Elwar
Legendary
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Activity: 3598
Merit: 2384
Viva Ut Vivas
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July 24, 2018, 08:45:10 AM |
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Interesting. So essentially, I can sell all of my bitcoins and invest in something in some poor neighborhood. Then if I keep it 10 years I owe no tax. But what could survive in a poor neighborhood that would be worth anything in 10 years? Gold store full of gold? Lambo dealership? I seriously don't see anything in the US being as valuable in 10 years as keeping my bitcoins.
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I HATE TABLES I HATE TABLES I HA(╯°□°)╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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JayJuanGee
Legendary
Online
Activity: 3696
Merit: 10179
Self-Custody is a right. Say no to"Non-custodial"
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Maybe you just look down on those who attempt to engage in self-improvement BTC trading practices? I try to share tips with folks, and yeah, I understand that it can be a bit overwhelming to attempt to employ something like I do, or some variation or even some variation that you attempt to tailor to your own situation.
What do you do? Are you going to sell now at 8.000? Did you bought at 5800 ? I thought that most peeps here understand my methodology. In brief, largely I am an incrementalist. I buy on the way down, and I also dollar cost average buy, and I sell a small amount of the way up. I sell between about 1% and 1.5% of my bitcoin stash for every 10% that the BTC price goes up, and I use a decent amount of the sales proceeds to buy back, in the event that the BTC price goes down. I have been engaged in such incrementalism for almost 3 years. In other words, before October 2015, I was largely accumulating and dollar cost average buying... I also was establishing my initial BTC stake in 2014, and in a kind of maintenance during 2015, so if I ever sold any BTC for any reason, I would replace such BTC (and a bit more) quite quickly thereafter. Currently, largely, I do not really change my practice by BIG price moves or make any BIG moves of my own.. so I am constantly selling on the way up and constantly buying as the price goes... I do tend to play around with the increments and the amounts based on how the BTC price is moving, but the amount that I authorize to buy or to sell is based on ongoing similar percentages that I authorize for myself and only tweak in small ways. Regarding the actual price points of $8,000 and $5,800, yes I was buying all the way down. Actually, I sold all the way up to $19666 and then I bought all the way back down and was largely prepared to keep buying , even if BTC prices were to go below $1k (which surely seems unlikely, currently). Largely also I had been selling all the way up through the $6000s until reaching our $8000 of today.. so if the price goes above $8k I will continue to sell, and if the price goes below $7700 or something like that I will resume buying..
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LFC_Bitcoin
Legendary
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Activity: 3514
Merit: 9498
#1 VIP Crypto Casino
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July 24, 2018, 08:51:38 AM |
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Maybe you just look down on those who attempt to engage in self-improvement BTC trading practices? I try to share tips with folks, and yeah, I understand that it can be a bit overwhelming to attempt to employ something like I do, or some variation or even some variation that you attempt to tailor to your own situation.
What do you do? Are you going to sell now at 8.000? Did you bought at 5800 ? I thought that most peeps here understand my methodology. In brief, largely I am an incrementalist. I buy on the way down, and I also dollar cost average buy, and I sell a small amount of the way up. I sell between about 1% and 1.5% of my bitcoin stash for every 10% that the BTC price goes up, and I use a decent amount of the sales proceeds to buy back, in the event that the BTC price goes down. I have been engaged in such incrementalism for almost 3 years. In other words, before October 2015, I was largely accumulating and dollar cost average buying... I also was establishing my initial BTC stake in 2014, and in a kind of maintenance during 2015, so if I ever sold any BTC for any reason, I would replace such BTC (and a bit more) quite quickly thereafter. Currently, largely, I do not really change my practice by BIG price moves or make any BIG moves of my own.. so I am constantly selling on the way up and constantly buying as the price goes... I do tend to play around with the increments and the amounts based on how the BTC price is moving, but the amount that I authorize to buy or to sell is based on ongoing similar percentages that I authorize for myself and only tweak in small ways. Regarding the actual price points of $8,000 and $5,800, yes I was buying all the way down. Actually, I sold all the way up to $19666 and then I bought all the way back down and was largely prepared to keep buying , even if BTC prices were to go below $1k (which surely seems unlikely, currently). Largely also I had been selling all the way up through the $6000s until reaching our $8000 of today.. so if the price goes above $8k I will continue to sell, and if the price goes below $7700 or something like that I will resume buying.. I’ve sold nothing for 3 years except the bitcoin I managed to get from free BCH.
