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

[mike4001]

I've probably mentioned this here before, but back in the day I mined a triple digit amount of BTC and sold them at a price in the double digits.

Later on, after deciding not to jump off the nearest tall structure, I decided to start grinding away and hodling.

The smart move going forward is probably to sell certain amounts at predetermined levels, similar to what jbreher does. However, I have a major aversion to the thought of selling any BTC, having been traumatized by earlier experiences.

If you have some kind of a goal (Buying a car, buying an Apartment, building a home, ...), just set a goal BTC price for yourself where you have to sell 10% / 25% / 50% of your BTC in order to reach it and keep the rest.

[itod]

I've probably mentioned this here before, but back in the day I mined a triple digit amount of BTC and sold them at a price in the double digits.

Later on, after deciding not to jump off the nearest tall structure, I decided to start grinding away and hodling.

The smart move going forward is probably to sell certain amounts at predetermined levels, similar to what jbreher does. However, I have a major aversion to the thought of selling any BTC, having been traumatized by earlier experiences.

That's the best thing that could happen to you. In my younger days I was asked to go to a card game and I agreed. Lost 1/2 of my monthly wage that night, and after that never played the card game in money ever again. Imagine the tragedy if I won, who knows how long would be gambling. Lessons learned the hard way are learned forever.

[gentlemand]

I've probably mentioned this here before, but back in the day I mined a triple digit amount of BTC and sold them at a price in the double digits.

Later on, after deciding not to jump off the nearest tall structure, I decided to start grinding away and hodling.

The smart move going forward is probably to sell certain amounts at predetermined levels, similar to what jbreher does. However, I have a major aversion to the thought of selling any BTC, having been traumatized by earlier experiences.

If you have an aversion to selling at a certain price then that tells me too much crypto is being given up. If selling 20% of it achieved every possible short to mid term desire then I wouldn't blink. If I was getting rid of 90% of it for the same I certainly would.

[jojo69]

I've probably mentioned this here before, but back in the day I mined a triple digit amount of BTC and sold them at a price in the double digits.

Later on, after deciding not to jump off the nearest tall structure, I decided to start grinding away and hodling.

The smart move going forward is probably to sell certain amounts at predetermined levels, similar to what jbreher does. However, I have a major aversion to the thought of selling any BTC, having been traumatized by earlier experiences.

BFL singles were $1300

BTC was $13

you do the math

feelin' ya brother man

[infofront]

Yeah I'll probably sit down and figure out certain percentages to sell at certain price levels to achieve certain goals. That seems to be the reasonable way to do it.

Bob's discipline in doing so has been inspiring.

[Deeyoh]

Did you actually buy some back in the 9's Bob?  That is like gravy money for ya. LOL  Who the heck needs to cash out when you can make a killing off people panic selling.

[User705]

I've probably mentioned this here before, but back in the day I mined a triple digit amount of BTC and sold them at a price in the double digits.

Later on, after deciding not to jump off the nearest tall structure, I decided to start grinding away and hodling.

The smart move going forward is probably to sell certain amounts at predetermined levels, similar to what jbreher does. However, I have a major aversion to the thought of selling any BTC, having been traumatized by earlier experiences.

BFL singles “promises” were $1300

BTC was $13

you do the math

feelin' ya brother man

Fixed it for you.

[jonoiv]

well i sold @12800

Your entire stash ?

yep. it's not much of a stash to be honest! but sold anyway.  if it breaks 14k ill consider buying back at a loss, but i think we'll see a further low before a strong bull market happens.  I'm usually wrong.  

[Icygreen]

The bottleneck in the 100-120bytes per sat has cleared up in the mempool. That is good news. https://dedi.jochen-hoenicke.de/queue/more/#24h

Would this have anything to do with bitmain moving shop I wonder.

[cAPSLOCK]

Out here in the snowy wilderness, on horseback, all by my lonesome.

Bland sort of afternoon.

No coyotes in sight.

The herd is all happy, safe, and healthy - best I can tell.

A seductively baritone breeze, with a slight lispy quality, just passed me, whispering into my ear "Thirteen Thouthand... I'm coming for you thoon, Bawb..."

