Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14727.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: jojo69 on February 04, 2018, 08:47:26 PM

going to have to eat a beloved chicken soon

fiat exhausted

please...capitulation...?

uncle

Whoaza!!!!!!!!

It's too soon.

Don't ~~go down~~ enter into the Rosewater panic ~~avenue~~ Circus! [Edited for accuracy in collaboration with Rosewater himself]

Maybe easier said than done? Cry

Surely, these are stressful times, so I will completely understand if people get pissed off at some of us (including me) that still have a decent amount of money for buying.

Fuck, it is like I have over-prepared for down while I have been hoping for up because I still have about 40% of the amount that I started out with at $19k, and about 25% of the fiat that I have in reserves is kind of off of the table - except I suppose for some extreme situation like under $1,000, but maybe any of us would become scared as shit to buy BTC if the price were to go below $1k?.. I am thinking that worse of the worse is below $5k with a possible spike to $3k - and I would even put that at a long shot of like less than 15%.. but fuck... we know that bitcoin has a long history of overshooting in extreme ways....

I just don't think that we are quite ready for a bear market which would be argued if BTC prices were sustained under $5k.. .. something like that? We are not there, right? Right?

jojo69

legendary

Activity: 3374

Merit: 4738

diamond-handed zealot

Quote from: Rosewater Foundation on February 04, 2018, 10:03:24 PM

Quote from: Nosk on February 04, 2018, 10:01:11 PM

So my best guess is, weak hands afraid to lose more than they already have

Also Wall St. is crashing us on purpose, Undecided

in their spare time from crashing themselves

Rosewater Foundation

sr. member

Activity: 392

Merit: 254

Quote from: Nosk on February 04, 2018, 10:01:11 PM

So my best guess is, weak hands afraid to lose more than they already have

Also Wall St. is crashing us on purpose, Undecided

Nosk

member

Activity: 140

Merit: 35

Quote from: FirstTimeInMining on February 04, 2018, 09:37:13 PM

Quote from: Ted E. Bare on February 04, 2018, 09:34:32 PM

Who's selling at these prices and why?

I sold short term at 8500 and bought at 8000, but I am gambling with money I can afford to lose.

Now just waiting for the recovery of market.

Well I can't stop wondering who the hell is selling at 40% of ATH.
Everybody who bought during the bull run would sell at lost. Those who bought earlier came before btc went full hype, so I think those guys should have more the hodler profile or similar.

So my best guess is, weak hands afraid to lose more than they already have money are actually selling at lost + whales dumping + guys speculating on the decreasing price as you do.

But all of that for one whole month of practically straight decreasing ?
Come on I need to breathe.

One magically new ATH right would please me so freaking much Grin

Rosewater Foundation

sr. member

Activity: 392

Merit: 254

Ritual sacrifice couldn't hurt. The gods are restless.

jojo69

legendary

Activity: 3374

Merit: 4738

diamond-handed zealot

really bitcoin? you want this on your conscience?

Rosewater Foundation

sr. member

Activity: 392

Merit: 254

This is the way the world ends
Not with a bang

but a whimper.

Rosewater Foundation

sr. member

Activity: 392

Merit: 254

In this last of meeting places
We grope together
And avoid speech

Rosewater Foundation

sr. member

Activity: 392

Merit: 254

This is the dead land
This is cactus land
Here the stone images
Are raised, here they receive
The supplication of a dead man's hand
Under the twinkle of a fading star.

Nosk

member

Activity: 140

Merit: 35

BUYING WALL OF 500 BTC AT 7845USD OF KRAKEN. WE ARE SAVED.

.... I wish Sad

El duderino_

legendary

Activity: 2716

Merit: 13505

BTC + Crossfit, living life.

Quote from: Ted E. Bare on February 04, 2018, 09:34:32 PM

Who's selling at these prices and why?

I was allready thinking that When we Where @10-11k ..... but never a problem for you right ...? How did you say it, panic buying all the way down ...... Yeah Thats right Thats what you did the other time not?
But for sure i think all clever minds are not selling @ This point specialy not @ current prices , iT So unlogical / unreal
So for the remaining let us stay on the flying train

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Quote from: jojo69 on February 04, 2018, 09:41:10 PM

Quote from: HairyMaclairy on February 04, 2018, 09:36:20 PM

Quote from: jojo69 on February 04, 2018, 08:47:26 PM

going to have to eat a beloved chicken soon

fiat exhausted

please...capitulation...?

uncle

Jojo. Don’t get bull trapped. This has not played out yet.

