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

[jbreher]

Meanwhile, I give up. The show's over for me. This money can be put to better use somewhere. I'm sure of it. Thus and so I'm cashing the fuck out before I do anymore damage to myself. God speed, you lot of sophisticates. Give my regards to mister Toronto.

Cheers and bon voyage or whatever.

Goodness, that is rather unfortunate news, old chap. So sorry you shan't be joining us on our impending domination of this thing the ruffians call life.

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[JayJuanGee]

Just bought s'moar. Dollar cost averaging on its way, especially on the way down as someone else has drilled into our collective heads  

I hope my timing is lucky this time around. Not so much for the small advantage of buying slightly cheaper, but as a good start for a year final bull run in bitcoin's best tradition. Every moon climb begins by tackling a hill.

I've had some laddered buy orders sitting around for months going from $5,200 to $3,800, or something like that. Tempted to cancel those and just buy in around current levels, as bull season has begun. I'll likely buy in higher if I see confirmation that the bear trend is over.

Of course, you can tweak your orders at any time; however, I doubt that it hurts having orders that go down the spectrum of possibilities, just in case. 

Largely, since about early February, I have maintained buy orders down to $3k; however, I have tweaked them from time to time, too.  I have also held onto a decent size reserve of funds that are ready to buy down to $1k and even lower, even though I have continued to have considerable doubts about any of those price levels being reached in this particular correction cycle.  Part of the satisfaction of cashing out at higher levels and all the way up to $19k was to be able to adjust and to have a reserve that goes further down the price scale, just in case the BTC price corrects further than expected and longer than expected (which continues to be within the realm of reasonable (even if extreme) possibilities).

Accordingly, I would not completely cancel any of those orders down to $3,800, yet you can tweak them in a couple of ways by changing their size or their increments and/or just pulling some more money from other places in order to buy more around the ballpark of current prices.

Ultimately, the way that you tweak should be to accommodate your own changes in sentiment, yet completely cancelling or taking BIG moves seems to be more of a gambling approach rather than a meaningful attempt at some kind of semblance of sound investment (if bitcoin can be placed into such category with its continued expected extreme volatility potential).

That's true. It would probably be more responsible to keep the laddered buy orders, but maybe move them up to a more realistic price area.

Let's say, for example, you have about $500 buy orders every $500 starting at $5,300, then $4,800, then $4,300, then $3,800.  That would be 4 buy orders that constitute a total of $2,000.  Sure, you could start them out higher up, such as starting at $6,100, and/or you can change their quantities, as well and allow them to go all the way down.  If you started at $6,100, you could stagger them every $333 (which would be 3 orders for every $1,000 price drop, and you could still have buy orders going all the way down to $3,800-ish.. they would just be around $300 each rather than $500 each. 

So in my example, you still go down to the same amount, but you increase the number of your buy orders from 4 buy orders to 7 buy orders which also allows you to move all of them to start at a higher price (the first one is triggered sooner).  You could also go down to $100 per order, and then you would have 10 buy orders to work with which could allow you to prepare for even further down, too (even though it does not seem very likely we are going down further, but there is a certain peace of mind that can come by having the cash available, just in case).  Also, sometimes when you have the extra cash available, sometimes you can just say fuck you to all of it, because you don't think that the price is going to go down that far, and you can just remove that cash from your preparations and treat yourself to something (with your profits). 

[elrippos friend]

Good morning everbody 

[JayJuanGee]

Accordingly, aren't we barking up the wrong tree in a kind of frivolous pie in the sky manner if we are expecting that segwit is going to be reversed or to whine about segwit being in place because it has become part of bitcoin BTC.

FTFY.

That is not a proper fix jbreher.

Go back to your room, until you learn what is the real bitcoin, and that bitcoin can be referred to as mere bitcoin, and we all know about what we are talking.. except for deluded bcashers or those folks attempting to mislead.

[Rosewater Foundation]

I love how you all still have hope. It's refreshing.
I'd hope it all works out for you, but, well...

I don't believe you a bit  

Gotta take his bullshit seemingly inopportune timed whining with a considerable grain of salt, and even consider the reverse psychology (or the fictitious) angle.

Fuck you, Jay. Not everybody is in a position to park his money sideways for the next three years.

P.S. Fuck you sideways.

it is quite likely that he is going to be back, buying back in, somewhere between the upper $20ks to the pre-$50k price range. 

Sad, but true, that there are real-world folks out there like that.

Moron.

[Wekkel]

Not until Q1 2021

Would be much better - long term - than an immediate resumption of the bull from here. Bitcoin would really let me down if it would not punish the rampant optimism all around. As if Bitcoin suddenly lets its course be plotted by cheerio guys. Want to have nothing of that.

I miss those brutal but purging bear market times.

