I just got rekt in the wick below 200 WMA. Compounding the injury, my desperate 0.01 BTC sell order executed just as the liquidator bot closed in to sell more. I was left with just over 0.03 BTC in total. I had some margin available again, so I have been trying to grab back some sats... why not, at this point. hey, I got myself over 0.04 BTC.
I think we found the whale responsible for crashing the market.
I suppose the irony can go both ways.. and for sure it can be quite funny that some seemingly long term (and potentially experienced.. hard to know?) players might be playing around with seemingly small amounts of BTC but proclaiming that it is their whole stash. Not trying to provide any kind of out for D_W.
By the way, I have told this story before, but close to my first two years in bitcoin, I ONLY accumulated BTC.. I did not do anything else, but I did make several transactions to either buy something or even to give some BTC to friends or family.. but I was always quite paranoid about not wanting to deplete any of my BTC stake, so if I ever sent BTC outside of my wallet, I would be so anxious to replace it in a relatively short period of time.. usually within the same week or even within a few days at most.
By the time I worked out the parameters of my sell on the way up system (which was mid-to-late 2015), I gave myself a restrictions in terms of how much of my total BTC portfolio I was allowed to play with, and I was kind of learning too.. I did not want to trade in any kind of practice mode in which "nothing was at stake" - those practice methods of learning..
I wanted to have some value at stake, so quite a few of my earliest orders would sell if the price went up $20 or something like that, and then buy back on a similar drop in price, and of course, the price in the mid-to-late 2015s continued to be around the mid-$200s... but the earliest amounts that I had authorized for myself to buy/sell would generate something less than a dollar profits or maybe sometimes more than that (subtracting out fees on both sides of the trade), but surely at the same time, I would still get excited because the profits were like free money that I could fold into my overall BTC portfolio (whether held in BTC or held in dollars).. but still small amounts, and I was derided by some people close to me for what I was doing, how much time I was spending on it creating and getting used to my system and how little were the profits.
I kept saying that as the BTC price goes up (presuming that it is going to go up.. sooner or later), the amounts that I trade would likely go up too and the spreads and the increments should go up as well, even if I might still be trading similar amounts of BTC.. but I also had some projections that I would be authorizing myself to even be able to trade larger amounts of BTC as the price went up too.. because some of my already held BTC would go from being in the negative to being in prorits, so then I would be able to formulate my authorized trading amounts based on larger amounts of my total BTC portfolio...
So you can imagine that BTC prices now in the supra $20k prices has resulted in amounts that are more than 80x higher from using similar amounts of BTC.. so maybe instead of making $1 or $10 it ends up being $80 or $800.. Of course, my spreads have increased quite a bit since then too.. because in the very beginning, I purposefully created small spreads to make sure that I would be able to get a lot of practice.. but after having the system in place for a decently long time, not as much practice is either required or even wanted.
Members sometimes differ in their opinions on how to go about these matters or even how to adjust their practices as the BTC price goes up.. maybe also there might be some desires to take some of the amounts off of the table because maybe there really is no felt need to put as much of the portfolio at risk.. so maybe there were period in which I might have been selling 1.5% of my BTC portfolio for every 10% that the price went up, but then at later dates, I might have gravitated more towards ONLY selling 0.5% for a 10% rise in portfolio value.. of course, the way that the sales and buy backs are structured might not fall exactly within a percentage formula but they might be ballpark ideas intended to achieve a kind of ballpark result (percentage wise).
In 2016/2017 and maybe in 2018 and later too, I recall in the earlier times, jbreher telling me that some of my laddering ideas were dumb because I would end up selling way too much and then run out of BTC.. and I said that is bullshit because I already projected it out to pretty much verify that I would never run out of BTC based on the formulas that I was attempting to follow for myself.
I recall that at some later dates, Jbreher was posting about some of the small increments of his employment of similar laddering strategies, and I said to him .. "holy shit, haven't 'we' graduated into larger spreads and larger increments based on BTC price increases going from $250 and then being in the $2k to $20k and then back down into the $6k to $10k prices?" and he seemed to like his seemingly small spreads and small increments (relatively speaking) Sure of course, members are going to have some of their practices which sometimes seem strange or self-defeating to others .. and even relatively small, too.. but there is surely individual discretion in these kinds of matters in terms of how to do it and also how to describe the amounts at stake... whether to make the matters more concrete (and relatable) or not by describing some actual numbers.
