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Question: What happens first:
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26330512 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (170 posts by 1 users with 9 merit deleted.)
Biodom
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May 28, 2020, 03:30:58 PM

With btc the KISS principle has always worked out pretty fucking well, and will continue to do so as far as I can see.

Buy bitcoin. Only sell if you absolutely have to. Like a loved one needs a kidney, or the bank is coming to repossess your house or some shit. In bear markets don't look at the price. Sometimes for years. Chill the fuck out. Don't think you are smarter than you really are, sure as fuck don't think you are smarter than the chaos that is bitcoin price movements.

Buy bitcoin. Don't stress. Don't sell. Don't be greedystupid.

I think all the bear trolling and attempts at scamming around Bitcoin is super weird. Go to any Precious Metals web forum and you never see bugs talking about TA charts, elliott waves, when to buy, when to sell, trying to call bottoms/tops, blah blah blah. Just "buy PMs when you like, and buy as close to spot as possible". They are just happy to be able to buy and hold, never to sell unless they have to. No talk about trying to get super rich with PMs, they just plan to hold for years/decades. And instead of panicking when the PMs price dips crazy, they instead talk about "backing up the truck".

More people coming into Bitcoin need to think this way.



Part of it is volatility expectations. Gold took a decade for basically a roundtrip from 1800 to 1100, back to 1750. We are more accustomed to fast moves.
When a fast move happens, it is difficult to think about 10 years down the road.
Besides, if we are truly in the fourth turning, then life in 10 years would be very different.
I expect inflation, but things could also change in a more profound way.
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JimboToronto
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May 28, 2020, 03:41:00 PM
Last edit: May 28, 2020, 03:53:15 PM by JimboToronto
Merited by Room101 (1)

Good morning Bitcoinland.

Still creeping upward... currently $9482USD/$13060CAD (Bitcoinaverage).

Go Bitcoin go.

It's weird how complicated people like to make shit. People have been talking about Elliot waves and bitcoin since I started here in 2013. Buy now, sell now, definitely this is what the future holds. Sounds fucking stressful if you ask me. Plus a recipe to end up with 0 bitcoin. I'm sure there are people out there that have made a killing, survivorship bias and all that. Maybe even a couple know what the fuck they are talking about. Still stressful.

With btc the KISS principle has always worked out pretty fucking well, and will continue to do so as far as I can see.

Buy bitcoin. Only sell if you absolutely have to. Like a loved one needs a kidney, or the bank is coming to repossess your house or some shit. In bear markets don't look at the price. Sometimes for years. Chill the fuck out. Don't think you are smarter than you really are, sure as fuck don't think you are smarter than the chaos that is bitcoin price movements.

Buy bitcoin. Don't stress. Don't sell. Don't be greedystupid.

If every chart producing oracle that has come and gone from these pages had done that, there would be a lot more rich forum members. Your charts, models and fancy theories will send you broke. I'll still be here. Once I forgot my password for 3 years. Thank god for JohnTheRipper.

Buy bitcoin. Chill the fuck out.

Post of the year.

What's so hard to understand about buying and not selling unnecessarily?

You crossed out "greedy" to write "stupid". It could just as easily have been "arrogant" or "childish".

"Impatient" also comes to mind, but that's basically part of being childish.

Getting rich with Bitcoin is a simple Three Step Program... 1) Buy... 2) Chill (hodl)... Don't sell unnecessarily. So simple.

What you should not do is buy and sell according to the price.

Of course there's nothing wrong with selling a small amount for life improvements after your holdings have reached critical mass. Just never sell most.

Buy, chill, don't sell, especially not according to some self-indulgent pseudoscience like TA.
_____

Edit:

Of course exchange operators won't agree. They make lots of money in fees from tarders.
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May 28, 2020, 03:41:42 PM
Merited by LFC_Bitcoin (1)

Remember when $10 pumps were big. Then, Gox times and 2014 ATH $100 pumps were huge. Now its $1k pumps that seem huge. Whats after next ATH? $10k pumps in one day? That would mean if you own 10 BTC and sell perfectly on top and buy on the lowest, you could make $100k a day in a perfect scenario  Grin

Exchange Liquidity will be spoiling that game.. 10K pump may mean BTC price is $200K or more? That would be a $2M coin wall!..

Can't wait to observe and get excited over a single digit BTC coin wall!
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May 28, 2020, 03:47:07 PM

In other news: Want a free portscan of your Wind0ze PC?
Just visit Ebay or Citibank and you'll get one for free:

https://security.stackexchange.com/questions/231966/web-sites-executing-local-port-scans-is-this-coming-from-a-library-can-it-be-b

https://nullsweep.com/why-is-this-website-port-scanning-me/

https://www.schneier.com/blog/archives/2020/05/websites_conduc.html

But I have been assured it is only to our best and they promise not to abuse it. So if you don't have anything to hide..

oh, isn't that just fucking wonderful...
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May 28, 2020, 03:50:46 PM

Gox Rising Announces Intent To Purchase Mt. Gox Creditor Claims

https://finance.yahoo.com/news/gox-rising-announces-intent-purchase-130000275.html

Quote
"We recognize that some investors may not wish to wait any longer to see what the final resolution and payout will be and how much longer that payout will be delayed," said a Gox Rising spokesperson. "Each claim will need to be individually reviewed, but we are looking to offer $800 US per BTC claim. Gox Rising will pay that in Bitcoin, or in the fiat currency of the Creditor's choice. Our payment would be put in escrow and made within 10 business days of the claim transfer confirmation."

