Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5679. (Read 26609043 times)

Yes... yes... yes.. I get the symbolic element in regards to this disclosure.. but to elaborate on the theme, a wee bit.... I am going to assume that you have other buy orders, as well (both lower and higher).. but hey.. no need to jeopardize opsec, rrrrrrrrriiiiiiigggggghhhhhttt?

By the way, currently, I have BTC buy orders down to about $10k, they start in the $54ks and they are about $1k apart... and yeah, I do not really expect any orders below $25k or so to have any kind of long-shot chance of filling... but I do get some comfort in enjoying a kind of luxury to be able to  maintain buy orders down to $10k-ish.

Another thingie-ma-jiggie on my end is that I both made a purchase with bitcoin (recently) and I also accidentally left a BTC sell order "on the books," that ended up filling.. and in the whole scheme of things, in recent times, I did end up closing some of my outstanding  sub $10k orders and those largely ended up being the BTC buy orders that I set in the $53k and $54k range - otherwise maybe my BTC buy orders would not have started until in the $52ks.. but whatever.. gaps between my sales and my buys are getting bigger in terms of dollar amounts and maybe even gravitating a bit more beyond my preferred percentage amounts, too.. Not necessarily a bad thing, even though I do get a bit anxious and sometimes wish to experience a bit more action when NO orders are filling for seemingly significant periods of time... so there remain dilemma feelings about wanting to have passivity and inaction, while at the same time getting a bit bored and wanting to be doing something.

That's more like it, lol  

It was f-g brilliant, albeit we bottomed at more than 20% down from there ($170 vs $325), but who is counting?  .
Incidentally, that was about when Taihuttu sold his house and everything else for btc and became a traveling btc nomad.
I wish that I was a bit more of an aggressive buyer back then or in 2015 during our "flat btc" era, but you can't buy 'them all.

They can (and have) gone to BCH or BSV. You still sound a like a big blocker even if you say you're not. Segwit has lowered the fees that otherwise non-segwit transactions would pay.

My most recent transaction today cost me $5. (or 0.0001 BTC). It confirmed or got included in a block in about 20 minutes after it was broadcast.

Here's my post warning people about "Don't invest more than you can afford to lose" when the price was $325.

https://bitcointalksearch.org/topic/dont-invest-more-than-you-can-afford-to-lose-843822

A very bullish Bloomberg report (analysis is here, the actual report is linked within):
https://bitcoinmagazine.com/markets/in-bullish-report-bloomberg-predicts-400000-bitcoin-price-in-2021

No doubt that each of us has to find our own balance in this regard, and none of us are likely to come to exactly the same conclusion, even though there might be some closenesses when weighing all of the factors that each of us should be taking into account when both establishing our bitcoin strategy and then trying to follow something that achieves our balances in regards to each of the individual factors.. which again for reminder sake are: cashflow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, and skills, time and abilities to plan, learn along the way and tweak in accordance with learning which may end up involving reallocating from time to time and even  trading.   

So yeah if you are fairly young, then the timeline aspect can screw you up in terms of establishing an accumulation goal but then having to figure out how much that you would actually need to pull the fuck you lever in order to sustain yourself which could be a quite daunting projection in terms of the number of years or even your earning power if you are ONLY late 20s or early 30s as compared to someone who already entered into their 60s and likely has a much shorter time horizon and might not feel so compelled to conquer the world in terms of ongoing earning power.

I am still kind of assuming that you, shahzadafzal, are contemplating the top or possible tops in terms of your desire to accumulate more BTC, and you have not even come close to reaching your BTC accumulation goal, and that is part of the reason that you are expressing some anxiety in terms of what can be done (on a personal action level from yourself) in regards to BTC price swings that we largely know to be inevitable, but we really have few clues as to exactly when they might come - even if there are all kinds of trading theories including waves and some of that other bullshit that we could try to plug into bitcoin as a less mature asset class but has its own price performance models that help us to figure out how bitcoin's likely price performance fits into the other trading models.

So, yeah, I am largely suggesting NOT to be selling any BTC when you are in early accumulation phase, even if we might end up getting a 80% or some other extreme correction from here.. but once you have a decent hand on your accumulation goal, you might well be able to shave some off along the way (so long as you are ready to suck that conversion to dollars up in the event that the BTC price keeps going up in spite your anticipation that there was going to be a correction.. so in that regards, your sales are at such a level that you do not give any shits if the price goes up or the price goes down.. not easy to get to such an emotionally detached status both financially and psychologically).. but formulas for actually figuring out what you should do or could do can be worked out.. and if you have not yet reached your BTC accumulation goal likely should involve aspects of ongoing DCA, buying on dips and HODL... .. and yeah, you want to incorporate selling into the formula.. I know I know.. and I do not recommend, unless it is very small amounts and  a kind of profit taking kind of formula.. consider the (SSS) - A Sane and Simple bitcoin Savings plan raking solution (even though rpietila.. rest in peace, was far from sane, there are some good ideas contained in that thread).


Well, some people consider various kinds of formulas in which they can start selling some BTC once they reach 2x on their holdings, so then maybe shaving off 10% for every time that it doubles again.. or there can be variations of such formulas including when to start (beginning at 5x or whatever), what increments to sell.. every 10%, 50% or some other rise and how much to shave off.  1%, 5% or whatever.. you can make a lot of different variations of the selling formula and many variations of how much of a drop that you would need before buying back, if at all... you can consider the matter as cash off the table or cash to reinvest into bitcoin and/or even apportion.. half is for rebuying and the other half is off the table.. blah blah blah..



Well, if you work your fucking ass off in various ways, you can use money from what you have earned to buy bitcoin, including figuring out ways to cut your living expenses, such as vapourminer's favorite ramen noodles.. and you can use some or all of the saved money to buy bitcoin.  You can also forestall on making expensive purchases, including depreciating assets, and consider whether it is practical to own such an asset or decide to rent a $2k per month property that you can rent out 2/3 of it for $1,500 and only pay $500 per month in rent rather than getting a place for $1k per month in which you would have to pay all the expenses, which could give you $500 or more in money to invest into bitcoin.  Of course, your age, your skills and your ingenuity could make differences, and sometimes, luck can help too.. but maybe you prepare for being able to get x, y or z lucrative job, but you end up with luck and you get the xyz job that ends up being a better one than you had even contemplated but your preparations had help to put you in such a position.



If you are going to post anyhow, it might be just bonus money, but sure, I agree that the signature campaigns are seeming to pay a lot less than what they used to pay.. but changing times do affect options, too.


You have to decide for yourself what is your status in terms of accumulation and if you need to be spending time in more lucrative activities.  On a personal level, I have largely been on the forum for a bit over 7 years, but largely I had already reached a quasi-retirement status when I came to the forum.... and in my case, I had some business that I was involved in (in 2014, 2015 and 2016.. that I was trying to figure out ways to wrap up and get out of .. which also took several years to sort out.... but did not exactly require me to have to earn money from it.. even while I was trying to wrap it up. .. which probably ended up taking way more time than it should have.. but again personal choices regarding how to spend time and how much money is needed to be earned from some of the chosen activities.. or maybe what other benefits are derived from certain hobbies - such as maintaining health through exercise, even though it does not make any money)..  so each of us is in a different position.


Of course, you are going to get hate for your wanting to talk about shitcoins in this here thread... not that it might not be a potentially valid way of gaining more bitcoin (and maybe scamming others out of their bitcoin?), but it is NOT on topic in this here thread.... because, in part, such shitcoin topics have tendencies to devolve into shitcoin pumpenings, bitcoin naysaying and a lot of distracting off-topic devolutions, distractions and nonsense.. and ain't nobody got time for dat!!!! at least not in these here parts.. so take your shitcoin contemplations and brainstormenings to udder parts of the forum.. there are udder parts of the forum for those kinds of contemplations and brainstormenings (that are potentially valid, but off topic in these here parts).

Oh, yeah, you have different tax laws in the states.
For example, when i sell BTC, it is considered to be the "oldest" corn i bought so far. If i buy a whole BTC in 2019, buy another one a year later and sell it some weeks later on an exchange, it's tax free, because the tax officials consider this as a sell of the "old" BTC from 2019. You don't have that advantage, afaik.
This is quite effective against daytraders evading taxation, makes some sense in the end.
But laws can be changed, and the EU started to think about that recently  

EDIT: Did the cat bounce already and we had the bottom now?
(that's what my adjusted lines suggest)

Building the words into a story would probably be the way to go. Rote memorization of arbitrary things is difficult.


