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Question: What happens first:
$65,000 - 52 (86.7%)
$48,000 - 8 (13.3%)
Total Voters: 60

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26317145 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. (170 posts by 1 users with 9 merit deleted.)
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January 08, 2023, 01:01:18 PM


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January 08, 2023, 01:12:53 PM
Merited by El duderino_ (10), vapourminer (1), JayJuanGee (1)

My Best friend always ask me why you invest your money in Bitcoin??

I reply Bitcoin is a high profitable currency for all of holders. I told him about history of Bitcoin. After listening history of Bitcoin he have interest more then me.

After he became interested in Bitcoin through your explanation, did he immediately invest in Bitcoin or did he still have other thoughts through different questions?
Because you also need to tell him about people who are losing because they can't wait for the best price in Bitcoin so you won't be blamed for this later. Because not a few people blame other people or people who give advice when they experience losses through the investment that you suggest. So this is part of the risk and you also need to explain it to him before he starts his investment in Bitcoin within this year.
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January 08, 2023, 02:01:17 PM


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January 08, 2023, 02:04:40 PM
Last edit: January 08, 2023, 02:43:16 PM by goldkingcoiner




Where are we going, buddy?
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January 08, 2023, 03:01:21 PM


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January 08, 2023, 03:06:46 PM
Merited by Republikcoin.com (1)

My Best friend always ask me why you invest your money in Bitcoin??

I reply Bitcoin is a high profitable currency for all of holders. I told him about history of Bitcoin. After listening history of Bitcoin he have interest more then me.

After he became interested in Bitcoin through your explanation, did he immediately invest in Bitcoin or did he still have other thoughts through different questions?
Because you also need to tell him about people who are losing because they can't wait for the best price in Bitcoin so you won't be blamed for this later. Because not a few people blame other people or people who give advice when they experience losses through the investment that you suggest. So this is part of the risk and you also need to explain it to him before he starts his investment in Bitcoin within this year.

He needs to spread the word:

"be like JJG just DCA"

then add only spend what you can afford to lose.

Heck I will be 66 this month and I am doing a Friday dca started it on Fri the 4 of November 2022.

it is never to late to start a DCA
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January 08, 2023, 03:34:21 PM
Merited by vapourminer (1)

"be like JJG just DCA"

He doesn't have to do DCA until he does not understand what he is doing and what Bitcoin is.
He should learn more about Bitcoin before he invests. Otherwise, he will blame his friend for even short-term loss.
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January 08, 2023, 04:01:18 PM


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January 08, 2023, 04:34:32 PM


https://twitter.com/TheBitcoinConf/status/1612111228964421634?t=rvIhbOGjk_oliMGmaq0NfA&s=19
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January 08, 2023, 05:01:17 PM


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January 08, 2023, 05:11:46 PM

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Source: https://twitter.com/Vivek4real_/status/1611042110559653888?t=0HbUeyL_411ZUfxOrK112Q&s=19
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January 08, 2023, 05:14:26 PM

Keep sending that money to Ukraine, USA. The big guy needs his 10%.

https://twitter.com/i/status/1612080292474552320
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January 08, 2023, 05:22:39 PM

❗️Longest 🥇 Bitcoin Bear Market Ever: 👇

2011 Bear Market (163 days)
June 8th, 2011 - Nov 18th, 2011

2013-2015 (406 days)
Dec 4th, 2013 - Jan 14th, 2015

2017-2018 (364 days)
Dec 16th, 2017 - Dec 15th, 2018

2021-2022 (426 days)
Nov 8th, 2021 - Jan 8th, 2023

Source: @Cryptocurrency_Inside
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January 08, 2023, 05:41:29 PM

