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Question: Among your family and friends, who owns Bitcoin?
Myself only - 31 (32.3%)
Myself and my spouse/partner - 11 (11.5%)
My family - 10 (10.4%)
Close friends - 14 (14.6%)
All of the above - 30 (31.3%)
Total Voters: 96

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25285778 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. (157 posts by 13 users deleted.)
HairyMaclairy
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March 12, 2018, 05:52:30 AM

Anyone trading on robinhood? How is that working for you? Is it really zero trading fees? I can buy 1 btc at 9500 and sell at 9501 and gain 1 dollar?

I guarantee they will screw you on the spread.
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HairyMaclairy
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March 12, 2018, 05:53:26 AM

the BTC ballcap.
One day you and I are going to have to have a really candid talk about the implications of people coming aboard and getting rekt. I'm not proud of everything we've accomplished here.

This is true.  No easy answers here. 
Last of the V8s
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March 12, 2018, 09:03:17 AM
Last edit: March 12, 2018, 09:13:22 AM by Last of the V8s
Merited by marcus_of_augustus (5), cAPSLOCK (1), yefi (1)

Don't feel too guilty. Our rektonings will come.

http://trilema.com/2018/the-republic-without-mp/
BTCMILLIONAIRE
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March 12, 2018, 09:06:59 AM

I feel like I'm stuck here until I get 9 more merits.

Only 8 more now for you.
Thanksssss

I blinked and you are up to 103 merits. Congratulations, in a few hours the forum engine should upgrade you to full member.
Woops. Looks like I was late to the party. Guess it'll go towards Senior Member then instead. Either way, best wishes Tera, hope you'll get well.
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March 12, 2018, 09:25:27 AM

https://youtu.be/5qtcDrv_xDs
@CollinCrypto 49 minutes ago

#Bitcoin, #blockchain, and ICOs on Last Week Tonight. Very broad but entertaining. #Craefulgang $crypto
bitserve
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March 12, 2018, 09:31:15 AM

Wow... 420BTC buy wall on stamp
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March 12, 2018, 09:32:05 AM

Wow... 420BTC buy wall on stamp
This too shall pass.
edit r.i.p.
bitserve
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March 12, 2018, 09:41:08 AM

Someone was in a hurry to buy BTC as soon as his monday morning $4 million deposit was credited on stamp?

Awesome. One day I would love to do just that... wake up and buy $4 million of something just before breakfast.
JayJuanGee
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How much alt coin diversification is needed? 0%?


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March 12, 2018, 09:42:30 AM

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.

@birr... The first part of your discussion of dollar cost averaging lends some insight to the practice because you are indicating that there is something wrong with employing an opposite strategy... however, then your suggestion largely devolves into a kind of recommendation of a reverse dollar cost average strategy.

NO matter if you are in a BTC accumulation stage, or a maintenance stage or a liquidation stage, your strategy should be to attempt to sell BTC on the way up and to buy BTC on the way down.  Of course the more you are on one spectrum or another remains a personal choice but it also effects how you may employ the strategy.  So for example, if you are in a BTC accumulation stage you might buy more on dips and perhaps sell less on rises because your goal is accumulation, but that should not cause you to sell on the way down or buy on the way up.

Usually, if some one who is employing a sell on the way up and buy on the way down is panicking because they screwed up and did not sell enough, so the strategy probably would be to attempt to make up for the screw up by selling a decent sized chunk and then returning to the strategy of buying if the price goes down with the proceeds that were generated from the sale.

Continuing to sell on the way down or creating a plan that continues to sell on the way down is not a good strategy nor is it equally good as buying on the way down... and perhaps making and emergency sell because of a screw up and then maybe even going back to HODL, if not feeling comfortable enough to buying on the way down.
fragout
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March 12, 2018, 09:53:17 AM

Someone was in a hurry to buy BTC as soon as his monday morning $4 million deposit was credited on stamp?

Awesome. One day I would love to do just that... wake up and buy $4 million of something just before breakfast.

There is also someone not keen on btc going above $10k. Keeps topping up the wall.
A lot of funny business going on with the price movements over the last few days.

Korea is leading the charge again $10K +
bitserve
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March 12, 2018, 09:55:20 AM

Someone was in a hurry to buy BTC as soon as his monday morning $4 million deposit was credited on stamp?

