Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3710. (Read 26732035 times)

legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Sup everyone, just wanted to tell you that my Daily DCA is now active till 2023.
I will be buying daily for the next 237 days. Lowest BTC will go according to my analysis which I posted on 27th Jan is $24k which is 200 Weekly Moving Average.

If we take time into consideration for the price to meet the Weekly 200 MA, it will be near about $24k.
This changes the price drop from current price from 46% to 30%.



Have a good week ahead, happy buying.

Maybe you are hitting on another developing pet peeve of mine?

Daily cost averaging seems to be a misleading attempt at a euphemism... and the term is not daily cost averaging, it is dollar cost averaging (this correction about the "proper" term does not have to do with the dollar.. but instead getting away from expectation that there is any kind of meaningful justification to be maniacally in regards to buying every day.. which is more of an advanced practice rather than an entry-level practice).

Proof that you do not read before you jump to conclusions. Daily DCA
Daily DOLLAR COST AVERAGING

Not meant for everyone to read it properly, I guess?

Also, there is no particular strategy on when and how you accumulate, you just do it.

It seems that the best strategies are to attempt to tailor to your own psychological and financial situation in terms of both figuring out a sufficiently aggressive approach while NOT overdoing it....

In terms of BTC accumulation, I always consider dollar cost averaging to be the most important because it allows for getting in almost right away (after setting up accounts - wallets, or whatever to be used to get exposure) and then to be able to learn as you go.. to then be able to tweak your strategies.. and surely the other two main methods that can supplement DCA is lump sum investing and buying on dips...

Surely it can take a long time for anyone to figure out the better ways to attempt to tailorize those methods to his/her situation..and surely sometimes when someone is really dumb (not meant as an insult) or confused about what to do, DCA can serve as a kind of means to do something with a relatively small amount while maybe studying one's own situation and to adjust the approach in the future.
legendary
Activity: 3920
Merit: 5565
Note the unconventional cAPITALIZATION!
And SERIOUSLY.  For the LUNA bagholders...  Help is just a call away.  Whatever you are thinking is probably not worth it.

Seriously... O.M.G.



(Hard not to buy a bag here, really... but this homie don't play that)
legendary
Activity: 3822
Merit: 5504
Ooof. Luna fanbois getting rekt. They started putting up suicide hotlines on their social media.

Should have bought BTC Cheesy

LOL, pinned threads.

https://old.reddit.com/r/terraluna/

Not to sound apathetic, but I file this into "People not old enough to remember the carnage of those gullible scammed by penny stock scams in the 1980's and 90's"

And yes, many of those people lost their life savings and ended up committing suicide.

History repeats.

Also, "Biiiiittttconnnnnect !!!"
legendary
Activity: 3920
Merit: 5565
Note the unconventional cAPITALIZATION!
If you have the house edge and still can't make it
https://twitter.com/WatcherGuru/status/1524125736726110213



Not that I would ever buy COIN, but over 20 Wall Street analysts still have a price target of $271.23 on the stock. It's currently @ $55.37.

That means that either they know something is coming that we don't know, or they are all complete fucking idiots.

It CAN be both.

So, Bitcoin has bounced off the yearly low today...  It would be great if this was the bottom, but most signs do not point to that.  Still Bitcoin does what it likes to, and I think it is acting great considering the environment.

Could be in for a little altpocalypse action here, which usually painful is some of the best medicine.
legendary
Activity: 4284
Merit: 5215
You're never too old to think young.
That means that either they know something is coming that we don't know, or they are all complete fucking idiots.

Probably the latter.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
If you have the house edge and still can't make it
https://twitter.com/WatcherGuru/status/1524125736726110213



Not that I would ever buy COIN, but over 20 Wall Street analysts still have a price target of $271.23 on the stock. It's currently @ $55.37.

That means that either they know something is coming that we don't know, or they are all complete fucking idiots.

Probably both.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Ooof. Luna fanbois getting rekt. They started putting up suicide hotlines on their social media.

Should have bought BTC Cheesy

LOL, pinned threads.

https://old.reddit.com/r/terraluna/
legendary
Activity: 2688
Merit: 2399
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Edit: No I see the Nasdaq has shit itself. It was a higher CPI than expected.

