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

[Hueristic]

yup ima get myself a island too when number go up

Sorry buddy.  I already got that one in Dec 17.  It pays to be early.

Still easier to get than an RTX 3080!

That's a Monero ASIC, right?

LOL, rasterization/AI ASIC.







Check this out guys.

https://www.youtube.com/watch?v=3FmX8SBIeco

[nullius]

people who wear masks have many motivations.

The deeper truth of this statement inspired me to do something that is always a mistake:  Start a P&S thread.  Whipped out in a hurry, too.

Covid masks are dual-use for privacy:

This is something that I don’t get:  In a global panopticon where a mouse can’t sneeze without potentially being AI-robot facially-recognized via a nearby camera, why the fuck are people protesting about a sudden leap from anti-mask laws to mandatory mask laws?

[...]

[...]

Bonus:  Nobody looks at me funny if I wear gloves.  Thanks, Covid!

* nullius is a phantom.

[Biodom]

So f-g tired of the virus discussion, but there is ZERO excitement in btc space (after the MSTR 'thing')-option expiration on Fri, will see how it goes.

Alas, here are my 2c on masks. Apparently, you get viral antigen exposure when you wear them. The easiest explanation-virus gets stuck in the mask, dries up, then you breeze it in, don't get disease because the virus is already dead, but viral protein is so antigenic that you get an immune response.
It's not really proven, but here are some links:
https://www.nytimes.com/2020/09/08/health/covid-masks-immunity.html
https://medicalxpress.com/news/2020-09-mask-immunity-covid-viral-dose.html

[Elwar]

Wear your mask.

[JayJuanGee]

(10% of total stash)

Total stash as in the stash you started from? So you can only cash out 10 times?

or 10% of remaining stash, so you can cash out... well forever?

Sorry about the ambiguity of my earlier outline.

I am meaning 10% of the stash at the time of the cashening out....

Of course, you can put the numbers into a spreadsheet projection and tweak your approach once you see it all laid out, to even make the percentage to be variable rather than set - while attempting to achieve your personal objectives (presumably financial and psychological) at various price points along the way.

Let's say that this week (or today) while we are bouncing around in the $10,480 price arena, you project your strategy for BTC prices down to $4k and up to $1million, so of course, in that scenario, you have figured out the "how much" question based on right now circumstances, but since you are calculating this week (or today), you have not really figured out the time aspect, and as many of us likely realize quite a few things can change with the passage of time.  So in some sense, our creation of our BTC plan today, has largely accounted for if the BTC prices were largely going to go shooting (in a short period of time) straight down to $4k (what we gonna do?) or shooting up to $1million (what we gonna do?)

Of course, your whole personality and your whole way of interacting with the world is likely NOT going to all of a sudden change, yet your planning and your living through your plan may cause you some differing perspectives on life, time preferences and even changes in your life circumstances or health.. that may cause you to have to look back at your earlier BTC plan and to make some changes to it.   

Another thing that may cause you to make changes to your BTC plan along the way is that with the passage of time, some aspects of your plan end up getting executed upon rather than being hypothetical, so in that regard, you have executed various parts of the "what you gonna do" aspect of your plan... which would likely cause you to have to tweak your BTC plan to account for the having had carried out part(s) of the plan that had previously been hypothetical.

Let's say you are largely following your BTC plan and your personal circumstances have not changed very much along the way, but as you keep executing aspects of your plan, you have to plug the execution portion into the plan because it is no longer hypothetical... and of course, if the BTC price moves really fast in one direction or another, then it seems more likely that your plan would largely get followed without hardly any tweaks to it because such plan is based on a kind of current assessment of "whatchagonnado" - but if aspects of your plan ends up remaining hypothetical for long periods of time, then along the way, you would attempt to account for any substantive, meaningful and material changes in your life along the way in order to ensure (from your own psychological and financial perspective) that you still are feeling comfortable with each and all of the particulars as they appear in your spreadsheet projection of "whatchagonnado".

[Paashaas]

So f-g tired of the virus discussion, but there is ZERO excitement in btc space (after the MSTR 'thing')-option expiration on Fri, will see how it goes.

