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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25460291 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. (157 posts by 13+ users deleted.)
JayJuanGee
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ESG, KYC & AML are attack vectors on Bitcoin


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March 03, 2019, 05:36:09 PM

It is not good to allow btc price stagnation to cause you to become overly anxious... and stagnation is actually better than having new lows...  .. but even if we get new lows, we should try to NOT allow those kinds of possible BTC price performance(s) to cause us anxiety.

Just consider that there could be two years of down and flat and that is likely among the less good (but probable) scenarios, and there ends up being really decent chances that the BTC price is going to outperform your expectations.

Thank you for your concern JJG, but I'm not really broken up.
Just bored to scalp BTC with all this sideways movement.
Other than that, sure I would love to break out over the bear line and go back to a higher range.
Patience is required obviously.

Have a good Sunday my WO brothers.

O.k.  Your anxiety comes off as somewhat self-induced.  Any of us who have been in bitcoin for a decent amount of time and even watching its volatility over the years, understand that even though bitcoin is considered to be highly volatile, such volatility hardly comes on any kind of schedule, so in that regard, it frequently will feel as if bitcoin is a lot less volatile than it is and for seeming extended periods of time of seemingly low volatility.

There is an expression "make hay when its sunny" and in that regard, you cannot really control the weather either, but you can attempt to modify your activities around it.

By the way, I understand that there can be a lot of excitement and even profit making during BTC price volatility periods, but those volatility periods can become quite anxiety causing too - even when the price goes up way beyond expectations and there is a kind of dilemma about what to do, exactly, at least for many people (likely not everyone).

By my presence in this thread, it can be noticed that even I have difficulties figuring out how to better spend my time, rather than watching the BTC price on at least a several times a day basis, but there can be some relief in certain kinds of lower BTC volatility to get some other shit done.
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vapourminer
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what is this "brake pedal" you speak of?


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March 03, 2019, 05:39:39 PM
Merited by JayJuanGee (1)

Financial advisors when you mention bitcoin:
2017: Maybe 1% as a hedge

2018: Laugh at you again
https://twitter.com/alecziupsnys/status/1102179475708612608?s=21

mines never laughed at me but he has stated i have big cajones for not selling more than i did during the `17 bull run.

hes actually very interested and we always talk about it when i meetup with him. ive told him 1% has a very limited downside and a potentially stupid high up side and he agrees. but he hasnt recommended it to any clients afaik. which a cant say that i blame him, at this point. he needs to fully understand it 1st of all. and hes pretty old school, which is fine by me. he covers the low risk stuff (per my instructions), as ive always told him i have the high risk bit covered. he certainly agrees on the high risk bit lol. but he is absolutely impressed with my btcs performance.
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March 03, 2019, 05:42:49 PM
Last edit: March 03, 2019, 06:06:16 PM by Biodom

MagicPoopCannon [funny name, but, apparently, an influential trader]: btc remains bullish and bullishness is increasing.
Target: mid to low 4000 as long as 50 EMA (currently at about 3750) is holding.

https://www.tradingview.com/chart/BTCUSD/KVTwMKsF-Like-I-Said-Don-t-Freak-Out-Bitcoin-s-50-EMA-is-Holding-BTC/

On a second note, should we either move to Wyoming or at least consider domesticating any and all bitcoin-related businesses in Wyoming?
https://twitter.com/tracemayer?lang=en
see retweeted posts
https://twitter.com/CaitlinLong_?lang=en
https://twitter.com/CaitlinLong_/status/1101155388655841280
JayJuanGee
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ESG, KYC & AML are attack vectors on Bitcoin


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March 03, 2019, 06:14:18 PM

Financial advisors when you mention bitcoin:
2017: Maybe 1% as a hedge

2018: Laugh at you again
https://twitter.com/alecziupsnys/status/1102179475708612608?s=21

mines never laughed at me but he has stated i have big cajones for not selling more than i did during the `17 bull run.

hes actually very interested and we always talk about it when i meetup with him. ive told him 1% has a very limited downside and a potentially stupid high up side and he agrees. but he hasnt recommended it to any clients afaik. which a cant say that i blame him, at this point. he needs to fully understand it 1st of all. and hes pretty old school, which is fine by me. he covers the low risk stuff (per my instructions), as ive always told him i have the high risk bit covered. he certainly agrees on the high risk bit lol. but he is absolutely impressed with my btcs performance.


