Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1166. (Read 26611324 times)

https://www.youtube.com/watch?v=_YruT2ROEUc
phucking brilliant ...lmao

also...

GO BITCOIN

Explanation
Chartbuddy thanks talkimg.com

I started in the mid of 2017. We have seen Bitcoin at $4k in Corona days. Still accumulating. Waiting for $100k+. Which we will see soon.

Explanation
Chartbuddy thanks talkimg.com

As a comment:

Yes, wimpy investor #1 has less btc, but he/she also spent $166K less.
Let's assume for a second that the wimpy investor spent all 166K on NVDA on jan 1, 2014 (10 years ago).
That investor would now have (610/3.92)X166K=$25831633 in that investment and can buy 618 additional btc right now (618>>40 extra).
IF the same for AAPL, then 39.55 btc, which is essentially the same; 44.5 extra BTC "equivalent" for MSFT during the same time, beating "aggressive" by 5-10% (depending on how to count-the whole stash or only extra over 40).

What I am getting at: there were many choices (i just gave the three obvious ones) that would have given you the same btc-equivalent for a wimpy, but smart investor #1.
Of course, you needed to have taken a right choice of investment to get there.

Btw, for  a "wimpy investor" who bought a thousand btc at the beginning of 2013 for half of a "wimpy" allocation and never sold any, it would be all academic (sitting pretty on $41.8 mil). I wish i would be smart and "wimpy" like this in Jan 2013, but I wasn't. Everyone deserves the btc price they got...and we all have to live with this maxim.

Explanation
Chartbuddy thanks talkimg.com

Explanation
Chartbuddy thanks talkimg.com

Of course, I cannot judge for you, but it still seems that you have not had a lot of time accumulating because you bought some, sold some and bought some, and in part you seem to be somewhat worried about ongoingly buying BTC is going to raise your average cost per BTC, and I am not really sure if that matters so much in the long run, and to me it seems to be the main question regarding if you believe that you have enough BTC or not.. and you may well have had concluded that you do have enough.

I am thinking that each year since about 2016, I have had some BTC to declare on my taxes, but I am also thinking that if I had been less active I may well not have as many BTC, even though my average cost per BTC is more. 

So maybe you could imagine a more whimpy investor (#1) who might have bought at various scattered times, between 2013 and present and maybe he acquired around 40 BTC for an average cost of $600 per BTC (total invested $24k invested), so he is doing quite well in terms of average cost per BTC. (portfolio valued at $1.7 million)

as compared with a second more aggressive investor (#2) who might have gotten in at the same time, made more mistakes, accumulated 80 BTC, but his average cost per BTC is around $2.4k per BTC... ($192k invested).  It should be obvious that most of us would still rather be the second investor rather than the first one, even though his average cost per BTC is 4x higher than the first. (portfolio valued at $3.4 million)

Explanation
Chartbuddy thanks talkimg.com

Indeed you really started your BTC journey with some hardcore challenge! At least you started with DCAing, which is the way to go! I imagine that when you zoom-out the chart, you probably find it funny now right?   Buying at 1k, would be a crazy privilege from a 2024s newcomer point of view!

I think I was lucky from my side, I learned about BTC in late 2017/2018. I made a sort of "all in" with BTC, so a lot of movements and mistakes.. at the beggining I lost some coins trying to trade lol. I sold some of my BTC in 2021 to buy my house (I recently changed my username on the forum thanks to this), most of my stack is from mining. Enough $ per BTC would be around 17-19k for me, so I am fine with the current value. Not selling now because I consider most of my stack as a bonus for the future/old days ; but I could sell some without "psychological difficulty" if needed at 40k (it would be different if BTC fall to 10k tomorrow  ). BTC already helped for the house, my diploma and some good lazying years, so I am not too greedy anymore, more is welcome but not vital

I am not going to tell you what to do because I don't really know your situation well enough, and of course, you have to come to your own assessment regarding the possible price range of BTC in 2024 versus 2025 versus 2026 and in terms of your own situation.  Front loading in 2025 does not seem like a good idea, and it challenges the idea of why someone frontloads and when he does it.  And, yeah, you may nor may not be in a position to front load if you don't really have much for either reserves and/or for an emergency fund.

