Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5955. (Read 26714014 times)

I sold all my bitcoins .. I can't lift the pressure any more ... now you know, why the market was going down! I dumped all ...
















 

No way.... Never ever will I sell unless it's needed. Muhahaha ... Ah we plan to build a small palace (not place ... palace) .. so maybe a little bit for the equity ratio on the loan. And only so much, that we get a good interest and the bank gave us the rest.. But that takes time. So the honey batcher will rise to 100k then

Man you are a pendantic fellow ... would be bullish in short term in relation of the end of the correction. Man ... did you work for the goverment? Are you an accountant? pedantic as fuck ...

-.-

thanks for letting us know your stash.  

what would be the combined stash size of all WO hats?

"We" do not need to stay above $50k to already be in a bullish place with bitcoin.


Maybe staying above $25k remains a bullish signal?  In other words, not much is needed to stay bullish if you zoom ur lil selfie out.. but I will say that even a 45% correction (which would be around $32k) would be quite amazing, shake a lot of weak hands, and cause a lot of doom and gloom prospecting.... I have hardly any clue about if a $32k correction is feasible or reasonable at this particular time, but it may well not even take away from "bullishness" diagnoses for the current state of bitcoin.... dee king of our daddies.


Well, you have been registered on this forum for 7.5 years, so maybe we need to presume that you have fucked up a lot.. but there remains no time like the present to get the fuck started and to do the thing that so many of us have been suggesting as prudent for many years.

We can see that $50 a week for the past 7 years would put you at more than 21 bitcoin (close to 22 BTC).. so that would not be a bad place to be right now in terms of accumulating a BTC stash with a decent amount of prudence along the way.. but even if you ONLY have been able to accumulate half of that, you should NOT be in a bad place.. but if you do not have enough bitcoin.. and you believe that less than 10 is not enough (for example), get the fuck started with DCA'ing with $50 per week or whatever is reasonable and prudent for your circumstances..

Sure, I have no idea about how old you are right now, but if you have a 4-5 year or more timeline (in your example, younger than 65 would work), then get the fuck started with DCA and just continue with it, even if it is just $50 per week, but perhaps you can do more.

And like I said, if you have been in bitcoin for more than 7 years, something like 20 or more BTC should have been able to have been established with a quite a bit of prudence.. so anyone here for that long.. is going to have to start out their posts with "I fucked up a lot.. blah blah blah" and then go from there.. or at least maybe explain that you had only been able to do $50 per month.. which would still be something like 5 BTC or more.. which also would not necessarily be a bad foundational point.. but also a realization that maybe the DCA game needs to be stepped the fuck up, because it is still not too late to complement whatever BTC that you do have in order to stack a few more BTC especially if you are able to muster a 5 year or more investment timeline.. which anyone below 65 should be able to do that if they have dire circumstances of having to have to work until 70-ish to maintain a livable income.

Am I being too harsh?

what is also taken into consideration about the fermi paradox is the size of space and time. if the universe is endless any "neighboring" civilisation could just be too far away for any sort of contact. related to it is the problem of time. the universe is about 14 billion years of age. solar systems are thought to be existing for about 12 billion years. our own solar system is about 4.5 billion years of age. how long do civilizations last? ours is only 20 000 years old, and only in the last 100 years we started to make meaningful technical mini advancements towards space age. imagine a message from another civilization coming in 5 million years (on the cosmic scale just a twinkling of an eye) too early or too late. or 50 million years. or just 5000 years or even just 500 years to early.

i have no doubt that other civilizations exist. but the chances that they are within reach of space AND time are small, imho. Drake came up with an equation that states that other civilizations should be in reach.



then again, the "dark forest" theory is a thing to consider...



