Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13633. (Read 26715520 times)

Who here is NOT going to sell me their Lambo if I pay in BTC that has either some segwit taint, or that actually comes from a native segwit address? I didn't find anyone who wouldn't accept my coins.

I'm comforted now. Thanks

How will Karhu feed without blood?
A god can't live on memes alone.

Bitcoin doesn't need blood. It has New York now. And memes.

Well, I guess the best case scenario for normal peeps (meaning people with cashflow and some money in which to attempt to invest) getting into bitcoin would have been to have largely established a decent BTC position before 2017; however, we also know that some peeps are doing well if they were able to continue to invest into bitcoin before the August 2017 pump that came after the issues regarding the hardfork attacks on bitcoin (bcash) were mostly resolved in bitcoin's favor.  I do understand that during early 2017 and even late 2016, there were a lot of ways that normal peeps could have been FUDDED out of buying into bitcoin, but if we had been in bitcoin since 2013/2014, then there should have been some ability to sort through a lot of the FUD and to continue to establish a decent BTC position inspite of the then ongoing FUD spreading (actually, a fact of the bitcoin matter, remains that there are periods in which FUD spreading is greater or lessens, but FUD spreading always seems to exist to some extent, so FUD spreading is not a phenomena that tends to go away, so in that regard each of us, has a personal responsibility to sort through that FUD crap).

Are you saying that in 2013, 2014, 2015 and much of 2016, you were not stacking bitcoin?  Even if you had stacked a small amount of perhaps $100 per month ($25-ish per week), you could have stacked a decently sized BTC holdings by the end of 2016, no?



That is true.  Even though the start of the upsurge in BTC prices started in late 2015, it gained a lot of momentum throughout 2017, and especially in the last part of 2017.  And even though I personally had concluded that a blow off top had not yet happened, it is surely possible that because of the intensity of the upwards slope increase, that late 2017 had constituted a blow off top.  I am still inclined to believe that the blow off top for this particular cycle is still to come, but I acknowledge that the intensity of the late 2017 price rise could fit a more modest categorization of a blow off top assessment.



Actually, each of us has to come to a calculation that suits our own financial situation, and my initial goal was to put about 10% of my total quasi-liquid investment capital into bitcoin, and that is money that I had already accumulated through previous years that I had been investing.  My prior investing had varied through the years, too, and usually I attempted something like you, I would calculate my various regular expenses and try to create a cushion in my cash flow in order to have a percentage that would be available for investment, and surely 5-10% is a decent amount, but of course, different people have different things that they consider to be bare necessities, and so sometimes the amount invested could be increased by changing some of the perceptions of bare necessities.. and also calculating an emergency fund and various other good practices, such as maintaining a 6 month or so projection of living expenses in order that you would not have to dig into any investment, because of an "emergency."


Perhaps you will get lucky?  But, I don't think that you can expect bitcoin to wait for you.  It seems better to just attempt to maintain a solid ongoing investment strategy, and your 5-10% seems reasonable... because the amount invested continues to add up, so over the years, you are still going to be in a better position than a lot of the fence sitters and the many others who have not set anything up for themselves or have not heard about bitcoin in any kind of meaningful way.


I don't think that anyone could really blame you for being judicious with your money and investing only the amount that you reasonably had available in your cashflow.  The only thing is that you seem to be implying that you could have reasonably and easily bought much more, but you held off such investment.



The main thing is learning from the situation, because there are always going to be FUD spreading roaches out there.  I still think that you have to take into account some of the FUD, and to invest in accordance with your overall beliefs and a moderate approach is likely going to be best to keep putting money in to bitcoin but without over extending yourself.


Like I already mentioned, I think that there has always been FUD out there about bitcoin.  I doubt that the FUD is going away any time soon.

Hopefully, you can find some kind of long term and sustainable investment strategy, and I hope that you do not get scared out of your coins if the price goes down from here.  Certainly, there are no guarantees in bitcoin, and in that regard prices could go either way, so each of us needs to find balance for our own finances, views, timeline, etc.   Ultimately, each of us also needs to attempt to take personal responsibility for our approach and to tweak our approach from time to time, based on ongoing learning from our mistakes, and seems that any of us could make mistakes.

Obviously.


It is not FUD spreading. It is truthful statements about properties of Segwit.

You, on the other hand, either were completely wrong or lying in your assertion that these properties did not exist.


When backed into a hole of your own digging, you accede to what all can see. How big of you.


What I am asserting remains what I have been asserting all along. I am asserting that these properties are endemic to Segwit. Period.

What is more, I only offered this up when someone asked me to explain why I was a Segwit skeptic. This narrative of me calling certain and immediate impending doom is one of your own deluded invention.


No. I even stated point blank that the significance of these existing properties is a subject of debate.


Probably because I stick to the facts.


How is it that you want WO peeps to treat you seriously and with credibility, JJG, when you seem to take nearly every opportunity to exaggerate my position and stick words in my mouth - only after having been exposed as either ignorant or duplicitous?

Tera has a point. The volume on that green candle was anemic.

 


Tera-bull posting bullish charts...oh my.


Just leet speak Jay..a bit of fun. I enjoy giving that one thousand three hundred and thirty seventh merit..thats all. Besides..I think the period as placed by jojo was proper. Your post could have ended there and I would have agreed and understood. That you chose to elucidate farther and take the time to try and explain yourself to the little bear is worthy of applause. *golf clap* 
Seriously..well done.

----
1h
I have adjusted the cloud settings some. Trying to figure out the best settings for bitcoin still. I was using just a doubling of the defaults(9,26,52,26 to 18,52,104,52), but I feel that still does not reflect the 24/7 nature of crypto. Going to try 30,60,120,30 for awhile and see how it syncs up. Work in progress.


D
I would like to see $6.95k to confirm uptrend.

#hodl

https://en.wikipedia.org/wiki/Leet

I am lost.  

Perhaps I am missing a variable, or the math is beyond me.

Where rocket pics?

I didn't even have to read to guess that after that 5% rise the forum would have gone full bulltard. Should I even read the last 5 pages. I think my head will explode looking at all the nub charts.

Should we just assume bitmex traders are the opposite of right, so wrong, all the time?

there it is...perfect timing

I agree with your overall assessment, especially if you are suggesting to treat bitcoin as a relatively long term investment.   It could be a bit too optimistic to calculate that you might be able to get away without paying taxes, but it does seem that the greater your profits, then even though the taxes might be greater, but you are only getting taxed on profits, and not principle, so there can be ways to strategize your cashing out to lessen the tax burden....

In other words, paying taxes does not seem to be a bad problem to have.

I could think of worse things than taxes.  Let's say, for example, you have purchased 10 BTC for $6,700 each, which would be $67k of principle (investment capital).  If all of a sudden, BTC does a 10x, and your coins become worth $67k each, then you total BTC portfolio is suddenly worth $670k - and if we assume long term capital gains of somewhere around 15%, then your tax burden would be ($670,000-$67,000=$603k * .15) $90,450.  However, if you strategically cash out your bitcoins over the years, then you may not feel the tax burden as much as if you are taking home the whole loot of $579,550 ($670,000-$90,450).

I guess that part of my point is that there are ways to incrementally take out the money, spread out the tax burden and perhaps feel less of a one-time shock to your accounting... and in the end, even while paying taxes, still feel richer than you would have felt without the bitcoin investment.

Fair enough

.