Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15279. (Read 26716400 times)

I cannot really quantify - because "a decent stash of bitcoin" remains a very relative term based on someone's own financial situation.

For example, let's say that you had a very systematic plan in regards to your bitcoin, and within the past several years, you were able to invest in accordance with a systematic plan, that would be anywhere from 1% to 20% of the money that you have available for investments. 

We all recognize that if you were largely "in" bitcoin before 2016, then you would have witnessed a decent 78x BTC price appreciation from about $250 to $19,666.  Surely, if you did not sell very many of your coins, then your proportion of BTC as compared with other assets in the value of your funds is going to have become disproportionate in size, much beyond the percentage that you originally chose to invest.  So even a relatively small number of coins might have caused some disproportion in your risk allocation that would have become more skewed towards bitcoin  - for some folks small might be 1-10 btc, and others 10-40 btc, yet relatively speaking, the bitcoin value should be considered and whether you consider yourself to be disproportionately overly risky in terms of the weight of your bitcoins.

I understand that I probably did not answer this question very well, yet on a personal level, I have considered my choices to sell bitcoin all the way up the price rise at about 1% per every 10% rise in bitcoin has served me very well to remove a decent amount of fiat value from my bitcoin, and even though some may consider that I am overly allocated in bitcoin, which for me is probably currently somewhere between 70% and 80%; however that disproportionate allocation came from BTC price appreciation rather than my investing that much.  So, I am feeling really comfortable, even though I have a decently high proportion of my investments value in bitcoin - and I think that I am kind of covered in terms of several advice points of the 14 tweets based on my own goals and aspirations, my past practice and the fact that i have given decent consideration to my own allocation situation.  I will admit that several weeks ago, I had to do additional introspection because I had not really expected BTC prices to so easily go past $15k - at least not the first time around, and we are currently back struggling, a bit, with this $15k price point.

OMG u guise he's right. We have to meme harder!

Not sure if someone posted that FUD yet:

Korea bans BTC

https://uk.reuters.com/article/uk-southkorea-bitcoin/south-korea-to-impose-new-curbs-on-cryptocurrency-trading-idUKKBN1EM05K

https://www.financemagnates.com/cryptocurrency/news/south-korean-banks-backing-off-bitcoin/


Also:

RIPPLE WON   

should i sell all my btc for ripple? 

I'm telling you, anytime someone says "we have liftoff", "fasten your seatbelt", "CCMF", etc, it's a jinx

Fuckery. That's what's going on right now. Pure fuckery. I don't approve of any of it.
It's as if our memes are powerless.

geez theres some stubborn bulls out there

badger bull is pissed. saw red like matador.

The neckline's sloping the wrong way for the chart formation to lead to a downtrend.

https://www.investopedia.com/university/charts/charts2.asp

Haha. Is Jane Kreisman not Crypto Jane, the infamous PayCoin shill?

And just to avoid making this only about the messenger, literally every point was bullshit unsupported by any listing of evidence.

I hate finding misinformation in an article, because it throws the whole thing into question.


I recently had a BitPay transaction that took 9 hours to get picked up.  Other than that spam delay, it was smooth.  New policy?  BS statement?  Or just typical crypto-journalism uselessness/FUD?

Crypto loves to fake a head and shoulders but then the right shoulder neckline goes on and on and on until eventually it curves back up.

Right now, I'm thinking 67% we don't have a real capitulation and continue the slow channel upwards and break out to new ATHs in January.  But I think 33% this is the start of a real crash that will end with the kind of capitulation you mentioned.  But if we get a real capitulation, I think we'll spike down at least to $5000 and possibly all the way down to $3000 (if only momentarily).  

Well it went up by $420 in five minutes. However that's noise nowadays. It's frightening when range bound means within a three thousand dollar range. It's not long since bitcoin cost $300 each, and range bound meant a thirty dollar range.

I think seeing some kind of massive dump or final capitulation where 1,000,000 coins are sold/bought would be healthy.. and seeing the order books fill back up with 5,000 coin walls and the 50,000 high books thatve been hiding

Yes, maybe you are right. Let's hope this dip is over soon!

whelp...time to put the champagne away and go back on suicide watch

A correction now is more healthy than bouncing back up too fast.

I havent see any sell walls. Biggest order ive seen is 300.