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Question: Will we close Nov. at or above Plan B's posited minimum of $98K?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25492373 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.)
ivomm
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March 12, 2019, 05:21:17 PM
Merited by vapourminer (1), _javier_ (1)

I am watching in the last days the short and long positions. In Bitfinex shorts are 49% and longs are 51%. According to https://www.tradingview.com/symbols/BTCUSDLONGS/, the longs are very low - 22010, while the shorts are climbing in - 21150. The last pump was preceded by longs on ATH for the last months and shorts on ATL. This may be the reason the pump didn't go beyond the resistance $4200. Now, the bulls have a golden chance to rekt the shorts by a bull run that will breach that resistance.  Come on, bulls, eat that bear short n00bs, who still have wet dreams for $2000.  Grin The shorters don't realize how vulnerable are they this time. In 2018 they may had some wins, but not this time, n00bs! You really need to learn a lesson that you can't play games with the king BTC! I just want to see the faces when we reach $5000 of those who trolled that we have not bottomed yet! Something like that:

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StartupAnalyst
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March 12, 2019, 05:22:47 PM


But BTC is the reason i drink! I bought @20K!

Do you believe in it?

If no, then just wait and once the price will cross 20k then get rid of them immediately .

Your money your choice, this is the beauty of Bitcoin.

I know that you are talking hypothetical here, Pamoldar, but selling just above $20k would not be a well-thought out plan.

Also, I doubt that fillippone is serious about buying at $20k and implying that he did not buy further after that.  

If you believed enough to buy at $20k, and you have not bought since, and you held all the way down, then there is a time, now, to buy or continue to buy.  Bring down your average price per BTC and likely increase your selling options at lower prices.

For example, buying the same amount of dollar value of BTC at $4k as what was bought at $20k would cut your average price per BTC to the mid-point between $20k and $4k, which would be $12k.  Many variations on that, too, and nothing wrong with selling on the way up, as long as, from my approach to the matter, the portion that you are selling is sold for higher prices than bought.
I like the fact that you advise fillippone, but I don't think it's worth selling BTC for less than $25,000, especially if you can buy them for $10,000 for $6,000 and finally for $4,000.

Edit:I don't think there's any point in selling your BTC.
fillippone
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March 12, 2019, 05:29:27 PM
Last edit: March 12, 2019, 05:53:36 PM by fillippone


But BTC is the reason i drink! I bought @20K!

Do you believe in it?

If no, then just wait and once the price will cross 20k then get rid of them immediately .

Your money your choice, this is the beauty of Bitcoin.

I know that you are talking hypothetical here, Pamoldar, but selling just above $20k would not be a well-thought out plan.

Also, I doubt that fillippone is serious about buying at $20k and implying that he did not buy further after that.  

If you believed enough to buy at $20k, and you have not bought since, and you held all the way down, then there is a time, now, to buy or continue to buy.  Bring down your average price per BTC and likely increase your selling options at lower prices.

For example, buying the same amount of dollar value of BTC at $4k as what was bought at $20k would cut your average price per BTC to the mid-point between $20k and $4k, which would be $12k.  Many variations on that, too, and nothing wrong with selling on the way up, as long as, from my approach to the matter, the portion that you are selling is sold for higher prices than bought.
I like the fact that you advise fillippone, but I don't think it's worth selling BTC for less than $25,000, especially if you can buy them for $10,000 for $6,000 and finally for $4,000.

Edit:I don't think there's any point in selling your BTC.

I made clear suggesting the idea I bought my BTC at 20K was only a joke to answer micgoossens post, I also returned the merit he sent to me because of that.

I wrote some good stuff today, whey are we only discussing the bad one?
Febo
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March 12, 2019, 05:47:19 PM

I'm still waiting to happen this cross. My pocket is ready for this. Patience is the key!


