Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2656. (Read 26711388 times)

Explanation

I don't think they're sure what to do themselves.

Imagine everyone using all that wasted time to find more ways of earning additional income to buy more Bitcoin instead of creating graphs, irrelevant links and predictions and whining about temporary portfolio paper losses.  All that effort and time could mean an additional few percentages every DCA buy, it adds up very quickly.

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Regards,
PrivacyG

In other words, you seem to be optimistically in agreement with the Feds, - expecting a quasi-"soft" landing?  .. i.e... proclaiming that "no babies were killed in this landing"

Explanation

Explanation

Oh dear. You hurt my precious little feelings. Where’s my safe space?
Now you will be judged by that mighty magic invisible sky fairy friend of yours who is watching your every move.


Buddy, make me a sandwich.

…..thanx bro.

Explanation

not boring overall, it's a little bit boring, we see how Brazilian players teach South korean players how to play soccer. eemmm BTC to $7000?.... it was just a nightmare, it will never happen.

It seems to me that the Feds are trying to figure out some kind of a balance to attempt to achieve a "soft" rally rather than a "bigly" rally, if that is possible. Who knows if it is possible?  I am not going to proclaim to know what is going to happen.. even though it seems that it is better to be in king daddy rather than any of those other assets (even though it does not hurt to have some hedge when it comes to assets of various other classes.. so long as you are not overly investing into non-bitcoin crapola)... that's for each of us to figure out in regards to what we believe to be a "proper" and "adequate" balance for our own particulars... good luck to all the coiners.. and sorry for your loss if you still have not figured out that you should have some cornz (not referring to either of you specifically - even though I have fun poking at each of you from time to time).

yeah  and it should work well.

Explanation

could happen, but just because many market participants are kids...fed already telegraphed that move.

Disgruntled and bitter.    

Surely evidence of a "used to be" coiner... with mental problemas.


PSA: Don't try this at home.... I.e.. do not sell too many of your cornz too soon, and if you do accidentally do it (or get hacked or lose them on an exchange because you are a dumb twat), be sure to replace as many of those coins as you can as soon as practicable, without overdoing it, of course.**

**this is financial and psychological advice



But the ones who likely do the best is DCA no matter what and do not try to figure out what the fuck in regards to whether BTC prices are high or low or whatever.

If they have been buying for a while and DCAing for a while (whether that is 1-2 years or 4-8 years or longer), and they get to fuck you status or close to fuck you status or even many times above fuck you status, then at that point, they can start to dicker around with trying to figure out if the BTC price is high low or whatever... otherwise buy... buy regularly and buy often and buy as much as you can without buying too much.

In other words, buy and stop fucking around with trying to figure out if the BTC price is high or low or whatever..

If your investment timeline is 4-10 years or longer (which hopefully many of us can accomplish such a timeline), it is not going to matter if you paid a few dollars or even a few hundred dollars more or a few dollars or a few hundred dollars less because you were trying to be a bitcoin price direction genius wannabe.


For even thinking that whether conscious, subconscious or whatever, you really need a bat slappening.  

hey guy block this mofo he is slacking off.

we are under 17k.


I tell you if they do a 0.50% fed jump on the 13th vs a 0.75% jump we will rally bigly.

Explanation

Explanation

You must be richie.

 





On a side note, there is always spend and replace.  So if you feel that you are spending at the top, then you should not feel rushed to replace the amount of BTC that were spent... however, if you were spending at a point that was at or near the bottom, then it may well have been best to replace in a relatively prompt fashion.


On a personal level, I cannot measure my feelings each time that I spent my bitcoin, but my current memory is that I tended to be quite anxious to replace any BTC that I spent prior to early 2017.

During 2017, I was a bit less anxious in regards to whether I would replace spent BTC or not, but I would still would tend to have a bit of a plan to consider the setting of repurchasing possibilities and parameters... which may or may not end up getting met.

My memory is not 100% regarding how my spend and replace feelings would change, but frequently I would make some kind of attempt to have a spend and replace plan... yet if I were to have 10 BTC (hypothetically speaking) and if the BTC price went up somewhere between $50k and $69k.. and during that time, I had my regular practices of selling on the way up and buying back on the way down - however, maybe during the period in which the BTC price is within that price range, I might run across some situation in which I felt that I needed to spend some extra BTC - maybe spending 0.5 BTC extra.. and then at the time that I spent the extra BTC I would not know whether the odds are very great about whether I might be able to replace those spent BTC.. I might have a bit of an ambiguous feeling.. but I would still attempt to create a kind of tentative plan to replace those BTC if the BTC price were to drop.. and then if there might be some passage of time in which my allocated cashflow will be able to kind of make up for the extra BTC that had been  spent.