[Biodom]

Yeah I'll probably sit down and figure out certain percentages to sell at certain price levels to achieve certain goals. That seems to be the reasonable way to do it.

Bob's discipline in doing so has been inspiring.

Perhaps, but this course of action assumes long term stability in the currency you exchange to. Can we be so sure?
I feel totally fine selling small amounts of btc if I need cash soon (it rarely happens). I was planning to sell some moderate amounts at $21-23K (due to some technical considerations), but the price did not happen as of yet. If it takes a year to get there, i am not sure that I will have the same conviction (to sell).

At some point we would be able to easily exchange relatively stable cryptos for relatively stable currencies and/or goods. We are not there yet by a large margin.

[btcbeliever]

...
BTW, Gemini support is terrible. Absolutely awful. I apologize for being blunt, but I've been working through issues cashing out $1M USD from a sale back above $14k, and still have not received a single freaking response from customer service.

Their system for getting verified is a bit convoluted - Wire in money from your financial institution, and, in theory, that sets up a two-way channel for them to initiate wires back to you.

Well, this works great for my primary financial institution, but not for the institution that is handling my retirement portfolio.

Long-story-short, I'm needing to wire funds out of Gemini into Financial Institution A, and then walk into Institution A and say "Greetings folks. I would like to make a Wire Transfer to Institution B. Here is my account information."... wait a moment while they pull up my account, sigh to myself as their eyes bug out and raise a curious eyebrow towards me, look further into my account history, and say "Yessir Mister Lawblaw. We'll get right on that. Would you like covfefe while you wait ? We'll need the manager to sign off on this..."

Coinbase has better support, for the love of God.

Coinbase at least allows me to ACH direct into Institution B. I feel dirty supporting Coinbase tho.

All the exchanges are shit.

Bob, check out https://genesistrading.com/ in NYC
The website is a bit primitive (does not work well on mobile devices) but they are a great place for selling large amounts of bitcoin, but only during business hours.  Settlement occurs in a few hours, rarely overnight.  They are market-makers and match buyers with sellers.  $75,000 minimum.  I sold for multiple millions in USD this year, worked very well.

[julian071]

Covfefe lol

Edit: to chime in on what infofront said, I have one goal now, having cashed out a lot already to buy Ducati's and other stuff, which is becoming financially independent. I wont sell anything anymore before reaching that goal.

Do I regret selling earlier? Even with the 20-20 hindsight, only slightly. I have been enjoying the stuff I bought thoroughly. The thought that I could've been a millionaire already only haunts me from time to time ;+D. I find comfort in the fact that I can't lose anymore, even if it goes to zero somehow.

[jojo69]

our next run at 13?

[mr angry]

BTW, Gemini support is terrible. Absolutely awful. I apologize for being blunt, but I've been working through issues cashing out $1M USD from a sale back above $14k, and still have not received a single freaking response from customer service.

...
All the exchanges are shit.

I thought they can't have shit support because they are licensed and insured. There go my illusions about another exchange. How many weeks have you been waiting for a reply  from customer service?

[samson]

I see the price is rising with declining volume since the recent low of ~$9200

Price going up, volume going down.....

Looking at Bitfinex 6hr chart.

I saw this somewhere :

[HairyMaclairy]

I see the price is rising with declining volume since the recent low of ~$9200

Price going up, volume going down.....

Looking at Bitfinex 6hr chart.

What is your interpretation of this ?

[oblox]

I see the price is rising with declining volume since the recent low of ~$9200

Price going up, volume going down.....

Looking at Bitfinex 6hr chart.

What is your interpretation of this ?

Less demand at higher prices.

[samson]

I see the price is rising with declining volume since the recent low of ~$9200

Price going up, volume going down.....

Looking at Bitfinex 6hr chart.

What is your interpretation of this ?

Less demand at higher prices.

Yep, I edited my post above to include this little nugget :



The bear is back....

[HairyMaclairy]

Maybe I can finally make some of my BearTrades ^TM.  Weekend dump is due soon.