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Question: Will $13K hold through Nov. 3?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 23653940 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. (148 posts by 37 users deleted.)
_javier_
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Still a manic miner


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June 25, 2019, 01:37:11 PM

That was my first thinking but I wouldn’t even know where to start.
I’m nowhere near selling anything now but I really want to be prepared this time.

I sold my BCH in late 2017. That was quite a lot of money but I transferred it into bitcoin & sold it to a few people on LBC. I don’t think I want to be selling hundreds of thousands of pounds worth on LB in this cycle.

https://genesistrading.com

https://www.b2c2.com

https://cumberland.io

https://www.circle.com/en-gb/trade

I think LBC would still be a very good option as long as you stick with the biggest traders. I've read of others on r/bitcoinuk who sold 500 grand and more to one person in one go. It would be more sensible to break the sales up but it's likely whichever bank they go to will have kittens.

Thanks man, I’m saving this post.
That’s the next thing isn’t it, worrying about our personal banks Grin

I owe you some Merit for this post when my source allowance replenishes.

If you're in the UK you could try Coinfloor:

www.coinfloor.co.uk

LFC, why dont you try a couple of prepaid debit cards? You send crypto and its charged with fiat.

Monthly limit is 20k usd.. more than enough for daily use.

Some cards issuers are from Gibraltar, so maybe it is good for low profile usage...  Wink
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machasm
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June 25, 2019, 01:46:22 PM

I use Wirex.
Seems to do the job but only for daily use rather than large cashouts.
I have used Kraken for sums in excess of £30k without too much trouble although KYC is required.
JimboToronto
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You're never too old to be young.


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June 25, 2019, 01:51:55 PM

Good morning Bitcoinland.

I see we had another AYH followed by another lovely correction/retrace... currently $11297USD/$14880CAD (Bitcoinaverage).

Seems we've been doing this a lot lately. No problem. It never gets boring. Keep the slow measured steps up coming regularly without running away.

Hopefully soon they'll be ATHs and not just AYHs.

Go Bitcoin go.
________

We've been seeing a few milestones lately... $10kUSD, 10kEUR $15kCAD

Onward and upward.
siggy_77
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June 25, 2019, 01:52:16 PM

Ok, I’m going to sell 15% at $25,000. JJG, you’ll be happy to know I’ve perfected my plan now in theory.
Way too much way too early. 1% maybe at $100k. Maybe.

Depends...   what if 15% at 25k locks in just enough to quit ones job and be financially comfortable for the rest of your life?   Everyone needs to look at their own situation and optimize for best life quality.     Make the plan now, and don't get wrapped up in FOMO when it hits....

Just a random thoughts...  
CryptoNeed
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Nope.


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June 25, 2019, 01:52:35 PM

I use Wirex.
Seems to do the job but only for daily use rather than large cashouts.
I have used Kraken for sums in excess of £30k without too much trouble although KYC is required.

Got the same combo. Wirex works just fine and after KYC Kraken processed a 5-digits cashout without any problems.
gembitz
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*Brute force will solve any Bitcoin problem*


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June 25, 2019, 01:54:10 PM

Good morning Bitcoinland.

I see we had another AYH followed by another lovely correction/retrace... currently $11297USD/$14880CAD (Bitcoinaverage).

Seems we've been doing this a lot lately. No problem. It never gets boring. Keep the slow measured steps up coming regularly without running away.

Hopefully soon they'll be ATHs and not just AYHs.

Go Bitcoin go.

mornin' jimbo :-D 12K closeeeee !!
HairyMaclairy
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June 25, 2019, 01:57:43 PM

with the 'heady" adrenaline rush of 'fear' 'panic' and damn...now wtf do I do? Sell/Hodl/Panic?

sh*t at least my life is 'exciting' with crypto in the recesses and windmills of my mind. Smiley  

The best thing to do, when you don’t know what to do, is nothing.

As a hodler you have already put yourself in the best possible position.  Only take yourself out of that position if you know exactly what you are doing.  
El duderino_
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June 25, 2019, 01:59:08 PM

via Imgflip Meme Generator

Little bit OT Roll Eyes but Made me laugh (offcourse not like bitcoin is making me laugh) Cheesy
HairyMaclairy
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June 25, 2019, 02:00:18 PM
Merited by actmyname (1)

I love empty 2 GB blocks. Smiley
What people fail to realize is a paid subscription service that copies data hourly from an existing website (http://OpenWeatherMap.org ) and pastes it into BSV blocks accounts for 98.4% of BSV transactions over the past 30 days
Beautiful. That's worth the hundreds in disk space that I have to pay for to maintain my blockchain history. I love keeping track of the weather.

Well how else are you going to have immutable weather?
lightfoot
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I fix broken miners. And make holes in teeth :-)


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June 25, 2019, 02:00:50 PM
Merited by El duderino_ (1)

It is to note that Greyscale is closed to new investors. So these are existing people clamoring for 14k+ bitcoin, not newbies.

Interesting. This is fine.
BitcoinNewsMagazine
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June 25, 2019, 02:04:22 PM
Merited by Globb0 (2), bones261 (2), El duderino_ (2)

Symmetrical triangle forming. Usually the break out is in the direction of the existing trend but with bitcoin there are no guarantees:



As expected price broke up from the triangle hope everyone bought the breakout. Price has stalled at the 50% Fibonacci retracement from last ATH to swing low. Next price target is the 61.8% retracement at $13346:

serveria.com
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Balls of steel


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June 25, 2019, 02:11:36 PM

Let's see if it's only a dip or a bigger correction. Much needed imho.

I would say that it's not only much needed, but somewhat overdue...

