as for the price going up.. i dont really pay much attention really unless its like a 40% move once way or another.
Why are you here then vapourminer? just for
luls, shits and giggles or for some udder reasonenings?
hahahahaha
lulz of course - the memes here have no equal anywhere on the net.
and how do you think i find out about >40% (or so) swings? by reading the WO!
Oh? I suppose that makes some senses, when you put it like that.
This most recent dippening must have truly gotten your attention in a kind of full-time status for at least two months
(but who's counting?), no? Or that lingering in the 40% to 56% correction arena does not count?
And what about the dip in 2018 - dipped 70% in February 2018, and then bounced all over the place, but mostly not less than a 40% correction arena, and then got down to about 85% and then seemed to linger in a more than 50% dippening arena for more than 2 years... so that must have gotten a wee bit of your "attention," no?
i really dont check the price that often, maybe every several days, sometimes longer.
Yeah, I don't tend to check the BTC price too frequently either, probably fewer than 24 times in a day on average.. so it does help that I just have the BTC price running in the background on my computer so I do not even have to check it, I just see it without efforts, and sometimes when I am sleeping I only check the BTC price a few times, and I have even been known to go a whole 8 hours or longer without checking the BTC price, especially while sleeping... or sometimes when I do not have an internet connection, I am able to show really good self-restraint in terms of NOT checking the BTC price.
So, yeah, I consider myself to be a pretty infrequent checker of BTC prices too, relatively speaking.
why so long between checks? because i set my buy/sell ladders up so they can cover a decent bit of oscillation without my attention.
Actually, I am even more proud of my lil selfie on this point. My buy order spread is currently $6k or $7k, so if the BTC price oscillates towards an order being triggered on one end, a decent amount of BTC price movement needs to happen on the other end for a trigger of the order on the other end.. (so for example, when BTC price went down to $29,296 in the past couple of days, I had two buy orders trigger in the mid-$30,xxx and in the mid-$29,xxx.. so now, my next two sell orders will be triggered in the mid-$35,xxx and the mid-$36,xxx) but once the orders start triggering, then they are currently ONLY $1k apart from one another, so quite a few orders could get triggered if the BTC price keeps moving in the same direction once my first orders (of the spread) are triggered.
checking hourly or even just once daily makes it too easy to second guess myself.
It has been a hell of a long time since I second guessed myself - but I think that I would sometimes second-guess myself a lot in the 2015, 2016 and even into the 2017 time-frame... Even though in recent times, I have gotten quite a bit more comfortable with my BTC order placements, there are some times in which decently sized revamping does need to take place up and down the order book - and even if there might be some price movements that might cause me to tweak, too.. but these days those total overhalls (tweakenings) may only happen once or twice in a 6-12 month period, but then might happen a bit more frequently if there is a considerable amount of BTC price action.
For example, in our BTC price move from $10k to $64,895 in around 7 months, I had quite a few sell orders that had already been in place up to around $35k, but then when BTC prices were looking like they were going to cross above $17,250, I started to feel that "this could escalate quickly and I did not want to be caught with my pants down. So, it seems that I created sell orders up to around $70k and then when prices went past $35k, I made sell orders up to $100k.
On a few occasions, I had also done a few downside reconsiderations of several of my buy orders based on some of my removal of a lot of the buy orders between mid-$9,xxx and mid-$15,xxx, and I did some other overall jiggerings that kind of relate to a kind of desire to cash out some of my dollars without really messing up my system and I am still in the midst of that - so i have some hesitancies to say too much regarding what my goals were and what actions I have been taking (and waiting for ) in order for the goals to be reached.. I probably will write more about that down the road.. if it still seems like a potentially relevant and interesting topic.
so once a week, if even that, seems enough. at least for the way i approach this, and looking back on my track record it was the times i had auto pilot set that were the best. guess that means i try set the ladders up as emotionlessly as possible.. so i dont get into scream like little girl mode.
For sure, I cannot blame you for any attempts to reduce the possibilities of triggering screaming little girl mode.. that surely should be a goal for each and every one of us, and I would not even assert that it can be completely reduced to something that might not come out - even if any of us may have thought that we had put in adequate and sufficient mitigating measures.
that being said if the price is on an upward tear (especially 2017, 2021 runs) i will leave the price up on the puter and my wife and i will stare in awe at the honey badgers antics.
Seems likely that many of longer-termers have been in that kind of situation whether we have wifey companion or not... and whether we have accumulated more than 0.21 BTC or not.
Poll
