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

[JayJuanGee]

My plan was to sell half at 100K and let the rest ride. Do you have a sell target for your long-term stash?

Nice round number. But it might be prudent to choose a number that's not too round. To beat the crowd, you know... I bet lots of people think selling the day we hit 100K.

Before JJG comes back I will state the obvious: It's better to go selling in a laddered manner, ie: Beginning in small quantities from ie. below $50K all the way up.. maybe even rebuying some at the customary dips on the road.

Would be a shame if price stopped short of $99K before the next bear market without having sold shit.

But I guess infofront already knows that and was just setting some theoretical milestone for being half fiat half Bitcoin.

I am mostly sure it will take more than one bull run and subsequent bear markets to reach $100K. So better prepare for that too.

I agree with you both. In the last bull run, I just sat back and HEDL. In the next one, I'll try laddered sells when we go parabolic. If I end up with less than my target amount, I'd try to buy on the way down and increase my stash.

I mentioned this in a post a few days ago, but let's say, for example, your target is to have 5 bitcoins that you hold from $10k to $100k (something like that), instead, you buy 6 BTC and then you have a bit extra BTC that you won't feel any kind of emotional attachment when you end up getting rid of it - because it was extra.  Of course, you can use whatever ratio makes you feel comfortable, and surely you have to be careful NOT to end up engaging in sloppy personal finances because you chose to invest 20% or so more than your original plan...   So, for example, you want to make sure that you have all the essentials covered including living expenses, including entertainment and an emergency fund.. but maybe you cut back on going out to eat, so instead of going out three times a week, you only go out two.. or some other overspending that you might be able to relatively comfortably divert into bitcoin.... another example might be that you buy a new car every few years, to buy a toyota instead of a lexus or instead buy a car that is 3 years old rather than a new one.. just to consider as a temporary measure that is deferred gratification and does not really affect you in any kind of meaningful negative way.

[Elwar]

Just remember...when selling you get hit with tax consequences (in the US).

So selling a big chunk is not the best strategy (unless you're just in it for the fiat and supporting your benevolent government with more money).

Personally I was able to retire and I can pull out $35k of my bitcoin every year tax free. I don't have to work the rest of my life.

To me that seemed a bit more important than anything I could cash out and buy.

[JayJuanGee]

So, it being Thursday and all, I just want to make sure everyone remembers that this recently happened...

https://bitcointalk.org/index.php?topic=178336.msg47666946#msg47666946

I don’t have anything against JJG at all, he’s pro bitcoin & to me that makes him alright. I just can not read through his walls of text at times.

His grave head stone will say -

Here lies JJG
TL ; DR

I have similar feelings.  I hardly ever read my own stuff, and if I ever hear myself on a recording, I become repulsed.

On the other hand, I do tend to look at myself in the mirror, except if there is someone more handsome nearby.. then I will tend to look at the more handsome fella.. while admittedly attempting a compare / contrast.  If there happens to be a handsome fella and a decently looking chick, I will gravitate towards the chick, unless the guy happens to look a lot better.   

[Rosewater Foundation]

man I'm sorry I've never comeback to this thread. Hope all are doing well.

Lol I just un-ignored Lambchops.

Porkchop was literally the only reason to visit this thread, for like a year. They were different times.

I mean, the price was in the gutter. But. Anyway. Happy Thursday Jay! You. wordy. bastard.

[JayJuanGee]

Surely there is something off about that comparison because there was not really any kind of flat period in 2014 that resembles the flat period in 2018.  Accordingly, in 2018, BTC prices reached down to sub $6k in early February, and so have been largely holding for 9 months.

2014.. held upper $300s for only a few months, and then capitulated down to mid-to-lower $200s and then bounced around in the mid-$200s for about 8 months before there was a kind of realization that there was no more ability to get the "bad boy" down (and stay down) below $220-ish...

[megadeth]

Just remember...when selling you get hit with tax consequences (in the US).

So selling a big chunk is not the best strategy (unless you're just in it for the fiat and supporting your benevolent government with more money).

Personally I was able to retire and I can pull out $35k of my bitcoin every year tax free. I don't have to work the rest of my life.

To me that seemed a bit more important than anything I could cash out and buy.

4% withdrawal rate?

[cAPSLOCK]

^night goose

Meanwhile in other fake news https://coingeek.com/former-blockstream-cto-gregory-maxwell-sees-light/ https://archive.is/aDswR
https://www.reddit.com/r/btc/comments/9vaqn4/guys_im_going_to_say_it_bitcoin_sv_is_an_attempt/ https://archive.is/bhanD

Gregory Maxwell, co-founder and former CTO of the Bitcoin Core (BTC) institution Blockstream, has had a change of heart. For reasons yet unknown, the crypto expert has come to the realization that Bitcoin SV is the real Bitcoin, and has even offered to lend a hand. He penned an email to Dr. Craig Wright of nChain and Bitcoin BCH development, in which he mentioned that he was prepared to offer his “discreet assistance.” Better late than never, it’s good to see that Maxwell has finally come around. Here is his email, formatted to make reading easier.

