Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4614. (Read 26608844 times)

.... looks like someone/entity bought $1.6 billion on the spot market, totally destroyed the shorts artificial backwardation on the futures

... the game is truly afoot now, wheel out the dead shorts and let the bull run begin

I've got a collection of old CBs somewhere in my old HDDs.

Here are a couple I put on Imgur... the reaction to the Silk Road bust.



From over $130 down to under $110 and right back up in less than 2 hours... a good lesson on hodling several months before Gamehuobi coined the word "hodl".
_____

I kinda like the fact that there were no numbers at the top. They can distract people into thinking they have some kind of importance.

I don't want to be bragging (or would it be humble bragging?), but I will anyhow...

In essence, my BTC portfolio and my ongoing practices have caused me to employ ongoing shaving off of profits.. and maybe even a wee bit extra here and there as needed.. or even if I don't need it.. just in case.. especially whenever the BTC price goes up.. even if it goes up from a decently-sized dippening point, including the one that we had down to $28,600 - which surely was within a kind of 56% correction area)... sure I am trying NOT to sell at those low dippening prices because the main purpose during those times would be to be buying.. but gosh when the price started going up to $35k and beyond little shavings could continue to be taken off with hardly any shits given regarding whether I am getting the most bang for the buck blah blah blah.

Sure there can be some better feelings selling at $50k rather than $35k or selling at $65k versus $35k.. but in the end, the amounts being sold are not really that BIG in comparison to the total holdings.. and sure, if there were a multi-million dollar ranch in the works and I had to shave off a few million, then yeah maybe I would be wanting to shave at $150k rather than at $35k.. and does it go back to living within your means for the things that you are wanting to purchase.

I will admit that I have had a few relatively BIG ticket items, and maybe this is time for one of my disclosures regarding a business project that I agreed to get into in around March/April... Don't get me wrong, this was not some kind of a project that I was planning to do, but I was not opposed to it when I was approached with the proposal.. which would end up causing me to have to get some dollars out of my BTC... so at the time that I agreed to it, and started to work on the details, the BTC price was peaking and then coming off of the peak...so surely some inconveniences with that.. so I am not really sure how to measure what I did, but largely I ended up using the BTC price movements to move funds around.. and then having to shave off extra funds to get fiat as thew expenses came in.. so at this time, I can pretty much say that what I did was successful, because I did not really deplete too much from my BTC holdings, but I probably ended up taking a bit more out.. which largely ended up coming from my outstanding buy orders between about $9k and $24k... so surely if the BTC price ends up dropping into that $9k to $24k range, I am not going to end up having as much funds as I would have otherwise had.. .

I did a quickie back of the envelope calculation, and at today's BTC prices, it appears that I ended up shaving off around a bit less than 2.5% of my total value of BTC portfolio by drawing from the value of all of my BTC buy orders between about $9k and $24k.. and which is a kind of consideration of never having to replace those BTC buy orders.. hopefully ever again... and one of the good things does seem to be that both the 208-week moving average and the 104-week moving average seem to indicate that the odds of going below $16k or $24.5k are quite low, since that is where those two indicators, relatively speaking, are currently at.

I will admit that there was some tension drawing and transferring from those funds over the past 5-6 months, and I did not want to say anything while I was in the midst of such a process (would it be concerns of jinxing it? or just that it was not fair to say anything while I was in the midst of such a process that involved both my finances and psychology.. none of your fucking business.. up to me to disclose as I saw fit.. , right?.. hahahahaha).

I guess part of my point, besides revealing aspects of my withdrawal process over the past 5-6 months is to just say that for me there seems to be a quite a bit of a lot more flexibility this time around (this cycle) as compared to within the 2017 cycle, and even if my BTC portfolio had approached a level in which I could have really started to employ considerable withdrawals without really feeling any kind of material and significant deteriorations in my own networth or hits to my psychological well being, I do feel better this cycle to have that extra cushion and that extra level of not giving too many shits.. because of the existence of extra cushion.

