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Question: How much of your corn do you plan on cashing out in the next massive bull run?
None - 26 (20%)
1-10% - 17 (13.1%)
11-20% - 15 (11.5%)
21-30% - 18 (13.8%)
31-40% - 7 (5.4%)
41-50% - 14 (10.8%)
51-60% - 9 (6.9%)
61-70% - 5 (3.8%)
71-80% - 4 (3.1%)
81-90% - 2 (1.5%)
91-99% - 3 (2.3%)
100% - 10 (7.7%)
Total Voters: 130

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21789437 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (148 posts by 37 users deleted.)
Raja_MBZ
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June 14, 2018, 08:01:19 PM

I'm very disheartened today. Lost a major chunk of my bitcoin holdings (almost 0.38 BTC) on Bitmex even though I've been longing since $8000 with just 4x leverage (adding more & more after every dump to average it further down), but still at $6140, I got liquidated. With this, I can pretty much assure that $6140 was actually the bottom. It was only to liquidate me, hard luck. Don't comment that I need to risk only what I can afford to lose, I know that very well, just had some real bad luck (as well as confusion) this time.

For reasons like this, I continue to conclude (personally) that leveraging is not necessary, especially in bitcoin.  In bitcoin we are lucky to experience outrageously stupendous returns, and I we do not need to leverage in order to achieve such outrageously stupendous returns on our investment. 

Accordingly, if you just invest regularly, then the most that you can lose is 100% of what you put in - but if you employ leverage (especially using the margin trade vehicles supplied by exchanges), you not only can lose your 100% more quickly, you also lose it way faster, which causes a kind of magnification that if you employ 4x leverage than you can lose 400% - something like that.  Therefore, I still consider any kind of leveraging to be too far into a "gambling" rather than "investing" category, especially with bitcoin.

That's exactly what I'd like to conclude. It's a total gamble, and I'd not suggest anyone anymore to be a part of leveraging at BitMex. I still can't believe how easily I lost it all just because of a dump which is not even visible on CoinMarketCap (I'd repeat that again - I'm 100% sure & confident that I got liquidated right at the bottom which was $6140). Moreover, when I was about to get liquidated at $6140, I tried to increase the margin further with a little bit of more BTC (which would've increased the liquidation level to $6050 instead of $6140 and I'd have been saved from being liquidated), but effing system of BitMex gave me an error (system overload, try again later). It's not easy for me to just invest more into bitcoin when I've my whole family to support, my education bills to pay and all other hell. It's surely going to take a while to recover from the two recent losses of BitMex and DENT at CoinRail (I highly doubt that I'll get the DENT back from CoinRail, even though they've been telling me to calm down).

A recap:

-Sold my GPT websites network for 919 bitcoins in 2011, used bitcoin as "just another" payment processor. Started saving the dollars at LibertyReserve.com.
-Lost every penny of savings at LibertyReserve.com (this is when I realized that bitcoin could be the future after reading an article at CoinDesk).
-Bought a huge bag of ZCL from my savings in mid-2017 thinking it has gone down by 70%, and can't go further down, but it continued its decline.
-Shilled ZCL in almost all 2017. Gave idea of Bitcoin Private to Rhett, but he said it's "worthless" and he's going to abandon the project of ZCL. I could've developed BTCP on my own if it wasn't for integration of stupid two way replay protection. Sold all ZCL in November at $2 each due to fear of getting it de-listed from Bittrex (as there was no trading volume present). He then introduced my idea of BTCP in December and ZCL skyrocketed to $200. Now John McAfee shills BTCP all the time.

All of this can be considered as a proof that I got my savings liquidated right at the bottom and we won't see bitcoin below $6100 again.

Nice words tweeted by Vinny Lingham:

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How much alt coin diversification is needed? 0%?


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June 14, 2018, 08:02:14 PM

Hodling is depressing in times like this.... it's my cold wallet that is being brutally hit what concerns me.


Just think about the WinkleVii's or Tim Draper's cold wallet and you'll feel a whole lot better.  Wink

I tried. But it doesn't help. Still having more money than you could probably spend (as such whales do) is not that terrible even if your net worth gets a cut of several hundred millions. Maybe I am wrong, but I don't think they are as much depressed as I am right now.

I keep repeating it but... If we could act as if that $20K peak never happened (so ridiculously soon) I would be pretty happy right now. That's the only thing that helps for me.

I played this past peak much worse than I did the previous (2013) in which I doubled my Bitcoin count. The blame is on me (or my greed).

P.S.: No, not going to break/sell. I can perfectly (and depressedly) ride this thing until ZERO. I am more worried about the amount of profits already (even if temporarily?) lost than what I still have to lose (which is LESS).

Are you really willing to let your current net worth get cut in half? Again?

The good thing is that at current price is not possible anymore that BTC cut my net worth in half no matter what it does. Or is that a bad thing? I forgot...

Btw, you didn't answer if you finally capitulated and sold everything... even though you sometimes sound as if you did.

