Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[adamstgBit]

oh shit.

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[ShroomsKit]

We are definitely permabulls.  However, there is not much left over to pour in at this point.  We had a bunch of extra expenses this year (braces for one kid, new car for hubby, etc. . . )  It is frustrating to see the price at a good point and not have the liquidity to throw any more cash in.    But we haven't really sold any.  Just holding, and holding, and holding.  I think I am learning a little patience in all of this.

Now if the ETF opens we will move a small amount from a retirement account into it.  I think many people will.  Sure it is probably going to be considered "high risk" but with "high risk" often comes great reward.

Rather, with high risk comes the high probability of losing most of your investment (as this is practically the definition of 'high risk'), and merely a small chance at great rewards.

Else your investment would've been low risk, obviously..

I remember you pouring everything you had into BTC when it was $1200. Gonna find that topic now and bump it for the education of others. Being perma-anything is a bad thing, and greed has obscured both your visions. The descision of never selling anything as BTC was reaching ATH's was clearly a bad one.

God spoke to her friend and told her to buy or something. She is bat shit crazy.

[adamstgBit]

We are definitely permabulls.  However, there is not much left over to pour in at this point.  We had a bunch of extra expenses this year (braces for one kid, new car for hubby, etc. . . )  It is frustrating to see the price at a good point and not have the liquidity to throw any more cash in.    But we haven't really sold any.  Just holding, and holding, and holding.  I think I am learning a little patience in all of this.

Now if the ETF opens we will move a small amount from a retirement account into it.  I think many people will.  Sure it is probably going to be considered "high risk" but with "high risk" often comes great reward.

Rather, with high risk comes the high probability of losing most of your investment (as this is practically the definition of 'high risk'), and merely a small chance at great rewards.

Else your investment would've been low risk, obviously..

I remember you pouring everything you had into BTC when it was $1200. Gonna find that topic now and bump it for the education of others. Being perma-anything is a bad thing, and greed has obscured both your visions. The descision of never selling anything as BTC was reaching ATH's was clearly a bad one.

God spoke to her friend and told her to buy or something. She is bat shit crazy.

you are bat shit crazy Shrooms...

we are all batshit crazy.

we are the crazy ones

https://www.youtube.com/watch?v=XHtzZukli3o

[BitChick]

We are definitely permabulls.  However, there is not much left over to pour in at this point.  We had a bunch of extra expenses this year (braces for one kid, new car for hubby, etc. . . )  It is frustrating to see the price at a good point and not have the liquidity to throw any more cash in.    But we haven't really sold any.  Just holding, and holding, and holding.  I think I am learning a little patience in all of this.

Now if the ETF opens we will move a small amount from a retirement account into it.  I think many people will.  Sure it is probably going to be considered "high risk" but with "high risk" often comes great reward.

Rather, with high risk comes the high probability of losing most of your investment (as this is practically the definition of 'high risk'), and merely a small chance at great rewards.

Else your investment would've been low risk, obviously..

I remember you pouring everything you had into BTC when it was $1200. Gonna find that topic now and bump it for the education of others. Being perma-anything is a bad thing, and greed has obscured both your visions. The descision of never selling anything as BTC was reaching ATH's was clearly a bad one.

God spoke to her friend and told her to buy or something. She is bat shit crazy.

The good news is that God hasn't told us to sell yet.  

[Boxman90]

Never bought at $1200.  Sorry to disappoint.  We thought about selling some at that price but we were concerned about capital gains taxes.  They are lower if we hold the coins for a year or more.  It wasn't quite a year yet.    This time around we will be fine.

IIRC, you bought heavily throughout and after the bubble at prices well over double what it's currently at.

I take some offense at your comment about "greed" though.

Take all offense you want, that simply is what it's called. Are you not trying to make buttloads of money?

[fonzie]

Shroomskit: Hates/Denies God, loves DOGE

Maybe we could become friends again?

 

[BitChick]

Never bought at $1200.  Sorry to disappoint.  We thought about selling some at that price but we were concerned about capital gains taxes.  They are lower if we hold the coins for a year or more.  It wasn't quite a year yet.    This time around we will be fine.

IIRC, you bought heavily throughout and after the bubble at prices well over double what it's currently at.

No.  We made over 90% of our purchase of all of our BTC holdings before September of last year.  We sold a very small amount here and there and repurchased as needed when extra expenses came around but I really don't want to give the amount paid. (we decided to hold extra cash in BTC and use as needed but "extra" cash is hard to come by with Christmas, new car payment, braces etc. . .)  But we are well in the black. Bitcoin could never go above $390 for the rest of our lives and I would be so thankful that we decided to invest!!!  

[Erdogan]

If bitcoin goes to zero, I think I will enter the astroturfing business. People seem to do well there.

[BitChick]

The good news is that God hasn't told us to sell yet.  

What a laggard. I had told you better.

God is more patient than we are.

[adamstgBit]

i have this bearish feeling should i sell everything now and wait for 350  

[fonzie]

i have this bearish feeling should i sell everything now and wait for 350  

YES! 350$ will be the launch base for the next bull trap!

[Boxman90]

No.  We made over 90% of our purchase of all of our BTC holdings before September of last year.  We sold a very small amount here and there and repurchased as needed when extra expenses came around but I really don't want to give the amount paid. (we decided to hold extra cash in BTC and use as needed but "extra" cash is hard to come by with Christmas, new car payment, braces etc. . .)  But we are well in the black. Bitcoin could never go above $390 for the rest of our lives and I would be so thankful that we decided to invest!!!  

