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

[bitserve]

I'd say though that people should decide on a price and proportion of coins that works for them and get rid no matter what the market looks like it might do once those targets are hit.

Yeah, don't back-pedal on your targets when the time comes and don't fall into the trap of reinvesting what you intend to keep out.

Having said that, Bitcoin is always one step ahead of the game...

Yup, that's a great advice. Only reinvest what you plan to reinvest and keep out what you plan to keep out. In "practical sense" only what you take out for good should be counted as profit taken. Other than that is just "trading".

[1714265582]

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[1714265582]

1714265582

[serveria.com]

Flappening confirmed

Yeah, LTC market is now bigger than BCH! Flappening price-wise to follow soon? 

[Raja_MBZ]

First and foremost, when the time comes take some fucking profits.

This is what I must regret.

If I had take 10-20% profil I would had recover almost all my investment and would be relaxed now. Possible buying more.

Never try that. Never sell until and unless they're worth enough to make you rich. That's what I've learned from an epic bull run of 2017. I was almost 90% out of crypto by August-November 2017 because I "took profits at 1.5x to 2x".

Maximize your greed, if you're ready to spend a few years in waiting.

[Butterscotch Cartman]

Next stop 2k
"Buy the Dip"

1k
"Buy the Dip"

$10
"crypto was a scam all along"

[wayna]

This is getting very, very reminiscent of the last bear market both price trajectory but also our very own WO thread activity. We’re going back to 2015 levels of posting. It’s totally dying in here which is possibly a good sign to tell you the bottom might be in or at least very close.

On a large scale, the downtrend is flattening... until now.

A common error of traders is that they want to catch the very bottom.
You don't NEED that. Actually, unless you're the big whale(or group) that's moving the price you probably won't manage to "catch the falling knife".
Instead of that, near the bottom there's plenty of time to think and make a good decision to buy and make a good profit with lower risk of missing out.

That's way I bought on the way down. There is a good chance the price will go down further but... damn... I even bought when it was 12-13k... now it's time to make decisions!

[Last of the V8s]

.
$10
"crypto was a scam all along"

if it goes to ten dollars i'll eat your dick

[lightfoot]

Guess we need to wait till Bitmain decides to pump their latest shitcoin. Wonder when they will run out of BTC....

[BTCMILLIONAIRE]

First and foremost, when the time comes take some fucking profits.

This is what I must regret.

If I had take 10-20% profil I would had recover almost all my investment and would be relaxed now. Possible buying more.

Never try that. Never sell until and unless they're worth enough to make you rich. That's what I've learned from an epic bull run of 2017. I was almost 90% out of crypto by August-November 2017 because I "took profits at 1.5x to 2x".

Maximize your greed, if you're ready to spend a few years in waiting.

Simple solution. Take, say, 10% of your "new" profit on the way up.


Say you have 1000 as a baseline, you go up to 2000, you take out (2000-1000)*0.1 = 100.

Now you go from 1900 to 3900, and take out (3900-1900)*0.1 = 200.

In total you've taken out 300, which is 30% of your base value, but you still have 3700 left, which is 2700 over your baseline, or a total of 370%.

Suppose you now drop 86% and you find yourself at 518, had you not taken anything out you would be at 560, so the difference is 42.

You lost 42, but gained 300, hence a profit of 258.


You can adjust the 10% based on your own preferences, but this way you won't ever go 90% out of crypto, while still cushioning the fall to a point where you will either be happy with your profits spent on random toys, or have cash ready for the reversal.


tl;dr Take out a fixed proportion of your profits and don't worry about being "all out" or "all in" ever again. If you want to get fancy you can use variable rates, but you better double check what you're doing before you start.

[BTCMILLIONAIRE]

Next stop 2k
"Buy the Dip"

1k
"Buy the Dip"

$10
"crypto was a scam all along"

At $10 I'm selling my house. Not joking either.

[bitserve]

First and foremost, when the time comes take some fucking profits.

This is what I must regret.

If I had take 10-20% profil I would had recover almost all my investment and would be relaxed now. Possible buying more.

Never try that. Never sell until and unless they're worth enough to make you rich. That's what I've learned from an epic bull run of 2017. I was almost 90% out of crypto by August-November 2017 because I "took profits at 1.5x to 2x".

Maximize your greed, if you're ready to spend a few years in waiting.

I would say you are on the other side of the balance than most people here. I mean... who would take profits at a mere 2x? And *90%* out?

