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

[Gyrsur]

Meanwhile: is the dump over? 

They have a lunchbreak... .

that's right. 12.30 pm (EST) in New York.  

[LFC_Bitcoin]

You guys are epic.  

The meet was epic, first evening was alcoholic AF  
But I did stand my ground

My girl fell down the stairs, I don’t even remember much after taking her back.
We went through about 10 bottles of Rose, some fizz, multiple shots. I feel sick thinking about it now.

 

I think I went green in the cafe the next morning.

[JayJuanGee]

.... subject Gyrsur .... it will never attend to any meet-ups

Holy fucking shit.  Gyrsur is an "it"    


And, I am a poet, and did not hardly know it.

[El duderino_]

CME bitcoin futures expiration date: 09/27/19

Launch of Bakkt this Monday, the perfect play for them.

Dont worry, Hodl.

11 to go and you are rewarded 1001 merit for your absolute continuous contributing to this thread

Keep doing what you do.... Absolute asset of this thread (Forum)

Thx, mic, LOL, just now I was going to post this.

-11 to 1001

edit: Who gives me the merit No. 1001, has a prize.

You will be there in no time

[ivomm]

It is my earnest hope that the reemergence of sound money will cause corporations to finally look beyond next quarter's numbers.

bitcoin can and will change a lot of things. i doubt greed is one of those things. personally i am not the greedy kind of guy regarding fiat. but boy, when it comes to bitcoin i experienced me being greedy to an extent it started to make me wonder.

boeing got caught in the same trap as the german car industry: too big, too powerful, lobbyists too successful, decade after decade... that is one of the reasons why start ups sometimes are able to beat the behemoths. and yes my friends, that is also a part of the reasons why we will win the race for sound money. btc price in the vicinity of 10k per btc is actually a sign we are winning already.

Here goes my last merit.   It sounds like me. I never was a greedy guy regarding fiat. But soon after I went into Bitcoin, I became so jealous of those having 100+ bitcoins. I make everything possible, without going into debt to the banks, to invest all into it.

I would be nervous with such an approach, but let's see if maybe you can clarify what you mean by "all in"?

You do have some other investments, like stock or real estate or bonds, no?  So, in that regard, if you have some of those other investments, then you would only by "all in" with new investing?

I must admit that I have been focusing primarily on bitcoin investing, once I got into it in late 2013, and there was one time in about September 2014 (BTC around $380) that I was considering removing significant quantity of funds from my 401k (I had identified a possible way to accomplish such as a kind of rollover without tax penalties) which would have caused a near doubling of my BTC investment and thereby also bring down my average cost per BTC considerably, too, but I got chicken shit regarding over-investing in bitcoin and I had come to the conclusion that I had more than enough bitcoin in my holdings, and I really did not need to take on more risk (into bitcoin) by diversifying out of some of my traditional investments that, even though they had been performing mediocre, they were still largely holding their value (even accounting for inflation, etc).  

Of course, in retrospect, I see that I could have made a killing with such a move to diversify out of some of my 401k into BTC, but at the same time, I am still content that I did NOT do it - because in my thinking, my BTC appreciation (even accounting for risk etc) has already been amazing enough, and such considerable BTC appreciation (without  my really cashing out of BTC and rediversifying back into fiat based investing) has caused my total percentage value into BTC to become quite lopsided in favor of BTC, which I still conclude is good enough to ride out without needs to either rediversify back into traditional investments nor to engage in any kind of behavior that dilutes the stability of my traditional investments (that could largely sustain me completely, if I were to need to live off of them... but now they just merely continue to ride and to appreciate in value based on the traditional stock market and various traditional means of diversifying within those investments).  

I too think that building such a strong support at 9.7-10.3K is huge. In 2017 for several months Bitcoin made 6x+ increase starting with the last long support at 3K. With a support at 10K we can expect either an explosive run to 50K+ or more gradual increases with other major resistances turned into supports. I am willing to wait untill we are above 100K, and gathering nerves and courage to endure all the coming crashes. I am convinced that 40K+ will be touched without much hype just by regular mass adoption. So what is the point in selling most at this price? I personally will be tempted to sell something for sure, because it is an important price goal for me. I will sell probably 10-20% just to buy land where to build my future house. I hope to be able to hodl until 120K or something, even if it takes more than 5 years for that. This is my hopium Everyone needs some hopium to live. No matter how dark or dull looks the present situation. There is always the hope. No troll, no chart, no government, etc. can steal my hope, if only I hodl firm! (After all, the other meaning of hodl besides the original misspel is Hold On for Dear Life.)

