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

[junckmonkey]

Small pump hell yeah!

woooh, going for it, wish me luck!!!

Why wish you luck?  Has this become a gambling thread, now?

You come off as an attention seeking troll that is preparing to come back to the thread and to whine about all the money you supposedly lost from having had entered a leverage long and mortgaging your house based on your emotions.  

JJG, I like your investing approach.   Been reading your words now for awhile, much love.  I just feel I have a beet of a neeche to geet in.

Win me over with flattery... ..

I am so embarrassing...

http://images.girlslife.com/posts/021/21625/breasts-521.jpg

hahahhahaha



There is nothing wrong with taking a bit of a heavier "in" position based on feelings about the direction of BTC price... So, for example, sometimes you can overbuy BTC for a little while if the price is going down with plans to even out your risk (by selling) when the price goes back up.  That kind of overbuying bet can be made in a reasonable way.

The same is true for when BTC price are going up.  You can sell a bit more than you would otherwise sell, out of anticipation that the BTC price is going to reverse at some soon point.

No matter which direction you are playing the price, I would suggest to NOT go 100% with your overbetting, just in case you are wrong about the impending reversal.

In essence, I am not going to quibble with you or your strategy if you are engaging in a form of front loading and anticipating the price direction, but if you hoping for luck with a kind of gambling, those kinds of tactics are more difficult to manage and takes a while to build skills to bet based on reason and logic rather than pure faith (or luck as you mentioned).

JJG, kind of curious, what kind of car do you drives?

Your question does not seem to be very relevant to any particular recent topic involving me in this thread.  

I suppose you want to know whether I enjoy life, or whether I have an ability to live well or whether I actually have any luxuries in my life or something like that?    

I think that many times, I have mentioned that I was fairly well off, already, before getting into bitcoin...  At least, I hav investments besides bitcoin, and I think about my investment into bitcoin as side money rather than money that I already have for regular living.

Anyhow, several times, I have mentioned that one of my early motivating reasons for getting into bitcoin was to attempt to increase the portability of my value, and I continue to have that goal.  

I have also disclosed that I have ownership in a business that has been tying me down geographically (making me less portable) that I am likely going to be liquidating several aspects of my business this calendar year, even though I will likely continue to have some lingering obligations associated with my business after this calendar year.  

So, since I have been somewhat more tied down, geographically, than I prefer, I have maintained a decently nice car that has lots of bells and whistles and I bought my car by choice a few years back (before getting into bitcoin...)...  I have not bought any new car(s) recently, and I don't find any compelling need or desire to buy any other car(s) because my goal is not to tie myself down more, but rather to free myself, somewhat in the coming years.  Cars and other material items can tie peeps down, and perhaps one of the disadvantages to PMs (besides the fact that they are likely not going to perform as well as bitcoin in the coming years - sorry about that PM bugs - pun intended).  

Are you also wondering what kind of car I could afford to drive?  As compared with whiny Blawb?  Seems a bit of a childish approach to figuring someone out by what possessions they have or aspire to have - although through the years, the wall observer thread has had several peeps posting in this thread who seem to want to attempt to highlight some aspects of their lifestyle by describing some of their stuffs... , which is not necessarily a bad thing, if some peeps want to show those kinds of material possession details.  

Sometimes, the material possession details rise to the level of cashing out part of their bitcoin to show the  poster as a bitcoin bear or as a person who values short-term fiat representations rather than recognizing bitcoin's investment potential.   On the other hand, in bitcoin, if you play your cards well, you can cash out bitcoins, and lock in profits and still maintain a decent BTC stash, which also happens with folks who attempt to approach their BTC investment with longer term foresight.

i don't at all doubt that you are well off.  You have been posting in this thread for some time now.  I am happy to hear that you are satisfied with the car you have chosen to carry you through this life.  I am looking for advices of the kinds of car that the bitcoin folks recommend (aside from the cliche laMBo!). currently drizing a handa CR-V.  Your thoughts appreciated!

[1713992783]

1713992783

[1713992783]

1713992783

[Last of the V8s]

I bet Coinbase insiders sold btc on May 6th to buy up their latest shitcoin (ETC)

[junckmonkey]

https://coinpick.today/42-billion-lost-in-an-hour-panic-selling-and-market-manipulation-are-the-primary-reasons-of-bitcoin-slump/

The Bitcoin price crash was caused by market manipulation and panic selling, rather than the Coinrail hack that mainstream media attributed it to.

