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

[sidhujag]

Had to sell a bit to cover Q3 taxes and equipment. I hate selling on a dip, drat....

A sign of being overly invested.. in other words, you do not have your expenses projected out on a long enough timeline in order to provide you a large enough float.. whether that float needs to be $1k or $10k or $20k is something for you to determine ( but seems like you don't quite have it down, yet). 

I tend to project my expenses out a minimum of 6 months and frequently into the 18months or more timeline... so a lillie dip like this (and only for about 2 weeks) has not been going on long enough to cause anything close to cash flow pressures - Sure, if it goes on for 6 months or it goes down another 50%, then that could be another story for me, and I would want to start adjusting now for what could happen 6 months from now so I am not selling at the bottom, if that were the case.

Incorrect. I run a business here, one that needs to pay for itself first. If I were to pay for things using pocket money then I would be essentially investing that in bitcoin, which is not my intent. Therefore when I have to buy supplies I batch withdraw some bitcoin and note it in the ledger. Same with taxes and such.

Besides this little dip is in the middle of the most amazing run ever. I don't try to time the market, I let the chips fall where they may.

I let my comments stand where they may, too, and it seems to make little to no difference that you are "running a business." 

The same principles apply regarding cashflow management and figuring out ways to minimize the need to make sales of a volatile asset at the potential bottom... that is if you have any kind of choice and control in structuring those kinds of matters... .. whether my comments apply to your situation or not, that is up to you to decide and apparently you are deciding that my comments do not apply to your situation.   I have no problem with that because you should know your situation better than anyone else, and I was merely commenting upon the situation that you seemed to have been presenting.

Further,  I understand that if you have a business that is structured to merely sell no matter what the price, then that seems to be a different story, and might not even warrant a comment in this thread because the business is set up that way, since in that kind of case you would have been selling no matter what the price... and just perhaps hoping the price would have been higher... but may not really matter, if you already set up the business in that kind of .. sell right away way.

Similar to miners which do not account for projected earnings its here and now. These other businesses are the same. Miner variance is too high which reduced decentralization in bitcoin which is a result of this phenomenon.

[JayJuanGee]

Had to sell a bit to cover Q3 taxes and equipment. I hate selling on a dip, drat....

A sign of being overly invested.. in other words, you do not have your expenses projected out on a long enough timeline in order to provide you a large enough float.. whether that float needs to be $1k or $10k or $20k is something for you to determine ( but seems like you don't quite have it down, yet). 

I tend to project my expenses out a minimum of 6 months and frequently into the 18months or more timeline... so a lillie dip like this (and only for about 2 weeks) has not been going on long enough to cause anything close to cash flow pressures - Sure, if it goes on for 6 months or it goes down another 50%, then that could be another story for me, and I would want to start adjusting now for what could happen 6 months from now so I am not selling at the bottom, if that were the case.

Incorrect. I run a business here, one that needs to pay for itself first. If I were to pay for things using pocket money then I would be essentially investing that in bitcoin, which is not my intent. Therefore when I have to buy supplies I batch withdraw some bitcoin and note it in the ledger. Same with taxes and such.

Besides this little dip is in the middle of the most amazing run ever. I don't try to time the market, I let the chips fall where they may.

That's crazy, you should do it the JJG way.  Project your expenses 6 months from now and then sell at the top so you don't have to sell during a "lillie dip".  How hard is that?  If you don't have perfect market timing then you must be "overly invested".



Or just put him on ignore.  He is the first and only person I've ever ignored and it is blissful.  So arrogant and loves to see himself type.

I would like to see myself type.... NOT  me.   

[nanobtc]

[jojo69]

2. They really REALLY want you buy the new iPhoneX. Because it's supposedly "awesome". And a "game changer". No really. Never mind that it costs $1K. Or that face recognition stuff where Apple will forever store your face recog profile in the cloud along with all your other personal info. I mean, no way that the NSA or hackers could get access to that info. Right? Sure, sure.

You seem to have either:
1) a fundamental misunderstanding of the (disclosed) details of how the face recog stuff works; or
2) insider knowledge which contradicts Apple's public statements.

Which is it?

Reminds me of all the false FUD surrounding the details of the inner workings of Apple Pay that used to circulate on this forum a year or two ago.

wow...I been putting up with the bear at the pick-nick table too, but this...


wow, OK folks please google CV dazzle, also hijab? not such a bad idea as it turns out...

[explorer]

Had to sell a bit to cover Q3 taxes and equipment. I hate selling on a dip, drat....

A sign of being overly invested.. in other words, you do not have your expenses projected out on a long enough timeline in order to provide you a large enough float.. whether that float needs to be $1k or $10k or $20k is something for you to determine ( but seems like you don't quite have it down, yet). 

I tend to project my expenses out a minimum of 6 months and frequently into the 18months or more timeline... so a lillie dip like this (and only for about 2 weeks) has not been going on long enough to cause anything close to cash flow pressures - Sure, if it goes on for 6 months or it goes down another 50%, then that could be another story for me, and I would want to start adjusting now for what could happen 6 months from now so I am not selling at the bottom, if that were the case.

Incorrect. I run a business here, one that needs to pay for itself first. If I were to pay for things using pocket money then I would be essentially investing that in bitcoin, which is not my intent. Therefore when I have to buy supplies I batch withdraw some bitcoin and note it in the ledger. Same with taxes and such.

Besides this little dip is in the middle of the most amazing run ever. I don't try to time the market, I let the chips fall where they may.

That's crazy, you should do it the JJG way.  Project your expenses 6 months from now and then sell at the top so you don't have to sell during a "lillie dip".  How hard is that?  If you don't have perfect market timing then you must be "overly invested".



