Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12237. (Read 26710702 times)

hero member
Activity: 1358
Merit: 834

I completely agree however, we must take into consideration that many people invested last year, with a buy in much greater than ours. They could already be at a loss or close to a loss, which puts them at a very different mind set to us who, would need a far greater drop in price to be in their position.

Yeah . My mind set changed completely last week when the price reached my average and I become at loss.
Watch out for this once you're back in profit. Your mindset will do the inverse if we start mooning and that can be just as fatal as what you are experiencing right now. It just won't feel bad until it's too late.
hero member
Activity: 1848
Merit: 640
*Brute force will solve any Bitcoin problem*
I think that you're being emotional and shouldn't invest at all if you can't handle massive red candles. Selling now is like buying at >15k. Now is not the time to sell, but to keep cost averaging in.

There is no guarantee that bitcoin will really bounce back one day . I believe it will, but I am totally unqualified.

Putting more money is foolish, if you already put all the money you have reserved for high risk assets.

In past it bounced from much lower marketcap, much lower media attention, much lower infrastructure (exchanges, media, wallets, ATMs, stores that accept etc).

It's not certain that it will ever reach 10k again. I believe it will, as everyone here. But how much are you willing to bet that it will? That's he point.

I am not %100 sure that we'll be seeing another ATH. Let's say I am quite positive. %80.

But on the other hand I am damn sure (%100) we will see another

OVER 9000! meme again in a couple years.

over $999 Wink lol

Oh yes ‘LOL’

 Roll Eyes

gemblitz man, your presence on this forum is fucking pointless.

DIE !!



 Cool

BUY BUY BUYYYY!!! WEEEEEEEEEEEEEE
hero member
Activity: 1358
Merit: 834
The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.

Agreed. It's an absolute classic noob move but it's also 100% understandable. It's how regular human minds work.

Unfortunately the people you're trading against know this and do not have regular human minds. 

I completely agree however, we must take into consideration that many people invested last year, with a buy in much greater than ours. They could already be at a loss or close to a loss, which puts them at a very different mind set to us who, would need a far greater drop in price to be in their position.
What you are describing is the inverse scenario that we are having right now. People buying into hype, selling into fear. Some people never learn this error in judgement, some take a few market cycles and wipeouts to learn it, some learn it before entering any market. But the fundamental principle remains, if you buy into hype and don't set aside some profits you'll probably get burnt. The same is true for selling in fear instead of buying and/or holding.

Ahhhhhhhh

Thank you millionaire, gentlemad and lfcbitcoin

I will hold this shit until it goes up. You are right.

Thanks

Of course, there are edge cases. Some assets will keep climbing for a very long time, others will go to zero. But that's where diversification and value analysis (should) come into play, not succumbing to human psychology.

Make sure you really understand this and don't fall for the trap of "omg why didn't I sell" if we go down further after the fact. The (mathematically) most sensible thing to do is to keep buying in small batches and decide on different price targets at which you will sell. This includes higher prices at which you take some partial profits, as well as a full stop at which you get out of the game entirely. I'm personally riding down to zero if I have to, but for others it might be more sensible to scrape.

Just be aware of how markets function and decide on your strategy before you get into the game, and then take whatever you get without beating up yourself over it. Invest that energy in learning how to do better next time instead of FUDding/FOMOing out/in.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Simple yet solid advice there ^^

I'd qualify that as when people are truly deranged, not just bullish or gloomy. $20,000 was derangement and you could see that by how rapidly it happened and how rapidly it tailed off.

I'll never bother selling with the intention of buying back. I'm incapable of getting it right.

Oh yeah once I sell that’s it. I won’t be buying back in.
I’ll sell a % after the next halving & won’t attempt to buy back in. I’ll just HODL the rest & enjoy the fruits of my labor.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
I think that you're being emotional and shouldn't invest at all if you can't handle massive red candles. Selling now is like buying at >15k. Now is not the time to sell, but to keep cost averaging in.

There is no guarantee that bitcoin will really bounce back one day . I believe it will, but I am totally unqualified.

Putting more money is foolish, if you already put all the money you have reserved for high risk assets.

In past it bounced from much lower marketcap, much lower media attention, much lower infrastructure (exchanges, media, wallets, ATMs, stores that accept etc).

It's not certain that it will ever reach 10k again. I believe it will, as everyone here. But how much are you willing to bet that it will? That's he point.

I am not %100 sure that we'll be seeing another ATH. Let's say I am quite positive. %80.

But on the other hand I am damn sure (%100) we will see another

OVER 9000! meme again in a couple years.

over $999 Wink lol

Oh yes ‘LOL’

 Roll Eyes

gemblitz man, your presence on this forum is fucking pointless.

