Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5335. (Read 26732128 times)

Just to put in my superficial 2 satoshis assessment for some members to attempt to identify and appreciate what might be better practices.

If guys are generating income in bitcoin (or even shitcoins that they are cashing into fiat) on a regular basis, it makes quite a bit of sense to set up a regular DCA, whether that be daily, weekly or some other period of time that is reasonable for such a person that is attempting to ongoingly aggressively stack satoshis.  Hopefully, there is no real immediate need to have those dollars to be liquid in the coming years, even if we might consider 4 years as our current considerations for new money that is put into bitcoin.  Of course, there is still some questioning regarding whether our BTC top is yet in for this particular, and sure our current top is $64,895, and of course there is a lot of theorizing (perhaps even the majority of the louder voices that are making such claims that the "top is already in." 

Many of us longer bitcoiners are taking such claims of the "top already being in" with a considerably large grain of salt, even though we are being accused of talking our books too.. so even though none of us really appreciate being accused of talking our books, there still does seem to be a considerable amount of evidence that the fat lady has not yet sung for this particular cycle... but time will tell, won't it.. and we should have some pretty good ideas by the end of this calendar year (and sure we should likely know sooner, but who knows around here), and sure we might not even get confirmation until the next calendar year (referring to 2022), and so I am not going to be surprise about any of those kinds of delayed (pumpening) scenarios playing out and attempts to suggest (or assert) that all previous (and seemingly currently valid) BTC price prediction models are all wrong, but likely when we zoom out and we attempt to see the same picture, we will likely find that the BTC price performance pattern is not really very far off of the currently valid BTC price prediction models, even though we have difficult times being able to figure out where the fuck we are at while we are in the midst of the progress of exponential s-curve adoption or whatever other blah blah blah that happens to be our reality that we are being told is "not happening" - even though it is.  hahhahahaha... sucks to be a no coiner or one of those smarter than everyone else fucktards that are going to end up buying their coins in the supra $200k arena because they thought that $35k was too expensive. 

Just want to also say that regarding the guys who are also pretty big whales, but probably sold too many coins at various points in the $16ks or whatever, sure there might be some regret so you engage in a dollar cost averaging to buy back coins, but part of the fact of the matter still exists that sometimes we may end up selling way too many coins way too soon, and I am not completely sure if DCAing is the resolution of that rather than just living with the consequences of those kinds of earlier sales.  Each of us should be trying to figure these matters out for ourselves, and I do understand that sometimes even mistakes that I have made along the way such as not securing some of my coins well enough end up in real BIG losses, but in the end, some of the other aspects of BTC prices going up 5x or 6x and then correcting to ONLY 3.5x correction zone can make even large mistakes (such as losing 30% or more of your BTC stash) showing your overall BTC collection as still profitable, because instead of being 3.5x in profits with BTC prices in the $34ks to $35ks, you are ONLY 2x in profits (or something like that).  I guess my point is that sometimes mistakes are made and guys might be profitable as fuck, but might be trying to hold themselves out as a kind of genius, but bitcoin's level of profitability does cause a lot of us appear to be kind of like geniuses even though we made a lot of mistakes along the way that should not really be considered best practices, but might be a decently adequate mitigating of losses approach given whatever mistakes that we had made earlier. 

Hopefully, many of us are here to try to learn from our mistakes and the mistakes of others in order to lessen the likelihood that we are making mistakes, even though we may well not be able to eliminate all of our ongoing mistakes - even here there may be some guys who are way more allocated in cash than they should be because they are placing a higher than rational probability that BTC is going to go below $20k or something like that, and even though they would become quite well off if BTC prices do actually go below $20k, they are likely putting too much value on that bet which causes their play to be more like gambling on down rather than adequately pee paring their lil selfies for UP... which has tended to be a common mistake in times like these...

I spoke to an admittedly no-coiner in-law of mine in the past couple of days and we came to a bit of a logger head when he actually admitted that he was a no-coiner, but he bragged about getting into BTC and various shitcoins at around $20k (and thinking that he may have been more heavily into shitcoins, but kind of avoiding getting into too many specifics with him because he did say he gained on some lost  on some but overall he had gained) and then he got out in the $50ks or something and he is feeling so smart because he is purporting to NOT be in anything - even though I told him that I don't play like that and I am in bitcoin and have a long term approach.. but sure he will be feeling smug if the BTC prices go down to sub $25k or whatever might happen to be his reentrance price point, or maybe a passage of time in the $35ks of 6 months or more, he might be willing to get back in at $30k.. because he is so smart, you know. .. so then when I am just sitting back and just HODLing my BTC and they might be going down in value if the price drops, he is not worried about the price dropping, but he has no current level of preparation for UP, and he does not feel any strong urge to prepare for UP either because he has got a vision that may well end up playing out and cause him to be able to get more bang for his buck and in the meantime have more assurance that when he does actually get back in  that his bet on UP at that point is going to be solid... so I cannot proclaim that I know, except to say that a lot of smarter than everyone else have missed out on profitable bitcoin days (which might not be too many per year) when they wait out matters.. and from $10k to $20k was no laughing matter to say that you got in at $20k rather than already having had been in at $10k.. so the future can play out in ways that we are not really able to tell at this point, but we have seen bitcoin go on an upward tear, and before you know it sub $50k is not possible anymore even though we have already been floating in the mid $35ks for more than 6 weeks already (which can end up being a blip of time in the whole scheme of things).

