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

[USB-S]

It appears Eth experiencing a downtrend pump.

MAN! IT'S ALL ABOUT MOON!!

https://youtu.be/rhhSB5PFQkY

The reality truth may be too hard for some to handle.

But I think I just found myself a trading strategy mentor.

THE MOON!

10 doge=15dollars, you heard it here first!

[JayJuanGee]

I've already lost all of my money, by exchanging it to bitcoins(and I continue to do so with every paycheck). So there isn't really any money left to lose. I'm as broke as a person can be. Once I was thrown out of a train for not having enough money for a ticket, €1.20 to be exact.

Also my history in finance is none. That means I have no idea what finance even means. I have no papers or experience regarding finance.

That does not seem to be a very good BTC investment strategy.

I think that it is better to attempt to project your cashflow ahead of time.  

Let's say for example, for argument sake, you earn $1,000 per month.  All of your necessary living expenses add up to $800 per month, and so you are left with $200 discretionary.  You know that within your discretionary budget you have various entertainment needs or even unexpected discretionary expenses that are going to cost you around $100 per month.

Therefore, you only have about $100 per month to invest in bitcoin, which is fine to invest that money into bitcoin and to accumulate bitcoin with that $100 per month.  Let's say over the years, the value of that $100 per month builds up to $3k, you should attempt to work that $3k in such a way that it is not 100% subject to bitcoin volatility by buying while the price of BTC goes down and selling while the price of BTC goes up.

Anyhow, practice helps you to get better at continuing to build your $3k BTC fund, and to keep some of that fund in fiat and some in BTC, maybe even something like a 95% btc to 5% fiat split or some reasonable variation.. that is going to fluctuate with ongoing changes in BTC prices... in other words, try to never go "full btc" nor to ever go "full fiat"  

[ahpku]

 
>ether lays ontop of bitcoin
Yeah, that sort of stuff. Don't flaunt it.

'splain it to us, ahpku, as if we were 5.  Why doesn't ether lay on top of bitcoin?  Isn't ETH kind of riding on the coattails of bitcoin's security in order to pump, while creating the false impression that ETH is able to sustain itself?

start 'splainin, ahpku.     Oh you can't... oh...what a surprise.   

Already ELY5 everything here, in these hallowed fora, Friend.
Sadly, some things just can't be ELY3withAssburgers, and, as such, remain beyond your ken.

[JayJuanGee]

 
>ether lays ontop of bitcoin
Yeah, that sort of stuff. Don't flaunt it.

'splain it to us, ahpku, as if we were 5.  Why doesn't ether lay on top of bitcoin?  Isn't ETH kind of riding on the coattails of bitcoin's security in order to pump, while creating the false impression that ETH is able to sustain itself?

start 'splainin, ahpku.     Oh you can't... oh...what a surprise.   

Already ELY5 everything here, in these hallowed fora, Friend.
Sadly, some things just can't be ELY3withAssburgers, and, as such, remain beyond your ken.

In other words, instead of posting something substantive, you got nuttin...


hahahahaha   I figured as much.   

[ahpku]

In other words,

I seldom give advice, but when I do...

[USB-S]

In other words,

I seldom give advice, but when I do...

Do we humans even know what are we doing? I mean we're pretty fucking primitive.

Or am I alone on this.

I think that it is better to attempt to project your cashflow ahead of time.  

This sounds like a credit based system.

[r0ach]

You know the Eth dumps in the night
Eth dumps in the day
Try to run
Try to hide
Dump on through to the other side

[ahpku]

Do we humans even know what are we doing? I mean we're pretty fucking primitive.

Some do, some don't and some are fucking annoying. I'm still undecided about JJG: 20% chance he's genuinely, organically messed up (which means I'm a heartless dick), 40% chance that he's always-in-character troll (in which case, GG JJG), and 30% chance that he's a genuinely a babbling buffoon he appears to be.
Of course, these aren't mutually exclusive...

P.S. Talking about mental hygiene, look what just scurried in...

[nioc]

And the other 10%?

[USB-S]

Do we humans even know what are we doing? I mean we're pretty fucking primitive.

Some do, some don't and some are fucking annoying. I'm still undecided about JJG: 20% chance he's genuinely, organically messed up (which means I'm a heartless dick), 40% chance that he's always-in-character troll (in which case, GG JJG), and 30% chance that he's a genuinely a babbling buffoon he appears to be.
Of course, these aren't mutually exclusive...

P.S. Talking about mental hygiene, look what just scurried in...

