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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21172454 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (23 posts by 12 users deleted.)
Searing
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December 08, 2018, 03:26:10 AM

It drops to $350 and becomes stable for a day........... What are you guys doing at this point and up to this point? what is your next move? are you rekt? are you happy, are you trading hand over fist? are you drinking? are you jumping out of a window?

The cost basis for the rest of my stash is zero.

I'm riding this bitch into the dirt, if that's where she decides to face-plant me.

Will be looking to increase my holdings if prices dip below $1,000 USD.


yep...same...at least with 53% of my stash I made on the original KNC Jupiter BTC miner.

dumped 13% the other 24% is also on HODL, above the other 53% of my hoard ...to dump, if needed.

 I have enough for my next 2 years of retirement in cash this year, I've dumped AND ride the 53% HOLD left into the dirt as well.

at least with all this I now have 'complete clarity' on WTF I'm doing...kinda odd after 5 years in BTC and crypto. Smiley

but ack! 13% of hoard is down...24% is in limbo for dumping depending on future prices and 53% is as you say, HODL till dirt ie...zero out of spite.

I imagine the way my luck is going, next week craig wright will produce private keys and prove he is Satoshi..just to further drive me to despair.

FML

brad


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December 08, 2018, 03:26:25 AM

It drops to $350 and becomes stable for a day........... What are you guys doing at this point and up to this point? what is your next move? are you rekt? are you happy, are you trading hand over fist? are you drinking? are you jumping out of a window?

The cost basis for the rest of my stash is zero.

I'm riding this bitch into the dirt, if that's where she decides to face-plant me.

Will be looking to increase my holdings if prices dip below $1,000 USD.

 ....and if one of the ego coins takes over?

ps good answer

 

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December 08, 2018, 03:27:52 AM

It drops to $350 and becomes stable for a day........... What are you guys doing at this point and up to this point? what is your next move? are you rekt? are you happy, are you trading hand over fist? are you drinking? are you jumping out of a window?

The cost basis for the rest of my stash is zero.

I'm riding this bitch into the dirt, if that's where she decides to face-plant me.

Will be looking to increase my holdings if prices dip below $1,000 USD.


yep...same...at least with 53% of my stash I made on the original KNC Jupiter BTC miner.

dumped 13% the other 24% is on hodl. I have enough for my next 2 years of retirement AND ride the 53% HOLD left into the dirt as well

at least with all this I now have 'complete clarity' on WTF I'm doing...kinda odd after 5 years in BTC and crypto. Smiley



Good answer  Wink

What if one of the ego coins somehow in this alternate world become numero one and their head shitlord was spouting off on youtube/television etc
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December 08, 2018, 03:32:17 AM

It drops to $350 and becomes stable for a day........... What are you guys doing at this point and up to this point? what is your next move? are you rekt? are you happy, are you trading hand over fist? are you drinking? are you jumping out of a window?

The cost basis for the rest of my stash is zero.

I'm riding this bitch into the dirt, if that's where she decides to face-plant me.

Will be looking to increase my holdings if prices dip below $1,000 USD.


yep...same...at least with 53% of my stash I made on the original KNC Jupiter BTC miner.

dumped 13% the other 24% is on hodl. I have enough for my next 2 years of retirement AND ride the 53% HOLD left into the dirt as well

at least with all this I now have 'complete clarity' on WTF I'm doing...kinda odd after 5 years in BTC and crypto. Smiley



Good answer  Wink

What if one of the ego coins somehow in this alternate world become numero one and their head shitlord was spouting off on youtube/television etc


would be damn tough ..to get any $$$ or crypto swap for other coming up coins..in the future..retired.. these whole crypto altcoins and BTC was

supposed to carry me for the next 2.5years, left till my  retirement without touching my BTC hoard and/or my traditional investments and social security

till I was a full 66 years.

the needs must, when the devil drives. (a 16th century saying)

whatever...the die is cast as they say....this is my GOT (go to hell) plan for good or nill

brad
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December 08, 2018, 03:33:25 AM

A thought experiment

........ It rallies to $5350


Then it drops , and smashes through all support to $1150

Then the unthinkable happens... and it drops again

to $530.....

