Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4930. (Read 26608448 times)

Hey proudhon can you please check how many days since above $40k now?

What's with this new McDonald's hat?

$50k is not far!

https://cryptonews.com/news/argentina-s-president-calls-crypto-a-hard-currency-that-can-11424.htm

A nice place to chill in Portugal bitching about the government policies while having a chilled beer with like minded people.Good place to hangout on weekends

 

Explanation

Weekend

Delayed response, missed this reply before, rather than ignoring it.


Not really I don't think, more badly explained I think. I did "invest" prior to account registration in 2017, but this turned out to be for quick gains, as came "late" into the market basically around $5K, so didn't want to get rekt 
Otherwise invested properly as a hodler in 2018. So in summary either I waited until BTC was 8.5 years old, or 9.5 years old. Hence: *almost* 10 years. But more to the point...


I think you misunderstood me. I meant I waited until Bitcoin was almost 10 years. I didn't mean to imply I quite knew about it in 2019/2010 no, but sure I see this was the implication from sloppy English.

Definitely wouldn't have waited around if I was engaged with the software back then and saw it trading for cents! But ultimately wasn't computer literate by then so would have been impossible for me, plus very odd. I did find out about it in 2011 when a homeless hacker-ish friend claimed "this could be worth thousands now it's worth $1", therefore wanted to crack some free internet for us in order to mine some coins... But ultimately he never got that connection sorted. There was no strong enough WEP available from the neighbors, was trying dictionary brute force WPA prior to reaver/WPS, so gave up after a week. He instead got some coins P2P, followed by selling around $5-10 for some high grade weed (a classic case)

Then again exposed in Winter 2014 while living with a core dev & (legal/unofficial) "hackspace" for a few months. I did learn a lot, but they were too busy getting high for me to take them seriously. Even when they weren't on acid, it seemed like they were on acid basically. But ultimately, even while being computer literate by then, it still seemed too young and too high risk despite the potential. Especially while beginning it's down-trending at this point after blow off top + had no money then anyway   

Plus the crew were annoying af to live with, proper waste of space, so put me off for personal reasons investing in "their ideas".


For sure there wasn't a mainstream investment opportunity, especially from the UK. The housemate had already had their unlicensed exchange shut down by UK PLC after making bank so it didn't seem like a sensible idea to try and buy some coins either, even from Coinbase Probably shouldn't add that last part in, as those involved back in these times in this location will know very well who I am talking about. But sure, I was around this scene, and could be one of hundreds of people uninterested in Bitcoin 


I think you can tell from my past exposure with Bitcoin, it was relatively high and twice over, being in the the circles I was mingling in. Mining doge in 2014-205 was also standard practice from a housemate I'd be living with for example.
(An ex-housemate I still don't know the username of on here to be honest, but was involved in bounties on here while not busy taking heroin or otherwise)


TL:DR: It's ok, I hear you. Primarily I didn't explain very well the "waited 10 years part". More like waited 6/7 years in total ish, followed by waiting for Bitcoin to become 8/9 years old.
Hope that helps specify the previous response 



Precisely my point, hence this wasn't my initiative as to me it seems like a very dumb comparison
I was just trying to show how stupid the analogy actually is, thanks for your assistance 

Explanation

Well this was nice to wake up and see Didn't even test the triple pocket of support, only the 50 MA and straight back up in an uber bullish manner  



Despite currently being back above the 200 Day MA, there is a TD 9 Sell Signal to be cautious about (currently shown as a Red 1), so I wouldn't get too excited quite yet:



Looking at recent data, these have been relatively reliable buy/sell signals (5.5 correct sells, 3 correct buys, 1.5 wrong buy/sell). 85% accurate for now?
My guess would be a classic 1-4 candle correction not much else,, unless the 9 is breached (similar to opposite of the yellow X scenario): moon.
Healthy support zone in purple just below the price; 21 MA, 0.382 fib & previous resistance turned support. All looking good to me.
Patience is a virtue 🚀

Explanation

I can't give an advice for futures trading. For me futures trading=shitcoins trading=casino=russian roulette. I would give only the advice not to keep coins on any exchange, especially shady like Binance.

