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

[HI-TEC99]

I wonder how many of my bids will be touched while I sleep tonight? Biy, I am getting old. It's only 8;25 pm my time and I am already thinking about going to bed. However, daylight savings time is activating tonight. Going to be a rough week ahead for me. Maybe I should move to Arizona, Hawaii or Puerto Rico. My body clock always has a rough time adjusting to this bullshit. Why the hell do we need it to be twilight at 9:00 pm in June?

Did the daylight savings time switch make you change your avatar? Both of them are cool, but you switched them today.

[Last of the V8s]

some of his questions are interesting... (not radix lol)

What's wrong with radix? genuinely interested, as I've heard a little about it before and it sounded somewhat non-scam like.

When I last looked it was a target for botnets and sybil attacks and was claiming turing-completeness which is idiotic (verging on scammery).
Ideologically also for me, all alts are irrelevant, not least because of the Lindy effect and centralisation around a weird bloke from Stoke-on-Trent.

[yefi]

but, again I expect this market to be down or sideways this year...the trustee of the mt. gox is dumping on the exchange..if he is smart

he is telling the wife, WHEN, he is doing so, to play the market...500 million down since Nov 2017 I heard, only 1.5 billion left to liguidate

There's a fair chance the remaining estate will go to civil rehabilitation, in which case he won't be dumping, as the distribution will be largely or fully in bitcoin.

[Lontonbit]

Im probably leaving the market within a week in my final distribution. AMA

Is this humour?
if yes - haha
if no - why leave?

Its 10 time less profitable to trade in these kinds of conditions so its an optimal time to reduce the risk of holding funds on exchanges and take a break from the immense stress, risk, and sleep disruption of trading. Also I am now financially set for 2 decades and have chronic illness. If I decide to go after money again and may be via a business or software project like making a new coin or an exchange and possibly not via trading.

Thanks for clarifying. Very best of luck.
(A server hosting company/ISP that one could actually trust would make a lot of money.)
You said AMA, but this is sheer nosiness: what chronic illness?

I seem to remember lyme disease.

Not to get personal or anything..

Some kind of slow polyneuropathy like what happens when you have diabetes. According to ILADS doctors and their alternative testing its lyme and/or bartonella but it might be something else. I also had vitamin B6 toxicity and I have a list of other things I wont share. 2 years ago I was the epitome of health and was running 10Ks

I have Lyme as well (((

[Rosewater Foundation]

I'm about ready to capitulate myself. Is it best to dollars cost average your way out as well?
PS. I have no complaints, have done well.

[Biodom]

I’m not going anywhere.   I’ve got another 5 years of hold in me. At least.  As I have said many times before, I will be accumulating sub $5k if we get there and very aggressively should we approach 2014 Gox ATH.  

The only way $1200 is possible if bitcoin would be on the way to it's death.
Buying in that situation would be a wrong move.

[HI-TEC99]

I’m not going anywhere.   I’ve got another 5 years of hold in me. At least.  As I have said many times before, I will be accumulating sub $5k if we get there and very aggressively should we approach 2014 Gox ATH.  

The only way $1200 is possible if bitcoin would be on the way to it's death.
Buying in that situation would be a wrong move.

There was a dip about this time last year.




It soon recovered afterwards.

[bitserve]

I'm about ready to capitulate myself. Is it best to dollars cost average your way out as well?
PS. I have no complaints, have done well.

Yes, it is better to dollar cost average the exit, exactly the same as the investment. Unless you were to know for sure it is gonna rise or dump for good.... which you, obviously, don't.

Or just change your trading strategy to "bear market" and do aggresive trades with the target of extracting fiat instead of increasing BTC. It depends on your hurry to fully exit though.

That said, I am considering capitulating too. Except my way of capitulating would be the same I did in 2014-2015... ie: Just hodl, forget, and move onto other things indefinitely.

[Vlada69]

I’m not going anywhere.   I’ve got another 5 years of hold in me. At least.  As I have said many times before, I will be accumulating sub $5k if we get there and very aggressively should we approach 2014 Gox ATH.  

The only way $1200 is possible if bitcoin would be on the way to it's death.
Buying in that situation would be a wrong move.

There was a dip about this time last year.




It soon recovered afterwards.

Yes but mil$ question where it will be?

[Rosewater Foundation]

I'm about ready to capitulate myself. Is it best to dollars cost average your way out as well?
PS. I have no complaints, have done well.

Yes, it is better to dollar cost average the exit, exactly the same as the investment. Unless you were to know for sure it is gonna rise or dump for good.... which you, obviously, don't.

Or just change your trading strategy to "bear market" and do aggresive trades with the target of extracting fiat instead of increasing BTC. It depends on your hurry to fully exit though.

That said, I am considering capitulating too. Except my way of capitulating would be the same I did in 2014-2015... ie: Just hodl, forget, and move onto other things indefinitely.

Thanks for your honesty.

[birr]

I'm about ready to capitulate myself. Is it best to dollars cost average your way out as well?
PS. I have no complaints, have done well.

