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

[Toxic2040]

Ok, I’m going to sell 15% at $25,000. JJG, you’ll be happy to know I’ve perfected my plan now in theory.

Way too much way too early. 1% maybe at $100k. Maybe.

You don't have to sell any bitcoins. By the time we reach that level of exchange rate all important products and services will be priced in bitcoins (sats). You'll purchase them directly with sats anyway.

this ^    tried but true

+1 WOsMerit

[kurious]

Woke up with a familiar tune in my head - not sure the lyrics are quite right

Bitcoin mooning in the dead of night...

[thd26bct]

You will end up praying that the crash from $70-$100k takes us back below $20k to buy back in. We're at $11k with next-to-zero FOMO.

LOL, I think people already FOMOed with bitcoin, around $11,000. Nearly 7 months of bull run, that is too long and bitcoin has gone very far from its start. I could be wrong but I will keep my principle to stay away from FOMO, and keep my patience to be safe and have better chances. Months ago, no one believed that bitcoin would even drop to $6,000, but it actually dropped deeper than that range. From now on, I will keep waiting (taking profits of rest of my bitcoin, and waiting for chances to buy back).

[Lauda]

You will end up praying that the crash from $70-$100k takes us back below $20k to buy back in. We're at $11k with next-to-zero FOMO.

LOL, I think people already FOMOed with bitcoin, around $11,000. Nearly 7 months of bull run, that is too long and bitcoin has gone very far from its start. I could be wrong but I will keep my principle to stay away from FOMO, and keep my patience to be safe and have better chances. Months ago, no one believed that bitcoin would even drop to $6,000, but it actually dropped deeper than that range. From now on, I will keep waiting (taking profits of rest of my bitcoin, and waiting for chances to buy back).

Google Trends proves that you claim is incorrect. This one is due to (small sample of) institutional investors mostly (Fidelity et. al.). Taking profits into dirty FIAT is just wrong.

[Toxic2040]

Woke up with a familiar tune in my head - not sure the lyrics are quite right

Bitcoin mooning in the dead of night...

take these broken wings and learn to fly...

[kurious]

You will end up praying that the crash from $70-$100k takes us back below $20k to buy back in. We're at $11k with next-to-zero FOMO.

LOL, I think people already FOMOed with bitcoin, around $11,000. Nearly 7 months of bull run, that is too long and bitcoin has gone very far from its start. I could be wrong but I will keep my principle to stay away from FOMO, and keep my patience to be safe and have better chances. Months ago, no one believed that bitcoin would even drop to $6,000, but it actually dropped deeper than that range. From now on, I will keep waiting (taking profits of rest of my bitcoin, and waiting for chances to buy back).

Selling the rest - like ALL?   At 20K!

Don't tell me, you will invest in PMs, right..? Another bitter hater will be born - honestly: don't go full retard.  Please.

[kurious]

Woke up with a familiar tune in my head - not sure the lyrics are quite right

Bitcoin mooning in the dead of night...

take these broken wings and learn to fly...

All your life
You were only waiting for this moment to arise

[becoin]

From now on, I will keep waiting (taking profits of rest of my bitcoin, and waiting for chances to buy back).

Please, take your bitcoin profits asap! Too many people are waiting to enter bitcoin and the queue is growing every day. Your donation will be highly appreciated.

[Syke]

LOL, I think people already FOMOed with bitcoin, around $11,000. Nearly 7 months of bull run, that is too long and bitcoin has gone very far from its start. I could be wrong but I will keep my principle to stay away from FOMO, and keep my patience to be safe and have better chances. Months ago, no one believed that bitcoin would even drop to $6,000, but it actually dropped deeper than that range. From now on, I will keep waiting (taking profits of rest of my bitcoin, and waiting for chances to buy back).

Current bull run is more like 3 months. There's plenty of fuel left in the rockets.

[marcus_of_augustus]

so much this ... hodling out for when we can exchange corn for cars, houses, factories, farms, wimmin 

[Toxic2040]

From now on, I will keep waiting (taking profits of rest of my bitcoin, and waiting for chances to buy back).

----------

Blackbird fly...into the light of the dark black night

[marcus_of_augustus]

15k incoming and then plateau for 6-8 months? 

[mindrust]

I know that situations are going to vary, but there are a lot of folks, including myself, that invested in the 10% to 15% of our value into bitcoin, but we only got to really high numbers, such as 90% of our wealth in bitcoin, due to appreciation, not because we initially put that much of a ratio of our money into bitcoin.

Personally, I would not invest more than 15% or 20% depending on circumstances, but I don't have a problem to keep a disproportionately high amount into bitcoin (without feeling compelled to reallocate) so long as the amount in came from BTC appreciation and my other expenses and even a decent life is already covered by my other investments and/or cashflow is already decently set from other assets/resources.

Makes sense.

This is also what I did.  I originally invested  %20 of my total net worth and It is growing in time as bitcoin grows. I would be at %90 if I started DCA'ing in 2015 probably.

[JimboToronto]

From now on, I will keep waiting (taking profits of rest of my bitcoin, and waiting for chances to buy back).

Never go full retard.