Although your writing is very casual, I understand it.

Whoazza..

could be.

Hopefully, you don't jinx it again Philip - like you did to $70k.... (you fuck)


1st.. Many times it is better to attempt to get along (especially with neighbors) rather than battling.. but whatever, you do you.

2nd... I suppose that maybe my earlier conjectures may have been wrongedly.  Based on your various earlier disclosures, I had considered that maybe you had around 500 to 900 BTC, so your various recent sales would have had decent chances of bringing your stash below 500 BTC.. but what do I know?.  Of course, you do not need to disclose anything, but you are the one who already made all kinds of disclosures based on your own will - to the extent that you have any that goes beyond getting emotional about things.. and blah blah blah.  ahahahahaha

Anyhow, 400 to 500 BTC would put your BTC stash at $18 million to $23 million, and sure of course, you seem to have other assets too, including property, but if you are suggesting that you are in the $100 million plus club then if that wealth were only in BTC then it would be in the 2,200 BTC ballpark, but of course, if you have wealth in other property/assets, then surely 1,500 or so BTC could still allow you to fall into a $100 million plus networth club.... not that it matters too much, but some things just do not seem to add up, especially given some of you historical petty nonsense.. but whatever, you do you... which you do seem to like to bolster and exaggerate for effect, and some guys do seem to appreciate your some what predictably unpredictable emotional outbursts.


hahahahahaha

no homo... and I am not even sure if I am trying to help you out here.. but surely could be helpful to some other members to see some of your all over the place outbursts playing out from time to time (it's not that they can go back and review your historical fantasy-landia postenings..... pooof!!!!!!).



I don't really disagree with any of your points aysg76, but surely there are limits in terms of how much lump sum investing that anyone can do, and surely those who engage in more aggressive DCA strategies are likely to have decent payouts but it could still take a few bitcoin cycles for all of it to pay off in strongly measurable ways (and no guarantee, either).

Surely $25 or $100 per week would have been very good for the past 9 years or so, and even you seem to be recognizing that there are likely to be lower levels of UPside in terms of magnitude in which any guy's ongoing BTC investment is going to magnify.. so surely I would not be arguing or discouraging any ongoing and even aggressive BTC accumulation strategy.. but gosh it could take a while to accumulate even 1 BTC.. even though you are correct that accumulating 1BTC is likely going to be better than investing the same fiat in some other investments whether it takes 4 years, 8 years or some other longer time frame to accumulate 1 BTC (referring to newbies who may well have a tight cashflow).

And, so ultimately the punchline does remain that once a person recognizes BTC as a good investment to do what s/he can in terms of the level of aggressiveness that he can afford to do without putting his own finances at risk in terms of getting into trouble with covering expenses...or having to draw from his BTC stash that is of any time that is NOT of his own choosing.. and with BTC it is probably much better to be able to allow it to ride for a while before starting to draw from it (so each of us do have to be careful in terms of NOT over investing, too).

Explanation

I am not sure where else I can do my LONG positions on. It has huge volume and I kind of like the UI aswell.
I am not a fan of centralized exchanges but Binance is the rock pillar of the Crypto community at the moment.
Breaking it will only break the Crypto space.

Binance is down for maintenance and the trade on all other exchanges is on hold. This is ridiculous. Clearly the insane bot trading in Binance is what triggers the trading bots on other exchanges. What would have been without Binance? Considering that their bots eat like pirahnas any fraction of a percent profit to the point when it often turns to triggering stop losses, the price should have been much higher. It is good that at the news of closing some accounts, many left reducing the reserve with 50K bitcoins. I miss the old good days of 2017, when BFX was leading the market with volume based mostly on the bid/ask books. Now these books are completely irrelevant, thanks to the high frequency trading in Binance. Yesterday there were only red hourly candles and at the minute binance was off, a recovery followed. It is so obvious now that the repetitive pattern in the recent months of 12+ hours consecutive red candles were not caused by any other exchange/otc desk, but by these poorly programmed bots. According to glassnode data, $50 bil were realized losses on all exchanges for 2 months, of which at least 1/4 are on behalf of the Binance traders. Now I see that binance is back on, unfortunately. The price is going up for now, which is good, but it may be because the bots will be started a bit later. Let's hope the fate of Binance will be different than MtGox, but the latest Defi hack is a red flag for anyone keeping funds on that exchange.

