved in drugs also can't sell, contributing to this floor - money in ransomware wallets, for example, is unspendable because any transaction would lead to an immediate arrest.
This is also why the trite saying "it could all go to zero" is 100% incorrect. Coin prices have exactly zero probability of going to zero across the board. In fact, the idea that "only a few coins will survive" is also demonstrably false. Historically, only about 10% of the 793 coins we have ever offered for payouts have been delisted from all exchanges in the past five years.
Conclusion
How do these two forces work together? While traders buy and sell coins at various times, miners are probably the largest economic group that continually uses and exchanges in cryptocurrency. Mining accentuates the bubble cycle because the fixed costs result in more and more coins being sold as the bottom of each cycle approaches. At some point, however, a point is reached where the large number of people like me who have no other option of what to do with their coins provide a floor to prices. All the traders capitulate, but the group who has too much money to do anything else with it never sells. That reverses the cycle, and as soon as prices begin to rise, miners start selling fewer and fewer coins, accelerating the recovery.
It's impossible to fully understand the cycles without understanding that traders, while important, are only one group of people in a complex economy. The cycle is largely caused by miners, and the "coin-only" users provide a floor. Traders often panic that every drop is "the end," and discount that there is a floor because they lack understanding of the headaches associated with converting coins to dollars.
Finally, if you have doubt that coins will displace existing currencies some day, consider that banks are causing the transition themselves. Every day, more and more money gets caught up in coins because it is so difficult to exchange it in the old system. The floor of "can't sellers" grows higher and higher every day. Eventually, the number of people who have coins like this will grow so large that businesses will recognize the market to serve them is huge. The banks, far from trying to stop coins, are giving people no other option than to use them.
submitted by MattAbrams to BitcoinMarkets [link] [comments]

Attention All XYO Founding HODL'ers & Geo Hackers!

Good morning XYO HODL'ers and Geo Hackers!
It's Scott Scheper here from XYO. I'm writing this to you on a Sunday morning in San Diego, a little after 8am.
I've spent the past hour reading subreddits from my favorite blockchain platforms.
Like many of you, I imagine you have other holdings in cryptocurrency beyond XYO. If you do, then guess what? We are all in the same boat right now!
As I write this, the price of Ether is $431.39
That's pretty low.
I bought a big chunk of Ether for about half that price. But I've also bought a huge chunk of Ether at more than twice that price!
The entire market is down and bearish.
Why? There isn't a clear reason. The only thing that this means is that there's a little less euphoria in the air.
But a little less euphoria isn't a bad thing.
Euphoria is not the same thing as excitement.
Speaking for myself, my excitement in blockchain technology remains COMPLETELY unshaken. In fact, it is stronger than it was a year ago.
Why?
Because I know what's around the corner. And I'm excited about what's to come.
So as you bare this bear (market), I recommend you don't buy into the FUD that has a crazy way of spreading in such times.
I'll leave you with one piece of advice.
Actually, two:
First: I recently searched old newspapers for the early mentions of Bitcoin. I was looking for the first mentions of Bitcoin FUD. One of the earliest doomsday articles I came across was written by Wired Magazine. The title was, "THE RISE AND FALL OF BITCOIN."
To be fair, the article was pretty balanced. Yet the article's position furthered the negative outlook of Bitcoin at the time.
People felt Bitcoin was doomed because it had fallen from a then-all-time-high of $29.27 on June 11, 2011 to a much lower amount.
Wired Magazine published the article on November 23, 2011. At that time the price of Bitcoin was $6.53.
Many people read that article, and sold off their Bitcoin or stayed away from cryptocurrency.
But some people did the opposite.
They bought Bitcoin at that time.
If you purchased $500 worth at that time, you would have been sitting on $1,514,782.54 in December of last year.
Even if you still held it today at Bitcoin's current "low" price, you'd be sitting on $447,676.88 right now.
Fact is, we are in a wild, volatile, AND FUN, space right now!
And we are very, very early.
Too early, in fact.
So I'd recommend you ignore the hysteria out there. Ignore the FUD. In fact, now may be the time to double-down!
Second: We are VERY early in this blockchain/cryptocurrency space. The thing you should be thinking about more than price is this: Blockchain needs its SECOND Killer Dapp!
I say "Second" because paying someone using cryptocurrency is the first killer dapp. Sending someone payment via bank wire is a nightmare in comparison.
In fact, I can't recall the last time I sent someone a bank wire! Sending Ether is so much cheaper, faster and easier.
But fact is: Blockchain needs its second killer dapp beyond peer-to-peer payments. The next year will have at least one killer dapp. But more, even though there's an Ethereum or EOS developer out there somewhere primed to release the second killer dapp (be that in Poker, Video Games, entertainment, etc.), I'm making sure we don't leave it to chance. We at XYO are determined to build the second killer dapp ourselves.
World governments operate a $60 Billion+ GPS Monopoly.
We at XYO (with your help!) are determined to shake this up through blockchain technology. We're determined to create the world's first people-powered GPS. Technically, it's a people-powered location network (but "people-powered GPS" has a nice marketing ring to it). ;)
Anyways, let's wrap things up.
I don't know about you, but I'll be doing two things in this bear crypto market:
First, I'll be doing the exact opposite of what the FUD articles suggest. In fact, I'm doubling down!
And second, we at XYO are going to take things into our own hands and create the second Killer Blockchain Dapp. It's about time someone does something revolutionary in blockchain. I'm not anti-GPS, but I am anti-monopoly. And it's time we shake things up by decentralizing location!
In parting, get ready for a fun ride and don't fall into the FUD trap.
HODL!
If you're a Founding XYO HODL'er and member of our community, I'm honored to be here with you so early and in such wild times!
Press on and have a great day.
- Scott
submitted by scottscheper to XYONetwork [link] [comments]

How I fucked up and turned ~600 BTC into 200 BTC

Before I tell you how I fucked up, let me just say I am very aware of just how many newbie mistakes I made and how stupid I was. By all means, please feel free to laugh at my disgusting choices... the least my stupidity can do is serve as humor.
Back in May/June, I bought around 600 Bitcoin at around 2700 USD. I'll let you do the math on how much that cost me. But I believed in Bitcoin. The original plan was just to hold them forever. I was pretty convinced Bitcoin was going to go to $10K by 2018. Had I just left the Bitcoins in my wallet and done nothing, I would be pretty happy right now at $4000 per coin.
But no. I decided to try my hand at trading altcoins. I started off with Siacoin (this was back when there was hype around Siacoin).
Put in 10 bitcoins into Sia, at 450 satoshis... Next day, Siacoin went up to 600 satoshis. I was like "Cool, this is easy, I just made a couple thousand dollars in a day."
Next day I put in 20 Bitcoins into Antshares (now re-branded as NEO). Three days later, it went up as well. "Cool, I just made 10 grand in three days! All I have to do is buy altcoins low and sell high. So easy. As long as I HODL and don't sell in panic and just wait it out until it rises, everything should be fine."
You can guess where this story is heading... there's no happy endings here.
Basically, over the course of June, I invested pretty much ALL of my Bitcoins into alts, thinking they were going to keep going up and up. It was pure greed. Of course I should've just kept it in Bitcoin. Of course I should've done my research on some of these altcoins. Of course I should've not bought it at the very fucking peak before all the altcoins crashed.
Curious to see how badly I fucked up?
Here's a list = all the altcoins I bought, how much BTC I spent on them, and how much BTC they're worth now. Feel free to roast me, cause you could not get more stupid than this (especially putting that much money and faith into some of these altcoins).
Why didn't I put in any stop losses? Cause I was stupid. Why did I keep holding onto these coins despite the massive fall in value? Cause I believed they would eventually turn around.
Trust me, I ask myself every day how I could've made THIS many bad decisions at the same time.
I totally get you if you think I'm making up this story and how could anyone be stupid enough to spend 200 BTC on Siacoin. Pure greed. I thought Siacoin would keep going up, and I could make a quick profit.
The only mistake I haven't made is sold any of the coins at a loss. Even as I saw the altcoins go down, I convinced myself that all I needed to do was HODL.
I'm still holding. Still hoping that eventually some of these might go back up to the value they were before, and I can sell them off at break even.
Of course I'm tempted to sell them all. Take any BTC I can get for them. Maybe put it into NEO (that train already left though) or some other altcoin that I hope will blow up. But of course that too would be an impulsive mistake. I'm just scared shitless, so I hold. I've made every single mistake I could made, except selling at a loss.
"Just hold." everyone says. So I do. But the people who say "hold" usually didn't spend 600 BTC on altcoins and watched their portfolio go down to about 200 BTC.
By the way, I know that when you compare it to USD value, not all of these altcoins have dropped that much. But that's not what I look at. USD value is deceptive, cause BTC keeps going up.
What I care about is BTC value. I'd give anything to just have my 600 BTC back (which of course would now be worth way more than the $2700 per coin I spent on them).
I realize that the chances of these altcoins ever going back to the peak that we had in June / July are very slim... the more BTC keeps rising, the less satoshis each of these coins is worth. Trust me, I know how much I fucked up.
Anyway.... feel free to laugh at my stupidity.
I'm open to any suggestions as to what to do with my altcoins now, whether I should just sell them back and get ~200 BTC for them, or wait for some of these to turn around... I genuinely don't know how to make this any less of a fuck-up.
EDIT: To answer some questions that have popped up:
Some of you are having a hard time believing someone who has this type of money can lose it in such a stupid way. Earning money, keeping it, and growing it are different skills. I fucked up on the last two.
A few of you asked how I bought 600 Bitcoins all at once. I used an OTC called Genesis Trading. Minimum buy order is 25K. You negotiate a bid, then you wire them the money, and they send the BTC to your wallet.
I don't have any NEO. I sold it when it got to break even, and then it exploded to current levels. So not only did I fuck up by investing in alts that went down, the one single coin that went up, I sold before it exploded.
I will reply to comments — Right now I'm just catching up and reading everything that everyone posted and taking it all in.
Thank you to everyone who replied.
submitted by stupidfoolishwhale to CryptoCurrency [link] [comments]

