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

[mindrust]

Are you saying that in 2013, 2014, 2015 and much of 2016, you were not stacking bitcoin?  Even if you had stacked a small amount of perhaps $100 per month ($25-ish per week), you could have stacked a decently sized BTC holdings by the end of 2016, no?

I had 2-3 coins in 2013. (or 2014, I know I had them before the crash) I managed to cash out just from the top price $1000. I bought myself an ipad and a nice vacation. Then I told myself how clever I was for dumping that shit at the top. LoL suckers right?

Now I am buying back those coins from $6k+, I even bought some at $15k few months ago. That's how I sold low and bought *high.

*only for now. This time I know what's going on.
** I also didn't dump shit at $20k, only buying more.

O.k., so pretty much you are saying that you made some profits in 2013/2014, when you sold because you were able to buy those nice things with the profits.  However, perhaps 1) you ended up spending both principle and profits on your nice things, 2) you did not recognize the investment value of bitcoin until much later, so you did not buy many bitcoins between 2014 and 2015, 3) you said that you bought some bitcoin in late 2016, but that was not enough (or was not very many bitcoins), 4) you seemed to recognize the value of bitcoin late - in 2017 and perhaps even in late 2017.  

These are really tough circumstances, and still I gather that it is very unlikely that you really did learn your lesson and really do recognize the value of bitcoin. Hopefully, you can just engage in a kind reasoned approach, and just buy back with reasonable amounts of ongoing dollar cost averaging rather than attempting to bet on either the direction of the market or engage in a kind of gambling.

It seems that even if you have screwed some things up in your recent bitcoin perspective history, I think that if you continue to dollar cost average into bitcoin and attempt to learn from your mistakes and attempt to employ incrementalism strategies, you could be doing very well, financially, in 5-10 years.  Personally, I don't think that you should attempt to rush the matter, because you will have a greater likelihood to take rash actions, like you already have done in the past.  Anyhow, hopefully, it all works out and you can attempt to play the long game, and please keep in mind that sometimes I may seem to be harsh on people or lecture people for gambling too much, but it is mostly because I don't think that gambling is a very good way to approach the matter, and if you do not rush the situation, there are still decent chances that you can build up your BTC portfolio and  things are going to work out for you.  If you end up gambling and playing around too much with alts and things like that then the odds of your personally profiting are not likely to be as good.

The difference between late 2016-late 2017 and early 2018 is that I used to dollar cost averaging with my %5-10 income, now I am dollar cost averaging with its %80-90.

Turkish Lira already became worthless against the USD anyway, since it is about to become the next Bolivar, I almost have nothing to lose at this point so I am going all in with btc. I am still afraid to move my FIAT (USD) stash into btc which I gathered in years. I'll be buying btc only with the new money and wait for a 2015 like opportunity. If that opportunity never comes back, then I'll be Dollar Costing my income with btc.

My altcoin exposure is around %3. I am not much into alts.

[JayJuanGee]

Are you saying that in 2013, 2014, 2015 and much of 2016, you were not stacking bitcoin?  Even if you had stacked a small amount of perhaps $100 per month ($25-ish per week), you could have stacked a decently sized BTC holdings by the end of 2016, no?

I had 2-3 coins in 2013. (or 2014, I know I had them before the crash) I managed to cash out just from the top price $1000. I bought myself an ipad and a nice vacation. Then I told myself how clever I was for dumping that shit at the top. LoL suckers right?

Now I am buying back those coins from $6k+, I even bought some at $15k few months ago. That's how I sold low and bought *high.

*only for now. This time I know what's going on.
** I also didn't dump shit at $20k, only buying more.

O.k., so pretty much you are saying that you made some profits in 2013/2014, when you sold because you were able to buy those nice things with the profits.  However, perhaps 1) you ended up spending both principle and profits on your nice things, 2) you did not recognize the investment value of bitcoin until much later, so you did not buy many bitcoins between 2014 and 2015, 3) you said that you bought some bitcoin in late 2016, but that was not enough (or was not very many bitcoins), 4) you seemed to recognize the value of bitcoin late - in 2017 and perhaps even in late 2017.  

These are really tough circumstances, and still I gather that it is very unlikely that you really did learn your lesson and really do recognize the value of bitcoin. Hopefully, you can just engage in a kind reasoned approach, and just buy back with reasonable amounts of ongoing dollar cost averaging rather than attempting to bet on either the direction of the market or engage in a kind of gambling.

It seems that even if you have screwed some things up in your recent bitcoin perspective history, I think that if you continue to dollar cost average into bitcoin and attempt to learn from your mistakes and attempt to employ incrementalism strategies, you could be doing very well, financially, in 5-10 years.  Personally, I don't think that you should attempt to rush the matter, because you will have a greater likelihood to take rash actions, like you already have done in the past.  Anyhow, hopefully, it all works out and you can attempt to play the long game, and please keep in mind that sometimes I may seem to be harsh on people or lecture people for gambling too much, but it is mostly because I don't think that gambling is a very good way to approach the matter, and if you do not rush the situation, there are still decent chances that you can build up your BTC portfolio and  things are going to work out for you.  If you end up gambling and playing around too much with alts and things like that then the odds of your personally profiting are not likely to be as good.

The difference between late 2016-late 2017 and early 2018 is that I used to dollar cost averaging with my %5-10 income, now I am dollar cost averaging with its %80-90.

Well, ultimately, you are going to do what you are going to do, and even though your amounts seem a bit high to me, there may be some reasonable basis for the amounts that you have chosen to invest in bitcoin if your underlying fiat is not holding value.

