Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14963. (Read 26715775 times)

Ultimately, you gotta do what is comfortable for you, but surely, the content of your posts tend to show that you are overly nervous about your whole plan and how you practice your plan.  There is nothing wrong with being nervous, yet there should be self-teachable moments in there too regarding how to better tailor your plan in order to cause yourself less stress and more ability to sit back and relax about the whole process.  You will likely never completely take away all nervousness until maybe after bitcoin causes you so much fucking wealth (assuming that you stick with BTC) that 50% to 90% price corrections no longer matter to you.

I shoulda been incrementing. I'm ashamed.

I'm only paranoid because everyone is trying to steal my cocaine.

Yeah, right.  

I am your friend.  Sell 5% of it now, because you sound like you cannot handle the pressure.  You are over invested and you do not have a plan to buy on dips, and you did not sell enough on the way up.

 




Actually, this seems to be better advice than mine above. 

You go Torquester!!!

Well that would be nice if that happens.

But my back-of-the-napkin data suggests that at the current rate of new account creation, at only around $20k/btc could we have a strong support level toward the end of 2018. For a price level supported higher than that, new account creation would have to pick up steam and start to double time it. Also perhaps a Bitcoin ETF or two launching this year would definitely help.

This fits the format of late 2013 / 2014 better than early 2013. early 2013 was this immediate 80% flashcrash that rebounded on huge volume. late 2013 / 2014 was a slow jagged grind down on lower volumes, which is what is happening here. Im not saying it's going to happen but in no way can you compare this chart to the early 2013 chart.


early 2013 which looks nothing like the current chart

Seems like a good practice to act upon such current buying opportunity, rather than hoping that the charts and projections are going to bring us down to $8k or $6k or some other lower projected amount, when we are already in really decent buying territory.

In other words, don't let greed cause you to miss a good buying point (and you don't have to bet all of it on this particular $10k price point).   

50k by the end of 2018. This correction is just a simple mid 2013 type correction.

If you weren't inclined to sell at $19k, then you shouldn't be inclined to sell now.

Just buy more at intervals on the way down. You'll eventually be glad you did.

Or you can wait for a trend reversal, but you may be waiting a long time, and then when it turns you'll just be chasing it back up.

Who here doubts that Bitcoin will be at $50k by 2020? I don't.

I sold 5%. That's on the record.

Yes.  I agree, and I have a similar practice that involves buying back BTC with a large portion of the funds that I had sold, which kind of undermines some of my BTC selling, but purposefully has served as part of the rationale for having had sold in the first place, and that is to have a bit of extra money to buy back BTC with a certain portion of the funds that were generated by systematically selling during earlier times.

I think that the most recent leg upwards of BTC prices from around $5k to $19,666 caused me to generate (fiat) funds that were quite a bit beyond my expectations and therefore on paper my buy back of BTC is projected to go down so far that it seems quite unfeasible that I am ever going to use some of that generated fiat for buying back BTC, so recently, I have been tending to use some of those seemingly extra funds as any of my personal extra expenses (or mere personal desires to spend money), which can otherwise be concluded as completely pulling profits off of the table and out of my BTC investment system.  Great to have such luxury of such a historically appreciating asset that has caused so much ability for profit-taking and not feeling that the underlying investment has been undermined in any kind of meaningful way by such profit-takings along the way.

One of those is a lie - the price was below $11,000 on Tuesday 16th Jan so which is true?

hehe I guess sentiment changes quickly and panic sets in when things turn bearish. I was thinking it may be a while for BTC to stabalize after Wall St got in to fuck things up so I went for a few months ahead... chose 27th purely due to it being my birthday and thought MAYBE this year I finally get a birthday to enjoy hahahaha

But yeah when BTC Crashes/Corrects then bullish outlook soon becomes bearish

 

Hi guys, haven't beed paying as much attention recently. Are shape shift and changelly still good to use?

What makes you think we won't see 5 digits for a long time? New ATH is just around the corner - sell now regret it later!

After today I'm afraid we won't see 5 digits for a long time.
I plan to hold my breath.

You feeling So bad @ the time...? Offcourse iT would be Nice cashing out on the top buying back in on the lowest....
But i Just keep my mind longterm .... buying little more @ times but Just don’t wanna loose big amounts or shit So staying @ hodlersleep watching red digits and try to make them green with my psychic mind ..... on the other Hand Just thinking i’m Not that kind of a luckbox that sells @ high prices and is able to buy bottoms So i Just keep doing what i do and throw in a guess list from time to time

One of my friends told me to cash out at $15k. We should listen to friends.

For me still having my normal company .... but crypto is becomming the primair investment.... @ This time i’m Also deep in iT