We all do Biodom we all want our normal life back, however it's necessary to keep yourself updated to have a clear overview about this situation.
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Archaeologists in Egypt have excavated 27 coffins at the ancient necropolis of Saqqara, a site of one of the world’s oldest pyramids. This discovery is now said by experts to be one of the largest of its kind.

Fingers crossed they will not open all of them otherwise all those curses of the high priests/pharohs will not make 2021 a great year.

[Biodom]

(10% of total stash)

Total stash as in the stash you started from? So you can only cash out 10 times?

or 10% of remaining stash, so you can cash out... well forever?

Sorry about the ambiguity of my earlier outline.

I am meaning 10% of the stash at the time of the cashening out....

Of course, you can put the numbers into a spreadsheet projection and tweak your approach once you see it all laid out, to even make the percentage to be variable rather than set - while attempting to achieve your personal objectives (presumably financial and psychological) at various price points along the way.

Let's say that this week (or today) while we are bouncing around in the $10,480 price arena, you project your strategy for BTC prices down to $4k and up to $1million, so of course, in that scenario, you have figured out the "how much" question based on right now circumstances, but since you are calculating this week (or today), you have not really figured out the time aspect, and as many of us likely realize quite a few things can change with the passage of time.  So in some sense, our creation of our BTC plan today, has largely accounted for if the BTC prices were largely going to go shooting (in a short period of time) straight down to $4k (what we gonna do?) or shooting up to $1million (what we gonna do?)

Of course, your whole personality and your whole way of interacting with the world is likely NOT going to all of a sudden change, yet your planning and your living through your plan may cause you some differing perspectives on life, time preferences and even changes in your life circumstances or health.. that may cause you to have to look back at your earlier BTC plan and to make some changes to it.   

Another thing that may cause you to make changes to your BTC plan along the way is that with the passage of time, some aspects of your plan end up getting executed upon rather than being hypothetical, so in that regard, you have executed various parts of the "what you gonna do" aspect of your plan... which would likely cause you to have to tweak your BTC plan to account for the having had carried out part(s) of the plan that had previously been hypothetical.

Let's say you are largely following your BTC plan and your personal circumstances have not changed very much along the way, but as you keep executing aspects of your plan, you have to plug the execution portion into the plan because it is no longer hypothetical... and of course, if the BTC price moves really fast in one direction or another, then it seems more likely that your plan would largely get followed without hardly any tweaks to it because such plan is based on a kind of current assessment of "whatchagonnado" - but if aspects of your plan ends up remaining hypothetical for long periods of time, then along the way, you would attempt to account for any substantive, meaningful and material changes in your life along the way in order to ensure (from your own psychological and financial perspective) that you still are feeling comfortable with each and all of the particulars as they appear in your spreadsheet projection of "whatchagonnado".

IMHO, the absolutely FIRST thing to do is to know (and increase) your personal limits for such cashing out. Of course, you can drizzle it out, but in situations like Dec 2017, you can "lose" 40% of the gains (or at least would not be able to re-deploy after withdrawal) if you cannot withdraw what you want to withdraw.
High(er) limits are certainly very handy.

[El duderino_]

(10% of total stash)

Total stash as in the stash you started from? So you can only cash out 10 times?

or 10% of remaining stash, so you can cash out... well forever?

Merited, for poking the bear

[lightfoot]

Fingers crossed they will not open all of them otherwise all those curses of the high priests/pharohs will not make 2021 a great year.

Open em now, get it all over with.

[Cryptotourist]

No kidding, bro.

http://www.bbc.co.uk/news/amp/uk-54250696

Funerals can still take place with up to 30 people.

Hey, let's have a funeral party.
Bollocks.

I don't know if you've all noticed (Arrie noticed only yesterday apparently), but - to me - this is what WWIII looks like: people vs government(s) on a world scale.

[Toxic2040]

local TKx this morning
1h


beluga lips...i dont know
4h


some thoughts
D


dip

do your own research with strong hands

[JayJuanGee]

[edited out]

IMHO, the absolutely FIRST thing to do is to know (and increase) your personal limits for such cashing out. Of course, you can drizzle it out, but in situations like Dec 2017, you can "lose" 40% of the gains (or at least would not be able to re-deploy after withdrawal) if you cannot withdraw what you want to withdraw.
High(er) limits are certainly very handy.