❗️Longest 🥇 Bitcoin Bear Market Ever: 👇

2011 Bear Market (163 days)
June 8th, 2011 - Nov 18th, 2011

2013-2015 (406 days)
Dec 4th, 2013 - Jan 14th, 2015

2017-2018 (364 days)
Dec 16th, 2017 - Dec 15th, 2018

2021-2022 (426 days)
Nov 8th, 2021 - Jan 8th, 2023

Source: @Cryptocurrency_Inside


You really think this is over?  Roll Eyes
❗️👉  🫵 👈 ☝️ 👇 ❗️
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January 08, 2023, 06:01:23 PM


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January 08, 2023, 06:03:01 PM

❗️Longest 🥇 Bitcoin Bear Market Ever: 👇

2011 Bear Market (163 days)
June 8th, 2011 - Nov 18th, 2011

2013-2015 (406 days)
Dec 4th, 2013 - Jan 14th, 2015

2017-2018 (364 days)
Dec 16th, 2017 - Dec 15th, 2018

2021-2022 (426 days)
Nov 8th, 2021 - Jan 8th, 2023

Source: @Cryptocurrency_Inside


You really think this is over?  Roll Eyes
❗️👉  🫵 👈 ☝️ 👇 ❗️
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you smell that?  that's what spring smells like  Wink
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January 08, 2023, 06:24:01 PM
Merited by El duderino_ (10), Hueristic (1), John Abraham (1)

"be like JJG just DCA"

He doesn't have to do DCA until he does not understand what he is doing and what Bitcoin is.
He should learn more about Bitcoin before he invests. Otherwise, he will blame his friend for even short-term loss.

so he has to “not understand what he is doing”  in order to do DCA.

which is exactly why you should do DCA. Understanding the why of it is not necessary at all.

If he can commit to 66 better yet 99 weekly fiat dca buys of Btc that he can afford to lose he need not understand the why of it.

Now most investors cant do the simplest thing there is to do DCA weekly for a year or two or three or four.

It is how wealth is formed.

Most investors pick too much to use for DCA and do not stick to it come hell or high water.

I can frankly tell you I am guilty of an inability of proper DCA of btc.

But for the last ten fridays I did x dollars at coinbase so I made 10 straight DCA buys.

I would love to see just how many I can do. so
I picked a very reasonable weekly fiat number that I should be able to do for all of 2023 and all of 2024.

DCA investing is a basic plan that everyone in the world that does any investing should try to do one good long DCA. Maybe four years is a good goal.

I did one long dca move with one item in my life (doge) I simply saved every doge I mined from 2018 to 2021. That is not the dca move. I matched what I mined during that time.

My return was really good. yeah it is a different coin but had I done the same with btc for 2012 to 2015 I would be exceedingly rich.

I learned the hard way DCA is the way to go. You do not need to understand this at all.

Just Believe in JJG and DCA what you can afford to lose.
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January 08, 2023, 07:01:17 PM


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January 08, 2023, 08:01:17 PM


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January 08, 2023, 08:01:40 PM
Merited by AlcoHoDL (2), vapourminer (1), philipma1957 (1), Hueristic (1), Republikcoin.com (1), DdmrDdmr (1), strawbs (1), John Abraham (1)

"be like JJG just DCA"
He doesn't have to do DCA until he does not understand what he is doing and what Bitcoin is.
He should learn more about Bitcoin before he invests. Otherwise, he will blame his friend for even short-term loss.

Ok.  since my name has been used in vain here.. I will bite.

My first impression message in terms of the newbie learning about bitcoin and considering what to do would be get the fuck started as soon as possible... .. ok sure the very basics would mean that any random normie newbie person into bitcoin would have to come to an overall conclusion that in a 4-10 year or longer timeframe that it is likely that bitcoin prices are going to be higher than current prices - in other words, concluding that bitcoin fundamentals are relatively and sufficiently strong in the longer term of 4-10 years or more.

Picking a bunch of random normies off of the street, the vast majority of them are going to have some basic overall knowledge of the most important things in terms of their overall finances and their psychology in order to start investing in bitcoin right away which is generally that they are going to overall know their finances in terms of how much cash they have coming in on a monthly basis, what kinds of things and investments that they own versus their overall monthly expenses and debts that they have and they are also going to overall know a variety of aspects of their psychology. such as what kind of person they are..

