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

[pereira4]

hello

I have sold half my coins on the way up, not wanting to go back to so "little" value as before. Now of course it seems stupid to have done that, but catching the top is not my forte. When this bull run started I figured, when my stash is worth a certain amount (one with enough 0s), I'm selling everything but 1 coin.

Now I don't know. On the one end, if such bust and bull runs can still happen, then the logic is to sell at one point yes, but with the goal to buy back later when it will have crashed. I expect I could double my stash at least from doing that.

Then again, maybe it's the last bull run, and once it's down, if I convert from cash to coins again, I will have double the coins, but which will never rise again.

I know some of you have enough coins to play all scenarios, but not me.

When I say the plan was to sell once enough 0s reached, the idea was to get that money out and invest it in something else, probably a mix of real estate and stocks, or just real estate.

Now it seems playing with coins at least a couple years more might be well worth it.

But it's such a wild ride !

Well have fun paying massive tax, being put on on some sort of list, and also get some good lawyers. Biggest reason to hold is that even if your bitcoins are from licit origin, it's a gamble how the government will deal about it.

Also lol at this is the last bullrun.

[infofront]

This is unsustainable. The price will be under $10k before the end of the year, and stay there until Libra takes over. Bitcoin is done. Short bitcoin.

Merited for making me laugh. I'm borrowing the jbreher rule.

[Raja_MBZ]

Bitcoin dominance touching 63%.

Is this a pump or news behind this run?

No fucking idea buddy, there must be something behind this kind of run.

Still wanna sell at 25k ?
You know that's next week, right ?

I want to buy a 2 bedroom apartment in X city centre outright for rental so yeah, I’m going to.
I have plenty of coin for the real business at $100,000

I’m trying to make sure I never have to worry about income again.
I have one apartment that I rent out, I want another one.

The idea is to get a fairly big monthly fiat income so I don’t have to do anything ever again & I can enjoy my real stash.

Sounds great. Good luck with your plans mate!

[Icygreen]

hello

I have sold half my coins on the way up, not wanting to go back to so "little" value as before. Now of course it seems stupid to have done that, but catching the top is not my forte. When this bull run started I figured, when my stash is worth a certain amount (one with enough 0s), I'm selling everything but 1 coin.

Now I don't know. On the one end, if such bust and bull runs can still happen, then the logic is to sell at one point yes, but with the goal to buy back later when it will have crashed. I expect I could double my stash at least from doing that.

Then again, maybe it's the last bull run, and once it's down, if I convert from cash to coins again, I will have double the coins, but which will never rise again.

I know some of you have enough coins to play all scenarios, but not me.

When I say the plan was to sell once enough 0s reached, the idea was to get that money out and invest it in something else, probably a mix of real estate and stocks, or just real estate.

Now it seems playing with coins at least a couple years more might be well worth it.

But it's such a wild ride !

Well have fun paying massive tax, being put on on some sort of list, and also get some good lawyers. Biggest reason to hold is that even if your bitcoins are from licit origin, it's a gamble how the government will deal about it.

Also lol at this is the last bullrun.

I bought back coins this morning (at a higher price than I had sold...) and now the magic number I was thinking about might happen today as things are going.

And I have revised this number once, by computing how much income tax I would have to pay to be good with the taxman, that's about 35% tax, so I added that to the number.

FOMO I can understand, but it's also too many people with lots of money they don't know where else to invest in. I don't know such people, I'm almost the only person I know that owns stocks for example.

This made me laugh. Good on ya. HODL   BTW congrats on becoming hero!

[DireWolfM14]

@Dire sorry bro 

Don't be, I think I'd rather be wrong.  It was only 0.08BTC.  Whoooohoooooo!

[aesma]

Well have fun paying massive tax, being put on on some sort of list, and also get some good lawyers. Biggest reason to hold is that even if your bitcoins are from licit origin, it's a gamble how the government will deal about it.

Also lol at this is the last bullrun.

I'm not too worried about the risk in my country, the worst that can happen is to lose the money, and I can live without it. I'm not interested in living in fear.

It's easy to treat lightly my comment about the last bullrun, but when the price hits a low, then a new low, and that lasts for months, it's very depressing. Last time I had only kept enough cash to pay back all my investments, so that I'm now neutral, but for the next time, I definitely want to have cash in hand.