Subreddit Stats: GoldandBlack top posts from 2016-08-01 to 2019-06-12 11:22 PDT

Period: 1044.74 days
Submissions Comments
Total 1000 55684
Rate (per day) 0.96 53.28
Unique Redditors 295 6531
Combined Score 220956 394481

Top Submitters' Top Submissions

  1. 29422 points, 125 submissions: MasterTeacher123
    1. Pentagon Spent $4.6 Million on Lobster Tail and Crab in One Month (594 points, 95 comments)
    2. The Battle Isn't Right vs. Left. It’s Statism vs. Individualism (511 points, 66 comments)
    3. Kamala Harris Hopes You'll Forget Her Record as a Drug Warrior and Draconian Prosecutor (484 points, 50 comments)
    4. After the Supreme Court Said Unions Can’t Force Non-Members to Pay Dues, Almost All of Them Stopped (445 points, 123 comments)
    5. Why the Hammer and Sickle Should Be Treated Like the Swastika (423 points, 56 comments)
    6. No One Is Coming to Rescue You—Especially Not a Presidential Candidate (416 points, 28 comments)
    7. AOC's Green New Deal Is a U.S. Version of Mao’s Disastrous Great Leap Forward (412 points, 82 comments)
    8. The Green New Deal Is a Trojan Horse for Socialism (410 points, 81 comments)
    9. Minimum Wage Hikes Are Killing Jobs in California's Poorest Communities, Study Says (408 points, 125 comments)
    10. Victims of Communism Day 2019 (402 points, 96 comments)
  2. 26598 points, 114 submissions: Anen-o-me
    1. Laws for thee but not for me! Cop destroys civilian property and flips off citizen, citizen flips him back and gets mobbed by cops (936 points, 308 comments)
    2. Capitalism's Evil Quest... (827 points, 77 comments)
    3. Free Assange (714 points, 77 comments)
    4. Another brutally honest comment on the US army post (630 points, 79 comments)
    5. Amazon will donate 2% of purchases to the charity of your choice at no cost to you. I chose the Ludwig Von Mises Institute, they received $3,500 in donations this quarter! Please use Smile.Amazon.com and choose a charity! (615 points, 150 comments)
    6. Assange has reportedly been arrested by British Police after a sudden and illegal termination of his asylum. Sad proof of the dark times for all supporters of freedom in the internet age :( (571 points, 198 comments)
    7. The perfect woman doesn't exis... (504 points, 52 comments)
    8. What most Americans have been indoctrinated to think. (493 points, 23 comments)
    9. TIL that farmers in USA are hacking their John Deere tractors with Ukrainian firmware, which seems to be the only way to actually own the machines and their software, rather than rent them for lifetime from John Deere. (478 points, 114 comments)
    10. Anarchapulco: Ron Paul takes the stage... (468 points, 37 comments)
  3. 17675 points, 81 submissions: Anenome5
    1. The Most Perfect Libertarian Meme I Ever Did See... "Unchecked People" (843 points, 45 comments)
    2. Spread this far and wide! (654 points, 146 comments)
    3. Colorado sheriff is willing to go to jail rather than enforce a proposed gun-seizing law... (644 points, 52 comments)
    4. Ocasio-Cortez falls for the Sweden Socialism meme: "I’m Going to Turn America into Another Sweden, Not Venezuela" --- the Swedish are constantly bemused by this, they're more capitalistic than the US is (613 points, 143 comments)
    5. Jury awards Sen. Rand Paul $580,000 in civil suit against neighbor who attacked him (577 points, 78 comments)
    6. Supreme Court poised to limit police power to seize property --- fucking finally (456 points, 44 comments)
    7. Ancap Flag Painting (439 points, 30 comments)
    8. Former Reddit CEO Pao: "Regulation will give them an excuse to take on people and their bad behavior." --- Regulation against hate speech would give companies cover to censor political opponents in a way that they wouldn't have to take personal responsibility for. The Gov forced them, they can say. (411 points, 80 comments)
    9. Chinese driver gets ticket for scratching his face because AI software thought he was using a cellphone :| (374 points, 27 comments)
    10. With Government Shut Down, Citizens Forced To Interfere In Their Own Lives (361 points, 16 comments)
  4. 12663 points, 67 submissions: JobDestroyer
    1. After Winning a $15 Minimum Wage, Fast Food Workers Now Battle Unfair Firings (590 points, 296 comments)
    2. TIL a Japanese sushi chain CEO majorly contributed to a drop in piracy off the Somalian coast by providing the pirates with training as tuna fishermen (546 points, 27 comments)
    3. Sign from protest against proposed "Red Flag" law in New Hampshire. (442 points, 71 comments)
    4. In 3 Years, Cops Have Killed 450% More Citizens Than 4 Decades of Mass Shootings COMBINED (348 points, 107 comments)
    5. Some Uganda libertarians just started a liberty library! (336 points, 30 comments)
    6. 3D-printed guns are back, and this time they are unstoppable (330 points, 73 comments)
    7. Venezuela Raises Minimum Wage 3,000% and Lots of Workers Get Fired (322 points, 38 comments)
    8. The effects of hyperinflation in Zimbabwe. (287 points, 21 comments)
    9. End the war in Afghanistan :: Rand Paul's AFGHAN Service Act would put an end to Afghanistan. (276 points, 40 comments)
    10. My husband, Rand Paul, and our family have suffered intimidation and threats (273 points, 74 comments)
  5. 4507 points, 26 submissions: properal
    1. Record Number of Americans Call Government Our Biggest Problem (486 points, 35 comments)
    2. Venezuela Isn’t Just a Failed State. It’s a Failure of Socialism. (350 points, 84 comments)
    3. 19 in 20 Americans Don't Know World Poverty is Falling | Chelsea Follett (339 points, 64 comments)
    4. /Economics/ discovers Property Rights as a solution to Climate change. (256 points, 63 comments)
    5. Why the Left Isn't Convinced by Your Economics Arguments | Ryan McMaken (197 points, 251 comments)
    6. FBI's "Suicide Letter" to Dr. Martin Luther King, Jr., and the Dangers of Unchecked Surveillance (185 points, 4 comments)
    7. Truth in Itemization (180 points, 21 comments)
    8. If Imports Were Truly Bad for an Economy, Military Blockades Would Not Exist (173 points, 60 comments)
    9. Ron Paul Receives Faithless Electoral Vote (168 points, 23 comments)
    10. First they came for... (164 points, 29 comments)
  6. 4310 points, 16 submissions: MrZer
    1. Guy gets jumped for disrespecting Stalin statue (570 points, 109 comments)
    2. Cop slaps phone out of teens hand and flips off teen. (519 points, 87 comments)
    3. Milton Friedman on Tariffs (363 points, 69 comments)
    4. Trump quietly signs largest wilderness preservation bill (354 points, 88 comments)
    5. Muslim youth group cleans up national parks amid government shutdown (Private individuals taking care of things, I thought only the State could handle this task) (307 points, 24 comments)
    6. I was optimistic about the French Protests... Until I read their demands (304 points, 175 comments)
    7. "imagine checks without taxes" Almost 100k likes on Twitter (292 points, 56 comments)