Regarding the ability to remove value from various exchanges, surely there has been problems with both withdrawal limits and even surprise KYC (sometimes referred to as shotgun KYC) in the past, and sometimes people do not even know that they have withdrawal issues (or limitations) or even that new limitations are being put into place until they take actual steps towards withdrawing (presumptively large amounts - or maybe larger amounts than they had previously withdrawn - or even amounts that had not been purchased at that particular exchange).

So, surely could be a problem to ONLY have one way of withdrawing value from an exchange - whether withdrawing the dollar value or even the BTC value if and when such a time to withdraw were to come.

Your post, Biodom, reminded me of another idea, too.

 I am not really opposed to the idea of a thought out plan that even increases the percentage of BTC that would be sold as the BTC price goes up (under the presumption that the BTC might be going up).

Surely, it becomes a bit more problematic to presume the next steps after selling the BTC as the price goes up - that the BTC price might go down - but of course, plan outlines can be made to figure out BTC price buyback points in the event that BTC prices were to go back down.. some people might be o.k. starting to buy back in small increments (such as 10% price drops), and other people might prefer larger price drops before buying back, such as waiting for 30% or more or even waiting for 50% or more before they would buy back.  Those kinds of buy back thresholds could be predetermined (even while maintaining a competing idea in mind that such buy back thresholds might not be reached which will cause any buy back, NOT to happen) and then the buy back thresholds could be later tweaked, too.

Part of my presumption for any amount of BTC that is sold is that the HODLer who sells should be ready, willing and able to consider that act of selling his/her BTC as a complete exit out of BTC for the amount that was sold - of course, if subsequent events happen that allow for a rebuying, then so be it, but the underlying presumption that I like to keep in mind when selling BTC is to NOT be selling any such BTC and expecting to buy back lower - because the lower part of such idea might not happen.. In other words, such seller needs to be committed to the sale and willing to live with NOT being able to buy back at lower prices.

[Arriemoller]

https://bitcointalk.org/index.php?topic=178336.msg52526333#msg52526333
Sep-22-2019


www.wohats.com
Sep-22-2020

Happy Birthday WOHats


Hello hat gang, I am happy to inform you that today is the 1th anniversary of www.WOHATS.com

1 year has passed and a lot has changed since its creation, I am happy because the most viewed blog post after a year is the list of posts: Hats History this was the purpose of the blog, let everyone know how the beautiful story began in the Wall Observer thread.

To date there are 137 users with hats
Own domain
The Blog has some interesting links for our dear friend BTC
Real-time price of BTC Bitstamp/TradingView
All releases of Bitcoin Core
Link to number of full nodes online, hash rate, and much more
In one year, the scoreboard has a result of > 8,000 views

I think it's fair to give it one more year to see how it evolves, we continue with him?

O, yes please, continue. That site is the best!

[nullius]

Wear your mask.

Thanks.  As a public service, I have improved your photo with an important message.  Safety first!

...to me - this is what WWIII looks like: people vs government(s) on a world scale.

Too bad that most of the people are on the side of “their” governments, or at best passively accepting thereof.  It is the usual state of affairs.  At least the tacit consent of the governed is required for a government to be stable—and they have it.

[Last of the V8s]

Never fear. New government is on its way.

[OutOfMemory]

Very annoyed OG HODLER.

That makes two annoyed OG HODLERs.

Getting mighty sick of the mandatory mask mandates, despite everything dropping and starting to get under control.

It's all political theatre.

*breathe in and out Bob. Don't get angry. Go hit another bowl of Gods' herb*

That's simply what god gave us the herbs for  

My rookie tip: If you ever sell, don't sell it all, keep at least 10% of your corn for hodling.

I am thinking about a formula that aim to NOT sell more than 10% for every range - such as every 100% (or maybe less selling and a greater range?)

