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

[adamstgBit]

this is the bottom

X

Nice pic but what does your broad think about you posting that? You're free to post and stuph and all. Did she realize your epic status on a world-wide forum dedicated to disruption?

she has no idea what i post. and does not care to know. I do not talk about bitcoin at all with her,  this is like my secret identity.

Adam, I think that you kind of know my story... No? 

I have been pretty much continuing to buy BTC and hold and I never really sell any BTC (except if I do sell any, then I replace them within days).

You have been in BTClandia longer than me, but you said that you had bought and sold and bought before the last bubble, but then as prices were going down in this latest downward from November 2013, I think that you continued to buy and hold, no?  Are you accumulating a fairly decent stash of BTC over these last couple of years?

I feel like I have been building a pretty decent stash, and probably I have a few times more than I ever thought that I would because I did NOT expect prices to go below $500 or to stay below for very extended periods of time (like what has been happening the past 9 months-ish). 

Recently, I have developed various plans to strategically sell at certain points (by conceptually dividing my stash into three parts), and then I trade with one of the portions (and only specifically triggered at certain points), until BTC prices go up to trigger me to move to the other portion of my stash... my model presumes BTC prices will go up at some point, but continue to have some volatility....

I think that my plan forward is pretty decent... and yes it kind of presumes that the bounce out of this $220 to $290 price will be upwards, likely less than a year? maybe??  ; however, in the mean time, I continue to buy BTC (at least while the price is below a certain point), and if prices continue to go down, my plan will be to continue to buy, rather than selling any.. my selling behavior is only going to be triggered if prices begin to go back up.. .. hopefully some day in less than 12 months-ish, no?

yes I remember, It's really sad that you bought at the very top and have been buying like mad ever since. I imagine your avg price in now ~400$, not bad, not good, but not bad either, thing is to be HOLDING, and forget about it.  fuck its possible we plunge to 125$ tomorrow and stay there for 3 year and then 4 years later something happens and BAM oh shit my gf is calling, i'm on thin ice, gtg

[1715064582]

1715064582

[1715064582]

1715064582

[gentlemand]

There be strife at Bitpay towers - https://www.reddit.com/r/Bitcoin/comments/3m7rj1/did_bitpay_lay_off_most_remaining_employees_today/

Not a huge surprise.

[Norway]

this is the bottom

X

Nice pic but what does your broad think about you posting that? You're free to post and stuph and all. Did she realize your epic status on a world-wide forum dedicated to disruption?

she has no idea what i post. and does not care to know. I do not talk about bitcoin at all with her,  this is like my secret identity.

Adam, I think that you kind of know my story... No? 

I have been pretty much continuing to buy BTC and hold and I never really sell any BTC (except if I do sell any, then I replace them within days).

You have been in BTClandia longer than me, but you said that you had bought and sold and bought before the last bubble, but then as prices were going down in this latest downward from November 2013, I think that you continued to buy and hold, no?  Are you accumulating a fairly decent stash of BTC over these last couple of years?

I feel like I have been building a pretty decent stash, and probably I have a few times more than I ever thought that I would because I did NOT expect prices to go below $500 or to stay below for very extended periods of time (like what has been happening the past 9 months-ish). 

Recently, I have developed various plans to strategically sell at certain points (by conceptually dividing my stash into three parts), and then I trade with one of the portions (and only specifically triggered at certain points), until BTC prices go up to trigger me to move to the other portion of my stash... my model presumes BTC prices will go up at some point, but continue to have some volatility....

I think that my plan forward is pretty decent... and yes it kind of presumes that the bounce out of this $220 to $290 price will be upwards, likely less than a year? maybe??  ; however, in the mean time, I continue to buy BTC (at least while the price is below a certain point), and if prices continue to go down, my plan will be to continue to buy, rather than selling any.. my selling behavior is only going to be triggered if prices begin to go back up.. .. hopefully some day in less than 12 months-ish, no?

yes I remember, It's really sad that you bought at the very top and have been buying like mad ever since. I imagine your avg price in now ~400$, not bad, not good, but not bad either, thing is to be HOLDING, and forget about it.  fuck its possible we plunge to 125$ tomorrow and stay there for 3 year and then 4 years later something happens and BAM oh shit my gf is calling, i'm on thin ice, gtg

I've said it before, and I say it again:
I'd rather have 10 bitcoin bought at 1000 USD, than 1 bitcoin bought at 1 cent. Buy and hold, CCMF!

