Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 618. (Read 26732207 times)

Explanation
Chartbuddy thanks talkimg.com

hmm buddy doing some magic maybe he reaches my buy ladder.

there was a lot of triple tax exempt bonds for a while. but the rich have gotten over for thousands of years. every once in a while they get slaughtered. think of marie “let them eat cake” 🎂 antonette.

spelled her name wrong?

but most of the time the rich just stack bigger piles.

Explanation
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Just heard about the game Doom for the first time now
But I sure as hell know what nightmare modes are  .

Weak hands?



A post just made me visit GameKyuubi thread I AM HODLING and seeing this lines
Reminded me that holders are holders not just because they holding for a long time but because they still hold even in a Dip.
I'm taking his words to bed.

 

I hate to get ahead of myself, or even to come off too much as a broken record.. 

Yet, we should be able to see that even if the historical cycles have been around 75% annualized in terms of my own personal experiences, I will still like to just project forward at around at least 20% annualized going from the 200-WMA.. even though surely the rate seems likely to be more than that and even get us up in the ballpark of 50% or more. and perhaps even 75% annualized if we are looking at each of the next two years..

Surely, I think that the 10% withdrawal rate that I have pondered into being within reason and sustainable, gives a bit of cushion between 10% and 20%, so if the annualized rate of increase of the 200-WMA were to actually go below the anticipated lower case scenario of at least 20% per year, then adjustments could be made to not withdraw so much.... not that I have been even employing the withdrawal rate on a personal level, but still experiencing the ongoing BTC appreciation and increased authorizations to withdraw, yet without personally doing it.

Even with our price correction that is currently lingering right around $59k-ish, we are still currently right around 50% higher than the 200-WMA (of $38,500-ish). https://bitcoindata.science/withdrawal-strategy

Buy back on corn dump?
Be careful what you wish for
Buy mercedes corn




#haiku

We just got a big fat red candle. 5%.

Any idea on who is selling?

hahaha

ever play Doom in "nightmare" mode?

Yeah we know that the journey would be filled with some Road blocks
But is not too hard to ask for a fairytale like journey right?

So again losing 60k

What a price range

Explanation
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I think the market is just normalizing itself after being run-up with Saylor’s recent buy. The momentum is still up in my opinion but whenever we see sudden big jumps it isn’t unreasonable to expect a correction. None of this day to day stuff matters though. In a matter of months, being as low as $70K will seem impossible.

Is Dubai a citadel-type city it seems to be?
Yet, it is freakishly hot, I surmise, in the A/c absence aka outside.
Basically, there is no outside during summer.
Having spent quite a bit of time in a very "hot" city, I can see the downside of this.
Re taxes-don't for a second think that centimillionaires (>$100mil) would not find some legal go-around..they did when the top marginal income tax in US was 91-92% (1944-1963).

Explanation
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Emotions...bitcoin is up 32% for the year to 16% for S&P 500, yet S&P 500 investors are very happy while bitcoin investors are a bit annoyed.
I wonder what our yearly cycle average would become in this and the next cycle?

Explanation
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I am not suggesting that you might not be right to be selling more than you are buying or anything like that, yet I doubt that it is healthy to suggest that whatever coins you might have sold on the rip in order to lease your car or to pay for various car expenses were offset buy your ability to buy back some of them at lower prices, especially whe we are looking at BTC price moves in the last days and weeks that are perhaps 8% at most and yeah, sure they might go to higher spreads, presuming that you sold at the top and bought at the bottom, which we know that laddering does not tend to accomplish those levels of benefits, and one of the benefits of laddering is that there can be a bit of an assured "profits" but at the same time, the "profits" tend to be quite small.

Let me say, that I know people who ladder way more than you, but still the skimming off amounts are not enough to justify paying for a car.... though maybe enough to buy a nice steak dinner and a "wild night on the town," if you know what I am talking about?

and even then profits in dollars are on the way up more than on the way down, but there still could be tendencies to fold the profits back in rather than consuming them, so even if we look at the drop from $70k-ish to $49.5k-ish, laddering along the way could have resulted in thousands of dollars in profits once the BTC price gets back up to the starting point - again depending on if profits were taken in dollars or in bitcoin, yet we had only gotten back up around 70% so far but then a dip back down to 50%-ish levels (referring to the price move not the overall BTC price).

Part of my point is that it can surely take a quite a while for the profits to add up, and yeah if you are inclined to cash out most of all the dollars (or even a bit more than your profits and dip into principle), then you can surely justify eating away at your bitcoin principle in favor of dollars and use BTC price moves to bolster those kinds of withdrawals, including making them feel like hardly anything, even though your BTC principle is still being conscientiously and purposefully reduced.

I stand by my earlier points, and I am not even oppose to what you are doing, even if it might not be broadly applicable, so maybe I would be opposed to suggestions that your techniques would be broadly applicable to most people who are likely more in their BTC accumulation stages or maybe even maintenance stages rather than being in what you are even stating to be a kind of liquidation leaning era of your BTC journey.