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

[JayJuanGee]

I am afraid dear hodlers, that soon we will have a big problem! No, I am not talking about a crash! I am talking about going above 10K. Last time some of us (like me) didn't sell anything, but what will you do, when we hit 15K-ish zone again? I am just curious (this may be kinda of a new poll), if you have any strategy? Hodl all, sell 1/3, sell 1/2, sell all, or other. I am pumping up myself to hodl everything until I reach the right amount for a nice beach villa, new car and savings equivalent to my salary before my retirement after 20 years.  Hopefully the property will be paid with BTC, so I may not sell BTC at all   So far, I have only one strategy for BTC:

There should be no problem with any strategy that continues to shave off small amounts of Bitcoin all the way up to $20k.. and maybe even considering proceeds from those sales as insurance to buy back on the way back down, if the price goes down.  I use something in the territory of 1% for every 10% price rise, and variations of that can work.

I do recognize a kind of phenomenon that tweaks down could be made around the $20k territory because once we get that close (assuming so), then there becomes a real decently increased likelihood that the price will shoot well past the previous ATH.  30% past?  50% past?  100% past?  There are going to be corrections along the way, but sometimes when the price is shooting up, any person might not be able to figure out when the price is going to pause in its upwards trajectory and even with small sell amounts along the way, feel as if s/he is selling too much because the price just keeps going up... but then likely the same person will thank himself/herself for selling along the way when the price suddenly and unexpectedly stops going up and gets into a 10%, 20%, 50% correction phase that could last several weeks before resuming UP.

but what will you do, when we hit 15K-ish zone again? I am just curious (this may be kinda of a new poll), if you have any strategy? Hodl all, sell 1/3, sell 1/2, sell all, or other.

The baseline doesn't change. Sell X coins every Y increase in price, buy X coins every Y decrease in price. When the bankroll starts getting small, change the buys to X-epsilon.

Of course, this can be modified by bulk sells to fund interesting things. I'm likely to sell a couple percent when it gets to $25k or $50k or somesuch.

But mostly hodl. Always be hodling. You don't want to feel like a chump when it 10x's from your exit point, and you ain't got nothing but a semi-big pile of stinky fiat.

Yes...  Thanks for that jbreher.. You have provided a good and succinct way of describing a sound and prudent long-term BTC guidance strategy that helps any of us to make sure that we are reasonably accumulating BTC and preparing for BTC price volatility that is not only expected but in the territory of inevitable.  

[JayJuanGee]

Don't know what you're on about there LFC bro, I cannot wear my brand new hat! Yet.
I have to wait until tonight - I think.
Can someone confirm this?

Else I will have to take it up to the management.

Yeah... of course.. activity level of 120 for full membership which an extra 14 will bring you over to 126 activity.. .. .should be coming within the next 24 hours....,.. around midnight UTC might be about correct..

yes yes tonight 22:20
then wait for next refresh

then stop being so irritating

What V8 said.    

[El duderino_]

The morning should start with the right coffee 

Do you personally have one of those kinds of customizable coffee makers too?  or did you go to a coffee shop or find the image on the interwebs?  Mic has access to one of those machines, but no one has yet explained how they work in the real world including if the coffee shops just charge an extra fee for such service or they make those potentially customizable images for free  (like hats, but the hats are surely more understandably done through knowledge, creativity and playing around with photoshop features).

When i order one i can upload an image through Qr code and it costs a little extra
Like 1€ i think.....
But the coffee looks better that way
Going smoother inside etc....
And its just something funny ( most of times the coffee maker doesn’t understand my images)
Regulars are Mickey mouse etc

[infofront]

First U.S. Pension Funds Take the Plunge on Crypto Investing.

https://www.bloomberg.com/news/articles/2019-02-12/first-u-s-pension-funds-take-the-plunge-on-crypto-investing

Mostly speculative equity investing.

"The fund will also hold a small percentage of its value in liquid cryptocurrencies, such as Bitcoin"

A small percentage of $40M is nothing.

"Just the tip"

[JayJuanGee]

Wouldn't surprise me in the slightest if BCH pumps harder during the next bull run.  Doesn't take a genius to know that the alts pump a lot harder during bullruns.

Doesn't take a genius to know that something with a low-ass market cap, and low liquidity is a lot less expensive to pump than something that is spread out more with a higher market cap (such as bitcoin).  Accordingly a lot of that shit is going to pump, but does not justify investing into it (unless you are ready, willing and able to strategize your exit so you don't get screwed).

[JayJuanGee]

The morning should start with the right coffee  

Do you personally have one of those kinds of customizable coffee makers too?  or did you go to a coffee shop or find the image on the interwebs?  Mic has access to one of those machines, but no one has yet explained how they work in the real world including if the coffee shops just charge an extra fee for such service or they make those potentially customizable images for free  (like hats, but the hats are surely more understandably done through knowledge, creativity and playing around with photoshop features).

When i order one i can upload an image through Qr code and it costs a little extra
Like 1€ i think.....
But the coffee looks better that way
Going smoother inside etc....
And its just something funny ( most of times the coffee maker doesn’t understand my images)
Regulars are Mickey mouse etc

Thanks for the explanation .. it does take a bit away from my "micteam" thesis...