Serious chance this is the best trolling of the year.

[bitserve]

So, it being Thursday and all, I just want to make sure everyone remembers that this recently happened...

https://bitcointalk.org/index.php?topic=178336.msg47666946#msg47666946

I don’t have anything against JJG at all, he’s pro bitcoin & to me that makes him alright. I just can not read through his walls of text at times.

His grave head stone will say -

Here lies JJG
TL ; DR

I have similar feelings.  I hardly ever read my own stuff, and if I ever hear myself on a recording, I become repulsed.

On the other hand, I do tend to look at myself in the mirror, except if there is someone more handsome nearby.. then I will tend to look at the more handsome fella.. while admittedly attempting a compare / contrast.  If there happens to be a handsome fella and a decently looking chick, I will gravitate towards the chick, unless the guy happens to look a lot better.  

Ever tried to to think twice before posting and try to condense your post in less words and explanations? I mean, most of us here are not (completely) retarded and can perfectly understand things with a smaller wall of text.... and/or ask for additional clarification otherwise.

In fact I have seen you being perfectly capable of doing that in some posts (just like that one above)... so I am inclined to think you do it on purpose because you like peeps complaining about it, you fucking attention whore!

[Torque]

Volume still pitiful and anemic. Whale traders have not come back yet. We are still adrift.

Could be this way for a long time. 

[lightfoot]

So when will they enable MFA with Authy or something on this forum? Password only security is a joke these days.

[bitserve]

So when will they enable MFA with Authy or something on this forum? Password only security is a joke these days.

When moon?

[jojo69]

the octosphincter is sated.

hey hey

AFTER the initiation ceremony dammit! that is secret stuff

[Ibian]

Political violence is escalating. https://www.youtube.com/watch?v=UMyzRGKA1xE

2020 is going to be insane.

[Last of the V8s]

the octosphincter is sated.

hey hey

AFTER the initiation ceremony dammit! that is secret stuff

such peculiar. very hat-people. wow

[Last of the V8s]

...
Meanwhile in other fake news https://coingeek.com/former-blockstream-cto-gregory-maxwell-sees-light/ https://archive.is/aDswR
https://www.reddit.com/r/btc/comments/9vaqn4/guys_im_going_to_say_it_bitcoin_sv_is_an_attempt/ https://archive.is/bhanD

Gregory Maxwell, co-founder and former CTO of the Bitcoin Core (BTC) institution Blockstream, has had a change of heart. For reasons yet unknown, the crypto expert has come to the realization that Bitcoin SV is the real Bitcoin, and has even offered to lend a hand. He penned an email to Dr. Craig Wright of nChain and Bitcoin BCH development, in which he mentioned that he was prepared to offer his “discreet assistance.” Better late than never, it’s good to see that Maxwell has finally come around. Here is his email, formatted to make reading easier.

Serious chance this is the best trolling of the year.

https://bitcointalk.org/index.php?topic=5065996.0
made a thread about it

[JayJuanGee]

From current 0.2% to 100% adoption means theroretically 9 doublings to go.

Count Me In  

I'm confused about the formula to get from .2% adoption to 100% adoption.  

Seems to me that there would be more than 9 doublings to get to 100%?

I did a quickie calculation, and 9 doublings comes out to about $3.25 million per coin...  

Something does not seem correct about this... seems too low, especially for a hypothetical of 100% adoption.

Edit to account for the below related string of thoughts:

I'll be happy with 3 doublings in 3 years.

As in -

2019 - From $6,000 to $12,000
2020 - From $12,000 to $24,000
2021 - From $24,000 to $48,000

I would accept that, THANK YOU VERY FUCKING MUCH !!!!!!

That does not even look unreasonable.

[Last of the V8s]

From current 0.2% to 100% adoption means theroretically 9 doublings to go.

Count Me In  

I'm confused about the formula to get from .2% adoption to 100% adoption.  

Seems to me that there would be more than 9 doublings to get to 100%?

I did a quickie calculation, and 9 doublings comes out to about $3.25 million per coin...  

Something does not seem correct about this... seems too low, especially for a hypothetical of 100% adoption.

He was talking about 9 doublings of the adoption figure, not the price, but you're right 3.25m is low for an all-out price.

[jojo69]

I hardly ever read my own stuff...I become repulsed.

well there you have it folks

[JayJuanGee]

I hardly ever read my own stuff...I become repulsed.

well there you have it folks

Difficult for me to weasel out of that one.

I've been caught with a baby gator:


 

[jojo69]

We love you Jay, seek help.

Find a subordinate clause anonymous meeting near you.

The first step is to admit that your life is out of control .