It is considered that the dollar loses between 1% to 3% per year due to inflation of goods to buy and various depreciation mechanisms including the printing of money that depreciates the value of the dollars that you hold, yet it is still good to hold a certain amount of dollars to off-set a volatile risky investment, such as bitcoin.

Another concept that I like to keep in mind is having enough of a cash reserve in order that you do not have to dip into your bitcoin investment that a time that is not of your choosing... so what I do is project my cashflow ahead for up to 18 months.  The amount of time that I project ahead is going to vary based on various business activities of mine, including if I have debt money that I am floatin and considering the payments, too.

If you have a steady source of income (cash flow) then you can be kind of lucky to be able to project your cashflow, but if you have a business, then there may be a certain necessity to underestimate your cashflow, which will better prepare you for emergencies, and increase the chances that your cashflow is going to outperform expectations (and a decent portion of the "outperformance" can be used to invest in something like bitcoin).

Turkish Lira already became worthless against the USD anyway, since it is about to become the next Bolivar, I almost have nothing to lose at this point so I am going all in with btc. I am still afraid to move my FIAT (USD) stash into btc which I gathered in years. I'll be buying btc only with the new money and wait for a 2015 like opportunity. If that opportunity never comes back, then I'll be Dollar Costing my income with btc anyway.

My altcoin exposure is around %3. I am not much into alts.

My alt coin exposure is less than 2% of my total crypto investment, so we are in the same boat (similar mindset) there.

[BitExalt]

I' m Drunk and high....


BUY BUY BUY   

[Totscha]

I' m Drunk and high....


BUY BUY BUY   

Volume not impressive...

Buy MOAR! 

[mymenace]

waiting for

[Last of the V8s]

[Makkara]

[Harlot]

Ahaha this is a funny meme as technically it is hard to see a bottom for Bitcoin as this point. Ever since Bitcoin entered the bear market we all have our guesses where the bottom is. Of course woth the little price actions here in there it is hard to pin point the exact bottom is. A lot of people even said that 6,500$ is the lowest that Bitcoin can get now that BTC has proven them wrong it is hard to tell where the true bottom is. What we can really do is observe the market and base our plan from it. A 200$ increase in price cannot be classified as a pump compared to the 10% decrease we have in the last few weeks.

[Last of the V8s]

Technically, you're right.
Practically, she's a sort-term bottom-shorter stop-hunter.

[Last of the V8s]

She could break my balls any time

[Ibian]

Just realized that Bitcoin's hash rate is up +100% since January 2018 and around +25% since May as well as +15% from two weeks ago.

That's a nice hashrate miners. Those are some nice ASICs.

It would be shame if someone...

changed...

the algorithm.

It's not going to happen, so I don't know what your point is except to bring up something that is not going to happen?

not to be an ass...but actual question...I read someplace a month ago, actually the claim that miners need about $6,600 usd to make profit mining ..this

was for the majority of big BTC miner halls...IF, the price dumps (see LTC) and there is an overabundance of ASIC miners (see LTC) is it not possible that

it could get so bad or centralized (see LTC Bitmain) that perhaps this could be the case? I used LTC as an example ..which is not exactly fair, in that they have

many pow-scrypt coins effected in this manner, not just Bitcoin forks....but there has to reach a point in price vs mining...where it could be you just could NOT

mine coin at a price without having to change algo?

anyway, probably not explained right, but you get the direction...what would it take to change algo on BTC? (if any)

I don't get how you can be a miner and not understand how mining works. If mining becomes unprofitable, some miners will drop out, the difficulty goes down, and the cost of mining goes down to whatever level is profitable for the remaining miners. This is 101 stuff.

[TheCryptoDudeson]

Phillip Nunn ----- btc hit 60k this year allways nice to read 

Always*

[Rsiyz]

https://twitter.com/Antminer_main  new

price comment: end of juice ... 

[Micky25]

Phillip Nunn ----- btc hit 60k this year allways nice to read 

Always*

One of the things I don't understand in the English language, because it actually means "in all ways". Same as Welcome.

[ivomm]

After the previous (14 days ago) 14% rise in difficulty we have 2.77% now. Are we going to a halt in asic sales? Anyway, the miner break-even point is close, and this is typically considered as the (in our case tripple) bottom of the price  

[Totscha]

Phillip Nunn ----- btc hit 60k this year allways nice to read 

Always*

Way to start posting like a Nazi...

[Totscha]

After the previous (14 days ago) 14% rise in difficulty we have 2.77% now. Are we going to a halt in asic sales? Anyway, the miner break-even point is close, and this is typically considered as the (in our case tripple) bottom of the price  

Most miners are bought at wholesale prices, so we're not there yet

[shahzadafzal]

Meet the path to NEW "ATH" by year end (2018):

All I can see is two mountains of almost same height... why it can't grow bigger by end of 2018?

https://www.tradingview.com/x/TFWR2NB6/

[Dabs]

Who here is NOT going to sell me their Lambo if I pay in BTC that has either some segwit taint, or that actually comes from a native segwit address? I didn't find anyone who wouldn't accept my coins.

That would be that Bcash idiot Jbreher  

Actually, I don't think he said it. He implied that someone else would not accept BTC that came from one of his perceived asset classes. I don't think he wouldn't accept my BTC no matter where they came from, but at the same time, he doesn't need our BTC since he seems to have more than we do, and he's got nothing for sale that we could pay in BTC.

I mean, bitcoins are bitcoins. bitcoin cash is bitcoin cash. Other than that (and the other forks), there's no difference.

I'll accept bitcoin cash, I'll just market sell it all.

[El duderino_]