Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 11451. (Read 26725894 times)

The Fat Controller will pontificate soon.

I see that and may be the next range is $4,100 to $4,300? Come on Bull!

Bed and Breakfast - a term we use in the UK for a (usually) private run hotel that offers bed & breakfast included in the price

I recall that you had said that you were engaged in something like that, and also that you had made a decent quantity of BTC purchases at price levels that were higher than today's price.

As long as you are not screwing yourself with your cashflow by dedicated $200 to $1k every month towards BTC, then you are accumulating a decent quantity of BTC on an ongoing basis with a plan that is much more solid than the vast majority of the world's population that are hardly giving any thought to BTC, and even if some of them are considering a "kind of possible" plan, are not acting on their hypothetical plan. 

In that regard, you are way ahead of the game, even if you might be a little pissed off that you did not buy more in the 3 digit prices and even though you might be a bit pissed off that you could have bought more if you had waited.. but NONE of us really knew.  I was engaging in a similar kind of strategy in 2013/2014/2015.. and really none of us knew then if the price would recover, but my ongoing placement of money in what had then seemed like a bottomless pit, ended up paying off with the passage of time.. and a lot of people would be quite grateful to have been able to have accumulated some BTC in the $200s like I did (even if it was only a small portion of my overall investment and even if some of those BTC had gotten stolen (by hack) later).  The overall package and practice and persistence paid off with a decent amount of profits.

I will admit that your statements that kind of wish for either flat or lower BTC prices in order for you to accumulate more BTC are a bit frustrating for me to hear (read), because I understand your wish and I understand that there are certain ways that you are attempting to achieve personal benefits from a possible negative BTC price situation that could play out... but I personally, don't feel any need, overall to wish for BTC prices to either go down or to remain flat, even if I were in a decently emphasized BTC accumulation phase at the moment, like you are. 

In other words, yes, there seems to be a great benefit on a personal level for you to attempt to accumulate more BTC - but you have also established a decent BTC position too, in order that you benefit on a personal level from BTC UP prices, as well.  In other words, you benefit from any of the short term plays of UP or down or sideways as long as the longer term price outcome of bitcoin prices is higher than today's prices (which seems pretty likely)... Of course, you can still greatly profit from BTC, even if your portfolio does not exactly reach what you would consider to be "fuck you" status, so in that regard, to me, there seems to be little to no need for you to project wishes of either BTC prices to go down or sideways, even if you, personally recognize that you can personally profit from either of those such less bullish short-term outcomes, even if they were to play out that way.

B...nb?

dafuq is that?

I’ve got two goals (accumulation wise). The first one I can reach if we stay under 5k or 6k until the halving.
The second one is unlikely to be achievable but more of a fantasy target.

You are expecting way too much if you are planning your finances around a break out to the upside that has less than 50/50 odds of happening. 

In other words, you will be causing your own psychological issues if you are betting on up when the odds are against you.


yes, if anyone is trying to squeeze this lemon for short-term profits out of a directional situation that is questionable at best (but perhaps leaning slightly towards bearish), then you can play around with shorts that may or may not result in various levels of profits.

On the other hand, if anyone has a longer time horizon.. let's say at least 2 years (which is really NOT very long to be investing into an asset), then that person seems to have pretty decent chances that any BTC quantity that s/he buys in our current price range of $3,500 to $4,100 should be decently profitable by then... at least the BTC price should be higher than the purchase price.  Of course, if the time horizon is a bit longer, let's say 5 years, then the odds for higher seem even better.

One thing is having decently good enough trading skills and even resources (access to exchanges) and a systematic approach for shorting BTC that seems viable to play, but probably more than 95% of anyone considering a possible BTC investment plan about getting into BTC does not have those kind of skills nor temperament... perhaps in this thread, the ratio is a bit higher, maybe 15%-ish of the participants could carry out such a shorting plan in a profitable and systematic way?

In other words, for the vast majority of folks, fuck shorting BTC, and just think about BTC accumulating and hodling strategies and tactics.. that involve dollar cost averaging and buying on dips ... even now.. even if the BTC price goes down for another year or more... it is much easier... especially if you have at least two years, and even better if you are ready, willing and able to stick with your BTC buy/hodl strategy for 5 years or more.

Market makers stocking up on BNB - planning on increased volume - bullish.

Depends on many things JJG.

I am throwing like $200 to $1k every month since last year.

I bought $1.7k worth of bitcoins while the price was above $10k. Bought a lot more when the price was between $5k and 10k and much less than that when the price was under $5k.

If the price stays under $5k for at least 2 years, maybe I can reach my goal before $100k. Maybe $50k would do the job.

Depends on many things. I really want that "fuck you all money".  

$3,750 - $3,850 is the new $3,350 - $3,450

If you are constantly plodding away in terms of striving towards BTC accumulation without taking big risks or making BIG bets, while largely betting on long term UP, then seems to me that your chances become better and better that you will have some financial independence and "fuck you" money at some point.. and perhaps such point will come before BTC prices reach $100k?

It seems to me that a necessity of a BTC price of $100k is a bit of a high target - because it is possible that BTC prices will never reach there or that the timeline for reaching there is drug out longer than expected; however, I noticed that even though I had been accumulating BTC since late 2013, for a few years, it was not clear how much I would need BTC prices to become in order that I would feel comfortable in my "fuck you" money achievement. 

Nonetheless, I have found that if a BTC HODLer/accumulator continues to act prudently in accumulation/HODL tactics and strategies and don't take rash actions, the target BTC price for achieving "fuck you" status seems to become lower and lower - merely because little by little the BTC stack amount are going to become higher and higher - especially if you can also figure out prudent ways to profit from BTC volatility, which seems nearly inevitable.

My BTC projection method has tended to be outlined as considerably conservative, so actual BTC price performance (and what actually has happened in my BTC portfolio) has, so far, tended to quite highly outperform the better case (and probable) scenarios of earlier expectations - which causes the "fuck you" BTC price level to become lower and lower the longer that I continue to eat away with my long term plan and strategy without falling into temptations to take rash actions.

Well, I see your point. However, profiting in such a market requires being ready to short - at least for me it does. Shorting is not something I do happily, and when I do short it's always with a definite goal in mind or as a hedge against a risky long.

Atleast you made a profit while some of us are just cutting our losses.
This market has just been a clusterf**k for all who expected the end of the month to pay out for those who held out this long.
Only a good pump a week earlier then back down. You wouldve gotten more out of going to orchids of Asia day spa.

meanwhile LTC:BTC slowly ratcheting up

Bull Market music

"Everybody just crying out,
Crying out, calm down, calm down.
Have your Pumps and pride!
Ease it and happily, nicely calm down.
Have your Pumps and pride!"

https://www.youtube.com/watch?v=FB-DgI7wM1Y

Toots & The Maytals - Pump & Pride (1972)

 (still think we touch 3400 for a sec before next big pump though, buy the bull market dip)

The short term oscillations are getting smaller and smaller. Easiest to see on the 15 min chart probably. Smallish breakoutish? Down or up? I'm flat again, after a fat whole 25 mBTC profit.

I put my trust on the white paper. (Not all yet, but I am getting there  ) I hope some day I will be able to rescue myself from this hellhole. $100k/piece would suffice.  

sorry for your lost

BTCFTW!

QFT.

BTW mindrust I feel for you.

He was also planted by the US.

I know it because I am from Turkey. Before he got elected, he was nobody. He was sitting in a jail cell. First they let him out, then he made a trip to the US and after a few months he was elected. He is around since then.  

17 fucking years btw.