Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14603. (Read 26609784 times)

NOT   NotLambchop!!!

I am not really keeping score, but there are ways that any of us BTC HODLers/Accumulators can plan ahead in order that we do not run out of either bitcoins or cash no matter what is BTC's price direction... .In that regard, the only way that any of us can get roached^tm is if we gamble too much with our stash - whether it is the trading stash or the stash more broadly, we have to maintain formulations that cause us to never to run out, no matter the price direction.

By the way, maintaining a "trading stash" should not give license to being sloppy in our conceptualizations or causing us to take BIGGER risks, merely because we are ONLY using our "trading stash."

One way in order to NOT run out of either BTC or cash, we can calculate a percentage, so for example, I had authorized myself to sell up to 1% of the value of my whole BTC holdings for every 10% BTC price rise.  We can use other amounts or conceptualize of our selling/trading limits in other ways, too. 

Any of these kinds of forumulations of sales authorization limitations would likely assure that we would never run out of bitcoin, even if BTC prices  were to shoot up 100x   - but merely preparing for 10x can be decent too since BTC price rises do not tend to shoot completely straight up 10x without having a few corrections along the way that would allow for a reformulation of the plan and even reallocation of BTC/ or dollars based on how fast and how far the price had gone up... which also allows a refueling with bitcoins, too.

Another possible way would be to authorize yourself to sell only profits that came through BTC prices rises, so for example 50% or less of your profits. 

Accordingly, if you have 10 bitcoins, and BTC prices go up $100, then you might authorize yourself to sell up to $500 and to trade with those funds (that would be $500 = (10 x $100) / 2)...   Those are formulations for on the way up, and you can make similar kinds of formulations for on the way down by considering how much fiat you have accumulated and then spreading the total amount of fiat that you have available in fiat down the possible price downfall scenarios and perhaps preparing for extreme downfalls - including for up to a 95% price decline... and projecting ahead in order that you would never run out of dollars within that range of price correction.....

Of course, any of us can become stressed and nervous about major price corrections and even retroactively second guess ourselves in terms of we should have sold more when the price was up or we should have bought more when the price was down... however, either way, if we go forward with moderation and a plan, w are likely going to be able to tolerate greater levels of volatility, profit from the volatility and don't get so stressed out about the whole volatility matter because our plan includes preparation for relatively extreme price movement scenarios.. and frequently, even the most extreme of our preparations won't get tested as long as we continue to prepare and to tweak along the way.

Great. Newbie bears calling prices.  Usually happens around here when bitcoin gets a correction and they sell the bottom.   I never call prices since I'm a perma hodler and don't really care.

In case you missed the plan I follow

Bitcoin Savings Plan
https://docs.google.com/spreadsheets/d/1ImKoEk72HK7zuOf3FBa2mbcf6qxoe7tmvWgYIWwwnPM/edit#gid=0

Time for Btc too ones more too unleash the kraken on al those bears

Im still bearish till a daily can close above 9100

Well fancy that, one of my asks got triggered. Time to set a new bid. Wish I knew how to set up a script for this. It's a rather simple strategy, really.

Futures close tomorrow. NFI if it’s going up or down but I’m expecting a lot.  BFX margin loans indicate upwards.

Well, a bear can dream. If this market plummets from 8K to 2K, putting 1 BTC at risk would make a 600,000 USD profit with 100x leverage at Bitmex. On OKex, it would make a 125,000 USD profit at 20x leverage. And Finex or Kraken it would make a cool 24000 USD at 4x leverage.

Don't fret. It's still early Monday morning in Europe. Most are sleeping, and the wires are not available yet.

https://www.youtube.com/watch?v=vK2u4y7J58I

We need more bears to feed the pump

wrong

Your already wrong. LOL Of course.

Knowing Thailand I would not be surprised if it was all BCC.

8440..IMO this weeks ATH

You Just love This forum and hanging around here .... writing most of all, Why don’t let youre pride away sell Some off those metals and buy a few of those wondercoins “BTC” youre far from too late my man..... later on it Will be also possible for you too post Some Train and Rocket pic’s as comparisons of the higher percentages of crypto against metals and So on......

And there is a bounce more of This asap

Before the first Silk Road coin auction I believed those threads. By the last auction I was immune to their FUD.

Bounce: https://youtu.be/sPzpYgEW-rE

There are probably too many noobs entering the market for that to happen this year. All the exchanges are swamped and have year long waiting lists to answer a ticket. There's five thousand new token ICOs a day being announced.

I expect a bear market when exchanges immediately answer tickets and there's no new token ICOs being announced at all.

My way of coping with it was just leaving, almost forgetting about Bitcoin and coming back when I saw the appropriate signal (the pump to $500). Of course I hodled the entire time.

One big difference is at that time Bitcoin's survival was not as much clear as it is now. The future prospects are way better.