Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12202. (Read 26608019 times)

So everyone (myself included) is in agreement that the next all time high will be around 2020-2021? From the crowd is always ng cmp, I wonder how this next cycle will play out. A double bubble à la 2013 or a delayed bubble in 2022, or later (bleh). With Bakkt, NASDAQ, etc, we may drum up enough interest to start the cycle sooner this time.

Nice "State of Bitcoin" report.

Full Report
https://www.delphidigital.io/bitcoin

Highlights
https://twitter.com/Delphi_Digital/status/1072248572433915909

No I don't.



Sure, that is likely, but does not mean that I need to do anything.... My choice... remember?


So?  Your point?



Yes... choose how you live your life, and if you do not want to read my text, it does not make hardly any difference to me.  Hard to know why I should care, isn't life too short for me to be bossed around by random peeps on the interwebs?   



Assuming facts that are not in evidence.



Your word count information is not helpful to me, anyhow (I am not really presuming that you are trying to be helpful to me, even though you seem to frame your preoccupation in a purported attempt to help way), so why would it matter if you were to count my "multiple quotes" or not?

Stop quoting weirdo Gentlemand posts.  This is a family forum.

@JJG   You've got to step back, and take a breath every once in a while. You lose people with volume, and it goes way past infotainment. Just as an exercise, I copy/paste your recent long post into a txt file, and ran wc [word count]

$ wc -w ./wordyman.txt
1507 ./wordyman.txt

1500 and 7 words.

Sorry man, life's too short. Try the decaf.

EDIT: I did not count the multiple quotes you had within.

Some would pay good coin to see this I am sure. 


+1 WOsMerit


-----------
Bitcoin

Hurumph....  Brace, Brace, Brace!


The Cloud tested once again followed with a weak rejection. A couple of twists cover the next few days but I am not hodling my breath. Every chance of a break upwards has been met with fierce resistance from the Bear camp. I dont see anything changing here.  #dyor
1h

Nah, there's no reason for bitcoin to exist if it's mining is permanently monopolized.  Most of you are completely fucking retarded, so I don't expect you to know these things, but you're not actually supposed to BUY bitcoins at all.  If you want bitcoins, you're supposed to directly plug in and mine for them without going through any type of exchange or middleman to get them.  That mechanism is where the decentralization is SUPPOSED to originate from.

If you're forced to go through BOTH a mining cartel AND an exchange to get them, there is no decentralization mechanism, and it's entirely nothing more than a rent seeking usury system.  It's the Popescu cult TRILEMMA. Your only options are:

1)  Admit Bitcoin is a failure but do nothing about it

2)  Admit Bitcoin is a failure and then constantly do shit like change the PoW algo, which is the same thing as bitcoin having central bankers.  So at best bitcoin can be nothing more than something resembling an open source web browser like Firefox.  But it seems like people claim bitcoin should be constantly "upgraded" for no reason anyway, hence the "upgrade to bitcoin 0.17.0" message at the top of this forum, so it's already pretty similar to something like Firefox anyway.

3)  Announce Bitcoin is a scam, it's 100% impossible to create a decentralized digital currency, and everyone should use physical silver and gold instead because the only possible evolution of digital currency is going to be centralized, nightmarish, and govt controlled like the Chinese social credit score system (the only option that actually involves the truth).

 

My first BTC was a semi-private sale of 1.24BTC for $1,200 per BTC which was $1,500 which was late November 2013.  I kept buying, but those particular BTC did not become profitable again, on the regularly liquidity avenues, such as exchanges, until more than 3 years after purchase (early March 2017 to be more specific, and not really convincingly profitable - without returning below $1,200 - until after May 1, 2017). 

See this chart:

https://bitcoincharts.com/charts/bitstampUSD#rg60zig2-hourzczsg2017-02-22zeg2017-05-01ztgMzm1g10zm2g25zv

One thing that puzzles me is that upward burst continue to decrease (in %) very substantially from cycle to cycle so far (as the graph clearly indicates).
However, downturn drops seem to occur with roughly the same %%: 94, 86, now roughly 83-84%.
I am not sure what is the cause of this.

In fact, if this tumble would be even rougher  (at $2800 it would be about 86%), then next upswing better be HIGHER in %% than the last one, so, screw $160K, I am looking at 370K or above (from 2.8K)

hahahahahaha

Hat off.  

I am going to keep mine on, at least for a while, just to be a contrarian to Blawb...    

There's nothing wrong with having a decently high goal, but if such goal requires only one of many scenarios to come true, then such goal is likely to lead to disappointment.  Actually, I have seen enough posts from you, that I realize that you are a bit more practical than that, yet my point remains that there are likely a variety of ways to work towards the "fuck you" money goal that has various alternative ways of getting there.  But if you were locked in that "fuck you money" goal has to happen by x date, then that seems too narrow, even though I doubt that you are saying that it "has to" happen by x date, but instead that if BTC prices reaches $50k or $160k by x date, then you will have achieved "fuck you money status," and if it does not reach those levels then you are going to be shy of "fuck you money" status based on current projections.



I am a bit torn by your response, here, because, you don't necessarily have to buy on an ongoing basis to continue to inject fiat into a fund that is dedicated to BTC, yet it does seem that you are not really engaging in any kind of dollar cost averaging variant, if you are not at least attempting to stack away some fiat based on my assumption that you also have an ongoing cashflow that is coming in fiat and that some percentage of that cashflow could be dedicated to BTC - even if it is only 1% of the cashflow (or some other reasonably prudent and modest amount).

Part of the reason that your response concerns me is your assessment that you need some really high BTC values in order to achieve a sufficient level of "fuck you money,'  but also a kind of concession that if you have more bitcoin, then the level of the BTC price would NOT need to be as high in order to achieve "fuck you" money status. 