Beartrolls detected  Grin
HairyMaclairy
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June 25, 2019, 02:17:33 PM

You think having a botnet of real Bots is a bad idea?

Quite. But also very hard to see how the economic and business models will ever stack up.  



They are looking to recoup maintenance cost but I don't think they will unless something drastically changes. If they break even then they will be happy.

But its added decentralized security for the network and LEA supporting Crypto so it's a Win Win in my book.

How could they break even when they are competing against ASICs in data centers?
HairyMaclairy
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June 25, 2019, 02:23:50 PM

I love empty 2 GB blocks. Smiley
What people fail to realize is a paid subscription service that copies data hourly from an existing website (http://OpenWeatherMap.org ) and pastes it into BSV blocks accounts for 98.4% of BSV transactions over the past 30 days
Beautiful. That's worth the hundreds in disk space that I have to pay for to maintain my blockchain history. I love keeping track of the weather.

they forked to a shitcoin version that removed spam protection .... and guess what? ... it's getting spammed to death.

whoulda thunk eh?

Nobody's standing up for BSV here so I'll fill in for them.

Every transaction is legitimate. There's no such thing as a fake transaction.



Every sperm is sacred
Every sperm is great
If a sperm is wasted,
God gets quite irate
HairyMaclairy
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June 25, 2019, 02:26:54 PM

Lol, I will sell all my Bitcoin if it reaches $20,000, then wait for months to buy it back around 40% below $20,000. This way will help me to enrich my Bitcoin and I will hold them for months till the halving or later to take profits.
Ok, I’m going to sell 15% at $25,000. JJG, you’ll be happy to know I’ve perfected my plan now

Are you actually retarded or just pretending ?
Alexander_Z
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Z


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June 25, 2019, 02:28:43 PM

Let's see if it's only a dip or a bigger correction. Much needed imho.

I would say that it's not only much needed, but somewhat overdue...

Beartrolls detected  Grin

I would be very happy if it goes to $20k uninterrupted, but I think it's a bit... unrealistic Smiley
HairyMaclairy
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June 25, 2019, 02:33:30 PM
Last edit: June 25, 2019, 02:51:59 PM by HairyMaclairy
Merited by JayJuanGee (1)

Ok, I’m going to sell 15% at $25,000. JJG, you’ll be happy to know I’ve perfected my plan now in theory.
Way too much way too early. 1% maybe at $100k. Maybe.

I think we’ll see $100,000 per BTC in 2021 (mid to end of the year). It’d just be nice to take something off the table a bit earlier. I was a millionaire (GBP) in unrealised/unbanked BTC during the last bull run & I sold nothing.

The drop to $3,000 was gut wrenching, I thought I’d ruined my life by selling nothing near the top.

I’m not going to make that mistake again this time. I know everything points to us breaking 6 figures (USD) per coin on this cycle but I want some insurance against a potential crash.

I’ll be selling 15% at or near $25,000.

Don’t do it in one hit.  Scale out.

Sell 1.5% for every $1k rise from $20k to $30k.

That way if it hits $23.5k and retraces you won’t hate yourself.  Also if it hits $30k you won’t hate yourself.  It also gives you time for fiat from selling at $20k to hit your bank account before you deposit Bitcoin for sale at $21k, meaning you reduce your exposure to exchange risk.  Once the fiat hits your bank account, transfer the fiat to another account with a different bank. 

Personally I think $25k is too low a target but I can appreciate that some people may have a hell of a lot more than me invested in Bitcoin and need to recoup a fraction of their investment.

Make sure you have a longer term plan for Bitcoin hitting $1 million in another 10 or 15 years.
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June 25, 2019, 02:45:35 PM
Merited by RejectedBanana (1)

Google Trends and data on wallet sizes. Very little retail interest so far - it's mainly big holders who have accumulated.
Even when BTC broke $10k we saw little mainstream media interest. In 2017 the BBC and just about every other major news site ran daily articles on crypto. Almost nothing this time. I guess they still feel burned by last time.
It's starting to change, but only just getting going now.

You don’t want retail interest at this part of the cycle. We should still be in accumulation phase.  If we start to see meaningful distribution that would be concerning.
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June 25, 2019, 02:47:49 PM
Merited by El duderino_ (2)

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June 25, 2019, 02:52:23 PM

Ok, I’m going to sell 15% at $25,000. JJG, you’ll be happy to know I’ve perfected my plan now in theory.
Way too much way too early. 1% maybe at $100k. Maybe.

I think we’ll see $100,000 per BTC in 2021 (mid to end of the year). It’d just be nice to take something off the table a bit earlier. I was a millionaire (GBP) in unrealised/unbanked BTC during the last bull run & I sold nothing.

The drop to $3,000 was gut wrenching, I thought I’d ruined my life by selling nothing near the top.

I’m not going to make that mistake again this time. I know everything points to us breaking 6 figures (USD) per coin on this cycle but I want some insurance against a potential crash.

I’ll be selling 15% at or near $25,000.

Don’t do it in one hit.  Scale out.

Sell 1.5% for every $1k rise from $20k to $30k.

That way if it hits $23.5k and retraces you won’t hate yourself.  Also if it hits $30k you won’t hate yourself.

Personally I think $25k is too low a target but I can appreciate that some people may have a hell of a lot more than me invested in Bitcoin and need to recoup a fraction of their investment.

Make sure you have a longer term plan for Bitcoin hitting $1 million in another 10 or 15 years.

I agree, selling at $25,000 will be too early. If/when we break $20,000 we should conservatively reach $30,000 to $35,000. That's the point I plan on selling 10% to 15%.
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