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

[friends1980]

Yes, I agree with the previous comments about the selling strategy but I would like to emphasize: never sell everything. Keep whatever percentage you are comfortable with. Imagine those who bought BTC when it was worth $1 or so. If they sold everything, they probably have some regrets, no matter the profit. But if they were able to keep a % while selling at some points, they will probably feel better now.

If you have no real content to share, it's better to keep your mouth shut.

If you're in it because you believe in BTC as future money, hodl of course!

But if you're in it for the profit, any profit is good. Prices will ALWAYS go up or down, so if you have regrets every time something went up after you sold (with profit), you're the most retarded trader in the world.If you have regrets and think it will go up again, buy in again - DUH.

As for understatements, you're obviously the winner of the day. Congrats.

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[AlcoHoDL]

Selling BTC makes sense only if you subsequently (and soon) use the obtained fiat to fund some project, purchase, Lambos, hookers, blow, whatever. Selling BTC just to keep fiat in the bank is a near-guaranteed way to lose wealth. And you must be mentally prepared to accept the inevitable fact that whatever you buy will soon become the most expensive item of its kind (for you), as has been my Trezor h/w wallet, which is now valued at over $5,000 (I paid 0.14 BTC to buy it, when I could have bought it for $119 in fiat, which I had). Use this analogy for whatever you're planning to buy.

Of course, there are some things that cannot wait. Dreams and goals we set in life, which we should aim to fulfill when we are young enough to enjoy them. HoDLing while being miserable is not wise... It's up to the individual to decide when to make their corn work for them.

Sell when you must (but wisely).
Buy when you can.
Always aim to HoDL.

[Thanos01]

Damn thats a lot of money to give away tho , im wondering how he feel by now!

[OutOfMemory]

Snoop Dog is tweeting about Doge.

Talking about Snoop Doge

Next up will be Martha Stewart  

Doge back over 6 cents.

Who let the Doges out?

Really, the more Doge pumps, the more backflow to BTC when Doge dumps, imho.

[600watt]

Nah, she'll do the rapid anus COV test, it's unisex , insta-results, 100% guaranteed. Only $99.99!

The anal Covid test is for free 

good one, but NEVER do this while climbing up a tree:

https://www.youtube.com/watch?v=G4GjytdY9dw

 

[Krubster]

For whatever reason you have to sell, having a strategy set up in advance is never a bad thing. Trying to match the top is far more difficult than predicting the bottom (e.g. 200W MA) in my opinion. For that reason, a sell ladder can be a good strategy. It's automatic and it won't cause you stress trying to match the exact top.

I personally sold some coins between $30-40k to reinvest in real-estate. I could have held them longer for more fiat gains, but I had a strategy set up a long time ago and I held on to it. No regrets.

Right now I have no need for more fiat, so I have no further plans to sell anything.

I have had this same plan personally. I could have been a billionaire if I held on to all of my coins. Sounds tragic but I am just as happy being a decamillionaire . On one hand, you never know for sure what it may reach, on the other, you want some gains in-between. Make a plan that you can accept the consequences of whichever way it goes.

Holy shit, that's still a lot of coins. Congratulations to you. I also have no way near as many coins as I did when I bought my first bitcoins at $10. I still consider myself very lucky and fortunate, finding out about bitcoin as early as I did.

[600watt]

For whatever reason you have to sell, having a strategy set up in advance is never a bad thing. Trying to match the top is far more difficult than predicting the bottom (e.g. 200W MA) in my opinion. For that reason, a sell ladder can be a good strategy. It's automatic and it won't cause you stress trying to match the exact top.

I personally sold some coins between $30-40k to reinvest in real-estate. I could have held them longer for more fiat gains, but I had a strategy set up a long time ago and I held on to it. No regrets.

Right now I have no need for more fiat, so I have no further plans to sell anything.

I have had this same plan personally. I could have been a billionaire if I held on to all of my coins. Sounds tragic but I am just as happy being a decamillionaire . On one hand, you never know for sure what it may reach, on the other, you want some gains in-between. Make a plan that you can accept the consequences of whichever way it goes.

woah. does "deca" imply between 10 and 100 mil USD?  also congrats, well played.

[d_eddie]

Off topic: GME's shorts are still not covered by far (50%), and a delay of weeks is to be considered, before hedgies will cover. They covered about 2% on friday, as it seems, and the price rose by a tad under 20%. Coincidence?

Maybe it's a coincidence; maybe not. What I can say is that Friday, as the previous Wednesday, the NYSE disallowed shorting that stock at prices lower than the best bid. This 'circuit breaker' rule is triggered whenever a stock's price declines over 10%. It is meant to allow "real" long sellers to sell their long stocks before "fake" (short) sellers can push the price further down. It was established by the SEC in 2010.

https://www.sec.gov/news/press/2010/2010-26.htm

[Krubster]

Damn thats a lot of money to give away tho , im wondering how he feel by now!

