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

[Biodom]

We are doomed to skid marks and crusty cling-ons  folks...... just like my cats. (but they don't seem to mind...)

Screw that dude. On the basis of this thread I ordered one of those bidet things and will install it this weekend. We'll see how it works.

...it tickles  

[1715511286]

1715511286

[1715511286]

1715511286

[sirazimuth]

Observing bidet talk..might as well bump this...

https://bitcointalk.org/index.php?topic=178336.msg53990145#msg53990145

[Cryptotourist]

While the children Lambie is asleep.

You can almost see how fragile the emotions are at these times. Strong pump, very much like "in the books", followed by insecurities after blow-off phase, leading to a dump.
I'm scared I haven't bought nearly as enough coins back, as the ones I sodl recently.


Coins happily picked up by hodlers and bargain boyz, price rising again...
Sheeeit...
Bad news on the horizon, i expect to go lower soon again, even more than once within the next few months. If we don't go low-low, well... i'm fine with both, as fiat has not yet rushed in at my bank account.
Never mind, I'll give it go, some noob might bite.

Yet another EDIT: I see the Coronavirus Outbreak thread seems to die off. Well, it's flooded by conspiracy theorists and esoterics anyway. I'm quite happy to see the Covid discussion light up in WO again, and i will happily join when outside of the daily childcare hours.
Dsquared.

You could have had that a lot cheaper. I'd recommend the plain old garden hose for a sufficient preview of that bidet feeling. Just don't turn the water up fully 

But but, I want even cheaper:

[JayJuanGee]

Afternoon all

New 2 BTC and investing in general - wanting to take advantage of the new world I entered at a very small 0.2 BTC @ 5.7k. Have plenty of funds and considering buying 1 - 2 whole btc as I'm gathering confidence that it'll return to 10k+

Discuss and help a newb out.

Welcome, Here4Gainz.  You might need to provide more information about your particulars, but surely your own research would be part of any BTC plan.

I generally recommend that newbies figure out their cashflow for 6 months, and then make an investment budget that is spread out during that kind of timeline that allows them to continue to learn about BTC while they are investing by dollar cost averaging, buying on dips and perhaps frontloading their investment a bit.

Accordingly you can take your current cash available for budgeting towards bitcoin and add it with your cashflow that you expect to dedicate to invest in bitcoin over the next 6 months.  Divide that into three and invest 1/3 immediately and dedicate 1/3 respectively to DCA and buying on dips.

Of course, you can employ other variations of such recommended strategy to account for all of your own specific conditions, including  your cash flow, other investments, view of bitcoin as compared with other investments, risk tolerance, timeline and time and skills for trading, managing your portfolio or researching into bitcoin (including tweaking from time to time).

Thanks for that.

All makes sense and useful going forward. I suppose my situation varies slightly - I have a lump sum cash amount which I don't need for the next 5 years minimum.

Surely, I did not flesh out all of the possible capital considerations because in part, not only did you characterize yourself as a newbie, you also are asking for investment advice through a quasi-anonymous interwebs thread, which largely indicated to me that you might have some hesitancies regarding the value proposition of bitcoin.  Accordingly, DCA investing has a few advantages in terms of attempting to make sure that you spread out your investment while you might be attempting to learn about the underlying asset, and also your potentially ongoingly assessing your own situation in such a way that you are NOT investing more than you are willing to lose, in the even that bitcoin goes to zero (which should be a kind of acceptance for investing in any highly volatile asset, and bitcoin surely fits that highly volatile category).

There are aspects of your coming into bitcoin that are not that much different than my own, at least in terms that you already have a lump sum that you are willing to invest; however, I came into bitcoin in late 2013 when I already acknowledged that there had been nearly a 100x price increase, so that may have framed my own investing that I largely ended up spreading over the upcoming year, though I ended up have two 6 month investment periods before I had established my then desire to reach a 10% stake (meaning that 10% of my quasi-investible assets had gone into bitcoin by the time late 2014 came, and I had therefore felt that i had reached my investment stake goal, even though it largely took me a year to both accomplish that goal and to actually confirm with myself about what my goal was going to be).

So, surely the context of coming into bitcoin can affect how you chose to invest, and what percentage you choose to 1) lump sum in right away, 2) dca and 3) allocate towards buying on dips.  I had already told you that my off-the-top of my head allocation would be 1/3 towards each, and I was kind of already assuming that you would be able to come up with your own budget concerning how much value you had that you were allocating towards bitcoin.  No matter what, too, if you have expenses (unless you are living with grandma), then you should have a cashflow over a period of time that should be accounted for, too.. that is just pure good budgeting...