Just found the best indicator on TradingView. 

Hahahaha  it's funny how some people seem to get so much glee to talk about other people who they are supposedly ignoring, but cannot resist to read that ideas of such other people whom they had been supposedly ignoring but cannot resist commenting back, as a bonus.

 



There are some people like that, but I doubt that too many people are claiming to NOT be affected at all, but still the point remains that if the cushion is so god damned great and there remains a decent amount of confidence in the strength of the underlying investment, then why get so worked up about what are likely somewhat normal cycles that take place in this particular asset class.. Yes, it got corrected by around 56% for that whole damned cycle and some of that took place in very short periods of time.. but it was likely not even as close as bad as your panicking little whinny FUD spreading ass was making it out to be...especially if you consider the actual context of having had gone up around 6.5x in about 7 months, and then the worst of the correction still had the price of bitcoin up nearly 3x from that starting point.. and sure some whiners like you were proclaiming some high levels of certainty that for sure we were going to get down to less than 2x up and even only 50% up, which still would have been up and should have all been appreciated for buying opportunities rather than crying about the sky supposedly falling when it did not end up happening, and the buying opportunities were likely anywhere in those most doldrums of times of 40% to 56% correction areas that could start to look like pretty decent bargains after more time passes and perhaps even we never get back to anything even near those prices ever again... perhaps? perhaps?  none of us know and even uie poo-ie seem to recognize that sometimes BTC prices do not come back down to their correction prices that had occurred during a bull market.

But sure you had several times clearly and unambiguously and even way the fuck prematurely proclaimed that we were in a bear market.. which is a bunch of bullshit if you were trying to get people to either sell some or all of their bitcoin after an already crash or to cause vulnerable peeps to not buy during the time that they should have been buying.  Hard to really feel sorry for you, when you seem to have pretty damned great inclinations to run as soon as we are anywhere near the trenches and especially that you seem to be trying to get others to run along with you before they are even feeling any inclinations to run.. but whatever, you do you, you whiner who frequently wants to reframe history during the sunnier days to suggest that you were with us the whole time.. blah blah blah.




Ok.. you might be coming around a bit to appreciate that there is a bit of an entry-level idea and to be move off of your your $6 million bullshit from earlier (which would be $12 million-ish now).

By the way, I am suggesting $2 million to be an attempt at a broad-appeal common man fuck you status, and surely attempt to capture a lot of people.. surely not the more elite or the ones with already high standards that they want to (hesitant to say "need to") maintain.

If we are talking about 3rd world countries, it is quite likely that we could still have a lot of folks with quite less than $2million as their entry-level into fuck you status, even $500k-ish or perhaps lower.  $500k of principle couple very well generate $1,667 per month of passive income and surely be enough to live quite well in a lot of places around the world without ever having to work again...

I might need to remind you that the entry level to fuck you status is merely getting to a point that you can live off of the income without ever having to work again.  It does not mean that you are at the top of society or whatever other extra bullshit requirements that you are seeming to want to attribute to entry-level fuck you status.


Again, seems that you are engaged in a decent amount of unnecessary muddying.  Of course, at various times in the past, we had talked about various levels of richie status, so I am not even denying or ignoring the various higher levels of richie status beyond the general entry level fuck you status.. which seems to be currently at $2 million.  

Furthermore your various ways of describing how to maintain your principle or to generate value off of your principle can be applied at any level of income, you don't need $10million to employ some of those various optional techniques if you so choose.