    8. PepsiCo sues 4 Indian farmers for $150,000 each for ‘infringing its rights’ by growing the potato variety used in its Lays chips (285 points, 72 comments)
    9. Yellow vests: Protesters in Paris set fire to dozens of cars in anger at millionaire Notre Dame donations - Demonstrators voice frustration at equivalent of £770m raised for cathedral while workers' demands remain unmet (277 points, 77 comments)
    10. Next Venezuela: Bolivia rolls out Universal Healthcare (240 points, 46 comments)
  7. 3703 points, 21 submissions: LibertyAboveALL
    1. Illinois may tax private retirement funds to pay public worker pensions (396 points, 103 comments)
    2. Voters in Switzerland approve stronger gun control laws by nearly two-thirds despite resistance (304 points, 155 comments)
    3. Mom Arrested For Leaving 8- and 9-Year-Olds Home Alone for Less Than an Hour (264 points, 69 comments)
    4. Bartender charged for serving man who allegedly went on to kill 8 people (259 points, 148 comments)
    5. The Insane Battle To Sabotage a New Apartment Building Explains San Francisco's Housing Crisis (193 points, 78 comments)
    6. U.S. Student Loan Debt Sets Record, Doubling Since Recession (175 points, 72 comments)
    7. Chinese teens are rejecting Communist Party propaganda and the government is freaking out (167 points, 29 comments)
    8. Julian Assange offers job to fired Google employee who wrote "anti-diversity" memo - "Censorship is for losers." (161 points, 50 comments)
    9. Ben Shapiro's view on Assange arrest is getting him roasted by many of his fans in the YT comment section. Hilarious! (159 points, 124 comments)
    10. Africans are being sold as slaves in Libya. Thanks, Hillary Clinton. (156 points, 22 comments)
  8. 2862 points, 10 submissions: vfhuuuuu
    1. "The welfare state is the oldest con game in the world. First you take people's money away quietly and then you give some of it back to them flamboyantly" - Thomas Sowell (613 points, 51 comments)
    2. Only about 21% of American millionaires have received any inheritance at all, with only 3% receiving over $1,000,000, study shows. (558 points, 99 comments)
    3. I basically just sat through 6 hours of statist propaganda (304 points, 113 comments)
    4. TIL that you're not required to wear a seat belt in New Hampshire if you're over 18 (304 points, 81 comments)
    5. Latinos are twice as likely to vote Libertarian than the general population (303 points, 130 comments)
    6. A Christmas Carol: A play about a greedy man becoming generous through social interaction, not state-sanctioned violence. (238 points, 30 comments)
    7. Last month, Washington DC raised taxes on Uber and Lyft to pay for it's shitty Metro system. To give you an idea of what this money will be used for; the city plans on spending $320 Million dollars to build ONE station. (162 points, 50 comments)
    8. In Bermuda, where Black and White people make roughly equal amounts of money, the IQ gap between races does not exist. (151 points, 193 comments)
    9. Just a quick reminder that the Republican party is just as anti-liberty as the Democrats, and "Libertarians" that support it should be ignored and downvoted. (117 points, 106 comments)
    10. Being a Gay Communist is as ironic as being a Jewish Neo-Nazi. (112 points, 65 comments)
  9. 2768 points, 7 submissions: LosFajitas
    1. When a capitalist tries to sell his product or service for the highest price they can get, they are seen as greedy. When a worker tries to sell their labor for the highest price they can get, they are seen as noble and deserving. (488 points, 138 comments)
    2. Liberals: We need to end the two party system! *Howard Schultz announces possible presidential run as an independent * Liberals: WOAAAHH THERE BUDDY SLOW DOWN! (444 points, 54 comments)
    3. I'm looking forward to the Democratic Primary because it's going to be one giant competition on who can give people the most free things. (408 points, 132 comments)
    4. It's no longer about revenue, taxes are now punitive measures. (400 points, 134 comments)
    5. "Judges Plead Guilty in Scheme to Jail Youths for Profit" oh but that can never happen in gov courts (358 points, 67 comments)
    6. Andrew Yang is one of the most arrogant people I have ever seen speak (355 points, 243 comments)
    7. Anyone else hate when people refer to a presidential candidate as "the person who will save this country" (315 points, 34 comments)
  10. 2264 points, 12 submissions: ayanamirs
    1. People Are Hiring Private Police Squads in Detroit (HBO) (375 points, 64 comments)
    2. Paul Krugman (Nobel 2008) (321 points, 52 comments)
    3. If you want #bitcoin to rise, teach Austrian Economics to people. (212 points, 167 comments)
    4. "A lot of people disagree with me, but I think people should be happy to pay taxes" < Obama to brazilians (210 points, 62 comments)
    5. Dutch national newspaper urges people to sell all their Bitcoins as it undermines the government, could destabilise the economy and reduces the power of central banks. Sounds like a reason to buy to me (192 points, 32 comments)
    6. US socialists can't deal against brazilians (167 points, 39 comments)
    7. Could someone please explain this? (161 points, 23 comments)
    8. Guns Law in Brazil is very restricted. 63880 deaths by year. (154 points, 27 comments)
    9. Look this answer (123 points, 134 comments)
    10. Congratulations To Bolivarian Socialism - Venezuela Now Has To Import Oil From The US (120 points, 18 comments)

Top Commenters

  1. JobDestroyer (7914 points, 897 comments)
  2. natermer (4011 points, 342 comments)
  3. Anen-o-me (3256 points, 535 comments)
  4. MasterTeacher123 (3201 points, 176 comments)
  5. Lemmiwinks99 (3185 points, 439 comments)
  6. E7ernal (2549 points, 472 comments)
  7. Anenome5 (2463 points, 430 comments)
  8. nosmokingbandit (2320 points, 174 comments)
  9. Perleflamme (2226 points, 634 comments)
  10. phaethon0 (2216 points, 144 comments)

Top Submissions

  1. Does that sound like a work of a journalist? by deleted (1064 points, 115 comments)
  2. Laws for thee but not for me! Cop destroys civilian property and flips off citizen, citizen flips him back and gets mobbed by cops by Anen-o-me (936 points, 308 comments)
  3. The Most Perfect Libertarian Meme I Ever Did See... "Unchecked People" by Anenome5 (843 points, 45 comments)
  4. Capitalism's Evil Quest... by Anen-o-me (827 points, 77 comments)
  5. Amazing way to not pay Taxes by ArbitraryOrder (794 points, 71 comments)
  6. Free Assange by Anen-o-me (714 points, 77 comments)
  7. Man who lives in massive palace surrounded by priceless art and catered to by staff of thousands asks if people really need so many material objects by TheJucheisLoose (690 points, 75 comments)
  8. His name was Gary Webb. by TrainingWeekend (675 points, 66 comments)
  9. Presented without comment by newimprovement (658 points, 152 comments)
  10. Spread this far and wide! by Anenome5 (654 points, 146 comments)

