Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6034. (Read 26712438 times)

Get to the CHOPPA

New ath on stamp, yipe, my 50 check of price today

I was considering selling 1% at 50k, but i changed my mind lol and sold nothing.

So i moved my plan and i am considering to sell 1% at 100k, but i might change my mind again and sell nothing at 100k.

Another Sunday, another ATH. Or two...

Dollar-ATH: $58,000 [Bitstamp]
Euro-ATH: 47,815 € [Kraken]

Onwards & upwards!

HoDL.

it's choppening!

Of course, if you have a specific expense in mind, then it does not hurt to shave a bit of BTC off on the way up, because it could become problematic, if the time comes to spend the money on the house, for example, and you have not adequately prepared for making sure that you have enough money because BTC prices dropped to below they had been when you could have shaved a bit off.

So sure, I am do not have details about what you have in mind, but if you specifically have such expense in 6-12 months, then you could consider shaving off 20% of the expense now.. and then just waiting in regards to what to do for the other 80%..  

In my humble bumble opinion, such 20% shaving would be better than 0% shaving and just waiting it out.. of course, if your house expense might get deferred for a couple of years without anyone getting upset with you because of your gambling addiction, then sure, maybe you could merely wait it out without taking any reasonable/prudent shaving actions..

Another thing is that we do have a decent number of models that suggest that our current cycle is likely to last at least through this calendar year, but sure we also have decent models that reasonably suggest that we could end up with a 2013 style double top rather than a single top, and sure either scenario is possible, including some scenarios that end up causing our current price location to be the top rather than later down the road.. so you are likely in a better place than me, when I was planning expenses in the beginning of 2018 that ended up coming due.. more or less at the end of 2018 at a relatively inconvenient time, as many of us likely realize after the fact and likely even realized during (or immediately before) such late 2018 happenings.


In these here parts, we do not measure the "entire crypto market" because 1) we hardly give any shits about some kind of apparent "entire" blah blah blah.. and 2) we tend to have preferences to not get mislead by bullshit idea-ers (such as the cave-dwellers in the cave allegory) when focusing what king daddy is doing or might do.

Sure you might consider what is going on in areas outside of bitcoin and related to bitcoin blah blah blah.. but it remains a bad practice to present such broader ideas as if they were somehow helpful in understanding dee king.

By the way, new ATH spotted while I was writing the second part of this here post, and $58,000 touched upon within the past few seconds.. while typening... of course, expecting such $58k to be broken soon.^tm

Why so bearish, Phillip?

You trying to be conservative on purpose?

Or you really believe what you are saying?

Sure, even if the top-side of this cycle is $100k, then $500k would be reasonably reachable by the end of the next cycle, absent some amazingly bearish happenings.. .so that should reasonably convert your 9 year estimate into bitcoin's $500k-ish price to a 5 year one, no?

Maybe you do not believe in the 4 year fractal?  you believe BTC is going to deviate from that?  Maybe you do not believe in stock to flow (which also incorporates the 4-year fractal)?  or maybe you do not believe in exponential s-curve adoption based on metcalfe principles and networking effects?  Which one(s) you not believe in?  Any?  All?  you have some other model that you are using?  A kind of diminishing returns with later cycles.. less volatility and so therefore less upside and longer waves?  Most of those other models are nonsense by the way.. even if there is frequently going to be logic in any model (even the wrong ones)  but whatever.



hahahahaha

Options, dude... options.

You believe in people having options, don't you?   

Thank you for this, and for elaborating about covered calls.

I'm interested, but it stills feels too much of a gamble to make me feel comfortable. I need to do more research before I take any action in that field. Biodom, I'd like to thank you too. Very informative.

In the meantime, I opened up an account at BlockFi. Registration went smoothly. I just deposited a small sum of to see how this works out. I will keep you updated.

Anyway. Here is my thinking of that. Most of my trading is on a macro level, meaning my trades can take months to execute. If I can earn interest during those trades, should I take that risk and do my trades on BlockFi or any similar trading platform which provides interest? Food for thoughts.

People already taunting $1M + for this run.

This is fine.

I am having a feeling that we might be stalled... (another way of saying "stuck")...   At the top of the range, if that makes any fucking sense?

Anyone agree?  Biodom?


 


Se llama:  "stalled"

Of course, but could be a good idea if you are buying a ranch and need another mil or so  .
Instead of selling, collect premium on 75-100K Dec. In the worst case-you sold at that 75 or 100 PLUS premium.
Still better than selling at 50ish.


at some point, long time ago I did some rudimentary stat analysis of that on this thread, don't want to try to find it.
basically, we did not significantly increase world millionaire numbers (since there are 46.80 mil or so world-wide).
0.104173/46.8=0.222%, which is stat insignificant.
BTC has to go up approx 20X (to 1.1 mil)  to bring our $ millionaire numbers to above 5% of the world's numbers where it would start to be significant-rough numbers.

More sophisticated calculation below says that for 2.5mil bitcoin $ millionaires to be in existence, btc has to be at $781,250 (and you have to hold 1.28 btc).
https://medium.com/@BambouClub/are-you-in-the-bitcoin-1-a-new-model-of-the

You got a bit excited LFC, seems to me... but, hey whatever.

It could have been that you did not subscribe to the tentative theory that once BTC breaks above $50k, then it is likely to travel fairly easily into the $58k to $62.5k range.. but sure, once in the  $58k to $62.5k range, who is to say, and also even describing a relatively likely scenario (most likely scenario in comparison to other scenarios), that "most-likely scenario" might still ONLY have less than 40% odds and still end up NOT playing out even if it had the highest odds of any possible scenario then in consideration.


Of course, selling low and buying high is NOT going to be a good system to follow if you would like to try to improve your financial status.


Such a philosophy of wanting to buy back lower does not need to be a condition precedent for selling BTC... there are various ways to experience a decent amount of profits and to justify selling certain amounts of BTC along the way UPpity.. and such figuring of how much to sell does not need to be any kind of significant amount that is likely to cause you regret for having had sold.  If you feel that you might have regret for selling, then either you are selling too much or you are selling too early.  You should be able to figure out an amount and a price that does not cause such feelings of possible regret.


There could be some of that going on, but also, it appears that you, ghandi, are considering the matter too much in terms of extremes, and such extremes are not necessary in order to justify selling some BTC on the way UPpity.

I will concede that in my own particular case, I had overinvested in BTC in 2015-ish.. and maybe even a bit after that, too.. so I have no trepidations in regards to having an ongoing plan and practice of selling BTC at various prices on the way up, whether it was my earliest sells around $250 or my later sales that were at higher prices at various points between $1k and $57k.. So in that sense I have no regrets for whatever BTC I actually did sell between $1k and $57k, even if the BTC price may well never go back below a decent number of the prices within that range..

Worry not.. there's ton of positive news too... they will catch up soon

Saifedan A. talks with M. Saylor

Observing quarterly shorts being rekt @ $60k USD/BTC

indeed.

 Dickhead, fuck off with your shitcoin fuckery.

... this is the usual brain-dead, half-baked disinformation spin soundbite we all expect from MSM

... less than 1% of the population control the vast majority of the wealth.

... it's not what percentage are going to buy bitcoin but which percentage

... bitcoin is an extremely rare opportunity for people of modest means to take a slice of the future wealth, unfortunately it seems like very few will

... politcians are generally mediocre idiots

As I understand it, 5 million for approval is only if you want to write options at different (not preset) strike prices. If you are OK with 25k, 50k, 75k etc, there's no need for approval as long as you post the collateral.