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

[cool4y]

The price will drop until buying morale improves.

This increase in volatility is absolutely the best that could happen. Bitcoins without volatility is either 100% domination or the project being dead.

We are watching healing in process.

Buy when there is blood on the streets, sell when people are greedy.

[JayJuanGee]

You seem to be assuming too much, and in the context that you use the term "investor," you do not seem to fit.

Sounds like you gambled and your gamble paid off (according to your version).

Investors take longer term approaches, and there is really no need to denigrate people merely because they largely accumulate and hold.  Many longer term theories about investing involve just that, which is a kind of dollar cost averaging and continuoing to buy and hold the asset.

If you think that you are doing better and you are gloating, then you are likely trying to criticize people in retrospect, which seems quite unnecessary... because even though some of the holders and accumulators that you are criticizing are currently going through turmoils and questioning their prior judgement(s) they are also likely going to continue to accumulate BTC and to HODL it and their BTC holdings are likely to perform quite well, and likely going to outperform a large majority of other investments... especially looking at a t 5-10 year time horizon.

There are long-term investors---You

And there are short term investors, commonly fit a day-trader idealism.
Not everyone can be as cool as you.


in·ves·tor
/inˈvestər/
noun
noun: investor; plural noun: investors
a person or organization that puts money into financial schemes, property, etc. with the expectation of achieving a profit.

Hey... each of us attempts to tailor his/her btc trading and investing strategy to his own personal circumstances, and maybe some succeed in tailoring their strategy/approach better than others?    those things include view of bitcoin, risk tolerance, cash flow, other investments, timeline, and perhaps a few other things.

Even though I might frequently attempt to overshare my approach, I also inquire about variations regarding the approach that others take and their weighing of personal factors, and surely from participation in this thread, we discover a lot of differing personal variations and views and also sometimes changes in those personal factors.

[FractalUniverse]

quick someone post something cheerfull

[I just saw the chart in the morning.. apparently there was no temporary bottom holding it over night   ]

[kenzawak]

Over the past week we have seen behavior indicative of market manipulation by OKEx, and estimate $400mm+ of futures contracts have been forced into liquidation as a result.

https://medium.com/@amberaigroup/okex-its-time-to-pay-the-piper-c242ec4ace47

[jbreher]

Wasn't coinbase in a huge scandal for essentially insider trading when they went live with BCH?

There were rumors. Nothing ever came from investigations.

[somac.]

I do both, but all profit goes back into more bitcoin, hopefully when the price drops (I absolutely consider myself a hodler though), but, I do have separate stashes for this, and I buy every pay day but I only started doing that when the price got back into the 6000s.

I did not sell at the top. I wish I did, but I thought it would get to my price, I was absolutely wrong there.

my goal is to grow my stash until ultimate price is reached then sell a portion. That portion will be for living and diversification.  The remaining portion never gets sold, but I may buy things with it if buying with btc ever gets to be a common thing.

Thank you for the nice explanation. Sounds as though your strategy is working rather well then.  

I could have done much better, and it still all depends on if this thing goes up again. I'm a btc fanatic, so think it will, but history is littered with the corpses or fanatics. Of course I'll be fine regardless, it would just suck if it never comes back.

[somac.]

The price will drop until buying morale improves.

This increase in volatility is absolutely the best that could happen. Bitcoins without volatility is either 100% domination or the project being dead.

We are watching healing in process.

Buy when there is blood on the streets, sell when people are greedy.

This is why I refuse to sell anything at the moment.

[kenzawak]

The price will drop until buying morale improves.

This increase in volatility is absolutely the best that could happen. Bitcoins without volatility is either 100% domination or the project being dead.

We are watching healing in process.

Buy when there is blood on the streets, sell when people are greedy.

This is why I refuse to sell anything at the moment.

[Kylapoiss]

Buttcoin cash down over 42%, at least something good is happening.

[JayJuanGee]

I do both, but all profit goes back into more bitcoin, hopefully when the price drops (I absolutely consider myself a hodler though), but, I do have separate stashes for this, and I buy every pay day but I only started doing that when the price got back into the 6000s.

I did not sell at the top. I wish I did, but I thought it would get to my price, I was absolutely wrong there.

my goal is to grow my stash until ultimate price is reached then sell a portion. That portion will be for living and diversification.  The remaining portion never gets sold, but I may buy things with it if buying with btc ever gets to be a common thing.

Thank you for the nice explanation. Sounds as though your strategy is working rather well then.  

I could have done much better, and it still all depends on if this thing goes up again. I'm a btc fanatic, so think it will, but history is littered with the corpses or fanatics. Of course I'll be fine regardless, it would just suck if it never comes back.

In theory, if we buy and HOLD, and perhaps sell a few BTC at what we believe to be the top, and then buy back some BTC on dips from time to time, without getting too radical, our returns should be somewhat in the approximate area of the overall market; however, I doubt that very many people achieve those market levels of return on any kind of consistent basis.

For example, from the approximate jumping off base price of $250 in mid to late 2015, the BTC price went up 78x to $19,666, and currently, the BTC price is a bit more than 18x, at more than $4,500 (as I type). 

I might be around 6x in profits, give or take a bit and depending on how I calculate and depending on whether I am able to account for all of my coins, including how to calculate some of the value that is in shitcoins that I might be willing to write off but could be like a 1% hedge.. something like that? 

Those values are on paper, because I would be really hard-pressed if I were forced to cash out all of my value at once, and surely some coins that I have in my calculation are lost forever and some caught up in a questionable statuses, and did I account for all transaction fees in my calculations of what I have?  Ultimately it is expected that some mistakes are going to be made in calculations and also in buying or selling at the wrong time.

[Phil_S]

At least the band-aid isn't coming off slowly. $4600 the new $6400?

Just when I wanted to agree... damn it.

It's $4444 now...

[Kylapoiss]

Down we go again, 3k soon?

I was pretty numb until 4600 as I'm mentally prepared for high 3k, but the excitement is starting to rise now when it might become a reality.

[somac.]

Down we go again, 3k soon?

3 k baked in I reckon, though there has to be a chance of at least a temporary short squeeze after this kind of fall.

[Kylapoiss]

Will this shut CSW up? Probably not, but still pleasing to see.

[podyx]

This is a disgrace. Somebody fix this shit

[podyx]

I need my money

[somac.]

This is a disgrace. Somebody fix this shit

the beatings will continue it seems

[El duderino_]

I need my money

As today?

[Samarkand]

...
high linguistic ability (an entirely female trait) in order to try and maximize scamming ability.  Males tend to have lower linguistic ability than females
because men can just go and do things themselves.  
...

This is the reason why it is so great when you have high linguistic ability as a man.

Men have a weakness for visuals in general while women have a weakness for
soft words. If you have a certain playfulness with language, you can seduce literally
any woman. As you already pointed out most men don´t have this level of linguistic ability,
which makes seduction so easy for the men that possess that skill.

[mindrust]

I need my money

2 years later buddy