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July 31, 2021, 08:05:33 PM *
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Question: Which price is bitcoin going to reach first? (credits to Jay)
$25K - 56 (34.6%)
$50K - 106 (65.4%)
Total Voters: 162

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25375819 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. (157 posts by 13 users deleted.)
somac.
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May 19, 2021, 11:43:59 AM

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

Buy orders filled at 36.5, 37 and 37.5K. Love it when there is blood on the streets.
gallianooo
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May 19, 2021, 11:45:52 AM

36.3K Bottom ?  Roll Eyes
philipma1957
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May 19, 2021, 11:48:12 AM
Merited by tmfp (1)

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.
bitcoinPsycho
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May 19, 2021, 11:49:47 AM

Watching alts get recked kind of soften the blow Grin
modrobert
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May 19, 2021, 11:49:57 AM

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).
vapourminer
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what is this "brake pedal" you speak of?


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May 19, 2021, 11:50:16 AM

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.

somac.
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May 19, 2021, 11:51:02 AM

36.3K Bottom ?  Roll Eyes

There's been a lot of bottoms lately.

Watching alts get recked kind of soften the blow Grin

It helps a little.
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May 19, 2021, 11:52:06 AM

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.
gallianooo
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May 19, 2021, 11:53:31 AM

36.3K Bottom ?  Roll Eyes



There's been a lot of bottoms lately.

Watching alts get recked kind of soften the blow Grin

It helps a little.

EDIT (final) Bottom ?
log2exp
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May 19, 2021, 11:56:11 AM

Past few days, whoever waking up means dump, so we are waiting for the west coast to wake up to give it the final blow?  Grin
somac.
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May 19, 2021, 11:56:24 AM

36.3K Bottom ?  Roll Eyes



There's been a lot of bottoms lately.

Watching alts get recked kind of soften the blow Grin

It helps a little.

EDIT (final) Bottom ?

Ah, gotcha.
shahzadafzal
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May 19, 2021, 11:59:39 AM

bring the next ATH poll back...

ATH in....

May 2021
Jun 2021
somac.
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May 19, 2021, 12:02:13 PM

bring the next ATH poll back...

ATH in....

May 2021
Jun 2021


haha, I like the positivity.


Mempool increasing even more, lots of people want out still.

Orderbook not as promising looking either. Probably a good thing, means whales have bought all the coins they need.
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May 19, 2021, 12:12:43 PM
Merited by xhomerx10 (1)

Oh no! My bitcoin is now worth *checks chart* only double what it was in December.

Been busy the past 6 months.  Good to see nothing has changed here (didn't expect it to  Cheesy)

Also... can we start posting Christmas cards early? Seemed to help back in December  Cheesy

Pentecost is coming up, maybe some Pentecost cards.

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May 19, 2021, 12:13:29 PM

This reminds me of a scene/quote from season 4 of "The Walking Dead"  -  with a little modification

Rick:
They're gonna feel pretty stupid when they find out. . .

Abraham:
Find out what?

Rick:
They're screwin' with the wrong people.   That they sold those coins just before the huge move up.
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May 19, 2021, 12:17:39 PM

Wouldn't be suprised if it bounces back up with $5k - $10k pumps.

Going to $250k requires serious money inflow.

This uber dump will be forgotten very quicky, no one complains about the previous dumps either.

It could dump all the way back to sub $30k..
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May 19, 2021, 12:21:10 PM

36250 bottom, then someone bought the dip. Going up now.

So the current state of dip: 44%.
lightfoot
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May 19, 2021, 12:24:12 PM

44%. Dump for ants.
somac.
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May 19, 2021, 12:25:00 PM

36250 bottom, then someone bought the dip. Going up now.

So the current state of dip: 44%.


That is significant, and while we have just had a bit of a bounce with decent volume, it seems to be now struggling again. I would expect the real bounce to be 5k minimum.

Edit: Just took a look at my updated net worth. Certainly hurts a bit.
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