Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14297. (Read 26606837 times)
March 10, 2018, 11:37:35 PM
Been busy SCUBA diving in Tahiti. Noticed the price is down a little. Locals wanting to buy from me. Me telling them I don't sell the dip. Will have to hold off on pocket money for a few.
March 10, 2018, 11:36:24 PM
I’m not going anywhere. I’ve got another 5 years of hold in me. At least. As I have said many times before, I will be accumulating sub $5k if we get there and very aggressively should we approach 2014 Gox ATH.
The only way $1200 is possible if bitcoin would be on the way to it's death.
Buying in that situation would be a wrong move.
Only if I notice that my Twitter feed has run dry and no one is posting here anymore. If there is still a somewhat active community, BTC is not truly dead. Even if the price is terribly low.
Don't forget https://trends.google.com/trends/explore?q=bitcoin very useful tool as well.
Still not seeing a capitulation candle.
When was the US stock market capitulation candle during the 1929-1932 Depression?
The correct answer is NEVER.
Those who sold at the bottom of Black Tuesday in 1929 actually got a very decent price.
It's more useful as a positive indicator than a negative one. When you see one the price is almost certainly about to reverse, how ever the absence of one doesn't mean it isn't going to reverse. Looking back at the history of bitcoin we see them ~50% of the time.
March 10, 2018, 11:29:13 PM
Still not seeing a capitulation candle.
When was the US stock market capitulation candle during the 1929-1932 Depression?
The correct answer is NEVER.
Those who sold at the bottom of Black Tuesday in 1929 actually got a very decent price.
March 10, 2018, 11:28:42 PM
some of his questions are interesting... (not radix lol)
What's wrong with radix? genuinely interested, as I've heard a little about it before and it sounded somewhat non-scam like.
Ideologically also for me, all alts are irrelevant, not least because of the Lindy effect and centralisation around a weird bloke from Stoke-on-Trent.
Do you know when it was that you last looked? I might take a look myself to see if those things have changed.
Probably not much different then.
March 10, 2018, 11:27:58 PM
some of his questions are interesting... (not radix lol)
What's wrong with radix? genuinely interested, as I've heard a little about it before and it sounded somewhat non-scam like.
Ideologically also for me, all alts are irrelevant, not least because of the Lindy effect and centralisation around a weird bloke from Stoke-on-Trent.
Do you know when it was that you last looked? I might take a look myself to see if those things have changed.
March 10, 2018, 11:24:47 PM
some of his questions are interesting... (not radix lol)
What's wrong with radix? genuinely interested, as I've heard a little about it before and it sounded somewhat non-scam like.
Ideologically also for me, all alts are irrelevant, not least because of the Lindy effect and centralisation around a weird bloke from Stoke-on-Trent.
Do you know when it was that you last looked? I might take a look myself to see if those things have changed.
March 10, 2018, 11:23:40 PM
I’m not going anywhere. I’ve got another 5 years of hold in me. At least. As I have said many times before, I will be accumulating sub $5k if we get there and very aggressively should we approach 2014 Gox ATH.
The only way $1200 is possible if bitcoin would be on the way to it's death.
Buying in that situation would be a wrong move.
There was a dip about this time last year.
It soon recovered afterwards.
Yes but mil$ question where it will be?
Still not seeing a capitulation candle.
me neither. bch/btc is ready to blow up unless PV has prepared some other surprise...
March 10, 2018, 11:21:41 PM
I’m not going anywhere. I’ve got another 5 years of hold in me. At least. As I have said many times before, I will be accumulating sub $5k if we get there and very aggressively should we approach 2014 Gox ATH.
The only way $1200 is possible if bitcoin would be on the way to it's death.
Buying in that situation would be a wrong move.
Only if I notice that my Twitter feed has run dry and no one is posting here anymore. If there is still a somewhat active community, BTC is not truly dead. Even if the price is terribly low.
March 10, 2018, 11:21:20 PM
I'm about ready to capitulate myself. Is it best to dollars cost average your way out as well?
PS. I have no complaints, have done well.
PS. I have no complaints, have done well.
Yes, it is better to dollar cost average the exit, exactly the same as the investment. Unless you were to know for sure it is gonna rise or dump for good.... which you, obviously, don't.
Or just change your trading strategy to "bear market" and do aggresive trades with the target of extracting fiat instead of increasing BTC. It depends on your hurry to fully exit though.
That said, I am considering capitulating too. Except my way of capitulating would be the same I did in 2014-2015... ie: Just hodl, forget, and move onto other things indefinitely.
Hodling's better than this trading strategy.
March 10, 2018, 11:21:14 PM
Just hodl, forget, and move onto other things indefinitely.
Yeah, I increased my stock market activity and decreased my btc trading activity from low to almost nonexistent.
The whole up-down thingie is bewildering to me and I cannot trade what I don't understand.
March 10, 2018, 11:20:58 PM
I’m not going anywhere. I’ve got another 5 years of hold in me. At least. As I have said many times before, I will be accumulating sub $5k if we get there and very aggressively should we approach 2014 Gox ATH.
