Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1110. (Read 26709057 times)

Measure in Lambos.

lets see if they push it past 61 k.   that would be around a 10k jump in 1 day.

it would also trigger my next sell point

It did do about 6k in 1/2 of a day even a bit less time than that.

Looks like a good old fashioned short squeeze. Now to see what sort of cascading repercussions it has.

every time I check the price it's 1k higher.  But I have the feeling this is just the beginning ...

 some good candles.  see below

Done 57k Dollar

hey we topped 57 you are too slow bro!

56 and 57 k topped yeah baby

Explanation
Chartbuddy thanks talkimg.com

55555 was passed which is nice.

but how do I like it more more more comes to mind.

there was a sale for 55.9k

and a very quick 56.1k popped up

I must admit I had exactly the same phrase in mind writing that.

But then I recognized it's the opposite:  when you correct for inflation the upside potential in $ terms gets even bigger...





can't imagine how Adam Back ever appears dumb

Party poop.


Adam Back said $100k before the halvening.

He is not looking so dumb, now.

By the way, I was going to say something in one of my other posts about this supposed abnormal event if we were to have an ATH prior to the halvening, but I forgot...

I am thinking that it is not so abnormal to be visiting these prices again, if you think about the extent to which we had a whimpy blow off top last time around, and we had a lot of beating up of the BTC price in the last two years, and especially for the period of about mid-2022 to late 2023.. .. so in that regard, we spent a lot of time in historical abnormally low levels, and so if we make up for those historically abnormal levels in the other direction, that does not seem so weird, and making up for it kind of goes together and potentially attempts to put bitcoin back to where it should have had been in terms of its ongoing natural growth and maybe even might bring it back to a more fair price (rather than being overly suppressed)..

and yes, that's just a theory, because we cannot really know how much the price of dee cornz might have had been overly suppressed between mid-2022 and late 2023.. including that some matters had to get sorted out, too.. . and who knows of the various kinds of worlds that might have had been if some of the seeming froth and bad actors had not been weeded out.. and I am not even suggesting that all of the bad actors have all been weeded out or that the new potentially bad actors are going to be any better than the earlier ones. they just likely do their bad acting in different kinds of ways that may or may not end up being corn-compatible.

Explanation
Chartbuddy thanks talkimg.com

You have to go with your own senses, if you are "ready to exit."  No one can really tell you, and you have to figure out if you want dollar profits in the short term.. and then what is that going to get you?  Yeah, you really  seem to want to buy back cheaper.. but is that going to happen, and is it worth it to give up your BTC for the possibility of buying back cheaper that might not happen.

No one can tell you this. . You have to figure it out on your own... because if the price drops and you did not sell then you will be blaming others for telling you to not be selling.


Of course, I have largely already responded to most of this.

You might realize that my own strategies does not rely on identifying exit points, and largely what I do is sell small amounts without any expectation of buying back, so in order to do that, you need to have enough BTC and perhaps more than enough BTC so that you are not bothered selling any of it.  My raking approach to BTC selling presumes over accumulation of BTC.. and so it does not presume any ability to buy back, even though you could still assign a probability that you might be able to buy back, but from my perspective, the safer underlying assumption is to presume that you are not going to be able to buy back, so then you end up not selling as much and you might choose not to sell any until the price reaches a point in which you might be willing  to shave somme off.. yet that still has to do with your having had accumulated enough (and perhaps too much).


Exactly.. neither the sustainable withdrawal strategy or the raking strategy seem to apply to you, even though you can tweak them in ways to try to use some of their parameters, but I surely am not suggesting them for accumulating BTC, even though they can be used that way as long as you have enough or more than enough.. . .

so you could actually purposefully over prepare for up in order that you are willing to sell at various points on the way up because you overly stocked up on BTC, yet whenever you overly stock up you have to prepare for the price to go down, too.. so you have to be careful that even if you overly stock up, you are not putting yourself into jeopardy in the event that the BTC price either does not go up or the opposite in which it ends up going down and you are not able to sell any at your various price points along the way up.


Of course the other part that you need to do is to make sure that you have a solid enough emergency fund, reserves and a float... otherwise you are gambling.  I don't recommend gambling and most of the time trading is gambling, especially if you have not spent enough time building your BTC holdings.  

So my recommendation is to keep building your BTC by buying BTC.. sure you can lump sum, DCA and buy on dips.. but you also have to make sure that you have enough of an emergency fund and reserves, and the more solid your emergency fund and reserves, then the more aggressive that you are going to be in your BTC accumulation.. so a lot of people don't even save/invest 10% of their salary, but if you are able to establish really solid foundations, then you might be able to invest 30% to 50% of your salary until you get to a stronger position..