Leave JJG alone

[ahpku]

And the other 10%?

Mystery Babylon?

[Suggestive Melon]

You know the Eth dumps in the night
Eth dumps in the day
Try to run
Try to hide
Dump on through to the other side

So, I definitely agree that Eth will eventually be dumped into oblivion, but I also see that it is getting added to coinbase.  I was turning it over in my head that there is a possibility of Eth getting pumped one final time because of its addition there, and then will subsequently be dumped before the 28th; what are your thoughts on this, R0ach?

[nioc]

Maybe if everybody here used >20 accounts this would be even better. 

[USB-S]

Maybe if everybody here used >20 accounts this would be even better.  

In the end of the day you'd get classified as bearish or bullish.

I'd enjoy the havoc however.
https://www.youtube.com/watch?v=8hKN9J-fFSs

[JayJuanGee]

In other words,

I seldom give advice, but when I do...

You have been on a decent roll today in your thought provoking non-substantive posts, ahpku.

Just to play with you a little:  Generally I do not consider my various posts as advice, so in that regard, readers can consider them with whatever grain of salt they prefer, and make choices regarding how to proceed according to their personal circumstances.

Maybe characterizing my posts as brainstorming attempts would be more accurate?    

[JayJuanGee]

I think that it is better to attempt to project your cashflow ahead of time.  

This sounds like a credit based system.

I have been engaged in such a cash flow projection application for well over 25 years.  I believe that my earlier cashflow projection versions were less sophisticated, but it really helps to consider your cashflow projection in order that you do not get caught without cash and/or you have various back-up plans in circumstances in which you may be stretching your finances a bit thin.

Anyhow, sometimes, you may not realize the financial impact of various circumstances until you project out the situation and then prepare for worst case scenarios... can be used with credit as well, but not only in regards to credit but in regards to a lot of cash flow circumstances (and considering some unknowns too)

I tend to use a custom-made Excel spreadsheet for my various flowsheets with a master flowsheet and some other sub flowsheets that may or may not be linked to one another (depending on whether I believe it is necessary to make such linkages).

[USB-S]

I think that it is better to attempt to project your cashflow ahead of time.  

This sounds like a credit based system.

I have been engaged in such a cash flow projection application for well over 25 years.  I believe that my earlier cashflow projection versions were less sophisticated, but it really helps to consider your cashflow projection in order that you do not get caught without cash and/or you have various back-up plans in circumstances in which you may be stretching your finances a bit thin.

Anyhow, sometimes, you may not realize the financial impact of various circumstances until you project out the situation and then prepare for worst case scenarios... can be used with credit as well, but not only in regards to credit but in regards to a lot of cash flow circumstances (and considering some unknowns too)

I tend to use a custom-made Excel spreadsheet for my various flowsheets with a master flowsheet and some other sub flowsheets that may or may not be linked to one another (depending on whether I believe it is necessary to make such linkages).

I like your idea of using Excel in your monetary planning. I'll give it a try.

[marcus_of_augustus]

May 23 2016, still waiting for segwit 

... or you could help test it instead of being a lazy, whinging ...

https://github.com/bitcoin/bitcoin/pull/7910

[Gyrsur]

ETH --> https://youtu.be/-DT7bX-B1Mg

[JayJuanGee]

I think that it is better to attempt to project your cashflow ahead of time.  

This sounds like a credit based system.

I have been engaged in such a cash flow projection application for well over 25 years.  I believe that my earlier cashflow projection versions were less sophisticated, but it really helps to consider your cashflow projection in order that you do not get caught without cash and/or you have various back-up plans in circumstances in which you may be stretching your finances a bit thin.

Anyhow, sometimes, you may not realize the financial impact of various circumstances until you project out the situation and then prepare for worst case scenarios... can be used with credit as well, but not only in regards to credit but in regards to a lot of cash flow circumstances (and considering some unknowns too)

I tend to use a custom-made Excel spreadsheet for my various flowsheets with a master flowsheet and some other sub flowsheets that may or may not be linked to one another (depending on whether I believe it is necessary to make such linkages).

I like your idea of using Excel in your monetary planning. I'll give it a try.

My earlier versions were on paper, and there is quite a bit of portability and flexibility with paper; however with paper it seems as if re-writing had been causing quite a lot of extra work, just to make some changes or to consider differing hypothetical projection circumstances (actually too much). 

Once you create a few spreadsheets that fit your circumstances, it seems to become easier to tweak various scenarios or sub-scenarios on the fly and to see how those various hypothetical changed circumstances play out down the road.