Or just put him on ignore.  He is the first and only person I've ever ignored and it is blissful.  So arrogant and loves to see himself type.

LOL

https://bitcointalk.org/index.php?topic=178336.msg6090318#msg6090318

[lightfoot]

That's crazy, you should do it the JJG way.  Project your expenses 6 months from now and then sell at the top so you don't have to sell during a "lillie dip".  How hard is that?  If you don't have perfect market timing then you must be "overly invested".



Or just put him on ignore.  He is the first and only person I've ever ignored and it is blissful.  So arrogant and loves to see himself type.

Eh, whatever works. I've sold bits at insanely high prices, sold at low prices (remember when it was $600 or so). Probably averages out, and since I do FIFO accounting the CG taxes or losses are minimal.

Besides, when coin values go up lots of people send me stuff to fix. When they go down not so much. Which is odd since I am charging in coin not money per se, so it should be relative.....

[ShadowBCH]

That's crazy, you should do it the JJG way.  Project your expenses 6 months from now and then sell at the top so you don't have to sell during a "lillie dip".  How hard is that?  If you don't have perfect market timing then you must be "overly invested".



Or just put him on ignore.  He is the first and only person I've ever ignored and it is blissful.  So arrogant and loves to see himself type.

Eh, whatever works. I've sold bits at insanely high prices, sold at low prices (remember when it was $600 or so). Probably averages out, and since I do FIFO accounting the CG taxes or losses are minimal.

Besides, when coin values go up lots of people send me stuff to fix. When they go down not so much. Which is odd since I am charging in coin not money per se, so it should be relative.....

I remember how it was for $ 170

Is the Chinese information true? One information can dramatically change the price of bitcoin?

[Karartma1]

Bullish post: someone here noted the interesting correlation between the bitcoin network hashing power and the price of a single bitcoin. If you get those corresponding charts and you put them one on top of the other the magic happens. Expect to go back to $4000 soon.
Jamie Dimon approved this post before its publication 

[cmacwiz]

btw guys I was lying. I don't have any friends irl

        screw it I just want bitcoin, a boat, and some books

If this is the big retrace before another huge pump, we got more down to go methinks

[Last of the V8s]

I'm sorry about the pants, guys. I really don't know what to say. It's embarrassing.

oh god, I'm dying here, lol

I love you guys, really, what a thread, it's like our own little /b/

[becoin]

Sometimes when i take a step back and looks at things, it feels totally insane to buy an internet token over 4000 dollars  

It feels totally insane to buy one Bitcoin for only 4000 Fed tokens!

Fed tokens aren't what they used to be

Fed tokens? what ICO is that?  

Worst ICO ever:

- no ICO white paper or prospectus
- unlimited quantity of issued tokens
- unknown schedule of issuance
- auditing issuers book is forbidden
- insiders get billions of newly issued tokens at zero cost
- if you fork it you go to jail

[BlindMayorBitcorn]

https://themerkle.com/chinese-bitcoin-exchanges-will-likely-not-be-banned-after-all/

Surprise.

[ThatsABity]

https://themerkle.com/chinese-bitcoin-exchanges-will-likely-not-be-banned-after-all/

Surprise. Suplise!

[Meuh6879]

"Have you a job for me ?"

[xhomerx10]

From what I have seen, it seems as though the skyward shots are directly preceded by two or more weekly red candles.  I think it's time to strap in again. HODLn'!

edit: sorry...cant attach an image since I'm on an old tablet with bad memory (both of ours)

Well you are NOT fucking going to get two or more preceding weekly red candles, because currently, under present facts, we only have one preceding red weekly candle and we are in the middle of a second weekly candle that happens to currently be red (and price needs to go above $4250 for this week's currently red candle to transform into green - and we are only about half way into this week's candle)...


Your point about returning up on a kind of rocket (from here), may or may not happen...  I would not be surprised either way, at this point.  It seems a bit unclear at this point whether the bears are exhausted and whether enough FUD has been effectively disseminated in order to cause regular folks to panic dump, after already going through an approximately 25% correction...  as we stand, currently.

 You speak as if I WANT 2 weekly red candles and I don't really care so much for the red as I prefer the green.  Also, what if my  chart is set up such that a week started on August 28th?  I am seeing red... More specifically, 2 red weekly candles and if those lead to a rocketing skyward if only by coincidence, I will still celebrate.
 

[jbreher]

2. They really REALLY want you buy the new iPhoneX. Because it's supposedly "awesome". And a "game changer". No really. Never mind that it costs $1K. Or that face recognition stuff where Apple will forever store your face recog profile in the cloud along with all your other personal info. I mean, no way that the NSA or hackers could get access to that info. Right? Sure, sure.

You seem to have either:
1) a fundamental misunderstanding of the (disclosed) details of how the face recog stuff works; or
2) insider knowledge which contradicts Apple's public statements.

Which is it?

Reminds me of all the false FUD surrounding the details of the inner workings of Apple Pay that used to circulate on this forum a year or two ago.

Shut up troll

So it has come to this, eh? OK, I'll play along. With all the intelligence you have mustered in kind.

Make me. Nyeah, nyeah. You poopie face.

[xhomerx10]

That reminds me of my friend's 4 year old son opening the window one day and yelling "Hey shitty pants!" at the top of his lungs.

[Last of the V8s]

hey

poopie face.

you going to that scamfest in Hong Kong?

[conspirosphere.tk]

You seem to have either:
1) a fundamental misunderstanding of the (disclosed) details of how the face recog stuff works; or
2) insider knowledge which contradicts Apple's public statements.

Here's the insider knowledge:

[toknormal]