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

[Millionero]

The thing is... What really matters are not ATH but bottoms. I mean, reaching or even surpassing some arbitrary utopian figure like $100K would be awesome but... unless one plans to sell it all/most trying to catch the ATH -which is risky business in itself- what really will count in the long term is how high the bottom afterwards will be.

Why do I say this? Because I think I am starting to delude myself into thinking that the next bottom will be high enough that I won't care about the correction/crash and not having sold at the top. Yes, I am thinking/hoping not only the next ATH is sky high, but the bottom is over the previous ATH ($19K). Something that will probably be the same mistake I did the last couple of times. And I will regret later.

But why am I posting this? I don't know, I am just thinking out loud.

#thelifeofthehodler

I am thinking OUT LOUD too that you are going to regret not selling more  BTC at $250k (or whatever) when the BTC price dips (crashes) back down to $29k or something like that.

It's not easy taking a BIG ASS cut in your networth, even if you are still nearly a millionnaire (after the price dip) with your about 30-ish coins rather than a multi-millionnaire...

It is still going to hurt to have less of a cushion from such a drastic price correction, even if you remain quite (perhaps even something approaching "filthy") rich.

I don't know how each member lives or wanna live or do or....

I would just suggest HODL and when the time is there when you can take the profit to support your life goal etc
Like for probably many a nice house, some stuff, little fiat to support those achievements... Maybe take care of that but not a single coin more should be sold (th written here is already a generous take from the stash imo) and if lucky and it would DIP deep then maybe the spare cash could provide a BTFD to recover the sold coins... This would be the dream scenario

You can harvest gain from volatility with portfolio rebalancing along the lines of Shannon's Demon.
The problem with saying NEVER SELL A SATOSHI comes when the price goes up by an order of magnitude.  You have to sell to get back to a reasonable balance.  Goes back down, you buy to get it in balance again.  The limbic part of your brain should not have a part in this.  Effect is increasing net assets.
Bitcoin is the perfect asset for this.  It's astoundingly volatile.  Don't get whipsawed.  The timeline for this strategy spans many years.

[serveria.com]

where's that jonoiv dude?

he was so sure...condescending even

He lost all credibility.

He lost his HAT.

worst.....

He probably lost his BTC if he had any .....

mic, he said he sold them ALL at $6,000. He was waiting for $2,500 to rebuy. Too bad for him, he should have his hat stripped off him

Edit - Will put RL hat on today. Just out atm, been to the bank to move some money so I can FOMO into the bitch.

Well I wouldn't believe a single word of that troll... I doubt it he had any BTC at all...

[Last of the V8s]

Luncheon today with a doctor friend who knows all the top doctors. One of them he mentioned I looked up, and it turns out I was extremely V8-ish to him at school, and we've never 'caught up' since. 'Catching up' with such fellows entails reminiscing together about riding people too hard, generally being abrasive and hypocritical, and whether or not all that is forgiven. Usually I haven't seen them because I long ago judged them too strait-laced and normal to be ultimately worth dealing with. Then people went on to different colleges, lives just got busy, and one can't catch up with everybody. But everyone I ever really met ends up having their own enlightenment. So I'm in reserve-judgment mode on this chappie, who I now wish I hadn't told just to fuck off quite so many times or quite so forcefully.

[fillippone]

This is what I call überbullish:

Both #Bitcoin S2F growth path (95% R2) and Commodity Stock-to-Flow Line (99.5% R2) point to Bitcoin with S2F100+ and $30trn total market value, after 2024 halving.

https://twitter.com/100trillionusd/status/1139837446861000705?s=21



Also this defines value in HODLING.
No point in selling before another two halving unless absolutely necessary.
Remember that historically market value overshoot theoretical SF value 200%, but never fell below 50%, hence hodling is asymmetrical.

[VB1001]

Today I will prepare the devices that I do not use, 3 graphics cards, 1 Dac HiFi and something else, I believe that with the sale I will receive +/- $ 1,300 that will be used to increase my BTC.
I recommend it, look in drawers, cabinets, storage rooms, garages, sell what is not needed.

All that is not used is an asset that decreases its value every day, selling it is a way to accumulate more BTC.

Very good strategy.
Don't be shy. It was a red dildo?

Lol, I assure you, no, I always tell the truth.

[bitebits]

vroom spent 3 grand on his setup, just to be sure

 

Rollercoaster Tycoon?

[Retina]

vroom spent 3 grand on his setup, just to be sure

 

Rollercoaster Tycoon?

LoL this is driving style pc No nice  I like it.

[Arriemoller]

$8430/btc ...
we now are in the top 10 days of 2019, by price!
edit: actually of the last 10 months, very close to becoming the last 12 months!

 

And I just had to sell a small amount due to a financial fuck up on my part.
So it's going to go up a lot more now I predict.
Hoping to buy back later.

Told you so.

[nikauforest]

I found this cool dollar cost averaging calculator just for Bitcoin.

Good to show friends who have no coins or are afraid to invest. Ugly Old Goat also did a good article about DCA with Bitcoin in Medium.

https://dcabtc.com/

[bitserve]

The thing is... What really matters are not ATH but bottoms. I mean, reaching or even surpassing some arbitrary utopian figure like $100K would be awesome but... unless one plans to sell it all/most trying to catch the ATH -which is risky business in itself- what really will count in the long term is how high the bottom afterwards will be.

