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

[JayJuanGee]

^^
Yeah indeed .... even from 200-300 to the price of today is incredible

I started at an average cost per BTC around $1,200 in late 2013, but that did not last long because as we know the price continued to drop for about a year and then get stuck in a low point of mid $200s for nearly another year, so buying as the price came down brought down my average cost per BTC to about $500 by early 2017.  In early 2017, I had some phone porting hacker issues when the BTC prices were in the $1,100 arena which caused my cost per BTC to rise to over $700 (due to losses)..... ..

I guess that my point is even if any of us BTC HODLers have some screw ups along the way that bring up our average cost per BTC, just from being in BTC for so long and striving towards BTC accumulation we still are likely sitting fairly pretty from the great BTC price appreciation.... even if we may not have received the full value of that two year long BTC price appreciation that started from $250 in mid to late 2015. 

I understand that there are also some BTC HODLers that might be in the $2k to $5k per BTC costs, and even they are not in a bad place with current BTC price dynamics and the threats that the price might go lower.. (but it might not, also... hahahaha)

The HODLers who are in the red, right now (might have average costs per BTC in the $8k to $19k range, but it really seems a lack of commitment to BTC if anyone has not been able to bring down their cost per BTC during the last more than 6 months), probably need to HODL and continue to buy BTC to continue to attempt to bring down their average cost per BTC, and it seems quite likely that just a few years down the road and perhaps as long as 5-10 years they are quite likely to experience decent price appreciation that outcompetes various traditional investments (no guarantee of course, but strategy and plan can help to increase the odds of HODLers and their position in the upcoming world that is likely to include more BTC awareness into the future).

[El duderino_]

^^
Yeah indeed .... even from 200-300 to the price of today is incredible

I started at an average cost per BTC around $1,200 in late 2013, but that did not last long because as we know the price continued to drop for about a year and then get stuck in a low point of mid $200s for nearly another year, so buying as the price came down brought down my average cost per BTC to about $500 by early 2017.  In early 2017, I had some phone porting hacker issues when the BTC prices were in the $1,100 arena which caused my cost per BTC to rise to over $700 (due to losses)..... ..

I guess that my point is even if any of us BTC HODLers have some screw ups along the way that bring up our average cost per BTC, just from being in BTC for so long and striving towards BTC accumulation we still are likely sitting fairly pretty from the great BTC price appreciation.... even if we may not have received the full value of that two year long BTC price appreciation that started from $250 in mid to late 2015. 

I understand that there are also some BTC HODLers that might be in the $2k to $5k per BTC costs, and even they are not in a bad place with current BTC price dynamics and the threats that the price might go lower.. (but it might not, also... hahahaha)

The HODLers who are in the red, right now (might have average costs per BTC in the $8k to $19k range, but it really seems a lack of commitment to BTC if anyone has not been able to bring down their cost per BTC during the last more than 6 months), probably need to HODL and continue to buy BTC to continue to attempt to bring down their average cost per BTC, and it seems quite likely that just a few years down the road and perhaps as long as 5-10 years they are quite likely to experience decent price appreciation that outcompetes various traditional investments (no guarantee of course, but strategy and plan can help to increase the odds of HODLers and their position in the upcoming world that is likely to include more BTC awareness into the future).

My friend Just the same .... bought the top @2013.... and bought and played poker for as Many btc’s that he could what i’m surely know to be considered a big amount
Those  2 years of price decrease he adviced all of his friends and etc to buy Some of iT and like NOT one did buy cause iT was only dropping in price 

I Just met Him and got my btc story from When iT was hitting a bit over 350-ish....
today the day he still saying i’m the biggest luckbox that he knows cause from there iT was only Going up 

Offcourse all the old friend and NOCOINERS had growing intrest When btc was hitting 2-3-4K and fomo’d in

[goldkingcoiner]

Are we done with the ass eating posts?

[crypmike]

Btc <3

[kirreev070]

Btc <3

[afbitcoins]

^^
Yeah indeed .... even from 200-300 to the price of today is incredible

I started at an average cost per BTC around $1,200 in late 2013, but that did not last long because as we know the price continued to drop for about a year and then get stuck in a low point of mid $200s for nearly another year, so buying as the price came down brought down my average cost per BTC to about $500 by early 2017.  In early 2017, I had some phone porting hacker issues when the BTC prices were in the $1,100 arena which caused my cost per BTC to rise to over $700 (due to losses)..... ..

I guess that my point is even if any of us BTC HODLers have some screw ups along the way that bring up our average cost per BTC, just from being in BTC for so long and striving towards BTC accumulation we still are likely sitting fairly pretty from the great BTC price appreciation.... even if we may not have received the full value of that two year long BTC price appreciation that started from $250 in mid to late 2015.  

