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

[JayJuanGee]

Should I start swing-trading?

How many times did we now exceed 7k for 1-2 days just to fall back to 6-6,5k ?

My next hopes are set out for the Halving in 2020 ...

Yes, you should be trading. The more pessimistic the better. Hodling has been a suckers game all year. Look to it.

HODLing tends to be amongst the best of strategies, when it comes to bitcoin.  If you try to parse out a time frame in which it has not worked, then you are just causing yourself to be overly and unnecessarily emotional about a largely good investment (BTC) and a largely good strategy (accumulate and HODL).  

I am not speaking theory. because I do a bit of a variation of HODL, which allows for a bit of small selling on the way up but the vast majority of my funds fits into the category of HODL, and those funds are doing quite well... and likely to do quite well into the future (3-5 years is fair and reasonable, but perhaps even a shorter time frame will show significant HODL price/value appreciation), as long as I don't become too short term emotional about them.

[HairyMaclairy]

If BTC hits 6 figures this year, I'll blow everyone in this thread.

Saving this just in case. 

[JayJuanGee]

I guess market looks like this right now after 900$ candle

What a bunch of bullshit.

It may be true that crypto overall (not talking about bitcoin) has a certain amount of exodus, but you are posting in the bitcoin thread, so don't be dragging bitcoin into the shitcoin market dynamics that may well be contributing to our current weak hands shaking dynamics, which likely includes bitcoin... any price manipulator is going to attempt to shake any project that s/he can reasonably shake, if s/he thinks that he can make some money from such shaking... which includes bitcoin.

[JayJuanGee]

I still don’t like seeing the price dump but it doesn’t worry me anywhee near as much as it used to.

Exactly, we, the long-time HODLers have become immune to these dumps. We're bullet-proof guys!

I doubt that we are immune because we are "bullet-proof,"  yet I do believe that a vast majority of the longer term HODLers are much more in profits than they were during 2015.. makes it much more bearable to HODL through extensive ongoing price corrections (dips) when your portfolio is between (4x and 30x) in profits (amount of profits depending on how low your current average cost per BTC).

[kurious]

If BTC hits 6 figures this year, I'll blow everyone in this thread.

Saving this just in case. 

So you can be first in the queue...? 

[DireWolfM14]

If BTC hits 6 figures this year, I'll blow everyone in this thread.

Slow yer roll there, big guy.  [praying for $99999.99 BTC, and not a penny more.]

[d_eddie]

If BTC hits 6 figures this year, I'll blow everyone in this thread.

Slow yer roll there, big guy.  [praying for $99999.99 BTC, and not a penny more.]

No public BJ promises made in the WO thread have ever been honored as far as I know. Bitcorn can go as high as we like, and no mouth muscle will be involved.

[JayJuanGee]

'Cause whales want you to buy Bitcoin during a downtrend. Never during an uptrend (except near the next blow off top).

JJG could be a whale then 

It seems to me that the practice of buying on the way down and selling on the way up is a "well-established" practice.  It is certainly no original idea from me, I just happen to spout it off on a regular basis because I remain pretty strict in continuing to follow such a practice and I believe that it works quite well, especially for any asset that you expect to have strong long term fundamentals (i.e. bitcoin).

Gosh.. actual "whale" status would seem to require several thousand coins, no - unless the "whale" figures out a way to manipulate with smaller coin quantities, perhaps using smaller exchanges, and of course, being able to influence others through information could cause a lot lower coin requirement to reach "whale" status?

[HairyMaclairy]

No public BJ promises made in the WO thread have ever been honored as far as I know. Bitcorn can go as high as we like, and no mouth muscle will be involved.

We need a trustless global BJ system

[d_eddie]

'Cause whales want you to buy Bitcoin during a downtrend. Never during an uptrend (except near the next blow off top).

JJG could be a whale then 

It seems to me that the practice of buying on the way down and selling on the way up is a "well-established" practice.  It is certainly no original idea from me, I just happen to spout it off on a regular basis because I remain pretty strict in continuing to follow such a practice and I believe that it works quite well, especially for any asset that you expect to have strong long term fundamentals (i.e. bitcoin).

Gosh.. actual "whale" status would seem to require several thousand coins, no - unless the "whale" figures out a way to manipulate with smaller coin quantities, perhaps using smaller exchanges, and of course, being able to influence others through information could cause a lot lower coin requirement to reach "whale" status?

Actually I was just teasing  

Buying on the way down and selling on the way up is the sensible thing to do for long term bulls - which, I guess, most of us are.

[JayJuanGee]

[ edited out]

you've been in this game way longer than I have so I just want to ask some questions, hope you don't mind.

Does the fact that you bought bitcoin like 5 years ago make any difference on the life you live right now moneywise, do you take profits and buy stuff you otherwise couldn't afford with your job, or do you just reinvest more?

