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

[JayJuanGee]

If you sell your coins before you make at least 10x, you are doing it wrong.

It is not worth the risk only to make %30-50.

Even %100 is no good. (Though it is a safe bet)

Tell them "%1000 or gtfo!"

Yes, it is perfect. And that's why I won't sell my holding BTC.

but I would be worried about any plan that only involves holding until $20k, but that might just be me and my current way of thinking about the whole bitcoin situation.

As I am not a trader I will not buy and sell. I will buy and hold. I will try to buy as much as possible (which I can take a risk)

I understand that mindset, especially when you consider yourself to be in a BTC accumulation phase, which I understand could last for a very long time, especially, if you feel that you have not acquired a lot of BTC in order to achieve your personal goals/targets.

So, based on what you are saying, you bought some BTC in the $17k price arena, and is it fair for me to assume that you have bought some more BTC below $17k (like for example at some price points between $3122 and $17k)?

If you bought at $17k, and you have not bought anymore BTC because you are waiting for the BTC price to go lower, then that would be a very interesting situation that I have heard about in theory, but I have never seen any case in which someone has asserted that something like that is their actual situation - noting that we are in about a 80% BTC price correction arena, currently.

I'm actually considering taking up a job for some 6-12 months now that I've automated a good portion of my trading. Could throw off several dozen extra coins if we stay in this range...

Yes.  One thing is having a set of BTC accumulation targets and a tentative plan for achieving "fuck you" status, and another thing is realizing that there exists a kind of BTC price dynamics that might cause greater abilities to accumulate more BTC and therefore increasing the likelihood of reaching preconceived targets and/or reaching such targets sooner.

[1714039493]

1714039493

[JayJuanGee]

Try and make some sense old chap.

Thingies b call words inside dee interwebs make many much moars senses when jotted down w/ boldies.  BIGGIE helpses 2.   

[Toxic2040]

https://twitter.com/NatGeo/status/1108390352896081921
not snek but woym
This particular cosmic coincidence, known as a “super worm moon” won't come again until 2030

searching for a wyrm is fraught with many possible outcomes but is usually quite exciting

[Last of the V8s]

https://twitter.com/jack/status/1108487927078674432
Are you currently contributing to bitcoin-core or other crypto ecosystem projects for free in your off-time? We’d like to pay you to do it full-time. If interested, DM @SqCrypto, and follow for updates on our progress. Thank you!

[Lambie Slayer]

Something Pumpeth this way comes. 

[Toxic2040]

https://twitter.com/jack/status/1108487927078674432
Are you currently contributing to bitcoin-core or other crypto ecosystem projects for free in your off-time? We’d like to pay you to do it full-time. If interested, DM @SqCrypto, and follow for updates on our progress. Thank you!

+2 WOsMerits

I can hardly wipe this grin off my face seeing @jack onboard. I did have to send him a tweet about the whole core thing though...lol.

[Last of the V8s]

^yeah thought he was a maximalist. he probably does know lol

meanwhile the worm has turned.

[ivomm]

or your hope to buy coins in the sub $3,700s because we might not return there ever again

I am not a short term trader. I am holding BTC from when BTC was 17k. Still holding and will hold long more time if there is no sudden problem happen. I am still collecting more btc. It is not an issue what a price now. I wish it will hike again and will hold till then. I won't sell my BTC before reaching 20k.

In few years $20K will look like a small amount so make your goal high and be a real crypto holder than.

You are reaching near your Sr.member rank,I will help you for that with the last smerit I have.Hope you will find remaining 3 of those soon.

It is so refreshing to see such posts instead of the common shorters FUD like "Oh, no, we are going down, I am selling...". In fact these trolls are gambling with short positions and hope that their posts will influence some newbies that come and read this famous thread for a trading advice. And why should anyone listen to a short term trading advices anyway? Bitcoin for sure is here to stay and with the years its price will grow one way or another. If once some ATH is reached, then it will be revisited again for sure, because first, the inflation rate is really low, and second, on every 4 years there is a halvening. And when Bitcoin hits $20K again, one may try to gamble and sell some assuming that the price will dump temporarily and rebuy lower. I admit that I've been thinking over it, but who knows what the drop will be -10%, 20%, or more? Will it be worth to risk for 10% premium, while one can simply wait more. What if the price doesn't drop but goes much higher and the future drops are near or even above 20K? So, I think the most safe thing is to hodl until there is a need or a strong desire to pay for something useful with part of the stash like house, car, college for the kids, etc. And after the purchase, any proper opportunity to recover the stash should be used. If only all people were thinking like that, we could have avoided all these idiotic crashes. But that's impossible of course. There will always be manipulators, shorters, 1% daily traders, etc. The good news is that the hodlers always prevail and this is what moves the price upward.

[Lambie Slayer]

Hodlers ask for pump
Bull Market replies how high?
Hodlers are grateful

[Toxic2040]

^yeah thought he was a maximalist. he probably does know lol

meanwhile the worm has turned.

I wonder if they have any opening for sh*tposters...   

[btcbeliever]

... So, I think the most safe thing is to hodl until there is a need or a strong desire to pay for something useful with part of the stash like house, car, college for the kids, etc. And after the purchase, any proper opportunity to recover the stash should be used. If only all people were thinking like that, we could have avoided all these idiotic crashes. ...

in my opinion the most safe thing is to diversify when extreme fomo takes hold, when bitcoin looks historically overvalued, to sell maybe half, and purchase another kind of asset.  If you can sell anywhere near the top, with a 70-85% drop coming afterwards, it's really foolish to hold.  I've held through 2 big crashes, having bought in early 2013.  It's much better to sell high than to sell 'when you want to pay for something'.  Keep your portfolio diversified in different assets.  There's no guarantee with any investment, including bitcoin.   On this next anticipated runup, I hope to follow my own advice better.