Money is not necessarily a problem at the entry level of $2 million, either...so sure you can buy more things with more money.. but whatever those are just higher levels and again just seeming to muddy the points.. and I am not even saying that people should not want to aspire to having higher levels of richie.. and perhaps higher levels of richie will come anyhow after the fuck you entry level had already been reached.

Let's say for example, someone was already getting pretty damned close to fuck you status when BTC prices were moving around in the $8-$9k range, so when BTC prices got above $10k and stayed there, then moved from $10k to nearly $65k, there could be arguments that at that point, such person had gone to around 8x of the entry-level fuck you status, at least based on the BTC spot price, and sure when the BTC price corrected back down to 30k-ish the person was ONLY around 4x above entry level fuck you status, and sure there might have been some fears developing that the BTC price could drop as low as $15k which would have been close to only 2x entry-level fuck you status.  So surely the level of richie status may have been affected, but there still was a pretty decent level of cushion beyond the entry-level fuck you status .. including that the materiality of the matter did not ever go much more below 4x fuck you entry level so the fear of going down lower did not end up materializing...

Were precautions needed for such person that would not have been necessary for people who had already been at 10x fuck you status around $8-$9k, sure, so surely the person lower on the richie status level was going to feel somewhat more insecure as compared with the guy who had 10x more value, but the points seem to be way more abstract than some of the more basic discussions that I believe that we are attempting to have hear in terms of ideas of broader appeal such as even just figuring out how much it might take to get to fuck you status and perhaps how to attempt to maintain such status or not to pull the fuck you lever too soon rather than getting into too many personal details that have to do with the lifestyles of the rich and famous that are 10x higher or even 100x higher than entry level fuck you status.



oh gawd....  

You seem to be suggesting that lower levels do not count and that peeps need to asprie to the higher levels that you describe..

Whatever.. you can do that if you want.. that's your choice (well that is if you can accumulate enough bitcoin and otherwise have timeline abilities to reasonably accomplish or aspire to those matters).  Seems like way smaller niche areas, and sure some guys might aspire to such.. but I personally believe it is much more interesting to talk about subjects of more broad appeal, including considering how newbies might be grappling with basic BTC accumulation techniques.. and even getting to basic fuck you status level might be something that they see that could be possible 30 years down the road, but they might want to try to employ smarter tactics to cut that timeline in half or even less if possible too..   there are plenty of people who are still contemplating how to get off of zero and just have something like a $25 per week accumulation status.. so maybe just getting to fuck you status remains quite a thing to attempt to achieve (and might even seem a stretch - rather than considering those higher levels that may or may not come after first getting to entry level fuck you status)..



Sure.. no problem.  

I don't necessarily have any problem with some people who may have employed techniques that just sit on their investment for many years and aspire for bitcoin to go up while NOT investing more.

The more active way of ongoingly investing in BTC seems to be a better approach (both historically and likely into the future), in my humble bumble opinion.

Let's say that you are describing a pretty damned realistic situation in which a guy accumulated up to 20 BTC by August 2015.  Personally, I believe that such guy could have accumulated way more BTC during that time if he had some meaningful level of conviction about BTC, but let's say that he had some reservations about investing too much into BTC, so he had ONLY accumulated 20 BTC because he was a wee bit of a scaredy cat in regards to investing too much into BTC.. so he considers $5k invested ($250 per BTC) to be enough... and he will just sit on his 20 BTC and frequently whine that he did not buy more BTC or that the BTC price is not getting to $10 million fast enough...

Let's compare that whiny curmudgeon guy (not anyone I specifically know... with a name Biodom hahahahaha) to the guy who bought 20 BTC by August 2015, and so maybe the non-whiner guy had been lacking some conviction about BTC prior to August 2015, but by August 2015, that guy decides to develop a more activist and ongoing strategy in regards to his BTC accumulation that has a chance of accelerating his getting to fuck you status and not just relying upon a "hail Mary" approach that only relies upon the 20 BTC sufficiently appreciating in value, and the non whiny BTC activist guy considers that it is really not any kind of skin off of his back to continue to invest into BTC with an additional $100 per week to add to his end of 2015 stash of 20 BTC... and just to see where the whole BTC investment goes with such an ongoing relatively small adding to his stash.