DIE !!
legendary
Activity: 2604
Merit: 3056
Welt Am Draht
Simple yet solid advice there ^^

I'd qualify that as when people are truly deranged, not just bullish or gloomy. $20,000 was derangement and you could see that by how rapidly it happened and how rapidly it tailed off. Same goes for the utter euphoria on r/ethtrader where triumph was unequivocally in the bag.

I'll never bother selling with the intention of buying back. I'm incapable of getting it right.
hero member
Activity: 1848
Merit: 640
*Brute force will solve any Bitcoin problem*
I think that you're being emotional and shouldn't invest at all if you can't handle massive red candles. Selling now is like buying at >15k. Now is not the time to sell, but to keep cost averaging in.

There is no guarantee that bitcoin will really bounce back one day . I believe it will, but I am totally unqualified.

Putting more money is foolish, if you already put all the money you have reserved for high risk assets.

In past it bounced from much lower marketcap, much lower media attention, much lower infrastructure (exchanges, media, wallets, ATMs, stores that accept etc).

It's not certain that it will ever reach 10k again. I believe it will, as everyone here. But how much are you willing to bet that it will? That's he point.

I am not %100 sure that we'll be seeing another ATH. Let's say I am quite positive. %80.

But on the other hand I am damn sure (%100) we will see another

OVER 9000! meme again in a couple years.

over $999 Wink lol
legendary
Activity: 3276
Merit: 2442
I think that you're being emotional and shouldn't invest at all if you can't handle massive red candles. Selling now is like buying at >15k. Now is not the time to sell, but to keep cost averaging in.

There is no guarantee that bitcoin will really bounce back one day . I believe it will, but I am totally unqualified.

Putting more money is foolish, if you already put all the money you have reserved for high risk assets.

In past it bounced from much lower marketcap, much lower media attention, much lower infrastructure (exchanges, media, wallets, ATMs, stores that accept etc).

It's not certain that it will ever reach 10k again. I believe it will, as everyone here. But how much are you willing to bet that it will? That's he point.

I am not %100 sure that we'll be seeing another ATH. Let's say I am quite positive. %80.

But on the other hand I am damn sure (%100) we will see another

OVER 9000! meme again in a couple years.

And if we ever pass 9k, then $20k won't look that far away.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
{snip}
But if you sell into euphoria and buy into fear you're going to do better than 95% of others.

Simple yet solid advice there ^^



If you would be absolutely right.... one year till 6K- BULLrun till 280K

Then it would be best for 1 year world travelling (not watching price) and really think “what am i gonna do” when Corn is @ 280k-ish
Grin

Keep feeding us HM


$280,000 per bitcoin...FUCKING HELL, just imagine. I’ll probably sell 10 at $100,000 to be honest. You’d be silly not to.
Instant millionaire (fiat wise).
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
Price is stagnating now... you guys see still a downtrend but we are approaching the end of the year.

Difficult to predict but I sniff a pump before the 31th December.

Let’s hope so, I see more sideways with a potential for slightly lower. I think we’ll rally to over $5,000 by the end of February though.

Regardless of small price movements (and that’s what they are atm imo) ......BTFD!

thought your range was more in this direction :6245    LFC_Bitcoin

it would be better Wink



$6245 is over $5000 Wink

I think we’ll start to move upwards in Feb regardless of BAKKT, even if they delay again.

These prices are literally ‘cheap coin’.
Like Hairy said, this is a once in a lifetime opportunity, I am buying more but I just wish I had a lot more fiat.

I agree but I think we will be in this hole or lower until late 2019.  A February recovery is too early for me.  I am buying now just to hedge in case I am wrong.   

i'm a bit curious, lets say it goes how you are saying it .... longterm that major bullish (and for you best work out road for BTC?) as in healthy etc

let say theres a recovery much sooner ... february-march-may, and a BIG BULLrun following , would you say its more bad or ?

or all the same but just another unexpected road followed by BTC?

I think we have gone deep enough that this could be a base for the next bull run (from a technical / charting perspective), especially if we steeply climbed back of our current hole and leveled off at $6k. 

That would be hugely bullish.  I also think it highly unlikely.  I don’t think we will see $6k again before 2020. 
If you would be absolutely right.... one year till 6K- BULLrun till 280K

Then it would be best for 1 year world travelling (not watching price) and really think “what am i gonna do” when Corn is @ 280k-ish
Grin

Keep feeding us HM
legendary
Activity: 2352
Merit: 6089
bitcoindata.science

I completely agree however, we must take into consideration that many people invested last year, with a buy in much greater than ours. They could already be at a loss or close to a loss, which puts them at a very different mind set to us who, would need a far greater drop in price to be in their position.