Wow, you'd really have to be desperate to sell your claim for $800 per BTC. I don't see how anyone would consider this offer. Even if you would consider to sell, Fortress is a better alternative I reckon. They offer $1300 per BTC, or somewhere in that region.

this is less than fortress was offering last year...lol
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yes


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May 28, 2020, 03:52:53 PM

I’m not going to defend the bear case here but I’m also cautious now for a pull back. But the remedy is course to just Hodl what you already have and buy at set period. Just a little more should prices tank short term  Roll Eyes
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May 28, 2020, 03:57:46 PM
Merited by Torque (1)

So...in my dream I was in prison.  I was having a meeting with Torque, as the two baddest dudes in the joint it was important that we have an understanding.

This was after I beat two guards to unconsciousness while holding my breath against the knock-out gas they had flooded the chamber with when they saw me rip a length of handrail off its stanchions.  It was important to get off on a good foot and earn some respect.
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May 28, 2020, 04:17:45 PM
Merited by El duderino_ (2), JayJuanGee (1)


https://imgur.com/a/C5X4lwv

Updated: 2 New Hats / May-2020

- spooderman
- psycodad

Raja_MBZ
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May 28, 2020, 04:30:05 PM
Merited by El duderino_ (2)

Is there any Goku/Vegeta related cap around that no one owns anymore? I'd love to wear one from now on.
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what is this "brake pedal" you speak of?


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May 28, 2020, 05:11:17 PM

In other news: Want a free portscan of your Wind0ze PC?
Just visit Ebay or Citibank and you'll get one for free:

https://security.stackexchange.com/questions/231966/web-sites-executing-local-port-scans-is-this-coming-from-a-library-can-it-be-b

https://nullsweep.com/why-is-this-website-port-scanning-me/

https://www.schneier.com/blog/archives/2020/05/websites_conduc.html

But I have been assured it is only to our best and they promise not to abuse it. So if you don't have anything to hide..

oh, isn't that just fucking wonderful...

very interesting.

i visited ebay just now, no local host port scans here (following the direction shown to bring the console up etc). firefox and win10 pro, all latest patch level. i do have some ff addons activated, perhaps thats it? no clue really.

ive got a somewhat odd network setup so maybe thats it but since im an idiot when it comes to networking i doubt its something i did deliberately.

btw i do port scans fairly regularly via shieldsup or whatever that site is and it always passes even the long extended tests. if there are better ways PLEASE someone chime in.
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May 28, 2020, 05:25:01 PM

I think all the bear trolling and attempts at scamming around Bitcoin is super weird. Go to any Precious Metals web forum and you never see bugs talking about TA charts, elliott waves, when to buy, when to sell, trying to call bottoms/tops, blah blah blah.

Interesting observation.
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May 28, 2020, 05:33:14 PM

For PlanB we are not yet in Bull territory, but at any moment it will make the big leap .

Quote
Friendly reminder: we're not in #btc bull territory yet (RSI>60)



Source: https://twitter.com/100trillionUSD/status/1266055222234841088
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May 28, 2020, 05:42:48 PM
Merited by LFC_Bitcoin (4)

Somewhere, jonoiv is smoking a crack pipe, still waiting for $2,000 so he can buy back in.

We’ve had many pairs of resident weak hands lose it all with a moment of indecision/panic. mindrust was the latest, use them as motivation to not follow their cowardly ways.

HODL = WINNING

Ok.  now you are causing me to become too emotional, LFC!!!!!!!!!!!!  CCCCCCCIIIIIITTTTTTTTEEEEEEEE!!!!!!!!!

I love it how there are several of us who love to beat up on those who sell too much too early... and of course, I feel a bit more sorry about mindrust as compared to some of the others because he was kind of trying to be a bit less arrogant about his having had sold too much too early, but even more recently he has been bashing on bitcoin in a kind of talking his book way.. with a kind of seemingly uncontrollable desire that BTC prices go down to prove his previous self to have been right in having had sold.. .and I kind of feel that attempting to justify oneself (even if subconscious) is an emotion that people are going to not be able to control when they end up selling too much too soon and then not figuring out a reasonable loss mitigation plan that puts them back into the BTC game in a material and substantial way that causes them to stop wishing their little hearts out for down...   

If some of these kinds of people used to have some solid feelings about bitcoin fundamentals (or at least had seemed to have been informed feelings about bitcoin), somehow they lose those ideas about BTC fundamentals when they sell too much too soon...

That might be part of the reason why I suggest that no one, even us "bulltards," sell all of our BTC... We should always keep some bitcoin in order that we do not lose our perspectives on fundamentals and our desire for UP and thereafter begin to bet upon down too muchie.