[ChartBuddy]

Coin
Explanation

[brg444]

this is the bottom

X

Nice pic but what does your broad think about you posting that? You're free to post and stuph and all. Did she realize your epic status on a world-wide forum dedicated to disruption?

she has no idea what i post. and does not care to know. I do not talk about bitcoin at all with her,  this is like my secret identity.

Adam, I think that you kind of know my story... No?  

I have been pretty much continuing to buy BTC and hold and I never really sell any BTC (except if I do sell any, then I replace them within days).

You have been in BTClandia longer than me, but you said that you had bought and sold and bought before the last bubble, but then as prices were going down in this latest downward from November 2013, I think that you continued to buy and hold, no?  Are you accumulating a fairly decent stash of BTC over these last couple of years?

I feel like I have been building a pretty decent stash, and probably I have a few times more than I ever thought that I would because I did NOT expect prices to go below $500 or to stay below for very extended periods of time (like what has been happening the past 9 months-ish).  

Recently, I have developed various plans to strategically sell at certain points (by conceptually dividing my stash into three parts), and then I trade with one of the portions (and only specifically triggered at certain points), until BTC prices go up to trigger me to move to the other portion of my stash... my model presumes BTC prices will go up at some point, but continue to have some volatility....

I think that my plan forward is pretty decent... and yes it kind of presumes that the bounce out of this $220 to $290 price will be upwards, likely less than a year? maybe??  ; however, in the mean time, I continue to buy BTC (at least while the price is below a certain point), and if prices continue to go down, my plan will be to continue to buy, rather than selling any.. my selling behavior is only going to be triggered if prices begin to go back up.. .. hopefully some day in less than 12 months-ish, no?

I am in the same boat as you are and IIRC got into the game at the same time as you did.

Don't sweat it for a second and continue accumulating. I know you are sitting on a pretty stash right now and I'd kill for this amount of BTC.

If there is one thing I have to thank the block size debate for is that I barely watch charts or the price anymore. I could care less if we drop to 100$ tomorrow.

Bitcoin is the only prospect left on this side of the earth for monetary sovereignty and unless you are going to drop dead in the next 5 years you are going to need it as we venture into what's likely to be a very turbulent next decade or two. .

I suggest you watch this excellent interview for a fresh perspective on where we are at. https://www.youtube.com/watch?v=uHXfEJD6DUk

[coinableS]

The world economic forum has the FOMO! The world economic forum is independent, impartial and not tied to any special interests, working in close cooperation with all major international organisations.

They predict that roughly 10% of the world's GDP will reside on the bitcoin blockchain by 2027.

http://www.coindesk.com/world-economic-forum-governments-blockchain/

Only 12 more years left to accumulate your stash before moon.

[gentlemand]

"73.1% reported by that taxes would first be collected using A blockchain by 2025, while 57.9% affirmed they believe 10% of global gross domestic product (GDP) would be stored on A blockchain by this time"

I'm sure Bitcoin will wriggle its way in there too.

[ChartBuddy]

Coin
Explanation

[Wary]

What is happening on bitstamp? For every buy comes a sell for the same amount.  

EDIT: Is it a bot that got crazy? Or is it a bearwhale saying to a bullwhale "You shall not pass"?

[Fiat_Hodler]

What is happening on bitstamp? For every buy comes a sell for the same amount.  

EDIT: Is it a bot that got crazy? Or is it a bearwhale saying to a bullwhale "You shall not pass"?

wow the volume is quite high on bitstamp. WTF is going on??

[brg444]

seemingly the same amounts being sold & bought repeatedly

[Fiat_Hodler]

seemingly the same amounts being sold & bought repeatedly

Ye I just saw that. Broken bot or volume manipulation ?

[ChartBuddy]

Coin
Explanation

[Fatman3001]

[JayJuanGee]

this is the bottom

X

Nice pic but what does your broad think about you posting that? You're free to post and stuph and all. Did she realize your epic status on a world-wide forum dedicated to disruption?

she has no idea what i post. and does not care to know. I do not talk about bitcoin at all with her,  this is like my secret identity.

Adam, I think that you kind of know my story... No? 

I have been pretty much continuing to buy BTC and hold and I never really sell any BTC (except if I do sell any, then I replace them within days).

You have been in BTClandia longer than me, but you said that you had bought and sold and bought before the last bubble, but then as prices were going down in this latest downward from November 2013, I think that you continued to buy and hold, no?  Are you accumulating a fairly decent stash of BTC over these last couple of years?

