Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 11526. (Read 26586450 times)

Money is power. Power is more addictive than cocaine. They did it, bet on it.

Same with Saddam and Gaddafi. Anyone who tries to do their own thing get killed.

Funny thing is that I have probably "made" more on the LTC pump than the subsequent BTC one. Or maybe not, haven't really calculated... but go chikun goooo!

Don't want to shill shitcoins but LTC seems to be moving upwards again, which was the coin that fuelled this little pump by some opinions.

I think I already explained my capitulation is a (real) feeling that maybe we won't be seeing the last ATH in any reasonable time or even ever. I also made it very clear I won't sell and ride this thing to hell. I am THAT stubborn.

I did not fake my capitulation, it was a real feeling and as such I described it.

Yes, I feel frustrated by not having *EVER* cash out a single penny. Trade some (sell higher, buy lower) yes. But that's something I have already recognised.

I also feel frustrated by having to ask for a mortgage to buy a property I could have just bought straight with my paper profits at end of 2017.

But, frustrations aside, I know how this game works and don't complain about anything.

Used to be the same for me but I'm trying to do it differently this time. I've unfortunately run out of ammo for now but will start buying again in March.

It is beginning to sound as if you faked your capitulation, unless you were merely trying to self-induce such capitulation - because in some sense, if you have as much equity as you suggest, then even if frustrated, you are likely not too close to capitulation.

Let's say for example, you though that worst case scenario was around $5k and even that the price would have gone back up for now, and so therefore, you failed/refused to cash out a sufficient amount of BTC to cover some of your expenses for the next year.. and so now you are a bit frustrated by your lack of preparation.

That kind of thing can happen to any of us.  I have expenses too, and I cashed out some BTC and I did not buy back as much as maybe I should have.. and I am kind of building up my fiat right now in order to prepare for down because I largely thought that $5k to $6k would be the bottom... but if you have equity in BTC, you can probably afford to cash a little out here and there... and still have more than enough when the price goes back up, even if it take more than 2 more years before it goes back up in any kind of meaningful and significant quantities to make some kind of decent wealth appreciatoin difference.

Well, I have to be honest and say I have never accumulated during any bear market. I usually start buying again when I think the bear market is over which is obviously higher than the bottom but still way lower than the top.

Nice and clear graphs with explanations which even a total rookie would understand. Sent my last merits on the way

I agree with you that it seems to be a good time to accumulate, but we are not in a time similar to 2017, yet.  We are not even in  a time similar to 2016.  We are either in a time similar to 2014 or 2015.  We do not know which one, yet, and that is part of the reason for such trepidation.

I know that I am making fun of bitserves emotional proclamations from yesterday, but there is certain level of reasonableness to such trepidations because there is no guarantee that the BTC price bottom is still in, and in that regard, we could experience another halvening of the BTC price and further dragging out of more flat, and down before we get to the UP part.

Yes, I would feel a lot more comfortable to get above $6k, but we are a long way from there, and even the pittance of a scenario that I described in my earlier post (getting to $5,900 a couple of times would not be enough to persuade that we are out of the bear market.

So, sure it is nice to play around, including myself, about the emotional outbursts and frustrations of others, and to make fun out of it, but there remains a decent amount of truth to the whole matter... accumulate now, but don't accumulate so much that you are NOT prepared for another BTC price halvening.  Keep some dry powder, just in case.  I don't know the odds of another BTC price halvening, but they are not really low, and may even be in the 30% to 40% territory, which is nothing to sneeze at.

Would I rather go up?  Hell yeah.  Am I going to be bummed out if the BTC price halves again?  yes.   I would also buy, even though I am disappointed because the whole value of my BTC holdings halved again... but I would buy a bit more because that is what my system tells me to do, especially when there is nothing fundamentally wrong with BTC and the actual fundamentals remain stronger than any other crypto project, and that is apart from the shenanigans of various fiat based systems.. but anyhow, several of us BTC HODLers (and accumulators) consider BTC as a fiat hedge... so there we go.. continuing to HODL and continuing to accumulate, even while being somewhat bummed out that the BTC price continues to have some difficulties breaking above some of the price resistance points between here and $6k.. and could reasonably take a good 2 months (great scenario) to 18 months (worse scenario) to get back to $6k and challenging the resistance at $6k.

I think its actually easier to understand when there is higher volatility as the trend is your friend so they say.

And the trend for crypto is decidedly upwards today with strong gains posted across the board. Bitcoin is currently trading in the $3.61k to $3.71k after settling slightly downwards to consolidate from a 10% gain on intraday trading.
1h

4h

Bleh, I am volatility battle hardened. My first "important" purchase reached Bitstamp the day Bitcoin reached $266... with the subsequent drop. I made most of my stash in extreme volatility periods. It is low price low volatility what breaks my nerves... Past bear market I just forgot about Bitcoin (while hodling) but this time I am still here and in that way it is a first time for me. Bring the fucking volatility to me for fucks sake!

Denial.

Good times to accumulate, I'm pretty sure the next rally will come as it was in 2017, from almost nowhere. Lets hope bitserve will add some stash into his bag too and forgets about the capitulation. Fundamentals are getting stronger every day and 1 BTC is still 1 BTC

I agree $4k would be nice.  I know that there are folks hypothesizing that BTC prices have to get above $4,200 to show some reasonable sign that there are decent chances to move upwards... which actually has a reasonableness to it.

Regarding bitserve and his trepidations, I would like to see $5,900 again within two or three months and then even a possible correction down to $4,500 and then back up to $5,900, just to show how giddy bitserve would become through such BTC price movements, and he would forget that he had ever even heard of the word capitulation.  He wouldn't even remember what such word meant.       

I stopped trading around June-July, can't predict anything in this kind of market and don't want to trade with (considerable) losses. Emotions have been pretty numb since sideways $6,500, I'm prepared for anything now.

Like said, don't invest money you can't afford to lose. I learned it the hard way in 2014-2015.

So will he stay capitulated until $6500 or $950,000?

I would be happy if we saw 4xxx again (hopefully soon).

I do not also trade when I am emotional because I know that I will do a wrong decision that can lead to losses. There is still not enough signs that will support the price of the bitcoin. It is really hard to analyze and understand the chart due to its volatility :>.

I hope they really didn't do that to the Venezuelan people.

Bob returning from IP meeting

Yup, I can confirm the accurateness of that index. Yesterday was my all time low. Today I feel like I can breath again.... but I know it's probably a trap though!

Good thing I don't trade when I am emotional... or better said, I get emotional after a while of not seeing any clear trade. Whateva. It works for me.