Thanks for sharing some of your back and forth with your financial advisor.  Recently, I have kind of gotten into the 5% to 10% recommendation area for people, but I still stick with the conservative 1% as you mentioned as kind of a bare (bear?) minimum..

In any case, it seems that we continue to be really early adopters in terms of BTC, and most financial advisors are going to be negative or dismissive about BTC, so it is good that you have some kind of a dialogue going with your financial advisor even though it is likely that he has a bit of a financial biased against BTC since there are very few BTC financial instruments in BTC in which they could recommend BTC and that they can also makes some money too (on fees).

Still, also contrary to one of your interests of your financial advisor is that one of the best and most powerful ways to invest in bitcoin is directly, rather than going through a financial advisor, which, in the future, may cause you to wonder about why you are investing much of anything through your "financial advisor" and allowing that third party to take fees from you and likely to be underperforming your BTC investment(s).
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March 03, 2019, 06:18:47 PM
Last edit: March 03, 2019, 06:54:42 PM by Biodom

Hey, maybe a place for micg&gf to visit in Thailand:
https://www.reddit.com/r/Bitcoin/comments/awrt2a/long_bar_at_patong_beach_in_phuket_thailand_just/

Future btc price at 100K-336K (opinion piece):
https://dailyhodl.com/2019/03/03/crypto-analyst-calls-bitcoin-bull-run-from-102000-to-336000-bitcoin-ethereum-xrp-price-analysis/

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March 03, 2019, 06:32:47 PM

Financial advisors when you mention bitcoin:
2017: Maybe 1% as a hedge

2018: Laugh at you again
https://twitter.com/alecziupsnys/status/1102179475708612608?s=21

mines never laughed at me but he has stated i have big cajones for not selling more than i did during the `17 bull run.

hes actually very interested and we always talk about it when i meetup with him. ive told him 1% has a very limited downside and a potentially stupid high up side and he agrees. but he hasnt recommended it to any clients afaik. which a cant say that i blame him, at this point. he needs to fully understand it 1st of all. and hes pretty old school, which is fine by me. he covers the low risk stuff (per my instructions), as ive always told him i have the high risk bit covered. he certainly agrees on the high risk bit lol. but he is absolutely impressed with my btcs performance.


Thanks for sharing some of your back and forth with your financial advisor.  Recently, I have kind of gotten into the 5% to 10% recommendation area for people, but I still stick with the conservative 1% as you mentioned as kind of a bare (bear?) minimum..

In any case, it seems that we continue to be really early adopters in terms of BTC, and most financial advisors are going to be negative or dismissive about BTC, so it is good that you have some kind of a dialogue going with your financial advisor even though it is likely that he has a bit of a financial biased against BTC since there are very few BTC financial instruments in BTC in which they could recommend BTC and that they can also makes some money too (on fees).

Still, also contrary to one of your interests of your financial advisor is that one of the best and most powerful ways to invest in bitcoin is directly, rather than going through a financial advisor, which, in the future, may cause you to wonder about why you are investing much of anything through your "financial advisor" and allowing that third party to take fees from you and likely to be underperforming your BTC investment(s).

When we talk of %invested, do we mean original amount invested, or current ratio? Because mine are VERY different.
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March 03, 2019, 06:57:19 PM
Merited by JayJuanGee (1)




When we talk of %invested, do we mean original amount invested, or current ratio? Because mine are VERY different.

That begs an interesting question with regard to rebalancing of investments.

For any investment, it should represent a minimum and maximum % of the portfolio. Sales and purchases rebalance when it gets outside the range. I would guess BTC s limits for an investor would be a lot wider than for conventional investments (example min 2%, max 50%) but the balancing would still apply.

Opinions will be interesting.
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March 03, 2019, 07:00:46 PM




When we talk of %invested, do we mean original amount invested, or current ratio? Because mine are VERY different.

That begs an interesting question with regard to rebalancing of investments.

For any investment, it should represent a minimum and maximum % of the portfolio. Sales and purchases rebalance when it gets outside the range. I would guess BTC s limits for an investor would be a lot wider than for conventional investments (example min 2%, max 50%) but the balancing would still apply.

Opinions will be interesting.