Are you thinking that BTC prices reaching $120k in about 5 years or less would be sufficient in order for you to go into a kind of "fuck you" status?  or at least to be able to live off of your BTC indefinitely without having a need or dependence on a traditional JOB?

Surely, a lot of us believe that there are decent chances that your hopium price could be reached within that timeframe, so it is not unrealistic... However, since "decent chances" is not the same as "a given", there are always needs to prepare for a lot worse scenarios, which makes it seem more than reasonable to label your tentative ideas (plan) as a kind of "hopium."

By "all in" I mean all saved fiat. I own an appartment and a car. With my current profit from Bitcoin, I have the same amount that I will obtain from my salary for the next 20 years until I retire. And I usually save 2/3 of my salary which I convert immediately into bitcoins. Am I at the "fuck you" zone? Not yet, as I have to ensure my retirement. But in the 30-40K price range I will have enough to do it at least in my country, and live happily in a nice beach villa for the rest of my life. That is why I said this is an important level to me. On the other hand, I prefer to wait for the price which I believe is achievable in my lifetime. 40K is a too low and sure target, 120K is way more chalenging but satisfying. So I have 2 plans which depend on my needs in real life. If I am convinced that 40K is the top of the next bull run before a long and nasty bear year(s), I may be tempted to sell most of my stash. But if I am not sure, I will spend only 10-20% at that price range and continue to sell up to 120K. I may use some scheme like 10, 20, 30, 40% on every 50% (or 75%) rise of the price. It is based on your suggestions, which I tweaked a bit, so the overall loss is smaller compared to selling all at 120K. It saves more bitcoins for the bigger prices! My final sell would be at 120K. Plus, anything that I buy from now on untill I start to cash out, I will keep for the time when we finally reach the moon. Will it be 500K, 1mil, etc. I don't know yet. Time will tell.

[gembitz]

There was a meetup? Really?

meetup @ 5K  reeeeeee

[HairyMaclairy]

You guys are epic.  

The meet was epic, first evening was alcoholic AF  
But I did stand my ground

My girl fell down the stairs, I don’t even remember much after taking her back.
We went through about 10 bottles of Rose, some fizz, multiple shots. I feel sick thinking about it now.

 

I think I went green in the cafe the next morning.

Hah serves you right. You were the bastard that kept buying the shots.  

I was very quiet and well behaved.

[LFC_Bitcoin]

You guys are epic.  

The meet was epic, first evening was alcoholic AF  
But I did stand my ground

My girl fell down the stairs, I don’t even remember much after taking her back.
We went through about 10 bottles of Rose, some fizz, multiple shots. I feel sick thinking about it now.

 

I think I went green in the cafe the next morning.

Hah serves you right. You were the bastard that kept buying the shots.  

I was very quiet and well behaved.

You were not
I love drunk Hairy

[El duderino_]

You guys are epic.  

The meet was epic, first evening was alcoholic AF  
But I did stand my ground

My girl fell down the stairs, I don’t even remember much after taking her back.
We went through about 10 bottles of Rose, some fizz, multiple shots. I feel sick thinking about it now.

 

I think I went green in the cafe the next morning.

Hah serves you right. You were the bastard that kept buying the shots.  

I was very quiet and well behaved.

I starting to not believe your charts anymore .....


Stop writing all these lies.......... drunk, loud (but fun) etc man

[HairyMaclairy]

^Lies all lies.  Don’t believe a word this man says.

[El duderino_]

Of for spinning course and cycle that booze out of my system!

[El duderino_]

^Lies all lies.  Don’t believe a word this man says.

Compare our trust 

[toknormal]

...$1,800 are within realms of reason remain quite fantasylandia scenarios, and you have not been out of breadths when engaging in fantasylandia practice, especially given your track record of stupid-ass overly bearish BTC predictions (that did not come to fruition, need I say?).

With the amount you wrote there I must conclude it's yourself you're trying to convince, not me.

[HairyMaclairy]

dear WO-MFs, subject Grysur is still alive but because of #opsec it will never attend to any meet-ups ever in the future. I'm very ugly so you can thank me later.

let's start the games - "buy when there's blood in the streets"  

Some of the guys were really paranoid about OpSec but by the end of the weekend most of us know each others first names. My girl got really drunk & left her phone in the bar which was returned by one of the WO’s.

I think these guys are probably more trustworthy than a lot of my RL friends. It’s a bit like mutual respect of each others concerns manifests itself in absolute trust & respect.

