Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14528. (Read 26607502 times)

Precisely. You "refer to it as hate". You are making shit up. Feelings over facts.

such a cute coin

run by frauds

Hahahahaha... That's what I thought, but then when he said that he's "got nothing to do with hate," I was beginning to think that I might have mixed him up with someone else.. but you are correct that my memory seems to have been that I saw a lot of distracting nonsense coming out of his posts regarding race and IQ and some other nonsense, that I kind of generally referred to as hate, but maybe sometimes the haters don't realize that they are hating (because they happen to be so smart that it is merely an intellectual thingie-ma-jiggie)

Fake news.

better put him on perma-ignore. he is a pathological social darwinist that would have had his time in the 1930ies in germany, italy, austria, spain. he believes that the group he can be classified in (and that he was just randomly happened to be born in) is superior to other groups.  

I gave a few merits over the last thread pages I read. Most of you gave me so many insights and we are going up! Nice weekend start.
Go Bitcoin Go and don't stop
https://www.youtube.com/watch?v=aNX_UCEzu7w

Maybe, for some strange reason, I was mixing you up with that bug?  I will try to pay closer attention in the future.

Got nothing to do with hate.

no, but the github furore over EIP 867 and developers parting ways is basically the opening salvo in what will most definitely be a civil war over the soul of the Ethereum project. The honeymoon is over for ethereum, it is the analogue to the moment when Andresen took on the rest of core bitcoin devs in Montreal in a breakout session ... and we got the "hardfork now" aka big-block civil war which ended with Bcash abomination fork and two coins.

It was kind of inevitable with the way Buterin has been playing fast and loose with the conflicted logic ... 'code is law' was his big selling pitch to the noobs and then he was pushing for state rollbacks and forks (ethereum classic) when outcomes don't suit him ... reality eventually meets individual destiny for those of the deluded socialist persuasion.

"Everybody's got their own shit." ~ Why socialism doesn't work.

And then once they are all sold and the coins redistributed amongst many the price will recover and advance past wherever it was before the sale as that threat is now gone forever and cannot be repeated.

Ahh, but 80 is so much better than 40, or 20, no?  I for one am glad of your no FOMO rational trade posts.

it's time to begin my premature selling where I only take a measly 80% profit and miss another 40% or so.

Wishful thinking I’m afraid.  At least until we have RSK being used commercially.

'twould be nice to dump it's diseased carcass in the swamp...

Etherium could do with dropping another 10-20% IMO, current price is still a bit high

The other 7+ billion perhaps?

And calm down now Bitcoin, easy does it.

good lord

are we watching Ethereum die?

I recall something about your panic sells, and it seems that you were able to take advantage of that kind of screwed up situation and you were able to come out of the whole matter a bit better than Rosewater and BMB.. hahahahaha

Your outline of the stress of the matter are all real concerns, and yeah, you can take your profits in fiat or in BTC, and decide how you are going to treat your accounting and your taxes, whether you have yet realized any gain that is necessary to report in regards to taxes....

I am not really sure about how to measure my situation because if we look at BTC's recent price history we can start at $5k, and see that BTC's price went from $5k to $20k and then back down to $6k and assuming that it is returning back to $20k.  

For simplicity sake, let's say that the first time that we passed above $5k we were mostly loaded down with BTC so for all intents and purposes we had X BTC and $0; however, when we got up to $20k, we had about a 4x increase in price, which would have caused us to sell about 20% of our BTC which gets converted into fiat (we sell about 20% because we are selling about 10% every time the price doubles - or 1% for every 10% price rise, and if the price goes up 4x, it has doubled twice).  When BTC prices return back down to $6k, we end up using almost all of the fiat that we accumulated on the way up to $20k to buy back BTC.  We are not getting those BTC at the cheapest price because we are exercising incrementalism, so if we are lucky, we might accumulate 10% more BTC with the 20% fiat that we accumulated, and when we return back up to $20k, we may only end up with about 5% more BTC than we had the first time around.  

Surely, I am ball parking these numbers, and in the end, like you mentioned, no killing is being made, but you can sit back and feel comfortable and keep your blood pressure down by 10 to 20 points, perhaps.

And, really, we hardly ever get 70% price corrections like this, but we do get a whole hell of a lot of corrections that are a lot smaller between 10% and 40%, and you can have decent stacking up no matter what the level of volatility because usually your orders are going to at least be able to account for 10% swings, and maybe more commonly allow for some catching smaller swings, too -- 5% can be reasonable, and some high volume high frequency traders will do 1% swings, and I am not going to do that, and currently, I consider myself to be in the 5% to 10% arena... so even my system and application varies a bit with the passage of time.. like I mentioned earlier, I started out at using 1.5% increments, and kind of got into about a 5% increments groove, and progressed beyond 5% and up to 15% increments - however, I think that I am moving back below 10% increments, at least on a short-term basis.... based on what I perceive to be current market conditions.

He is a fucking con artist, and sure he would like you to believe that he was actually an insider, when he is just full of shit...

but, I will play along with your hypothetical that he would gain access to about 1 million bitcoins, which currently would be valued at about $10billion dollars, and sure he could dump those 1 million bitcoins.  It would likely crash the bitcoin price, but it would not destroy the fundamentals of bitcoin nor be able to sustain control over bitcoin.

We should have a plan for such calamity - but we should not be planning our lives around scenarios that are likely less than 1% to actually happen, right?

I panic sold part of my holdings at $13.5k and $10.5k.

I bought back 98% of my original position between $6k and $8800 because I was defensively hedging against the upside. So now I have a stack of fiat, a stack of taxes and a wire to buy back the last 2%.  

So overall I have done quite well even if I did not get the chance to make the buys I thought I was going to get under $5k and have been left with an increase in fiat and no net increase in BTC. Maybe if I got off my ass and calculated my taxes I could buy back some more, but I need to do that soon.

I can’t model it in my head but intuitively incrementalism ties up a lot of capital that is not particularly doing anything even if it helps you sleep.  My guess is you would not have made the gains I made on this swing, but would have slept better. My approach was certainly higher risk.  But I try not to sell until the downtrend is baked in and then watch it carefully.  If 2018 is like 2017, I think I may not make any more trades until November / December of this year when I start hedging for downside risk again.