Each of us does what he can, and I know that there were times in my life that even if I had figured out bitcoin, I might not have had hardly any money to invest, and my mindset was not even in the right place... so sometimes it can be difficult to figure out various ways to both be creative but while at the same time not taking too many risks, and when I was in college, I used to invest some of my student loans, but I did it in a way that was very conservative because I felt that I had to make sure that I did not lose money while I was also sometimes maybe even planning for various times that I would have had needed cash.. so I am not sure what I would have had done if I had known bitcoin at that time, maybe I would have taken a pretty conservative approach to it.. but I cannot really say since those were way different times..

I am talking about in the 90s.. .. but we don't alway know what we don't know, and we get ourselves into investing into certain kinds of things that we feel that we know and we are comfortable with them at the time, so it could have had been possible that if my college years would have been in the 2013 time frame, maybe I would have learned about bitcoin, or maybe if my college years were happening right now, maybe I would be thinking much differently right now as compared to then, and part of my point is that I did not have a lot of money to invest when I was in college but I was able to get loans, but the loans were for quite a bit less than what seems to be going on these days.

This was all planned by the wall street insider!
Always long this guy to be a winner at life!


https://twitter.com/BTC_Archive/status/1750957003361472852

This also could be the reason for the sudden surge:
https://bitcointalksearch.org/topic/m.63564235
A major tech company stating they have 387 million in BTC
Then again, it could be nothing!

So at the end of the day it's all on the approach and the amount invested In, but a newbie can still get there in two years if he uses his first year to relatively build momentum by building his emergency funds and reserves as he does his DCA. So that the next year he could do a major front loading for his investment, just like a pump.

Explanation
Chartbuddy thanks talkimg.com

Of course, it makes a difference to be on the bottom or the top of that range (a 46% difference), but still. .which way are we going to break out..?   to the top or to the bottom?

For me, it seems more likely to break to the upper side, even though it could take several months before such break were to occur, but still it might not .. it could break in a week.. so I am not claiming to know... and even within the range, we could go down to towards the bottom, and how much are we going to be affected in terms of actions that we are taking?   I would imagine that we are mostly in holding, maintaining and perhaps accumulating a bit or maybe even selling some, but not too much.

Are we buying and selling in this range? 

Of course, I am doing both but it is not like I am doing any such buying and selling in large ways or outside of my system because it just seems to be a zone that we are in.. and then even if we break to the upper end of the zone, then we would end up in noman's land (which is $55k to $82k-ish) (or maybe it could be referred to as bat country? or whatever?).. so what the fuck? it is not like we are going to be hanging around in those there parts for very long either, relatively speaking.


Define "enough"

you have only been registered on the forum since August 2021, so what happened?

Did you do all lot of BTC accumulation in 2022 and 2023, so your bags are largely already filled? 

If you started buying BTC in 2021, then we might be in similar circumstances, although I started buying at the very top of 2013, so it took me a couple of years to start to get comfortable with the stack that I had, even though I largely felt that I had enough within a year of getting in and buying all the way on the way down.. but the down continued... so maybe that is something similar to your entrance into BTC, if we might presume that you started buying BTC at around the time of your forum registration date.

IMO at $40k+ and only 12,000 blocks until halving, we already are on the highway lol

What more do we want,  I mean I agree that there's plenty of reason to be bullish, but personally, I'm not biting off more than I can chew, already enough for me tbh

35 vs 55 would make a solid difference to my 'virtual' number (NOT on the blockchain), but I agree as far as the trend is concerned.

Does it really matter at the end?
It happens
It doesn't
We still seeing 6 digits.
Let's just pass through the bumpy road together
We entering the highway soon.

$35k = meaning


$55k = meaning




$35k ...........................[no meaning zone]........................................$55k






#justsaying

It could easily do so, of course, as 40K has no particular meaning.
42, on the other hand,....the meaning of life