[Tzupy]

...
Trading view has monthly...

https://www.tradingview.com/chart/?symbol=BITSTAMP:BTCUSD#

Thank you, I forgot to check tradingview. Here is a monthly chart for MACD, MFI and CCI:

But is that chart telling "us" anything meaningful about BTC's price future  (besides the long-term UP that "we" already presume)? 

That chart can't really tell "us" anything meaningful, but... just to me... (you might hate this  )
It suggests that we are in a correction of a larger order, like we already had a historical V, and right now it's historical (end-of-)A or historical B.
If we are in historical B, then later this year, the market could top at 10k$ - 12k$, followed by C (another ~3 years of bear market, down to ~1,500$).

[Last of the V8s]

^yeah thought he was a maximalist. he probably does know lol

meanwhile the worm has turned.

I wonder if they have any opening for sh*tposters...   

I have no idea what you are talking about

meanwhile supermoons as recharging events. the worm is coming out of the ground.

[600watt]

https://twitter.com/jack/status/1108487927078674432
Are you currently contributing to bitcoin-core or other crypto ecosystem projects for free in your off-time? We’d like to pay you to do it full-time. If interested, DM @SqCrypto, and follow for updates on our progress. Thank you!

sounds very generous. would be interesting to follow.

[ivomm]

... So, I think the most safe thing is to hodl until there is a need or a strong desire to pay for something useful with part of the stash like house, car, college for the kids, etc. And after the purchase, any proper opportunity to recover the stash should be used. If only all people were thinking like that, we could have avoided all these idiotic crashes. ...

in my opinion the most safe thing is to diversify when extreme fomo takes hold, when bitcoin looks historically overvalued, to sell maybe half, and purchase another kind of asset.  If you can sell anywhere near the top, with a 70-85% drop coming afterwards, it's really foolish to hold.  I've held through 2 big crashes, having bought in early 2013.  It's much better to sell high than to sell 'when you want to pay for something'.  Keep your portfolio diversified in different assets.  There's no guarantee with any investment, including bitcoin.   On this next anticipated runup, I hope to follow my own advice better.

It sounds like a perfect plan, except a little tiny itsy bitsy detail: Do you know what the top will be with an 100% certainty? Unless you have a time machine, I doubt it. In early 2017 the top was almost certain to be $1000, 3 months later $3000, then ... you know the drill. I got burned by that logic 5 times in 2017. If I was just holding, now after all crashes, I should have had 4 times more bitcoins than I am having now. In reality, if you sell with the hope of 80% gains, you will certainly sell at least 10% below the top, and if you got the luck to nail the momentary dip, you could get like 20-30% tops. And that, if you are extremely lucky! Besides, there is a risk leaving fiat on exchanges and 10-40% taxes if you withdraw to the bank account. So, I prefer to hodl in all the coming crashes. Bring it on, baby!

[Toxic2040]

^yeah thought he was a maximalist. he probably does know lol

meanwhile the worm has turned.

I wonder if they have any opening for sh*tposters...   

I have no idea what you are talking about

meanwhile supermoons as recharging events. the worm is coming out of the ground.

It surely wasent you.  Hah!  I was implying myself except for the fact I am already twice retired...now I am just tired.    ...and dont call me surely.

[Last of the V8s]

how dare you call me not a shitposter? i came out of retirement just for this! you're not a shitposter! so hah!

[Raja_MBZ]

https://twitter.com/jack/status/1108487927078674432
Are you currently contributing to bitcoin-core or other crypto ecosystem projects for free in your off-time? We’d like to pay you to do it full-time. If interested, DM @SqCrypto, and follow for updates on our progress. Thank you!

[JayJuanGee]

...
Trading view has monthly...

https://www.tradingview.com/chart/?symbol=BITSTAMP:BTCUSD#

Thank you, I forgot to check tradingview. Here is a monthly chart for MACD, MFI and CCI:

But is that chart telling "us" anything meaningful about BTC's price future  (besides the long-term UP that "we" already presume)?  

That chart can't really tell "us" anything meaningful, but... just to me... (you might hate this   )
It suggests that we are in a correction of a larger order, like we already had a historical V, and right now it's historical (end-of-)A or historical B.
If we are in historical B, then later this year, the market could top at 10k$ - 12k$, followed by C (another ~3 years of bear market, down to ~1,500$).

hahahahaha... I don't exactly hate it, but I could call it "interesting" "mumbo jumbo"... so you gave the scenario for if "we" happen to be in an "historical B," which does not sound like a very good scenario, especially because such scenario results in prolonged prices lower than today's prices and also lower than the already December low of $3,122,  but what if "we" happen to be in a "historical A" instead of an "historical B," then what should we expect (not that I should believe any of this chart woo woo )?

By the way, does your "historical A" and "historical B" discussion points account for BTC's likely ongoing s-curve adoption? which likely results in exponential price rises through adoption? or do your "historical A" / "B" scenarios assume a certain level of BTC market maturity?

[Toxic2040]

how dare you call me not a shitposter? i came out of retirement just for this! you're not a shitposter! so hah!

reverse psychology gets em every time


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1h


4h

#stronghands'19