Paashaas
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Activity: 3514
Merit: 4560
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May 19, 2021, 10:49:59 AM |
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Really really interesting read on the recent dip which dip? from Glassnode: The Week On-chain (Week 20, 2021) As Elon Musk reverses his Bitcoin sentiment, new entrants panic sell and long term holders step in to hold the line.
| ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fo8WuEji.png&t=665&c=7BuTUXjDR8ioGA) | ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FCng1j6R.png&t=665&c=D8NQrB_CDDoJCQ) | | Inflows to exchanges are reaching critical levels | Weak hands are selling, diamond hands are buying |
Almost 17.000 coins withdrawn from exchanges this morning. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FSzsc8WQ.png&t=665&c=WCHbDN7I2P1Dnw)
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BitcoinBunny
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Activity: 1512
Merit: 2751
Far, Far, Far Right Thug
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May 19, 2021, 10:55:06 AM |
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By the way what's going on with all these UFO sightings recently and the US military admitting to seeing them so often?
Are we expecting some type of Star Trek First Contact meeting with aliens soon?
To be honest I never believed any of the stuff in the past. I do remember being pretty freaky scared after seeing The Fourth Kind in the cinema over ten years ago (I even congratulated the director at the time on Twitter for his accomplishments -when I was on there- and got real nice replies back) but after that I never thought the distances in the universe make alien visits possible at all and reckon intelligent life is pretty unique, perhaps completely unique and mostly just a pure fluke of chance.
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shahzadafzal
Copper Member
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Activity: 1652
Merit: 3006
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May 19, 2021, 10:58:41 AM |
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$38k .... EVERYBODY STAY CALM!!!!! ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fd1dlh1v05qf6d3.cloudfront.net%2Finformation%2Fuploads%2F2018%2F06%2FTalkativeAcademicAfricangoldencat-size_restricted.gif&t=665&c=CFoJGYRuEU6sug)
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Paashaas
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Activity: 3514
Merit: 4560
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May 19, 2021, 11:05:07 AM |
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By the way what's going on with all these UFO sightings recently and the US military admitting to seeing them so often?
Are we expecting some type of Star Trek First Contact meeting with aliens soon?
To be honest I never believed any of the stuff in the past. I do remember being pretty freaky scared after seeing The Fourth Kind in the cinema over ten years ago (I even congratulated the director at the time on Twitter for his accomplishments -when I was on there- and got real nice replies back) but after that I never thought the distances in the universe make alien visits possible at all and reckon intelligent life is pretty unique, perhaps completely unique and mostly just a pure fluke of chance.
Beyond me why people don't believe it, they are literally flying in the sky it can't be more obvious than that. Soft disclosure i guess and yes they are planning something. Enjoy the show.
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somac.
Legendary
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Activity: 2102
Merit: 1236
Never selling
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May 19, 2021, 11:28:06 AM |
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Fuck sake. An asset this large selling off this much, for no good reason, is stupid. New Bitcoin entrants are not what they used to be. There should be a big bounce off this evetually if not it makes zero sense.
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Hhampuz
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Activity: 2968
Merit: 6092
Meh.
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May 19, 2021, 11:30:56 AM Last edit: May 19, 2021, 11:41:17 AM by Hhampuz |
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This is just annoying now, back in hibernation I guess wake me up when we hit $75k.. in like 2-4 weeks.
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milkshock100
Member
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May 19, 2021, 11:32:36 AM |
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BitcoinBunny
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Activity: 1512
Merit: 2751
Far, Far, Far Right Thug
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May 19, 2021, 11:33:12 AM |
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Hopefully no one got duped into pouring their life savings into Shiba Inu recently. Especially with that EV salesman tosser around.
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spiderbrain
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Merit: 1013
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May 19, 2021, 11:35:16 AM |
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I'm just mesmerised watching it all burn, oooooh....
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somac.
Legendary
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Activity: 2102
Merit: 1236
Never selling
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May 19, 2021, 11:39:38 AM |
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Hopefully no one got duped into pouring their life savings into Shiba Inu recently. Especially with that EV salesman tosser around.
Yeah shitcoins finally starting to cop it, my god they deserve it too.
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Phil_S
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We choose to go to the moon
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May 19, 2021, 11:40:33 AM |
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This is just annoying now, back in hibernation I guess wake up me when we hit $75k.. in like 2-4 weeks.
I'm also waiting for $75k, thinking of selling 10-15% at that level... Really hope we'll get there in 2 months or so.
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somac.
Legendary
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Activity: 2102
Merit: 1236
Never selling
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May 19, 2021, 11:43:59 AM |
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This is just annoying now, back in hibernation I guess wake up me when we hit $75k.. in like 2-4 weeks.
I'm also waiting for $75k, thinking of selling 10-15% at that level... Really hope we'll get there in 2 months or so. If this is just a correction in the bull market, it is possible, if not, wait might be more like 6 months. And if we have to wait for another halving, well, I hope not.
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IntroVert
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May 19, 2021, 11:45:13 AM |
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Buy orders filled at 36.5, 37 and 37.5K. Love it when there is blood on the streets.
