Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1487. (Read 26709821 times)

I was already missing you...
I feel good about chopper moving ahead.

I surely would not even consider my own system as anything close to maximizing the amount of profits, but instead a kind of attempt at tailoring a system in which I am not really bothered by price moves in either direction, even relatively large ones, but surely my whole system is quite skewed on the side of UP, and I was mentioning this to someone in the real world the other day, if I am ONLY selling around 10% for every time that the BTC price doubles, then there is no way to run out of BTC, and sure sometimes the BTC price goes back down and I can buy back, but I don't give too many shits either way... and the other part of the matter, is if the BTC price doubles, then I could sell up to 50% and that would be total profits,  but instead I choose to sell in the ballpark of 10% and perhaps even less, and so what ends up happening is that the remaining 40% compounds on itself over and over and over and over again, and since I have been doing some variation of that since the BTC price was $250 or so, then the BTC price has doubled several times...   Let's look at it:

1)   $250-$500

2)   $500-$1,000

3)   $1,000-$2,000

4)   $2,000-$4,000

5)   $4,000-$8,000

6)   $8,000-$16,000

7)   $16,000-$32,000

8.)   $32,000-$64,000

9)   $64,000-$128,000

So yeah, we have largely been through 8 doublings and then retractions back somewhat, and so there had been retractions several times along the way that allow for buying back.. to the extent that anyone (such as yours truly cares). but also there has been compounding of the amount that were folded over, and if there was a presumption from the start that there were too many BTC in the holdings, the facts have not really changed to negate the presumption of too many BTC all along the way.. and maybe some of these kinds of matters can be better seen by someone who may well end up getting into a status of overallocation and never really getting out of it.. it is like a good problem to have.


Those of us who have largely errored on the side of HODLing and accumulating and sure selling some along the way can be helpful in a lot of ways, including managing psychology and finances... but yeah, it is likely better to get to such position in which you have options to sell without worrying about it.. .. which I frequently like to describe as overaccumulation, but it likely has better names.. or  even other names depending on what is described.. another way of describing the phenomenon is to largely let your winners ride.. . .which surely has been a profitable endeavor when dealing with dee cornz...as long as you have them... and even 0.63 can feel like a whole hell of a lot of cornz when some others more newer entrants into dee cornz may well be  struggling to accumulate 0.21..

Explanation
Chartbuddy thanks talkimg.com

Where have I heard those kinds of sentiments previously?

Weren't you the one saying something similar (yeah it was not exactly the same and you were using different indicators, as in none) around $32k-ish.. and how did that work out for uie-pooie?


Dumps are almost inevitable, but does not mean that we might not go up another $10k or so again from here before such dump actually ends up happening...   Sure dumps can and likely will happen at various seemingly random times, and on a personal level, I don't rally see a lot of resistance until around $50-$55k prior to entering into no man's land.. but that still does not mean that a dump might not happen at any point between here and there  - including it could happen in the next few minutes... but surely we cannot have confidence in any kind of a supposed dumpening merely based on some squiggly lines on a chart... or the feelings that we might have that "surely a dump is due any minute."  Part of the fun of not dumping is that the bears get reckt over and over and over and over again... Lot's of fun for those of us claiming (asserting) not to be bears.

Have you seen the Chopper boy!

Hello Wall Observer! The bitcoin spirits have awakened me, and sent me with a message: We're all going to make it!

Previous poll results:

Whether approved or not, the market may well correct upon any announcement in either direction.. so surely we already  know such a phenomena exists for any of us who might get concerned about relatively shorter-term BTC price moves, while at the same time, there may be no real reasons to get worked up about shorter term BTC price moves because we are now pretty clearly out of "don't wake me up zone" and are you awake yet?  I am... or at least trying to be, and surely breaking to the upside feels better than breaking to the downside, and so are we able to enjoy the ride while it lasts, and perhaps take any measures that we might need to take in order to help our lil selfies to deal with such a ride.. ..

and any of us who have been in bitcoin for around a year and a half or more have had quite a bit of time to have had been stacking relatively cheap cornz in the sub 200-week moving average price arena and even having had had opportunties to have had stacked in around 35% below the 200-week moving average.. "We" cannot be sure the next time those kinds of days of around and/or below the 200-week moving average are going to return (currently at right around $28,601 and rising a bit more than $20 per day.. not bad not bad)... but they were great opportunities while they lasted for anyone who had been so fortunate as to be able to recognize the value in such somewhat price depressing times.

Hopefully you got ur lil selfie enough cornz snowpega.  Going by your forum registration date, you have had a bit over a year, and sure it could take a while to stack, but a year is not a outrageously low amount of time... even though surely it is understandable that some normie peeps do have cashflow issues (presuming that maybe you might be a normie peep. Perhaps?).


You are correct.  I was kind of lumping you in there with Biodom.. with some little jabs that may or may not be completely correct, but they allow for the communication of ideas regarding various kinds of stacking choices that any of us might be making, including various trade-offs that might exist with some of our choices (whether we realize them at the time)... but yeah, I appreciate your wilingness to somewhat roll with the punches.   


Maybe your non-system is a kind of system, but yeah some folks are more informal with their BTC approach than others. and perhaps fly by the seat of their pants in terms of cashflow management and/or how aggressive they might want to be in their BTC accumulation strategies.


Nothing wrong with either deferred gratification or just sticking with largely reasonable levels of consumption, even though sometimes there might be some needs to spend some of the profits in one way or another, without necessarily devolving into glutenousness and/or overly ostentatiousness.


That can be both good and bad.

Most of us I think.

I like when BTC goes up by more since the last time I looked than I originally bought in for.  

Wow. Now there's some wall movement.

Explanation
Chartbuddy thanks talkimg.com

What’s up everybody. Long time no see. Let’s go!

me too. yeah could been a few million,

 but still a goodly amount.

some peeps are on a minimize the odds of loss mode vs maximize the amount of profit mode


and me

The big wall just flipped from bid to ask.

It's slow down time.

Edit: flipped back again... no slow

Edit#2: re-flip... undecided

its knocking at 38k

when chopper
when reaper

Could be 

Wrong.

42k nov 30 - dec 1
48k dec 31 - jan 1

 profit taking in Jan 2024 drop to 40k

we then rally up to and including the ½ ing. maybe 70 k right before it.

$38000 in one hour confirmed