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

[Globb0]

Me too, and as the alt in question is priced in BTC, I have got double rises when it goes up and BTC does too. Prob to about 10x of the original BTC amount. That wouldn't have happened parked in BTC.

[xhomerx10]

Set a goal in life, figure out how much money you need to do it, and stick to the plan.

When bitcoin breaks 10k again I'm moving to Thailand to become a full-time monger.

In 1971, Zappa characterized the Trend Monger?  Search for The Adventures of Gregory Peccary on your own time.

 It feels odd to be talking to myself but to be honest I never liked Frank Zappa's form of "entertainment" which makes it really odd for me to be telling myself to search him out at all let alone for the meaning of a word.

[El duderino_]

I cash out at least 50% every rally which ensures both that I am able to enjoy life and that I have something to show if/when bitcoin finally crashes for good. It makes me much more confident about hodling the remaining portion.

how do you figure out when to cash out your 50%, exactly?  or how much to HODL in preparation for any rally?

For example, it seems that you had removed yourself from bitcoin during the crash from $1100 to $200, and you were reluctant to get back in.  Also, you were talking bear talk all the way up in this past price run, all the way up past $1,, you were talking bear talk, and then further you became even more bearish above $8k, so perhaps you did not have any bitcoins remaining that you could cash out, even above $1k or even above $7k...

Are you sharing a formula that others could actually use, or are you just making up some random non-specific and bearsicle practice that attempts to get HODLers to sell more?  

I had actually theorized that I would sell up to 50% of my HODLings at one time or another when the price was going up, especially if I were to sense that BTC prices were reaching a blow-off top.... however, I am glad that I did not follow such a practice, and really, I remain unclear about when to determine a blow off top, and in that regard, selling less than 20% of my stash incrementally on the way up has given me a whole hell of a lot of fiat to play with, so I cannot imagine selling more, or figuring out what else to invest in (besides bitcoin), if I were to invest.

My General strategy.

1) I try to keep my bitcoin and crypto to no more than 20-25% of my net worth.
Some may think this is low, others too high. This what I am comfortable with. This includes realestate etc.
2) With price appreciation in the crypto portfolio , I generally recycle out profits to three areas, stocks, Gold, and US dollars ( short term).
A) Stocks I use for income and capital appreciation.
B) Gold for long term stable holdings ( relatively speaking)
C) US dollars for buying more Bitcoin or to withstand bear markets.
3) Generally I am recycling some alt coin profits into BTC and Gold right now.
4) I got involved in Bitcoin in 2013 and have maintained my position. ( total number of coins ) While harvesting profits and recycling them into other assets.

Goals:
1) I want to maintain my total number of BTC
2) Recycle out some profits from trades for other assets or increased life style.

I am definitely not as big a holder in BTC as some of you, but is has been a great ride so far.

You can't get rich like that. You need to pour everything you got into bitcoin and hold for a 10x return and then go get a lambo.

That's how it works. If you go with this way, Diversification and shit, like me used to do, you'll stay poor forever.

Maybe.... I am pretty happy though. I still have all my BTC. 10x is a small gain in this arena.

i think seriously .... but its just with what youre comfortable i know few friends that are 5to10% in crypto
but i think one of my better friends thats in BTC very early .... is maybe 10% in all the rest and 90% in crypto
depends a lot of what you think the outcome , the believe in the tech and all is for yourself and what youre stumage can take if it goes wrong.... for me i just have a business besides crypto and a bit off fiat on the side what i think nessesarly ..... i don't know how my % of crypto and others just stand but i am fine with people going ALL IN and they that taken it a little easyer

[Elwar]

I try to not invest in anything that requires government intervention. This includes stocks, real estate, anything bank related...

well, actually it only leaves crypto.

I would love to own real estate but I have to trust that the government that sanctions such property will not need to extract value from that property when their bills start to add up. Same with anything of value that the government could possibly manipulate. That's why I pulled out everything from my Roth IRA. The idea being that I can invest now and the government won't take taxes on it when I retire...ya, I'll believe that one when the US federal government is $21 trillion in debt.