Another scenario that I have experienced has been the need to spend additional BTC even though the BTC price has gone down considerably.  

I feel that this particular cycle I have not really felt that I needed to spend too much additional BTC on the way down.. but there are always life matters, life events, expenses, and sometimes it is not exactly clear to me regarding how much I might be spending on consumption goods or how much I might feel that I need to have set aside for investing or possibly DCA or buying on the dip.. even though I will kind of ballpark make a plan that feels comfortable.. and then adjust it as time goes.. which might result in more and more fiat set aside and stacking and ready for dips.. and maybe some of that gets executed and some of it just sits there... as I already mentioned that for this particular dip, I had ONLY had money set aside for buying down to about $20k, but then in May-ish once BTC prices looked pretty convincingly like they might be going down to challenge the UPper $20ks again. and which would leave questions about whether lower BTC prices might be possible.. I started to make a variety of preparations for BTC prices to go lower.. so then the initial preparations were down to $17k and then later down to $14k and then currently the preparations are down to $10k-ish.. fuck.. hate to do it, but still there seems to be needs to put myself in a place of comfort.. ..

I have several times mentioned my short-fall in cashflow in December 2019-ish, and during that time, I felt that I had to spend around an extra 4% of my BTC stash in order to meet some of my cashflow shortfalls, and BTC prices were around $4k around that time.. ..  I recall that within about the next 4 months, I was able to replace about 25% of what I had spent (which would have been about 1% of the total); however, for some reason I cannot recall being able to replace more than that, even though we did have the March 2020 drop in BTC prices.. It seems to me that at some point, I just reconfigured my whole BTC holdings, and it would have been still around 2-3% smaller than the amount that I should have had in December 2019...  and surely, at some point, I also just lost track in terms of whether I was in a place that I should have had been or if I should be in some other place or if I should be thinking about how much extra BTC I had spent at a time that was not of my own choosing.

Maybe that is one of the advantages of having extra BTC..?  I mean having more BTC than the allocated amount.. that had been established by me in about late 2014..  

So, to attempt to put some concrete numbers on the matter, if we go with the hypothetical of having 10 BTC, and then there was a need to spend an extra 25%, which would have been about 0.4 BTC.   So then the BTC stash was then at around 9.6 BTC, but then within the next 3-4 months, around 0.1BTC was bought back.. and it could have been that a bit more than the 0.1BTC was bought back, but probably a lot of the "where I should have had been" got lost along the way in terms of thinking about "where I am" rather than "where I should have been."   .. and even having a similar story as cAPSLOCK, if I look at my BTC portfolio right now, it seems to me that largely I have a similar amount of BTC as I had back in December 2019.. .although for sure, maybe I would need to figure out everything that I have in terms of how many BTC versus how much cash versus how many other assets, and try to figure out?  Am I better off right now, in terms of my net wealth and in terms of how many BTC I have, even considering my various projections of how many BTC (or how much networth) I thought that I might have if I had taken a snapshot of my financial projections in December 2019 as compared with where I am right now, including accounting for everything that has gone on between December 2019 and now.  Am I better off than some other hypothetical version of myself or some other hypothetical version of what might have happened if I were to have had taken some other possible and reasonable course of actions different from the course of action that I had chosen to take?  Personally, I cannot really complain.  I feel pretty good.. even though it would b e nice to be in the same financial and psychological position but to have about 10-20 fewer years de edad.    

Edit: I could not resist.  I went back and I did a quickie look at whatever my overall accounting appeared to be in late 2019 and what I had then projected my networth to be for November 2022, and with a quickie look, the closest projection that I could find was around early October 2019, and I look at my actual current networth situation as compared to what I had projected in October 2019, and my actual networth is about 50% higher than the projected networth.  Sure, you could criticize my projections as being too conservative, but the projections are not really very conservative at all.  In other words, I had already projected that my networth would go up by a bit more than 20% over 3 years (which seems relatively conservative, no?); however, actual performance exceeded my projection by 50%.. so for example, if I had a networth of $100k in October 2019, and then I projected the networth to go up to $120k by November 2022; however instead the networth had gone up to $180k (which is 50% higher than the projection) - even with our current situation of a seemingly outrageous BTC price slump.. so I am not trying to brag or anything.. just providing a report and it is really hard to complain about those kinds of numbers... actual performance exceeding expectations..

Over 41,000 Brazilian companies bought Bitcoin and crypto in October.

Brazil's Congress just approved a bill allowing use of Bitcoin as payment.

The future is bright for 🇧🇷

  Source: https://twitter.com/BitcoinMagazine/status/1599856649107255296