Let's say, for example, that you have $12k that you have already decided that you want to budget towards bitcoin.  With my 1/3 each example, then you would invest $4k right away, and then you would set up DCA for the next 6 months, which would be $667 per month or $154 per week.  I also recommend setting up the buying on dips in advance, so if you believe that BTC prices could dip to $3k or lower, but you believe that it is questionable if BTC prices will go below $4k, you might still just set buy orders down every $250 price drop down to $3k.  So that would be 12 buy orders of $333 each, at $5,750, $5,500, $5,250, etc.. all the way down to $3k.

What is considered a dip? The one a few days ago to ~4.5k is an obvious one but is there certain % drop considered a dip worthy of investment? I suppose any dip is a good dip

When you get into BTC, you should establish these amounts for yourself, and of course, you can reassess from time to time, too.  My above example of buying every $250 down could be one possibility, or you might choose to buy every $333 or every $500 or whatever.  Of course, you are correct that you could make your buy increments in terms of percentages, instead of dollar amounts, which might be more accurate, but sometimes might be harder to keep track. 

Your decisions regarding what is a good dip, may also have quite a bit to do with your assessment regarding where you stand regarding risk tolerance and even your view of BTC fundamentals and also if you have already invested quite a bit at a certain price, then that might affect what your future price targets are, which should not only be a product of whether you have already bought at that price but also a product of the passage of time, which might cause you to change your views about whether it would be prudent and practical for you to invest more dollars into BTC at any given price arena.

[Biodom]

For those who want something heavier than the pre-weekend bunter...
Take it with a grain of salt, though. Suffice it to say, I probably disagree with at least the relevance of some factoids (like who bought how much real estate).
An interesting read, overall, though.

https://unherd.com/2020/03/covid-19-has-exposed-our-financial-fragility/

probably bullish for bitcoin, though...

[JayJuanGee]

what an unstable shitcoin lol

look who dropped in, and appears to have gotten back in touch with his previously grumpy and negative lil selfie.   

[OutOfMemory]

James May in Japan (brilliant tv presenter imo. check him out on you tube)  brings us up to speed on bidet tech.

https://thegrandtourfans.com/james-may-on-the-wonder-of-japanese-toilets/

You can't put a price on a good shit.

Ho Ho Hodlsleep after a good laugh  
A word for those on a curfew: Go into yourself when you can't go outside.

While the children Lambie is asleep.

You can almost see how fragile the emotions are at these times. Strong pump, very much like "in the books", followed by insecurities after blow-off phase, leading to a dump.
I'm scared I haven't bought nearly as enough coins back, as the ones I sodl recently.


Coins happily picked up by hodlers and bargain boyz, price rising again...
Sheeeit...
Bad news on the horizon, i expect to go lower soon again, even more than once within the next few months. If we don't go low-low, well... i'm fine with both, as fiat has not yet rushed in at my bank account.
Never mind, I'll give it go, some noob might bite.

Yet another EDIT: I see the Coronavirus Outbreak thread seems to die off. Well, it's flooded by conspiracy theorists and esoterics anyway. I'm quite happy to see the Covid discussion light up in WO again, and i will happily join when outside of the daily childcare hours.
Dsquared.

You could have had that a lot cheaper. I'd recommend the plain old garden hose for a sufficient preview of that bidet feeling. Just don't turn the water up fully  

But but, I want even cheaper:

Done with your visions?
Thanks for the entertainment  

[xhomerx10]

All over the place atm.....

[gentlemand]

what an unstable shitcoin lol

look who dropped in, and appears to have gotten back in touch with his previously grumpy and negative lil selfie.  

This guy admitted to putting on a bearish persona for month after month to scare people to sell so he could buy cheaper.

That just outs him as a pathetic penis. As if writing shit on here that's instantly ignored moves markets. Gimme a fuckin break and what a detestable waste of his time and that of whoever's unfortunate enough to read that squit.

[strawbs]

blah blah blah

look who dropped in, and appears to have gotten back in touch with his previously grumpy and negative lil selfie.  

This guy admitted to putting on a bearish persona for month after month to get people to sell so he could buy cheaper.

