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

[JayJuanGee]

Don’t ever underestimate the power of greed. Those who bought and are holding at ranges 13-20k had the mindset of selling to recoup or even break even once price reaches those price points again. i have a feeling many of these peoples mindset will revert back to their pre purchase mentality. Hop on board and hodl as the eco system has changed and more belief in btc has come into fruition.

Those who bought in the ranges of 13k and above must have sold their bitcoins in loss. There might be very few people who have such a holding power and a mental strength to hold the coins for over a year and still not panic seeing bitcoin moving down to 3000$.

I have a workmate so stupid he bought at 13k, has been holding all this time and tell everybody he will sell as soon as price is back to what he payed. Everyday he curses me aloud for suggesting him to buy BTC back in 2017, and gets triggered when I ask him why selling for the same price after an year if the odds now are that he can make at least some profit. He became a BTC hater.

Hahahaha

sounds like a dipshit to me, and a bit of a unicorn, at least in the sense that: 1) fails/refuses to take responsibility for his own decision and 2) failed to have (or later create) a plan, other than exiting, for anything other than immediate UP.

He's the average Get Rich Quick loser...

He'll be cursing 10 times more when the price crosses $50k.

I believe we all (ok not all, but let's say many) were that guy at some point. I know I used to be him when I first met bitcoin in 2013. Telling the exact same lines to myself: "I swear I'll leave this thing when I reach my entry price." And I did, for a long time Till the early 2017.

It was a mistake obviously. It was a mistake because he (and I) invested in something we don't know and neither spent enough time to understand it. A common mistake for many.

Now I can hodl more than 40% of my net worth in bitcoin without blinking. Some people here are even more brave and hodl 90%+ though I am not sure how healthy this is.

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.

[becoin]

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.

[HouseStark]

Another triangle breakout.

No resistance untill $15 - $16k.

on my chart we are at resistance right now.   (Feb 2018 highs)

yeah I've seen many charts saying so but it seems Bitcoin is disrespecting all them resistance. There isn't any major resistance as at now...let's wait for how this new fresh breakout will play out. It'll give a clearer view on the resistance else, the more we get close to the moon.

[CryptoNeed]

Whelp...mostly successful.

The center booster experienced a rapid unscheduled disassembly it appears.

Otherwise a outstanding mission. wtg SpaceX

Just watched the livestream. "Of cause I still love you" got me. 

[Lauda]

Lol, I will sell all my Bitcoin if it reaches $20,000, then wait for months to buy it back around 40% below $20,000. This way will help me to enrich my Bitcoin and I will hold them for months till the halving or later to take profits.

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

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.

On the contrary, real FOMO starts at $20k.

Correct.

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.

Depends on your preferences. Big purchases with Bitcoin would be great. Day-to-day stuff only if it requires no accounts or data.

[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?