I feel like I have been building a pretty decent stash, and probably I have a few times more than I ever thought that I would because I did NOT expect prices to go below $500 or to stay below for very extended periods of time (like what has been happening the past 9 months-ish). 

Recently, I have developed various plans to strategically sell at certain points (by conceptually dividing my stash into three parts), and then I trade with one of the portions (and only specifically triggered at certain points), until BTC prices go up to trigger me to move to the other portion of my stash... my model presumes BTC prices will go up at some point, but continue to have some volatility....

I think that my plan forward is pretty decent... and yes it kind of presumes that the bounce out of this $220 to $290 price will be upwards, likely less than a year? maybe??  ; however, in the mean time, I continue to buy BTC (at least while the price is below a certain point), and if prices continue to go down, my plan will be to continue to buy, rather than selling any.. my selling behavior is only going to be triggered if prices begin to go back up.. .. hopefully some day in less than 12 months-ish, no?

yes I remember, It's really sad that you bought at the very top and have been buying like mad ever since. I imagine your avg price in now ~400$, not bad, not good, but not bad either, thing is to be HOLDING, and forget about it.  fuck its possible we plunge to 125$ tomorrow and stay there for 3 year and then 4 years later something happens and BAM oh shit my gf is calling, i'm on thin ice, gtg

Yes my overall average buy price is in the $400s, and possibly my average buy in price felt like a bigger problem for me in the beginning of the year, because I ran into some unexpected expenses. ... and in the beginning of the year, I could NOT buy, in spite of relatively low prices. 

In recent months, I have kind of made up for some of those earlier in the year cash flow issues... which allows for some decent potential opportunities, with my being able to acquire quite a few BTC in the lower $200s - kind of a second chance at it....   Accordingly, I do expect a pretty decent likelihood to be able to bring my average cost per BTC down... which I hope to be writing about in the future (maybe a year or two... haahahaha).... but like you said, a worse case scenario could be that BTC prices continue to go down without coming up first.... and then if they never come back up, in spite of continuing development around BTC... then I and probably quite a few other similarly situated peeps, may be taking a loss...   I remain optimistic...

and Adam, I hope your gfie doesn't lock you up, like she had done several months back... and caused you to be absent from the thread for a considerable period of time..

[JayJuanGee]

I've said it before, and I say it again:
I'd rather have 10 bitcoin bought at 1000 USD, than 1 bitcoin bought at 1 cent. Buy and hold, CCMF!

This remains an interesting mathematical proposition concerning how high BTC is going to go..... and your frame at this point seems to be expecting BTC north of $10k... which well could be the case, in a few years... but a lot of us lose some of that faith with such a prolonged bear market including such a long flat period, too.... and even several apparent false restarts and turn arounds...

[Fatman3001]

and Adam, I hope your gfie doesn't lock you up, like she had done several months back... and caused you to be absent from the thread for a considerable period of time..

Shhhhh..... different gfie.

[Fiat_Hodler]

shorts and long rate prices are ridiculously cheap on bitfinex. Both sides are going down. Are people moving to bitstamp and just quiting margin trading?

[JayJuanGee]

I am in the same boat as you are and IIRC got into the game at the same time as you did.

Don't sweat it for a second and continue accumulating. I know you are sitting on a pretty stash right now and I'd kill for this amount of BTC.

If there is one thing I have to thank the block size debate for is that I barely watch charts or the price anymore. I could care less if we drop to 100$ tomorrow.

Bitcoin is the only prospect left on this side of the earth for monetary sovereignty and unless you are going to drop dead in the next 5 years you are going to need it as we venture into what's likely to be a very turbulent next decade or two. .

I suggest you watch this excellent interview for a fresh perspective on where we are at. https://www.youtube.com/watch?v=uHXfEJD6DUk

Yes, it feels pretty good to have a decent stash of BTC, even though they are currently in the red....

I watched the youtube video, and I would suggest that Trace is  a very smart guy, but he doesn't really come off as being very objective... and like he seems to be pushing an agenda that is so much money driven that sometimes he seems to be losing some necessary compassion for non-monetary considerations and some times the necessity for collaboration and consensus,... even if some of those practices may NOT always be the most efficient way to go.

[BlindMayorBitcorn]

Coin
Explanation

That's actually really disturbing.

Are you a bot, BMB?

HELLO FELLOW HUMAN. HOW ARE YOU ENJOYING BEING A CARBON-BASED BIPEDAL LIFEFORM? I AM HAPPY