Price will be almost no different then. Yes you will be few months less exposed to Bitcoin but you will not gain anything if you will buy few months from now compared to right now.
Phil_S
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March 12, 2019, 05:48:23 PM

Opsec lessons from Jameson Lopp:

https://www.nytimes.com/2019/03/12/technology/how-to-disappear-surveillance-state.html

Quote
Mr. Lopp, a self-described libertarian who works for a Bitcoin security company, had long been obsessed with the value of privacy, and he set out to learn how thoroughly a person can escape the all-seeing eyes of corporate America and the government. But he wanted to do it without giving up internet access and moving to a shack in the woods.

Many celebrities and wealthy people, wary of thieves, paparazzi and other predators, have tried to achieve Mr. Lopp’s vision of complete privacy. Few have succeeded.

Mr. Lopp viewed the exercise as something of an experiment, to find out the lengths he’d have to go to extricate himself from the databases and other repositories that hold our personal information and make it available to anyone willing to pay for it. That helps explain why he was willing to describe the steps he’s taken with me (though he did so from a burner phone, without disclosing his new location).
...
Ibian
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March 12, 2019, 05:58:19 PM

In this particular instance all I see is hypocrisy on your part. You fling ad hominems around without contributing to the discussion whatsoever. The hypocrisy of yours is a direct result of you bold quoting "willful ignorance" while completely ignoring every single thing I've said.

Again, the only problem are people like you. I'm providing objective points of concern from both sides, while you attack people from a perspective that you've picked up in MSM that you clearly don't know shit about. Otherwise you would have a civil discussion instead of attacking me.

You are correct sir..I am calling your character in to question...flat out. If people like me are the problem then I thank the Lord that we still seem to have the majority and the World continues on its merry chaotic way. I hear nothing objective from your opinions other than a sense of bloated self-righteousness bordering on megalomania. Be that at as it may, I believe everyone is entitled to have an opinion and its completely obvious that you have yours and I have mine. Do not think for a second however that I wont call bullsh*t on you when and where appropriate as I have in the past and will continue to do so in the future. That you call my perspective main stream is laughable and truly shows how little you know and gives insight as to where you think you are. If you want to have a civil conversation fine, but I can not get over the feeling that you have almost zero real world experience in the things you talk about. With nigh 4 decades working out in the field in heavy industry and to have literally watched the sky burn and cry tears of oil I can tell you that from my perspective, humanity is impacting the planet. Your blasé attempts to provide "points of concern" appear disingenuous and frankly argumentative. Climate change or environmental change, whatever you care to label it is happening and waiting until hypothesis is proven out as fact in this case would be in my humble opinion nothing short of recklessness.

Upon further thought I was not flinging anything around, this is just plain false. I specifically asked you to pick a direction with a expletive added in for vernacular. If you choose to take this as an ad hominem attack that is your prerogative.

Honestly, it does not matter at this point as I do not feel I will change your mind with my opinions or experiences and we are pretty well off topic so why we dont we leave it with that. Good day.
Hey. Hey? You are the rat.
BitcoinGirl.Club
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Quote me if you want a response


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March 12, 2019, 06:03:39 PM

^^ LOL what is going on?
JSRAW
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March 12, 2019, 06:07:21 PM

According to HuffPost, on average people spend about $650 on Alcohol every month.


Is it really true? I doubt that it's based on average calculation according to the World. Maybe only in the first World? but Highly doubt when it comes to Third world countries.



For example, buying the same amount of dollar value of BTC at $4k as what was bought at $20k would cut your average price per BTC to the mid-point between $20k and $4k, which would be $12k.  Many variations on that, too, and nothing wrong with selling on the way up, as long as, from my approach to the matter, the portion that you are selling is sold for higher prices than bought.

@JJG Your posts are good study material.

But sometimes I get lost because of long posts ( I mostly use the phone to read posts here.)
JayJuanGee
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ESG, KYC & AML are attack vectors on Bitcoin


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March 12, 2019, 06:10:38 PM
Merited by JSRAW (1)


But BTC is the reason i drink! I bought @20K!

Do you believe in it?

If no, then just wait and once the price will cross 20k then get rid of them immediately .

