Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15228. (Read 26715013 times)

I like a bear market every now and then, good redistribution for those with a bit of nerve - price always drops at new year, last day to pay fixed amounts on loans, plus pull out for tax. Make the most of it

Lol.

I think what we've got is a couple things; old school whales doing some distribution, which is good, especially as the market seems to be digesting it, albeit with some gastric upset.  We also have many many thousands of brand new noobs with their shiny new trading accounts behaving just like we did years ago...pumpdump back and forth, learning the ropes and getting their thrills with a couple thousand bucks, that is what a lot of these nothingcoin pumps are about.

Target 10 k in February, 6-7 k in April.

O.k.  I will bite.

If what you are saying is really true, and you do happen to be some kind of smartie pants wizard because you sold at $19,665 (dollar short of the top), then do you have any planned scenario in which you would get back in, set of events or a price target, or do you just make these allegedly "genius" plays by the seat your pants (and perhaps "intuition?)?

Is this is gembitz? This your bear account?

Never sell 100%. If fiat collapses tomorrow or all the banks and exchanges take your money then you are left with nothing. 90% is okay not 100%. If you must do 100% then you can keep coins on chain and short somewhere else to hedge it.

packing up heading back into the real markets this shit is laughable i sold all around $19K :-D weee>_> n00bz NEVER listen~

Apparently so.



But at some point those who don't want to keep their riches in the shitcoin of the day will have to go back to daddy.

Could play out something like this

I personally think that my system is close to fool proof - and serves as a kind of downward insurance more than a means to accumulate BTC (even though it seems like it has ended up doing both for me).  

Anyhow, I do understand the mindset that the sell on the way up and buy on the way down system does not really work in the real world.

In the real world, I try to explain to several real world peeps, and peeps tend to have a kind of common emotional (I am smarter) problem of constantly attempting to play with too much of their stash and risking too much and tweaking in the wrong way to gamble too much because they are trying to get rich quick and time the price movements of the market rather than setting up their buy / sell order system in a more emotionally neutral way.

So, maybe in the end, you are correct because real world peeps have a kind of inability to remove their emotion and they do not want to set up their orders like as if they were a robot?  So maybe in the end, I try to act as if I am a human, but I got some kind of robot in me?  Perhaps?  Hey, hey hey,... I am just kidding, I am not robot.  I have had several experiences over the years where I made mistakes and I tried to tweak my system here or there to time the market.   But I learned from those experiences and just stopped engaging in that behavior - except very minimally, and sometimes, even if you make some "human" mistakes, you can also step back and make up for some of those mistakes too, by changing some of the orders around (quantity and/or spacing).. and frequently let the market come to you, rather than trying to force matters.

So people are just whacking off and pumping/dumping things at random, aren't they?

FUCK YOU RIPPLE BANKERS SCAM !!! ===>

https://www.youtube.com/watch?v=QDBSs70CxOM

Will go down till mid January, after that it will go up... My 2 cents.

https://github.com/bitcoin-dot-org/bitcoin.org/pull/2010

Interesting natter here re changing Bitcoin's billing on bitcoin.org in light of the fee situation.

Cripple train is derailing.  So fascinating... Really fun to watch though.  Looking for the big pump from the rats leaving the burning ship.

ripple and stellar leading the way? lol you know crypto is doomed when two shits that are not even coins are dominating the market :\ go crawl in a hole\\\

Well, I am glad that it worked out for you.

As far as BTC accumulation, sure it is good to have goals in terms of the quantity of bitcoins that you would like to achieve, and I also create goals for myself regarding the quantity of bitcoins that I would like to retain.

So I use an Excel spreadsheet that has several tabs and ways to project my cash flow and also projecting my continued placing of fiat into my BTC funds with any extra cashflow that I am able to achieve and also projecting ballpark estimates for the quantity of bitcoins sold as the price is anticipated to go up and as the price reaches certain higher price points. 

Of course, I have projections that go in both price directions, but in the past two years, the up direction seems to have been the most relevant and the most frequently being revised based on what has happened in the BTC market, including a much above expectations 78x BTC price increase from $250 to $19,666.

So with the passage of time, I can see that whatever the fuck that I am doing in my selling on the way up and buying on the way down is causing BTC accumulation and retention of more and more bitcoins at certain projected price points that have ended up materializing, too in a much quicker than anticipated way. 

In other words, the way that I set up my strategy has caused the need for higher and higher BTC prices to bring my quantity of BTC below certain pre-decided quantities that I consider to be important retention levels. 

None of these projections is really set in stone, but the projections do still serve as a means to monitor whether whatever I am doing is causing tangible positive results in the accumulation and retention arenas.

Speaking of which, today Bitmex awarded BTC to their customers based on a margin snapshot taken on August 1st at the time of the BCH fork. The ratio is 0.1707 BTC for each BTC (BCH) of margin held at that time.

Over 17% return on play money. That's not shabby at all, is it?

Yes and I'll buy.

oh, and FTFY.