The only way $1200 is possible if bitcoin would be on the way to it's death.
Buying in that situation would be a wrong move.
There was a dip about this time last year.
It soon recovered afterwards.
Yes but mil$ question where it will be?
Still not seeing a capitulation candle.
March 10, 2018, 11:19:30 PM
I'm about ready to capitulate myself. Is it best to dollars cost average your way out as well?
PS. I have no complaints, have done well.
Consider that in dollar cost averaging, you convert dollars at a steady rate into another asset. It works, because when the asset is expensive, your dollars buy less of it, and when the asset is cheap your dollars buy more of it. That's exactly how you want to go about buying something.PS. I have no complaints, have done well.
Now consider selling an asset. If you extract dollars at a steady rate from your store of the asset, it means that when the asset is expensive, you sell less of it, and when the asset is cheap you sell more of it. That is most definitely not how you want to do it.
Instead, to wind down your position in an asset, you should sell that asset at a steady rate; e.g., sell the same amount of bitcoin every month.
By doing it that way, you are getting more dollars when bitcoin is expensive, and less dollars when bitcoin is cheap.
Another way to think about it is this: when you acquire an asset using dollar cost averaging, in effect you're selling dollars, and by selling those dollars at a steady rate you get the best results. Winding down an asset's position is the mirror image that process. You're selling bitcoin, and selling those bitcoins at a steady rate denominated in bitcoin (not dollars) gives the best results.
March 10, 2018, 11:17:19 PM
I'm about ready to capitulate myself. Is it best to dollars cost average your way out as well?
PS. I have no complaints, have done well.
PS. I have no complaints, have done well.
Yes, it is better to dollar cost average the exit, exactly the same as the investment. Unless you were to know for sure it is gonna rise or dump for good.... which you, obviously, don't.
Or just change your trading strategy to "bear market" and do aggresive trades with the target of extracting fiat instead of increasing BTC. It depends on your hurry to fully exit though.
That said, I am considering capitulating too. Except my way of capitulating would be the same I did in 2014-2015... ie: Just hodl, forget, and move onto other things indefinitely.
Thanks for your honesty.
March 10, 2018, 11:16:17 PM
I’m not going anywhere. I’ve got another 5 years of hold in me. At least. As I have said many times before, I will be accumulating sub $5k if we get there and very aggressively should we approach 2014 Gox ATH.
The only way $1200 is possible if bitcoin would be on the way to it's death.
Buying in that situation would be a wrong move.
There was a dip about this time last year.
It soon recovered afterwards.
Yes but mil$ question where it will be?
March 10, 2018, 11:15:32 PM
I'm about ready to capitulate myself. Is it best to dollars cost average your way out as well?
PS. I have no complaints, have done well.
PS. I have no complaints, have done well.
Yes, it is better to dollar cost average the exit, exactly the same as the investment. Unless you were to know for sure it is gonna rise or dump for good.... which you, obviously, don't.
Or just change your trading strategy to "bear market" and do aggresive trades with the target of extracting fiat instead of increasing BTC. It depends on your hurry to fully exit though.
That said, I am considering capitulating too. Except my way of capitulating would be the same I did in 2014-2015... ie: Just hodl, forget, and move onto other things indefinitely.
March 10, 2018, 11:11:29 PM
I’m not going anywhere. I’ve got another 5 years of hold in me. At least. As I have said many times before, I will be accumulating sub $5k if we get there and very aggressively should we approach 2014 Gox ATH.
The only way $1200 is possible if bitcoin would be on the way to it's death.
Buying in that situation would be a wrong move.
There was a dip about this time last year.
It soon recovered afterwards.
March 10, 2018, 10:59:52 PM
I’m not going anywhere. I’ve got another 5 years of hold in me. At least. As I have said many times before, I will be accumulating sub $5k if we get there and very aggressively should we approach 2014 Gox ATH.
The only way $1200 is possible if bitcoin would be on the way to it's death.
Buying in that situation would be a wrong move.
March 10, 2018, 10:58:52 PM
I'm about ready to capitulate myself. Is it best to dollars cost average your way out as well?
PS. I have no complaints, have done well.
PS. I have no complaints, have done well.
March 10, 2018, 10:46:06 PM
Im probably leaving the market within a week in my final distribution. AMA
Is this humour?if yes - haha
if no - why leave?
(A server hosting company/ISP that one could actually trust would make a lot of money.)
You said AMA, but this is sheer nosiness: what chronic illness?
I seem to remember lyme disease.
Not to get personal or anything..
((( 
March 10, 2018, 10:45:33 PM
but, again I expect this market to be down or sideways this year...the trustee of the mt. gox is dumping on the exchange..if he is smart
he is telling the wife, WHEN, he is doing so, to play the market...500 million down since Nov 2017 I heard, only 1.5 billion left to liguidate
he is telling the wife, WHEN, he is doing so, to play the market...500 million down since Nov 2017 I heard, only 1.5 billion left to liguidate
There's a fair chance the remaining estate will go to civil rehabilitation, in which case he won't be dumping, as the distribution will be largely or fully in bitcoin.
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