Your money your choice, this is the beauty of Bitcoin.

I know that you are talking hypothetical here, Pamoldar, but selling just above $20k would not be a well-thought out plan.

Also, I doubt that fillippone is serious about buying at $20k and implying that he did not buy further after that.  

If you believed enough to buy at $20k, and you have not bought since, and you held all the way down, then there is a time, now, to buy or continue to buy.  Bring down your average price per BTC and likely increase your selling options at lower prices.

For example, buying the same amount of dollar value of BTC at $4k as what was bought at $20k would cut your average price per BTC to the mid-point between $20k and $4k, which would be $12k.  Many variations on that, too, and nothing wrong with selling on the way up, as long as, from my approach to the matter, the portion that you are selling is sold for higher prices than bought.
I like the fact that you advise fillippone, but I don't think it's worth selling BTC for less than $25,000, especially if you can buy them for $10,000 for $6,000 and finally for $4,000.

Edit:I don't think there's any point in selling your BTC.

Ultimately, each of us has to figure out what is our plan in regards to BTC, and early on such plan would be to figure out your BTC to fiat ratios with also considering your other investments, cashflow, timeline, risk tolerance, view of bitcoin, etc. 

Thereafter, accumulate to reach your goal in a timeline that is suitable then go on to a maintenance phase.

At some point, some incremental selling of BTC would likely be prudent for insurance purposes (which would be preferable after you have already reached a maintenance rather than accumulation phase.. but HODLers are free to differ in their thinking about this), and larger scale selling of BTC for either enjoying the asset that you have already accumulated in a passive income kind of way or engaging in selling the principle, too, especially since none of us is going to live forever, and I would question the personal prudence of passing on an asset (referring to after death), such as bitcoin, to someone (including relatives and spouses) who would likely value it less than you (especially, if they did not go through the struggles to accumulate it).  I am not saying that NO value should be reserved for passing, but it would seem too antithetical to fail and refuse to enjoy decent amounts of fruits from your labor.. even if it is only a small percentage, every year or so.

Anyhow, as a basic financial prudence rule, once you have established a decently high stash of bitcoin in which you feel comfortable living off of about 4% of it's value per year in a kind of passive income flow, that means selling some in order to realize the 4% per year (or easier calculations of about 1% per quarter).  Of course, that level of BTC accumulation in which you perceive that living off of 4% per year is enough for your to meet all your expenses plus maintaining emergency funds will vary for individuals, and likely that level of BTC accumulation necessity would become lower, if BTC prices were to go up in an exponential way, which is not guaranteed, but could happen in similar ways as it has done historically and theoretically has decent odds of happening some more in the coming years.
JayJuanGee
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March 12, 2019, 06:13:34 PM

[edited out]
  I also returned the merit he sent to me because of that.

Stop presenting fantasy regarding how merit works, here.

There is no such thing as "returning merit" in the context that you suggest.
fillippone
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March 12, 2019, 06:19:45 PM

[edited out]
  I also returned the merit he sent to me because of that.

Stop presenting fantasy regarding how merit works, here.

There is no such thing as "returning merit" in the context that you suggest.

That was part of the joke.
But this is less and less funny the more we talk about that.
My point is this thread is fun, but as I am relatively new here I still have to work out to understand how the attention span works here.
Last of the V8s
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March 12, 2019, 06:20:29 PM

here is an article with some words in it.

https://www.coindesk.com/ibm-quietly-enters-crypto-custody-market-with-tech-designed-for-banks
JayJuanGee
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March 12, 2019, 06:34:35 PM

According to HuffPost, on average people spend about $650 on Alcohol every month.


Is it really true? I doubt that it's based on average calculation according to the World. Maybe only in the first World? but Highly doubt when it comes to Third world countries.



For example, buying the same amount of dollar value of BTC at $4k as what was bought at $20k would cut your average price per BTC to the mid-point between $20k and $4k, which would be $12k.  Many variations on that, too, and nothing wrong with selling on the way up, as long as, from my approach to the matter, the portion that you are selling is sold for higher prices than bought.