Markets are haywire, trading platforms freezing up, going off line, metric sites are spewing out jibberish


On Finex it flashcrashes to $75

Coinbase flashcrashes to $50 and goes offline


The price rises to $750 and stabilises for 6 hours


It drops to $350 and becomes stable for a day........... What are you guys doing at this point and up to this point? what is your next move? are you rekt? are you happy, are you trading hand over fist? are you drinking? are you jumping out of a window?


(Bonus question- Bitcoin SV OR Bcash or Ripple or Doge or  ETH or some other shitcoin is simultaneously going parabolic and either Craig or Rog or Vitalik are on youtube shit talking about how they are now number one, what are you doing? did you FOMO SV or Bcash, Doge or ETH or rando shitcoin? or no because rekt, rage quit, drunk etc) (EDIT for arguments sake lets say that the coin that has gone parabolic has already hit $5000)

Sorry I know its sordid and dark.... but I am curious to your answers  Cheesy  especially if they are amusing


Jeez, how many crazy things are happening in this scenario? Is Kool-Aid man going to bust through the walls too?

I'd probably say eff this and go to sleep.
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December 08, 2018, 03:42:29 AM

A thought experiment




Jeez, how many crazy things are happening in this scenario? Is Kool-Aid man going to bust through the walls too?

I'd probably say eff this and go to sleep.

Heh heh , it would have been no fun if it was a pedestrian thought experiment

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December 08, 2018, 03:47:03 AM

And it seems to me you lived your life
Like a candle in the wind
Never knowing who to cling to
When the rain set in
And I would have liked to have known you 
But I was just a kid
Your candle burned out long before
Your legend ever did

Im not a captain but I shall go down with it.

Funny story. Someone present heard it via sideband. Asked an appropriate leading question.
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December 08, 2018, 03:54:03 AM


A thought experiment

 

You better stop taking drugs, because your brain is becoming scrambled with really improbable scenarios.

I was huh errrm askin' for a friend?  Cheesy Cheesy

Nice attempt at a recovery.  I don't believe you.

Cheesy Cheesy JJ , you cannot be pointing the finger in the scrambled brain department, you are hardly the most succinct of fellows and you have scrambled my brain a few times, without drugs  Cheesy

I doubt that scrambled brain is merely based on length of posts, but instead being in the ballpark of reasonable discussion points.

I will grant you that reason does vary between peeps, but some levels of speculation are just out there way too much.

My posts scrambling your brain, might be a different kind of variation of reason, but would not necessarily mean that the post had been based on some really "out there" scenario, like you just presented.... trolls do that sometimes, by bringing up really out there scenarios... by the way, I don't believe that you are a troll based on this post from today or what I recall about your posting track record.


Besides old chap you are completely missing the point..... it is a thought experiment

I am certainly open to thought experiments, and I suppose if the thought experiment was a bit more realistic, then I would have been more than willing to make an attempt at responding to each and every one of its points (like d_eddie did, seeming charitable guy in this case)


Also TBH I was hoping for some amusing answers...  come on JJ play along Smiley

Let's leave this one to other peeps who want to respond... Hopefully, you will provide your response after a few other people respond  (presuming that a few other peeps will respond, like d_eddie already entertained you).   Personally, I think that I engage in enough speculating and typing in response to what I believe to be more likely scenarios that are being proposed (and my attempts to agree or disagree with them) including my other all-over-the-place responses.

A thought experiment

........ It rallies to $5350


Then it drops , and smashes through all support to $1150

Then the unthinkable happens... and it drops again

to $530.....
...




This kind of thinking can get you on Ignore !!! Smiley

Sorry I only read as far as I quoted. Tongue

I feel a bit more warm and fuzzy about Hueristic, after reading this post, even though s/he/it has been posting some decently sized nonsense in recent times.   Cheesy Cheesy Cheesy
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December 08, 2018, 03:57:03 AM
Merited by empowering (1)

....and if one of the ego coins takes over?

Irrelevant to me. Liquidated BCH holdings entirely at the original split.
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December 08, 2018, 03:58:07 AM

A thought experiment

........ It rallies to $5350


Then it drops , and smashes through all support to $1150

Then the unthinkable happens... and it drops again

to $530.....

Markets are haywire, trading platforms freezing up, going off line, metric sites are spewing out jibberish


On Finex it flashcrashes to $75

Coinbase flashcrashes to $50 and goes offline


The price rises to $750 and stabilises for 6 hours


It drops to $350 and becomes stable for a day........... What are you guys doing at this point and up to this point? what is your next move? are you rekt? are you happy, are you trading hand over fist? are you drinking? are you jumping out of a window?


