Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4845. (Read 26607505 times)

What is this?

jjg: "I already disclosed that at one time in recent history I had achieved 3x that level [meaning 3X0.21btc=0.63btc or $30Kworth] (whether I can hang onto them is another story), so we can continue to work our way up in terms of our level of stash and we can only do what we can do."

Why would ANYONE believe any of your utterances when before you referred to yourself "I am rich as f-k" (somewhat cringeworthy, i know).

The only way BOTH of these statements could be true is the situation that you either squandered all your prior btc or you sold most of it for the stupid fiat.
I think that there is a third possibility: you are are making it ALL up and forgetting what you said before.

finally, it pretty much means that you hold mostly fiat (in a best case scenario)...then why you keep giving us long lectures about  "peepeared (sic!) for uppity" and "under-investment"?
in a worst case scenario..it is all a bunch of "imaginary" situations on your part.

Explanation

... this is actually a really smart buying strategy now that options are becoming a big part of the current btc price action ... DCA once a month on options expiry dates over months is the way to beat the noise and leverage time against the shorts dollars

Explanation

I do, but it's somewhat through rose-colored glasses, now that I am away from it. I miss living in the country (but I'm going back to live on ancestral ground), I like being 10 miles away from the nearest Pepsi machine. I like that there are about 4 people per square mile, and I grew up with all of them, and their parents grew up with my parents.

I do *not* miss insane working hours (my record was 104 hours in one week, once), I don't miss the weather, governments and markets deciding on whether I can make a living this year. I drove over 1200 acres three or four times a year. I don't miss old equipment breaking down (and I was the guy welding them back together when possible). I do *not* miss wrestling with cattle in the mud and their shit.

Don't. Derivatives are nasty. At least watch your liquidation levels carefully. Some whales can and will swing the book and wipe you out before you can say "fuck".

What a strong looking #permabull! Let this week run its course... then 50k is an inevitability!

African night crawlers, they are bigger than red wigglers and probably eats faster too...

Explanation

I had a dreadful thought one day, that many of the so called Trolls may have mental illness. I would not want any of them to cause themselves harm because of some remark I'd made. So I've decided to go soft and treat them sympathetically. While behind the scenes I may have a little chuckle to myself.
Can you imagine what it's like visiting this forum as a no coiner, reading lots of posts with people actively involved in the Bitcoin space but being too afraid to join them and just get in at today's price, always praying for the big drop down to whatever price, then if it gets there, they still don't buy in. So they can only shout in from the sidelines, joyous at the discomfort some holders experience when the price tanks. The Germans have a word for it 'schadenfreude'.
While Billy Coiner was making stupid comments at $30k, I bought BTC 0.25 at $31.5k thinking the $32k window was about to close, I was wrong and when it dropped further I bought another BTC 0.25 at $29.6K. Not often spare fiat and buying opportunities arise at the same time. Meanwhile Billy Coiner will be suffering extreme angst at the rest of the forum's good fortune. With Phillipma the miner generating windfall profits from the hashrate fall, our resident cowboy getting on with his dream ranch, (I do hope he drops the litigation against his neighbor, draw a fucking line down the middle of the disputed land it amounts to 0.4 acres each, shake hands and get on with life.) Jimbo developing his lake I hope the mosquitos ain't too bad. Countless others realizing some of their life's ambitions. Lambos, hookers and blow. Or even a John Deere, not much difference in price from a Lambo, 380 HP but not much female pulling power, 0-30 in 2 minutes.

One thing that comes across in your voluminous posts is the recurring theme of looking at Bitcoin over the long term. I like the concept of the 200 week moving average and have come to regard this as a better price indicator than the frothy tops.  And all the in-between action is just so much noise in a super 12 year bull run. I like too that you advocate to would-be buyers to DCA their purchases. One of my sons allocates 25% of his salary every month and just buys it at month end price. He tells me he hopes to be retiring at 40 in a few years time having reached your definition of Fuck Off status. For most giving up work seems to be a big goal. I guess it would be for me too, if I had to answer to a boss. Fortunately I've never had a boss, I run my own business, the successes and failures of my decisions are mine, the buck stops with me, all the rewards are mine and the IRS. I like my work, I get extreme satisfaction from farming, it is true that it is more a way of life than a job, as such I've probably never worked a day in my life. Family farms suffer high rates of bankruptcy and for me Bitcoin gives the security that I have a good buffer against any future bad years.
Keep on filling these pages Mr Jay  

Ever miss the farmer life? I appreciate the simplicity it projects outwards, the entire lifestyle, although I'm well aware that it's not all that simple in reality.

I'm fourth gen farmer. I built a spray rig on a 1974 Dodge 4x4 3/4 ton truck. It had a 500 gallon tank, I could spray 40 acres in about one hour. I am out of the game now, but the spray rig was kinda fun, actually. It was highly computerized, and I was very precise in my application.

How's your short going Raja?

Bought back yet?


It would be someone like Jupiter9.   or some other delusional and short-lived poster in these here parts.


You seem to be making a much similar point as me, of course in fewer words.. and not as many hypothetical variations thrown in.

There is a kind of combination of your even knowing about the asset (in this case bitcoin), how you perceive the asset 's present value as compared with its future potential value, and the kinds of actions that you take in order to prepare for various upside possibilities. 