I don't think he has to worry, he is probably set for life. Gavin was the lead developer for bitcoin for a while, after satoshi stepped down.

[dieselmeister]

yesterday round about 2,7k in coins were flown out from the  F2Pool. That not a peak, but is much more that usualy (see the small things in december.)

The upper peak was ~14,3k

[600watt]

I hope that you are not suffering too much, LFC... with that cold iron fist of yours.

There surely is some value with delayed gratification.. and yeah, there could be a bit of a dilemma for some HODLers regarding the extent to which a wee bit of shaving off could be prudent - and yeah, we don't really feel like a blow off top or anything like that, even though many of us had been  thinking that $40k or $50k-ish would be good areas to sell decent amounts of stash.. but many of us are not feeling so inclined in these here days... for some reason.. not feeling like the cycle has run.. and it seems still early.. we are like in the early to mid - 2017s rather than the late 2017s.. so it seems.. and gosh, could we be in the early 2013s so deserving two blow off tops in this cycle with the second blow off top obviously playing out as a 5 to 10x BIGGER one.. ?  

I am not going to say.. even though I have some theories that are floating in the decent odds categorizations... feelings... oh oh oh .. feelings...

I finally have a sell strategy, after all these years. I set up a spreadsheet with a sell ladder. I’m not going to go too deep into it but my sells start about $10,000 north from the current price & continue every $5,000 (roughly) until we hit $250,000.

Nothing goes as you plan it perfectly but at least I have a starting point now.

I’d like to continue HODLING at least 25% of my stash long term.

Let’s see how this cycle plays out

I'm still not sure whether I'll start selling at $50k or should I move my sell orders to $75-80 area. So far I'm ready to sell at $50k but it won't last long. I guess I will wait until the end of the month or so. Institutions must try harder to get my coins, dammit!    

I also think I will keep some 25%-50% of my stash at least for one more cycle. I will NEVER sell my entire stash and become a nocoiner!  

selling BTC for what? Gold? OK (IMO) if you are a bit over invested in BTC. Silver? OK, for our U.S. friends because most of them think silver cannot be confiscated. FIAT? Not OK (IMO) just in case you really need some to buy other things.

Why not selling for FIAT? Why do all the stocks, real estate, land, commodities etc. increase in price? It's not because their value is increasing all the time. But the value of FIAT is decreasing all the time therefore the price of the others in FIAT is increasing. think about it.

very refreshing to observe that the sentiment in WO has changed a bit. it used to be "what is the best exit strategy on cycle top?"

to " never sell ALL your coins"


i am flip flopping between selling only some, keeping basically 90% or so. or selling 50% to 80% of stash, hopefully close to the top.

this is hard to decide. in my case, and i am sure others are in the same boat, it is the single most important financial decision of my life - so far.

going through a multiyear 80% correction without having sold any is gut wrenching. i have done it twice and promised myself, not to do this again.

the little problem with this promise is, that ... well ... this time it could be different^TM. Either this run up or the next one will be, imho, the one where bitcoin reaches escape velocity. there will still be corrections but no 80% multiyear suffering.

worst outcome is sell all and then price does another 2x or more and does not come back. you did not hodl all the years to fold just short of the finish line.

i played around with laddering. start at 80k and sell up to 50% of stash until 400k in little steps.

but: selling means trading the best money ever for dirty fiat that is getting debased to the point it crashes completely.

best outcome would be: price runs up, fiat semi-collapses and all the world wakes up and all they want is bitcoin to trade for their villas or lambos. then bitcoiners would not need to sell.

this "should i sell, and if yes, how much and when" is a game that we will not have to play forever. within this decade, maybe even in the first half, this question will be answered for good: hodl!


this year is the year where we will have to play this thing right. good to have a forum where we can discuss.

[Torque]

This dodge pump is starting to piss me off.

It's distracting, and completely, brainlessly retarded.

Kudos to folk profiting from it, but it just boggles my mind at how fucking idiotic crypto-Twitter is on doge right now.

On the plus side, all roads lead to King Corn, so, I guess that is OK.

As we move into this next phase of Bitcoin, there will be many more distractions like this.

The dumb money will get distracted and taken by pump-n-dump scams, while the smart money will be quietly accumulating Bitcoin on the down low.

Whale traders don't want Average Joe to buy Bitcoin at the bottom... they want them to chase it right before or at the blow off top.

You can't save stupid.