I understand that there are also some BTC HODLers that might be in the $2k to $5k per BTC costs, and even they are not in a bad place with current BTC price dynamics and the threats that the price might go lower.. (but it might not, also... hahahaha)

The HODLers who are in the red, right now (might have average costs per BTC in the $8k to $19k range, but it really seems a lack of commitment to BTC if anyone has not been able to bring down their cost per BTC during the last more than 6 months), probably need to HODL and continue to buy BTC to continue to attempt to bring down their average cost per BTC, and it seems quite likely that just a few years down the road and perhaps as long as 5-10 years they are quite likely to experience decent price appreciation that outcompetes various traditional investments (no guarantee of course, but strategy and plan can help to increase the odds of HODLers and their position in the upcoming world that is likely to include more BTC awareness into the future).

I'm not disciplined enough to know my average cost, would be intresting to know though. First time I bought bitcoin was coming down from its MtGox $32 dollar all time high and I was in the red for ages afterwards because it kept going all the way down to $2. However I lost my entire first stash in the bitcoinica hack. Last time I bought was in the $250 range. I sold off a bunch too early though still at extremely good profit. I don't think the strategy of buying all the way down and selling all the way up works for me. I like to try and time bottoms to accumulate then mostly hodl, if I can i will try to diversify on tops. That might mean only a few trades in a few years. Banking problems hindered me on the last top. Its a constant learning experience.

[crypmike]

Btc <3

meme king)

[goldkingcoiner]

I love how people praise shitcoins all like "its the better, newer bitcoin" but when BTC drops, the shitcoins drop too. Don't get me wrong, I like making money from shitcoins when BTC goes up, so do they but, cmon.... Are we ever going to see a BTC 2.0?

[ThePunisher49X]

Bitcoin take on South park.
https://twitter.com/Xentagz/status/1035211520525918208

"He got rekt in this bear market and moved to Thailand!?"

We all know who they are talking about.

[Biodom]

I only need to know a couple of things about future btc status:

1. what is its price by the second half of 2021 (June-Dec)?
2. what is its price by December 2023?

re #1 my hope is $100K and the world is largely intact
re #2 my hope for btc is $200K (after a sharp correction in 2022) and same as above for the world as a whole.

[bitcoinPsycho]

I only need to know a couple of things about future btc status:

1. what is its price by the second half of 2021 (June-Dec)?
2. what is its price by December 2023?

re #1 my hope is $100K and the world is largely intact
re #2 my hope for btc is $200K (after a sharp correction in 2022) and same as above for the world as a whole.

the next 24 years are critical

[kurious]

Cervantes, The Quixote
Mikhail Bulgakov, The Master and Margarita
Nikolai Gogol, The Nose
Franz Kafka, The Castle
Jorge Luis Borges, Labyrinths
Hemingway, A Clean Well-Lighted Place
Edward Gibbon, The History of the Decline and Fall of the Roman Empire
Adam Smith, The Wealth of Nations
Bertrand Russell, A Free Man’s Worship

Just catching up on a week's worth of WO after heading off for a little fly fishing.

Respect for a great reading list, although Bulgakov would go to no. 1, and I might rate a different Hemmingway.

So some people here are well-read after all.  (Both of you) rise even further in my estimations.

(Merited) keep lifting the tone, eh?

[kurious]

Here are some obvious must reads, off the top of my head.

Cervantes, The Quixote
Mikhail Bulgakov, The Master and Margarita
Nikolai Gogol, The Nose
Franz Kafka, The Castle
Jorge Luis Borges, Labyrinths
Hemingway, A Clean Well-Lighted Place
Edward Gibbon, The History of the Decline and Fall of the Roman Empire
Adam Smith, The Wealth of Nations
Bertrand Russell, A Free Man’s Worship

Quite interesting. My obvious must-reads fwiw:

Umberto Eco, The Name of the Rose
Shakespeare, oeuvres
trilema

Nice additions - particularly giving Bill the Bard a mention, but I can't enjoy reading Trilema - and I have really tried... His slut shaming Dom stuff is weirdly dubious and some of the rest is (while no doubt intelligent and incredibly erudite) pretty unintelligible and often deeply cynical to me.  I dip in sometimes still, but I am not sure I ever learn much.

EDIT: Spelling

[kirreev070]

What happened? Why the volume of trading grew 10 times and price in 50%?

[crypmike]

What happened? Why the volume of trading grew 10 times and price in 50%?

https://bitcointalk.org/index.php?topic=178336.msg44976436#msg44976436

[JayJuanGee]

Of course, they can't, Billy
A lot of ppl with money remain unhappy
Money only can give you some additional emotions, increase your status & solve some money-based problems
And that's it
True happiness is self-realization and healthy family (relatives)

wdyt?



https://twitter.com/BullyEsq/status/1035182224126214149

Money can't "buy" happiness.... but lack of it is surely a great obstacle in reaching or maintaining happiness.

My goal is to reach that point in which I can be reasonably sure I won't ever experience lack of money in my lifetime. No extravagances or overspending needed at all. Just that. So that I can live my life, more or less happy but without that worry.

What is that quantity of value that you would want to accumulate in current dollars?