Awesome. One day I would love to do just that... wake up and buy $4 million of something just before breakfast.

There is also someone not keen on btc going above $10k. Keeps topping up the wall.
A lot of funny business going on with the price movements over the last few days.

Maybe because they know that once BTC breaks again above $10K many shorters will close their position and also liquidations will begin.
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March 12, 2018, 09:57:16 AM
Merited by Micky25 (1)

easy peezy toddler seizy
HairyMaclairy
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March 12, 2018, 10:06:28 AM
Last edit: March 12, 2018, 10:18:49 AM by HairyMaclairy

Don't feel too guilty. Our rektonings will come.

http://trilema.com/2018/the-republic-without-mp/

Hah.  Is the author having a seizure?  I couldn’t get past the second paragraph.  


Was Occupy Wall Street a left wing thing?  The movement wasn’t supported by Libertarians?
TERA2
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March 12, 2018, 10:35:05 AM

As far as I know Occupy was an exercise program for the poor, kind of like Pokemon Go
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March 12, 2018, 10:35:11 AM
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MarketWatch hates bitcoin. Three articles today.

A trusted digital currency is coming, but it’s not bitcoin, says Starbucks’ Howard Schultz - by Victor Rektlaitis
https://www.marketwatch.com/story/a-trusted-digital-currency-is-coming-but-its-not-bitcoin-says-starbucks-howard-schultz-2018-01-29
TL;DR - Bitcoin is no good, you need trusted crypto. Brick and mortar firms (we!) can do that.

Bitcoin rises modestly after recent slump - by Victor Reklaitis
https://www.marketwatch.com/story/bitcoin-rises-modestly-after-recent-slump-2018-03-12
TL;DR - I'm the same guy. China blah blah.

Opinion: Bitcoin investors have reason to worry - by Peter Morici
https://www.marketwatch.com/story/bitcoin-investors-have-reason-to-worry-2018-03-12
TL;DR - Shell wampum blah drugs blah North Korea blah crackdown blah

The last is the worst of the bunch.
HairyMaclairy
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March 12, 2018, 10:35:52 AM

sirazimuth
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March 12, 2018, 10:45:03 AM

...going shooting ...

Give Ted Nugent a buzz. You two would make great buddies...

You should probably leave your safe and cuddly echo chamber from time to time. You realize about 1/3 of all Americans are gun owners, right?

Salty?

Nope. Just pointing out the ridiculous folly of assuming each and every person that might enjoy shooting would share friendship with Ted Nugent.

You my friend are being presumptuous with your warm and cuddly echo chamber nonsense.
Which is more of a ridiculous assumption than my one that infers two folks with like
interests would make great buddies.
And just where did I state each and every person that shoots guns might be into Cat Scratch Fever? (I can make leaps too)
HairyMaclairy
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March 12, 2018, 10:50:53 AM

Cloud mining contracts are a security

https://bitsonline.com/genesis-mining-securities/

Don't feel too guilty. Our rektonings will come.

http://trilema.com/2018/the-republic-without-mp/

Hah.  Is the author having a seizure?  I couldn’t get past the second paragraph.  

Was Occupy Wall Street a left wing thing?  The movement wasn’t supported by Libertarians?

that's exactly the difference isn't it?... the Libtard looters went to "occupy" Wall St. because they wanted a cut of the looting action

... Libertarians created and built crypto to make Wall St. obsolete.

I am pondering why as a frothing snake left wing reactionary I seem to be in the minority here.  Surely my communist brothers hate big banks as much as I do.  So why aren’t they here to sing Solidarity Forever?
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March 12, 2018, 10:55:20 AM

Cloud mining contracts are a security

https://bitsonline.com/genesis-mining-securities/
Well IANAL, but the fact that a contract is a scam doesn't mean it can't be a security. Or does it?
HairyMaclairy
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March 12, 2018, 10:57:52 AM

Cloud mining contracts are a security

https://bitsonline.com/genesis-mining-securities/
Well IANAL, but the fact that a contract is a scam doesn't mean it can't be a security. Or does it?

Care to expand?  I have no interest in cloud mining contracts so haven’t followed this one. 
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