The point I was making is that your permabull greed has cost you about 300% since last december:

It is not like we don't have a plan to sell, but just not yet.  Next year most likely we will heed the advice of some smart people and begin to withdraw systematically.

If you even bought in before the bubble, and STILL didn't want to sell at extremely elevated prices, I don't know if I can find a better example of greed in this entire forum.

My point being that being perma-anything blinded by greed is a really bad trait and will cost you most, of which you are a perfect example.

[BitChick]

Never bought at $1200.  Sorry to disappoint.  We thought about selling some at that price but we were concerned about capital gains taxes.  They are lower if we hold the coins for a year or more.  It wasn't quite a year yet.    This time around we will be fine.

IIRC, you bought heavily throughout and after the bubble at prices well over double what it's currently at.

I take some offense at your comment about "greed" though.

Take all offense you want, that simply is what it's called. Are you not trying to make buttloads of money?

It depends what the main goal is?

Would it be nice to have the freedom to do more things in life?  Sure.  Money is just a necessary tool that can be used for great good in the world.  Money is useful and there are some things I would like to use it for, but there are many more important things in life than money!  But we should be wise with it too.  Some people think Bitcoin is a foolish investment.  I think keeping all of my cash in USD and stocks could be a foolish investment.  We put our trust in the wrong things sometimes.

[fonzie]

@BitChick

Be careful; Greed is one of the seven deadly sins!  

[MoreFun]

No.  We made over 90% of our purchase of all of our BTC holdings before September of last year.  We sold a very small amount here and there and repurchased as needed when extra expenses came around but I really don't want to give the amount paid. (we decided to hold extra cash in BTC and use as needed but "extra" cash is hard to come by with Christmas, new car payment, braces etc. . .)  But we are well in the black. Bitcoin could never go above $390 for the rest of our lives and I would be so thankful that we decided to invest!!!  

The point I was making is that your permabull greed has cost you about 300% since last december:

It is not like we don't have a plan to sell, but just not yet.  Next year most likely we will heed the advice of some smart people and begin to withdraw systematically.

If you bought in before the bubble, and STILL didn't want to sell at extremely elevated prices, I don't know if I can find a better example of greed in this entire forum.

My point being that being perma-anything blinded by greed is a really bad trait and will cost you most, of which you are a perfect example.

What if they would sell at $500 in first december crash? Buy back at $900. It's easy to be smart now when resultion is clear. What if we would go to 3k? Saying not selling at $1k was greed for not experienced investor is funny.

[adamstgBit]

i have this bearish feeling should i sell everything now and wait for 350  

YES! 350$ will be the launch base for the next bull trap!

[BitChick]

No.  We made over 90% of our purchase of all of our BTC holdings before September of last year.  We sold a very small amount here and there and repurchased as needed when extra expenses came around but I really don't want to give the amount paid. (we decided to hold extra cash in BTC and use as needed but "extra" cash is hard to come by with Christmas, new car payment, braces etc. . .)  But we are well in the black. Bitcoin could never go above $390 for the rest of our lives and I would be so thankful that we decided to invest!!!  

The point I was making is that your permabull greed has cost you about 300% since last december:

It is not like we don't have a plan to sell, but just not yet.  Next year most likely we will heed the advice of some smart people and begin to withdraw systematically.

If you even bought in before the bubble, and STILL didn't want to sell at extremely elevated prices, I don't know if I can find a better example of greed in this entire forum.

My point being that being perma-anything blinded by greed is a really bad trait and will cost you most, of which you are a perfect example.

So holding is greed?  I tried day-trading and was horrible at it.  So I learned my lesson in that!

There are only two things that matter in regards to Bitcoin- the price you pay and the price you sell.  Since we have not sold yet how have I lost 300%?  Sure, maybe I lost the potential but if I am still holding coins I could have made the best decision not to sell.  Only time will tell at this point.

Why are you picking on me BTW?

[Boxman90]

It depends what the main goal is?

Would it be nice to have the freedom to do more things in life?  Sure.  Money is just a necessary tool that can be used for great good in the world.  Money is useful and there are some things I would like to use it for, but there are many more important things in life than money!  But we should be wise with it too.  Some people think Bitcoin is a foolish investment.  I think keeping all of my cash in USD and stocks could be a foolish investment.  We put our trust in the wrong things sometimes.

I'm not even saying wanting to make money is bad, I mean we're all here, are we not? I'm trying to make as much money as I can too.. I'm just using you as an example to the forum for how you can make buttloads of hypothetical money and then still lose most of it due to tunnel vision and stubbornness in your beliefs.

Why are you picking on me BTW?

I hope you learn something from it, and if not you I hope someone else will. You've put all your money on one horse, and that's foolish.

[esse83]

@BitChick

Be careful; Greed is one of the seven deadly sins!  

Matthew 6:24

“No one can serve two masters, for either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve God and money."

Hebrews 13:5

"Keep your life free from love of money, and be content with what you have, for he has said, “I will never leave you nor forsake you.”
 

[BitChick]

The good news is that God hasn't told us to sell yet.  

What a laggard. I had told you better.

God is more patient than we are.

I'm very atheist, but nevertheless this was a composed reaction 

The Dump3er likes this freaky Jesus chick.

Freaky Jesus Chick likes Dump3er and other far more annoying posters/trolls.  (of course God helps me with that  )