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

[fillippone]

A good opsec security is just a part of the equation trying to avoiding crimes involving crypto’s happens to you:

Norwegian bitcoin millionaire jumped down 2 stories from his balcony after man with shotgun broke in to his house. This is why you never tell anyone you own BTC

https://twitter.com/redditbtc/status/1170809574607249409?s=21

This is my suggestion.
Fillippone, your fellow Mexican WO pal.
Going to a trekking in Yucatàn trying to forget the fact I just lost my private keys in a boating accident!


EDIT: for the few of you who do not speak norvegian:
https://cointelegraph.com/news/norweigan-bitcoin-millionaire-jumps-from-balcony-to-flee-armed-burglar

[Phil_S]

Haven't really made my mind about it but for now I am planning to dump %15-20 of my stash for every $10k increment starting from $50k and make the final blow at $100k.

Also I'll buy back every piece I dumped if the price goes $10k lower from where I sell the coins.

For example;

Sold %20 @ $50k. Now there are 2  possibilities.

 A) the price goes down for $10k to $40k and I buy back and increase the btc amount,
 B) It goes higher and reaches $60k. Then I'll domp et again another %16-17.

If A) happens in the first round  > back to hodling
If B) happens > again another 2 possibilities A) and B) but this time it's happening @ $60k.

Will probably play that game to maximize the profits till it reaches $100k. Not really decided on anything just thinking. I may completely ignore the "buy back" part too.

I think the trick here is to avoid the unprofitable Scenario 1 and stick to Scenario 2.

Scenario 1:


Scenario 2:


So I'm going to play the "buy back" game only if the price drops significantly, like 75%.

[realr0ach]

[gallianooo]

This yoyo BTC price is a bit boring... 

[Wilhelm]

It's December. Year 2022. Shitcoiners still waiting for altseason. Their porfolios are down 99.9998%. Altseason finally comes. Their portfolios make a huge 10% recovery. Bitcoin is $250,000. Trump got re-elected. Schiff converted all his gold to #Bitcoin. Vitalik disappeared. 😐
Source: https://twitter.com/ArminVanBitcoin/status/1170855637078695936

You always have a tab open on CoinMarketCap.com
You always have a tab open on WO thread.

Check all of them.

+1
And I open bitcoinwisdom.io 

[mindrust]

Haven't really made my mind about it but for now I am planning to dump %15-20 of my stash for every $10k increment starting from $50k and make the final blow at $100k.

Also I'll buy back every piece I dumped if the price goes $10k lower from where I sell the coins.

For example;

Sold %20 @ $50k. Now there are 2  possibilities.

 A) the price goes down for $10k to $40k and I buy back and increase the btc amount,
 B) It goes higher and reaches $60k. Then I'll domp et again another %16-17.

If A) happens in the first round  > back to hodling
If B) happens > again another 2 possibilities A) and B) but this time it's happening @ $60k.

Will probably play that game to maximize the profits till it reaches $100k. Not really decided on anything just thinking. I may completely ignore the "buy back" part too.

I think the trick here is to avoid the unprofitable Scenario 1 and stick to Scenario 2.

Scenario 1:


Scenario 2:


So I'm going to play the "buy back" game only if the price drops significantly, like 75%.

Actually I was going to just make another post and ask/explain/think if I should make the buy backs after %70-80 drops from the ATH price. But then I had to go to work, so thank you for doing the thinking for me.

The reason I start to sell after $50k, any price after $50k can be the ATH price. So maybe it doesn't really make sense to buy back on the way up since you really don't know which will be the ATH.

[slocker]

Explaining how to sell to someone is ridiculous. If they were on classes they would know what to do. On 2-3 price rise you seel to see that in 4-5 rise price is going down you wait for it and buy latter.

Some people just turn on Screen Saver

[Phil_S]

Classes? What classes?

[mindrust]

I am starting to feel like I'll again fuck this up and sell nothing and wait for the next ATH after this. (2023-2025) 

[El duderino_]

I am starting to feel like I'll again fuck this up and sell nothing and wait for the next ATH after this. (2023-2025) 

Then you doing it good for HODL strategie 

[somac.]

looks like we may be heading back to the low 9s support level again. This one may be the last time though so if you want to buy more get your shit ready.

[fillippone]

<snip>

You always have a tab open on CoinMarketCap.com
You always have a tab open on WO thread.

Check all of them.

+1
And I open bitcoinwisdom.io  

+1 (real Merit)
Because there are never too many Bitcoin related tabs on my Browser.

[Wilhelm]

I am starting to feel like I'll again fuck this up and sell nothing and wait for the next ATH after this. (2023-2025)

I know the feeling. Need to start planning.

Sign up to an exchange that can withdraw fiat to my bank (get verified)...
Start planning my cold-wallet to exchange attack vector....
Get my old BTC armory synced up and get the coins out of there...
Figure out where to go for all the 300 forks that happened ....

Only thing ready to go is my phone wallet with my loose change

I've only been buying so selling will be a new experience


Ow well if we miss the train again we will need to sell at $1M per BTC in 5 years or so

[Wilhelm]

<snip>

+1
And I open bitcoinwisdom.io 

+1 (real Merit)
Because there are never too many Bitcoin related tabs on my Browser.

Thank you kindly 

[mindrust]

Ow well if we miss the train again we will need to sell at $1M per BTC in 5 years or so

Actually It doesn't look as bad as I've made it look.   But the problem is time. Time flies...

If you give 1000 people 2 choices:

a) Take $10m but be at your 60's. (no offense if anybody here is in his 60's, 60's just an example, just think about yourself as 10 years older than what you are now)

b) Go back to your 20's

Most will choose "b".

[fillippone]

<snip>

+1
And I open bitcoinwisdom.io 

+1 (real Merit)
Because there are never too many Bitcoin related tabs on my Browser.

Thank you kindly 

Still 1 merit ahead of you!

[Phil_S]

I'm not waiting for more than 2 years. No way.

You younger guys can afford to wait. Good luck!

[bitcoinPsycho]

looks like we may be heading back to the low 9s support level again. This one may be the last time though so if you want to buy more get your shit ready.

If you zoom out a little we are actually going sideways

[Phil_S]

The first major resistance for the shorterm is marked with the yellow area. Around 10.800 Usd to 11.000 Usd, it depends when it gets there.

Well, bitcoin reacted around $10.950 . Just as we thought, the resistance between $10.800 and $11.000 was really there.

Yeah, looks like it.

All bear trolls jumped in to defend the "resistance" . LOL

"Bear trolls"? Cmon, you're being too emotional.

We're simply going sideways for now, staying inside 10xxx range for a while. No big deal.

[Lambie Slayer]

via Imgflip Meme Generator

via Imgflip Meme Generator

Not sure if this should be done with left or right hand, but a little slot machine observing in Vegas this weekend.  

268 days into the new BTCull Market and all is well.