[erre]

I'm involved till 2013, still I'm not rich 
This is what happens when you have too rigid money management, I invested very little money but I'm afraid even now, because I fear to lose my small profit.
Shit, I'll never be rich I suppose... but I hope I'll also never starve to death. What a coward I am

[El duderino_]

I'm involved till 2013, still I'm not rich 
This is what happens when you have too rigid money management, I invested very little money but I'm afraid even now, because I fear to lose my small profit.
Shit, I'll never be rich I suppose... but I hope I'll also never starve to death. What a coward I am

i indeed must say these are NO words for a legendary poster 
BUT again everybody needs to see to there own wallets ....

[BitcoinNewsMagazine]

Tera what would you use as an indicator to renter the market?  Or do you stay cashed out and rely on trading the remainder?

If I was to re-enter, I would re-enter when I see the train is clearly leaving the station (I dont need to pick the very bottom). In 2013 I reentered at $140 after the Silk Road bounce. In 2016 I didnt reenter because I had spent all the money I had cashed out in 2014 already. 0 Will I reenter anything I cashed out now? I'm not sure. Im already pretty satisfied with what I've left in already. I no longer need to be all in, plus there will probably be trades to make.

Altcoin trading and wierd miraculous 2 hour blocks of daytrading has saved my ass and kept me in the game all this time. I'm not sure how well my strategies will work for a conservative btc/usd investor without an x factor. But occasionally taking some money off the table is always a good idea.

Bitcoin failed to break through the daily 200 MA on April 23 and April 24. TA says we are in a bear market right now as daily 50 MA is below the 200 MA. We might stay in the $6500 - $9500 range for months. Your best re-entry indicator is most likely the Golden Cross when 50 MA crosses 200 MA on the daily chart on volume. If price does not get back above $10000 within a few months I expect a year long bear market. Sorry about that.

[kurious]

Me too, and as the alt in question is priced in BTC, I have got double rises when it goes up and BTC does too. Prob to about 10x of the original BTC amount. That wouldn't have happened parked in BTC.

Yes, that double bubble effect...   I know what you mean.   To see BTC rising and a good coin rising against BTC too?  Bliss!

I am not sure there are many investments as good as crypto in a lifetime.   Those who bought in, believed in and hodled something this ostensibly risky and 'out there' probably deserve their rewards.  The pain of 2014 / 15 was a tough ride.   2017 was a decent recompense, not an unjustified bit of luck.

[erre]

I'm involved till 2013, still I'm not rich 
This is what happens when you have too rigid money management, I invested very little money but I'm afraid even now, because I fear to lose my small profit.
Shit, I'll never be rich I suppose... but I hope I'll also never starve to death. What a coward I am

i indeed must say these are NO words for a legendary poster 
BUT again everybody needs to see to there own wallets ....

Hey, I'm still hodling hard!
But when I invested I went with a sum "I can afford to lose", now I have the same mentality and I feel overinvested, the only difference is that I can afford to lose my current stash, simply because they are "free money" that i didn't had before, but it would still hurt badly.
Being conservative in an hi-risk investments is not such a bad thing imho, but it would be impossible to become rich if you can't tolerate having more money in crypto than elsewhere... this is an hard game

[Kylapoiss]

I'm involved till 2013, still I'm not rich 
This is what happens when you have too rigid money management, I invested very little money but I'm afraid even now, because I fear to lose my small profit.
Shit, I'll never be rich I suppose... but I hope I'll also never starve to death. What a coward I am

Well you don't actually have to be rich, just having enough for a shelter, transportation, clothes and food is ok. Ofcourse I wouldn't try to buy them from walmart or places like that one doesn't have to be rich to have a life of good quality.

I went allin in 2013, then had to sell all my stash because of reasons late 2015, re-entered last year in November with a massive loss ofcourse comparing to the selling price. I would take that fear of yours against my hectic money management, seems to be more stable.

Hopefully I'm having more luck this time.

[Paashaas]

Bitcoin.com lawsuit reached 1000 participants, that within 1 week 

Scamming scumbag Roger Ver made a lot of victims.