[Rosewater Foundation]

Not until Q1 2021

Would be much better - long term - than an immediate resumption of the bull from here. Bitcoin would really let me down if it would not punish the rampant optimism all around. As if Bitcoin suddenly lets its course be plotted by cheerio guys. Want to have nothing of that.

I miss those brutal but purging bear market times.

All the clever people took their profits off the table long ago assuming the next few years are going to be a down-sloping shit-show. The kids don't even know what Bitcoin is anymore. If you enjoy brutal purge festivals, I say buckle up and enjoy.

My sage advice is to ignore Jay before it's too late. He's trying to make you stupider.

[JayJuanGee]

I love how you all still have hope. It's refreshing.
I'd hope it all works out for you, but, well...

I don't believe you a bit  

Gotta take his bullshit seemingly inopportune timed whining with a considerable grain of salt, and even consider the reverse psychology (or the fictitious) angle.

Fuck you, Jay. Not everybody is in a position to park his money sideways for the next three years.

P.S. Fuck you sideways.

it is quite likely that he is going to be back, buying back in, somewhere between the upper $20ks to the pre-$50k price range.  

Sad, but true, that there are real-world folks out there like that.

Moron.

You are the one who seems to be the moron.  You have been participating in this thread for several years, supposedly under various user names, and you seem to be unable to figure out how to hedge your money in such a way in order to profit from a 78x price increase that happens to correct back down around 30x?  that is going from $250 to $19k to $6,500.

I am not proclaiming to be an expert or that there is only one way to accomplish profits  or that everyone can make a killing, but there should be ways to cause this kind of largely profitalbe situation to become somewhat manageable an reasonable for you, as long as you are not gambling and as long as you attempt to accumulate and HODL BTC rather than getting distracted by ongoing outbursts and emotions.

If you think that the odds are great for downwards BTC price movement(s) from here (after an already more than 70% price correction and still floating in around 67% correction territory), then you seem to be lame and lacking in creativity in terms of attempting to establish a modest way of long term investing rather than hoping to get rich within weeks or even months of making BIG gambling plays.

In other words, long term investing takes a lot of patience, tweaking and incrementalism and accumulation of BTC, and in the long term such a strategy that involves attempting to accumulate BTC, HODLing BTC and not investing more than you can afford to lose (including dollar cost averaging methods that tend to be solid for any investment in which you have long term bullish sentiment about the fundamentals) has very decent chances to pay off way better than any traditional investment(s), especially when investing in BTC.  

BTC's history has already shown that and considerable upside potential still exists, in spite your whining that you seem to be inclined to attempt to do the opposite of what you should be doing by buying on the way up, likely investing more than you can afford to lose and selling on the way down, which seems to have decent chances of losing and causing resentment and emotional outbursts, such as the one you just made.

Sure, you could get lucky by selling now and buy back lower... but it is still a bad strategy, and it is necessary to tell you such when you are making such emotional outbursts on a public thread and especially for someone, like you, who seems to have been around this thread for a significant while through various user accounts.

Anyhow, you do whatever the fuck you want, because ultimately I try to help people to help themselves, including you and including some of the seeming joke emotional material you have historically provided, and attempt to provide information for the application of good principles and practices, yet each person has to be responsible for themselves and their own situation - and in the end, apply whatever s/he learns from quasi-anonymous threads with grains of salt, including taking responsibility for your own choices and whether you believe that your choices are helping you to accomplish what you need - which should be some portion of bitcoin in your investment portfolio, anywhere between 1% to 10% of your quasi-liquid investment or some other reasonable amount that is within your discretion and consideration  of your financial situation, including cashflow and other investments, views on bitcoin, risk tolerance and timeline.    

By the way, many of us are not sideways if we have already been in bitcoin for 3 years and might be planning another 3 years of sideways that may well still be UP from where we started.  Even if you have been in only for a bit over a year, there are decent chances that sideways is still profitable, even if prices happen to remain flat for another 3 years, which may or may not happen.

[serveria.com]

I love how you all still have hope. It's refreshing.
I'd hope it all works out for you, but, well...

I don't believe you a bit  

Gotta take his bullshit seemingly inopportune timed whining with a considerable grain of salt, and even consider the reverse psychology (or the fictitious) angle.

Fuck you, Jay. Not everybody is in a position to park his money sideways for the next three years.

P.S. Fuck you sideways.

it is quite likely that he is going to be back, buying back in, somewhere between the upper $20ks to the pre-$50k price range. 

Sad, but true, that there are real-world folks out there like that.

Moron.

Bitcoin hasn't been in the bear mode for 4 years straight and will never be. Very strange decision to capitulate now I should say... but what are the better investment options you mentioned? Shitcoins? Real estate?  