We could go much much lower. Try to put yourself in a position where you have options whichever direction the price goes in.

too late for all that

Imma have to go back to work...and I fear for that australorp

back to carrying water and chopping wood...

It will bounce. Consider partial exit on the bounce while still leaving enough to hedge against a sudden upside move. Try to put yourself in a position where you win no matter what the price does, even if those wins are not as great as If you went all in.

RejectedBanana

sr. member

Activity: 406

Merit: 551

I am a banana.

Quote from: Ted E. Bare on February 04, 2018, 09:34:32 PM

Who's selling at these prices and why?

More importantly, who's not buying at these prices and why?

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Quote from: Biodom on February 04, 2018, 08:41:17 PM

Quote from: HairyMaclairy on February 04, 2018, 08:17:38 PM

So for the first time, tax planning needs to be taken into consideration in my trading strategy. It makes things much more complicated but it is a nice problem to have.

How about this plan, consisting of two stages:

Stage 1: Accumulation (buy for fiat, buy through alt appreciation, mining, earning, etc.)
Stage 2: Distribution. Allocate a % you want to potentially spend vs how much you want to leave to descendants. Maybe 50:50 or 70:30, whatever. Then divide your stash (that you want to consume) into equal yearly buckets considering maximum life expectancy.
Enjoy life, travel, whatever. Maybe start the distribution phase at retirement of few years beforehand, say, 60. this way you would enjoy the potential spoils a bit longer or while in relatively better health situation.

Example: you have N btc, then 0.5N (or 0.7N) is what you want to spend.
If you start at 60, maximum lifespan is probably 30 years, give or take, therefore, starting at 61st birthday, and each year afterwards spend/cash out 0.017 of your stash (1.7%). This number would go to 3.4%/year if you don't want to leave 50% to descendants.

Hi that’s great advice. I am still in accumulation phase. I triggered some capital gains when I sold coins bought in 2013. I have started buying back lower with profits but the price has continued to fall. I think that if I liquidate my new position on the last day of the tax year in my country, then I can offset trading losses against capital gains tax, and use the funds I have set aside to pay taxes to rebuy the following tax year (a few hours later). Obviously timing is critical.

jojo69

legendary

Activity: 3374

Merit: 4738

diamond-handed zealot

Quote from: HairyMaclairy on February 04, 2018, 09:36:20 PM

Quote from: jojo69 on February 04, 2018, 08:47:26 PM

going to have to eat a beloved chicken soon

fiat exhausted

please...capitulation...?

uncle

Jojo. Don’t get bull trapped. This has not played out yet.

We could go much much lower. Try to put yourself in a position where you have options whichever direction the price goes in.

too late for all that

Imma have to go back to work...and I fear for that australorp

back to carrying water and chopping wood...

FirstTimeInMining

newbie

Activity: 20

Merit: 0

Quote from: Ted E. Bare on February 04, 2018, 09:34:32 PM

Who's selling at these prices and why?

I sold short term at 8500 and bought at 8000, but I am gambling with money I can afford to lose.

Now just waiting for the recovery of market.

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Quote from: jojo69 on February 04, 2018, 08:47:26 PM

going to have to eat a beloved chicken soon

fiat exhausted

please...capitulation...?

uncle

Jojo. Don’t get bull trapped. This has not played out yet.

We could go much much lower. Try to put yourself in a position where you have options whichever direction the price goes in.

Ted E. Bare

hero member

Activity: 658

Merit: 503

Bear with me

Who's selling at these prices and why?

RoomBot

legendary

Activity: 2338

Merit: 1130

ehrmagerd BTC < 8K

Cry

criptix

legendary

Activity: 2464

Merit: 1145

Quote from: Biodom on February 04, 2018, 09:01:28 PM

Here is a theory.
Hedge funds are selling crypto because they feel a large correction is coming in stocks and they need cash to defend their stock positions, especially tomorrow.

na, not really:

http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/

Guys, we are still BEFORE the big bubble.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14727. (Read 26609142 times)