I sold bits and pieces. Not enough that I'm not a mountain of regret. TBH


You talk about regret a lot, no?  what purpose does it serve, except to fixate on water under the bridge things that cannot be changed.  The thing that you can do is to take actions from whatever point you are at to attempt to do the best that you can and to hopefully mitigate losses and lessen likelihoods of making the same mistakes that you regret.

Any of us who are HODLers of bitcoin could myopically focus on the same kinds of regrets, no?  But if we took a strategy at $15k or $19k that in our mind balanced the probabilities of UP and DOWN, while we ended up being wrong about those probabilities and DOWN ended up being more pervasive than we thought to be possible, then we could "regret," but what good does that do? except to adjust and to readjust along the way, and hopefully living with our decision while realizing that they are not set in stone at the present, except for in the past when we made them is already gone. 

Even posters like Tera Beara, who have been posting doom and gloom since the inception of her online bitcointalk persona, ends up being largely correct, yet even though she may have been sometimes presenting the odds as really high - even approaching 100%, the fact of the matter is that she did not know.. and maybe she realistically assigned 60% to an idea that I assigned 40%, and she ends up being more correct than me, but so fucking what?  The fact of the matter remains that each of us should be attempting to come up with our best ideas for ourselves, and striving, to the best of our abilities, to tailor our strategies to our views.  The direct investment abilities in Bitcoin allows for such individualization harmonization practices, which is ultimately beautiful, in the event that we can figure out ways NOT to hate and beat up on ourselves.    Cheesy Cheesy Cheesy
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June 14, 2018, 08:09:40 PM


Nice words tweeted by Vinny Lingham:



Which is exactly how all investments are ie. the best time to invest is right in the middle of a crisis and then wait some years until full recovery. It's during those times poors are more concerned about getting enough money to feed their families and avoid eviction than investing.

It has nothing to do with Bitcoin/crypto. I think Vinny is trolling again there.
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June 14, 2018, 08:11:03 PM




Best analysis at the moment. This bear market is a replay of 2013-2015.

$4800 is a good entry point.


i dont know why people thing things will behave on similar patern / way like in past?
but there are 1000s of possible paterns, so one day someone might hit by accident true prediction
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June 14, 2018, 08:13:18 PM

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June 14, 2018, 08:17:35 PM


Nice words tweeted by Vinny Lingham:



Which is exactly how all investments are ie. the best time to invest is right in the middle of a crisis and then wait some years until full recovery. It's during those times poors are more concerned about getting enough money to feed their families and avoid eviction than investing.

It has nothing to do with Bitcoin/crypto. I think Vinny is trolling again there.

Yes, you're correct there. It's not just with crypto, however, my major investment has always remained in crypto so I'm looking at that tweet only from crypto-angle.
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June 14, 2018, 08:20:06 PM

I'd just like to repost Masterluc's latest long-term forecast, from two months ago.  It looks relevant.

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June 14, 2018, 08:22:59 PM
Merited by Raja_MBZ (1)

i dont know why people thing things will behave on similar patern / way like in past?
but there are 1000s of possible paterns, so one day someone might hit by accident true prediction

I'll leave you with a few things to ponder:

  • TA is a study in human psychology.
  • Humans are predictable.
  • History doesn't repeat, but it often rhymes.
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June 14, 2018, 08:27:36 PM

Up another $160 and we'll close the week in green. Or at least a doji.

Target: $6782 by Sunday.
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June 14, 2018, 08:31:38 PM

Check out how volume has increased within last 15 days:



But still pretty low if we compare it with 6th February *pump:

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June 14, 2018, 08:36:33 PM
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Nice words tweeted by Vinny Lingham:



Which is exactly how all investments are ie. the best time to invest is right in the middle of a crisis and then wait some years until full recovery. It's during those times poors are more concerned about getting enough money to feed their families and avoid eviction than investing.

It has nothing to do with Bitcoin/crypto. I think Vinny is trolling again there.

I was thinking the same, volatildiad is inherent in the markets. A market without volatility is a fragile market. An artificially stable market is much more damaging to the middle and lower class, since the consequences of a black swan event are always greatly underestimated. Example, crisis of 2008.

On the other hand ... the volatility of bitcoin can be considered a very good opportunity to get money. Many here do it. (Also, it is not considering the entry barriers associated with traditional investments, which generates many more inequalities between rich and poor. With bitcoin no matter how much you invest, no matter where you are in the world, no matter your social class, you are still studying or if you are already retired. With bitcoin anyone can be part of a system that only a few had the privilege to access before)
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June 14, 2018, 09:49:04 PM

Interdasting.



