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Question: Sept. 21 Closing Price:
$0 - 3 (3.8%)
<$8,000 - 4 (5%)
$8,000-$8,500 - 1 (1.3%)
$8,500-$9,000 - 1 (1.3%)
$9,000-$9,500 - 2 (2.5%)
$9,500-$10,000 - 5 (6.3%)
$10,000-$10,500 - 15 (18.8%)
$10,500-$11,000 - 15 (18.8%)
$11,000-$11,500 - 17 (21.3%)
$11,500-$12,000 - 5 (6.3%)
>$12,000 - 7 (8.8%)
>$20,000 - 5 (6.3%)
Total Voters: 80

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21366634 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. (106 posts by 21 users deleted.)
HairyMaclairy
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February 17, 2018, 04:48:58 AM

Bitstamp is the obvious choice for a high volume exchange that is not in the US. I have always found it rock solid.  After that the water gets murky real fast. Get in, do what you have to do, and get out.
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February 17, 2018, 05:40:20 AM

I won't run out....  Tongue
I already have too much fiat...
really gonna be problems of the 1%...  Shocked Shocked


I'm starting to have fiat problems myself. Those of you that regularly cash out, where do you store your fiat? Anyone into offshore IBC's and banking? If so which banks(s) and countries have you chosen?

Edit:
Further to the above; which exchange is your favourite for wire transfers offshore? especially when an intermediary is required

Bitstamp is the obvious choice for a high volume exchange that is not in the US. I have always found it rock solid.  After that the water gets murky real fast. Get in, do what you have to do, and get out.
I agree..tho the Kraken has rejuvenated itself nicely. 

I would look into a shelf company, perhaps out of Belize.

http://www.worldoffshorebanks.com/10-things-you-need-to-know-about-a-belize-offshore-company.php
https://www.apintertrust.com/offshore_company/belize_ibc.htm
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February 17, 2018, 05:53:44 AM

the hell is going on with the ETH meltdown?
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February 17, 2018, 05:58:46 AM
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the hell is going on with the ETH meltdown?

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February 17, 2018, 06:14:38 AM

The narrow and weak channel (such that it was) is now breaking to the upside.  



the hell is going on with the ETH meltdown?

EIP 867.  Allowing Devs to make state changes, to fix the Parity hack.  Its DAO all over again.  Also partly explains the pick up in ETC, in addition to Callisto. 

https://github.com/ethereum/EIPs/pull/867
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February 17, 2018, 06:16:57 AM


Perhaps, I may have to change my cashing out formula because the formula allows for my selling about 1% for every 10% price rise, so for example, if I start out with $100, and the price shoots up 10x, then I have cashed out about the equivalent of my original investment of $100 but I still have about 9x of the principle which is $900. The same thing is true for the next 10x and the next 10x, so if anyone follows such a formula, then he would not run out of BTC to sell in the event that the price continues to increase by 10x, yet he will have accumulated a lot of fiat, to decide whether to keep it for reinvesting (because I don't think that we ever go up a straight 10x without some kind of price correction in there) or to cash some or all of that fiat out.

Many of  us could already have issues like this, besides me, no?  But the problem that HairyMac was referring to was if guys and gal are cashing out too much too quickly and then run out... but if we have a formula for cashing out, we do not run out of BTC.

We know that we had about a 10x increase from $500 to $5k, and now we are at an additional 2x from $5k to $10k, but with the numbers presented by mfort312, it appears that there could be another couple of 10x increases within the price increase speculation, and the formula that I follow does not allow for running out of BTC, even if there were such a great increase...
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February 17, 2018, 06:21:21 AM



Obligatory for the crushing of the upcoming 11k wall.
+10 WOsMerits airdrop for all..f#ck it.
Carry on.
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February 17, 2018, 06:21:55 AM

breakout

HairyMaclairy
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February 17, 2018, 06:22:23 AM

Perhaps, I may have to change my cashing out formula because the formula allows for my selling about 1% for every 10% price rise, so for example, if I start out with $100, and the price shoots up 10x, then I have cashed out about the equivalent of my original investment of $100 but I still have about 9x of the principle which is $900. The same thing is true for the next 10x and the next 10x, so if anyone follows such a formula, then he would not run out of BTC to sell in the event that the price continues to increase by 10x, yet he will have accumulated a lot of fiat, to decide whether to keep it for reinvesting (because I don't think that we ever go up a straight 10x without some kind of price correction in there) or to cash some or all of that fiat out.