(Bonus question- Bitcoin SV OR Bcash or Ripple or Doge or  ETH or some other shitcoin is simultaneously going parabolic and either Craig or Rog or Vitalik are on youtube shit talking about how they are now number one, what are you doing? did you FOMO SV or Bcash, Doge or ETH or rando shitcoin? or no because rekt, rage quit, drunk etc) (EDIT for arguments sake lets say that the coin that has gone parabolic has already hit $5000)

Sorry I know its sordid and dark.... but I am curious to your answers  Cheesy  especially if they are amusing






I just hodl. I wouldn't buy anything else, regardless if it was number one. If BTC goes below 1000, crypto is done anyway, I would just forget about it and live my life.
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December 08, 2018, 03:58:46 AM

"A watched coin never barts." - anon WObserver

Likely quoting yourself...
I find that kind of wit delicious, though. If he wasn't one of the most merited peeps on the whole board, I'd gladly throw him one for it.

I agree that V8 certainly traps me into meriting him more than I would like to.  And, I will concede that a large number of the active WO posters are guilty of various kinds of ways to quote ourselves and our prior posts.  On a personal preference level, I do kind of give more credit to the posters who are more subtle about it.
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December 08, 2018, 04:02:08 AM



would be damn tough ..to get any $$$ or crypto swap for other coming up coins..in the future..retired.. these whole crypto altcoins and BTC was

supposed to carry me for the next 2.5years, left till my  retirement without touching my BTC hoard and/or my traditional investments and social security

till I was a full 66 years.

the needs must, when the devil drives. (a 16th century saying)

whatever...the die is cast as they say....this is my GOT (go to hell) plan for good or nill

brad


Sounds like you have your head straight and a decent plan
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December 08, 2018, 04:35:12 AM


Merry Christmas Smiley


Thank you very much and Merry Christmas to you as well. How awesome of you! And everyone else who contributed also, even single merits help obviously. Now I suppose a few shitposts and maybe a couple on topic and I can wear my hat this week! Yay! Grin
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December 08, 2018, 04:42:46 AM
Last edit: December 08, 2018, 05:09:19 AM by empowering



You are up tight sometimes JJ

Well, I understand the question making people feel uncomfortable, but I never said it was realistic , I have stated quite clearly how I see things most likely playing out..

The question in short form would perhaps be more palatable i.e “BTC capitulates more than you think possible- what do you do?” Which I think is an entirely reasonable and realistic question to ask.. more so one I expect everyone that participates in this thread would have thought of.

Then that way people could have filled in their own price levels , but I was just adding colour to the scene because amusing
 
Also I picked  the price levels purposely for shock factor for sure ... that was part of the question , capitulation that you are alright with is not capitulation, and  is not what I was asking about ? I was specifically asking about what if it does the unexpected... surely that’s not taboo? We are all old enough in this game for sure! Also I did clearly label as ay thought experiment , in my defence.

Tbh this thread is a perfect place to ask the question

Personally I am bullish long term, but bearish on shorter time frame  -  I see potential for a rally and then a rout as explained in earlier serious posts, if I am honest I have spent a little time since wondering about the scenario myself...

From a risk reward point of view in all honesty there is only 100% to the downside and there is in my view a easily achievable 1000% to the upside long term.

No brainier.

Coincidentally, it is partly because people are so certain it can’t do the unexpected, and seem to think they have a handle on the bottom  that I asked the question , like I said if everyone is happy then it’s hardly capitulation, and besides I just wanted to see what my OG WO buddies would say in response to the horror scenario.

