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

[Hueristic]

the combination of the best performing asset in the history of finance being also the by far most volatile asset in history is a heavy weight to lift.  we are not specially trained, hardened professional traders with balls of steel. most of us are regular guys who would have never chosen becoming traders. with selling the entire stash being just a mouseclick away, hodling btc is like trading - you choose not to sell, every new moment, every new day, every new wave of FUD.

We had no choice but to grow balls of steel ourselves. when your life savings can literally evaporate overnight, getting up in the morning, checking the price would be hyper stressful for a someone not used to it. it became routine for us. but it takes time for those balls to harden. and sometimes, for example when reaching a certain threshold money figure like $100 000 or even 1mio, even seasoned btc hodlers can experience high stress levels again.

I definitely recommend taking a little profit and treating yourself now and again. Not too much cause it hurts when the price goes up and the toy you bought for $50 would have got you $500 or even $5000 (though this in itself is good training to hodl) but it's definitely nice to know that even if everything went to 0, you'd still be ahead. Another thing is to make a plan and stick to it and remember that you can't predict the future, only make the most of probabilities. Also, you can't take it with you.

Just take your initial investment back as that relieves any stress.

Nothing beats Playing with House Money.

 ...but isn't that what our buddy mindrust did?  He also said it was for peace of mind.

LOL, No-one said taking it out in a panic is the way to do it.
Do it as close to a top as you feel comfortable with.
Bawb is good at this just do it when he does.
IIRC he was overexposed and was afraid of going into the red.

[1714994758]

1714994758

[1714994758]

1714994758

[Hueristic]

Good Morning BTC Land... So we had a massive dump this night... How shocking... So no 50k sadly I had no fiat left for buying the Dip.

I saw lowest was 46k so almost 8%, now we are a little higher than than. Mmh f2pool again?

Let see what the day brings us.

snip

Good as always, only 10 2 1 away from Legendary bro

FTFY

FTFY2

[bkbirge]

LOL, No-one said taking it out in a panic is the way to do it.
Do it as close to a top as you feel comfortable with.

Best out of context read today.

[El duderino_]

Good Morning BTC Land... So we had a massive dump this night... How shocking... So no 50k sadly I had no fiat left for buying the Dip.

I saw lowest was 46k so almost 8%, now we are a little higher than than. Mmh f2pool again?

Let see what the day brings us.

snip

Good as always, only 10 2 away from Legendary bro

FTFY

    

[El duderino_]

Still love this one

[Dabs]

Good Morning BTC Land... So we had a massive dump this night... How shocking... So no 50k sadly I had no fiat left for buying the Dip.

I saw lowest was 46k so almost 8%, now we are a little higher than than. Mmh f2pool again?

Let see what the day brings us.

snip

Good as always, only 10 2 1 away from Legendary bro

FTFY

FTFY2

FTFY3. Now Legendary. Welcome.

[El duderino_]

Window for cheap coins is closing.

[AlcoHoDL]

Congrats, ivomm.

Well deserved!

[El duderino_]

BTW

[marcus_of_augustus]

... no balls of steel or other 600watt histrionics needed to hodl bitcoin, the casino is in fiat.

... if you find it easier going to sleep in fiat than in btc you're doing it wrong and should get out of btc.

... fiat is the riskiest asset on the planet right now, that's why there are asset bubbles in a huge range of non-monetary assets, capital is fleeing fiat.

... the right thinking frame of mind here is how much fiat risk are you happy to leave in and play with in the fiat casino??

... are you feeling lucky? Think you can get the last chair when the music stops in the fiat casino?

... only leave in fiat what you are can afford to lose, that's where the most risk is today.

[aesma]

Fiat assets seem more risky than fiat, the stock market in particular. Yes there will be inflation (probably) to reduce the value of fiat somewhat, but looking at the size of the bubble, I don't see it being all eaten by inflation. So fiat will lose a few % a year, while the stock market could krach 30% or more quite easily.

[Richy_T]

(But for the love of god don't buy an expensive car with it, that's just stupid)

To be fair, if Bitcoin gets to 1M, I may buy an expensive car with it:)

[Richy_T]

Of course this thought has also crossed my mind.  But I feel like the fundamental landscape will make this hard.  Demand for the asset would have to be dried up, and I have a hard time seeing that being the case right now.

Worth considering that public announcements have a tail effect as it takes people time to jump on, get exchange accounts, paychecks etc. Though the next big thing seems to be likely to be any stimulus that might materialize.

[Wekkel]

... Random rant and insults...

j

So fuck off and don't read my post.

Whine about non-existent BTC dumps (or shill altcoins) and get the JJG Slap.

This is the WO way 

[Richy_T]

Why does he sold all his coins at the bottom? I can't get it even now. If you have a work and hobby, you can just "forget" about your coins. If it fail, in factnothing will change for you. Yeah, you will regret this all your life "Oh, i could sold it and bought new Cadillac for myself!". But what will be (in fact what already happened in mindrust case) if this will success? If you've sold at the bottom, you will regret your actions much stronger than in if it would fail.

Yes. If you have "a lot" of Bitcoin and it's all just stressful to you, sell 3/4 and put the other 1/4 on a cold wallet in a drawer somewhere. Use the cash wisely, have a good life and if things go well, you'll still end up with more wealth than you'll ever need.

I really need the lockdownz to stop:

Where are you located? Lots of places lockdown isn't much of an issue at the moment. I'd be planning a long vacation in Florida if it was stressing me out. Fortunately, it's not too bad here (though we're in the middle of an ice storm right now).

Yes. If you have "a lot" of Bitcoin and it's all just stressful to you, sell 3/4 and put the other 1/4 on a cold wallet in a drawer somewhere. Use the cash wisely, have a good life and if things go well, you'll still end up with more wealth than you'll ever need.

AKA Never go full fiat.

[explorer]

    7 thousand pages to catch up... Not going to happen.  But all seems well, as we cruise along in the October channel, again.










50k imminent; 100k on the horizon.

This Is Gentlemen.

[Richy_T]

Fiat assets seem more risky that fiat, the stock market in particular. Yes there will be inflation (probably) to reduce the value of fiat somewhat, but looking at the size of the bubble, I don't see it being all eaten by inflation. So fiat will lose a few % a year, while the stock market could krach 30% or more quite easily.

Inflation typically feeds into the bubble. All that printed money has to go somewhere.

Now, of course, some of it is going into BTC too.

[dieselmeister]

(But for the love of god don't buy an expensive car with it, that's just stupid)

To be fair, if Bitcoin gets to 1M, I may buy an expensive car with it:)

Or take a credit for an expensive car, in the best case, you don't sell any btc Ora low amount per month.

I do this with a house. Take a credit and only finance the necessary.

[serveria.com]

... Random rant and insults...

j

So fuck off and don't read my post.

Whine about non-existent BTC dumps (or shill altcoins) and get the JJG Slap.

This is the WO way 

If he's lucky he may as well become a bagholder of RPC (rusty pipe coin) next time 

[dieselmeister]

... Random rant and insults...

j

So fuck off and don't read my post.

Whine about non-existent BTC dumps (or shill altcoins) and get the JJG Slap.

This is the WO way 

Yeah... I know after 12h it's easy to say, there was nothing... After rebounce and the info that there was a long squeeze it's easy to rant and insult like a 10 year aggro kid. Clap clap clap... How awesome. Maybe he can also tell me the lottery numbers from last week.