By the way, on a quasi-related note:  I like that idea of a new anti-nick.., nick that you dropped there, mic.... which goes something like this:  Mic might be a peep and he might be a team and he might be a temporary mcdo worker, but he is no mickey mouse...        

[vroom]

what's going on with the mempool? the duration of this high number of unconfirmed transactions looks like a 2 1/2 months high.

https://jochen-hoenicke.de/queue/#0,all
nothing.is.going.on.with.the.memepool

edit woops nor the mempool

you must zoom in it looks now more busy then the two months before.

https://jochen-hoenicke.de/queue/#0,30d

ok she's a tiny bit thicc, but wake me up when she's obese

I don't want to wake you up, but mempool is still growing

[infofront]

Wouldn't surprise me in the slightest if BCH pumps harder during the next bull run.  Doesn't take a genius to know that the alts pump a lot harder during bullruns.

Doesn't take a genius to know that something with a low-ass market cap, and low liquidity is a lot less expensive to pump than something that is spread out more with a higher market cap (such as bitcoin).  Accordingly a lot of that shit is going to pump, but does not justify investing into it (unless you are ready, willing and able to strategize your exit so you don't get screwed).

It sounds like it's going to be another shit fork.

I'm all for free money, but moving cold storage BTC around is a PITA. With Dick Heart backing the project, it could pump enough to make it worthwhile. OTOH, he's kind of irrelevant now.

[Last of the V8s]

https://twitter.com/MitchAirey/status/1094983635839696901
https://medium.com/coinmonks/quadrigacx-was-never-legitimate-e17c98d6c46f

https://twitter.com/ExkrementKoin/status/1095074443074961409
Like other forex and binary options scammers, Quadriga directed some of its customers to deposit money into "Valoris HK Ltd.," at Bank Pekao in Warsaw, Poland.

six geen bottles hanging on the wall ♪

[wachtwoord]

First U.S. Pension Funds Take the Plunge on Crypto Investing.

https://www.bloomberg.com/news/articles/2019-02-12/first-u-s-pension-funds-take-the-plunge-on-crypto-investing

Mostly speculative equity investing.

"The fund will also hold a small percentage of its value in liquid cryptocurrencies, such as Bitcoin"

A small percentage of $40M is nothing.

"Just the tip"

I mostly don't like calling speculative equity investing a crypto fund. Then the stupid businesses fail and it's blamed on Bitcoin. Same thing happened with the ICO's. If you buy an ICO you deserve to lose all your money. It has nothing to do with Bitcoin.

[Last of the V8s]

what's going on with the mempool? the duration of this high number of unconfirmed transactions looks like a 2 1/2 months high.

https://jochen-hoenicke.de/queue/#0,all
nothing.is.going.on.with.the.memepool
edit woops nor the mempool

you must zoom in it looks now more busy then the two months before.
https://jochen-hoenicke.de/queue/#0,30d

ok she's a tiny bit thicc, but wake me up when she's obese

I don't want to wake you up, but mempool is still growing

[infofront]

https://twitter.com/davthewave/status/1095180109630173185

[ðºÞæ]

Just when you think FUD in crypto space cant get worse, new crap pops up.
All of a sudden the xrp scam is worth half as much as BTC and more than double marketcap of ETH
Calculation is based on total coins, so you free to figure out what will happen with only 16.5% of bitcoin to mine and 40% of junk to come.
Real Bitcoin is also quickly found or more correctly not found as blatantly ignored.  
https://www.forbescrypto.com/crypto

[Get-Paid.com]

Brexit should definitely have an impact on the price of Bitcoin and the BTC/USD - but my inner guts tell me the price of GBP/USD will go up the sooner we get to the brexit date, this is how the manipulated markets work.

[El duderino_]

Dildo dildo dildo dildo
Weeeeeee

[BTCMILLIONAIRE]

I sense a disturbance in my pants.

Titanium plates prepare you must.

[LFC_Bitcoin]

Dildo dildo dildo dildo
Weeeeeee

Dildo
Dildo
Dildo

Did you ever see this mic?
On the last day of the January football transfer window Sky Sports used to have journalists at every Premier League stadium to try & get news.
Any way outside Everton some fans sneaked in & did this on live TV

https://giphy.com/gifs/gets-reporter-13C9eBJtQGNSEw

[El duderino_]

I have a decission to make....

1 go to McDo for night shift

2 skip work call in sick and watch champions league

3 go eat something, be on the WO and take the late movie to watch ALITA

?? IRL serious struggles

[Last of the V8s]

https://cryptoinsider.com/on-reducing-the-bitcoin-block-size-to-300kb/

[Ibian]

https://cryptoinsider.com/on-reducing-the-bitcoin-block-size-to-300kb/

Heresy.

Frankly, I don't care if miners are sick of the data they have to store. It doesn't make any practical difference to them. Whatever size we use or change it to, top miners will remain top miners and shit miners will remain shit miners.

Where it does make a difference is to everyone else. Nobody wants high fees, except miners. And only those short sighted, on the long term the smaller the fees the more people will get into bitcoin. Time to kill this sick dog of an idea.