Every single time I rebalanced my stock portfolio, I lost potential gains.
The explanation is simple: winners (could be either individual stocks or sectors) continue to be winners and losers continue to be losers for much longer than you expect.
In other words: make the initial allocation, then, if it works, don't balance anything, apart from cashing out.
JayJuanGee
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ESG, KYC & AML are attack vectors on Bitcoin


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March 03, 2019, 07:00:53 PM

Financial advisors when you mention bitcoin:
2017: Maybe 1% as a hedge

2018: Laugh at you again
https://twitter.com/alecziupsnys/status/1102179475708612608?s=21

mines never laughed at me but he has stated i have big cajones for not selling more than i did during the `17 bull run.

hes actually very interested and we always talk about it when i meetup with him. ive told him 1% has a very limited downside and a potentially stupid high up side and he agrees. but he hasnt recommended it to any clients afaik. which a cant say that i blame him, at this point. he needs to fully understand it 1st of all. and hes pretty old school, which is fine by me. he covers the low risk stuff (per my instructions), as ive always told him i have the high risk bit covered. he certainly agrees on the high risk bit lol. but he is absolutely impressed with my btcs performance.


Thanks for sharing some of your back and forth with your financial advisor.  Recently, I have kind of gotten into the 5% to 10% recommendation area for people, but I still stick with the conservative 1% as you mentioned as kind of a bare (bear?) minimum..

In any case, it seems that we continue to be really early adopters in terms of BTC, and most financial advisors are going to be negative or dismissive about BTC, so it is good that you have some kind of a dialogue going with your financial advisor even though it is likely that he has a bit of a financial biased against BTC since there are very few BTC financial instruments in BTC in which they could recommend BTC and that they can also makes some money too (on fees).

Still, also contrary to one of your interests of your financial advisor is that one of the best and most powerful ways to invest in bitcoin is directly, rather than going through a financial advisor, which, in the future, may cause you to wonder about why you are investing much of anything through your "financial advisor" and allowing that third party to take fees from you and likely to be underperforming your BTC investment(s).

When we talk of %invested, do we mean original amount invested, or current ratio? Because mine are VERY different.

I think that there are a lot of ways to frame the matter, and my point above was mostly to discuss initial investment.  If someone is a nocoiner or only has a small portion of his/her investment in bitcoin, then a major consideration should be about how much to initially invest into bitcoin.

Of course, if anyone has gone through periods of considerable BTC exponential growth such as 2013 or 2016/2017 (funny first one had two bubbles in one year, and second one took two years to play out), then there are going to be considerations about whether or not the investor should reallocate to bring distribution of investments back in line with the original investment allocations.   Certainly, tough decisions to make, and personally, I tend to believe that it can be quite prudent to perform some reallocation; however, in bitcoin if you have achieved disproportional allocation in bitcoin due to BTC price appreciation, then there may be less of a justification to actually reallocate back to original percentages - and the equity that you have built in bitcoin causes a certain amount of justification to continue with much higher allocations in BTC because the BTC portion mostly becomes a kind of icing on the cake and a kind of house money, and if you had been investing into BTC with money that you were willing to lose, then you should still be able to continue to sustain your lifestyle with your other non-btc investments without taking drastic measures to remove BTC investment value.

On the other hand, if you started investing into bitcoin when BTC prices were much higher than they are now, and your current BTC portfolio is in the negative, then there is likely little to NO need to change your investment approach, and in fact it may become easier to end up investing in the higher end of the range of the 5% to 10% of value because if the BTC price is in a kind of falling trend relative to the rest of your portfolio, then putting the equal amount of money that you had been putting into BTC might cause your total amount into BTC to more easily gravitate towards the higher end of the 5 to 10% range without any considerable effort from you or even any feeling of additional risk (since, hopefully, you are investing with money that you could afford to lose - if BTC were to go to zero). 

That's my perspective of some considerations of whether reallocation might be considered, and the kinds of calculations that BTC HODLers/accumulators should be attempting to account in terms of their own financial circumstances - including cashflow, other investments, timeline, risk tolerance and how much time s/he wants to spend playing around with his/her investment (which might include buying/selling some on price swings to attempt to ameliorate some of the extremes and to hopefully profit from likely ongoing BTC price volatility).
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March 03, 2019, 07:03:16 PM




When we talk of %invested, do we mean original amount invested, or current ratio? Because mine are VERY different.

That begs an interesting question with regard to rebalancing of investments.

For any investment, it should represent a minimum and maximum % of the portfolio. Sales and purchases rebalance when it gets outside the range. I would guess BTC s limits for an investor would be a lot wider than for conventional investments (example min 2%, max 50%) but the balancing would still apply.