Top Comments

  1. 284 points: BakeshopNewb's comment in Officers Had No Duty to Protect Students in Parkland Massacre, Judge Rules
  2. 272 points: locolarue's comment in I was optimistic about the French Protests... Until I read their demands
  3. 268 points: Glothr's comment in Spread this far and wide!
  4. 247 points: hairguythrowaway4171's comment in Lawmakers in Hawaii Propose Repealing Second Amendment
  5. 245 points: kurwacudownie's comment in Cop slaps phone out of teens hand and flips off teen.
  6. 240 points: properal's comment in Were doomed: "Alexandria Ocasio-Cortez's 70% tax on the super-rich is more popular than Trump's tax cuts, new poll shows" --- democracy sucks.
  7. 239 points: MizchiefKilz's comment in Americans Continue to Flee to Low-Tax States
  8. 235 points: TheKleen's comment in Don’t Lower the Voting Age, Raise It
  9. 231 points: Boltrag's comment in After Winning a $15 Minimum Wage, Fast Food Workers Now Battle Unfair Firings
  10. 229 points: MarshmellowPotatoPie's comment in Does that sound like a work of a journalist?
Generated with BBoe's Subreddit Stats
submitted by subreddit_stats to subreddit_stats [link] [comments]

My PM convos with u/cicividivici

She always gave such amazing advice and contributed a lot to the old sub. She abruptly deleted her account around last summer and nobody knows why. Hopefully she'll come back again. And before you read on, keep in mind that this whole pm thread takes place over the span of a few months.
Subject: Quick question
[–]to [deleted] sent 1 year ago Now that I did that Mirror Method a couple days ago, do I continue to try to let go of this reality and perceive the new one or do I just completely forget that I did and let it come to me? I know you said that time doesn't exist but for some reason I have a feeling that "I need to hurry up".
[–]from [deleted] sent 1 year ago Whatever bursts of energy you feel or sensations of quickening, roll with it as in let your world unravel in its own way but focus on that ideal and not the reality. You have one foot in the old and one in the new. The operative word is "try" which sometimes can be a resistance. See and be in your world as it is desired. See nothing else except that.
[–]to [deleted] sent 1 year ago I have been feeling some strange sensations actually. Alright, I think I got it. Thank you
[–]from [deleted] sent 1 year ago How's the shifting?
[–]to [deleted] sent 1 year ago Unfortunately nothing still. I've been trying to forget thinking that it's a part of the process.
[–]from [deleted] sent 1 year ago In your mind, see your idealized self/reflection and walk through that reflection.
[–]to [deleted] sent 1 year ago Alright, I'll do that right now. If I don't reply to you in the morning, I guess that means it worked
[–]to [deleted] sent 1 year ago Nope. Alright, I think I know what the problem is.
[–]from [deleted] sent 1 year ago What?
[–]to [deleted] sent 1 year ago I think it has to do with my OCD. I keep on having these intrusive thoughts: if I can manifest anything just with a single thought, if I think of bad things those will also come true. So just about everything is making me afraid. One day I watched a horror movie and I'm still worried that somehow the killer could manifest. So I've just been afraid to "let go" because I could manifest one of my crazy thoughts.
[–]from [deleted] sent 1 year ago lol I've been there. I don't mean to laugh but actually resisting it is still a thought. Fearing it and saying "ok I won't think about it," is thinking about it. Approach the murderers and killers face to face. Then laugh in their faces. Give them your arm, let the chop it off and laugh. It's like a dream of falling. Right before impact, you wake up. I've pushed myself to impacting and I just wake up somewhere else in another dream. When you address the negative thoughts and walk right up to them and say, " I know you're not fucking real." They will run and backpedal because the thoughts and images in your mind know you've realized your power and are terrified of the machinations of your newfound power and it's ability to desecrate them. There's no negative--just your interpretation of it being so. It helps to balance your perception out. "As I walk through the valleys of shadow of death, I fear no evil for thou art with me." Death is a SHADOW. Like the reflections of branches of trees on your wall at night that look like monsters, they're illusions. "Thou" is the God within you that creates and commands all simply with thought. You can slay with a single thought. Close your eyes and see it.
[–]from [deleted] sent 1 year ago this is a good reminder to play in your background when in doubt. a lot of his lectures are very good refreshers and very visceral in some of them: https://www.youtube.com/watch?v=snGqjl38vVI
[–]to [deleted] sent 1 year ago Nothing can ever beat good Old Neville. Thank you once again. I'll let this sink in for a while.
[–]to [deleted] sent 1 year ago Another thing is that there's so many problems to fix that it's overwhelming. I'm trying to do damage control while at the same time there's problems that are coming my way. I know this is an illusion, but at the same time I'm still going to face consequences if I can't jump. You think jumping for a clear mind will work or something?
[–]from [deleted] sent 1 year ago You're thinking in conditionals before x, I must do/think y and thereby because I have all these steps to do on a mental plane, I'm never gonna get there because I'm blocking myself. *No. You're looking down a tunnel. From the point here • is you in this dimension and you see the dimension you desire. But you're looking at all the spaces and things and webs you have to crawl through (your mind, your blocks, etc) and you think you can't make it. The tunnel in your mind: Now •==============• Dimension B How you should try to think of it is: Compression. Bypass all those steps to where Now just melts into B. Now •|• B By acknowledging your blocks and illusions and not walking by and through them, you're creating more of them because you're so focused on the process. You're at the sliding doors of B but you're focused on if the mechanics of the door and your bodily matter and your speed will allow you to get through the door, and you're freaking out cause you don't want to lose your body and what if passing through the door steals your soul or what if you walk through and the door refuses to open, etc... when all you have to do is just walk through. Forget right here with every fiber of your being. And keep walking through and trust that you've made it. You're already there honestly.
[–]to [deleted] sent 1 year ago Haha, you don't even know how much that example sounds like me. Thank you.
[–]from [deleted] sent 1 year ago I've been you. Happy to help.🙏
[–]to [deleted] sent 1 year ago Hey, I've been taking some time for myself to figure things out. But I figured out that my life is pretty much an interconnected web of shit. There's no way I'm going to be able to fix every detail with "smaller" jumps and have to wait weeks to months for that one thing because that would take years. Do you think that it would be a better idea to just go for a "big" jump for a better life? I know it sounds vague, but I'm thinking of keeping some key things in mind that's making my life worse and just jumping to a reality where it doesn't effect me. I understand you've been really successful in making your life better through DJ, so what do you think of this?
[–]from [deleted] sent 1 year ago It's an interconnection of what you are trying to believe as true and what you've cemented as true. It comes off looking like shit because it's nonsensical to your ultimate intent and goal. Right now, it seems, you're trying to unravel knots within tangled cords and wires and the more you try to jump, it appears, you make new knots for yourself perhaps? I have found that big jumps, like manifesting events, are always ideal next to the smaller ones for some people, but with that, you must accept that the smaller things will come as they may. Fixating on the smaller things become moot when you see the results of the larger jumps and how they alter and oftentimes fix the smaller jumps you thought mattered so much. When you make the big jump, you have to abandon yourself "here" and completely merge, mentally and emotionally with yourself in desired space. If you've ever smoked weed or even a cigarette, that lightness and just floating sensation is similar to how you make it feel. You let go entirely of HOW it will turn out, you just go there. "Operating at high tension, an imaginal act is an immediate objective fact. Key it low, an imaginal act is realized in a time process." Hold the vibration of that desire.
[–]to [deleted] sent 1 year ago Thank you. So you're saying to make the jump, hold the vibration, and to not focus on the smaller problems?
[–]from [deleted] sent 1 year ago Live in the outcome of the jump. You're fast forwarding through the scenes you are in now to THE END of this play. The smaller stuff you're getting hooked on are props and lines within the acts of your play. The little stuff that you're focused on is creating conditionals. You need B to get to C. No you don't. Just get to Z. Zoom through it. The letters in between don't matter.