[Toxic2040]

so much this ... hodling out for when we can exchange corn for cars, houses, factories, farms, wimmin 

-snip-

15k incoming and then plateau for 6-8 months?  

[LFC_Bitcoin]

Ok, I’m going to sell 15% at $25,000. JJG, you’ll be happy to know I’ve perfected my plan now in theory.

Way too much way too early. 1% maybe at $100k. Maybe.

I think we’ll see $100,000 per BTC in 2021 (mid to end of the year). It’d just be nice to take something off the table a bit earlier. I was a millionaire (GBP) in unrealised/unbanked BTC during the last bull run & I sold nothing.

The drop to $3,000 was gut wrenching, I thought I’d ruined my life by selling nothing near the top.

I’m not going to make that mistake again this time. I know everything points to us breaking 6 figures (USD) per coin on this cycle but I want some insurance against a potential crash.

I’ll be selling 15% at or near $25,000.

[kurious]

I have always worked for myself and still have a small company.

One of the guys has worked for me for nearly 20 years, but he has always opted out of the pension scheme 'waste of money - everyone in my family died before they reached pension age' he said.

He rents an apartment, and what worries me is that when he retires (he's in his mid 40's), he just won't be able to afford to keep paying rent on a state pension.  He told me - 'I am saving, but I can't see how I will ever save up enough - prices keep going up, but my savings are climbing too slowly'.

Last year was a struggle - but we had a big contract in late in the year.  I said "If you can help me get this delivered before the end of the year, I will give you a bonus in January."

He did it.  I then said, I want to give the bonus to you in Bitcoin, but you have to hold it for at least a year.  If it has not gone up in that time, I will simply give you the cash instead - if it does - you just might be able to actually afford that deposit on a place of your own.

The bonus was around $6000 (in my currency) and the company bought him the BTC in Jan.

At this rate - he is well on his way to what will be a very positive change in his circumstances.  

This will be huge in terms of his outlook; THIS is the transformative power of Bitcoin.

I am so happy I was able to do this. Thank you, Bitcoin.

[olseh]

I have always worked for myself and still have a small company.

One of the guys has worked for me for nearly 20 years, but he has always opted out of the pension scheme 'waste of money - everyone in my family died before they reached pension age' he said.

He rents an apartment, and what worries me is that when he retires (he's in his mid 40's), he just won't be able to afford to keep paying rent on a state pension.  He told me - 'I am saving, but I can't see how I will ever save up enough - prices keep going up, but my savings are climbing too slowly'.

Last year was a struggle - but we had a big contract in late in the year.  I said "If you can help me get this delivered before the end of the year, I will give you a bonus in January."

He did it.  I then said, I want to give the bonus to you in Bitcoin, but you have to hold it for at least a year.  If it has not gone up in that time, I will simply give you the cash instead - if it does - you just might be able to actually afford that deposit on a place of your own.

The bonus was around $6000 (in my currency) and the company bought him the BTC in Jan.

At this rate - he is well on his way to what will be a very positive change in his circumstances.  

This will be huge in terms of his outlook; THIS is the transformative power of Bitcoin.

I am so happy I was able to do this. Thank you, Bitcoin.

Wow that's great stuff man, good on you!

[mindrust]

Ok, I’m going to sell 15% at $25,000. JJG, you’ll be happy to know I’ve perfected my plan now in theory.

Way too much way too early. 1% maybe at $100k. Maybe.

I think we’ll see $100,000 per BTC in 2021 (mid to end of the year). It’d just be nice to take something off the table a bit earlier. I was a millionaire (GBP) in unrealised/unbanked BTC during the last bull run & I sold nothing.

The drop to $3,000 was gut wrenching, I thought I’d ruined my life by selling nothing near the top.

I’m not going to make that mistake again this time. I know everything points to us breaking 6 figures (USD) per coin on this cycle but I want some insurance against a potential crash.

I’ll be selling 15% at or near $25,000.

You carried this long enough bruh. Took the risk and carried it during all those years while many like me were afraid.

Life is passing away very fast. We all need to enjoy stuff before our dicks give their last breath away.

%15 for $25k don't sound bad. I say do it.

[Cassius]

You will end up praying that the crash from $70-$100k takes us back below $20k to buy back in. We're at $11k with next-to-zero FOMO.

LOL, I think people already FOMOed with bitcoin, around $11,000. Nearly 7 months of bull run, that is too long and bitcoin has gone very far from its start. I could be wrong but I will keep my principle to stay away from FOMO, and keep my patience to be safe and have better chances. Months ago, no one believed that bitcoin would even drop to $6,000, but it actually dropped deeper than that range. From now on, I will keep waiting (taking profits of rest of my bitcoin, and waiting for chances to buy back).

Google Trends proves that you claim is incorrect. This one is due to (small sample of) institutional investors mostly (Fidelity et. al.). Taking profits into dirty FIAT is just wrong.

Google Trends and data on wallet sizes. Very little retail interest so far - it's mainly big holders who have accumulated.
Even when BTC broke $10k we saw little mainstream media interest. In 2017 the BBC and just about every other major news site ran daily articles on crypto. Almost nothing this time. I guess they still feel burned by last time.
It's starting to change, but only just getting going now.