Post
Topic
Board Speculation
Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious
by
iamnotback
on 12/04/2017, 15:07:32 UTC
It must average higher than 75% for 8064 blocks starting from a difficulty (block) retarget which is every 2016 blocks. There is a block every 2.5 minutes on average. Next block retarget in about 2 days.

The signaling reached a peak of 56% thus far:

https://web.archive.org/web/20170412145047/https://www.litecoinpool.org/pools

In any case, I have sold all my LTC and have traded for ETH. Sell high, buy low. Less drama.

My reason is I am tired of wasting my time looking at Poloniex and also because it is very stressful and not a very productive activity for me, considering my opportunity cost is (I think) high.

Also I have become disgusted with the entire thing. Look at that fugly chart for LTC. It currently has a double top and the chart is so damn manipulated. I can't make any sense of that chart other than I see manipulation.

This is not what we came to crypto for! I think I can safely assume most of came here to invest for the long-term and to accomplish important things for humanity.

I don't care if Jihan Wu is defending immutability or has a dildo up his ass. Ditto that F2Pool bozo.

I want to create something which is a long-term value investment. That changes the Internet in a fundamental way. And also which strips these miners and also these whales and exchanges of the power to leech on us and manipulate us. The only way to accomplish that is to create something which has more value for use than for its monetary value. I realize by now from my analysis of Bitcoin as a commodity that my project BitNet will not be primarily a monetary unit, although it will have a fungible token that I posit will grandly reward long-term hodlers. The point is that users will get more value out of using the token than speculating with it. That will change everything and paradigm-shift away from this nonsense we are trapped in now.

There are more productive things we can do with our time. Well at least I can say that for myself.

LTC may go up. It might even triple or more someday. I don't care. I don't need that money more than I need my productive work, my sanity, and my idealistic purpose.

Look at me. They have me running around like a chicken with my head cut off. Posting here and there, trying to re-educate Bitcoin-as-a-democracy proponents here and there, etc..

Time to sleep. Tomorrow time to work.

Good luck with your trading decisions.

Shelby out.