The price of Bitcoin and other cryptocurrencies have dropped over the past few hours, with Bitcoin now trading above the $6,700 mark. This means that Bitcoin has plunged down by 11% over the past 24 hours. This sudden market crash has got the whole cryptocurrency market talking and the mainstream media and other cryptocurrency news sites are attributing this crash to the Coinrail hack that occurred yesterday.

However, some market experts and traders have claimed that the hack of a minor cryptocurrency exchange isn’t the reason why the market is down, rather the main catalysts are market manipulation and panic selling by most traders.

Bob, you're preaching to the choir, it is obviously the composite operator at work here, ask me how I know.

[JayJuanGee]

[edited out]

i don't at all doubt that you are well off.  You have been posting in this thread for some time now.  I am happy to hear that you are satisfied with the car you have chosen to carry you through this life.  I am looking for advices of the kinds of car that the bitcoin folks recommend (aside from the cliche laMBo!). currently drizing a handa CR-V.  Your thoughts appreciated!

I have my doubts about whether you are serious.  Here, we are talking about bitcoin, and frequently talking about cars or other material possessions is either tangential or weakly related to some bitcoin related point. 

In regards to cars, I have frequently been of the philosophy that they are a practical piece of depreciating property - and in my first years of building my investments, I tended to bargain shop for cars because I was still establishing my investments. 

Perhaps bitcoin has changed the game, to some extent, because bitcoin is a kind of investment that is much more flexible for entrance of dumb money, which I would have considered myself when I just left high school and for many years thereafter, as I was establishing my various investments.  So, in some sense, bitcoin is very powerful for a young person who may be strategic about how s/he decides to invest and strategize into it.

A car remains a reflection of your overall lifestyle and needs, and surely would not need to be permanent statement, unless your style is to buy a car and drive it for 30 years.  Some folks buy random cars, and they understand the temporary nature of their car(s).

Some cars hold their value better than others and some cars are more luxurious than others, and some have more bells and whistles than others. 

Seems to me that there is a delayed gratification concept that many people who are building their wealth should attempt to consider, so in that regard, a practical car can serve very well until other financial foundations are in place.

Also, if you invest well into bitcoin, and you have storage space, then you could have several kinds of cars to suite your various needs.  I have had periods in my life where I have owned several modes of transportation at the same time, but interests and lifestyle change, and sometimes it might not be practical to maintain more than one mode of transportation, and even in some cities, having a car might not be practical (but a nice bicycle or motorcycle might be more practical for that location).

[junckmonkey]

[edited out]

i don't at all doubt that you are well off.  You have been posting in this thread for some time now.  I am happy to hear that you are satisfied with the car you have chosen to carry you through this life.  I am looking for advices of the kinds of car that the bitcoin folks recommend (aside from the cliche laMBo!). currently drizing a handa CR-V.  Your thoughts appreciated!

I have my doubts about whether you are serious.  Here, we are talking about bitcoin, and frequently talking about cars or other material possessions is either tangential or weakly related to some bitcoin related point. 

In regards to cars, I have frequently been of the philosophy that they are a practical piece of depreciating property - and in my first years of building my investments, I tended to bargain shop for cars because I was still establishing my investments. 

Perhaps bitcoin has changed the game, to some extent, because bitcoin is a kind of investment that is much more flexible for entrance of dumb money, which I would have considered myself when I just left high school and for many years thereafter, as I was establishing my various investments.  So, in some sense, bitcoin is very powerful for a young person who may be strategic about how s/he decides to invest and strategize into it.

A car remains a reflection of your overall lifestyle and needs, and surely would not need to be permanent statement, unless your style is to buy a car and drive it for 30 years.  Some folks buy random cars, and they understand the temporary nature of their car(s).

Some cars hold their value better than others and some cars are more luxurious than others, and some have more bells and whistles than others. 

Seems to me that there is a delayed gratification concept that many people who are building their wealth should attempt to consider, so in that regard, a practical car can serve very well until other financial foundations are in place.

Also, if you invest well into bitcoin, and you have storage space, then you could have several kinds of cars to suite your various needs.  I have had periods in my life where I have owned several modes of transportation at the same time, but interests and lifestyle change, and sometimes it might not be practical to maintain more than one mode of transportation, and even in some cities, having a car might not be practical (but a nice bicycle or motorcycle might be more practical for that location).

)
Thank you JJG for your thougthul response.  I agree completely, depreciating (who makes that decision BTW???). I would like to invite you and your signifcant(s) to my compound in AL (I already invited my ma) for a 2018 year-end BTC celebration.  Please let me know if you are available, PM for details. Most sincerely, junckmoneky.