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JayJuanGee
Legendary
Online
Activity: 3696
Merit: 10179
Self-Custody is a right. Say no to"Non-custodial"
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July 24, 2018, 08:55:54 AM |
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Maybe you just look down on those who attempt to engage in self-improvement BTC trading practices? I try to share tips with folks, and yeah, I understand that it can be a bit overwhelming to attempt to employ something like I do, or some variation or even some variation that you attempt to tailor to your own situation.
What do you do? Are you going to sell now at 8.000? Did you bought at 5800 ? I thought that most peeps here understand my methodology. In brief, largely I am an incrementalist. I buy on the way down, and I also dollar cost average buy, and I sell a small amount of the way up. I sell between about 1% and 1.5% of my bitcoin stash for every 10% that the BTC price goes up, and I use a decent amount of the sales proceeds to buy back, in the event that the BTC price goes down. I have been engaged in such incrementalism for almost 3 years. In other words, before October 2015, I was largely accumulating and dollar cost average buying... I also was establishing my initial BTC stake in 2014, and in a kind of maintenance during 2015, so if I ever sold any BTC for any reason, I would replace such BTC (and a bit more) quite quickly thereafter. Currently, largely, I do not really change my practice by BIG price moves or make any BIG moves of my own.. so I am constantly selling on the way up and constantly buying as the price goes... I do tend to play around with the increments and the amounts based on how the BTC price is moving, but the amount that I authorize to buy or to sell is based on ongoing similar percentages that I authorize for myself and only tweak in small ways. Regarding the actual price points of $8,000 and $5,800, yes I was buying all the way down. Actually, I sold all the way up to $19666 and then I bought all the way back down and was largely prepared to keep buying , even if BTC prices were to go below $1k (which surely seems unlikely, currently). Largely also I had been selling all the way up through the $6000s until reaching our $8000 of today.. so if the price goes above $8k I will continue to sell, and if the price goes below $7700 or something like that I will resume buying.. I’ve sold nothing for 3 years except the bitcoin I managed to get from free BCH. You have bought more BTC in the last 3 years, though, correct? If so, you are engaging in a kind of HODL and ACCUMULATL strategy that does not involve selling, right?
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Elwar
Legendary
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Activity: 3598
Merit: 2384
Viva Ut Vivas
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July 24, 2018, 09:06:18 AM |
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Although I like it, I feel like this turn around is a bit premature.
Sure, $5775 sucked. But I feel like we never hit that "zOMG THE WORLD IS ENDING!" couple of days that could have shaken out many weak hands.
Was it my awesome acting? Did that help?
Are we past the thought that Bitcoin could end?
I would rather the price rise on fundamentals rather than some stupid ETF.
Although I would consider putting all of my remaining retirement fund into an ETF so I guess there is a reason why people might think it is smart to get in before such a thing.
And if there is no ETF? Bitcoin user not affected?
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toknormal
Legendary
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Activity: 3066
Merit: 1188
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July 24, 2018, 09:17:21 AM |
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I would rather the price rise on fundamentals rather than some stupid ETF.
How much more "fundamental" can you get than institutional adoption of bitcoin as a store of value ?
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Wekkel
Legendary
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Activity: 3108
Merit: 1531
yes
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July 24, 2018, 09:22:16 AM |
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Most likely we get a small retrace and then a final push up at the end of July/start of August. Depending on the strength of the push, it will be down again to $5,xxx or a small dip towards bigger numbers above $10k. If the former, it would be an excellent opportunity to go FIAT for a while while the real bear plays out towards December 2018.