That just outs him as a pathetic penis. As if writing shit on here that's instantly ignored moves markets. Gimme a fuckin break and what an utter waste of his time and whoever's unfortunate enough to have their time wasted reading it.

I've been away from this place for the best part of a year until recently, and must have blocked that guy sometime in the past. Hindsight shows I was correct back then. Please don't quote the trolls, then I won't have to see their [thought to be blocked] jibberings.

[JayJuanGee]

what an unstable shitcoin lol

look who dropped in, and appears to have gotten back in touch with his previously grumpy and negative lil selfie.  

This guy admitted to putting on a bearish persona for month after month to get people to sell so he could buy cheaper.

Hey.  That's not very nice.  

That just outs him as a pathetic penis.

Sure, another way of putting it.  don't you British prefer using "cunt", though?  Such as "that bloody cunt."  Not the good kind.  

As if writing shit on here that's instantly ignored moves markets. Gimme a fuckin break and what an utter waste of his time and whoever's unfortunate enough to have their time wasted reading it.

There are a decent number of posters here who seem to be trying to move the BTC price, and perhaps on the margins, there could some contagion..... kind of a like a virus...

 wait... not a good word choice, these days

[strawbs]

Most Brits aren't particularly fond of the C word 

[JayJuanGee]

Most Brits aren't particularly fond of the C word  

fair enough.. probably getting them mixed up with the Aussies....  

There I went down the tubes, taking the piss out of the situation, and trying to come off as worldly...

[gentlemand]

Most Brits aren't particularly fond of the C word 

It's Americans who start frothing at the mouth. Most others take it in their stride.

[strawbs]

Most Brits aren't particularly fond of the C word 

fair enough.. probably getting them mixed up with the Aussies.... 

There I went down the tubes, trying to come off as worldly...

Yeah, the Aussies are far more likely to use it. But then, their vocabulary is pretty limited so they have far less choice in the matter when it comes to expressing themselves.

[Cryptotourist]

Sure, another way of putting it.  don't you British prefer using "cunt", though?  Such as "that bloody cunt."  Not the good kind.  

Medium kind: "you fucking wanker"

[BTCMILLIONAIRE]

I believe Torque is correct, Our overlords will absolutely blame the virus on the market movements and the FED's reaction to printing 1.5 trillion to prop it up longer.  One must wonder if it was entirely engineered and timed, the virus, the panic, the markets, the money printing. Idunno

Wouldn't put it past them if the WHO and other establishment organizations played it down until they got ready for some good old insider trades before ringing the alarm bells.

I'd be seriously surprised if there was anything that they could learn this late in that would shift the situation from "who cares" to "full panic". These issues are too well studied.

/tinfoil

Well that didn't take long to come to light.

[BTCMILLIONAIRE]

Good morning Bitcoinland.

Briefly touched the $7xxx range before correcting a little... currently $6660USD/$9507CAD (Bitcoinaverage).

Still a week and a half in Mic's contest. This should be interesting.

Stop using the paper money. Seriously, paper money is the easiest way to spread any kind of germs.

Not my paper money. 

You may want to seal those, just to be safe against deterioration and tearing.

[Cryptotourist]

I believe Torque is correct, Our overlords will absolutely blame the virus on the market movements and the FED's reaction to printing 1.5 trillion to prop it up longer.  One must wonder if it was entirely engineered and timed, the virus, the panic, the markets, the money printing. Idunno

Wouldn't put it past them if the WHO and other establishment organizations played it down until they got ready for some good old insider trades before ringing the alarm bells.

I'd be seriously surprised if there was anything that they could learn this late in that would shift the situation from "who cares" to "full panic". These issues are too well studied.

/tinfoil

Well that didn't take long to come to light.

Just you wait when the narrative goes full retard, to "the government cares, Costco loves you".

Kinda of curious about that tbh.
Much like the gold ban then, extreme measures, require extreme conditions to mature - to be adopted.

Seems that we've found something better than war. Something financially viable. Peace in a lock down sorta way. Where do I sign up? We'll know soon enough.

Needless to say, all this is crazy fucking uber bullish for BTC.
The stars are aligning.

[JayJuanGee]

Most Brits aren't particularly fond of the C word 

fair enough.. probably getting them mixed up with the Aussies.... 

There I went down the tubes, trying to come off as worldly...

Yeah, the Aussies are far more likely to use it. But then, their vocabulary is pretty limited so they have far less choice in the matter when it comes to expressing themselves.

Must be from the released prisoner heritage.