Intradesting to me because I figured on a retrace of 5000 since it was blasted past the first time.  Its not so very far off now.
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June 14, 2018, 09:54:57 PM

QUICK list 12288 is finisht GOOD LUCK   WO's

16/04/2018 serveria.com Sad
27/04/2018 BinaryReign Sad
28/04/2018 Toxic2040 Sad
29/04/2018 BobLawblaw Sad
30/04/2018 RayX12 Sad
05/05/2018 kaicrypzen Sad
07/05/2018 InvoKing Sad
08/05/2018 ChinkyEyes Sad
13/05/2018 mfort312 Sad
15/05/2018 Paashaas Sad
16/05/2018 player99 Sad
17/05/2018 bikerleszno Sad
19/05/2018 Bitcoinaire Sad
20/05/2018 willope Sad
21/05/2018 rafanadal Sad
22/05/2018 strawbs Sad
24/05/2018 yonton Sad
25/05/2018 JimboToronto Sad
26/05/2018 Colonel Panic Sad
29/05/2018 ivomm Sad
30/05/2018 Lontonbit Sad
31/05/2018 BTCMILLIONAIRE Sad
01/06/2018 RoomBot Sad
02/06/2018 rjclarke2000 Sad
03/06/2018 oblox Sad
04/06/2018 wachtwoord Sad
05/06/2018 Wekkel Sad
08/06/2018 hisslyness Sad
09/06/2018 LodisMcguire Sad
11/06/2018 Raja_MBZ Sad
12/06/2018 bitcoinPsycho Sad
13/06/2018 erre Sad
14/06/2018 vroom Sad
15/06/2018 d_eddie
16/06/2018 coralreefer
18/06/2018 Robin,Hood
20/06/2018 rolling
22/06/2018 Biodom
23/06/2018 Dunkelheit667
25/06/2018 bones261
26/06/2018 Arriemoller
28/06/2018 klaaas
30/06/2018 DarkStar_
01/07/2018 o_e_l_e_o
02/07/2018 jojo69
03/07/2018 Karatma1
04/07/2018 Elwar
13/07/2018 sirazimuth
14/07/2018 Ludwig Von
21/07/2018 Lauda
22/07/2018 LFC_Bitcoin
26/07/2018 Icygreen
02/08/2018 fragout
03/08/2018 supremnoob
06/08/2018 cAPSLOCK
08/08/2018 infofront
10/08/2018 HairyMaclairy
15/08/2018 Phil_S
16/08/2018 Rosewater Foundation
17/08/2018 B1tUnl0ck3r
19/08/2018 Imbatman
21/08/2018 BitcoinBunny
27/08/2018 soullyG
28/08/2018 RealMachasm
29/08/2018 STT
04/09/2018 flynn
08/09/2018 xhomerx10
09/09/2018 vapourminer
11/09/2018 Dakustaking76
20/09/2018 Digigami
22/09/2018 Agapios
26/09/2018 itod
30/09/2018 DeathAngel
12/10/2018 IntroVert
15/10/2018 explorer
18/10/2018 Searing
26/10/2018 kurious
09/11/2018 fabiorem
15/11/2018 bitserve
20/11/2018 Globb0
22/11/2018 Last of the V8s
01/12/2018 Alexander_Z
07/03/2019 CoinCube
15/04/2019 Spaceman_Spiff_Original
20/06/2019 bitebits
13/12/2019 nikauforest
10/04/2020 yefi
05/09/2020 samson   
23/06/2021 fortune143             
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June 14, 2018, 10:07:19 PM

Pasting goatse images to satoshis.place.

"Has Lightning gone to far ?"  Huh

That's not goatse, silly. That's Roger Ver.
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June 14, 2018, 10:13:35 PM

Up another $160 and we'll close the week in green. Or at least a doji.

Target: $6782 by Sunday.




 Grin  Roll Eyes
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June 14, 2018, 10:56:31 PM

That's one interesting article!
http://www.livebitcoinnews.com/study-claims-bitcoin-price-manipulation/

However they just mention that spoofing and/or washing could have been used to manipulate BTC price, but the article doesn't mention how did they run this study.
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June 14, 2018, 11:04:14 PM
Merited by Rosewater Foundation (1)

Are you really willing to let your current net worth get cut in half? Again?

Yes. Because the alternative scenario is letting my current net worth double. Again.

Can't win if you forfeit the game.
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June 14, 2018, 11:08:02 PM
Merited by Rosewater Foundation (2)

QUICK list 12288 is finisht GOOD LUCK   WO's

16/04/2018 serveria.com Sad
27/04/2018 BinaryReign Sad
<snip>
10/04/2020 yefi
05/09/2020 samson   
23/06/2021 fortune143             

I really hope I'm wrong on this speculation....
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June 14, 2018, 11:15:38 PM

Are you really willing to let your current net worth get cut in half? Again?

Yes. Because the alternative scenario is letting my current net worth double. Again.

Can't win if you forfeit the game.

ding ding ding ding

we have a winner
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June 14, 2018, 11:19:02 PM

Pasting goatse images to satoshis.place.

"Has Lightning gone to far ?"  Huh

That's not goatse, silly. That's Roger Ver.

Just Penises.



Lol
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