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

[JayJuanGee]

look like a whale just did that monthly BTC DCA  
that or JJG just realized that DCA is for pussies and finally went all in

I have been in bitcoin long enough in order to not have any kinds of panic episodes or anything like that.  I do remember having a panic episode in around November 2015 when the BTC price shot up from $300 to $500, which was a kind of Fear of Missing out... .. but for me it is difficult to get excited about our current prices, even if we get a thousand or two up or down... well maybe I would be more excited about down a couple of thousand because that would end up breaking the now existing low of $15,479 for this current cycle.

Pretty much I have been an advocate for variations of DCA since I got started in BTC, and of course some of my own practices have evolved over the years, and most of the time when I make any changes it would have been based on incremental changes, and I don't fuck around with large buys or sales, because mostly I am employing some systematic approaches that mostly involve accumulating BTC.. but of course, many folks know that I sell small amounts of BTC on the way up and use those proceeds to buy on the way down.. the sells on the way up are small, so they likely would be at most 5% for around a 100% price increase.. and perhaps not even that much these days**... ..

**Oh, I just looked it up, and it looks like my current sell orders show that I am selling about 1.3% of my current stash if the BTC price were to double straight up from here.  In the olden days, I would allow for the sales of up to 10% of my BTC for every 100% price increase, and so I had not realized how little I had been selling of my BTC stash in recent times... so I guess I have quite a bit of allowance where I am able to sell more BTC, even in the normal course of just raking out some profits, if I feel that I want to sell some for whatever reason, including but not limited to having BTC sell limits that have not even been closed to being met in recent times... and including if I were to have some kind of a real world cashflow desire, want or need... so the next 100% price rise is up to about $35k, and it looks like I have about 2% for the next 100% up to $70k, so even that is pretty low as compared with my historical levels that were likely higher than that.

I bought on the luna crash low in June like 17Kish and bought some more recently to lower my avg price and attempt to buy at the bottom.

I suspect you have none

TrustedBitcoiner only bangs 10s.  Don't you not know nuttin bitcoinPsycho?

 

I bought on the luna crash low in June like 17Kish and bought some more recently to lower my avg price and attempt to buy at the bottom.

I suspect you have none

i'm going to sell some rn, buy the dip sell the rip!

Exactly!!!!

We have seen your know-more-than everybody else type around here quite a bit over the years.  They do not tend to last very long before they get reckt as fuck.. and then turn into bitter whiney no coiners who are waiting for dips that never happen.

[edited out]

DCA is fine, its probably what all the noobs that ran out of money at 30 should have done... and tbh i should maybe of done some DCA, while i did catch some nice lows, the size of my position isn't  where it should be... ahh whatever I bet ill get to buy more sub 17K soon, if not ill just buy on nice pull back and not worry to much about price.

When did you get into bitcoin?

Your forum registration date is ONLY showing July 2022, so there has not been enough time for the DCA of the last couple of years to have had paid off.. even probably have to go back more than 3 years before the DCA might start to show as profitable.

Frequently with BTC, it can take a while for the DCA to pay off and frequently it is longer term DCA that really starts to show itself as being hard to beat by most of the traders. Of course, there are always going to be some folks who are able to beat regular DCA, but it is questionable whether it is even worth all of the effort to go down the trading route.

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[ChartBuddy]

Explanation

[Antisthenes]

You might want to add a carrot to replace the missing vitamin A and eat your burger outside in the sun for some vitamin D otherwise it's not a bad substitution.

Way to go xhomerx10! Go natural, and by all means, forget the supplements - unless absolutely necessary.

Basically you own nothing.

You own Bitcoin, right? That is far from “nothing”.

As for the price of Bitcoin.  I've never felt so bullish over a $150 move upward.  Feels like the trading range just broke and we're about to see a leg up. 

It’s a bull trap, yo
Cycle’s bottom is nigh.

This is just how I have been lately. My feeding pattern has been mostly eating at restaurants.

You cannot control the quality you eat at restaurants, no matter what.

If it was me, definitely a music studio, in fact I'm considering converting the garage into one.

Analog right? #just.kidding.not

Music setup, pool table, modern arcade machine, outlook onto the garden. I think it would be nice.

Blah. How about you just go to the garden instead? Now, that would be nice!

You’re a swine - but that’s nothing new. Your master must be happy for your efforts.

not be getting lots of sun in recent times.