[–]from [deleted] sent 1 year ago Here's an example, if I am jumping right now to a space where a former partner pays me, the scene is this: We are sitting across from one another, and he apologize profusely for the delay. I hear and see the words, "Cheech, I'm so sorry for everything and this is long overdue," with sorrow at his misdeed but relief at having the opportunity to finally right the indiscretion. He has salt and pepper hair, and a white shirt on. He's a bit sweaty because he's nervous and he gets sweaty quite often. There's a knack of defiance because he knew that I doubted him but he's proud of himself to prove everyone wrong. The vibrations of his words coming from his lips tickle my ear a bit, as he reveals the certified check of seven-digits. "Cheech, check your email as well" he haughtily utters, "I've added a little more for you through bitcoin." I look at him without saying a word and take out my phone, and check my email. Surely enough Coinbase has informed me that I have BTC in my account, the value also in seven digits. I look back at him as he doesn't break his fixed gaze on me, observing my facial movements so as to gauge my reaction. I feel goosebumps because the moment is surreal but one that I had always known was inevitable. I am overcome with gratitude but I conceal it well with a balanced composure. With my legs crossed, and my hands cupped together, placed gently on my lap, I look at him directly in the eyes and say "Thank you Scott." I feel the wooden seat beneath me, the darkened dining hall we are in and the sun beaming in from the periphery windows. The weight of worry, anger, resentment, hatred, fear instantly evaporate from my entire being and I am overcome with absolute relief, happiness and an unbounded feeling of being limitless. I'm almost dizzy with excitement and elation. I tell him thank you again and apologize for the acrimony and vitriol we spewed at each other over the years, "You're still picking up the bill," I respond with coy snark. He laughs and I proceed to order and Irish coffee as he smiles. I've decided to loosen up a bit. Get all the way into the scene you desire to live and feel. And then replay it over and over, feel EVERY element.
[–]to [deleted] sent 1 year ago Well, I was thinking of a past altering jump rather than a manifestation, but I'm sure it can apply to both. On the other hand though, after all these months, I realized that I don't have to change the past to achieve my main goal. I just have to let go of the past. I appreciate the advice and the example, I know the perfect thing to use this on.
[–]to [deleted] sent 1 year ago Actually, could I jump to have never met somebody?
[–]from [deleted] sent 1 year ago Addressing your last question in this one as well. Because the past is a major source of inspiration for you, REVISE the pivotal choice or choices you made. Like editing a film, insert yourself into that space and time and play it out visually how you would have wanted it to go and feel it with every orifice of your body. This will not only help you let it go but override the sentiments that have been lingering in regards to what you wished happened. Feeling it, walking through it and speaking the words you would have liked to speak actually brings out some gnarly results if you can make it real in your sentient experience. Re: your question, "Actually, could I jump to have never met somebody?" Yes but if you hold any negative emotion towards them, it's harder. Go back to the space where you met them, and meet someone else in that space, OR go to where you met them and rejected the encounter (mentally and verbally, cutting the convo short, leaving a party, etc) and carried on with your day. Take an entirely new trajectory.
[–]to [deleted] sent 1 year ago Like the "cutting shears of revision" story by Neville? I never really thought of trying it on something bigger like to this, awesome. Sorry for the all over the place questions, by the way. I've just been really confused lately. Like I've studied all of this stuff for months, I've talked with George himself, read almost every post, done tons of reading, but when it comes to actually applying the knowledge to improve my life, my brain just goes dead. It's crazy.
[–]from [deleted] sent 1 year ago Yes, pruning your garden is one way to look at it. Neville's way it quite good cause it enables you to undo what looks finale. There's no finality in your world, just revisions. This is a good one by him: https://www.youtube.com/watch?v=YccI-t1yojk No worries about feeling scattered. It's normal. You just have to compress all the things that seem pressing, impossible and just overwhelming. You have the mute button. Studying is one thing, but the application can be the trickiest. I do a full system wipe for myself to get to my goal. It autocompletes based on the elements you seek most. But nothing you truly want or love ever leaves, so hold no fear of that. But I feel like you need a complete reset but that you trust can be so.
[–]to [deleted] sent 1 year ago Mute button? And what do you mean by complete reset?
[–]from [deleted] sent 1 year ago Project your life on a screen right now. What do you see? Mute it and just watch everything pass--all that you love, hate, that which leaves you indifferent. What would you change? My hunch is a lot. In your case, if you could shut the television off and tune to a different channel that's your life, which elements would you keep? What does the background of the show within the channel look like? Mute the elements you're done with and focus on that the few you would keep. Paint the new scene.
[–]to [deleted] sent 1 year ago Hmm, that's interesting. Just go over my whole entire life like that?
[–]from [deleted] sent 1 year ago No. Your life right now.
[-]to [deleted] sent 1 year ago Alright, from there I just keep that frequency?
[-]from [deleted] sent 1 year ago Yes
[-]to [deleted] sent 1 year ago Thank you, I'll update you.
[-]to [deleted] sent 1 year ago Well, I've basically dreamed out the perfect life I wish I had experienced the past couple years. Would it help to put a label on it and/or jump for it?
[-]from [deleted] sent 1 year ago Follow your intuition but whatever helps you attach to that image and feel the experience, you should but after the process, let it go.
[-]to [deleted] sent 1 year ago Alright, appreciate it!
[-]to [deleted] sent 1 year ago I said I'd up update you. So a couple days ago I decided to do the two cups on my desired past/present after mastering letting go. I haven't seen any changes yet, but my manifesting skills have improved tons. Everything I manifest comes true almost instantly, which is awesome. Still waiting on the main jump though.
[-]from [deleted] sent 1 year ago It's amazing isn't it? I've actually been inundated with messages but I always look out for my regulars like you and it's actually dope to hear some of you are keeping with it. Hindsight is 20/20 and you'll soon hit a point where you'll get why you had blocks. Your major jump will work seamlessly and as you practice with the smaller stuff, you'll find you slipped into the major one without realizing it.
Remember, every perceived block is just a call to keep pushing. The instantaneity will be your norm. And it's endlessly reassuring. You'll also be teaching this to others with great ease.
No matter what, even if you're encircled by fire, your mind is your magic wand.
Keep me posted.
[-]to [deleted] sent 1 year ago I sort of understand why I have the blocks, it just kind of sucks right now. And it's funny what you said about the fire, because I still don't feel like I can rely on it. The main thing I jumped for seemed to have gotten worse somehow about two days ago and I felt really helpless. It got pretty bad to the point where I thought that I'd rather die than have the jump not work, and the moment I thought that (I know this sounds crazy) it's like my heart threatened to stop itself. Sort of like that experience I told you about way back. I just find it weird that I'd be able to manifest my death instantly, but not a better way out.
Will definitely do.
[-]from [deleted] sent 1 year ago You're able to manifest death instantly because it was a fact you were so certain of--death was better than non-completion of the jump, and you let go without hesitation because you had a deep certitude. See how it works? Take that certainty you felt so deeply that your heart gave you that actual option of stopping right then and there and transmute that feeling into the jump. Remember that certainty and what you did when presented with it. Use that sensation and sudden surge to cross seamlessly into your desired state/dimension.
Sometimes it has to get bad before it gets better and then from there you truly do rocket through so many layers. You just have to build that momentum, which it seems like you're really doing now.
[-]from [deleted] sent 1 year ago BTW, you'll never die. You're immortal. You'll just keep coming back until you "get it" or master that you're always in control in every single aspect of your beingness.
But the way you stated that you'd rather die and that was an absolute fact to you, your heart threatened to stop. Use that concept of "it's a fact that I'd rather die" and replace it with, "It's a fact that I am _____________" [say the place, person, thing, state, sensation you seek]. MIMIC that feeling of it being an absolute, uncontested certainty that you feel and know in every part of your heart and soul.
[-]to [deleted] sent 1 year ago Would I come back as a different body though? It'd really suck to lose all the progress I've made so far and not remember.
And does it help to be emotional about it? Because I was on the verge of tears while thinking that.
[-]from [deleted] sent 1 year ago If you're emotional about it, then don't dabble with it. You're attached to the body and the concept of yourself still in this body. Ideally, you'd phase into a specific spot in the loop of your existence and replay the part you'd like, oftentimes not even remembering you died. It takes great detachment from the concept of your body, great control and trust in yourself to navigate it.
