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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25496310 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (158 posts by 14 users with 9 merit deleted.)
Butterscotch Cartman
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December 15, 2018, 08:20:30 PM

Next stop 2k
"Buy the Dip"

1k
"Buy the Dip"

$10
"crypto was a scam all along"
1638784477
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wayna
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December 15, 2018, 08:24:10 PM

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
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December 15, 2018, 08:26:54 PM

.
$10
"crypto was a scam all along"
if it goes to ten dollars i'll eat your dick
lightfoot
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December 15, 2018, 08:27:00 PM

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

BTCMILLIONAIRE
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December 15, 2018, 08:27:08 PM
Merited by Raja_MBZ (1)

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
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December 15, 2018, 08:30:05 PM

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
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December 15, 2018, 08:30:31 PM

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
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December 15, 2018, 08:32:26 PM

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
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December 15, 2018, 08:35:16 PM

https://weeklyglobalresearch.wordpress.com/2018/12/15/saturday-15th-december/
lots of goodies in this newsletter
Globb0
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December 15, 2018, 08:38:47 PM

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 Wink

Ill come meet you when you come further south.  Smiley


Raja_MBZ
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December 15, 2018, 08:53:10 PM

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
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December 15, 2018, 08:56:42 PM

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
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December 15, 2018, 09:06:21 PM

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
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December 15, 2018, 09:06:31 PM

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
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December 15, 2018, 09:11:04 PM

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
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December 15, 2018, 09:14:35 PM

Guys, we're in the green?
Hueristic
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December 15, 2018, 09:16:36 PM


https://www.youtube.com/watch?v=2UBRkn-kB6I
stoat
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December 15, 2018, 09:21:13 PM

What if the price goes down to $2000 and then back to $3000 and then back to $2000 and then to $4000 and then a big crash to $1000 and then back to $2000 and then back to $3000 and then back to $2000 and then to $3000 and then to $4000 and then to $3000 again and then down to $2000 and then up to $3000 and then to $1000 and then to $1500 and then $1000 [ETH FLIPS BTC HERE]  and then down to $800 and then $1000 then $900, $800, $700, $600, $500, $400, $300, $200, $100, $50, $10, $1, $0.01, [Delisted from Binance]
El duderino_
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December 15, 2018, 09:24:39 PM

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 Wink

Ill come meet you when you come further south.  Smiley




Haha Nice, what country are you from?
Pffff the evening there is a lot of life here, it seems no one in here is experiencing the DIP as we do Roll Eyes they are al partying and drinking, can’t keep up cause still a little sick and massive tired Sad
El duderino_
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December 15, 2018, 09:25:34 PM

What if the price goes down to $2000 and then back to $3000 and then back to $2000 and then to $4000 and then a big crash to $1000 and then back to $2000 and then back to $3000 and then back to $2000 and then to $3000 and then to $4000 and then to $3000 again and then down to $2000 and then up to $3000 and then to $1000 and then to $1500 and then $1000 [ETH FLIPS BTC HERE]  and then down to $800 and then $1000 then $900, $800, $700, $600, $500, $400, $300, $200, $100, $50, $10, $1, $0.01, [Delisted from Binance]

What is eth ?
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