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

[jojo69]

going to have to eat a beloved chicken soon

fiat exhausted

please...capitulation...?

uncle

[El duderino_]

@+- 1 hour i’m gonna be diving into the sea .... BTC my friend do not  “ I SAY DO NOT” follow me , go the other direction thanks and all be checking you in a few hours

[Wolf Rainer]

Tomorrow WallStreet will keep dumping, so the BTC will pump hard.

[Nosk]

Damn... such a drop, going for +1month straight... Its been a  while. I think the recovery will be long. With all the optimism I can deploy, I would say maybe 15k usd by the end of the year. (Or less...)

[Biodom]

Here is a theory.
Hedge funds are selling crypto because they feel a large correction is coming in stocks and they need cash to defend their stock positions, especially tomorrow.

[criptix]

Here is a theory.
Hedge funds are selling crypto because they feel a large correction is coming in stocks and they need cash to defend their stock positions, especially tomorrow.

na, not really:

http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/



Guys, we are still BEFORE the big bubble.

[RoomBot]

ehrmagerd BTC < 8K

 

[Ted E. Bare]

Who's selling at these prices and why?

[HairyMaclairy]

going to have to eat a beloved chicken soon

fiat exhausted

please...capitulation...?

uncle

Jojo.   Don’t get bull trapped.  This has not played out yet.

We could go much much lower.  Try to put yourself in a position where you have options whichever direction the price goes in.

[FirstTimeInMining]

Who's selling at these prices and why?

I sold short term at 8500 and bought at 8000, but I am gambling with money I can afford to lose.

Now just waiting for the recovery of market.

[jojo69]

going to have to eat a beloved chicken soon

fiat exhausted

please...capitulation...?

uncle

Jojo.   Don’t get bull trapped.  This has not played out yet.

We could go much much lower.  Try to put yourself in a position where you have options whichever direction the price goes in.

too late for all that

Imma have to go back to work...and I fear for that australorp

back to carrying water and chopping wood...

[HairyMaclairy]

So for the first time, tax planning needs to be taken into consideration in my trading strategy.  It makes things much more complicated but it is a nice problem to have.

How about this plan, consisting of two stages:

Stage 1: Accumulation (buy for fiat, buy through alt appreciation, mining, earning, etc.)
Stage 2: Distribution. Allocate a % you want to potentially spend vs how much you want to leave to descendants. Maybe 50:50 or 70:30, whatever. Then divide your stash (that you want to consume) into equal yearly buckets considering maximum life expectancy.
Enjoy life, travel, whatever. Maybe start the distribution phase at retirement of few years beforehand, say, 60. this way you would enjoy the potential spoils a bit longer or while in relatively better health situation.

Example: you have N btc, then 0.5N (or 0.7N) is what you want to spend.
If you start at 60, maximum lifespan is probably 30 years, give or take, therefore, starting at 61st birthday, and each year afterwards spend/cash out 0.017 of your stash (1.7%). This number would go to 3.4%/year if you don't want to leave 50% to descendants.

Hi that’s great advice.  I am still in accumulation phase.  I triggered some capital gains when I sold coins bought in 2013.  I have started buying back lower with profits but the price has continued to fall.  I think that if I liquidate my new position on the last day of the tax year in my country, then I can offset trading losses against capital gains tax, and use the funds I have set aside to pay taxes to rebuy the following tax year (a few hours later). Obviously timing is critical.

[RejectedBanana]

Who's selling at these prices and why?

More importantly, who's not buying at these prices and why?

[HairyMaclairy]

going to have to eat a beloved chicken soon

fiat exhausted

please...capitulation...?

uncle

Jojo.   Don’t get bull trapped.  This has not played out yet.

We could go much much lower.  Try to put yourself in a position where you have options whichever direction the price goes in.

too late for all that

Imma have to go back to work...and I fear for that australorp

back to carrying water and chopping wood...

It will bounce.  Consider partial exit on the bounce while still leaving enough to hedge against a sudden upside move. Try to put yourself in a position where you win no matter what the price does, even if those wins are not as great as If you went all in.

[El duderino_]

Who's selling at these prices and why?

I was allready thinking that When we Where @10-11k ..... but never a problem for you right ...? How did you say it, panic buying all the way down ...... Yeah Thats right Thats what you did the other time not?
But for sure i think all clever minds are not selling @ This point specialy not @ current prices , iT So unlogical / unreal
So for the remaining let us stay on the flying train

[Nosk]

BUYING WALL OF 500 BTC AT 7845USD OF KRAKEN. WE ARE SAVED.


.... I wish

[Rosewater Foundation]

This is the dead land
This is cactus land
Here the stone images
Are raised, here they receive
The supplication of a dead man's hand
Under the twinkle of a fading star.

[Rosewater Foundation]

In this last of meeting places
We grope together
And avoid speech

[Rosewater Foundation]

This is the way the world ends
Not with a bang

but a whimper.

[jojo69]

really bitcoin?  you want this on your conscience?