@JJG Your posts are good study material.

But sometimes I get lost because of long posts ( I mostly use the phone to read posts here.)

I get a bit annoyed when I am reading posts on a phone, and even typing on a phone can be a bit cumbersome.  For example, it would be pretty rare that I would engage in extensive quoting attempts if I was working from a phone, but never say never... technologies evolve and I believe that I am still capable of learning some things.    Wink Wink

Regarding the above quote of me that you made, I am providing a synopsis of earlier points that I made, and even though there was some joking going on about someone who may have bought BTC at $20k, there can be some serious talking points with that subject matter, too. 

By the way, sometimes trolls will suggest a hypothetical situation of someone who bought at the top and is suffering immensely from such top purchase that supposedly occurred years before. 

That kind of buying at the top and getting stuck situation would be quite rare, in my thinking, but even if one were to find him/herself in a kind of comparable situation (of highly under water), there are a decent number of reasonable planning and strategies to attempt to improve the underwater position that are especially applicable in a seemingly foundationally strong asset such as bitcoin (but such strategies might not be even close to equally as prudent if underwater in some shitcoin(s)).
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March 12, 2019, 07:05:59 PM

Time to wash brains  Grin

https://www.youtube.com/watch?v=kYZut3DWvek&feature=youtu.be

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March 12, 2019, 07:06:13 PM


Seems way more cumbersome than a cold storage, and still less secure. But I think that is exactly what bank needs. Normal people can instead just stop to use banks.
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March 12, 2019, 07:20:19 PM


JSRAW
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March 12, 2019, 07:23:42 PM

~Snip~

I get a bit annoyed when I am reading posts on a phone, and even typing on a phone can be a bit cumbersome.  For example, it would be pretty rare that I would engage in extensive quoting attempts if I was working from a phone, but never say never... technologies evolve and I believe that I am still capable of learning some things.    Wink Wink

Regarding the above quote of me that you made, I am providing a synopsis of earlier points that I made, and even though there was some joking going on about someone who may have bought BTC at $20k, there can be some serious talking points with that subject matter, too. 

By the way, sometimes trolls will suggest a hypothetical situation of someone who bought at the top and is suffering immensely from such top purchase that supposedly occurred years before. 

That kind of buying at the top and getting stuck situation would be quite rare, in my thinking, but even if one were to find him/herself in a kind of comparable situation (of highly under water), there are a decent number of reasonable planning and strategies to attempt to improve the underwater position that are especially applicable in a seemingly foundationally strong asset such as bitcoin (but such strategies might not be even close to equally as prudent if underwater in some shitcoin(s)).

Yeah it's irritating sometimes but one can get used to it Cheesy I bought my first smartphone when I entered in crypto space, just to give you an example of how tech-savvy I am lol

Yeah, I noticed that I was spectating the topic like the rest of the members.

Joke or not, it was topic to debate because I know a good amount of peoples in my crypto circle who got in during the bull run and ended up buying ATH. And ironically I know minimum 5-6 guys personally as well who didn't take profits during the bull run at all and banging their head against the wall since last year. Stupid thing IMHO but shit happens.

I usually respect almost all trolls in this forum because they dedicate their all energy at only one cause (right or wrong depends on our perspective). This kind of dedication deserves some respect IMHO. some exceptions are always there, according to time or topic.
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March 12, 2019, 07:34:23 PM


Meh, we've already lived it.  Nice to see the "computer in tennis shoes" still making movies though; Kurt Russell is one of my favourite actors.
 
Last of the V8s
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March 12, 2019, 07:35:22 PM
Last edit: March 12, 2019, 08:04:57 PM by Last of the V8s

1215 called to remind us that a parliament is no way to run a kingdom.
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March 12, 2019, 07:40:20 PM

British MPs reject Brexit deal by 391 to 242 despite May securing changes to backstop

https://www.euronews.com/2019/03/12/watch-live-mps-set-to-debate-brexit-ahead-of-crucial-vote
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