And, of course, your assessment of BTC as compared with other assets or how you can manage your own wealth (or expenses and even psychology) is not locked in at the time that you first heard about bitcoin, and therefore you are able to tweak own strategies along the way, hopefully based on learnings and hopefully based on learnings that will take you in the right direction..

......but you cannot be sure about any of your learnings taking you in the right direction... Do you know how many shitcoiners are smart as fuck, but for some reason, they get distracted into some misplacement of perhaps good ideas causing them to conclude that they should spend time and/or money into shitcoins. 

Maybe one other point would be that a guy/gal might consider some kind of leveraged plays that could help to accelerate his/her reaching some kind of level of richie, but in some sense, if you really think through the desire to get richie more quickly, there are likely ways to play way more conservative in bitcoin and still end up reaching richie status way more quickly than any normie would have had chances to reach such richie status... and of course, an example could be a normie who might have a $30k to $50k per year job who is able to stack away $100 per week, and that person would have been in a pretty damned good position in reaching richie status in a mere 6 years (so yeah about 21 BTC in the past 6 years for that level of investment.. which is not a bad place to be).. which is way beyond the dreams of any traditional investments normie to have to consider 30 years or more to even come close to richie status, and even those traditional investments might not even bring him/her close to richie status after 30 years of similar levels of aggressiveness (let's say $100 per week or something like that and assume that the amount invested might go up through the years with some presumed increases in income through the years, too).

JJG, I’m on about a bit of fun money, 4 figures in USD. I would never, ever, ever risk a serious amount of corn on leverage which is essentially gambling.

Hopefully we don’t dip more any way. Be interesting to see what happens tomorrow.

Of course, you likely already know the answer.. but I will repeat some version of the answer anyhow..

In essence, there is not a "need" for down to happen before up, but sometimes down does end up taking place and that down does end up coming before the up ends up coming: whether that is due to momentum, perceptions of market participants, actual number of coins that are available in terms of a surplus that is available to dump or a shortage that is not available for those who want to buy, manipulation, taking advantage of margin traders and/or perhaps some other reasons.

TLDR:  Shit happens.



Oh?  My?

One way to turn a decently rich guy into a no longer as rich of a guy is with leverage.

Don't let greed get in the way of prudence..

but of course, you be an adult (in theory), so you can weigh your own various factors including how much extra risk comes from 10x leverage as compared with other options that you might have available in terms of managing your wealth, including how to play, if at all, with your BTC holdings.


I am not sure if I would frame the matter of the market being smarter, but instead, the odds of up versus down may go up or down significantly based on a variety of information (including something like the expiration of options and also a variety of other factors that LFC considers himself to be seeing), yet at the same time, have the odds changed 10x to justify a 10x leverage position.

Sure, I understand that LFC is probably only playing with 1% or less of his total stash, so maybe it ends up being less of a BIG deal, even though the idea of the change in probabilities might not be as great as the amount of weight that LFC is wanting to assign to his leverage play.

I am not sure if he gets any advantage in announcing his plan in advance in a public thread like this... Generally, if you are going to make a bet with stakes, you would not want to announce the bet, unless you consider the announcement might be helpful to you.. in some way.. or unless there is a kind of need for credibility to show that you are correct about a bet before you make it, yet I don't understand if there would be much value in that "I told you so" factor..   It's saying not only am I going to make a prediction, but I am going to back up my prediction with an actual trade.... I doubt that LFC really needs that kind of credibility boost.. because he surely could make whatever bet is considering in silence and then come back and tell us about his bet afterwards, and I doubt anyone (of importance in these here parts) would consider him to be a liar.

I remember that when we sprayed during the Day it scorched almost every plant and the product was not good for consumption. The fine must is a great solution to spray when ever you want yea But like you said it can evaporate sometimes without having the desired effect so  so in the mornings its the Best or night.

I do not want to Tell which plant we Boil, atleast not Online 🙂.

Well we mostly do not aim to kill the pest But the deter them from damaging the plant. Cause If we get this right we dont have to worry about mold and diseases.

Do you perhaps know the story when the Locust came to EU? People gathered in great numbers and just swatted the Locust. But it is great to get them before they get their wings cause if they do its so much harder..

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Told ya guys that JJG gon have fuel 😂. He Just hates even if I get some positive attention 😂😂🤮

Imo hes closer on being banned then I am 😂

Explanation

upload without registration

Was this the

Sell in may walk away …..

Then

Remember to buy back in September <— hopefully 🤣

The photograph is fine, I'm glad it rekindled some memories for you. Thanks for the tip that yogurt works better than milk.
The spray I used on my potatoes this morning to protect against blight is the same one you will be familiar with on grape vines. Bordeaux mixture made from copper sulfate and slaked lime, first used in France over 120 years ago and I believe still approved for organic vineyards.

Looks like the bears are feeling confident enough to start placing shorts again. The bear trap is set and the prey is in sight. I think it’s about time for another squeeze to teach people why exchanges offer the option of trading with leverage. Like I told my buddy yesterday, if you think the price of Bitcoin is going down, zoom out on the chart. We’re about to have a 100 day run they’ll be studying about for decades to come. Buckle up.

Yeah, pumping down like several times within the last 40 days.
Too bad it pumped up harder afterwards each time, innit?