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

[Icygreen]

^^
RR

I suggest for the next year that you achieve some goals:

- Recover your legendary account
- Read the Bitcoin technical document carefully
- Read Frederick Hayek

I think with this you will understand where we are going and something else, HODL

Roach does not want to learn.

He is not here to learn.

He is here to teach us about topics that are largely irrelevant to this thread and/or wrong.

Hopefully, he is getting paid for his efforts, and hopefully, he does not believe the nonsense that he stubbornly and repeatedly repeats here for his troll/shilling thrills.

I think he might actually believe his ramblings, if so and possibly even if not, mental health risks and concerns should be obvious to any reader.
Perhaps he is being paid, actually, speaking of which, I've always wondered if you are or have been paid to post?
I can't recall the topic ever but it must have been discussed, you know, paid by word perhaps?      Not that you don't come across as genuine, or even helpful, just curious and of course I'd respect your right to privacy.

Edit: goddammit, was that a dick move to ask? Sometimes my filter isn't tuned the same as others.

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[fillippone]

Slowly, but steadily.

#bitcoin 200 week moving average has never gone down, currently increasing at $150 (3%) per month

https://twitter.com/100trillionusd/status/1210984765739941888?s=21

[JSRAW]

hahaha Icy, let's wait for JJg

[Findingnemo]

Slowly, but steadily.

#bitcoin 200 week moving average has never gone down, currently increasing at $150 (3%) per month

https://twitter.com/100trillionusd/status/1210984765739941888?s=21

Another proof for, why should we HODL much longer.
New year is just ahead couple of days,what you guys are planning to do on the beginning day of 2020.

Don't say bang bang.

[Globb0]

Welcomed everyone with rosé Dom Perignon 2005....

Omg... please tell me that isn't Dom P in those glasses with those 3 small ice cubes in each.... (it doesn't appear to be)

You want to use no ice or BIG ice on anything that's over $100 a bottle.

I personally use round ice balls... they are always a bigger hit than the juice inside the glass because people are monkeys.

These are what I use and strongly suggest https://pappyco.com/products/sphere-ice-molds-set.

I also STRONGLY suggest DomP's 1996 rose. 

You can make these ice shapes in a childs water bomb balloon. just freeze a handful.

[LFC_Bitcoin]

Another proof for, why should we HODL much longer.
New year is just ahead couple of days,what you guys are planning to do on the beginning day of 2020.

Don't say bang bang.

[Arriemoller]

Bom bom then?

[Findingnemo]

Another proof for, why should we HODL much longer.
New year is just ahead couple of days,what you guys are planning to do on the beginning day of 2020.

Don't say bang bang.

LFC's gf is tempting already for that special bang bang  

Bom bom then?

Possibly because I am kind of guy likes to bang in the ass, let's try something new this year bom bom on her big B**BS.

[Globb0]

I wish, it keeps going offline at the moment.

[Arriemoller]

Another proof for, why should we HODL much longer.
New year is just ahead couple of days,what you guys are planning to do on the beginning day of 2020.

Don't say bang bang.

LFC's gf is tempting already for that special bang bang  

Bom bom then?

Possibly because I am kind of guy likes to bang in the ass, let's try something new this year bom bom on her big B**BS.

TMI

[Arriemoller]

I wish, it keeps going offline at the moment.

Are you possibly posting in the wrong thread?

[realr0ach]

JayJuanGee, I was wondering if I could ask you an important question:

[bitserve]

Great! I think I am finally up to date on WO again. Sorta... as I probably missed some posts due to my chaotic reading here and there. One of those magical @JSRAW summary posts would have come really handy. Oh well.

Good conversation about @mindrust investment indecision and great advice against overinvesting most everyone gave. I do agree. Also there are intermediates choices between keeping with the same DCA strategy and going full retard into it. Maybe just double the amounts when catching knives DIP's?

Maybe you will later regret if Bitcoin pumps like crazy but... that remorse is nothing in comparison to the one you would experience if you go all in and Bitcoin dumps #DYOR though

Price basically in the same sideways. It would be weird that doesn't change before or ON end of year... but maybe that's exactly what will happen just to piss me off. Bitcoin being Bitcoin.

We are half less "poor" than we were just one year ago so... This is fine.

Let's call this a year and let's hope next one gives us as much growth/recovery as this one did.

