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

[jbreher]

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.

I'm hoping Rick gets to quit soon.

[1679387949]

1679387949

[Rosewater Foundation]

Yes, I'm aware that celiac disease is a real disease, albeit not as common as some would have you believe.

In fact the most up to date medical research suggests it's quite a bit more common than some in the processed food world would have you believe.

gluten intolerance.

A gluten intolerance, like a lactose intolerance, is characterized by the inability to digest gluten and/or lactose. A celiac disease is when your immune system attacks the protein found in wheat as an invader. It's a powerfully unpleasant experience.

Sorry to hear

Thanks. 

[mymenace]

So: topic swerve.
All y'all may recall I've been looking to Puerto Rico as a means of reducing capital gains taxes owed (I'm 'Merkin). But I've just learned of another (legitimate - according to IRS) potential route out of the system that may be as interesting:
https://www.forbes.com/sites/forbesdigitalcovers/2018/07/17/an-unlikely-group-of-billionaires-and-politicians-has-created-the-most-unbelievable-tax-break-ever/
Anyone interested in forming a study group? Or is there some other subforum here in BCT that might be better for such a discussion?

yeah I got tax problems because of some dick named Roger Ver

guy is literal s#$t bag

always crying, better pay up, or the BOOOM!! is gonna hurt

sits at home, no friends, just going through his multiple accounts on multiple forums, looking for someone to talk to

We do see all

[Robin,Hood]

Update on the may 7 post of the blockchain size observation. In a hundred years time does miners need some serious internet speeds.

[mymenace]

So: topic swerve.
All y'all may recall I've been looking to Puerto Rico as a means of reducing capital gains taxes owed (I'm 'Merkin). But I've just learned of another (legitimate - according to IRS) potential route out of the system that may be as interesting:
https://www.forbes.com/sites/forbesdigitalcovers/2018/07/17/an-unlikely-group-of-billionaires-and-politicians-has-created-the-most-unbelievable-tax-break-ever/
Anyone interested in forming a study group? Or is there some other subforum here in BCT that might be better for such a discussion?

yeah I got tax problems because of some dick named Roger Ver
guy is literal s#$t bag
always crying, better pay up, or the BOOOM!! is gonna hurt
sits at home, no friends, just going through his multiple accounts on multiple forums, looking for someone to talk to
We do see all

multiple accounts and paid shills, We do see all


Need info anyone, Burt and Bruce Wagner, Paul and Mark Vernon
Weird huh
Q+++

[vroom]

Update on the may 7 post of the blockchain size observation. In a hundred years time does miners need some serious internet speeds.

ethereum is such a failure. All this disk space for such important things like crypto kitties...

[Wekkel]

ethereum is such a failure. All this disk space for such important things like crypto kitties...

Just challenges for the future.

[criptix]

Shorts will get margin called soon and it will pump to 9-10k


BOOM

[toknormal]

Here's how it goes from here:

[vroom]

Here's how it goes from here:

in your bear dreams maybe

[Elwar]

So: topic swerve.

All y'all may recall I've been looking to Puerto Rico as a means of reducing capital gains taxes owed (I'm 'Merkin). But I've just learned of another (legitimate - according to IRS) potential route out of the system that may be as interesting:

https://www.forbes.com/sites/forbesdigitalcovers/2018/07/17/an-unlikely-group-of-billionaires-and-politicians-has-created-the-most-unbelievable-tax-break-ever/

Anyone interested in forming a study group? Or is there some other subforum here in BCT that might be better for such a discussion?

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.

[JayJuanGee]

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..

[LFC_Bitcoin]

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.

[JayJuanGee]

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?

[Elwar]

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?

[toknormal]

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 ? 

[Wekkel]

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.

[El duderino_]

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 ? 

[bitserve]

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?!?!!?

[Wekkel]

For those who love TA charts: “Bitcoin Market Analysis: The Blow Off Top” @TheFeralTaint https://medium.com/@lwilsonrn20/bitcoin-market-analysis-the-blow-off-top-9b08c858c5af

Some parts align with my thoughts of Bitcoin up until somewhere August, and down towards in September.