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

[JayJuanGee]

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

There are probably a decent number of people who have invested in bitcoin, yet they live very modest lives - meaning that they do have either luxuries or an ability to really live in an extravagant way that is beyond the average person in their country. 

However, Bitcoin might provide an opportunity that is much beyond the returns of their other investments - which falls in the category of "life changing" wealth.

Accordingly, rather than holding onto ALL BTC, there may be certain points in time that these "normal" mere mortals should exercise some prudence, including cashing out portions of their BTC in order to realize some of the profits - whether or not they later have "opportunities" to buy more BTC at a lower price.

What price point for skimming off some BTC profits is going to vary for many folks - yet part of the point of my earlier post was to suggest that cashing out some BTC in the $100k to $250k range might be quite prudent, and actually, it might be quite prudent for folks to cash out some BTC at prices quite a bit lower than that kind of $100k to $250k price range...

Also, let's attempt to stay real regarding what could actually happen, and there is far from any guarantee that BTC prices will come even close to reaching such astronomical levels - so in that regard, there could be some prudence to be cashing out small amounts of BTC all along, including now, that is if you are in considerable profits... and also depending on your timeline, etc etc etc.

Now if you are just learning about BTC, and just establishing your stake in BTC, then that is a bit of a different story - but those folks who have been in BTC for a while, including the one who I was initially responding to (bitserve) may recognize some value in cashing out some BTC during the next bubble (presuming it comes) and might find that they are overblowing their speculations about NOT feeling "dread" during the next crash (which is almost as certain as anything else in BTC - even though we cannot really know the boundaries without any certainty).

By the way, I already had witnessed a kind of level of dread that bitserve had been expressing during our previous correction - especially when we were in the sub $4k territory to speculate that the mere fact that he might be 10x richer in terms of BTC value during the next BTC price bubble (again presuming it comes) will still likely cause him a decent amount of dread, once again, in spite of being 10x richer in terms of BTC value.

One way to lessen some of the dread is to cash out some comfortable portions, and to learn not to be second-guessing yourself - because it is almost inevitable that the BTC price is going to correct beyond expectations - but that mere inevitability should not justify changing the previously established plan by causing a selling of BTC on the way down (or failing to buy btc on the way down)... because there is no guarantee that if any guys (or gal) either sells BTC on the way down or fails/refuses to buy on the way down will be able to profit from further down (that might not happen).

[El duderino_]

^^
I hope to find some good movie pieces tomorrow or something

[rdbase]

It’s time once again

When we go above $9,000 on Stamp again the first person to post a Vegeta meme in this thread gets $20 beer money from me.

Get ready gentlemen!

Maybe just a peek for now being $8890 as of now but close enough to cause a stir.

[rdbase]

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...

The pics have expired.
Try imgbb they last FOREVER!
And thanks for blocking pm from me dude. Very classy.

[LFC_Bitcoin]

@JJG - I think it’s probably a good idea to sell some under $100,000. Maybe sell a % at a random, odd number because loads of dumb people are going to have sell orders at $100,000 bang on. It’ll probably cause a fairly big correction to $60,000 or $70,000 or something.

You can then buy back cheaper or if not take a MASSIVE profit from selling.

[JayJuanGee]

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.

Shannon's Demon?  You got a link or a better explanation regarding such an approach?  Is this a BTC customized approach?  I will disclose that I have some issues with rebalancing for the mere sake of rebalancing which could take away some BTC profit potentials, but I don't have problems with the rest of what you seem to be saying, here.

[jojo69]

Why's everybody picking on Jonoiv? He can't help it if he's just a silly little bear.

I think you know why Jimbo;  It is fine to be a bear here.  Many of us, myself included, rather expected, or at least entertained the very real possibility of, a retest of the cycle lows.  The difference is being an unmitigated cockbag about it, calling people names and throwing elbows like you are the only one that knows anything.  It smacks of cynical book talking, most distasteful.

There are bears that I am a bit embarrassed about the thread's treatment of, the female presenting member that got sick, Tera was it?, springs to mind, but Jonoiv is certainly  not one of them.

[rdbase]

^^
Are you fucking and looking at WO?

Holy sh*t dude. That looks like theymos https://bitcointalk.org/index.php?topic=5154471.msg51478406#msg51478406
But just like the actor he is older then he would look like in films.

[LFC_Bitcoin]

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...

The pics have expired.
Try imgbb they last FOREVER!
And thanks for blocking pm from me dude. Very classy.

Not sure if serious (sarcasm is tough to get online sometimes). I’ve blocked no PM’s from anybody, just so you know.

One fairly established member messaged me on here the other day though asking me if I knew anybody who can facilitate 500k cash deal for bitcoin’s. Could have been hacked, after giving him a bit of advice I started to ignore his PM’s.

[VB1001]

^^
Are you fucking and looking at WO?

I'll try, synchronizing with the rocket going up, now I tell my wife.

[El duderino_]

Nice to see the corn growing. Not FOMOing into these prices.

TFW I'm thinking of FOMOing into these prices...

Sheeit.

Watch out with those selfies... Keep yourself safe BoB!

One hour t'ill Saturday b00z and dinner time, damn with parent companion from me and my GF

But will be fine, as the wine is being served @ a non stop pass!

Have a good Saturday WO-bro's!

[Dakustaking76]

HOLD YOUR VEGETA READY
TRAIN HARD TO RISE

ALMOST VEGETAAAAAAAAAAA TIME

[Toxic2040]

Well hello there.



the elephant in the room raises trunk and sounds challenge..look out bears

D

#stronghands'19

[Paashaas]

https://coinmetrics.io/charts/#assets=btc_left=activeAddresses_zoom=1545733338693.4673,1560470400000

[RejectedBanana]

Been a while since I've updated this. Bitcoin has established 11 doubling floors since 2012 at a starting price of $2.50. This time period probably captures most of the crowd still hanging around WO. Anyone here still hodling pre-$2.50 corn?

As a permahodler (vs trader), stable price floors are more interesting to me than ATHs. This last doubling floor, from $2.5k to $5k has taken 639 days, a new record, assuming $5k actually holds this time. Been a long time coming, similar to the doubling floor from $80 to $160, which captured an ATH of $1200 and the subsequent Mt. Gox collapse along the way before finally carrying on. From $160 to $320 took another 315 days. It took a full three doubling floor cycles and solid 3+ years before we finally smashed through that late 2013 ATH with a new $1280 floor in mid 2017.

How many days until we are permanently above $10k? And then $20k? The coveted $100k?

Hard to predict with the long lookback time required. How many of us thought $5k was safe in the bag at the start of 2018? We've since had a solid 6 months of sub-$5k prices.

Hodl on!

[jojo69]

https://www.youtube.com/watch?v=aDACorIaxNw

[nutildah]

Go Bitcoin, Go Bitcoin, Go Bitcoin, Go!

[kenzawak]

Go Bitcoin, Go Bitcoin, Go Bitcoin, Go!

100k party preview ?

[JSRAW]

So no girls on dance floor.. huh... 

[LFC_Bitcoin]

Go Bitcoin, Go Bitcoin, Go Bitcoin, Go!

100k party preview ?

Yeah, I’m leaning up the bar trying to act cool though. I hate dancing.

JJG is definitely one of the dancers

So no girls on dance floor.. huh... 

No, they’re all on my D.