[Torque]

Why not selling for FIAT? Why do all the stocks, real estate, land, commodities etc. increase in price? It's not because their value is increasing all the time. But the value of FIAT is decreasing all the time therefore the price of the others in FIAT is increasing. think about it.

This is exactly correct. Anything going up in price is really just retaining it's value and outrunning inflation vs. the continual debasement of fiat currency.

The trick is to find the deflationary asset that is accelerating in value faster than/relative to the other deflationary assets over long time frames.

Bitcoin is currently that asset. Hands down, it has trounced every other asset in price appreciation over the last decade.

So why would I trade the fastest horse in the race, for a slower-but-still-fast horse?

And why would I ever trade the fastest horse for the sad, retarded horse that broke both its front legs right out of the gate? (FIAT)

[Indymoney]

Big moves happening around as price going high

[True Myth]

Got drunk and put some more random lines on the random lined chart. 

Posting my projection in the event that I hit a .0005% chance of being correct so I can pretend I knew everything all along.

Breakout above ATH on February 14th with a price target of $48,500.

I think I'm going to start making projections when I'm drunk more often...

[Slot Kid]

Big moves happening around as price going high

Interesting, many people predicted a small dip after breaking 40k again BEFORE we have a proper assault on the ATH. We seem to be on calm water at this moment. I feel a big move up is close, I just don’t know when, possibly a week or so after the Chinese New Year.

Keep stackin’ sats.

I have been saving for 18 months, I am nearly at 2.1BTC which is a lot of money in my country. I know some of you people have much more but I am proud I nearly made to 2.1BTC, it is significant as a value with the 21,000,000 cap.

Thanks for reading - Slot Kid.

[vroom]

Nah, she'll do the rapid anus COV test, it's unisex , insta-results, 100% guaranteed. Only $99.99!

The anal Covid test is for free  

good one, but NEVER do this while climbing up a tree:

https://www.youtube.com/watch?v=G4GjytdY9dw

 

or on TV https://www.youtube.com/watch?v=j7USaBkHt8o

[JayJuanGee]

Just an 'aside' for those of you who HODL your Bitcoin no matter what through at least 2020 till today.

Price of Bitcoin on March 13th, 2020, when 'everything' dumped, stock market, BTC Crypto, on the realization that Covid-19 Pandemic was the 'real-deal'!

Anyway, the price of Bitcoin on 3/13/2020 (if briefly) was: $4,916.78 USD.

Could you 'imagine' being in the position of 'panic dumping' your BTC HODL/HOARD on that date and revisiting such a 'decision' today?

Current Bitcoin Price Now: $38, 612.43 (see www.coinmarketcap.com) (use profile post time on this post)

Ack! The Horror! Ack!

Brad

Current BTC Market Status

What a diptwat image that does not even reflect the reality of our current bitcoin price dynamic situation.

Have you actually looked at the charts, Sayeds56?

Do you understand what you are looking at?

We are actually floating at the top of the BTC price range.  Yesterday weighed in with a top three all time weighted average.. top three.. that is surely nothing to sneeze at.  Do you understand that?    

Sure, the price might go down from here, but it is quite obviously NOT heading down in any kind of meaningful way or anywhere close to a bear market.  Perhaps wake me up if we go below $25k in the coming 3-6 months, and I might reconsider.. perhaps... gotta zoom out a bit, Sayeds56, and not get distracted by either short-term BTC price movements or various kinds of nonsensical pump and dump price behaviors in various shitcoins.

I speculate that part of your problem is that you might be comparing bitcoin to some charts of various shitcoins, and that is likely a BIG ASS distraction rather than considering where bitcoin is actually at in reality rather than your lil fantasy hopium for the BTC price to go down that may or may not happen.

[El duderino_]

[friends1980]

Just an 'aside' for those of you who HODL your Bitcoin no matter what through at least 2020 till today.

Price of Bitcoin on March 13th, 2020, when 'everything' dumped, stock market, BTC Crypto, on the realization that Covid-19 Pandemic was the 'real-deal'!

Anyway, the price of Bitcoin on 3/13/2020 (if briefly) was: $4,916.78 USD.

Could you 'imagine' being in the position of 'panic dumping' your BTC HODL/HOARD on that date and revisiting such a 'decision' today?

Current Bitcoin Price Now: $38, 612.43 (see www.coinmarketcap.com) (use profile post time on this post)

Ack! The Horror! Ack!

Brad

Current BTC Market Status

What a diptwat image that does not even reflect the reality of our current bitcoin price dynamic situation.

Have you actually looked at the charts, Sayeds56?

Do you understand what you are looking at?
(...)

Just another shitposter.

edit: dude received some merits by accident after posting shit a while ago, and believes he's struck gold with that formula.