If we use traditional assumptions that you can afford to withdraw 4% per year from traditionally invested funds without largely losing the principle.  That is considered to be a kind of maintenance withdrawal of value to preserve the principle (a kind of withdrawal of interest ONLY thinking).

With that framework, for every $1million dollars, you can expect to garner a withdrawal rate of approximately $3,333 per month (that is ($1million * .04) / 12).  Then the question becomes how many million dollars do you need to feel comfortable?  For myself, I figure approximately $2.5 million would allow for a decent income that would mostly allow me to continue my current standard of living plus a little bit of cushion.... and actually it would be a bit more than I am used to because I no longer would have to worry about pulling out money for savings/investment because I already arrived at a maintenance stage, rather than an accumulation stage... furthermore, I would become more geographically mobile which could cause for a lot of potential savings because I would no longer have to live in one particular area to maintain a JOB.

Anyhow, with about $2.5 million of principle, the income would be approximately $10k $8,333 per month (that is 2.5 x $3,333).  So that income would largely be considered to be passive income.. and seems reasonable based on a principle of $2.5 million, no?

Of course, depending on what part of the world you live, and your own expectations concerning the lifestyle that you would like to live, there can be considerable variance in how much you feel is reasonable necessary (or preferred) and how much cushion you feel that you need to have, too.  

Let's just say that if your quantity of fiat value for your bitcoins had gone up to $2.5million (that's around 125 bitcoins) when bitcoin went up to $20k,  but then the value of your bitcoins would only be worth $875,000 today with the price at $7k.. so it is almost as if you would have to consider the lower end of possible BTC price movements in order to feel comfortable leaving your wealth in bitcoin.  Let's say that you want to maintain at least $2.5 million in fiat value, but you are actually o.k. if the BTC price were to go down to $2million, then you would have needed to maintain 333 Bitcoins when the BTC price sunk down to $6k in order to maintain at least $2million of value in bitcoins.  

I still kind of think that in the future, anything approaching 100 bitcoins should be more than enough to maintain about a $2.5 million dollar value, but then I suppose I am presuming a kind of bitcoin price floor at $25k - even if from time to time the BTC price might have periods of dipping below $25k.

I understand that there are HODLers who are contemplating much smaller BTC holdings - even in the 21 bitcoins territory, but perhaps those folks are kind of expecting a $100k BTC floor prices... which also might not be unreasonable for a longer-term thinking about where BTC has decent chances of going.. and especially if you have a bit more time in your investment horizon and your cashing out (living on passive income) plan.

Edited the passive income numbers due to my earlier miscalculations, and added some clarification here and there.

[Raja_MBZ]

12 minutes old baby:

[JayJuanGee]

We need BIGGER price moves for my orders to trigger, whether buying or selling... 

Still harvesting the volatility at a $125 increment.

#justsayin'

Surely, the first time we came up passed $3k and then on the way up to $10k and then to $20k, I increased my sell increments, and they got up to $1,000, so my orders were not filling too frequently, but then when the price came back down, so did my buy/sell price increments.

My current practice is that the increments are pretty close together (there is some variance but around $250), however if the price reverses, we can get into a kind of lala land for my orders not filling because even though approximately every $250 might cause another sell to to execute, it may take around $700 reversal for one of my buy orders to execute.. or we can get caught in the $700 range in which no orders are being filled.

I kind of play around with what is comfortable for me, and if I manually make some kind of extra buy or sell, then I might tweak around the positioning of the orders, too.

For me, I feel that it is plenty of work, even with the orders not filling very often, and I am saving some of my energies for when the price goes shooting in one direction or another, then the orders begin to fill like crazy, and as you know sometimes it can be very time consuming to keep up, even if your orders are decently spread out.

[JayJuanGee]

We need BIGGER price moves for my orders to trigger, whether buying or selling... 

Still harvesting the volatility at a $125 increment.

#justsayin'

Sooner or later every volatility harvester gets REKT. Bitcoin is unstoppable!

#justsayin'

I agree with you that when you are selling BTC, you do not want to sell too much.  Of course, if you sell too much then you are going to get rekt because you are going to run out of bitcoins to sell as the price is going up.

So the trick, in my thinking, is to sell as much that you do not give a shit if the price goes back down or not... but if it happens to go back down then you buy back some bitcoin with that money.   Accordingly, I have come to believe that in order to arrive at a comfort level of selling a tiny bit of your BTC stash, then you overinvest a little bit in BTC, so that when the price goes up you don't mind getting rid of some of it.  Of course, you don't leverage or use money that you need to pay monthly expenses such as rent and food, but if you invest a bit extra into BTC, you don't feel bad at all lightening your load a bit as the price is going up while still maintaining a BTC stash that is well within your investment intention and that you really don't intend to sell, except maybe some longer term price thresholds that are in your personally tailored plan.

[goldkingcoiner]

Are we done with the ass eating posts?

“he ate ass, and we got BTFO on our short positions”