But it would go something like this:

Let's say that you started buying BTC at or near the top of the last bubble, but you stuck with it and you kept dollar cost averaging in.  Accordingly, you have a average cost per BTC that is around $8k per BTC, and so you are a bit concerned about what to do.

You decide that you will sell no more than 10% of your stash for every time that the BTC price doubles (if it does)

Therefore, you have authorized yourself to sell 10% of your stash at any point of your own choosing at each point within the below prices ranges:


1) $10k to $20k (10% of total stash)

2) $20k to $40k (10% of total stash)

3) $40k to $80k (10% of total stash)

4) $80k to $160k (10% of total stash)

5) $160k to $320k (10% of total stash)

6) $320k to $640k (10% of total stash)

7) $640k to $1.2m (10% of total stash)

Etc. etc. etc

Yes, i am also  a fan of this ladder approach. My message was more for the kind of "i'll sell it all at now, because who knows if bitcoin will ever reach this high regions in the future again"...

Better version: If you intend to sell it all when moon, sell only 90%!

Fair enough... I suppose 90% is better than 100%.  I can see that angle - even though personally, I remain worried about the necessity of those kinds of plays, too...  

Accordingly, you will hardly see me compromising in that kind of seemingly timing of the market mindset direction - even though I do appreciate that there could be personal circumstances that might justify a bit of a different approach... even though that selling 90% approach continues to feel like a kind of gambling mindset, rather than an investing mindset.

By the way, I feel that I do compromise in regard to my suggestion that peeps need to determine how much to put into bitcoin, and I suggest starting out with a consideration of 1% to 10% of quasi-liquid assets, and suggesting that a minimum of 1% is a potentially prudent approach... even though 1% also seems a bit whimpy to me, but I have a kind of understanding that sometimes people may need to get accommodated to an investment such as BTC and also to get used to it.... so surely, I am not opposed to considering ways to individually tailor approaches while also even going outside of the suggested range based on personal circumstances....

At the same time, I am just considering mindsets of selling 90% as a road that is a bit too far - and I have difficulties with relating to those kinds of gambling mindsets - unless there is an actual excuse that is based on short life expectations or some exogenous demands, rather than attempts that seem to be merely timing the market... Might be just me, unless there would be some particular circumstances that might be pointed out that would allow me to appreciate that such an approach would not be a kind of gambling.

Sure, this definitely has gambling at its roots. Mind.... erm... you-know-who was also, put straightforward, just gambling. Cashing out 100% in a low, (pretending to be?) satisfied by a couple hundred % yield. WTF!
I'm no friend of this gambling stlye, too. But the ones that are, should only gamble-out 90% and leave 10% in for reasons hodlers know about.
I end this for lack of a better explanation here, because god was very generous today, when i got over his herbs. #nohomo

 

[Cryptotourist]

i dont know

Sure you do, there you are:



 


I feel so confident that we will not dip below $10k ever again, that I will buy a beer to the first one that observes it if we do. [redeemable in 60 Grin, sorry]
I know we're very close, and can easily happen, but my SOMA analysis completely disagrees.


Mask culture. My favorite:



Protip: If you don't like it, you can go fuck yourself with it.

[Last of the V8s]

https://digital-totality.hcpp.cz/

Great line-up of speakers at Paralelni Polis this year, including one of our own Wall Observers.

[Toxic2040]

Never fear. New government is on its way.

[JayJuanGee]

Fair enough... I suppose 90% is better than 100%.  I can see that angle - even though personally, I remain worried about the necessity of those kinds of plays, too...  
[edited out].. even though that selling 90% approach continues to feel like a kind of gambling mindset, rather than an investing mindset.
[edited out]

Sure, this definitely has gambling at its roots. Mind.... erm... you-know-who was also, put straightforward, just gambling. Cashing out 100% in a low, (pretending to be?) satisfied by a couple hundred % yield. WTF!
I'm no friend of this gambling stlye, too. But the ones that are, should only gamble-out 90% and leave 10% in for reasons hodlers know about.
I end this for lack of a better explanation here, because god was very generous today, when i got over his herbs. #nohom

I will concede that gambling by selling on the way up is better than gambling by selling on the way down.

I will grant you that much.