Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12150. (Read 26609629 times)

Yeah marrying isn’t really with any benefits....

And i’m Married already.... fall in love with my BTC’s and married Some cold wallets, sometimes a man gotta do what a mens gotta do

I read somewhere that if you move to & marry in the south of France then in the event of any divorce the guy gets everything.

R.I.P to a great man 

Don't do it! Marriage is a trap!

It is a very young market, the dominant position is BTC
I prefer to be Full Bitcoin.
Bitcoin can be investment or not, but it is better to think long term.

(But each personal situation is different and depends on the moment of entry into Bitcoin.)

+5 WOsMerit's

Ad Astra Tim.  

...at $1700/BCH

https://m.facebook.com/lucky.green.73/posts/10155498914786706
https://archive.is/5XXHF
Timothy C May rip

further eulogy by @shinobi here: https://youtu.be/cvbm0YlKV04
a recent interview with him https://www.youtube.com/watch?v=MgmTnRivwXw

https://activism.net/cypherpunk/crypto-anarchy.html

https://www.wired.com/1993/02/crypto-rebels/

I'm not sure someone who can't identify obvious scams by applying common sense would be capable of staying safe even with exemplary sentences. BitConnect was just way too funny from start to end.

Been saying it forever, but I don't mind them shaking the tree for a lot longer. If we go into a long winter I'll multiply my Bitcorn stash with trading shitcoins. If we go into another rally my Bitcorns will be worth more. In the long term the former scenario would be much nicer for me, but if we just go straight back up I won't complain. In fact, in the short-term I'd be much happier with a BTC rally than with accumulating corn. Fuck you short-term brain.

Whale accumulation month?

Some people are buying cheap from those panic sellers. It will all pan out alright.

As soon as the bankers decide they have shaken the tree for all it's worth we will be seeing a pump with corresponding reports on all the regular news channels about how there is only 21 million ever. That word will get out when they want it dished out to the unwashed masses and then the sheeple will FOMO and if your not in by then then you have missed the last chance to get multi times profit.

Some ~500m claim to own some crypto. Not all of those will own Bitcoin, and most will own small fractions barely distinguishable from dust. Majority of retail investors are panic dumpers too when left to their own tools. Then there's technical trading. I don't really think the price is "strangely" low at all, especially if you consider the FUD and smear campaigns by big finance on top of the aforementioned facts.

First time I've heard of Superdeterminism. Also still don't see how freedom of choice rules out Superdeterminism and vice versa. It's pretty obvious that humans only perceive a laughable fraction of what is really going on, which could also imply that we only perceive a fraction of our own will through a filter that we created. Both sides keep evading the question of what it is that determines. I'd be surprised if language could even get there, but still find it strange how this gets brushed over virtually all the time.

This is what I must regret.

If I had take 10-20% profil I would had recover almost all my investment and would be relaxed now. Possible buying more.

MY MISTAKES (Continuation)

Hedging with alts:

No, I am not going to say hedging with alts is essentially wrong. It makes some sense... but you have to also recognise when to take profits and other things.

First, what are the reasons to hedge with alts? :

- In case Bitcoin has a catastrophical failure (ie. a security vulnerability that that gets exploited). Yeah, it makes some sense to hedge against this scenario but you have to take into account that many other crypto coins share most of the Bitcoin code so, depending on what the catastrophical failure is, it may also affect those coins you are supposedly hedging with.

Also, if Bitcoin were to crash to the absolute ground due to some technical failure, the entire crypto market would become affected. Confidence in crypto would be severely undermined. Don't fool yourself into thinking that would not happen. Everyone will be thinking the same could happen in the future to whatever the "next" coin is.

- For bigger profits. Yeah, during crypto bull runs some coins provide (way) better returns than Bitcoin, at least in the short term. In the long term, that is highly questionably with only a few exceptions. Also, they get (much) more severely impacted in each dip and major corrections. Don't forget that second part.

And here comes the point where I made my mistake: Those previous points are sort of incompatible. I mean, if you hodl something as a hedge you should keep it, more so when your main bet (Bitcoin) is now so much valuable that you feel it needs some "insurance", Right? Wrong!

Yes, you may need the insurance/hedge... But if your hedge has skyrocketed so much (probably even more than Bitcoin) you fucking need to take profits too!

The argument of "Ok, I made so much on this altcoin that even if it goes to the ground it will also be much more valuable than when I bought it" or "As soon as Bitcoin keeps pumping I don't care what happen with my other shitcoins" are complete and utter nonsense.

First because as soon as the bull market is finished both Bitcoin and your silly "hedge" coins will go to the ground, so you will lose profits for both. Second because when that happens they will be even more severely impacted: There's no fucking inverse correlation in bear markets! It all goes to the fucking ground! And your "hedge" will become almost worthless!

Ok, so then.... How can I better manage my "hedging" altcoins and still keep hedging?

Easy, and obvious too, when you feel they have pumped way beyond your expectations just sell them for FIAT or stablecoins and keep that as a hedge.
You may even convert some of the profits to increase your BTC stash too. But keep as much in fiat or USDT as you feel confident as a hedge.

Why I didn't? Well, there are risks both for keeping FIAT on exchanges and for trusting a stablecoin. I probably overvalued those risks and undervalued the bigger risk and devastation of an incoming bear market. I did a poor risk management there based on wrong perceptions.

So... if you want to hedge it is ok to have some FIAT (preferably diversified over several exchanges) and some stablecoins (which you can store by your own).

Diversifying into alts does NOT protect you at all from corrections/bear markets. So, periodically take profits too and invest them into UNCORRELATED hedges if you really want to have some insurance against an incoming bear market.

Managing a crypto basket is not an easy task. And I don't think there are any "magical" tricks. On the contrary it is something that needs to be continually and actively evaluated and you better know what you are doing and why you are doing it. Just don't forget what your goals are and try to act accordingly and timely. Otherwise just skip alts altogether and stick to your main bet (presumably Bitcoin).

(Will continue)

Maybe posting some of these might get the ball rolling?
https://imgur.com/a/XwlMzFF
Can’t figure out how to embed the image here?

It could be 5+ years away, thats a hell of a time to keep on your toes!