I recognize that your question is not directed to me, but it remains quite possible to do both of the things that you are asserting and you do not have to have more than 5 years in bitcoin in order to have both built equity and established a system in which you are able to cash out some of it for enjoyment purposes while continuing to invest into bitcoin.

Furthermore, contrary to what you seem to be implying (regarding value in "enjoying life") there may be a considerable disadvantage to cash out too much of your bitcoin for either consumer goods (greatly depreciating assets or consumable) or placing your value into assets that either do not hold their value or do not long term appreciate as much as bitcoin (even while short term some other assets might either depreciate less than bitcoin or appreciate more than bitcoin).

[d_eddie]

No public BJ promises made in the WO thread have ever been honored as far as I know. Bitcorn can go as high as we like, and no mouth muscle will be involved.

We need a trustless global BJ system

Indeed. And don't forget about distributed. Which would entail a number of, uh, operators alternating on the job, I suppose? Of course only a single lucky one will get to, hm, validate eventually - but the reward could be shared among all those in the pool.

[lightfoot]

Oh you need a blowjob blockchain. We used to use blowjobs as units of currency back in the early dot.com days. You could redeem them at any time, however the person redeeming got to choose the person to perform the blowjob. Because the currency was to have no intrinsic value, only as a medium of exchange.

Thus you could get an A1 class hooker or someone from SW DC on a Thursday night. Worked well for a number of years, I think I might still be owed a blowjob or two from the heads of FTP software. Hm.....

[Hueristic]

If BTC hits 6 figures this year, I'll blow everyone in this thread.

Saving this just in case.  

I'd love to see a spike to $99999.99 just because.

If BTC hits 6 figures this year, I'll blow everyone in this thread.

Slow yer roll there, big guy.  [praying for $99999.99 BTC, and not a penny more.]

Hah, same thought.

Oh you need a blowjob blockchain. We used to use blowjobs as units of currency back in the early dot.com days. You could redeem them at any time, however the person redeeming got to choose the person to perform the blowjob. Because the currency was to have no intrinsic value, only as a medium of exchange.

Thus you could get an A1 class hooker or someone from SW DC on a Thursday night. Worked well for a number of years, I think I might still be owed a blowjob or two from the heads of FTP software. Hm.....

I got an offer of free blowjobs to jump pool teams from a team of chicks.
Lol the good ol days.

[El duderino_]

via Imgflip Meme Generator

Curious what morning is gonna bring .....

[bitserve]

24777$

03/08/2018 toxic2040
28/08/2018 bitserve
15/10/2018 Yefi
05/11/2018 mikenz
31/12/2018 melman2002
01/01/2019 Spaceman_Spiff_Original
12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56

UPDATE     AND GOOD LUCK

I would be very happy if gentlemand wins this list. He has a very good reasonable chance IMHO.


P.S.: I wouldn't like luckygenough56 winning (or never winning) it because of... reasons. Nothing personal though.

[bitserve]

Oh you need a blowjob blockchain. We used to use blowjobs as units of currency back in the early dot.com days. You could redeem them at any time, however the person redeeming got to choose the person to perform the blowjob. Because the currency was to have no intrinsic value, only as a medium of exchange.

Thus you could get an A1 class hooker or someone from SW DC on a Thursday night. Worked well for a number of years, I think I might still be owed a blowjob or two from the heads of FTP software. Hm.....

Hey, it sounds depressing to compare bitcoin to the dot.com bubble. Just saying.

I don't think blockchain has reached the level of ubiquity and mass fomo dot.com reached during that time. No(fucking)where near that level... yet.

[vapourminer]

yup, working 7am to 6pm. acquire more FIAT which we can exchange to BTC. get rich and retired in 2022.

you've been in this game way longer than I have so I just want to ask some questions, hope you don't mind.

Does the fact that you bought bitcoin like 5 years ago make any difference on the life you live right now moneywise, do you take profits and buy stuff you otherwise couldn't afford with your job, or do you just reinvest more?

im not Gyrsur but i mined btc back in 2011 onward and also buy/bought here and there over the years.

my answers are huge yes, big yes, and yes.

[bitserve]

yup, working 7am to 6pm. acquire more FIAT which we can exchange to BTC. get rich and retired in 2022.

you've been in this game way longer than I have so I just want to ask some questions, hope you don't mind.

Does the fact that you bought bitcoin like 5 years ago make any difference on the life you live right now moneywise, do you take profits and buy stuff you otherwise couldn't afford with your job, or do you just reinvest more?

im not Gyrsur but i mined btc back in 2011 onward and also buy/bought here and there over the years.

my answers are huge yes, big yes, and yes.

May I ask what is the percentage between total incoming BTC over that time and currently hodl'ed BTC is? Or maximum BTC hodled vs currently....

[DireWolfM14]

No public BJ promises made in the WO thread have ever been honored as far as I know. Bitcorn can go as high as we like, and no mouth muscle will be involved.

We need a trustless global BJ system

Decentralized trustless BJ blockchain...  Brilliant idea for my next ICO scam.