https://blog.usejournal.com/the-dark-forest-theory-of-the-universe-a52012529e0f


*Liu Cixin’s novel The Dark Forest

Hahahahaha

I have noticed that trend in myself, too.  It is not like I have been poor for a while.. I started to feel somewhat well off and gravitating towards less and less concerns about sticker price in 2010.. but the trend continues in that direction in greater and greater degrees.  Just the other day, I was missing a kind of gadget from the house that brought utility and convenience to me.  I was not sure where to get that gadget that I had been using, so when I was out on my walk I was stopping at stores along the way and asking about such gadget, and there was a bit of seeming confusion from store owners about where to get such a gadget, so I ended up going to a BIG box place, and they had the gadget, but they only had one version of the gadget which was about 3x the price of the version that i had been using, plus they had some accessories for the gadget that were also overpriced by 2x to 3x because I had figured out that I could get all of those for way cheaper - but that would cause another trip and maybe even one or two days without such gadget - so I just said "fuck it;  I don't care.  I want that gadget and I don't want to wait one day or even one more hour before getting such gadget"... so even though the story is in my head, it is a kind of behavior that I would not have done, probably even last year I would have made the multiple trips and NOT spent as much on such overpriced (but nice) gadget.  



I do believe that the luxury thing is a kind of evolving (or might we assert "devolving"?) consideration because it is likely that the longer that we are "richie" we become more and more desensitized to some things that we might have previously considered snobbish, spoiled or even irresponsible behaviors of just throwing money around.  

I had a kind of "friend" pestering me the other day about some matters that would have irritated me a lot more previously in terms of some "treats" that I could buy her, and I gave almost no resistance to her irritating desire to use me as an ATM, and I said o.k.  Let's go get those "things you absolutely need,"  and almost amazing how "happy" she was for a couple of days.. even though hardly any skin off my back, relatively speaking I did not even really mind very much... and probably 4-5 years ago, I would have not spent money in that way, and I probably would have been a bit bothered by being solicited in that direction.    

Oh, that reminds me, I had another "friend" who wanted to go shopping with me, and she had some particular items in mind that she "really needed."  I just made up some various excuses because I did not want to go shopping, and I also made up a kind of reason that she needed to receive the money (because it was "very important to me too" blah blah blah), and then I gave her like twice the amount of money that she told me that she would need for such item(s), and at the same time, I was "saved" from going shopping... still funny about the whole situation.. and really not any kind of inconvenience for me.. maybe less inconvenient than going shopping with her and then trying to figure out how to keep her within budget when in this case, in current times, the amount felt like pocket change to me, but more than double of what she was expecting...


Might take some more time to develop more of those easier liquidation avenues.. who is to say about how long? 5 years, 10 years, 20 years?  Some of us will be dead or close to dead in 20 years if not sooner (not naming anyone here)..


I can assert from personal experience that it's quite possible to spend carelessly and recklessly, relatively speaking and still be "incapable" of losing your wealth because you already understand budgets and how they work, and for example, if I were to fuck away 10% (or more) of my bitcoin value on all kinds of bullshit and frills, it could be lots of funzies for me and even appear quite irresponsible blah blah blah from the viewpoint of others.. but it does not even come close to the levels of making a dent in the overall appreciation of value or even come close to the irresponsible behaviors of some of the newbie rich who have no fucking clues about how to manage money and to live within their means.

For example someone who buys a lambo for close to $500k, but ONLY has $1million.. and those levels of stupidity do not so easily come to those of us who have earned our wealth over many years whether that be less than 10 years for some of the guys here or more than 30 years for peeps like me... so for example, some peeps like me might not buy a lambo unless s/he has 5x or 10x the value of that rather than a mere 2x or even taking out debt for consumptions goods like that without the having the actual physical wealth (of 5x or 10x the value) that could be used to buy it (if wanted).   

I suppose if I were to buy a plane and a yacht and some other things like that, then those kinds of purchases could be problematic for me, but surely I don't roll like that.. and we have not really talked about how much you would need to have a plane and a yacht.. and surely those would be surplus items with the considerations of a 10 year budget for owning them so similarly needing to have 5x to 10x the value... rather than merely 2x or some more paltry amount with desires to appear richer than you really are.. but even buying a lake would likely be way more prudent than some of the other luxury items that might cost around the same amount but have high as fuck maintenance, upkeep and depreciating value costs.

As of March 4th Canada's BTCC (TSX) ETF is holding BTC11.352 https://www.purposeinvest.com/funds/purpose-bitcoin-etf
Canada's EBIT (TSX) ETF has AUM of $50.680MM or at $46.500 thats BTC1089 https://evolveetfs.com/product/ebit/
they only started to trade like 2 weeks ago

Just those two Canadian ETFs are eating up all of the newly mined BTC900/day supply. Grayscale GBTC offers no redemption so their BTC655.732 are not for sale. Distribution is a beautiful thing, expecting lambo traffic jams soon

There are surely some folks who were bitcoin millionaires in the sub $10k BTC prices.. maybe even they had a couple of million in bitcoin, and then BTC prices went to $58k, and maybe even with the current correction that is approaching $45k-ish, their $1million to $2million had gone up  to nearly $6 million to $12million and then come back down to $4.5 to $9million...