Sure, there might be a point that you know almost certainly that the BTC prices are going to drop, but I am still thinking that even under those kinds of blow off top scenarios, each of us should still attempt to keep a certain quantity of BTC... even maybe 10% or 20%, even though any of us could have strong feelings that those BTC are going to lose value, in the short term because of the likely blow off top situation.. and sometimes we kind of know it when we see it.

Of course, none of us can tell others how to think, give them financial advice nor lecture about how committed that other people should be in regards to BTC fundamentals, and I do agree that end of life or even really BIG-ass unexpected emergencies can justify selling some BTC that might even fall into a too much too soon scenario because sometimes some of us might have to sell some BTC at a time that is NOT of our choosing.

I would suggest anyone, kind of looking at a certain other member, if you end up DCAing back into bitcoin, to make sure that you are either NOT investing too much into bitcoin, but that maybe if your cashflow and your emergency funds are not adequately buttressed, that you can still withdraw portions of your BTC value on the way up in order that you can feel that you have a decent amount of emergency funds so that you try to avoid, as much as you can, from selling BTC at a time that is NOT at your own choosing. 

Surely, I do not know the specifics of any particular member except for what they disclose and what can be reasonably inferred (and probably that is a good thing), but there may have been circumstances that really caused no ability to hang onto some BTC... and so in that regard, I am trying to suggest that each of us should remain cognizant of the realities of life, our cashflow projected out several months and emergencies and to really strive to prepare ourselves with a sufficient and adequate emergency cushion so that if we have to dip into BTC as an emergency fund (after we exhausted all other quasi-liquid sources), we are then only dipping into a portion of our BTC fund rather than having to sell the whole thing at a time that is not of our choosing. 

So, yeah, part of the preparation for those ensuring those emergency funds does mean either skimming off a bit of profits when the BTC price goes up, or alternatively, lessen your DCA amount when the BTC price goes shooting up (within reason) in order to preserve some of those funds for your emergency fund or to buy BTC on dips rather than buying too much on the way up without making sure that you have both an emergency fund and you are also cognizant of your regular cashflow projected out several months and frequently it is good to project out even longer such as 18 months or longer and how that can dry up or shrink completely under weird-ass circumstances (such as a world wide pandemic that happens to be far from over yet.. in spite of the little island of new zealand.. and maybe even some other countries, celebrating no new cases.. while many other parts of the world have far from gotten the thingie-ma-jiggie into any kind of semblance of under control).

O.k.   I am settling down, now...
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May 28, 2020, 05:50:03 PM

This graph is staggering:



I'm not a commie, but there's no way we can have any semblance of stability on any level with this kind of inequality.
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May 28, 2020, 05:55:36 PM
Merited by BobLawblaw (10), Raja_MBZ (1)

Is there any Goku/Vegeta related cap around that no one owns anymore? I'd love to wear one from now on.

 
No vegetasss hmzzzz Sad

I swear imma find a way to cut a bitch over the internet... Enough with the Vegeta's already. I agree.

We need a new meme.

 I might be able to hook you up but the cost has increased exponentially.
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May 28, 2020, 05:59:36 PM

I think all the bear trolling and attempts at scamming around Bitcoin is super weird. Go to any Precious Metals web forum and you never see bugs talking about TA charts, elliott waves, when to buy, when to sell, trying to call bottoms/tops, blah blah blah.

Interesting observation.

Gold bugs are more at the preserving wealth stage. Coiners largely at the earlier hustling-to-get-wealth stage.
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May 28, 2020, 06:09:45 PM

Good morning all

Bitcoin has broken a level of resistance and has started to consolidate along a second line at the 0.236 short fib     #dyor




butterfly takes flight
1h


strong impulsive move straight up through a thin cloud of resistance, up periscope and continue to search for targets      Carry on
4h

#stronghands
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May 28, 2020, 06:27:45 PM

Is there any Goku/Vegeta related cap around that no one owns anymore? I'd love to wear one from now on.

No vegetasss hmzzzz Sad

I swear imma find a way to cut a bitch over the internet... Enough with the Vegeta's already. I agree.

We need a new meme.

I might be able to hook you up but the cost has increased exponentially.

Wow! It seems like Vegeta is losing respect in here.

I'd love to have a hat of Legendary Broly then; however, get it done only if you've free time. If you're not free, I'll try to design one myself (though I must admit that I'm no longer very good with Photoshop anymore).
El duderino_
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May 28, 2020, 06:55:51 PM

I read this name mindrust a lot, can someone remind me who that was ??

JJG perhaps??
JimboToronto
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May 28, 2020, 06:56:34 PM
Merited by Arriemoller (1)

This graph is staggering:



I'm not a commie, but there's no way we can have any semblance of stability on any level with this kind of inequality.

Just wait. Your turn will come.

It takes time to accumulate wealth. It even takes time and experience to learn how to accumulate wealth.

Even inheritances usually take many years.

Young people tend to spend and borrow. The wealthy tend to live longer.

This has been happening since time immemorial.

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