Explanation

 There's always Belgian chocolate for that

@WClementeIII
Tick Tock. $BTC

https://twitter.com/wclementeiii/status/1412440156662120450?s=21


@Blockwork
China bans Facebook → Creates Weibo
China bans Youtube → Creates Youku
China bans Google → Creates Baidu
China bans Whatsapp → Creates WeChat
China bans Bitcoin → Creates e-yuan
https://twitter.com/blockworks_/status/1412399705368190981?s=21


@mikealfred
Institutional investors are quietly buying now. They will wait to announce their investments until #Bitcoin  is back at all time highs in the fall. Don't be the person buying their announcements. Buy now and front-run the smartest money on the planet.
https://twitter.com/mikealfred/status/1412440151263830017?s=21


@Bloqport
JUST IN: Allied Payment announces partnership with NYDIG, enabling community banks & credit unions to offer consumers the ability to buy, sell & hold #Bitcoin .

Allied is the first in the industry to embed this service in a bill pay platform.
https://twitter.com/bloqport/status/1412414905647611910?s=21


@danheld
2013: "Bitcoin crashes to $50"
2015: "Bitcoin crashes to $200"
2018: "Bitcoin crashes to $3,000"
2021: "Bitcoin crashes to $30,000"

Notice a pattern?
https://twitter.com/danheld/status/1412422912011902983?s=21

Explanation

Yeah I do a weekly dca.
And mine and hold the btc.

Regular investment of fixed amount  keeping the pump and dump aside for a certain period until I run out of so called inflationary and centralised fiat could help me relax more.Going on with this strategy from past few months.Contributing at my level going opposite of the bears so don't give a fuck about them.

---

EDIT: Will a post a detailed thread about this investment strategy of mine.

Explanation

Today I don’t know which is more depressing

Belgium weather ups and downs
Belgium traffic
BTC sideways

Though only one is a longtime certainty for succes

Buddy is continuing to hold up his end of the deal 34k+

and the diff is working magic

it finally is moving at the -5%  number I thought would happen for this next period.

Explanation

You just made him an offer he can't refuse.

Btw, what shoe size does buddy have?
(Asking for a friend of my cousins' friends brother who generously offered to help with buddy's unwillingness to display higher prices. He just asks for a little favor in return.)


(source: https://www.storypick.com/wp-content/uploads/2015/08/cement-shoes.jpg)

I mean seriously, everybody who has been around for some time here should know better, the BTC-price discovery doesn't work that way by threatening a buddy bot.
The only way to efficiently increase the price is by loudly and desperately yelling at red candles on your screen (@vapourminer: the little girl scream definitely is an option here too).
Just make sure the yelling is really directed toward the red candle, otherwise a green candle could feel it is yelled at and the whole thing could backfire.

This is a non event. Each month the shares bought 6 months ago can be sold on the secondary market, which has nothing to do with the spot exchanges. So now the bitcoins bought on Jan above 30K with a positive premium can be sold at lower prices with a negative premium - definitely not attractive. The negative premium could attract new buyers who don't have an access to the spot market, which is bullish in general. But there is no big rush because after 6 months if the premium is still negative, there might not be a (big) profit, selling on the secondary market. So everyone is looking for another means of purchasing bitcoins, like the two Canadian ETF's.

Stage D and points of interest and control. I guess Bitcoin is just going to sit here and take it while second alt season heats back up. $33k to $37k ranging AOI with a $27.5k to $44.1k BOP


https://cointelegraph.com/news/bitcoin-targets-36k-key-wyckoff-level-with-altcoins-set-to-grind-up-heavier


BTC/USD Wyckoff scenario as of July 6. Source: Rekt Capital/Twitter


BTC/USD 1-day annotated candle chart. Source: Filbfilb/Twitter

Yeah, I don't know... Has left me with a bittersweet feeling. I'm kind of expecting a dip to be honest.

SOMA feeling.

Had the same massage bro,

Wtf bearish but “maybe bullish”?
Wtf

Sending to all client there getting scared