Consider that in dollar cost averaging, you convert dollars at a steady rate into another asset.  It works, because when the asset is expensive, your dollars buy less of it, and when the asset is cheap your dollars buy more of it.  That's exactly how you want to go about buying something.
Now consider selling an asset.  If you extract dollars at a steady rate from your store of the asset, it means that when the asset is expensive, you sell less of it, and when the asset is cheap you sell more of it.  That is most definitely not how you want to do it.
Instead, to wind down your position in an asset, you should sell that asset at a steady rate; e.g., sell the same amount of bitcoin every month.
By doing it that way, you are getting more dollars when bitcoin is expensive, and less dollars when bitcoin is cheap.
Another way to think about it is this:  when you acquire an asset using dollar cost averaging, in effect you're selling dollars, and by selling those dollars at a steady rate you get the best results.  Winding down an asset's position is the mirror image that process.  You're selling bitcoin, and selling those bitcoins at a steady rate denominated in bitcoin (not dollars) gives the best results.

[Anon136]

I’m not going anywhere.   I’ve got another 5 years of hold in me. At least.  As I have said many times before, I will be accumulating sub $5k if we get there and very aggressively should we approach 2014 Gox ATH.  

The only way $1200 is possible if bitcoin would be on the way to it's death.
Buying in that situation would be a wrong move.

There was a dip about this time last year.




It soon recovered afterwards.

Yes but mil$ question where it will be?

Still not seeing a capitulation candle.

[Biodom]

Just hodl, forget, and move onto other things indefinitely.

Yeah, I increased my stock market activity and decreased my btc trading activity from low to almost nonexistent.
The whole up-down thingie is bewildering to me and I cannot trade what I don't understand.

[HI-TEC99]

I'm about ready to capitulate myself. Is it best to dollars cost average your way out as well?
PS. I have no complaints, have done well.

Yes, it is better to dollar cost average the exit, exactly the same as the investment. Unless you were to know for sure it is gonna rise or dump for good.... which you, obviously, don't.

Or just change your trading strategy to "bear market" and do aggresive trades with the target of extracting fiat instead of increasing BTC. It depends on your hurry to fully exit though.

That said, I am considering capitulating too. Except my way of capitulating would be the same I did in 2014-2015... ie: Just hodl, forget, and move onto other things indefinitely.

Hodling's better than this trading strategy.

[bones261]

I’m not going anywhere.   I’ve got another 5 years of hold in me. At least.  As I have said many times before, I will be accumulating sub $5k if we get there and very aggressively should we approach 2014 Gox ATH.  

The only way $1200 is possible if bitcoin would be on the way to it's death.
Buying in that situation would be a wrong move.

Only if I notice that my Twitter feed has run dry and no one is posting here anymore. If there is still a somewhat active community, BTC is not truly dead. Even if the price is terribly low.

[Vlada69]

I’m not going anywhere.   I’ve got another 5 years of hold in me. At least.  As I have said many times before, I will be accumulating sub $5k if we get there and very aggressively should we approach 2014 Gox ATH.  

The only way $1200 is possible if bitcoin would be on the way to it's death.
Buying in that situation would be a wrong move.

There was a dip about this time last year.




It soon recovered afterwards.

Yes but mil$ question where it will be?

Still not seeing a capitulation candle.

me neither. bch/btc is ready to blow up unless PV has prepared some other surprise...

[somac.]

some of his questions are interesting... (not radix lol)

What's wrong with radix? genuinely interested, as I've heard a little about it before and it sounded somewhat non-scam like.

When I last looked it was a target for botnets and sybil attacks and was claiming turing-completeness which is idiotic (verging on scammery).
Ideologically also for me, all alts are irrelevant, not least because of the Lindy effect and centralisation around a weird bloke from Stoke-on-Trent.

Do you know when it was that you last looked? I might take a look myself to see if those things have changed.

[Last of the V8s]

some of his questions are interesting... (not radix lol)

What's wrong with radix? genuinely interested, as I've heard a little about it before and it sounded somewhat non-scam like.

When I last looked it was a target for botnets and sybil attacks and was claiming turing-completeness which is idiotic (verging on scammery).
Ideologically also for me, all alts are irrelevant, not least because of the Lindy effect and centralisation around a weird bloke from Stoke-on-Trent.

Do you know when it was that you last looked? I might take a look myself to see if those things have changed.

end of 2017. ish

[somac.]

some of his questions are interesting... (not radix lol)

What's wrong with radix? genuinely interested, as I've heard a little about it before and it sounded somewhat non-scam like.

When I last looked it was a target for botnets and sybil attacks and was claiming turing-completeness which is idiotic (verging on scammery).
Ideologically also for me, all alts are irrelevant, not least because of the Lindy effect and centralisation around a weird bloke from Stoke-on-Trent.

Do you know when it was that you last looked? I might take a look myself to see if those things have changed.

end of 2017. ish

Probably not much different then.

[Biodom]

Still not seeing a capitulation candle.

When was the US stock market capitulation candle during the 1929-1932 Depression?
The correct answer is NEVER.
Those who sold at the bottom of Black Tuesday in 1929 actually got a very decent price.