Work through the grief and fear. Ask yourself why you feel this way and recognize all the constructs you have that's causing you to feel this way are illusions.
[-]to [deleted] sent 1 year ago So like "The Discovery"? And sorry for the wait. I actually had an asthma attack and had to go to the hospital, ironically.
And I'll try my best to investigate, I'll tell you what I find.
[-]from [deleted] sent 1 year ago Very similar to the Discovery. The only reason he was able to see all the times he died was because he made the conscious decision to go there by entering his father's machine. After rejecting it for years, he said fuck it after Ayla died. And through that free will of choice and choosing to explore "death," he was able to see an entirely different perspective of what it really means.
So you're exploring it and even your asthma attack is an extension of that too--you're on the precipice of leaping/you already have leaped and the fear of the unknown biologically grips you. It's a normal reaction because we've all been conditioned to fear death. Humans are leveling up right now but the growing pains are difficult for many.
[-]to [deleted] sent 1 year ago I mean, I don't think I fear death that much, I just don't like the pain that usually comes with it. I've almost died a couple times, but the last time I was hospitalized for asthma, and I was so close to dying. I mean, I just couldn't breathe. Imagine breathing through a coffee stirrer for hours straight and it even hurting while doing so. It was a very scary experience.
But as for what's keeping me from jumping, I'm clueless. I don't know if I told you why I'm jumping, but my life is a mess: I've always been a good kid, thinking of the consequences to actions and whatnot, I dunno what happened. About two years ago I started spending so much time on Reddit and not making good choices, I met some bad people, I sexted (even though I was underaged), and spent so much time that my school average took a dive, and I barely talked to my family anymore. My mom took my phone and pretty much made my life hell for about a year, and still doesn't see me the same (nobody does, really). I never had much of a good family anyway, now that's down the drain, I've been doing better in school, but I don't think I can get back to where I was, my social life is shit (my mom is to blame here), and I forgot to add I've actually been catfished and emotionally abused here that still kinda hurts to think about.
My jump will basically be an alternate reality where none of those things ever happened. Although, I don't know what's stopping me. I realize these are just experiences and I can choose a different one if I desired. And I realize I'm the sole creater of this reality (well, me-as-awareness), and I've even manifested people to straight up tell me that they're not real. I understand I have to be patient, I just don't get what's taking so long.
[-]from [deleted] sent 1 year ago So you have to revamp the way the you think. Key phrases, "I don't like the pain that usually comes with it?"
Says who? Who says there's pain? How do you know there's pain? Have you died yet? You have preconceived notions about death already that cement you in that space. You haven't reclaimed your mind. Death is anything you'd like it to be. Whatever you expect is EXACTLY what it will be, so start at the root of it and change the way you think or what you expect. Believe you can or you can't, you're right either way. Death for me is a jump, a shift, or worse, a fucking loop back into the same space where I know intuitively I have to choose differently.
When you catch yourself panicking and being engulfed in fear that this is it, stop yourself, stop time and remind yourself this isn't real. I've choked several times, twice in front of people and stopped them from pumping me and just pumped myself till the lodged food and pill came out.
"But as for jumping, I'm clueless."
You're not clueless. You're just bound by limited thoughts and experiences and the eagerness to get out leaves your energy centered in the rejection of the current state rather than the insertion and immersion into the desired state. They both have the same power but the attention to which you pay to either is the one that decides. If you can manage to literally ignore your entire world now and remember it as a dream, you can shift the ENTIRE image rather than the little things that you believe need fixing--from the drama with your mom, your friends, being catfished, etc. You need a complete override where your entire setting changes. How old are you? You literally have to let every single facet of that go.
Read the book, "There are no others" on Amazon. It's 37 pages. It's quick but a solid reminder that if there are no others, then this is ALL you.
[-]to [deleted] sent 1 year ago Funny, because Egyptians actually believed that about death. I'm not so sure what's bad about knowing you died though. You describe it like going respawning back at your last checkpoint like a game, right? But you're right, there's nothing that I should fear.
And you mean let go of everything including my age, or you were legitimately asking?
I'll check out the book though.
[-]from [deleted] sent 1 year ago There's nothing bad about knowing you died but coming back to a checkpoint you want to surpass or transcend could be like where you are now... can feel like Groundhog Day. You keep looping and any choice you make, shift you take keeps you in the same repetitive cycle and you don't know which is the beginning nor the end or even how you got there.
Do you know that you're at a checkpoint you keep repeating? Death just keeps bringing you back until you choose differently...or in my case...I didn't choose at all.
Pay attention. "Déjà vu" is a hint you've been there before and there's been a shift. Always do the opposite of what you'd normally do and if caught in the binary...do nothing. Let go. That's the best way to crack the illusion.
[-]to [deleted] sent 1 year ago Ah, I understand now. So how do you avoid it?
And about what you previously said. It's hard to not focus on my undesired reality since it's always in my face. I try my best to just avoid it, and not pay attention when bad experiences arise, but lately I find myself just stuck in exactly what I'm trying to avoid.
[-]from [deleted] sent 1 year ago Self-abandonment. I never get attached to the space I'm in or the reality I'm in unless I want to. I see myself as a floating being who can shift from any moment to the other--that allows me to let go. Whatever is in my face can easily be effaced and erased. And upon starting that, it is.
[-]to [deleted] sent 1 year ago Ironically, the person who catfished me messaged me right before you did and deleted the account. Talk about burning fire, eh? I haven't heard anything about them since February and I've been praying it stayed that way.
So should I get away from Reddit and stop talking to people for some time? I felt like I've been meditating all night on the new reality, should I continue that as well?
[-]from [deleted] sent 1 year ago So what you're witnessing is manifestations happening immediately. Having spoken about the catfisher yesterday in your messages to me and probably having a visceral conscious or subconscious reaction/remembering that trauma literally manifested their phantom back into your mindspace and now your "live" space.
You met them on reddit?
I've actually been contemplating holding a meditation/visualization session for a few of my regulars where we meditate in tandem--not on the same thing but knowing you have a partner who is co-creating with you even if it isn't about the same thing I have found to be very helpful. Yes, ideally if you can isolate yourself for a prolonged period of time, even for a day, renders amazing results because it's focused and then you let go with ease because you've experienced it for a very long period of time.
[-]to [deleted] sent 1 year ago That sounds about correct, and yes I did meet them here. Surprisingly there's a dark side of Reddit.
And I like the sound of that, I've thought about that idea before. I'll also try to isolate myself again sometime soon.
[-]from [deleted] sent 1 year ago Reddit can be a shithole of dark people eager to spread their own misery and unhappiness but it forces one to also check one's inner voices and doubts because this a perfect spectrum for that. It's a literal mirror for me.
A day of isolation and visualization can render unbelievable results honestly. I do it remotely with people. It can be super trippy.
I'm gonna ask you a question. Don't think about it. Just answer the first thing that comes to your mind after I've posed it.
What color pops into your head right now?
Don't think. Just answer. Don't change the color you see and feel. Just answe.
What color do you see? Feel? Read across your eyes?
[-]to [deleted] sent 1 year ago Well fuck, if that's the case I guess there's a lot I need to change about myself.
But as for the isolation, I'll definitely try that this weekend. I'll be leaving for this summer as well, so there's that.
I'm gonna go with teal...?
[-]from [deleted] sent 1 year ago No, just catch and pass through the things you think. Deal with it as it comes rather than trying to revamp your entire self. Just watch your thoughts and pay attention to how it's reflected in your external world.