You have never got any sun on your skin, because you don’t have a skin.
Scan this:



Maybe that will burn - to the crisp - your lying quantum processors.

goddamn bro!... that's a little harsh!...
ahhh fuckit!.... this is the wob... anything goes!.... merit sent, lol

Didn’t expect anything less from you.

Oh ffs greekman, satire or not... no one is gonna read that shit. Who fucking cares.

I write for the lurking souls, not for the Devils own war-dogs.
I care.

Interesting...I can think of other uses... (oh jeezus... I'm watching too much porn...)

Apparently. Somehow I think you’re also a rapist.

I did bang a chick on her dads pool table when I was a kid and still have the scars on my knees, I don't recommend it.

Thank God that you can’t “bang” anything anymore.

Good lord! Thats very naughty!

“Naughty” and “The Lord” should not be on the same sentence - you blasphemous swine.

So this is part of the risk and you also need to explain it to him before he starts his investment in Bitcoin within this year.

Explain that he need to chunk buy the - incoming - bottom
Love your personal text btw, not.

Just Believe in JJG ~

Never.

~ and DCA what you can afford to lose.

Fake money in the bank, is lost already. Let that sink in.

TL;DR It is psychologically difficult to peel off money for consumption from assets such as bitcoin.

Actually I’m going to sell a little today - for consumption - and have no second thoughts about it. Feels good.

Screw that. Buy when you can. Sell when you must.

Agreed.
Also never wear a mask, never get the vaccine(s) or tests, and never comply with anything but your heart.

here we go again
another year to observe
i got my popcorn

Good.

One day, we'll all understand
One day, we'll all understand
One day, we'll all understand

Hopefully!

You are absolutely right and your eidetic memory is still amazing

About that, it couldn’t remember what was my cousins account - not too long ago, so no.

[JayJuanGee]

You never showed or established that buying in bulk is better than DCA or that it is even possible without changing hypotheticals.

clearly bulk buying right now, would have been better then DCAing over the past year. (even the past 2 years)

So you want to select a certain period of time in which you see some bitcoin price performance going down, and you want to try to assert that you would have known in advance that the buying opportunities are better now?  

yes, we can see that on the charts.

Give me some kind of a hypothetical of perhaps someone who has $10k per year to invest, and is he going to sit on that $10k and then wait for a dip?

What if we are starting now?  Does he have $10k right now in his pocket? how is he going to invest it?  Then how about the $800 per month that comes, what does he do with that cash flow?  Buy every week as his pay check comes in or wait for dips?

You can even give me a blind hypothetical from any period, but you would be cheating if you do not deal with real matters regarding when the buys should be made and what are the circumstances that justify the buys and how is that going to end up beating some more pure form of DCA.

Give the strategy historically and then give the strategy starting from right now..    Describing after the fact what you should have done.. blah blah blah.. is easy peasy.. but no one knew the BTC price was going to drop to something like 36% below the 200-week moving average.  Remember if you believe in BTC, then you need to attempt to prepare for both up and for down and without being unrealistic in terms of what are the cashflow circumstances of your hypothetical person.... and then how are you going to apply that in a kind of universal way, and within all of that do you expect to actually beat DCA?  How about for normies?  you expect normies to figure out if the BTC price is going up or going down or if we are in a bear market or a bullmarket?.. and then apply your formula for 4-10 years or longer and then see how it worked out.

Afroman making the best out of an unfortunate situation. 
Afroman - Will You Help Me Repair My Door (OFFICIAL MUSIC VIDEO)

Didn't know this guy. Voice reminded me slightly of Zappa with a deeper voice..

Oh?  Did he check with his attorneys first?  It might not be the greatest strategic move, but who knows these days?  We live in clown world, the last time I checked.

[John Abraham]

"be like JJG just DCA"

He doesn't have to do DCA until he does not understand what he is doing and what Bitcoin is.
He should learn more about Bitcoin before he invests. Otherwise, he will blame his friend for even short-term loss.

so he has to "not understand what he is doing" in order to do DCA.
....
Just Believe in JJG and DCA what you can afford to lose.

@ JJG you tell him.
@ everyone else be like JJG just DCA.

I got ten weeks in a row going for 11 next Friday.

The more I DCA, the easier it is to do.