Yeah . My mind set changed completely last week when the price reached my average and I become at loss.
legendary
Activity: 2604
Merit: 3056
Welt Am Draht
I completely agree however, we must take into consideration that many people invested last year, with a buy in much greater than ours. They could already be at a loss or close to a loss, which puts them at a very different mind set to us who, would need a far greater drop in price to be in their position.

But the more elderly members expressing their views went through the exact same thing. I was underwater for getting on for three years with BTC.
full member
Activity: 242
Merit: 110
The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.

Agreed. It's an absolute classic noob move but it's also 100% understandable. It's how regular human minds work.

Unfortunately the people you're trading against know this and do not have regular human minds. 

I completely agree however, we must take into consideration that many people invested last year, with a buy in much greater than ours. They could already be at a loss or close to a loss, which puts them at a very different mind set to us who, would need a far greater drop in price to be in their position.
member
Activity: 61
Merit: 47
If you did not continuously admit to bcash shilling, ...

I have never admitted to 'Bcash shilling'. You need -- once again -- to check your definitions.

I have admitted to advocating for Bitcoin Cash. I will admit to advocate for Bitcoin SV.

But the universally recognized definition for 'shilling' is predicated upon renumeration for advocacy of some thing that one would not advocate for if the payment was not made.

I have never shilled for any crypto.

Your insistence in misapplying such charged language only marks you as disingenuous. And is evidence of the actual hostility in this conversation.

Rubbish.  You constantly talk your book.  And you carefully provide misleading information when you do so.  Most of the time, what you say may not be technically wrong, but invariably amounts to a misrepresentation in the broader context.  And some of the time it is outright fabrication.

This discussion is a case in point.  You are relying on a historic definition of the term shill.  We both know that is not how the word is used in 2018 in the crypto community.  But you think yourself marvelously clever for having made the distinction.   It would be most accurate to say you are a fraud and petty conman.



Well said. This is the reason i moved him on my ignore list.


Lulz @ "We use a term incorrectly, thus you using it correctly is incorrect."

edit- grammar
legendary
Activity: 2604
Merit: 3056
Welt Am Draht
Ahhhhhhhh

Thank you millionaire, gentlemad and lfcbitcoin

I will hold this shit until it goes up. You are right.

Thanks

That's just my take for myself. Your circumstances may be very different. Take observations on board by all means but do what works for you above all.

But if you sell into euphoria and buy into fear you're going to do better than 95% of others.
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
Ahhhhhhhh

Thank you millionaire, gentlemad and lfcbitcoin

I will hold this shit until it goes up. You are right.

Thanks
hero member
Activity: 1358
Merit: 834
The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.

Agreed. It's an absolute classic noob move but it's also 100% understandable. It's how regular human minds work.

Unfortunately the people you're trading against know this and do not have regular human minds.  

Absolutely!
I could sell everything now & I’d still be massively up on what I originally invested. The thing is though, you just know if I do that the price will go to $6,000 or $7,000 & I’d end up buying back half the amount I currently own which would be fucking retarded.


This. If you want to sell you do it on the way up, not on the way down.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.

Agreed. It's an absolute classic noob move but it's also 100% understandable. It's how regular human minds work.

Unfortunately the people you're trading against know this and do not have regular human minds.  

Absolutely!
I could sell everything now & I’d still be massively up on what I originally invested. The thing is though, you just know if I do that the price will go to $6,000 or $7,000 & I’d end up buying back half the amount I currently own which would be fucking retarded.

legendary
Activity: 2352
Merit: 6089
bitcoindata.science
Just as you said that buying at 15k is stupid, in future selling at 3500 could be a great deal. What is it goes to 1500.? That's a 100 gain if I buy back.
The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.


Edit: What if it goes down to $1? It was $1 before, I could sell one Bitcoin and make 3500 Bitcoins! (fat chance)

Edit2: Invest some money in a book on investing and balancing portfolios. Read it, study it. Everything you post cements the fact that you're just gambling based on emotions. Emotions that traders use to take your money and make profits.

It is down 75%, not 90%.

 I am talking about balancing portfolios, when I said that putting more money is foolish if you already invested all you wanted in high risk assets. Less than 2% of my portfolio is in cryptocurrency.

But you are right, I am being emotional. Even though what I am saying makss Sense, because BTC can still fall to 1900 (your 90% down). We are not there yet.
legendary
Activity: 2604
Merit: 3056
Welt Am Draht
The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.

Agreed. It's an absolute classic noob move but it's also 100% understandable. It's how regular human minds work.

Unfortunately the people you're trading against know this and do not have regular human minds. 
Jump to: