Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5399. (Read 26619982 times)

If someone proposes a cryptocurrency that runs only on dirty energy and baby's blood I'll buy some.

I want my money to actually have an impact on the world, not just be some silent do nothing transactions that don't affect anyone.

If my cryptocurrency isn't burning full planets at a time I have no use for it. Leave the low carbon coins like Bitcoin to the plebes.

Wifey dropped a huge renovation project on my head (not unexpectedly)...she says..."you can afford it".

The bounce to the rescue..sold a bit of some alt on a 100% bounce, lol, and the work is covered with excess.
No way I would be selling btc, that's what alts are for (aka selling).
The best part does not bring the subject of selling btc anymore after it recovered above the 2017 high, which is just fine with me.

A small story: many genes have minor alleles (gene variants) with a rather high prevalence of 1-10%. This is humanity's (or any species) "insurance" card in case something truly horrible like HIV comes. Case in point: 1% of the population is fully immune to HIV because a particular gene, CCR5, is mutated/inactivated (both copies) and 10% are not fully immune, but protected to a degree (one copy of CCR5 is intact, one mutated). Therefore, even if we had NO medicines against HIV, we (human race) would have survived it, like chimps did their virus (SIV).

IMHo, alts are those 1% 'weird' alleles, not really needed, but a hedge in case something would happens to bitcoin. Therefore, it is my philosophy to invest small sums using fiat and then sell the rips, fully or partially.

TLDR; Bitcoin is for holding and measuring your wealth in (like @Capslock had eloquently explained). Therefore, fiat and, possibly, alts are for spending. Why I even included alts..because they oscillate and sometimes go up 100X in a few mo, so if you are nimble enough, you can play and get 'play money' as a result.

I buyed the dip, I maked some money with alts.
Buyed back all the way down for the only one king daddy BTC


Edit; I hope it isn’t a bear Trapp 

Elon has finished his current buying session then.
A little tweet and the following pump puts him immediately in profit.

Actually he may simply be looking to sell his battery wall with a few panels to run your mining gear cleanly.

He may have scared away the morons and soft hands.  Lets see if he offers a 'clean' power pack for a home miner.

Or fuck em as honey badger does not care.

Damn, that pump(s). I just hope its not Elon related. Otherwise we are doomed if the market still follows that jerk.

the one o'clock chart report

#dyor

1h



4h

#stronghands

It's exactly true that any of us could have gone down the road of selling too many of our coins at strange times and then end up locking our lil selfies into a position that thereafter causes us to become bitter and even lacking in abilities to suck up certain losses or even to buy back in later at BTC prices that are higher than our sales price.

Surely, I am not suggesting that there is ONLY one way to fuck up your level of bitcoin holdings, but we do tend to see some patterns that include both the kinds of people who never get involved in setting up a bitcoin account or a wallet and the kinds of people who once got involved but end up betting too high on down at the wrong time and then become bitter or disgruntled.

I can empathize a bit more with the person who never set up accounts because I meet a whole hell of a lot of them, and I do understand that sometimes it can be a whole hell of a lot of work to just get started.. even if it is a mere $100 per month (or even lower)...but once getting in a groove.. even the most modest of incomes, cashflow and savings can end up really complementing overall investment by having had gotten started..

Perhaps another problem is that there are so many people who fail/refuse to establish and to maintain any kind of investment, so as soon as they start to develop an investment and then it increases in value, they just cannot resist tapping into it.  "I'll just remove a bit for x, y or z," so it seems to be so true that so many peeps have such difficulties just creating a kind of separate account that they keep separate and never tap into.  Part of the solution could be to ONLY put $10 per month in, rather than putting in $100, so there is not enough of a cash reserve on hand to deal with a variety of expenses as they come in.

The problem that I am describing is likely the very first 5 years or so of any investment to get it in place and to keep it growing.  Once the investment has reached a certain higher level of maturity and profitability, then it may well not be as BIG of a deal to be tapping into it from time to time.. especially if no longer in a kind of phase that is emphasizing accumulation.

So, a question that each of us needs to ask remains how much to be tapping into such bitcoin fund once we established it, and question ourselves in regards to are we in an accumulation phase, maintenance phase or a liquidation phase.  Surely, those phases are not completely absolute and a 1% to 5% withdrawal for BIG projects should not make big differences in the whole scheme of things, either but there may be a bit of emphasis of one or another of the phases that should inform the extent to which contributions are continuing to be made into BTC or whether liquidations can (should) be liberally taking place too. 