What if some of those BTC HODLer folks shaved off a few hundred thousand or even a $million or more of their BTC stash (to value their wealth in dollars for a period of time), their BTC portfolio may well not even feel depleted in any kind of meaningful or material kind of way in terms of their still being prepared for more UPpity or just ready, willing and able to leave all of their cashed out fiat on the table in the event that they are not able to buy back in (and they end up "suffering" with a wee bit of a smaller BTC stash that is only worth currently at values in the $3.5 to $7 million range rather than $4.5 to $9million)... May not be a BIG deal either way for some of these folks to apparently be "suffering" from delusions about temporary fiat value, whether BTC is all of their wealth or they might have some of their wealth (or take some opportunities to put some of their wealth) in other areas as well.  AmiNOTrite?

Soon-ish

Thanks for your service and sacrifice.

The people of corn, and corn surely appreciate you for it.


I believe many of us have been proclaiming some variation of that - in that the bias of the best portfolios in bitcoin would be biased in terms of accumulating bitcoin and stacking sats, so it is a bit difficult to understand what you mean by "no bias"

In other words, the most regretful and resentful would be those who end up selling too much and too many sats too soon, so they end up running low on sats and BTC to sell on the way up because they sold too many too soon.

In this regard, recall BTC did close to a 6x in value between early September and February 21.. and there were not too many BTC corrections along the way that were 20% or greater or lasted for very much time.. and so it is quite possible that there are quite a few people who sold too much BTC too soon along the way and have been considering ways to buy back but have not been able to, so far.

So, I would still assert that the best of the performing BTC holdings during that time period would be the ones that are biased in favor of holding BTC.  Now of course, sure if they were able to sell in the $50ks, they may have some opportunities to buy now, but how far down can they let the BTC prices go before executing.. none of us really can know the answers to these kinds of questions, can we?  Since February 21, we have had about 3 revisiting of sub $45k (which is around 23%), and sure we may well be entering a 4th time - so how far below $45k might we go and how BIG of a dip do we need to buy back in? 

Might some folks get left behind if they sold too much and have not bought back in..? Of course, they can also buy higher, which would not necessarily be the end of the world, relatively speaking and comparing themselves to many many no coiners who still have not even gotten into BTC.. right?  There are plenty of nocoiners who have no coins, and have not yet set up systems for getting coins.. so no coins and no plans.  Where are they going to be, relatively speaking in terms of people who have some coins and maintain coins even while the BTC price goes up and seems likely to continue to go up in the coming year or so.

To be honest, everyone is surprised by the impotency of the bears in the last 12 months. I doubt that they are capable of causing a sideways movement. Even now we are in an exponential growth and nobody except some delusional skinny bears is selling at these prices. The 2 minor corrections are simply because of the market overheating. Nothing more than that, at least for now.

Exactly, price is no more going beyond $50000 or a price slightly higher which is the resistant level while also $45000 to $46000 is the support. But anything can happen, what will drive the price at this moment are the instructions, retail investors are just taking profit at this level now, but if institutions invest big on bitcoin, the retail investors will fomo to invest and price will increase.

Who knows, but I do recall telling r0ach that he must work for Peter.
BTW, Peter did say hodlers a couple of times in the above video. That word is used when you're a coiner, if you ask me.

[conspiracy mode: off]

Price going sideways yo!

No, actually he meant the usual shitcoiners house:

Muahaha... you may buy 10 houses with what you earn by trading but HODLers will be buying fucking PLANETS soon! You need to develop your big picture thinking son...     

you might be on something there. the Altarian Disney Company does indeed not want to share content without payment. thing is that WE are the content. some weirdo soap opera. let´s hope we are good or funny enough to justify for another season.

History of BTC Performance during the Month of March since 2013.



https://twitter.com/CryptooIndia/status/1367713473497423873

what is this, a dip for a cock?