You guys musta figured I am a pretty dark humoured individual by now 😀

Didn’t mean to ruffle any feathers thou’

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December 08, 2018, 04:48:36 AM

Please ruffle more feathers.  It’s better than whinging about the price!
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December 08, 2018, 05:21:08 AM
Last edit: December 08, 2018, 05:34:42 AM by virtual2018

Bitcoin will continue to decline to the $3,250 – $3,000 area? Huh
                                                                   111111                                                          
                                                                  11000001                                                        
                                                       1111111111011111111111111                                                
                                        1111111111111111101111111111111111111111                                        
                                   1111111111111111111111111111111111111111111111111                                    
                              1111111111111111111111111111000010011111111111111111100101                                
                            10111111111111000000000000000000000000000000000111111111111000                              
                          001111111111110000000111111111111 1   1111111110000001111101011001                            
                        101111111111111001              1111                           0000010001010110001                          
                       001111111111111010         1111111111111111111          10000010000000010000                        
                      1011111111111111001      11111111111111111111111      000011000000000110001                      
                     10111111111111111011     1111  1111111111 111111111    0000000100000000010100                      
                    101111111111111111001    11111    1111111111111111111   00000000000000001010000                    
                   1111111111111111111001   111 11      111111111111111111  0000000000000000001010001                  
                  0111111111111111111100  111111111      111111111111111111 0000100000000000001010100                  
                 00111111111111111111100  111111111      111111111111111111 10000000000000000000001100                  
                001111111111111111111100  111111111       111          1111      100010000000000000010001100                
               0011111111111111111111100  11111111111                111111     1000000000000000000110000100                
              01111111111111111111111100  111111111               111011111    10001000000000000000000001100              
             001111111111111111111111100 1111111111           1111111101111 100000000000000000000000000100              
            0011111111111111111111111100 1111111111  11100     01111111111  1000100000000000000000110000100            
           01111111111111111111111111101  11111111  1111111   11111111011   10000000000000000000001110000001            
          0011110111111111111111111111001  1111111 11111111  10011111101    100010000000000000000000000000001          
         10111111111111111111111111111011    11111111111111 11100001101     100011000000000000000000000000000          
         00011111011111111111111111111010     110011111111101000000000        000111000000000000000000000000001          
         00011111111111111111111111111000      1110001111110000000011            000000000000000000000000000000000          
        100111111011111111111111111111000          1111011000001                       000100000000000000000000000000000          
        000111111111111111111111111111000               1111                                10000000000000000000000000000000001        
        0001111111011111111111111111110011  1111111111111111101000000000101110000000000000000000000000000000000        
      1000001110111111111111111111111100000000000000000000000000000000000000000000000 0000000000000000000000000        
      1110011111111101111111111111111111000111111111111111111111111111110000111111000 0000000000001000000000000        
     0011111111111011111111111111111111111011101010000000110000000100000000000000000 00000000010110000000000001        
        1000011111111111111111111000100000001001111111111111111111111111011010000000000 000000000000000000011            
           1100011110101011111110111111111111101111111111111111111110111111111111111111111 1100000000000                
                1110111111111111111111111111111111101011111111111110001011101111001111111111111 100011001                
                1111111111111111111111110111111111111111111111111111111001111111110111111111011 1110101101111            
               1011111111111111111111111111111111111111111111111111111111111101010001111111111 00111010001111            
               1011111111111111111111111111111111111111111111111111111111111000111110111110111 01011111001              
              1111111111111111111111111111111111111111111111111011111111101111111111111111111 111111111001              
              0111111111111111111111111111111111111111111111111111111111011001111111111111111 111110111001              
             1111111111111111111111111111111111111111111111000011000001111000000101111111011 1010101110001              
             1011111111111110111111111111111111111111111111111111100011111111111110101110111 110111110000                
              10111111111111 111111111111111111111111111111111111111111111111111111111111110000000000001                
               1111111110111100000000001011111111111111111111111111111111111011100010111111100 010000000                
                   1100010000000000000000000001011111111111111111111111111111000000000000000000000 011    
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December 08, 2018, 05:45:07 AM


Merry Christmas Smiley


Thank you very much and Merry Christmas to you as well. How awesome of you! And everyone else who contributed also, even single merits help obviously. Now I suppose a few shitposts and maybe a couple on topic and I can wear my hat this week! Yay! Grin

Your implication seems to be correct that as long as you merely post 12 more posts, that might be sufficient to bring your activity level to the 120 minimum for full member.

However, if your activity level does not go up to at least 120 from 12 more posts by you, then it will in two weeks, when the activity level gets updated again (as long as you make 12 more posts by then)..
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December 08, 2018, 06:12:47 AM

You are up tight sometimes JJ

I'm merely responding.


Well, I understand the question making people feel uncomfortable, but I never said it was realistic , I have stated quite clearly how I see things most likely playing out..