Many people here were at more than 20x profit (at ATH) and didn't take a cent out or just very little in proportion. Going all-in or all-out like that is just crazy gambling.

[JimboToronto]

You'll never walk alone

Great song.

Best version ever is by that Liverpool band Gerry and the Pacemakers (attention Mic and LFC).

Thanks for reminding me. I'll be adding it to my Xmas show this year.

I know it's not actually a Xmas song but neither is Baby It's Cold Outside and I'll be doing that in every set this year.

Go Bitcoin go (up please).

[Last of the V8s]

https://weeklyglobalresearch.wordpress.com/2018/12/15/saturday-15th-december/
lots of goodies in this newsletter

[Globb0]

need to wear a beer jacket

I’m going to hard today mate.... beer just 1 big one, wine is flowing as crazy, hot chocolate with amaretto.....
Booze keeping me warm today, but its needed, cos i’m freezing

Ill come meet you when you come further south. 

[Raja_MBZ]

First and foremost, when the time comes take some fucking profits.

This is what I must regret.

If I had take 10-20% profil I would had recover almost all my investment and would be relaxed now. Possible buying more.

Never try that. Never sell until and unless they're worth enough to make you rich. That's what I've learned from an epic bull run of 2017. I was almost 90% out of crypto by August-November 2017 because I "took profits at 1.5x to 2x".

Maximize your greed, if you're ready to spend a few years in waiting.

I would say you are on the other side of the balance than most people here. I mean... who would take profits at a mere 2x? And *90%* out?

Many people here were at more than 20x profit (at ATH) and didn't take a cent out or just very little in proportion. Going all-in or all-out like that is just crazy gambling.

Actually, I was quite loaded with BTC even in 2015; I got those BTC mostly at $2xx. Keeping the psychological value of "$2xx" in mind, I started to take profits from $300+. Took profits at $300, then at $500, at $1000, more at $2000, and a lot more at ~$3500. By September 2017, I had almost "no BTC" left to sell (I was still quite heavy on alts though).

I must say, I stupidly underestimated bitcoin all that time, and had a completely messed up & crappy strategy. Oh well, whatever happened, can't be reversed anymore.

[Searing]

Next stop 2k
"Buy the Dip"

1k
"Buy the Dip"

$10
"crypto was a scam all along"

At $10 I'm selling my house. Not joking either.

yeah at $10 BTC ...I will become a 'minimalist' having less crap with a tiny house and a plot of land would sound very good about then....(one extreme trend or the other ..that's my motto)

[dandannn]

With all this doom and gloom its nice to take a step back, away from the charts and look at the ongoing developments around bitcoin, it does make you realize why you fell in love with it in the first place, or is that just me?

Going to set my buy orders up over Christmas and commit to not looking at the price every 10 minutes. I will be setting up a LN node to help utilize my free time.

[Last of the V8s]

You'll never walk alone

Great song.

Best version ever is by that Liverpool band Gerry and the Pacemakers (attention Mic and LFC).

Thanks for reminding me. I'll be adding it to my Xmas show this year.

I know it's not actually a Xmas song but neither is Baby It's Cold Outside and I'll be doing that in every set this year.

Go Bitcoin go (up please).

Would love to hear that. Yes it became Liverpool FC's anthem I guess because of that cover. Very appropriate also for the weather themes and the state of bitcoin.
It went up a bit. Pl keep asking lol.

[Toxic2040]

You'll never walk alone

Great song.

Best version ever is by that Liverpool band Gerry and the Pacemakers (attention Mic and LFC).

Thanks for reminding me. I'll be adding it to my Xmas show this year.

I know it's not actually a Xmas song but neither is Baby It's Cold Outside and I'll be doing that in every set this year.

Go Bitcoin go (up please).

Reminds me of Roy quite a bit.. 

+1 WOsMerit

---------
Slightly different genre but relevant with the uptick we are seeing.
I got mine...how about you? Moar cowbell!

https://www.youtube.com/watch?v=sfHLqaFrzRA

[serveria.com]

Guys, we're in the green?

[Hueristic]

https://m.facebook.com/lucky.green.73/posts/10155498914786706
https://archive.is/5XXHF
Timothy C May rip

further eulogy by @shinobi here: https://youtu.be/cvbm0YlKV04
a recent interview with him https://www.youtube.com/watch?v=MgmTnRivwXw

https://activism.net/cypherpunk/crypto-anarchy.html

https://www.wired.com/1993/02/crypto-rebels/

https://www.youtube.com/watch?v=2UBRkn-kB6I