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

[HairyMaclairy]

Can Ripple fall fast enough to overtake Bcash before both go to zero?  A fascinating question.  

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[conspirosphere.tk]

Because they still think bull trend, they've been mindfacked into thinking btc will go up forever. They have yet to test the bear bitter taste. Part of the circle of life.

Btc will go up until something better supersedes it. I don't see any credible contestant yet.

[JayJuanGee]

Do you mind disclosing what are your current BTC buy/sell price increments, jojo, approximately?  Or, anyone else interested in this topic?

Well I WAS selling 10% of my holdings with every doubling, but with clonecash suddenly and unexpectedly giving me enough fiat to last a few years, I'd much rather just wait for higher prices and sell a bit as and when I eventually need it. Hoping for a drop to about 10k to buy back my most recent sales, actually.

You are playing with really BIG increments, Ibian, which is definitely fair enough.  


As long as bitcoin prices continue to go up (which I expect that they are going to keep on going up, once we get through this rough period.. hahahahaha), I might evolve into much BIGGER increments, but I have gotten so used to my system, that I am NOT too likely to evolve my increments to such a GREAT level as to play "doubling" increments..   


Doubling seems to be too hands off for my anticipated ongoing interest levels in bitcoin and/or possibly other crypto in the future, but surely, considering doubling is not out of the question regarding a possible future status (of not trading so much).     Accordingly, I can imagine that it can be kind of nice to not be chasing orders.

I actually have a different setup now. I make a bit on the side by buying and selling for people, taking a percentage with each trade. I keep the profits in fiat, that way I don't have to touch my stash. And then on the occasions where the price dips below a previous month, I spend the fiat for that month on bitcoin. Which I just did. Just made something like 20% over what I would have gotten for buying bitcoin straight up through december.

It's not much, but it's safe and steady growth. I accumulate money over time rather than spend it like everyone else. Good position to be in.

Many of us who have been in bitcoin for more than a couple of years tend to develop kind of hybrid systems and customize to our own situations - and sounds like it is working pretty decently for you. Thanks for providing some specifics. 

[JayJuanGee]

the path to 5000 is now open as predicted

Please, no one trample JayJuanGee in the rush to the exits, as he will be hodling all the way to $4200:

Chart indicates 2 shakeouts before the pump, then price returns to the average of the bottom of the 1st and 2nd shakeout.  So bitcoin around $4200 incoming.  Probably won't happen till after Martin Looter Coon day.

It is not called hodling, it's called buying moar - even though technically your right that there is both hodling and accumulation that goes on when the price is going down, at least with peeps, like me, who are long term bullish about bitcoin and have established a system to attempt to accumulate more bitcoin and to buy on the way down, largely with money that was acquired during the preceding price rise. 

Likely you know my story, but you choose to selectively only tell half of it, while you attempt to rationalize your stupid ass obsession with pms while failing to recognize that they are likely not going to be a good thing to put much if any of your wealth - maybe 1% is o.k., perhaps?

[serveria.com]

Just chill now - remember the Masterluc prediction: 2 weeks of this 9-10k dump then back to a massive 40k-110k pump! Getting rid of all the weak hands now!

[Lopumbo]

Just chill now - remember the Masterluc prediction: 2 weeks of this 9-10k dump then back to a massive 40k-110k pump! Getting rid of all the weak hands now!

stop lickin' those toads

[bitebits]

[...]
Right now this is a healthy correction - one many people called - that will lead to another bullish year in 2018 with BTC prices well above $50k. BCH might die however

I feel like a kid in a candy store right now. Admittedly selling bitcoins is still my weak spot, but I sure put my dormant fiat at use.

$50k btc in 2018 sounds steep, but bullish like you nonetheless. I really consider $10k bitcoins cheap (a lousy 175 billion market cap), kind of funny how perspective 'evolves'.

[vroom]

[realr0ach]

[BitcoinBunny]

Real Roach's Lambo after hoarding precious metals for 50 years and these not going up in value against inflation at all.




 

[Torque]

Hey look, Grandpa is still in the black.

Not bad Grandpa, not bad. 

[Torque]

So the whole goal was clearly sub $10k. Got it.

[realr0ach]

So the whole goal was clearly sub $10k. Got it.

Once this hits $3k, hopefully everyone who created an IPO goes to prison and whoever printed infinite tethers gets put in front of a firing squad.

[JayJuanGee]

By the way, @ jbreher, to the extent that you were really employing $250 price increments in recent times, I hope that you have either stepped those back a bit on those increments (to make more large) or are otherwise keeping up with them.  I would feel stressed to a fucking much higher level, if I were to have been employing $250 price increments in the past day or so and during other times like these.

Nope. Still at $250. I had some gap-filling to do when I got around to checking the trades today, but such is no problem. I don't see any reason to panic when taking my time opens such gaps.

I do have a higher propensity for anxiety when we're streaming down, as opposed to streaming up. But then I just glance over at my growing piles of BTC & BCH, and console myself in the knowledge that we will again one day arise. Just today, I've pulled in 17 BTC on execution of pre-entered buy orders, and another 1.5 or so BTC on the volatility. When we again arise to mcgoosen's magic $25777, that'll be nearly a half-mill of fiat value.

Haahahahahahaha..

I gotta respect you for at least sticking to your guns in respect to the $250 increments, and to assert that it is still working for you.

Personally, I try to set up my orders in such a way that I am not emotionally attached to either price direction, but I do agree with you about the principle of the matter and going down does cause the whole holdings to have less value, so even though there can be significant accumulation, as you have outlined, going up does cause some better feelings because of the fact that the whole value of the portfolio goes up with such upwards price movements.

[luckygenough56]

buyin a lambo what a waste of monee

guys we're breakin 10000 omg

[Starving_Marvin]

So the whole goal was clearly sub $10k. Got it.

Bitstamp is hodling strong still for a moment
"---and in a moment the wall is gone..."

[podyx]

I'm not sure what's going on. Why isn't there more buying pressure? sub $8k seems very cheap to me

[erre]

I'm not sure what's going on. Why isn't there more buying pressure? sub $8k seems very cheap to me

Are you buying?

[TheRealProphet]

I'm not sure what's going on. Why isn't there more buying pressure? sub $8k seems very cheap to me

Cheap? Compared to what? It was less than $1000 1 year ago.

[rjclarke2000]

Did we get to the bottom of why the panic selling?