Doesn't opinion change based on what happens, and even if you have a prediction, that is merely what you consider to be probable based on certain facts that are known at the time of the prediction, and those facts could change and then change the probabilities assigned, at least changing facts should change perceived probabilities.

The question in short form would perhaps be more palatable i.e “BTC capitulates more than you think possible- what do you do?” Which I think is an entirely reasonable and realistic question to ask.. more so one I expect everyone that participates in this thread would have thought of.

Probably, you are correct that most people who are active in bitcoin for long enough, more than a year, would already realize that sometimes bitcoin price movements out perform expectations in one direction or another, and so it usually is good to have a plan, but I doubt that everyone has a plan, because sometimes people merely hope that the outperformance does not happen in a way that is counter to their position.


Then that way people could have filled in their own price levels , but I was just adding colour to the scene because amusing

Fair enough..

Likely you already asserted that I am too boring because frequently it becomes more and more difficult to speculate beyond one, two or three legs of what will happen.. even though I am definitely not opposed to anyone who prepares for many legs even though not knowing the order in which they will occur, the intensity or even if they will occur.

Also I picked  the price levels purposely for shock factor for sure ... that was part of the question , capitulation that you are alright with is not capitulation, and is not what I was asking about ?

Some people do plan to hold to zero, but actually going to zero or to some extreme could cause them to change their plan.... You are quite correct about that, even though some people might not even know until they are at that point or might not admit it until after they did such capitulation.  Also, there can be plans that are not quite all or nothing, too, that might not be capitulation but some kind of incrementalism that just takes some value off of the table or perhaps puts more value on the table.

I was specifically asking about what if it does the unexpected... surely that’s not taboo?

No it is not, but there can also be a lot of individual variation that is not just dependent upon facts that you outlined, but could be what is going on in other markets, too and also whether the person is hedged sufficiently.

We are all old enough in this game for sure! Also I did clearly label as ay thought experiment , in my defence.

Fair enough.


Tbh this thread is a perfect place to ask the question

Maybe not perfect, but close enough... you are right that active WO members here are generally pretty open to a variety of BTC price speculations and even other related hypothetical topics that might kind of relate to bitcoin.   Wink

Personally I am bullish long term, but bearish on shorter time frame  -  I see potential for a rally and then a rout as explained in earlier serious posts, if I am honest I have spent a little time since wondering about the scenario myself...

Actually, sometimes, if someone asks me a question, I will ask them to answer first, but I understand that if you are trying to get folks to provide their answers first, then you might not want to suggest answers, but even having had said all of that, the scenario remains quite out there and involves too many other possible facts to answer properly.. and in that regard, likely causes way more work on possible respondents than seems necessary.. but whatever, peeps can still choose to respond.. I have no issue with others choosing to respond.


From a risk reward point of view in all honesty there is only 100% to the downside and there is in my view a easily achievable 1000% to the upside long term.

If you leverage or use margin, those percentages might be thrown off considerably, meaning that you could lose more than the price movement (but of course not more than you bet, though it could be money that you don't have and have NOT prepared adequately to lose).


No brainier.

I think that the some variation of the scenario that you are describing is referred to as pascal's wager.


Coincidentally, it is partly because people are so certain it can’t do the unexpected, and seem to think they have a handle on the bottom  that I asked the question , like I said if everyone is happy then it’s hardly capitulation, and besides I just wanted to see what my OG WO buddies would say in response to the horror scenario.

Seems like there could be better ways to get responses, but of course, you have artistic freedom to make whatever solicitation that you deem warranted.

You guys musta figured I am a pretty dark humoured individual by now 😀

I thought that you took a long break from WO?  But you return for this correction? and excitement?

Didn’t mean to ruffle any feathers thou’

Like hairy mentioned in a subsequent post, nothing wrong with ruffling or attempting to ruffle a few feathers here and there.
VB1001
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December 08, 2018, 06:53:22 AM
Last edit: December 08, 2018, 07:04:52 AM by VB1001

Good morning 3400$ is fine to wake up;)

It is amazing when we have these situations, news, graphics, memes, fud, fomo, of all kinds come out.



Better, this is good, it means that we move forward in the battle.
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December 08, 2018, 07:14:00 AM

I wonder if and when bitcoin price will surpass the page number on the forum.


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