Opinions will be interesting.

Every single time I rebalanced my stock portfolio, I lost potential gains.
The explanation is simple: winners (could be either individual stocks or sectors) continue to be winners and losers continue to be losers for much longer than you expect.
In other words: make the initial allocation, then, if it works, don't balance anything, apart from cashing out.

Happy with that Smiley
BitcoinGirl.Club
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March 03, 2019, 07:10:52 PM

Deleted my Coinbase account today.
#deletecoinbase

I received email today from them to create a new account and verify it with the details of my old account then after verification they will delete the temporary account and restore my real account.

I am not gonna do that. I hope they delete my account. Here was my response LOL
Quote
Can you delete my account if there are not balance in there? I am not going through creating new account to restore my account. I wanted to delete my old account. That's it.

Thanks for your service.

Please let me know once you delete the account.
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March 03, 2019, 07:19:27 PM

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March 03, 2019, 07:25:56 PM

Still limping along in the same price range, there’s got to be a move up or down soon, surely?
mindrust
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March 03, 2019, 07:31:45 PM
Merited by LFC_Bitcoin (1)

Still limping along in the same price range, there’s got to be a move up or down soon, surely?

Nope.

$2.5k-5k is the new boring range for the next 2 years. Don't expect anything more interesting than that. Keep accumulating.
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March 03, 2019, 07:35:45 PM

Still limping along in the same price range, there’s got to be a move up or down soon, surely?

Nope.

$2.5k-5k is the new boring range for the next 2 years. Don't expect anything more interesting than that. Keep accumulating.

This is my belief*.

*Based on the smell of my own farts (aka absolutely nothing).
LFC_Bitcoin
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March 03, 2019, 07:36:29 PM
Merited by JayJuanGee (1), mindrust (1)

Still limping along in the same price range, there’s got to be a move up or down soon, surely?

Nope.

$2.5k-5k is the new boring range for the next 2 years. Don't expect anything more interesting than that. Keep accumulating.

I’m caught in two minds -

1.) I want to buy as many bitcoin’s as I can for when we moon
2.) I want the price to go up ASAP

I change my mind as to which option I prefer day by day.

How does everybody else feel?
mindrust
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March 03, 2019, 07:39:05 PM

Still limping along in the same price range, there’s got to be a move up or down soon, surely?

Nope.

$2.5k-5k is the new boring range for the next 2 years. Don't expect anything more interesting than that. Keep accumulating.

I’m caught in two minds -

1.) I want to buy as many bitcoin’s as I can for when we moon
2.) I want the price to go up ASAP

I change my mind as to which option I prefer day by day.

How does everybody else feel?

That's also how i feel. I know I have a decent position already but I also want to buy more from those cheap prices before it moons. But I also don't want to over invest neither. (in case there will be a better opportunity to buy cheaper)

Maybe I am losing my sanity.
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March 03, 2019, 07:39:32 PM



$2.5k-5k is the new boring range for the next 2 years. Don't expect anything more interesting than that. Keep accumulating.

$2.5K? 🤔


How does everybody else feel?

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March 03, 2019, 07:41:10 PM



$2.5k-5k is the new boring range for the next 2 years. Don't expect anything more interesting than that. Keep accumulating.

$2.5K? 🤔



Yep 2.5k is a legit possibility. TA says so. Check this out:

https://www.tradingview.com/chart/BLX/W5wwj74c-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue-BLX-Update/

We haven't seen a real capitulation yet.
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March 03, 2019, 07:41:15 PM

Still limping along in the same price range, there’s got to be a move up or down soon, surely?

Nope.

$2.5k-5k is the new boring range for the next 2 years. Don't expect anything more interesting than that. Keep accumulating.

I’m caught in two minds -

1.) I want to buy as many bitcoin’s as I can for when we moon
2.) I want the price to go up ASAP

I change my mind as to which option I prefer day by day.

How does everybody else feel?

That's also how i feel. I know I have a decent position already but I also want to buy more from those cheap prices before it moons. But I also don't want to over invest neither.

Maybe I am losing my sanity.

Same really, I have a good position (HODLING) but I think you/I can always have more. Greed plays a big part in my thinking. I mean if it’s possible to buy x amount more whole bitcoin’s then when/if we reach $100,000 per bitcoin you’re talking about a big difference in personal net worth.

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