Not for anyone paying fucking attention.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Sup everyone, just wanted to tell you that my Daily DCA is now active till 2023.
I will be buying daily for the next 237 days. Lowest BTC will go according to my analysis which I posted on 27th Jan is $24k which is 200 Weekly Moving Average.

If we take time into consideration for the price to meet the Weekly 200 MA, it will be near about $24k.
This changes the price drop from current price from 46% to 30%.



Have a good week ahead, happy buying.

Maybe you are hitting on another developing pet peeve of mine?

Daily cost averaging seems to be a misleading attempt at a euphemism... and the term is not daily cost averaging, it is dollar cost averaging (this correction about the "proper" term does not have to do with the dollar.. but instead getting away from expectation that there is any kind of meaningful justification to be maniacally in regards to buying every day.. which is more of an advanced practice rather than an entry-level practice).


Proof that you do not read before you jump to conclusions. Daily DCA
Daily DOLLAR COST AVERAGING

Fair enough for pointing that out.. you fuck #nohomo....  in terms of my NOT catching that technicality in the wording.

Nonetheless, it seems to me that I still made my overall and valid point in regards to why "daily" is problematic for a lot of normies, even if it might well be a workable approach for ImThour in this time in his life.... perhaps?  Perhaps?  if not, at least I mentioned one of the significant ways that I become worried in regards towards attempts to spout out ideas in regards to why I am concerned about buying too frequently.. especially when potentially dealing with small amounts and flat fees that some exchanges have..and the situations of poor people to not let the perfect become the enemy of the good as I already mentioned.

Of course, I do not know ImThour's exact details beyond what he said and even to the extent that I may have read or understood all - or any -  of the details that he might have actually already pointed out that I ignored... hahahahaha.

Last time I checked, this thread is NOT only about some personal quirks in the ways that guys might structure their BTC accumulation and/or portfolio management strategies - or even gotchas about some technicalities.. including that people do sometimes say daily cost averaging .. even though ImThour did not say that, even though he said that he has structured his purchases on a daily basis - so in that regard, there is fair game in the actual topic and the points that I was striving to make inspite of some technicalities that you spotted.. and surely, nothing meant to be personal in regards to ImThour - except maybe a few wee little digs in here and there because he quite likely deserves it.. based on reasons..... (that might be his past conduct, present conduct or things that he might do or think about doing in the future)  hahahahahahaha 
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3822
Merit: 5504
If you have the house edge and still can't make it
https://twitter.com/WatcherGuru/status/1524125736726110213



Not that I would ever buy COIN, but over 20 Wall Street analysts still have a price target of $271.23 on the stock. It's currently @ $55.37.

That means that either they know something is coming that we don't know, or they are all complete fucking idiots.
legendary
Activity: 4382
Merit: 9330
'The right to privacy matters'



Who is this lovely figure of a man. A luna-tic?


please note I thought photo was nicely sized and kept it that size.
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
legendary
Activity: 2310
Merit: 2119
A Bitcoiner chooses. A slave obeys.
Ooof. Luna fanbois getting rekt. They started putting up suicide hotlines on their social media.

Should have bought BTC Cheesy
legendary
Activity: 4382
Merit: 9330
'The right to privacy matters'

Quoting my accountant from my former carreer life:

Quote from: Rudolf
My job is basically to make huge wins of my clients look like huge losses in their account balances.


Basically they can't lose, the fees they charge should more than insure a profit.

legendary
Activity: 3654
Merit: 8909
https://bpip.org
Does the cryptocurrency market close?

It's closed. Go home.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
legendary
Activity: 3234
Merit: 5637
Blackjack.fun-Free Raffle-Join&Win $50🎲
Does the cryptocurrency market close?


Explain what exactly you mean by "close"? Bitcoin is not something that is traded 8 or 12 hours a day, but 24/365 - so if you are bored at 4 in the morning, you don't have to wait for any bell to ring to trade. If, on the other hand, you ask if the price has hit rock bottom, no one can give you a concrete answer.



These days when someone asks me if this is the end for Bitcoin, I just send them this picture so let them think whatever they want Wink




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