Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13588. (Read 26716434 times)

all very embarassing. fwiw, deleted

^ What is that arbitrary yellow line on the bottom.

1h


4h


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M




 

Neil very much showed us the way, particularly in the baroque cycle, I owe him a great debt.

the window leading up to CME futures option expiry 6/29 should present some good buying opportunities.

Bears have been sitting short for a long time on those will be wanting to take their cash profits ... maybe they'll but bitcoin with them eh TERA2?

... much of social interaction is stories, story-telling and pecking orders based on narrative delivery.

Even in the elite technical journals and hardest of the objective studies, math, physics, etc the narrative is the final arbiter, after the necessary hurdles of the field are successfully demonstrated as having been mastered, equations, experiments, etc the studies with the best story behind them are the rulers of the roost.

Some of the best crypto stories are just simply unbelievable or so far over the line that they are a hazard to one's financial or legal status so best kept to oneself, for now. I recall one of those visionary posts from the 2011 era, I think by Vlad, that he said he felt like he was caught up in a Neal Stephenson story like Cryptonomicon, it's been a whirlwind ride and shows no signs of ending anytime soon. Some seriously crazy stuff has been going down that we will hear about eventually.

we are in the presence of greatness

Where can a G3 with more power than G2 come from? The volume is so low, is it off of the accumulated drop from 10k at the top of G2?

2014 replay looks like a fall to fake bottom™ #1 @~4800, bounce it 6k, try again, bounce again. Then when it hits 6k this final time and has absolutely nowhere to go it's off to 3k for a real volume bounce.

yeah... I can see me panic selling BTC like a 12-year-old child...taking 25% hit say (15% cap gains and 10% state)...then putting it into the stock market and recession

a normal recession is 20% loss...thus now down 45%....but with Trump in office and the long time since last recession....call it 40% correction. Say recession takes

the usual 7 years to come back.....and in that time...I'm watching Crypto and/or Gold going at LEAST sideways if not ups...

so I hodl..worse case..I blow all my crypto at 1K or less BTC and still stay retired till 65 years (and start living off traditional investments 1 year early and have medicare already)

so ...people can beat me up on my $5,131.80 KNC Jupiter BTC miner from 2013...where all this came from, and me not selling at the right time...I can at least state

that and retired 3 years early...certainly nothing I ever expected getting that unit in 2013...and I will call it a win in my mind....if nothing else.

but damn, a 40% deep recession (likely IMHO) and 25% tax hit and be 65% down in fiat...if such happened with stocks/edward jones...THEN watch

crypto go sideways or up ...say like gold...naw....best to just ride it in the ground.....better story anyway, when they stick me in the nursing home someday...the currency

of nursing homes is 'stories' ....chump or champ..this was a doozy

(sorry to expose everyone to my convoluted logic)

Very true, but I wouldn't feel comfortable retiring anytime soon with all of of my money in bitcoin either. It's still too volatile, unless you have at least 1,000+, in which case the volatility doesn't matter as much. And most other investments suck.

I'm reluctant to invest in stocks. This is one of the longest stretches without a crash, and given that we live in a world with record-breaking debt, that's not a great place to be.

well aren't you just a ray of fucking sunshine

This could be shaping up to something like the May 2014 interim bull trap and visit 10K or so again.

meh

I was poor when this whole thing started.


I'm pretty good at it.  I can do it as long as it takes.

Somebody already reversed google image searched him and it turned out to be Jared Leto.


https://twitter.com/TRHLofficial/status/1011021702170542080

Interesting thought from twitter
https://twitter.com/ChristopherA/status/1010994379434016775

You sound like a weak hand when you are seriously contemplating those kinds of moves.

Accordingly, it seems that we are not going to be ready to resume up until you (and similar peeps) dump a few more corn. Surely, I would prefer sooner rather than later, but I understand these dynamics can take a while to play out and seems that maybe the sufficient pain to cause sufficient weeding of weak hands comes at $5k - or a bit below that? 

I agree with what you are writing here, except for your seeming attempt to get peeps to sell now (persuade? or protect?  of course, you would assert that you are attempting to "protect" poor little naive BTC HODLers) and asserting that there is "plenty of time to get back in."

Mine’s in bed next to me, snoring!

 

I agree with your overall sentiment; however, I personally think that it is erroneous to get caught up on strict scenarios of "not selling any BTC until x price." 

You can actually profit more and support the BTC ecosystem by engaging in a practice that causes you to sell more than you would have... so for example, you had planned to buy $1,000 worth of BTC every time the BTC price drops $1k, but instead you revise your plan to buy some larger amount, such as $1.5k for every $1k drop in BTC price.  Thus you have authorized yourself to engage in additional speculation that causes you to stock up $500 extra in BTC for every $1k drop, and therefore you have any of those extra BTC that you could thereby feel free to sell at any price higher than your purchase price (including fees, of course), and you may chose to sell at 10% intervals or some other reasonable range that suits you.. and those are over-leveraged BTC, so you therefore, you have no problem in selling them and generating yourself a bit of extra income. 

Of course, with any kind of over leveraging you have to be careful to remain within your means.. and don't go too far and expect that you could get trapped for an extended period of time and not be able to sell the extra BTC because of additional and unexpected downward BTC price movement.