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

[luckygenough56]

A problem for many though I scammed them, my first shift starts back on Monday

i laughed hard  

i didn't work for the last 8 years or so except a 7 months job thanks to crypto
i'm free, that's all that matters, working a shite job for peanuts no thx society

[ChartBuddy]

Explanation

[BitcoinGirl.Club]

Good morning WO!
Observing @ $36,940

It's buy time!

[BitcoinGirl.Club]

Maybe they are asking for partnerships in their business. They know crypto hodlers are rich to afford it 😉

[Sayeds56]

Currently I am worried about Bitcoin, its chart is worrisome, [...]

Nothing against you but that's good to hear. A lot of bear talk can indicate the opposite movement coming.

True, It is possible, History of BTC vindicates that Price action goes against what Market Participants expect and what we hear and see on Main stream and Social Media .

[NotATether]

This sell off is really making me want to punch someone in the face for screwing with my holdings  

COME ON GET SOME F'IN AD TRAFFIC TO MY SITE EH? 

Don't mind me I'm in a foul mood today

[strawbs]

I had been planning to sell a little bit of corn to fund a specific project, and I was about to do so a few weeks ago, but got distracted by a few other life events going on at the time. So now I found myself still wanting to sell a little, but needing to sell roughly double the amount of corn as I would have had to do a few weeks ago.

Psychologically, this raises a few issues. I find it really hard to sell btc at a price lower than it has previously been. "Oh, if only I'd have sold x weeks ago, I would have had $x more. Or I'd only have had to sell 1/x coins instead." I know this is slightly ridiculous, but it just seems better to sell at an ATH, even though I know it may then rise further, than selling at what you already know to be below the ATH. A strange psychological hurdle. Presumably others have this dilemma too? I guess the best way to avoid the hurdle is to set a sell order at a price you would CURRENTLY be happy to sell at, and leave it at that. Then, when the sell occurs, be happy knowing that your former self would have been happy selling at that level (even if your current self might be a little disappointed if the price of btc continues the rise thereafter).

In the end, I suspect I'm going to end up selling a little bit of btc and then rest my mind knowing that eventually btc will again go up in value against the USD, so I will be better off again anyway, in overall fiat terms. Of course, this raises another dilemma because it then gets you into thinking about your net wealth in USD terms instead of BTC (which I increasingly dislike doing).

And all of this sits within an even greater dilemma of assessment of net worth. Again, another psychological battle - I should be delighted with the gains that I've already achieved (which are beyond my wildest dreams at the time of first buying btc) but instead I often find myself lamenting the coins lost in the early days before I became an ardent hodler, and/or lamenting that the coins I have are no longer as valuable as they were at the ATH.

These are definitely problems that I'm happy to have, however! But I guess I'm just wondering (assuming?) that others hear have similar thoughts, dilemmas and hurdles and what they have done about them, or plan to do.

TL/DR: I wish I could see into the future  

[El duderino_]

i hope that you (El duderino_) have not posted this meme yet ... at least i have not seen/found it


https://twitter.com/tobysharp/status/1395925897627250688

I'm pretty sure it has been posted several times.

Was writing the same already.... I think like 100’s of times with same-ish and different text

But that text I think posted most often

But keep posting it, it’s all about the legends that we are !!!

[JohnBitCo]

Bitcoin following this Pattern  

[ChartBuddy]

Explanation

[El duderino_]

This sell off is really making me want to punch someone in the face for screwing with my holdings  

COME ON GET SOME F'IN AD TRAFFIC TO MY SITE EH? 

Don't mind me I'm in a foul mood today

This kind of emotional behavior isn’t the bitcoin way bro

1btc stil 1btc

HODLings unaffected imo

[strawbs]

This sell off is really making me want to punch someone in the face for screwing with my holdings  

COME ON GET SOME F'IN AD TRAFFIC TO MY SITE EH? 

Don't mind me I'm in a foul mood today

This kind of emotional behavior isn’t the bitcoin way bro

1btc stil 1btc

HODLings unaffected imo

Nice. This is the attitude we should all aspire to.

[aesma]

i laughed hard 

i didn't work for the last 8 years or so except a 7 months job thanks to crypto
i'm free, that's all that matters, working a shite job for peanuts no thx society

Trading is a zero sum game, if you're winning others are losing.

It's not a dig at you, it's just not really comparable to work where you make something, provide a service, etc.