Accordingly, there may be some error in my ways, too, but part of what I had considered that I had been doing throughout my BTC investment was to invest a bit more than I need in order to NOT feel so bad about selling a decent amount of it on the way up.  Perhaps what I am saying is easier said than done, and also, it can be a bit annoying too that I would end up buying back at a lot more higher price points that now, in retrospect, seem that I was buying back too much and too high.. but that is merely in retrospect because I still believe that we cannot really know with much confidence about the shorter term direction of the BTC price, and frequently, we just do not have enough information, so on an ongoing basis, it does not seem to be a bad idea to be buying BTC, even at prices that are higher as long as largely (not necessarily completely) using proceeds from BTC that had been sold at even a higher price.




You and I are similar in that regard, even though we might think of the matter differently and describe some of the matter a bit differently, and maybe even have a bit different variation in our strategy.  For example, when my BTC portfolio was in the red, and even bordering on the red, which was pretty much through all of 2014, 2015 and a decent portion of 2016, I would always buy back every single satoshi that I sold, and even buy back more than I sold, so that any sale during that time was NOT bringing down my quantity of BTC.. ..

Once the value of my BTC progressed into profitability, I have not been so preoccupied about whether if I precisely replace every satoshi that I sell or transact, because I consider those satoshis to all be profitable, if I happen to sell a bit extra.  Anyhow, the larger the cushion between the approximate cost per BTC and the current value of the BTC, the less worried I am about selling a little bit extra, here and there.

On the other hand, I still am influenced by such considerable correction in the BTC price (that currently we are in), which is currently floating in about the 83% arena, and even with no real clear sign that the bottom is "in"  Anyhow, such ongoing level of correction and possibility for more down BTC prices, does justify some possible accumulation of cashflow fiat (or dry powder as some might say), that might be injected at various points in which the BTC price might fall (or might not)... kind of like emergency fiat.. that is just kept on the sidelines. 


That does not really sound like dollar cost averaging, but just attempts to strategically buy the dips - which is maybe a strategy of  a more informed investor at least an attempt at timing the dips better than any average person would feel comfortable in being successful in such dip timing attempts.


Fair enough about that part, because ultimately, whatever strategy you employ needs to be comfortable for you and your perception of your own situation rather than how someone else might approach the matter.


Nothing wrong with being conservative, even though it is kind of a relative concept, too.  Some people are so damned conservative that they don't even act at all.  I think that there has been a decent argument for a long time to attempt to put at least 1% of your investment capital into BTC, and that could still be conservative, but we know that there are a very small number of people who have at least accomplished even a minimally prudent level, such as 1%, and part of that lack of action is likely due to either not really knowing about BTC or being scared by various mainstream misinformation talking points.  Most people who are actively attempting to learn about BTC, including the vast majority of active participants in this thread, are likely investing at least 1% of their quasi-liquid investment into BTC.. so relative to this participants of this thread, "conservative" might mean something else.


That's a good sign, and probably you are doing better than BlindRosenCact?


Seems to mean that you have not put enough into it, if you require 1000x (even 30x plus from here) returns, otherwise you cannot live happily ever after... hahahahahahaha

Or maybe it is just that your income is really tight, and you cannot squeeze any more out of it?

I know that there are differing incomes around the world, but there still can be ways to cut expenses during BTC accumulation period in order to not require such high returns in order to profit stupendously.


Probably, we agree about this, and certainly, the lower the amount, the more reasonable the expectation, and personally, I don't expect those large numbers, even though I feel that I am somewhat prepared for them.  My ongoing goal seems to be that I just want bitcoin to be worth more tomorrow than it is today, so I try NOT to set my expectations too high, and surely, I am going to be able to continue to cash out of bitcoin in the years to come as long as the price does not drop.  The higher it goes, the more icing there is going to be on the cake.

Right now, my particular icing is only in about the 4x-ish territory.. and I can live with that, even though I continue to believe that there are decent odds that the price of Bitcoin is going up from here.. and maybe it only goes to $5k.. which would be disappointing, but surely not the end of the world, because I am likely going to continue to be able to at least maintain a similar kind of profit level of 4x or so, based on the equity that I have already built up... ..

surely worse scenarios (that seem less likely) are that BTC prices are going down from here, long term, rather than up... so yeah, there is some gambling involved with continuing to invest in bitcoin rather than just cashing out and locking in profits at their current levels.



Actually, I think that is the right way of thinking about the whole matter.  Moon will come at a much lower personalized level the more BTC that you are able to accumulate.

There is also another point there regarding stages of your own personal investment.  First stage is accumulate, second stage is maintain and third stage is cash out, and even though there is a kind of natural progression, the stages do not need to be considered as pure and for example, a person can employ accumulation and cashing out of BTC, even while considering himself/herself to largely be in a maintenance stage.  And the more a person is "in profits," the easier it is to be flexible with whatever s/he is then doing.

That would explain it all.

FACEPLANT INTO ROCK
https://www.youtube.com/watch?v=5DIbUa2RClM

 


WEEEEEEEEEE

choo choooo

I presume he rents out that account on an hourly basis.

C0bra is trolling again: https://twitter.com/CobraBitcoin/status/1072203537176780801


(Not sure who is he trolling to this time though)

He just a no hat ho. You're better than that Bob, way better

edit: And he has droopy balls too!

https://www.tradingview.com/chart/BTCUSD/a47Kioh9-The-One-Coin-to-Rule-Them-All-Chapter-II/

Seconded. That just ain't right.

via Imgflip Meme Generator

SOON pic of this grandpa in a LAMBO and cruising on the moon and shit i guess

Into the HODLnest.....