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gallianooo
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May 19, 2021, 11:45:52 AM |
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36.3K Bottom ? Roll Eyes
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philipma1957
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'The right to privacy matters'
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May 19, 2021, 11:48:12 AM |
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A generous gesture, but, still, you should buy when stuff is going up and sell (or holdl) when things go down, NOT vise versa. BTW, it is difficult to do, granted, I even bought a small amount of COIN when it was on the decline slope, but started to temporarily recover. Not buying that anymore after reversal. Hodling all btc, not selling a satoshi.
I sell on the way up in ladders. and I buy on the way down in ladders. It is almost the same "system" as @JJGs. It ought to be the exact reverse/opposite. I know that it sounds counterintuitive, but it is supported by many leading market practitioners and my own 24 year long market experience as well. Just my 2c. Of course, I have frequently asserted that my system works quite well for me in terms of what I have done in bitcoin.. and no real need to redescribe it at this point.. beyond to say that it buys on the way down with buy orders set down to about $13k currently.. and sell orders that go up to about $100k currently.. But I do have some real world deals that may well cause me to change some of my orders and also give some considerations to me cash on-hand considerations.. including potentially removing some of the sub $30k buy orders.. even though this does seem to be a time to be keeping those in place... but in the real world, I hardly gives no fucks.. and I can even shave off some extra BTC at any time that I want to.. even though it is seeming right now would not be a good time to do so.. but my decision does not have very much at all to do with whether the BTC price is moving UPpity or DOWNity... and just a matter of already being in "fuck-you" status that mostly allows to NOT pay so much attention if the shaven off portions of the BTC stash are in 65x profits or they "only" happen to be in 32x profits. or even some smaller number.. assuming a cost basis of around $1k per BTC. Even though my authorization to be able to sell as needed above $5k went into effect sometime after the 2019 recovery from the 2018 dippening. My authorization to sell above $5k as needed has been reverted into using the 208-week moving average as my guidance in terms of whether I may remove myself from being able to sell or to shave off some BTC here and there at will, which allows me to sell without worries so long as the price is above the 208-week moving average.... and largely I am able to sell up to 12% per year based on those numbers.. which seems a bit high, and I have not even come close to selling much of any (beyond a few percent here and there and even those were subsequently largely replaced)... So anyhow, the 208-week moving average is currently approaching $12,500-ish.. so even shaving off some BTC now (at these current prices of $40k-ish).. would still result in 3x more value than the 208-week moving average, if I were to want to shave up to 12% per year of the 208-week moving average total which I may well restrict myself to 3% per quarter, but have not thought it through yet since it has NOT yet needed to actually be applied.. yet... so hopefully no panic from me, if all of a sudden I might need to shave off some BTC and it might go higher than the limits that I had already set for myself. hope that it does not happen, but I feel decently secure, currently. I surely understand that there are going to be some folks who might consider any kind of selling to NOT to be a good when the BTC price is going down, and surely I agree with that, so I tend to prefer to time any sales for when the BTC price is going up, in the event that I were to need to make any sales.. which currently, I am still in the buying on the way down mode.. as I already mentioned.... Sorry to confuse peeps with personal details because personally tailorizing anything that you do (including bitcoining) does seem to be a quite winner strategy - even though the individualized particulars from time to time might not apply to others... especially if we consider if that BTC HODLers are likely in various different locations and degrees of whether they are largely accumulating, maintaining or liquidating, so understanding where one HODLer might be in comparison to another HODLer may well help to be able to appreciate why one HODLer may have taken his/her particularized tailored approach in the event that they were to be asked further regarding personal details and see if any of that might apply to the circumstances of other peeps or how they might plan and strategize their own approach to bitcoin based on their personal situation and whether they are in accumulation stage, maintenance stage or liquidation stage (or some hybrid variation). Due to mining at a profit of multiple coins. Btc and others At this time I sell the other coins for cash as needed. I hodl the BTC I mine. it is why the the ladder system works for me. I have cheap power and mine unmentionable coins that I don't care about except as a way to get more btc and to have some cash. So these dropdowns mean I get more BTC.
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bitcoinPsycho
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Activity: 2590
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$120000 in 2024 Confirmed
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May 19, 2021, 11:49:47 AM |
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Watching alts get recked kind of soften the blow
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modrobert
Sr. Member
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-"When the going gets weird, the weird turn pro."
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May 19, 2021, 11:49:57 AM |
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I'm just mesmerised watching it all burn, oooooh....
Exciting times... Thinking of a proper analogy; an airliner having an engine on fire with many passengers heading for the exits (FUD climax), then slowly realizing jumping without a parachute at 38 000 feet is probably a bad idea (selling at huge loss), especially with an incoming asteroid bound for earth (hyperinflation), lets calm down and deal with the fire instead (buy at dip and bounce).
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vapourminer
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what is this "brake pedal" you speak of?
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May 19, 2021, 11:50:16 AM |
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Graduating from titanium plates to raw existential angst for my testicle-smashing routines is really paying off, yo.
might soon need plates made from unobtainioun or something from Planet X. or maybe antimatter.
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somac.
Legendary
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Activity: 2102
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Never selling
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May 19, 2021, 11:51:02 AM |
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36.3K Bottom ? Roll Eyes
There's been a lot of bottoms lately. Watching alts get recked kind of soften the blow It helps a little.
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Dabs
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Activity: 3416
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The Concierge of Crypto
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May 19, 2021, 11:52:06 AM |
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36250 bottom, then someone bought the dip. Going up now. May be too soon to say. Maybe people are just waking up now and forgot to program their bots or something.
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