Part of the reason that I had been suggesting that guys likely need to go through at least a couple of BTC cycles before they really start to go down the consumption path because if some of us might end up being bordering upon fuck you status or not quite at fuck you status and wanting to consume versus if we are well in the excess of our targets (whether our targets might be 0.21 BTC, 0.63 BTC, 1 BTC, 2 BTC, 10 BTC, 21 BTC, 40 BTC, 80 BTC or some other amount that causes us to feel as if we have reached our fuck you status), then we might not even feel very stressed in terms of consuming some extra here or there or shaving some profits off at $50k to $60k - even if it might be in the midst of noman's land and it might well be better and safer and more bang for the buck to shave off more in the supra $80k territory rather right in the midst of what is likely to be no man's land.

Explanation

Me too

The next hundred years are critical.

Has anyone had the Clouflare "always online" thing *ever* return a cached version of a page?

More important, which timeframe is critical ??

asking for a friend

I started working in another office on Monday. At the coffee machine, 2 of them talking about shitcoins they're trading on their phones. I resisted the urge to jump in. First because I don't want to talk about shitcoins. Second because these people are my direct superiors and I deserve a raise, I don't want them to know my life doesn't depend on it !

Well in a way it does, at the raise would largely go into DCA buys of BTC...

Explanation

Wait, so you wanna take an opportunity/bet and when gaining/winning money you don't have, you would be angry paying taxes

So you prefer not having any at all??      

Me not a trader or any..... But i mean you believe in gaining and don't wanna gain bc you have to pay some off?

The finex 24 hour high is $55555.

Stamp next.

Since the beginning of the month.

My stonks : -1%
My BTC : +23%

Lookie uie poo-ie Gembitz membitz!!!!!!!!

Top soothsayer.

Who would-a-thunk that Gemitz membitz knows shit?  beyond random throwing darts guessenings.


For any guy who is earning excess in bitcoin or has excess value in bitcoin, surely the BIG discretionary question remains more about how much to sell and when to attempt those kinds of sales rather than whether to sell.

Similar thing (but on the opposite side of the coin) would be true for anyone who either has no coin or they have very little coin (underprepared for UPpity).. those guys are going to be coming across all kind of information that cause them to consider that bitcoin might be toppy, or a bad investment or governments are coming after bitcoin or some shitcoins are better than bitcoin or concerns that there might be better investments out there (such as property, gold, equities or something else), and having those kinds of dilemmas about bitcoin's investment thesis would be considerations regarding how much bitcoin to buy and when to attempt those buys and really if you are any kind of prudent person, you would not be allowing any of those kinds of questions to cause you not to buy.. .. and sure, many of us already know that normies need to get the fuck off zero and there are way too many normies who are either at zero or they are way too whimpy in their BTC allocation, given where bitcoin is, where it has been, and where it is likely to go.

Not actually the first post. The "Explanation" link was added after everyone got fed up with people asking what it was all about.  (Actually, may have been when people got concerned about ip harvesting from the external link I had before).

This is actually the first available. Slightly higher price but we were in that awful bear market.



There were earlier ones but they have expired from the server they were on.

Xi is a politician. Top generals don't care if they crash the economy. A politician (especially one with a life mandate) should care.

I remember buying my first bitcoin in this price range, saying to myself "If a whole bitcoin is worth hundreds of dollars now to people out there and still hardly anyone I know even knows what Bitcoin is, then a bitcoin is going to be worth thousands one day!"

I couldn't have been more right.

https://twitter.com/pete_rizzo_/status/1445773560975265804

What a dilemma.


Oh gawd.....    my eyes are going to roll out of the back of my head.


Sales for ants... but hey.. I understand that it is good to keep some money in cash.. especially to pay for some expenses (mining related) so yeah.. keep up the good work, including keeping king daddy more than extra secure.  In udder wurds, extra mining and security never hurt nobody.. at least in bitcoinlandia.