So overall random peeps on the street already know enough to get started in bitcoin.. whether that is to buy $10 worth right now or $100, or $500 and whether they have such money in their bank account to cover such purchase, yet they might not really know specifics or details regarding how aggressive that they are going to be able to be if we string out the investment and in terms of what their target amount of BTC accumulation should be in light of their overall situation and the size of their overall investment portfolio, including how to play that over the coming 4-10 years or longer - perhaps even going into a kind of 15 to 30 year investment timeline, depending on their age, where they are at currently and where they are expecting (hoping) to go within their investment timeline, and they might well not know some particulars about the various ways that they are wasting money currently or what differentiates bitcoin as an investment from a variety of other assets, including being able differentiate bitcoin from shitcoins... but they can still work out the particulars about how much to invest and the method of their investment into bitcoin, which means learning as they go ... .. while getting the fuck started right away.

So let's try to outline a potential hypothetical normie in the west.. perhaps this person is a late 20s working person who is earning about $4k per month ($48k per year), and maybe has already saved up close to $50k in an investment portfolio...... .. yes, of course, results are going to vary in terms of how much an investment portfolio any random person off of the street might have been able to accumulate by the time s/he has gotten into his/her late 20s... so sure, it could be that I am painting too rosy of a picture to suggest that any average normie in the west in his/her late 20s may well have created an investment portfolio that is $50k-ish or even that his/her networth is reaching those kinds of levels in terms of measuring all assets versus debt and that such networth would be in the positive by $50k or more... but hey, don't we have to go with something in terms of our hypothetical person in his/her late 20s?  Have they established an investment portfolio or not, and how BIG is such investment portfolio by the time they reach late 20s?

If the numbers do not work exactly, they can be tweaked... even like a college student might be in debt.. and then maybe only getting out of debt in his/her 30s, perhaps?  and surely outside of the west, incomes are way smaller, so those circumstances could still be adjusted, even if there might be some presumption of working with the circumstances of a hypothetical person in his/her late 20s in the west.

So this hypothetical person that we randomly run into off of the street should be able to go into bitcoin right away without hesitation, and maybe s/he could go in at $100 per week just to start out, and then figure out the details later.  Do we need to work out the details?  Maybe off-the-cuff, such hypothetical person might determine that s/he can start out more whimpily with his/her investment into bitcoin at $10 per week or that s/he could be more aggressive and start out at $500 per week - but still getting the fuck started sooner rather than later is likely a good thing because it will likely take a few weeks just to figure out bitcoin sourcing or set up some bitcoin related accounts, maybe at swan bitcoin?

...and then as s/he learns more and more about bitcoin, about his/her particulars (level of whimpiness or perhaps fixing the dire status of his/her finances), then the ideas might develop in regards to target levels of accumulation that goes beyond mere DCA strategies from the start.  After a year, if s/he had been investing $100 per week, then s/he would have invested $5,200.. and sure maybe at that point the total invested into bitcoin might be starting to get to around 10% of the size of the overall investment portfolio.. and then maybe working out a lot of the particulars would be good, which is overall getting into particulars of cashflow, how much bitcoin you have already accumulated, your other investments, your view of bitcoin as compared with other investments, timeline, risk tolerance, and your time, skills, goals (investment/lifestyle targets) and your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments. 

There would be some presumptions that most normies already know several aspects of their individual circumstances, but they are going to be able to be more aggressive in their bitcoin investment if they try to figure out their circumstances with more precision and perhaps as they are building their investment portfolio.  They can learn as they go, and get started with their investment in bitcoin right away and without delay, whether that is $100 per week or some other variation that allows them to study as they go and perhaps 6 to 12 months they will have figured out whether they are going to shoot for a whimpy bitcoin allocation of 1% into their investment portfolio or a more aggressive allocation of 25%.
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