The non-whiner ongoing BTC activist investor guy is going to be way the fuck ahead of the reserved curmudgeon guy, even though he would have had to put quite a bit more fiat into BTC over the subsequent 6 years, until present.

So the BTC activist investor guy is not waiting for any kind of "hail Mary" "what ifs" but instead is taking the bull by the horns in terms of his ongoing conviction about BTC in terms of regularly attempting to building his BTC stashed amount.. so he does not have to whine about hoping to get rich faster because even though he had always had some reservations about bitcoin, he had some appreciation  that the BTC price would have good chances of continuing to go up, so considered that regularly and ongoing investment in BTC would likely be a good thing, even if it was a mediocre amount.  

So with $100 per week, his total additional investment into BTC would have been $31,400, and he would have accumulated nearly another 22 BTC, so his total BTC stash would have reached 42 BTC for a total investment of $36,400 (about $867 per BTC).

I am not even proclaiming that 42 BTC gets the BTC activist investor guy to entry-level fuck you status because even though the spot price of 42 BTC as I type this post (price at $45,400) would be about $1.9 million, I do not believe that given BTC's ongoing and likely inevitable volatility, it is prudent to value BTC wealth in terms of spot price.  And I personally believe that currently 42 BTC only brings such guy about half way to entry-level fuck you status (only going by his BTC stash and not other wealth that he may well have).

However, based on some of the presumptions of my earlier post/chart it seems pretty likely that in another 4 years, such activist BTC investor guy will be unambiguously in entry-level fuck you status based on his currently accumulated BTC stash, and sure it would be discretionary whether he would want to continue to regularly put money into BTC until he clearly has reached such status or merely to let his BTC investment ride - and surely it is possible that the approximate 52x price appreciation of his BTC investment ($45,400/$867) his caused a considerable amount of skewing of his overall investment portfolio to have become quite lopsided on the BTC side of the ledger.. which is also discretionary regarding if he would like to just let that skewedness ride (let the winner ride) or to reallocate before reaching entry-level fuck you status.  

Of course, there are some other possible ways to manage the value of a BTC investment, and surely, even though I am personally hostile towards any need to diversify within crypto into non-btc coins, I am not necessarily hostile towards diversifying in other investments, even if historically we have seen all other assets perform less well than bitcoin over the longer time frames.  I personally feel that I have been somewhat spoiled in my own already existing diversification that existed prior to getting into bitcoin - so even though my BTC value has disproportionately appreciated compared to my various traditional investments, I have not found any kind of compelling motivation to diversify out of BTC kin order to attempt to gain more security in terms of some of my traditional assets serving some kind of role to off set some of the ongoing and inevitable BTC volatility.

None of these are easy choices, and surely they are somewhat personalized, so surely diversifying out of some BTC along the way, might cause some greater comfort in terms of some ongoing volatility concerns, but also may well cause it to take longer to get to entry-level fuck you status (and of course, all assets/investments besides just BTC should be considered anyhow when trying to figure out whether or not entry-level fuck you status has been reached)..

Explanation

Holding bitcoin by making investment at an early phase is best you can do and then simply wait for some time nothing else.The Winklevoss twins got $65 million compensation from Mark Zuckerberg and invested in bitcoin and now see they both are at $3 billion each launching Gemini and being visionary.They said "bitcoin is not going to be dead and will stay here for long" and now see those who advised them are trying to get bitcoin while they have already made networth out of it.So by the end of 2021 if we see $100k or even $80k around then in 2025 the expected prices will be 2-3x more taking them above $200k and golden crossover for many times.Market cap is increasing at Faster pace with institutional and retail investment and could cross $1.5 trillion within a year with more adoption so holding even 1BTC would be enough also.But it will be best if you try to accumulate more of them.