[El duderino_]

I had been planning to sell a little bit of corn to fund a specific project, and I was about to do so a few weeks ago, but got distracted by a few other life events going on at the time. So now I found myself still wanting to sell a little, but needing to sell roughly double the amount of corn as I would have had to do a few weeks ago.

Psychologically, this raises a few issues. I find it really hard to sell btc at a price lower than it has previously been. "Oh, if only I'd have sold x weeks ago, I would have had $x more. Or I'd only have had to sell 1/x coins instead." I know this is slightly ridiculous, but it just seems better to sell at an ATH, even though I know it may then rise further, than selling at what you already know to be below the ATH. A strange psychological hurdle. Presumably others have this dilemma too? I guess the best way to avoid the hurdle is to set a sell order at a price you would CURRENTLY be happy to sell at, and leave it at that. Then, when the sell occurs, be happy knowing that your former self would have been happy selling at that level (even if your current self might be a little disappointed if the price of btc continues the rise thereafter).

I would just say.... not selling now only if the circumstances really are that needy... but for selling in ATH times, I never try to time an ATH.... we never know when it stops but like this time when we where 63-64 and where hovering around there, then I would be OK there to sell with a margin of few % lower like between 55-64k when under there no thinking of selling anymore ....

Also the selling for is only when needed, like for a project or something...

[shahzadafzal]

[ChartBuddy]

Explanation

[El duderino_]

[philipma1957]

I had been planning to sell a little bit of corn to fund a specific project, and I was about to do so a few weeks ago, but got distracted by a few other life events going on at the time. So now I found myself still wanting to sell a little, but needing to sell roughly double the amount of corn as I would have had to do a few weeks ago.

Psychologically, this raises a few issues. I find it really hard to sell btc at a price lower than it has previously been. "Oh, if only I'd have sold x weeks ago, I would have had $x more. Or I'd only have had to sell 1/x coins instead." I know this is slightly ridiculous, but it just seems better to sell at an ATH, even though I know it may then rise further, than selling at what you already know to be below the ATH. A strange psychological hurdle. Presumably others have this dilemma too? I guess the best way to avoid the hurdle is to set a sell order at a price you would CURRENTLY be happy to sell at, and leave it at that. Then, when the sell occurs, be happy knowing that your former self would have been happy selling at that level (even if your current self might be a little disappointed if the price of btc continues the rise thereafter).

In the end, I suspect I'm going to end up selling a little bit of btc and then rest my mind knowing that eventually btc will again go up in value against the USD, so I will be better off again anyway, in overall fiat terms. Of course, this raises another dilemma because it then gets you into thinking about your net wealth in USD terms instead of BTC (which I increasingly dislike doing).

And all of this sits within an even greater dilemma of assessment of net worth. Again, another psychological battle - I should be delighted with the gains that I've already achieved (which are beyond my wildest dreams at the time of first buying btc) but instead I often find myself lamenting the coins lost in the early days before I became an ardent hodler, and/or lamenting that the coins I have are no longer as valuable as they were at the ATH.

These are definitely problems that I'm happy to have, however! But I guess I'm just wondering (assuming?) that others hear have similar thoughts, dilemmas and hurdles and what they have done about them, or plan to do.

TL/DR: I wish I could see into the future  

Okay it is tough.
But buy the dip or buy low sell high.

Okay translation you need always have 2 ladders one for buying the dip 1 for selling at new highs.

Too late to set it up in time for a needed sale.  If you need $$ you need $$


think like this.

 0.5 btc for your sell ladder
 1.0 btc for your hodl
 0.5 btc for you buy ladder

I am set up on binance.us to buy down to  29029-28028-27027-26026-25025 is the buy ladder

I am set up on binance.us to sell at 49049-50050-51051-52052-53053

You do not need to match the numbers of the ladder it is conceptional in fact you may make the ladders way longer for down and up.

I feed all this with my ltc/doge mining

I use my eth mining for cash

I hodl my btc mining


I get that most on this thread do not mine.

So the setup is different ie you can dca x a week. say 100 or 1000 or more or less.  do some dca moves.  and set up ladders.  Do it for the next time.

As for this time is you need $$ see if some one will lend you $$ and hodl the BTC

Maybe some one would PayPal you $$ and an escrow would hold the btc.

[ChartBuddy]

Explanation

[luckygenough56]

Slow day. Crypto taking a little breather. Been a long time.

Hope for a little excitment tonight, up or down i don't care as long as it moves