[BitcoinGirl.Club]

Good morning WO!
Observing @ $7,324
All good!

[Icygreen]

Man!, if you want a glimpse into the future, this is the best article I've read all week! And Yes, Bitcoin is spoken about several times.

https://www.google.com/amp/s/genius.com/amp/Balaji-srinivasan-silicon-valleys-ultimate-exit-annotated

[El duderino_]

After the hard work of yesterday..... Mic gonna initiate “lazy Sunday”

Exhausted from cooking.
Initiate last Sunday.
Lazy, warm, in home!

Closing our year bro’s.
Winter is getting colder.
HODL keeps us warm.

[ChinkyEyes]

There is no such thing as being over invested in bitcoin. Pour all that filthy fiat into this imaginary digital gold token shit.

Nobody has ever gotten rich, from not taking any risk

Well, you are not "over-invested" until you are.  

I would rather NOT have to come across any kind of scenario that I am forced to sell my BTC at any time that is other than my choosing.  Surely, once your BTC become sufficiently profitable, then at that point, you don't really mind that you might have extra value in BTC.  

Let's say that you have $100k in BTC value and $8k in cash, but you unexpectedly run into an emergency expense that is around $20k.  BTC prices are in a dip, but you might be fucked because you are forced to sell off some BTC, at a time that is not of your own choosing, and worse if BTC is in a dip during that time, but surely better if your BTC are profitable rather than unprofitable when you are forced to sell some of them to cover your unexpected expense.  Then as soon as you sell to cover your expenses, BTC does a 3.5x in 3 months and during a period in which you don't have enough of a cash flow to replace any of the BTC that you had been forced to sell during the dip.  Sure would have been nice to have had other resources to draw from for that $20k expense, rather than having to draw from your BTC stash during an inopportune time, right?

Sure, my example might not be extreme enough, but you should be able to recognize what I am trying to say... you could end up getting wiped out of your BTC investment.

I have said, several times, that I had purposefully invested in BTC in a much higher than expected proportion than my comfort level (which is another way of saying overinvested) because I have wanted to feel a lot of comfortable in selling BTC on the way up.  That is part of the plan to be able to skim off a few BTC here and there on the way up, and in that way, I feel comfortable with my level of overinvested.

So, surely, overinvested is possible, and each of us has to determine what kinds of income/expenses s/he has going on in his/her life in order to figure out what kinds of resources that we are going to be able to draw from when some of the unexpected expenses might end up playing out at the most inopportune times.  Yeah, things are going all good and fine and thinking that we have cushions here, there and everywhere, and fucking bitcoin dips 50% and then 65% and then 85% and we thought that the bottom was in at 50%, and in the mean time, we have real world activities going on that could cause us to have some unexpected expenses taking place at the same time that BTC's price is dipping and at a time that we have already used up a large amount of any spare cashflow that we had in our sock drawer.. that is looking pretty sparse during those times of need.  Why the fuck do I have to pay that tax?  Why did they store gasoline in the closet?  why is my new lambo/leer jet parked in that location, and why wasn't the insurance up-to-date?  Fuck? Is the world against me, everything negative happening at the same time?  

Yeah, shit happens. Especially if you do not adequately pee pare ur lil selfie.   

Excellent advice and a rational way to look at your investments. I was just joking around about over investing. Even though it's true you have to take some risk to eventually get ahead, but investing in Bitcoin is in my opinion risk enough.

However the example you mention does not really apply to someone of my age, because most of my generation do not have 108k in savings/investments. I do not run into emergency expenses around the 20k. An emergency expense for me would be around 1-2k which I will be able to cover even though I have around 90% of my wealth in BTC right now.

[ivomm]

There is no such thing as being over invested in bitcoin. Pour all that filthy fiat into this imaginary digital gold token shit.

Nobody has ever gotten rich, from not taking any risk

Well, you are not "over-invested" until you are.  

I would rather NOT have to come across any kind of scenario that I am forced to sell my BTC at any time that is other than my choosing.  Surely, once your BTC become sufficiently profitable, then at that point, you don't really mind that you might have extra value in BTC.  