Why cash out at all if you already have enough fiat?  Why not just ride the whole stack up?  
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February 17, 2018, 06:24:31 AM

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February 17, 2018, 06:27:27 AM

Perhaps, I may have to change my cashing out formula because the formula allows for my selling about 1% for every 10% price rise, so for example, if I start out with $100, and the price shoots up 10x, then I have cashed out about the equivalent of my original investment of $100 but I still have about 9x of the principle which is $900. The same thing is true for the next 10x and the next 10x, so if anyone follows such a formula, then he would not run out of BTC to sell in the event that the price continues to increase by 10x, yet he will have accumulated a lot of fiat, to decide whether to keep it for reinvesting (because I don't think that we ever go up a straight 10x without some kind of price correction in there) or to cash some or all of that fiat out.

Why cash out at all if you already have enough fiat?  Why not just ride the whole stack up?  
Because shit happens. And it allows for buying back lower down.
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February 17, 2018, 06:34:08 AM
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... hand me your trousers, no time to explain.
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February 17, 2018, 06:34:20 AM


So, when are we going to hit $1,000,000?

BTC will be $1,000,000 at about the same time that a loaf of Wonder Bread costs $50.00. Which may be sooner than we all think..

That or we see John McAfee do something he claims he's not going to do by a certain year.
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February 17, 2018, 06:36:20 AM

Perhaps, I may have to change my cashing out formula because the formula allows for my selling about 1% for every 10% price rise, so for example, if I start out with $100, and the price shoots up 10x, then I have cashed out about the equivalent of my original investment of $100 but I still have about 9x of the principle which is $900. The same thing is true for the next 10x and the next 10x, so if anyone follows such a formula, then he would not run out of BTC to sell in the event that the price continues to increase by 10x, yet he will have accumulated a lot of fiat, to decide whether to keep it for reinvesting (because I don't think that we ever go up a straight 10x without some kind of price correction in there) or to cash some or all of that fiat out.

Why cash out at all if you already have enough fiat?  Why not just ride the whole stack up?  
Because shit happens. And it allows for buying back lower down.

Yeah the real question for me is whether an incrementalist approach or defensively trading established macro trends would be optimal.  
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February 17, 2018, 06:39:01 AM

breakout



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February 17, 2018, 06:40:10 AM


So, when are we going to hit $1,000,000?

BTC will be $1,000,000 at about the same time that a loaf of Wonder Bread costs $50.00. Which may be sooner than we all think..

That or we see John McAfee do something he claims he's not going to do by a certain year.


or craig wright is satoshi and on jan 1st 2020 has access to that blind trust with billions of bitcoin in it ..(as last man of the satoshi group alive) and he dumps it all
just to burn us all.....(this is how life usually works in the bitcoin universe ...weird as f*ck)

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February 17, 2018, 06:49:28 AM

Perhaps, I may have to change my cashing out formula because the formula allows for my selling about 1% for every 10% price rise, so for example, if I start out with $100, and the price shoots up 10x, then I have cashed out about the equivalent of my original investment of $100 but I still have about 9x of the principle which is $900. The same thing is true for the next 10x and the next 10x, so if anyone follows such a formula, then he would not run out of BTC to sell in the event that the price continues to increase by 10x, yet he will have accumulated a lot of fiat, to decide whether to keep it for reinvesting (because I don't think that we ever go up a straight 10x without some kind of price correction in there) or to cash some or all of that fiat out.

Why cash out at all if you already have enough fiat?  Why not just ride the whole stack up?  

I have been employing this system (more or less) on the way up since about $250 (starting in October 2015), and I am learning along the way, because in the beginning, sometimes I would get too excited by price movements in one direction and I would deviate from the system - which only caused me to fuck myself in the end...  A good example is my newbie application of his system when the price shot up from $270 to $500 in November 2015, I sold way too little.. and I was not able to take as much advantage of the dip back down to $300.. fuck.. I learned from that to just follow my formula... and, yeah, I have not been perfectly following it, because even I can become emotional with great market moves and stagnation.

