Bitcoin Private currently being dumped - possible opportunity

[Mikhail_Liebenstein]

I mention this before that I think Bitcoin Private could be a reasonable play on the Privacy Front.

Following the February Fork from BTC, people have finally got their hands on their coins and are currently selling them off, which is suppressing the price nicely.

Again I’m sticking to my 90% in XRP rule, and I am just adding some more Alt that I think are looking distressed to replace my Verge.

I sold my Verge once it quadrupled, and I am getting pretty close to that point with my Bytecoin holding.

To me BTCP is superior to Bitcoin Diamond, Bitcoin Gold, Cash etc and is available at 20m coins similar to the other coins from the BTC stable (except Diamond).

Not saying it will make you rich, but once the sell off finishes I can see it heading up north to perhaps $100-150 quite easily. At that point sell and buy more XRP.

The only issue with BTCP right now is poor exchange coverage. 

 

 

[cuber]

No idea about Bitcoin Private but just had to post to say LOVE the profile pic.

Battle of The Planets. Brings back memories. ?

[Mikhail_Liebenstein]

1 minute ago, cuber said:

No idea about Bitcoin Private but just had to post to say LOVE the profile pic.

Battle of The Planets. Brings back memories. ?

So you can get a really good English redub of the original unedited manga, which was called Gatchaman, on Amazon - Gatchaman Complete Collection.

https://www.amazon.com/Gatchaman-Complete-Collection-Blu-ray-Jepson/dp/B00DPH7SZA/ref=mp_s_a_1_1?ie=UTF8&qid=1524925722&sr=8-1&pi=AC_SX236_SY340_QL65&keywords=gatchaman&dpPl=1&dpID=51zLUGY4z7L&ref=plSrch

Basically it drops all the stuff that was added in to Battle of the Planets to fill in the Censorship gaps when US censors wanted to remove any trace of violence or peril in kids programmes.

So no 7Zark7, none of that annoying Keop babbling and rather more challenging storylines, such as characters that die as they can’t be saved or who sacrifice themselves for the greater good.

If you remember Battle of the Planets you’ll recall  7Zark7 spent the whole time explaining that no one died and that they were rescued, whereas now now you can find out they died.

BTW, my kids absolutely loved it. Not bad for something that was made in 1972 which was even before most 1980s BoP audience was born. The key thing is the quality of stopframe artwork - truly amazing as it was all hand drawn.

Someone should do a remake, in the original style, and not like Gatchaman Crowds.

[cuber]

@Mikhail_Liebenstein Confession - I loved Keop's 'brrtt bpbpbpbp trrrrrttttt'. ?

[Mikhail_Liebenstein]

1 hour ago, cuber said:

@Mikhail_Liebenstein Confession - I loved Keop's 'brrtt bpbpbpbp trrrrrttttt'. ?

And in the original and US dub he is called Jinpei and is relatively normal. They added the noise to BoP, as some animation on his face was exaggerated. It’s quite a fascinating story the history of the whole show.

[lucid99]

10 hours ago, Mikhail_Liebenstein said:

I mention this before that I think Bitcoin Private could be a reasonable play on the Privacy Front.

Following the February Fork from BTC, people have finally got their hands on their coins and are currently selling them off, which is suppressing the price nicely.

Again I’m sticking to my 90% in XRP rule, and I am just adding some more Alt that I think are looking distressed to replace my Verge.

I sold my Verge once it quadrupled, and I am getting pretty close to that point with my Bytecoin holding.

To me BTCP is superior to Bitcoin Diamond, Bitcoin Gold, Cash etc and is available at 20m coins similar to the other coins from the BTC stable (except Diamond).

Not saying it will make you rich, but once the sell off finishes I can see it heading up north to perhaps $100-150 quite easily. At that point sell and buy more XRP.

The only issue with BTCP right now is poor exchange coverage. 

 

 

Waging on Bitcoin "insert postfix here" is just gambling. Imagine if they came out with XRP Private - we'd all be rolling our eyes. Maybe there's money to be made but I don't like risking my money on something I don't believe in.

[dgoddard]

When it comes to privacy nothing even comes close to Monero

 

[Mikhail_Liebenstein]

9 hours ago, lucid99 said:

Waging on Bitcoin "insert postfix here" is just gambling. Imagine if they came out with XRP Private - we'd all be rolling our eyes. Maybe there's money to be made but I don't like risking my money on something I don't believe in.

My whole approach having stopped trading XRP and switching to HODL is to take small punts on distressed coins that usually spring back to some level afterward.

I had a good run on Verge, most acquired at $0.022 and sold at $0.085 and I also loaded up in numbers (not cash) on ByteCoin. My general aim is to put down $200, grow it to $800-$1000 and then buy more XRP.

My view on XRP at the moment is that trading and being out of XRP in cash is too risky unless you literally can watch it 24x7x365. It will bobble around for a while and then suddenly break into a significant rise, anyone left holding cash is then going to be short on Coins.

I just keep accumulating XRP now. Having bought at $0.24 with BTC proceeds and then having traded successfully down from the ATH to increase my coin count, I now have a decent number of coins and don’t wish to risk that by being out of XRP. However, by trading more volatile Alts, it is a bit like buying XRP for $0.2 again.

 

For me the opportunity with BTCP is that it is going through a post fork dump. I fully expect it to rise from the current $34 upto +$100 once the dumping stops. 