Agreed.  I feel I have brothers for life now.  Maybe sisters too !

[xhomerx10]

Not sending the large avatar image, xhomerx10, has sent me a file, I think you are all, I will be updating.

Cite me and fill in the registration data, profile, bpip, description, It's enough.

Quote me and put the data:

(Your avatar)

Registration date: (your date bitcointalk)
Bitcointalk Profile: (your link bitcointalk
Bpip Profile: (your link Bpip)
Description of your avatar: (optional)

(Take advantage, this can be fun, tell something about your arrival at the forum, without going into private details, hobby,s.)

 I wanna play!

xhomerx10
Registration date: (May 20, 2013)
Bitcointalk Profile: (https://bitcointalk.org/index.php?action=profile;u=120694)
Bpip Profile: (https://bpip.org/profile.aspx?p=xhomerx10)
Description of your avatar: (Colours of the Romanian flag with a stylized aquila on the crest)

(I took a wrong turn on the internet and fell down the rabbit hole that is Bitcoin.  I'm still falling but I'm picking up friends along the way!)

[kurious]

As a fellow member of this thread, I also want to say that I enjoyed the meet-up. I was surprised how kind everyone was and that everyone get along. It meant a lot for Mic & I think also for the other members. A big thanks to Kurious for making this possible & for the nice planning!

Hey, thanks Cryptoqueeen.  Only just catching up on the thread here, but all the gents and ladies who attended were great and it was a real pleasure to make so many new friends in RL. I tip my hat in salute to everyone and I look forward to next time.

[JayJuanGee]

[edited out]

By "all in" I mean all saved fiat. I own an appartment and a car. With my current profit from Bitcoin, I have the same amount that I will obtain from my salary for the next 20 years until I retire. And I usually save 2/3 of my salary which I convert immediately into bitcoins. Am I at the "fuck you" zone? Not yet, as I have to ensure my retirement. But in the 30-40K price range I will have enough to do it at least in my country, and live happily in a nice beach villa for the rest of my life. That is why I said this is an important level to me. On the other hand, I prefer to wait for the price which I believe is achievable in my lifetime. 40K is a too low and sure target, 120K is way more chalenging but satisfying. So I have 2 plans which depend on my needs in real life. If I am convinced that 40K is the top of the next bull run before a long and nasty bear year(s), I may be tempted to sell most of my stash. But if I am not sure, I will spend only 10-20% at that price range and continue to sell up to 120K. I may use some scheme like 10, 20, 30, 40% on every 50% (or 75%) rise of the price. It is based on your suggestions, which I tweaked a bit, so the overall loss is smaller compared to selling all at 120K. It saves more bitcoins for the bigger prices! My final sell would be at 120K. Plus, anything that I buy from now on untill I start to cash out, I will keep for the time when we finally reach the moon. Will it be 500K, 1mil, etc. I don't know yet. Time will tell.

What you are planning makes sense, and almost no matter what it seems difficult to really have any meaningful sense regarding whether any blow off top would be at previous ATH (path) x2, x6 or x10 or some other amount, so I am unsure about how prudent it would be to make vastly differing plans based on your anticipation of your then feelings about whether a blow off top has been reached. 

Another dynamic that I can sense that you are toying with is to consider to be able to move some of the value that you have in BTC to some other locked in and assured asset, in order to preserve your BTC profits, and I am kind of torn about the necessity to act on those kinds of motivations, even though I understand that so many people have those kinds of motivations - so none of us can really step into the comfort level of other people. 

Part of my thinking comes from the Morpheus meme that you might not need to hedge so much into other investments because merely keeping some value in bitcoin will be sustaining enough based on all available options and even while understanding that BTC corrections might still be violent, BTC is still likely to sufficiently hold enough value that there is no real rush to employ rash strategies in terms of cashing out your holdings.

This morpheus meme:

[makrospex]

Female(s) in WO, nice 

Most men truly fear women, most of the time there are two reactions as signs of fear when a woman enters a room full of males:
Type 1 becomes quiet
Type 2 becomes active (compensational behaviour)

Now i dearly hope that realr0ach is type 1.

[Gyrsur]

I guess the Wall Street scheme could be this these days:

1. short the Bitcoin derivative on CME and push the price als low as possible below $10k
2. buy back physical Bitcoin on Bakkt
3.
4. Profit!!!

Don't be fooled by the smart money, Bitcoiners!

[kurious]

don't be a stranger Mayor, I got a feeling we could really use your humor here the next little bit

Yep - you've been missed BMB.  Stick around a while, will ya?