“Like many others i lost money due to confusing Bitcoin Cash with the real Bitcoin … £14,500 to be exact. I’m not sure if your group will be successful but hopefully you’ll let me stick around to at least see Mr Ver given a bloody nose…”

Lawsuit details revealed soon.

http://bitcoincomlawsuit.info/

[STT]

I try to not invest in anything that requires government intervention. This includes stocks, real estate, anything bank related...

well, actually it only leaves crypto.

I would love to own real estate but I have to trust that the government that sanctions such property will not need to extract value from that property when their bills start to add up. Same with anything of value that the government could possibly manipulate. That's why I pulled out everything from my Roth IRA. The idea being that I can invest now and the government won't take taxes on it when I retire...ya, I'll believe that one when the US federal government is $21 trillion in debt.

You could invest in all those things if you counter balance it a bit with a gold holding.   Also avoid leverage is usually best as thats how banks often profit the most, from the people in the most difficult situations.
In 2008 one of the largest banks who received a bailout setup a special division to hunt down business that was relying on them, foreclose and seize the assets for a quick turnover.  They needed the cash quick to appear solvent and taking it from those who cant argue because they took a loan is the easiest way.   Bank overdraft almost always contains the warning we can withdraw and demand repayment immediately and quite a few businesses use those I think.

Otherwise I dont think they can remove your property rights so easily.  You are part of a larger group there.   The guy who called the MBS melt down now owns some bank stocks apparently M.Burry

Price has a stair case higher, looks quite steady progress overall.  9600 area would be over 61% recovery of the double peak decline for this year

[Harlot]

Good thing to see that Bitcoin is bouncing after touching the small up trend channel, and right now it is getting bullish at its get for a long time as it also has voided a head and shoulder formation by breaking the right shoulder. Confirming this small up trend is the way BTC bounce above over 9,100$ which is really big. What I am seeing is Bitcoin's biggest hurdle is going back above 9,500$ after that happens we might see Bitcoin go above 10,000$. Mid term target is about 10,600$ - 10,800$ which is achievable within a weeks or so.

[El duderino_]

I'm involved till 2013, still I'm not rich 
This is what happens when you have too rigid money management, I invested very little money but I'm afraid even now, because I fear to lose my small profit.
Shit, I'll never be rich I suppose... but I hope I'll also never starve to death. What a coward I am

i indeed must say these are NO words for a legendary poster 
BUT again everybody needs to see to there own wallets ....

Hey, I'm still hodling hard!
But when I invested I went with a sum "I can afford to lose", now I have the same mentality and I feel overinvested, the only difference is that I can afford to lose my current stash, simply because they are "free money" that i didn't had before, but it would still hurt badly.
Being conservative in an hi-risk investments is not such a bad thing imho, but it would be impossible to become rich if you can't tolerate having more money in crypto than elsewhere... this is an hard game

yes this feeling i know very well the early investment has been growing very hard and yes to lose this would be a very hard punch square in my face as well , i think for many its the same struggle especially for the hardcore hodlers ,the ones that really sitting on the same stack over the last X-years and not selling and only buying dips 

[Sitarow]

Bitcoin.com lawsuit reached 1000 participants, that within 1 week 

Scamming scumbag Roger Ver made a lot of victims.

“Like many others i lost money due to confusing Bitcoin Cash with the real Bitcoin … £14,500 to be exact. I’m not sure if your group will be successful but hopefully you’ll let me stick around to at least see Mr Ver given a bloody nose…”

Lawsuit details revealed soon.

http://bitcoincomlawsuit.info/

Could the missus of bitcoin.com and claim to be the "official" btc be considered misrepresentation and a form of bait and switch? How are they going to present this case?

[bitcoinPsycho]

Tera what would you use as an indicator to renter the market?  Or do you stay cashed out and rely on trading the remainder?

If I was to re-enter, I would re-enter when I see the train is clearly leaving the station (I dont need to pick the very bottom). In 2013 I reentered at $140 after the Silk Road bounce. In 2016 I didnt reenter because I had spent all the money I had cashed out in 2014 already. 0 Will I reenter anything I cashed out now? I'm not sure. Im already pretty satisfied with what I've left in already. I no longer need to be all in, plus there will probably be trades to make.