Memewise it is probably also a good punt slightly longer term. The privacy features do actually work as they also do in Verge, and there is a certain section of Coinists who obsess about such matters. Not saying it will be stratospheric, just that it should have a higher underpinned price once the dumping stops. Any airdropped Fork always has this issue, people sell, then people panic sell and there is the opportunity!

The above is now my current trading strategy. It is also less nerve racking, as I am more emotionally involved in my XRP holding - to trade XRP you need to sell XRP at certain points and that is too deleterious to future wealth prospects!

 

Edited April 29, 2018 by Mikhail_Liebenstein

[lucid99]

22 minutes ago, Mikhail_Liebenstein said:

My whole approach having stopped trading XRP and switching to HODL is to take small punts on distressed coins that usually spring back to some level afterward.

I had a good run on Verge, most acquired at $0.022 and sold at $0.085 and I also loaded up in numbers (not cash) on ByteCoin. My general aim is to put down $200, grow it to $800-$1000 and then buy more XRP.

My view on XRP at the moment is that trading and being out of XRP in cash is too risky unless you literally can watch it 24x7x365. It will bobble around for a while and then suddenly break into a significant rise, anyone left holding cash is then going to be short on Coins.

I just keep accumulating XRP now. Having bought at $0.24 with BTC proceeds and then having traded successfully down from the ATH to increase my coin count, I now have a decent number of coins and don’t wish to risk that by being out of XRP. However, by trading more volatile Alts, it is a bit like buying XRP for $0.2 again.

 

For me the opportunity with BTCP is that it is going through a post fork dump. I fully expect it to rise from the current $34 upto +$100 once the dumping stops. 

Memewise it is probably also a good punt slightly longer term. The privacy features do actually work as they also do in Verge, and there is a certain section of Coinists who obsess about such matters. Not saying it will be stratospheric, just that it should have a higher underpinned price once the dumping stops. Any airdropped Fork always has this issue, people sell, then people panic sell and there is the opportunity!

The above is now my current trading strategy. It is also less nerve racking, as I am more emotionally involved in my XRP holding - to trade XRP you need to sell XRP at certain points and that is too deleterious to future wealth prospects!

 

What will be your signal that the dumping has stopped? Are you going to wait for a couple days of stable price or are you jumping on imminently? Just asking because I like to see how people spot the opportunities

[Guest]

1 hour ago, Mikhail_Liebenstein said:

also loaded up in numbers (not cash) on ByteCoin.

What are your thoughts about the counterfeiting allegations that have been made against Bytecoin? It seems to have been a measurable one-off exploit, but does it make them harder to sell, especially given the earlier controversies?

1 hour ago, Mikhail_Liebenstein said:

privacy features do actually work as they also do in Verge

Does the existence of a richlist give you any cause for doubts about Verge's privacy features?

[Mikhail_Liebenstein]

3 hours ago, lucid99 said:

What will be your signal that the dumping has stopped? Are you going to wait for a couple days of stable price or are you jumping on imminently? Just asking because I like to see how people spot the opportunities

I tend to look at the volumes on the exchange(s) in either direction across a few pairs (BTCP/BTC, BTCP/LTC etc).

The other thing is that cost averaging is your friend. By 10-20% of what you want, if it falls more buy another 10-20% , eventually you end paying more for the next transaction.

Right now BTCP still seems to be coming down, so I’ll get a few more. I don’t think the getting the precise bottom/actual bottom is that much of an issue, the trick is just to hold on into the recovery.

Again if it is small amounts, you can afford to lose, then you can afford to hold the recovery.

 

Edited April 29, 2018 by Mikhail_Liebenstein

[Mikhail_Liebenstein]

2 hours ago, Mikhail_Liebenstein said:

I tend to look at the volumes on the exchange(s) in either direction across a few pairs (BTCP/BTC, BTCP/LTC etc).

The other thing is that cost averaging is your friend. By 10-20% of what you want, if it falls more buy another 10-20% , eventually you end paying more for the next transaction.

Right now BTCP still seems to be coming down, so I’ll get a few more. I don’t think the getting the precise bottom/actual bottom is that much of an issue, the trick is just to hold on into the recovery.

Again if it is small amounts, you can afford to lose, then you can afford to hold the recovery.

 

Forgot to mention this point. Check out the BTCP/LTC price versus BTCP/BTC or BTCP/BTG.

Saving is $3 per coin. Ok could have used DOGE, but I can’t buy those directly. Anyway I could sell for BTC and be 10% up.

 

Edited April 29, 2018 by Mikhail_Liebenstein

[Mikhail_Liebenstein]

And here is the latest. Yesterday’s buy on the BTCP/LTC pair has done well. Up from $31 to $39.

 

[Mikhail_Liebenstein]

A quick update on my BTCP play.

i’ve bought quite s few more BTCP at the lower price of the last few days $20. Whilst I am 33% Down on my highest price coins at $35 the price of BTCP has surged today and  I had bought more coins at the low price than at the high price. I break even at $26 and actually I feel BTCP should be good for the odd BCN /XVG style pump.

Whilst I normally offload at 4-6x my buy price and then trade into XRP, I do have a slight suspicion that BTCP could be $1000 coin. I base this on the fact that it is basically a BTC clone, but has the superiority of having a genuine privacy implementation that may attract BTC holders concerned about BTC’s poor privacy due to BlockChain analytics.

 

Edited May 24, 2018 by Mikhail_Liebenstein