[g-uid]

few things piss me off worse, smug fucking self serving parasites

You just described 99% of the people on this forum.  People like Marcus of Tel Aviv and Trace Mayer constantly making up outrageously stupid lies about Bitcoin to try and trick people into buying it to enrich themselves like claiming Bitcoin is "tangible".  

Or claiming it's "decentralized" when tokens are non-fungible with transaction validators being designed to centralize making it nothing more than a permissioned ledger, govt tracking and enslavement system.  Or that it removes middlemen when it has built-in, rent seeking middlemen.  Bitcoin has zero fundamentals (except as a govt tracking system) and is complete garbage compared to physical metals

Can you speak more on why Bitcoin is non-fungible? I understand it to be fungible, i.e., my 1BTC is equivalent to your 1BTC and therefore interchangeable for either of us to spend accordingly.

[Last of the V8s]

@Dire sorry bro 

Don't be, I think I'd rather be wrong.  It was only 0.08BTC.  Whoooohoooooo!

Buy back in now on this dip?
Sell tomorrow tonight at 17k !!1

[lightfoot]

Looks like a dumpey dump is in the works. Drat.

Edit: Whoops, NM. Back at 13250.

[aesma]

This made me laugh. Good on ya. HODL   BTW congrats on becoming hero!

Thanks. I became hero just before the change. I post much less now, so no chance to get merit.

I have basically the same idea as LFC_Bitcoin, except I'm guessing he has more coins than me.

[HairyMaclairy]

Is this a pump or news behind this run?

No news.  Only pump. 

[VB1001]

https://blockchainwhispers.com/bitmex-position-calculator/

 

[LFC_Bitcoin]

This made me laugh. Good on ya. HODL   BTW congrats on becoming hero!

Thanks. I became hero just before the change. I post much less now, so no chance to get merit.

I have basically the same idea as LFC_Bitcoin, except I'm guessing he has more coins than me.

It’s all about having a nice fiat income so you can live nicely. The money we make from bitcoin can buy the real stuff, big house, holiday home etc.

I need a % of my bitcoin profits to work for me though - i.e. bring money in. Otherwise no matter how much you have you’re just spending bitcoin to live & I don’t want to do that.

I’ll sell about 6BTC at $25,000.
I’ll sell around 50% of my proper stash at $100,000 & invest that properly to make money.
I will then be in a position I never dreamed of until inheritance which will be a long time hopefully.

I owe bitcoin so much. It’s going to make so many of our dreams come true.

[LFC_Bitcoin]

Is this a pump or news behind this run?

No news.  Only pump. 

HM, what the fuck is going on?
Are we going to hit $50,000 - $100,000 BEFORE the halvening?

[jojo69]

So what is this I hear about horror stories of people making a test transaction out of a large old wallet only to fat finger the unspent change into an incompatible, unspendable address type??

[Ibian]

So what is this I hear about horror stories of people making a test transaction out of a large old wallet only to fat finger the unspent change into an incompatible, unspendable address type??

Segwit continues to remain a mistake.

[VB1001]

Good morningggggggggggggggggggg WO,s 12700

The road is clean up to 13500 or more...

We already reached 13500, here there may be a small profit taking, but the resistance up to 14500 is very thin.

[gentlemand]

So what is this I hear about horror stories of people making a test transaction out of a large old wallet only to fat finger the unspent change into an incompatible, unspendable address type??

Gis some background and context then.

[Globb0]

Someone said it then got help to resolve it with a few steps. Non story?

[gentlemand]

Someone said it then got help to resolve it with a few steps. Non story?

Cool. I'm taking a long flight tomorrow so you've just provided my reading material.



Here's something to ponder - https://old.reddit.com/r/BitcoinMarkets/comments/c5kv7z/daily_discussion_wednesday_june_26_2019/es3rptd/

https://old.reddit.com/r/BitcoinMarkets/comments/c5kv7z/daily_discussion_wednesday_june_26_2019/es3s3az/

'What is the best way to shake me out of my coins, 30% corrections (been through those last cycle, am conditioned), OR raise the price in unsustainable fashion where I am conditioned that I will be able to buy back in later after a correction?'