[JayJuanGee]

[  edited out  ]

I agree completely, depreciating (who makes that decision BTW???).

Kelly Blue book used to be a good place to attempt to determine car values, and the ones that depreciate more or less.

If you are attempting to be conservative about your car investment (such as getting the most bang for your buck) then you might look at depreciation, and of course whether the car is going to be expensive to maintain.  Certainly a lambo would be expensive to maintain, but folks who are buying lambos might well be buying their lambo for some other reason(s) rather than concerns about it holding value.  Of course, if you are thinking that you might die soon, then you are not going to give much weight to the depreciating aspect of a car, and you might consider just the experience of it.. such as a lambo...

For example, previously in this thread, I had made some comment that a young person should have a couple million in semi-liquid assets if planning to buy a lambo .. but that is just me, considering that if BTC prices go up and down, and you have 200 or more bitcoins, then you might be o.k. to buy a lambo (but I still think that would be a bit tight, at these BTC prices), but if you have only 100 bitcoins, then you might want to wait... don't want to blow nearly your whole wadd on one asset (toy)

I would like to invite you and your signifcant(s) to my compound in AL (I already invited my ma) for a 2018 year-end BTC celebration.  Please let me know if you are available, PM for details.

Even though I am not going to consider meeting for new years, what is a "compound in AL?"  Seems a bit strange to invite me.  May as well invite the whole WO thread?   Offer drinks too.. oh wait, someone else did that.... and did not work out too well for us, WO participant peeps.   

[nanobtc]

I would like to ask my posting friend nanobtc for advice.  TYIA  *(TankUinAdvance)((((!!!!!!

I have no good advice, that hasn't been said.

Feed a cold, starve a fever (or is it the other way around?)
No gentleman is ever rude by mistake.
Beware of all enterprises requiring new clothes.
All advice is useless.
Never argue with a stupid person, they’ll drag you down to their level and beat you with experience.

[Anon136]

Is troll face pattern bullish or bearish? Sorry I know this is chart pattern analysis 101 but please bear with me.

[junckmonkey]

I'm disheartened to hear you won't be able to celebrate new years with us JJG. Regardless; thank you for considering this once in a lifetime opportunity!    Sincerely, junckmonkey.

[junckmonkey]

http://i67.tinypic.com/dfkkcw.jpg

https://www.getdigital.eu/web/getdigital/gfx/products/__generated__resized/380x380/Aufkleber_Trollface.jpg

Is troll face pattern bullish or bearish? Sorry I know this is chart pattern analysis 101 but please bear with me.

BULLISH!

[Toxic2040]

1h


4h


D

Shake and bake coming methinks..  Lot of shorts building up on 'fenix fyi.. 

#stronghands

[infofront]

[d_eddie]

I had smelled a harder than usual weekend after looking at the opening the previous Monday. The new week isn't all roses, either. It could have started off much worse, sure. Be as it may, I'm afraid we aren't done yet.

[Paashaas]

I'm thinking to cancel my fiat retirement savings plan and switching to Bitcoin.

Fiat savings is kinda pathetic, i'm gonna call my agent today to bring him some bad news 

[Anon136]

I'm thinking to cancel my fiat retirement savings plan and switching to Bitcoin.

Fiat savings is kinda pathetic, i'm gonna call my agent today to bring him some bad news  

Make sure you have some phiz if you aren't going to keep anything in fiat. Not just for the obvious reasons, but also so that you can keep a cool head during the ups and downs in bitcoin.

[infofront]

I think the pain is just beginning.

[Rosewater Foundation]

I think the pain is just beginning.

Theymos says 3 grand. I'm betting on 3 grand. Sad but true.

[windjc]

I think the pain is just beginning.

Theymos says 3 grand. I'm betting on 3 grand. Sad but true.

Thermos doesn’t exactly have a strong track record of market calls.

Everyone is saying $3000. $3000 is the new $99. 

It could go to $3000. But this rise was in slow motion and a full on bear market would be too. Expect 3-4 years if we are going to $3000.

[jojo69]

three thousand dollars

wow

that's like over 2 ounces of gold...crazy

[Rosewater Foundation]

I think the pain is just beginning.

Theymos says 3 grand. I'm betting on 3 grand. Sad but true.

Thermos doesn’t exactly have a strong track record of market calls.

Everyone is saying $3000. $3000 is the new $99. 

It could go to $3000. But this rise was in slow motion and a full on bear market would be too. Expect 3-4 years if we are going to $3000.

I don't expect it to happen overnight..