 I became more disciplined in stopping my deviation from following the formula, and after I stopped deviating and only tweaking my application a little bit here and there, the system ended up working so much better because we are really never able to determine exactly when the price is going to turn, and I don't know how to make those kinds of predictions and I don't really believe folks who claim to be able to make those kinds of predictions.   

I mean, we had a 70% price correction, and I would have been decently comfortable buying BTC down to a 90% or more correction, if it would have happened (of course I would not have liked it, but my system allowed the building up of fiat that could be used for buying back all the way down, if the price were to go down).

Even though in my earlier post I started out saying that "I may have to change my cashing out formula", I am thinking that I am lying with that kind of assertion because I really don't conclude that it would be wise to change something that really works to prepare for both UP and DOWN...

Surely, I still get nervous in each price direction and when the price seems to be moving beyond rational expectations, and sometimes I wish that I would have NOT sold so much or I wish that I would have bought more.. or I wished that I would have sold more.. blah blah blah.. we know the drill about having some regrets after the market has already moved. but in the end, we don't really know what the fuck the market is going to do and when it is going to do it and for how long it is going to do it.  So, just following the formula with minor tweaks here and there really provides a lot of comfort and insurance for such seemingly ongoing volatile asset like this bitcoin thingie ma-jiggie.

Seem like one of the biggest guarantees that we have in bitcoin remains volatility.. NOT whether we are going up or if we are going down... but just volatility.. and if we are understanding the fundamentals of bitcoin sufficiently, then we can recognize that there is a decent chance that even though we are going up and down and up and down, just like the rollercoaster guy, it remains quite likely that we are going to continue to have upwards BTC price movement on an ongoing basis and in the long run.. and BTFD remains a good practice to have and a good thing to prepare for on an ongoing basis by selling small amounts on the way up.......

So, largely, the last few days, I have been mostly selling, and it looks like I am going to continue to be selling, and the amounts are small because we cannot be sure if we are continuing to go up or when this little fake out bad boy is going to reverse.. Maybe it will and maybe it won't and in the end my strategy allows me to NOT care... even though I am hoping a bit more that we be going UP.. UP is so much more fun than DOWN, no?....   Bring on the hookers, blow and lambos... hahahahahaha
JayJuanGee
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February 17, 2018, 06:57:15 AM

Perhaps, I may have to change my cashing out formula because the formula allows for my selling about 1% for every 10% price rise, so for example, if I start out with $100, and the price shoots up 10x, then I have cashed out about the equivalent of my original investment of $100 but I still have about 9x of the principle which is $900. The same thing is true for the next 10x and the next 10x, so if anyone follows such a formula, then he would not run out of BTC to sell in the event that the price continues to increase by 10x, yet he will have accumulated a lot of fiat, to decide whether to keep it for reinvesting (because I don't think that we ever go up a straight 10x without some kind of price correction in there) or to cash some or all of that fiat out.

Why cash out at all if you already have enough fiat?  Why not just ride the whole stack up?  
Because shit happens. And it allows for buying back lower down.

Finally, you stepped out of your race hating hut, and you proclaimed something that makes a whole hell of a lot of sense...

I had a quick flash thought of giving you a merit that dissipated quickly when I realized that I cannot give merits for just a string of one good post.  hahahahahaha   Tongue
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February 17, 2018, 06:57:40 AM
Last edit: February 17, 2018, 07:07:51 AM by explorer


I agree..tho the Kraken has rejuvenated itself nicely.  


I got a support ticket response after barely 3 weeks!  Telling me my ticket was being forwarded to an account specialist!
I will feel less special if another 3 weeks passes with no contact...

via Imgflip Meme Generator
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February 17, 2018, 07:00:16 AM


EIP 867.  Allowing Devs to make state changes, to fix the Parity hack.  Its DAO all over again.  Also partly explains the pick up in ETC, in addition to Callisto. 

https://github.com/ethereum/EIPs/pull/867

I thought they were having meetings and learning how to sing kumbaya?
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