Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12943. (Read 26714890 times)

Tried but failed. 

Was Satoshi's vision flawed? Is the chain of blocks coming to an end?

We just tried to break out from the pennant.  Volume not quite there yet.

debart time?

Buy the dip motherfuckers

Haha, shots fired....

If Nouriel has ideas about the next iteration of decentralised ‘sending value over the Internet’ systems, let him come forward. For the rest, it’s just a pony show.

I guess he will be tweeting about scammers and con artists in the regular financial world today.

What the hell is going on in here  

Muuuuuaaaaaaahhhhhhaaaaaaahhhhhhaaaaaaa 

Ultimately, you are the one in the position to best understand your cashflow situation, and whether you believe it to be prudent to dip out of some (or all of your btc) while btc is in an ongoing correction phase.

Likely, you recognize that this ongoing correction phase has been going on since December, yet surely when such correction started, we did not know how far or how long such correction would take place - so to me, it seems a bit imprudent to be making any kinds of large (purportedly emergency) selling of bitcoin at these price levels and under these circumstances.. accordingly, I am suggesting that you have been gambling too much if you let your cashflow issues rise to such a level that you are forced to liquidate substantial portions of your BTC based on what seems to have been gambling with too much of your cashflow...

Of course, you can assess the situation to be different, yet based on what information you have provided, I have already stated my tentative conclusion.. and accordingly, we seem to be in buying or HODLing territory rather than selling territory - even though anyone can conclude for themselves to be in another situation and of course, if you are in profits (and sell all or some of your BTC at these price points), then you are not in as much of a bad situation than if you are selling in the negative (and I don't know enough about your situation to understand that, even though I recall prior posts from you (about 6 months ago or more) in which you were expressing considerable concern (emotion) about the price going down, which largely shows that you are either over-invested or gambling too much (which is describing the same phenomena using different words). 

ya know some people just use alarm clocks and coffee to get up you know. works ok.

I hate eth but good for Vitalik for using his fame for something constructive.

and those ripping guitar solos...

The magician is gonna make it disappear?




Why the fuck did I check the charts before going out.

Zoom out a bit, and think about the situation.

When you say "we" in the context of this thread, I presume that you are referring to bitcoin rather than to some more amorphous "crypto" concept.

Surely, there is some correlation from time to time; however, bitcoin is not really as much about tech as it is about soundness of money - even though it relies upon tech to achieve its goal, there is nothing really "tech stocks" about bitcoin, unless we are talking about threats to shut down the whole internet (or substantial parts of it) or alternatively some major bug in tech that fundamentally interferes with bitcoin's operations security....

  


You should NOT let your cashflow get so close to "having to" do something that might not be in your interest, which means that you have been gambling too much of your cashflow, hoping for UP...

"we" could go to $3k or to $1k and stay there for 6-12 months, and your cashflow should be prepared for that...

.I am not predicting that such $1k to $3k range will occur, but I am saying that you gotta be prepared (repetition, I know).  but:

Think he thinks it's a Chinese fake?

Seems to either show either a considerably high level of non-comprehension of bitcoin or a purposeful attempt to misinform about what is bitcoin.



Oh my!!!!!!!

jonoiv is bullish.. what we gonna do?

Nouriel's most remarkable talent is erasing from his memory every mistake he's ever made. What a feat!



I think the recommendation is kegel exercise. You could try pumping your hotdog also.

If you are willing to have a time preference horizon that goes beyond 5 years, it seems that you have really decent odds of profiting stupendously by continuing to dollar cost average into BTC until then - and hoping for the best - even if you happen to be regularly investing with a "pathetic salary," as you mentioned.

Of course, such hope regarding the future of BTC (and presumably BTC prices that will follow) is based on a certain kind of disparity of information in which you seem to understand the fundamentals of BTC and there are so many average Joes who either do not have a clue about BTC or they are filled with Angst or apathy regarding the extent to which bitcoin "may be valuable" (from their perspective). 

On the other hand, if your time horizon is way shorter, then there certainly could be some unnecessary risks - for example even less than 3 years - and you would not want to put a great amount of your money into BTC if you really needed to have that money liquid in a shorter period of time - such as less than 3 years.

In the end, who really knows what is happening with those 15k BTC?

We have coins moving here and there, but we don't know whose they are nor where they have moved, and a lot of exchanges can handle a decent amount of volume, anyhow, without really being affected - unless there is a way to show a kind of coordinated manipulation attempt.

Even the movement and the sale of a significant quantity of Gox coins in late 2017 and a few more times in 2018 were hardly proven as contributory to any kind of meaningful long term manipulation - even though claims of such were made, and likely there is a decent incentive for some short term gains from manipulator insiders (as long as they can get away with it).


You trying to exaggerate a bunch of bullshit, ECB?  Who gives a ratt's ass about a few extra BTC dumped on the BTC market, unless you are filled with hopium that this time is going to work - to get BTC prices below $5774.
 

There are more important things going on, including various other markets (traditional markets, and a bit of an alt coin dump) going down quite simultaneously... and then a question about the extent to which BTC is going to dump as much  or hold value and perhaps even show some ability to serve as a inversely correlated investment... Let's see..... Let's see.  Interesting times, in which we live, no?  And, not just one factor (such as a relatively minuscule amount of BTC being moved from one unknown address to another unknown address).   Get real...