Segwit absolutely was being touted as a capacity increase, being as how, theoretically, it allows around 4 times the data. The truth is, however, with segwit, block sizes have plateaued at 1.3MB, a trivial 30% increase and it must be remembered that segwit transactions are bigger than traditional bitcoin transactions too.

I don't think it's pertinent to not mention the issue because, simply, it hasn't gone away, as much as it may make some uncomfortable and want to stick their fingers in their ears and shout "la la la", it's an ongoing problem. I regularly see old principles of Bitcoin touted here, fungibility, low friction, security and so on, but the truth is that the capacity issue restricts that and other potential advantages, just as the 56k modems we are currently flinging around images of would have crippled streaming if we hadn't moved beyond them. I'll also add that I'm not throwing this out there randomly but only mentioning it when it is relevant (in this case, in reference as to why alts have stolen so much of the market share).

Now, although I don't buy into it, the argument that increased block size would damage decentralization could be made but that doesn't mean that you get to ignore those other very real effects of limiting it. Listing pros and cons doesn't involve just throwing away things that don't go your way and pretending that very real things that are happening aren't is not a good way to have a good handle on reality. $20+ fees do not provide a good on-ramp to Bitcoin. Where do you think people are going to go?

No, you.
IDGAF and never did. I've been a member since 2012 and had to look up how merits worked last month because meaningless internet points don't mean anything.

Keep that head in the sand.

Ded...


Just like Gentlemand and Lauda...



RIP to all those now ded ones.

We cannot live forever, unless we be a bots

 


FTFY

you will thank me later.  perhaps?
 


No need to be "impatient" about our mutual lillie fiend my little friend.

We all know the rules of the game and rule # 1

"Don't invest more than you can afford to lose."

If HODLING is the strategy then selling and buy are the tactics.

When your brain is in it's prime (maybe between 10 years old and 35 - just guessing), you could memorize 24 words in an hour or so.. As you get older, or if you might start to suffer deteriorations, you might need a day or even up to a week... so a week at most for memorizing 24 words - absent some cognitive impairment.


I understand with some hoop jumping that lightning network could have been built without Segwit, but isn't Segwit a foundational layer to lightning network being practically developed? - so in other words, there might not be any need to tout the underlying technology of lightning network (Segwit) even though it is a kind of necessary condition that makes lightning network way more practical... and of course, other second layer solutions that are likely to continue to develop in the years to come are also built upon Segwit - again without having to tout Segwit because Segwit is just a done deal.. so over that.. from August 2017 (even though some folks whined for months and months and months about Segwit, but their whining is kind of (absent little digs from some continuing bitter ones who cannot really seem to get over it.. no names.. Richy_T.. cough cough..) drying up after 3.5 years when they are kind of figuring out that the whining is not really doing much, if any, good..(absent little digs from some continuing bitter ones who cannot really seem to get over it.. no names.. Richy_T.. cough cough..) because Segwit is just so much a part of our current little fiend, aka bitcoin and the transition to Segwit is so over, done and kuput. and no need to really talk about it(absent little digs from some continuing bitter ones who cannot really seem to get over it.. no names.. Richy_T.. cough cough..).


 

Oh fuck of will you.
All your merits have been revoked.

see if an image is on the internet

Business as usual

everyone buys and sells when they must...that's all.

My 4 Hrs chart is showing accumulation around 56,300 and breakout is likely to happen that should take it to new ATH.

Au contraire, I just fired off a transaction to load some coin onto the exchange. Not sure when I'm going to pull the trigger, but going to take another low 7 digits in profit to calm me down. Shouldn't need to sell any more until the ranch gets nearer to completion; at least a year away.

Heard back from our accountant, and quarterly reporting is pushed out for another month, so I have more time for a price recovery. Would like to go at least a full quarter before I consider selling again, and even then, that'll likely be a big *IF* depending on circumstances.

Everybody knows that a bitcoin is too expensive and that ICOs, NFTs and Defi are the only way to invest in crypto.

Sell now all your 0.000001BTC. Then rebuy at 59K. Rinse and repeat!