And if you tell me that your country sucks and your location sucks and you cannot earn income and the only way to earn income is by trading, then sure no problem, you could be learning trading skills, but still does not seem to be very smart to be trading bitcoin, but you might be able to find various kinds of ways to trade, make money and to stack additional bitcoin, especially if you believe that you can make more money trading than from a regular job.. but if you are just deluding yourself, you might be better to improve your regular job rather than fucking around with trading if you don't really know what you are doing because trading can be quite problematic if you are not sure about how to identify good trades beyond just following influencers or some other problematic ways of figuring it out..

Anyhow, I am not recommending trading even though there could be some guys who are able to make more money through trading than they can in their country.. and they might be able to stack more bitcoin that way.. perhaps? perhaps?  you still have to feed and house yourself and other expenses that you likely have.


-because you are omniscient.

Perhaps? asking for a friend


Your post reminded me to go back.

I was actually trying to find some kind of record in which the BTC price was closest to today, so I had seen something that was December 31, 2021 or may as well call it January 1, 2022... so then these kinds of comparisons can be helpful in terms of figuring out the comparisons.. and I have done that previously, but sometimes the old records are not adequate in terms of when I might have had saved some documents to show a comparison.

After I made that last post, I also looked at my projected BTC sales, so even though right now it appears that I am with about 1.5% more BTC, I can look at my charts and if the BTC price shot up without any corrections and/or abilities to buy back, it looks like my BTC balance would be the same as it was on January 1, 2022 at the time that the BTC price were to hit $120k.

In other words, I am projected to sell about 1.5% of my current BTC stash between current prices and $120k, as long as the BTC price does not correct, and I consider that it is good for us to consider those kinds of possibilities, because sometimes in bitcoinlandia, we have experienced times that the BTC price goes up and it really does not correct very much.

We could even see that happen from around mid October to present, and probably we could even go all the way to the local bottom of $24,920 on September 10, 2023.  There have not been very many great corrections.

Even this whole cycle, from the $15,479 bottom in November 2022, there have ONLY been a few corrections that would have had been greater than 15%.. so that largely means selling all the way up and needing to be prepared for the situation that we might not be able to buy back.. so any sales that we make should take that into account.


Good point.

And that was your namesake post with 993 posts and 993 activity.

Explanation
Chartbuddy thanks talkimg.com

I am thinking that might end up happening, and they might try to hide it by spreading it out, but if there are ONLY so many cornze to go around, what do they think is going to happen?


But what does "irrevocable" mean?

you mean when it gets to supra $1 million, but it does not correct back down again?

That 2030 could be, but that seems a bit too bullish.

My entry-level fuck you status chart shows $1million as the bottom in about mid-2043, and sure I admit that my chart might be too conservative, but 13 years too conservative?  That's why I think that we might be toying around with $1 million and probably higher in 2030, but I have my doubts about it being the bottom by that time.. that would be overly-bullish.. and sure it could happen, but seems like a long shot..


Wow.  You sound like a real weak hand wannabe.

Even though you screwed up, you should just start to DCA and forget about it for 4-6 years or maybe even DCA for 10 years and then reconsider the matter. 

But yeah, maybe you are just putting in too much, and you feel like you cannot afford to lose anything, so you might have to reduce your amount.

I tend to recommend $100 per week, but for you I will recommend $10 per week, even though I don't know anything about your finances... .. but you gotta find an amount that it does not bother you.. and for many people in the west, they can do $100 per week.. .

Anyhow, if you had invested $10 per week in the last 2 years, then you would have invested a total of $1,050 and you would have had accumulated right around 0.04561 BTC (worth around $2,488.71), and yeah it is not a killer amount, yet we can imagine 10x that amount if we were to have had invested $100 per week... but anyhow, you don't seem to have enough will power to invest higher amounts, so just stick with the lower amounts and invest the next 10 years or so, and reassess along the way if you can increase your DCA amount, and don't even think about selling for the next 10 years, and in 10 years, you may well have invested a decent amount. and perhaps you might get some appreciation of value and more options, and if you don't get more options, then you have not gone wrong with $10 per week in order to find out if you might have more options down the road... .

And if you end up doing it for 10 years, then maybe you can continue to do it, and you might even realize that you should increase the amount so that you are able to profit more and to NOT be fucking around with selling before you get enough of the cornz to actually make a difference..

but hey whatever, I am not making this post just for you, since you seem to be a bit of a lost cause in terms of being so anxious to sell the asset that is amongst the best (if not the best) asset ever known to man..