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

[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

[JayJuanGee]

Sorry if i sounded arrogant.

No you are not.

i'm aware holdlers make much more money in the long run, it's just not my thing

Yeah.. who needs to make much more money by doing nothing?  That would make no senses, would it?

Currently I am worried about Bitcoin, its chart is worrisome, I wish i would be wrong but  A death cross is likely to happen which may take the price down to around 28K..



https://www.tradingview.com/chart/BTCUSD/qEnkxHNv-BITCOIN-making-a-Death-Cross-A-Pitchfork-Approach/

Heard that "death cross" nonsense before.  Ever heard of exponential s-curve adoption based on networking effects and metcalfe principles? 

The death cross never heard of dat shit neither.

Good luck with your death cross and your hopening for $28k which may or may not happen.

You may be lucky to get lil fiends for less than $38k, but whatevers, you do you and either fail/refuse to buy or wait for lower prices that may not happen.

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.

That's what I be talking 'bout, willis.

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

[ChartBuddy]

Explanation

[strawbs]

Oh look, no FUD = no price drop.
In fact, more accurately, no FUD = organic price rise.

Perhaps we should start creating our own anti-FUD just to see how fast we can get to $60k again.

"Congress to pass bill forcing all SP500 to keep at least 70% of balance sheet in BTC, sources say."
"Petrodollar-based financial system emits more CO2 than 10 trillion farting cows, study shows."
"Greenpeace to accept only barrels of crude oil as donations, says Greta Thunberg"
"Bitcoin mines running out of bitcoin, sends price soaring, says bloke in the pub."
"SpaceX goes carbon neutral, says nobody ever."

[luckygenough56]

JJG at least i don't have to suffer the trauma of multi-years bear markets  

And it depends at how high you aim, i don't need that much to live.

And it's easy to talk for people who bought at let's say 600 dollars or even less than new blood coming in at 30k, the pain is not the same And it makes u arrogant towards the weak hands who bought high and panic sell  

Last pump buy at 20k it will go 100k !!!! wow even the cleaning lady is buyin' we go go mainstream ! then crack 3k imagine the years of depression for some who listenened to the fanatics of this thread.  The cult i should say.

Cheers

[JayJuanGee]

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.

Does not hurt to remind some of you peeps.. from time to time, especially the emotional ones.. what to do.

Elon's use of the term "crypto" shows his foggy thinkenings on the topic.

[luckygenough56]

he's so sneaky that Elon. Playin and enjoyin himself.

[Richy_T]

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

Sticking with people who are perpetually stoned and can't get your order right then 👍

[shahzadafzal]

Elon's use of the term "crypto" shows his foggy thinkenings on the topic.

of course he's a sneaky fella.. but on the term "crypto" i would say.. this has been a norm lately. Due to media and so called "bitcoin experts" have started calling themselves "crypto experts" and now they use the word crypto as a synonym to bitcoin and vice versa is also true. So no matter how much we hate the word crypto or crypto world ... we have to live with it.

[ivomm]

The good thing about the latest crash: The n00bs that thought there is a faster way to get richer with shitcoins now learned the lesson the hard way: Bitcoin will recover soon, while shitcoins will tank further. May be after 3-5 years some shitcoin will recover, but 99% chances are that your shitcoin won't. This is the newest harvest of shitbagholders. The same applies for the BTC/fiat trend followers. Let me tell your problem, morons. You value fiat way too much, so you prefer to sell screaming like little girls just to "save" 5% of your fiat. And then you are going to lose even that by trading shitcoins. The true BTC hodlers value BTC way more than fiat, so they will never sell everything. This is the biggest mistake one can do. The right question is what exactly you will achieve by selling the last 10% of your stash? If you plan to buy back lower will it matter so much? This is insanity! Some cunt here (I forgot his nick) boasted he sold everything at 50K. That means he bited his nails for 4 months while the price was at 60K+. Now he is gloating that the price is lower, but he is not buying back because he believes the price will fall to a certain number. This number will get lower and lower with the time in his greedy mind, until the price shoots up beyond 50K and that guy remains with the rusty pipe. And while we will celebrate 100K, 500K, 1mil, etc., he will slowly turn into the next mindurst, r0ach and proudhon. Nobody can bear such pain in the soul and remain sane.

[Richy_T]

Elon's use of the term "crypto" shows his foggy thinkenings on the topic.

Let's not forget that Elon is basically a newb and will have newb ideas about the field. Worse, his position means that he has less motivation to do the research (and he is an arrogant fuck).

Also, just because he made a bunch of money skimming online fiat transactions and was able to use it to pay some smart people to build rockets and electric cars does not make him some wise sooth-sayer. One only needs to look into the hyperloop project to see the fallacy of holding that belief.

I don't really have anything against Musk but people need a reality check about what he's about.

[luckygenough56]

This movie is pure gold