Altcoin trading and wierd miraculous 2 hour blocks of daytrading has saved my ass and kept me in the game all this time. I'm not sure how well my strategies will work for a conservative btc/usd investor without an x factor. But occasionally taking some money off the table is always a good idea.

Bitcoin failed to break through the daily 200 MA on April 23 and April 24. TA says we are in a bear market right now as daily 50 MA is below the 200 MA. We might stay in the $6500 - $9500 range for months. Your best re-entry indicator is most likely the Golden Cross when 50 MA crosses 200 MA on the daily chart on volume. If price does not get back above $10000 within a few months I expect a year long bear market. Sorry about that.

dont be sorry because your wrong
all my charts say 10000 just around the corner  

[vroom]

<style>
 body {
   background: yellow;
 }
 erc20 {
   display: inline-block;
   font-size: 30px;
   background: brown;
   color: black;
   border-radius: 15px;
 }
</style>

thanks for the css part

[Karartma1]

Too calm down here, shall we expect some storm soon?
Talking about exposure I'm personally heavily invested in BTC (but paid very little from my pockets to be in such a position, mostly mining from the past). I do not wish to diversify much: this is a one timer. I will never have another opportunity like this one

[explorer]

Tera what would you use as an indicator to renter the market?  Or do you stay cashed out and rely on trading the remainder?

If I was to re-enter, I would re-enter when I see the train is clearly leaving the station (I dont need to pick the very bottom). In 2013 I reentered at $140 after the Silk Road bounce. In 2016 I didnt reenter because I had spent all the money I had cashed out in 2014 already. 0 Will I reenter anything I cashed out now? I'm not sure. Im already pretty satisfied with what I've left in already. I no longer need to be all in, plus there will probably be trades to make.

Altcoin trading and wierd miraculous 2 hour blocks of daytrading has saved my ass and kept me in the game all this time. I'm not sure how well my strategies will work for a conservative btc/usd investor without an x factor. But occasionally taking some money off the table is always a good idea.

Bitcoin failed to break through the daily 200 MA on April 23 and April 24. TA says we are in a bear market right now as daily 50 MA is below the 200 MA. We might stay in the $6500 - $9500 range for months. Your best re-entry indicator is most likely the Golden Cross when 50 MA crosses 200 MA on the daily chart on volume. If price does not get back above $10000 within a few months I expect a year long bear market. Sorry about that.

dont be sorry because your wrong
all my charts say 10000 just around the corner  

All   of your charts?

Well then.  Hang on.

[bitcoinPsycho]

Tera what would you use as an indicator to renter the market?  Or do you stay cashed out and rely on trading the remainder?

If I was to re-enter, I would re-enter when I see the train is clearly leaving the station (I dont need to pick the very bottom). In 2013 I reentered at $140 after the Silk Road bounce. In 2016 I didnt reenter because I had spent all the money I had cashed out in 2014 already. 0 Will I reenter anything I cashed out now? I'm not sure. Im already pretty satisfied with what I've left in already. I no longer need to be all in, plus there will probably be trades to make.

Altcoin trading and wierd miraculous 2 hour blocks of daytrading has saved my ass and kept me in the game all this time. I'm not sure how well my strategies will work for a conservative btc/usd investor without an x factor. But occasionally taking some money off the table is always a good idea.

Bitcoin failed to break through the daily 200 MA on April 23 and April 24. TA says we are in a bear market right now as daily 50 MA is below the 200 MA. We might stay in the $6500 - $9500 range for months. Your best re-entry indicator is most likely the Golden Cross when 50 MA crosses 200 MA on the daily chart on volume. If price does not get back above $10000 within a few months I expect a year long bear market. Sorry about that.

dont be sorry because your wrong
all my charts say 10000 just around the corner  

All   of your charts?

Well then.  Hang on.

lol . the positivity chart/optimism chart and finally the best most accurate the INEVITABILITY chart. Happy hoarding