Isolation is invaluable, but also know that it's normal to get distracted midway, want to move around or completely "take a break," or not do it at all. The way you can watch TV with your eyes, watch the TV of your life and visualizations in your mind. Live it, feel it, immerse yourself in it until you have no desire to change the channel because it is real and self-directed
The color was green. Very close. I sometimes pulse images, words and thoughts to people I chat with on here, just to see how open they are.
[-]to [deleted] sent 1 year ago I suppose you are right, it's a direct reflection of my thoughts. But again, it just continues to rise in my experience, which I don't want. I'm still working on a detachment.
I definitely will do this. When should we try the meditation?
That's interesting, does it work often?
[-]from [deleted] sent 1 year ago Just reading this. We can try whenever you want, but key things have to be defined for you so I know best how to form it and phrase it so you hold that image and intent firmly in your mind.
[-]to [deleted] sent 1 year ago Oops, just read this as well. I guess I could do it on Monday, I need a day to figure things out.
[-]to [deleted] sent 1 year ago Well, that day for myself was nice. I think I've got the idea in my head of the reality I want to experience. I went over some particularly bad situations and played new memories over them and I now have an overall idea of how I feel in my desired reality. Another thing I've been trying to get the hang of is the idea that that reality does exist and that I can experience it, because for the most part it feels like fiction.
[-]from [deleted] sent 1 year ago Another thing I've been trying to get the hang of is the idea that that reality does exist and that I can experience it, because for the most part it feels like fiction
It feels like fiction because in this point in time, we are stuck in a temporal loop. I woke up this morning and discovered something that I had effaced weeks ago, intentionally and clearly. It reemerged again, exactly in the same spot of a picture reel I had. So you're not going crazy but there is an entanglement of sorts taking place. I am one of the clearest jumpers I know and there have been many alterations to the collective timeline of humanity IF you abide by their matrix. I slip in out of theirs and mine. This is why I always say manipulate time or yourself.
But the feeling that it's fiction isn't false. You went from asleep to awake and the whole point of this matrix is to keep you asleep. Keep pushing and altering. But this morning was definitely a wake-up call for me.
[-]to [deleted] sent 1 year ago Well, I decided to do the two cups yesterday. From "problematic" - "escape" because honestly, that's what I need right now. I conjured a really good image after doing that TV exercise, which is really hard for me and just did the ritual. I'm really hoping it works this time because I've done this countless times with no effects. It might be the lack of faith, I don't know. I just want this so bad, and the thought of not being able to escape my shitty situation is something I fear.
Something different I'm doing though is getting back into LoA. I honestly abandoned it for a while once I found out about DJ. I need to work on the long term after I do my jump. Because for months I've been thinking "I need to jump to this alternate reality if I want to continue with my life" and all I've been thinking about since February (sorry for changing the topic, but holy shit February was never spelled that way for me... That's crazy) is this one jump. This is a big time in my life as well, I'm graduating soon and I need to think about my future. But I've just been here only thinking about this barrier and how I can jump to get past it, that can't be healthy.
[-]from [deleted] sent 1 year ago LOA and Dimensional jumping are the same. LOA is compartmentalized frequently. DJ is world shifting.
Your future is your NOW. The more you think of the barrier, the more you cement it. Observation/thought is creative so you're just creating it more. Remember what your energy is.
[-]to [deleted] sent 1 year ago It's been working, and I've learned tons more about reality since a last spoke. Everything I've learned has sort of finally clicked after I watched this video over and over again.
[-]from [deleted] sent 1 year ago This is some of the best news I've heard. You made my day.
I've watched this video. It's amazing. I feel like we've talked about this before, no?
[-]to [deleted] sent 1 year ago Haha, glad to hear it.
Yeah, but I found that every time I watched it, I got something new out of it. Such as allowing my barriers to work to my favor.
[-]from [deleted] sent 1 year ago Welcome to the club.
[-]to [deleted] sent 1 year ago Yeah, my life has been improving tremendously so far. Instantaneous manifestations. Nothing on the main situation yet, but hopefully soon.
[-]from [deleted] sent 1 year ago I've been watching the universal line and the recent 3 minute video on money manifestations. The definition changes every time I view it.
[-]to [deleted] sent 1 year ago Nice to hear from you. Yeah, I saw that video as well. If I forget something, I watch that to refresh the info. I wasn't kidding about finding something new every time. Hope you had a great July 4th!
[-]to [deleted] sent 1 year ago Hey, do you have any advice on manifesting faster? I remember what you said about redefining time and that it should be like a projector, but I might be struggling with that.
[-]from [deleted] sent 1 year ago Letting go. Set it and forget it. I wish I had better or more visceral advice other than setting and trusting the process with every iota and fiber of your being like you trust that air fills your lungs.
[-]to [deleted] sent 1 year ago Thank you. I'm going to be taking a break from Reddit for a few weeks, so hopefully that will make the process a bit easier.
[-]from [deleted] sent 1 year ago Just had another redditor message me about the negativity and denial of the jumps on the board too. I told her it's nothing that should discourage her rather its people still trying to find their stamina but also who are also unwilling to do the mental work to push through blocks and seek to inundate the board with their negativity.
If this is your experience too, remember this is your subconscious testing you. Watch it, read it and e lad that mindset isn't you. Walk right through it, wish them well and keep remembering all those times you manifested with amazing ease.
[-]to [deleted] sent 1 year ago I sort of needed to hear that, thank you. I'm trying to have complete faith in my jump, but I've never really been good in having faith in anything so it's been tough. A few days ago I felt like giving up completely, but I pushed trough that. I keep on feeling that by having any sort of doubt, it gets rid of all the progress I put in, that's something they teach a lot in the occult that stuck with me.
[-]from [deleted] sent 1 year ago It doesn't get rid of it but it interferes with the smoothness of the manifestation and delays it but it's a normal process and expected. Usually when it all seems to be going south, it's a sign it's going north.
The lull phase is worse than anything. Purgatory is the true he'll. But keep pushing. 🙏
Even when you do give up, you never forget what you know so you always come back and the progress isn't undone. You're the teacher and the student at once.
The paradox of life. You always decide.
[-]to [deleted] sent 1 year ago Funny thing, I'm reading the second book of the Divine Comedy, "Purgatorio." I really appreciate your advice!
[-]from [deleted] sent 1 year ago Synchronicities abound today. We all mirrors of each other.
[-]to [deleted] sent 1 year ago Yeah, I can really see that.
And I'm not sure where these messages fit in the convo, Reddit always messes up and puts stuff in the bottom for some reason
[-]to [deleted] sent 1 year ago Well, I probably won't be on here for a few days, and see where the isolation and my intuition takes me. But when you told me to "think bigger" and not jump specifically for the smaller problems, that struck a chord with me. Now I guess I'm back to square one again, figuring out what to jump for. Sorry for being a mess, I can't imagine anyone has taken this long to jump. I'll update you soon.
[–]from [deleted] sent 1 year ago Think bigger in that the possibilities and ways in which it could manifest. If you're stuck on it happening a certain way, you're limiting the endless possibilities in which it could happen.
Say I want seaweed. By stating it, I don't care how it manifests in my lap instantly, I just know it just does. A couple minutes later I may get some random cash and suddenly while I'm at the market, I pick some up or a neighbor I run into while throwing my trash out says, "hey I have some extra seaweed. Want it?"
For instance, I want to date one particular guy I met on Friday. I've stated it to the universe that Dmitry from my cobbler's shop is my boyfriend here and now. I don't worry how the particularities align for us to reconvene or meet again, but without much thought/focus/attention it will manifest.
Forget the how. Just let it happen.
[-]to [deleted] sent 1 year ago I'm not having a problem with that, because I can't imagine I could be picky in my situation. I'd probably just wake up and find myself in a different reality. I guess my issue is believing my past can be changed. It's a really deep thought that I cannot. I've made really bad mistakes and I'm still living with those consequences. It's hard to imagine an alternate reality where they don't exist. But I'm organizing my thoughts now so I can do that TV exercise you explained, so here goes.
submitted by CorvoTheBlazerAttano to DimensionalShifting [link] [comments]