Let this man dissapear they don’t give this man a chance to speak about bitcoin
He ruines all

Explanation

Every damn time, best reverse indicator ever. You should charge for this shit, bruh.

Observing $39,556.

One of those charts spans a ratio of about 5x and the other one spans like 60x.   It's a bullshit comparison.

Or maybe we're going to 40000...  soon... and maybe we're going to stay there for a while...

There we go


Its all fine

Its beautiful everywhere 

Ok.  So you got about $11,000 from your 0.2BTC.  Presumably most of that was profits, and there may not have been any kind of desperation in regards to that $11k, since you forgot about it for a few years.. yet you did not provide enough details for us here, to understand a lot of your specifics besides your gloating over something approaching a $11k profit... or a windfall.

You know I had a pretty close acquaintance gloat over selling around 0.5 bitcoin around $3,800-ish ($1,900) in 2017, and that bitcoin had been acquired below $700 ($350)  in 2016 (so a profit of around 5x or $1,550).  That person has been expressing quite a few regrets over the years.. not only in terms of how he dealt with that particular transaction, but how that transaction had affected his whole perspective on bitcoin and how he might have been better incorporate bitcoin as an overall better strategy into his whole wealth management system (that he does rely quite a bit on "professional" advice for concluding regarding certain balances that he decides to reach).

At this time, with the BTC price hovering around $38k, you might feel like a genius because you currently are UP in your sale, yet you could buy back at this lower price.  

Alternatively, you could wait for a further dip and buy back (that is if a further dip happens), or you could buy back part of the BTC that you had sold at current prices or some variation of current prices or you could just remain a nocoiner from here on out and gloat during this window period in which you are appearing to be in profits relative to fiat.

You are the best person to judge your own circumstances, and guys in this thread are going to really vary too in terms of how they would approach such a matter about which you are currently gloating if they were faced with the same facts, and I would suspect a minority of the regulars would feel comfortable keeping that value completely in dollars given recent BTC price actions, but there are likely a few of us who would be o.k. with that.. not this cat.. but hey.. just saying.. ..

Actually, some active guys in this thread can be seen professing that BTC prices are going lower than the current $30k bottom.. and perhaps at some point they will be changing their tunes, too.. because some guys like to talk their book too, even though they act like they are not talking their book.

Also, sometimes it can be difficult to know if some guys are putting their money where there mouth is or if they are just making proclamations in a public thread in order to entice others into actions that they are not taking themselves.. not sure how effective that would be, but some guys surely seem to engage in that kind of behaviors.  

Surely, not even I expect each of us to exactly be describing his position before some aspects of it executes.  Even in my case, I generally have a kind of systematic practice that I tend to follow and I am pretty open about it, but I do not tend to give the exact numbers very often, but sometimes even something approaching exact numbers or percentages might be relevant to certain kinds of discussions.  

Nonetheless, in recent months, I have created some variations in my systematic practices because I am attempting to achieve some kinds of real world targets, and I am disinclined to share too many of the particulars until I am mostly finished with the executions to achieve the goals that I am attempting to achieve.  If whatever I did is seeming kind of relevant, I will probably share aspects of what I did once I get closer to achieving my goals, and I am not even so naive as to presume that I might not have to adjust aspects of my tactic along the way too, especially in the event that my targets are not met in within my real world timeline expectations.  I have had to do this a few times in the past, and there can both be uncomfortable periods, but also some unwillingness (at least from yours truly) to share details until the whole situation has kind of sorted itself out and reached a kind of resolution, at least from my perspective.

Explanation

BTW, alts did not get the memo and up too much today.
Barring that bitcoin will fly up like a rocket shortly (some, like "popular" bitboy, are expecting just that), crazy alt price action indicates to me that more smashing alts down is needed, but PTB can do this only when btc is declining (historically speaking).

I expect alt 'rocket" to stop, then reverse abruptly with bitcoin basing. Otherwise, this would be the craziest sharpest, but shortest bear we ever seen.
2013 midterm bear lasted for months after the first smashdown, but we just don't have time for this (4 month long basing) IF we are in a regular 4-year cycle.
However, if the cycle would be somewhat extended until the very end of 2021, early 2022, then such prolonged basing is still possible.