[JayJuanGee]

Not until Q1 2021

Would be much better - long term - than an immediate resumption of the bull from here. Bitcoin would really let me down if it would not punish the rampant optimism all around. As if Bitcoin suddenly lets its course be plotted by cheerio guys. Want to have nothing of that.

I miss those brutal but purging bear market times.

All the clever people took their profits off the table long ago assuming the next few years are going to be a down-sloping shit-show. The kids don't even know what Bitcoin is anymore. If you enjoy brutal purge festivals, I say buckle up and enjoy.

My sage advice is to ignore Jay before it's too late. He's trying to make you stupider.

Sage advice coming from an emotional wreck who says that he is leaving on an ongoing basis and seems to be unable to figure out a profitable BTC strategy in an asset that is 20x up from where it was 3 years ago? ... How sage could that be?

[JayJuanGee]

I love how you all still have hope. It's refreshing.
I'd hope it all works out for you, but, well...

I don't believe you a bit  

Gotta take his bullshit seemingly inopportune timed whining with a considerable grain of salt, and even consider the reverse psychology (or the fictitious) angle.

Fuck you, Jay. Not everybody is in a position to park his money sideways for the next three years.

P.S. Fuck you sideways.

it is quite likely that he is going to be back, buying back in, somewhere between the upper $20ks to the pre-$50k price range. 

Sad, but true, that there are real-world folks out there like that.

Moron.

Bitcoin hasn't been in the bear mode for 4 years straight and will never be. Very strange decision to capitulate now I should say... but what are the better investment options you mentioned? Shitcoins? Real estate?  

He's probably a fucking troll, just coming in to bash and to whine when things are not going well.  You can see similar patterns with his other account, too... at least the BlindMayor account, and I am not sure about what other accounts would be his.

[LFC_Bitcoin]

Meanwhile, I give up. The show's over for me. This money can be put to better use somewhere. I'm sure of it. Thus and so I'm cashing the fuck out before I do anymore damage to myself. God speed, you lot of sophisticates. Give my regards to mister Toronto.

Cheers and bon voyage or whatever.

[Karartma1]

Meanwhile, I give up. The show's over for me. This money can be put to better use somewhere. I'm sure of it. Thus and so I'm cashing the fuck out before I do anymore damage to myself. God speed, you lot of sophisticates. Give my regards to mister Toronto.

Cheers and bon voyage or whatever.

No need to give up. Don't get eaten up by the beast. I had to do a BTC detox recently, it was becoming too much for me.
Remember that sometimes not getting what you want is a wonderful stroke of luck.

I said it elsewhere probably and I'll state it again. We are at war, we are fighting for our freedom. Nobody said it was easy since free people (with lots of money) are the most dangerous lot.

Be well and take care Mayor

[Phil_S]

This money can be put to better use somewhere. I'm sure of it.

No doubt. 

[Rosewater Foundation]

Meanwhile, I give up. The show's over for me. This money can be put to better use somewhere. I'm sure of it. Thus and so I'm cashing the fuck out before I do anymore damage to myself. God speed, you lot of sophisticates. Give my regards to mister Toronto.

Cheers and bon voyage or whatever.

No need to give up. Don't get eaten up by the beast. I had to do a BTC detox recently, it was becoming too much for me.
Remember that sometimes not getting what you want is a wonderful stroke of luck.

I said it elsewhere probably and I'll state it again. We are at war, we are fighting for our freedom. Nobody said it was easy since free people (with lots of money) are the most dangerous lot.

Be well and take care Mayor

I'm just coming off what I thought was a months long BTC detox. It didn't seem to work. I sincerely do wish you the best for you.

[Karartma1]

You do what's best for you!
 

[serveria.com]

Meanwhile, I give up. The show's over for me. This money can be put to better use somewhere. I'm sure of it. Thus and so I'm cashing the fuck out before I do anymore damage to myself. God speed, you lot of sophisticates. Give my regards to mister Toronto.

Cheers and bon voyage or whatever.

Haha this is hilarious! 

[serveria.com]

This money can be put to better use somewhere. I'm sure of it.

No doubt. 

I guess taking into account his latest decision he could order a "FCK BTC" numberplate 

[crypmike]

Bollinger bands haven't been this tight all year.



https://twitter.com/HsakaTrades/status/1047015780544598016

[El duderino_]

I love how you all still have hope. It's refreshing.
I'd hope it all works out for you, but, well...

The next peak is $180,000 in December 2021.   But the next 12 months are going to be boring and depressing as batshit, with occasional moments of sheer terror.  

Make your plans accordingly.  I suggest deep cold storage. Put it under a concrete slab if necessary.

So you and wekkel are not voting option 4 in here 

https://twitter.com/fundstrat/status/1046457776753573890?s=21