Why do I say this? Because I think I am starting to delude myself into thinking that the next bottom will be high enough that I won't care about the correction/crash and not having sold at the top. Yes, I am thinking/hoping not only the next ATH is sky high, but the bottom is over the previous ATH ($19K). Something that will probably be the same mistake I did the last couple of times. And I will regret later.

But why am I posting this? I don't know, I am just thinking out loud.

#thelifeofthehodler

A part answer/question thrown into the ring.


Its good to question your approach and strategy in all things really but it is especially important when dealing with financial instruments of any type. Trying to time or catching tops or bottoms is a dangerous game.

Having goals or definitive targets takes most of these worries away imho. How you structure your DCA or laddering is a purely personal endeavor and should be set up with flexibility in mind.

You should review said plan as often as you feel the need but deviating from your target or goals should only happen in extreme need. In other words, you seem to have a plan and are following it. Stick it out.

Not sure this qualifies as an answer but there you go.

Now...the question.

Port Control is requesting detailed clarification on your capitulation status...for science.    

#GAINZCORP

The biggest flaw of my plan is that what I really would like is not selling, or at least not any substantial amount just because I feel the top is near...  So that means having to stomach a huge correction afterwards. It is always like that and I see no reason to expect differently this time.

I have a lot to think about what I should/will do. There is time....

In regards to my "capitulation" status I got rid of it at around $5K+ IIRC, after I saw the good reaction after the first dip. That was what signaled the change for me. I do think we are in a long term bull market. Other than that I just hodl, as always.

[d_eddie]

Apart from fundamentals (they should go down anyway), it's most likely Binance news.
Hey Bob, do you still want to sell some at 11K?

Well, glad I have no ability to short on Gemini, and not sure what possessed me to consider a small short position. Nice to see the corn growing. Not FOMOing into these prices.

Should have read my post and ignored the scam head and shoulder call by another TA conman. Bitcoin does not play by your rules, Bitcoin makes its own rules.

No, do not plan on selling any corn before 2021-2022 - After the halvening - at which point, will be looking to divest a mil or two, to buy a ranch with Rick.

Excellent plan.

By the way, after laughing silently at the H&S pattern, here's Masterluc latest update.

The right shoulder is too high by now, the pattern is breaking.

So maybe his noncommital "he he he" comment at the Head & Shoulders was just a way to chicken out of any prediction.

[Lauda]

By the way, after laughing silently at the H&S pattern, here's Masterluc latest update.

The right shoulder is too high by now, the pattern is breaking.

So maybe his noncommital "he he he" comment at the Head & Shoulders was just a way to chicken out of any prediction.

I told ya'. The only reason for which that dude was ever correct about anything is because he made an absurd number of predictions.

[d_eddie]

Play money

First person ever to earn a fortune with his playmoney

If it is bitmex, the ROE figure doesn't necessarily mean what one thinks - it's computed including leverage. It's not a multiplier to your position, but only to your posted margin. Still quite good though. It might easily mean 100% on the position, depending on margin strategy.

Congrats Hairy! That's likely beer money for quite some time.  

[d_eddie]

By the way, after laughing silently at the H&S pattern, here's Masterluc latest update.

The right shoulder is too high by now, the pattern is breaking.

So maybe his noncommital "he he he" comment at the Head & Shoulders was just a way to chicken out of any prediction.

I told ya'. The only reason for which that dude was ever correct about anything is because he made an absurd number of predictions.

Well to be fair his first prediction - which gave him the spotlight - was both right and isolated. Only after that did he gain followers and start shooting randomly.

But yeah, you got it right and put my unease back at ease  Luv pretty kittens.

[VB1001]

After reading the article makes you want to buy more BTC, refrain from reading it if you have the trigger easy.

https://grayscale.co/wp-content/uploads/2019/06/Grayscale-Hedging-Global-Liquidity-Risk-with-Bitcoin-June-2019.pdf

I add an appointment for the nocoiners, shitcoiners and trolls.

"In the beginning of a change the patriot is a scarce man, and brave, and hated and scorned.
When his cause succeeds, the timid join him, for then it costs nothing to be a patriot."

Mark Twain

[d_eddie]

This is what I call überbullish:

Both #Bitcoin S2F growth path (95% R2) and Commodity Stock-to-Flow Line (99.5% R2) point to Bitcoin with S2F100+ and $30trn total market value, after 2024 halving.

https://twitter.com/100trillionusd/status/1139837446861000705?s=21



Also this defines value in HODLING.
No point in selling before another two halving unless absolutely necessary.
Remember that historically market value overshoot theoretical SF value 200%, but never fell below 50%, hence hodling is asymmetrical.

Does this analysis take into account the decreasing impact of halvenings as time goes by? I believe 2020 will be the last halvening with macroscopic effects.

[Cryptotourist]

When sodomize the moon?

[kenzawak]

You can troll, during the last cycle NotLambChop posted dozens of old men sucking each others cocks filling a whole page & wasn’t banned.

You can do that ?
Wait...

[Cryptotourist]

I checked......

fuckers

[kenzawak]

I checked......

fuckers