Let's say that you have $100k in BTC value and $8k in cash, but you unexpectedly run into an emergency expense that is around $20k.  BTC prices are in a dip, but you might be fucked because you are forced to sell off some BTC, at a time that is not of your own choosing, and worse if BTC is in a dip during that time, but surely better if your BTC are profitable rather than unprofitable when you are forced to sell some of them to cover your unexpected expense.  Then as soon as you sell to cover your expenses, BTC does a 3.5x in 3 months and during a period in which you don't have enough of a cash flow to replace any of the BTC that you had been forced to sell during the dip.  Sure would have been nice to have had other resources to draw from for that $20k expense, rather than having to draw from your BTC stash during an inopportune time, right?

Sure, my example might not be extreme enough, but you should be able to recognize what I am trying to say... you could end up getting wiped out of your BTC investment.

I have said, several times, that I had purposefully invested in BTC in a much higher than expected proportion than my comfort level (which is another way of saying overinvested) because I have wanted to feel a lot of comfortable in selling BTC on the way up.  That is part of the plan to be able to skim off a few BTC here and there on the way up, and in that way, I feel comfortable with my level of overinvested.

So, surely, overinvested is possible, and each of us has to determine what kinds of income/expenses s/he has going on in his/her life in order to figure out what kinds of resources that we are going to be able to draw from when some of the unexpected expenses might end up playing out at the most inopportune times.  Yeah, things are going all good and fine and thinking that we have cushions here, there and everywhere, and fucking bitcoin dips 50% and then 65% and then 85% and we thought that the bottom was in at 50%, and in the mean time, we have real world activities going on that could cause us to have some unexpected expenses taking place at the same time that BTC's price is dipping and at a time that we have already used up a large amount of any spare cashflow that we had in our sock drawer.. that is looking pretty sparse during those times of need.  Why the fuck do I have to pay that tax?  Why did they store gasoline in the closet?  why is my new lambo/leer jet parked in that location, and why wasn't the insurance up-to-date?  Fuck? Is the world against me, everything negative happening at the same time?  

Yeah, shit happens. Especially if you do not adequately pee pare ur lil selfie.  

Speaking of over investment in Bitcoin, we should distinguish the two types of "all in". The first type is in terms of fiat savings and the second is in terms of net worth. If someone invested all savings in Bticoin but this is only 50% of his net worth, he has some options. In case of emergency and if the price of Bitcoin is below the investment point, he have a choice to sell some belongings or, if he has a stable job to use bank loan/overdraft/credit card limit.  

[LUCKMCFLY]

A great ROI, Bitcoin shines with its own light.

In a world where the popular stock market index, S&P 500, combining the 500 best-performing stocks in the U.S. has surged with 189% in the last ten years, other well-known companies are delivering more considerable results.

Source: https://twitter.com/JonErlichman/status/1209119957860208642

$1 invested back then would be worth more than $90,000, representing a 8,900,000% ROI in ten years.

While there are several stocks with high returns, Bitcoin is outperforming all of them by a country mile. In its relatively short existence, the largest crypto has noted numerous improvements in its usage and security, raising the question of what is to come and how it will affect our investments and entire lives.

Source: https://cryptopotato.com/8900000-roi-bitcoin-is-the-best-performing-asset-of-the-ending-decade/

[makrospex]

Thank you heslo and somac, Fuck you makrospex.

huh?
WTF?!
We all three said the same: Set it to zero.
 

You didn't spoon feed him and were late with the details  

Alright, i see...
I typed my reply in a hurry while the other two WOs were posting already.

EDIT: Backread the thread now and it obviously was the step-by-step google selfhelp instructions from me that set him up.
However, that's how the pro's do it 

If you don't want to help that's fine, but in that case, just don't reply.
Using your precious time to mock me for asking instead of using the same time to answer my question is an asshole move in my book.
I know very little about computers and need to bee spoon fed to get it right, I don't know what I'm doing and really don't want to do something wrong. I can't tell if a online tutorial is correct or not, but I do trust the people in here, that's why I ask. If you knew of any good tutorial, why didn't you direct me to it instead of being a dick?
I don't really see people saying "google it" whenever someone asks about something non computer related so I'm assuming that it's just you computer nerds that have that special asshole gene.

Nah, there is no asshole gene. Asshole geeks don't let the people they "help" educate themselves. They like to act like magicians or something like that, leave their victim in the no-know-zone, so they can play the indispensable hero again and again.
This was in fact the opposite, mixed with my sloppy reading, cause i was on the leave.
I just tried to be ironic, you said i should answer like i would to a baby, so... no offense, dude