Don't get me wrong here, please. I am not questioning the DCA and JJG. 
Since the guy is a newbie and he asked about Bitcoin,
I suggest they learn more about Bitcoin before they invest.
We know that bitcoin is volatile, and they should know about this.
As I said before, If they don't know about Bitcoin.
They will blame their friends even for the short-term loss.
That was the point if you misunderstood.

[ChartBuddy]

Explanation

[Hueristic]

Afroman making the best out of an unfortunate situation. 
Afroman - Will You Help Me Repair My Door (OFFICIAL MUSIC VIDEO)

Didn't know this guy. Voice reminded me slightly of Zappa with a deeper voice..

https://www.youtube.com/watch?v=WeYsTmIzjkw

[Gachapin]

Afroman making the best out of an unfortunate situation.  
Afroman - Will You Help Me Repair My Door (OFFICIAL MUSIC VIDEO)

Didn't know this guy. Voice reminded me slightly of Zappa with a deeper voice..

https://www.youtube.com/watch?v=WeYsTmIzjkw

Thanks! ok ok this song..
So apparently I knew the guy  

[ChartBuddy]

Explanation

[Unknown Op]

✨ Satoshi Nakamoto announcing the 21 million #BitcoinBTC limit exactly 14 years ago



TWITTER

[nutildah]

https://www.youtube.com/watch?v=WeYsTmIzjkw

A karaoke favorite & all-around anthem

+420 WOmerits

[shahzadafzal]

✨ Satoshi Nakamoto announcing the 21 million #BitcoinBTC limit exactly 14 years ago



TWITTER

Bitcoin was released on January 09 and I joined the bitcointalk forum on January 09..... call it a coincidence?

[ChartBuddy]

Explanation

[BitcoinBunny]

Afroman making the best out of an unfortunate situation.  

Afroman - Will You Help Me Repair My Door (OFFICIAL MUSIC VIDEO)

Corrupt police. But what else can you expect from a country led by corrupt politicians?

Unfortunately it seems the UK (used to be VERY LITTLE corruption here actually) and mainland Europe are only following in these footsteps. :-(

All those bozos that caused untold damage with the unnecessary lockdowns only got rewarded and promoted for their sheer stupidity and often, I suspect, evil corruption.
The exact financial moron in charge in the UK throwing money around during Covid got promoted to Prime Minister. Unbelievable.


If anyone should be raided it's Joe Biden, Hunter Biden and SBF. Three of the biggest criminals in recent US history. We can probably extend that list further with rapist Bill Clinton, criminal Hilary Clinton, Nancy Pelosi, Dr. Fauci and Maxine Waters.

[ChartBuddy]

Explanation

[Negotiation]

https://www.youtube.com/watch?v=WeYsTmIzjkw

A karaoke favorite & all-around anthem

+420 WOmerits

Rally amaging .gif you can make another video .gif for thes funny monents  I really wish one day I could drive around with a car and have some bitcoins with me.

[ChartBuddy]

Explanation

[ivomm]

I must confess something. I stopped caring for BTC's price somewhere in 2022. Then I realized BTC won't change my life the way I hoped. The reasons are not related to the current low price. The problem is my country. There is no such thing as an early retirement. I have to wait until I am 65 years old if I want to get a pension. And this is 15 years away from now. So, I can't quit my job even if were a billionaire. I can't count on the value of my stash for my everyday expenses.  The big money can be spent in a matter of days. Easy come, easy gone. So, I have to keep working, which is not so bad actually. I even work at a 2nd place 300km away and travel once per 2 weeks excluding winter and summer, when I am on vacation. So, what can Bitcoin give to me - just a better protection against the inflation and that I could buy anything essentioal for me and my family. This is good of course, but way too far from my dreams of travelling around the world and buying beachfront villas... I did everything I could - even being all in for the last bear cycle.  So, for me this is kinda dissapointing. But I learned to be happy and live without watching the price every day, feeling bad for the crashes. I will continue DCAing if the price is under 20K but not above. I reached my stash goal which can allow me to live without any concerns. I think it is better this way than to harbour false hopes and live with fears.  

[Gachapin]

.....The problem is my country. There is no such thing as an early retirement. I have to wait until I am 65 years old if I want to get a pension. And this is 15 years away from now. So, I can't quit my job even if were a billionaire...

I don't get it....  why would you need the pension, if you were "a billionaire" (or rich enough) ?

[ChartBuddy]

Explanation