"Be fearful when others are greedy." A small reminder to stay sane at these heights.

"Be fearful when others are greedy. Be greedy when others are fearful". Warren Buffet warned us about human psychology driving markets. Isn't it hard to turn some of your profits into cash when Bitcoin keeps rising to all time highs? Aren't you afraid to miss out if you sell some of your precious coins right now? Of course! You are wired that way. It's all psychology.
Now don't get me wrong, this is not a sell advise. I'm in Bitcoin myself and I completely agree on the potential of Bitcoin and the bankruptcy of fiat currency. Bitcoin price might keep blasting up to heaven the upcoming months. But in the extreme financial turbulence we live in today, where central banks are printing money like crazy, do pay attention that bubbles might come into existence anywhere. Cryptocoin total market cap grew exponentially. Now you probably will say something like: "Yes, but everyone is realizing the potential of Bitcoin." Ofcourse! but do stay wary. You might be trying to rationalize your risky behaviour, telling yourself that its price will keep on going higher and higher without limit. It's common human psychology. It's what happened just before the dot com bubble started to burst.
I know you don't want me to say these things while you're high on dopamine. It's like you're on the dance floor in the club in a great atmosphere when your friends ask you to join them to go home. Now I'm a bit different. I want you to keep on dancing. I'm just telling you not to drink TOO much.
All I'm saying is: try to stay sane in markets like these. Would you be willing to loose a large portion of your profits? Or would you rather cash in some of your profits and use those to balance your wealth and spread it over several assets? The last few months lots of portfolios saw a growing dominance of net worth in cryptocurrency. Enjoy these heights, spread your chances a bit while you are earning bigtime. Just don't fall too fast. Happy trading!
submitted by Ekua to Bitcoin [link] [comments]

Daily analysis of cryptocurrencies 20190908(Market index 43 — Fear state)

Daily analysis of cryptocurrencies 20190908(Market index 43 — Fear state)

https://preview.redd.it/b3fynnsawrl31.png?width=450&format=png&auto=webp&s=1e138f62c093eee2799420d5a563d7b6d190aa9c

Chinese Ambassador to Kazakhstan Zhang Wei: China and Kazakhstan have broad prospects for cooperation in technical fields such as blockchain According to Chinanews.com news on September 8th, Chinese Ambassador to Kazakhstan Zhang Wei said in the joint interview with more than ten media outlets such as Habar TV in the Sudan on the eve of Kazakh President Tokayev’s visit to Tokaye. President Hu’s visit to China is of great significance to promoting cooperation between the two countries. Zhang Wei revealed that not long ago, President Tokayev expressed his willingness to increase cooperation in communications, big data, artificial intelligence and blockchain in the two countries. China has obvious advantages in these industries, and the prospects for high-tech cooperation between the two countries are broad.
Bitcoin has not confirmed the number of transactions reached 4,427 According to BTC.com data, the current BTC network computing power is 82.43EH/s, the whole network difficulty is 10.77T, the per-T revenue is 0.00002334 BTC/T/day, and the next difficulty is predicted (+6.84%) 11.51 T, distance adjustment With 5 days and 15 hours left, the number of unconfirmed transactions on the whole network reached 4,427. The 24-hour transaction rate was 2.80 transactions/second. The current best handling fee is 0.00062 BTC/kVB (virtual).
Positive encryption regulations can reinvigorate the Indian economy and create billions of dollars in additional revenue for the country The analysis article pointed out that the encryption ban that the Bank of India took effect in the first quarter of 2018 caused the country’s encryption industry to be paralyzed. Positive encryption regulations can revive the troubled Indian economy. If Indian encryption is legalized, according to a rough estimate of the direct revenue generated by the country’s encryption companies, exchanges and individuals, encryption technology can bring in billions of dollars worth of extra income. Nischal Shetty, CEO of WazirX, one of the only cryptographic exchanges still in operation, recently cited the benefits of implementing aggressive cryptographic measures from an economic perspective, in addition to providing new venture capital investments to Indian start-ups, encryption technology. Development can also promote employment and provide banking services to India’s 300 million people without bank accounts. ICO can become a new global financing mechanism for Indian start-ups. He said, “We are a technology-centric country. Technology brings a lot of foreign exchange and is one of the largest employment creators in India. Encryption technology is the next technology frontier. If India bans the circulation of encrypted assets, India will not be able to Produce any relevant talents, not only will the employment opportunities be reduced, but also the investment of foreign capital will be lost.”

Encrypted project calendar(September 08, 2019)

NPXS/Pundi X: Pundi X (NPXS) Binance DEX’s latest NPXS competition will end on September 8th, when participants will receive a total of 50 million NPXS awards. KCS/Kucoin exchange: The Ecocuum launched by Kucoin Shares (KCS)’s latest KuCoinPlay trading contest will end on September 8th, when 50K ENQ will be presented to 800 participants.

Encrypted project calendar(September 09, 2019)

MTL/Metal: Metal (MTL)’s latest fee structure will be implemented from September 9th. The fee reduction is at least 50 MTLs. The account transaction with 10,000 MTL or above is zero, but only for Metal Pay. ETP/Metaverse ETP: Metaverse (ETP) ETP holders can get 10 million DNA airdrops on the RightBTC exchange, and the event will end on September 9.

Encrypted project calendar(September 10, 2019)

BTC/Bitcoin: The DeFi Summit (London) will be held at Imperial College London from September 10th to 11th. TNS/Transcodium: Transcodium (TNS) WirePurse will be available on September 10th for AT tokens and will air-drop $3,000 worth of AT tokens to all WirePurse users. KICK/KickCoin: KickCoin (KICK) The KICK team extended the SWAP bonus event deadline to September 10 and added additional bonuses to encourage trading.

Encrypted project calendar(September 11, 2019)

BTC/Bitcoin: Invest: Asia 2019 Summit will be held in Singapore from September 11th to 12th. CLOAK/CloakCoin: CloakCoin (CLOAK) CloakCoin ENIGMA trading competition will end on September 11th, the second round will continue, with a prize of US$10,000 for CLOAK. PHPhore: The Phore (PHR) community needs to vote for the September core development budget proposal for Phore and the Marketplace and Synapse proposals by September 11.

Encrypted project calendar(September 12, 2019)

BNB/Binance Coin: Coin Security will stop providing services to US users on Binance.com on September 12th BCN/Bytecoin: Bytecoin (BCN) will release Copper v3.6.0 on September 12t HBT/Hubii Network: Hubii Network (HBT) hubii’s “Blockchain in Practice” campaign with Microsoft will be held on September 12th at the Microsoft office in Oslo.

Encrypted project calendar(September 13, 2019)

ETC/Ethereum Classic: ETC or will perform Atlantis hard fork on September 13th

Encrypted project calendar(September 14, 2019)

BTC/Bitcoin: The European Union will launch its name, Payment Services Directive 2 (PSD2), which will take effect on September 14. The new law includes banks implementing “strong customer certification”. In addition, according to previous news, PSD2 can obtain some of the functions of the banking industry, providing new payment solutions for encryption products.

Encrypted project calendar(September 15, 2019)

TRX/TRON: Wave field TRON launches side chain plan Sun Network network three-phase release WAN/Wanchain: Wanchain (WAN) will hold a 3Q community conference call in mid-September

Encrypted project calendar(September 16, 2019)

LINK/ChainLink: Chainlink (LINK) Oracle will host the Oracle Code One conference from September 16th to September 19th, at which it will announce the launch of 50 startups with Chainlink. MANA/Decentraland: The Decentraland (MANA) community will host the SDK hackathon on September 16.

Encrypted project calendar(September 20, 2019)

NULS / NULS: The NULS 2.0 Beta hackathon will be held from September 20th to September 21st, 2019. AE/Aeternity: Aeternity (AE) will hold “Cosmos One” conference in Prague, Czech Republic on September 20th

BTC is currently reporting $10,386, an increase of 0.11% during the day. In view of the current trend, as in the previous several times, BTC broke through the final pressure of the K-line of 10,500 days. When there was no pressure to rise, there was no support at the time of the decline. Next, it is recommended to maintain a bullish pre-judgment in the mid-rail of the Bollinger Band of $10,150. Need to pay attention to the rest of the mainstream currency, has begun to fall less and more, and gradually rise. Explain that the main force has begun to withdraw from the remaining mainstream currencies of BTC funds. From this point of view, the spring of the altcoin is not far away, and there is a possibility that the funds will be pulled up. Therefore, the recommended altcoin currency also needs to hold the currency to rise!
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