Somehow, I lean to the former scenario. But the price action will continue to tell the story onwards. Be flexible in your thinking.
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El duderino_
Legendary
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Activity: 2492
Merit: 12008
BTC + Crossfit, living life.
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July 24, 2018, 09:51:29 AM |
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Eat fish. You can't go wrong with fish.
Iodine supplements, man. I'm telling you... Also, Rick is going to be super happy when he wakes up, with the way Bitcorn prices are shaping up. Dude has decided he's going to ragequit his job if/when BTC hits $20k USD. so he's gonna stop almost......? then to do what ? living lebowski style ?
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bitserve
Legendary
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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July 24, 2018, 10:07:05 AM |
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Eat fish. You can't go wrong with fish.
Iodine supplements, man. I'm telling you... Also, Rick is going to be super happy when he wakes up, with the way Bitcorn prices are shaping up. Dude has decided he's going to ragequit his job if/when BTC hits $20k USD. Dude, WTF?!?!!?
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bitserve
Legendary
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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July 24, 2018, 10:17:57 AM |
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See all those 4 decimal digits on Bitfinex executed orders? Those are rekt shorts being liquidated
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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July 24, 2018, 10:19:18 AM |
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See all those 4 decimal digits on Bitfinex executed orders? Those are rekt shorts being liquidated
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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July 24, 2018, 10:22:12 AM |
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New wedge formation Detail
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ivomm
Legendary
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Activity: 1852
Merit: 2841
All good things to those who wait
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July 24, 2018, 10:27:09 AM |
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See all those 4 decimal digits on Bitfinex executed orders? Those are rekt shorts being liquidated But but but I was promised $5000 BTC:
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El duderino_
Legendary
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Activity: 2492
Merit: 12008
BTC + Crossfit, living life.
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July 24, 2018, 10:28:59 AM |
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hello 8000$ ah ok
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Phil_S
Legendary
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Activity: 2090
Merit: 1461
We choose to go to the moon
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July 24, 2018, 10:39:17 AM |
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hello $8100 at this point, micgoossens, you should disqualify everyone from the game whose bet is 4-digits, haha.
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soullyG
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July 24, 2018, 10:58:46 AM |
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Is that a dildo in your pocket or are you just happy to see me?
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LFC_Bitcoin
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Activity: 3514
Merit: 9498
#1 VIP Crypto Casino
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July 24, 2018, 11:00:44 AM |
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Seems a lot happier in here. Long may it continue. Where are the $2000 - $4000 predictions now hey?
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somac.
Legendary
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Activity: 2049
Merit: 1184
Never selling
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July 24, 2018, 11:07:40 AM |
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It looks like Bitcoin is doing a bit better, we have been down to the 5000s twice and bounced, and another time at 6400 and bounced. So, it does seem like that price area could be a (hopefully the) bottom. This last bounce seems a little different to me though then the previous 2, the reason I'm thinking it is different is the Yuan.
When I look back at the 2015/16 charts I wonder why did the price start going up at that time frame. I'm guessing because most of the panic sellers had left and only the true believers remained, also the upcoming halving, and a few other things. But, what sparked the interest from the new buyers? I'm thinking it might of been the devaluation in the Yuan that started substantially in 2015/16.
If this is the case, we could be seeing the same thing now. If you haven't been watching the value of Yuan lately it has been taking, somewhat of a dump, and during this time Bitcoin bottomed for a third time and is now back up to 8000.
Does anyone here think that Bitcoin is still having a large influence from the Chinese?
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BitcoinBunny
Legendary
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Activity: 1442
Merit: 2493
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July 24, 2018, 11:12:13 AM |
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Good to see a leg up. It's been a while it seems. I think the second half of the year, much like last year will be mostly bullish. Perhaps a new ATH. We will see.
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