Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 66. (Read 26503201 times)

Hahaha "rusty pipe"

I think, asking $9k is too much for Rick.

A ranch, two lovers
A different lambo moment
Broom or rusty pipe?










#haiku

Oh.. you were betting on longs more than 1:1 because you wanted to get richie faster.. instead of eddie, you wanted to be richie?  So with the longs you were not satisfied with 1:1 like most of us normal bitcoiners who just buy bitcoin on a regular basis?

At the risk of revealing how dumb I am when it comes to shorts, don't you still have to pay for how long your short is open?  

So let's say that you were like Paashaas or some other forum member and when the BTC price was around $27k in October 2023, you decided to short because you thought that the BTC prices were going to go down to sub $20k.. .. so you were planning on closing your short at around $20k.  You put 0.5 BTC on your bet which would be equivalent of $13.5k.  What happens?  The BTC price ended up going up rather than down, yet Paashaas continues to hope that the BTC price returns down so that he can get back his 0.5 BTC,   Are you saying that it does not cost him anything, so if he closes it, then he will still get the value of $13.5k.. .. so if he closes it at $88k, then he would still get back 0.1534 BTC?  plus some kind of fee?  what is the fee?  Do you recommend that I should learn about employing this tactic?


I would imagine that it is easy to get nervous, but if it is offsetting your longs then you might just be emotionally neutral about it?  but yeah, I suppose that it is best if you have some kind of a target price to close it?


Sure his numbers are small, but I am not shaving off with an expectation of buying back lower, even though I do frequently end up buying back some at lower prices.  These days I am shaving off only about 5% for every time the BTC price doubles, although originally I authorized myself to shave a bit more than 10% for every time the BTC price doubles.

He can add up his numbers, yet I think that he is shaving off much more than me, and also his mindset is different in regards to wanting to buy back cheaper.

Another thing that I suggest is that no one sell any BTC until they have reached their accumulation goal, and even more preferably that they have over-accumulated.  I know that this is a bit of a vague goal, so any  of us who have overaccumulated bitcoin are more free to shave off from the overaccumulated amount, so just by definition there is not a goal to accumulate more BTC, yet since the BTC price is so volatile and inevitably volatile, it is quite likely that frequently the BTC price will drop back down to be able to buy with the sales proceeds, but the goal of selling is not to buy back but the dropping of the BTC price causes such situation where buying back seems prudent as a kind of portfolio insurance... to make lemonade of out of lemons, or at least to make a bad situation slightly less bad.

Even though everyone is free to do what they want, I still feel that I am justified in picking on Phil on a fairly frequent basis, even though I don't dislike him.. Of course, he disagrees on some of it from time to time he will even come out swinging.



I cannot argue with you about those kinds of things.  I throw down some extra sats here and there from time to time in one direction or another... so it is not like I am completely puritanical on the topic.


Of course, in game theory, none of the parties are always going to have all of the information, so they frequently have to position themselves in ways that account for a variety of scenarios, and even though I don't completely buy into the explanation that the BTC price is experiencing a Trump Pump, I would not claim that the orange man win is not having some affect on BTC price UPpity pressures and also may well contributing towards retail, institutions and even governments to consider buying more BTC than they otherwise were planning to buy...so the pump has its own kind of snowballing effects that contribute to others considering that others are buying and getting ahead.. especially since the game theory play of bitcoin incentivizes getting in first and before others.


All valid considerations.   You won't get any arguments from me on those points.  When I started setting up my buy orders and sell orders in the  mid-$200s, if I had sell orders filling and then buy orders filling, then sometimes I would calculate the profits out to less than $1.. maybe even something like 26¢, and so in those early days, it took a lot of filling of back and forth orders to add up to anything meaningful... yet as the BTC price went up my authorizations went up, my spreads got larger and so each order added up to be more and more, and these days they sometimes are $100 or more, but if there are several of them that execute and they go back and forth and then after all is said and done, the profits could add up to quite a bit, yet a lot of times, I just let the profits (if any) just fold back into my stash either on the bitcoin side or the dollar side that is available for buying... or just sometimes cashing out some of it to buy some extra treat...but yeah, for me the value goes way up from the BTC price going up rather than down, and even some expectations of the BTC price going up could end up being delayed.. like shouldn't we have had been here in the $80ks in 2021 or 2022?.... apparently not.. we were delayed by a few years.. 3-ish years..

but yeah in the end, from my own perspective, I consider that such delay is not really a big deal as long as balances had been mostly maintained so that none of us (including yours truly) don't run out of dollars to buy on the way down (which brought us down to $15,479-ish in November 2022, and we don't run out of BTC to sell on the way up.  I have never ever even come close to that kind of a problem to run out of BTC on the way up, even though maybe in the 2017 run I might have sold the most percentage wise of any of the runs.. and I still ended up having some relatively small regrets in regards to the way that I handled some of my portfolio management during that time... and so the devil remains in the details in regards to how much BTC each of us might sell or keep on each end of that equation to try to manage our cash and bitcoin balances.

We are still awake. BTC 100k dream but will see very soon.
 Even if we go to sleep, btc increasing will never sleep

Hy Wlcome, OW board.

Explanation
Chartbuddy thanks talkimg.com

It has been a long gap for me on the forum and I am back again after almost 300 days because a lot was going on but with the bitcoin bouncing back again it’s time for me to again be part of the bitcoin community with my first post again in WO board

Chart buddy the green charts are heading to $90k and those who were saying $100k is a dream hope you all are still sleeping. Bitcoin is soaring  

It is very good to see this seven story. 3 out of 7 seems best to me.

or buy a few boston dynamics spot the robot dogs and mount brooms on it. you know those semi auto 12 gauge street sweeper brooms, the ones that make those fun noises.

oh you mean sweep dirt

nevermind

Jokes are perhaps less funny when explained, and sure, I suppose it could be possible that Richy_T was attempting to make some kind of a substantive point about silver and gold and Litecoin and Bitcoin, yet he seemed to have had been somewhat attempting to make a sort of joke to play off of Litecoin's slogan from it's earliest years in which it was claiming to be the silver to bitcoin's gold... so instead Richy_T just reversed the words to show that it still kind of makes sense (as a slogan - not necessarily a serious one, I hope).

Substantively, I would suggest that both gold and silver are inferior to bitcoin by 1,000x or more (at least 1,000x for gold) in terms of monetary attributes, and sure there might be exceptional cases in which gold and silver might be used as money, and surely they have industrial usages, so they are not going to completely lose their value, yet still a large amount (if not all) of their monetary value is going to flow into bitcoin as the soundest of monies, even though it could take 50-200 years for the relative monetary values to work themselves out... so in the meantime continue to enjoy monetary value to flow into bitcoin, since it is the soundest of them in terms of verifiability, transportability, scarcity, various cost efficiencies and other lesser monetary characteristics.


I am not going to claim to be an expert in regards to which model is superior and/or why, yet even Giovanni claims that PlanB's model is a Powerlaw model with a few extra bells and whistles to attempt to account for 4 year cycles, so Giovanni is proclaiming that PlanB just has a lot of irrelevancies. 

I don't see anything wrong with trajectoring forwards and continuing to attempt to account for the 4-year cycles, and if we remove some of the personality matters or the seemingly guarantees of UPpity, I don't see why not to continue to attempt to account for the 4 year cycles and adjust the curve up or down as we go.. and sometimes the BTC price is going to overshoot expectations of the range and sometimes it is going to undershoot expectations of the range..   

Maybe sometime in the future we will not be so bound by bitcoin's supply schedule, yet it still seems to be a real dynamic, and I even thought that you LFC were a bigger proponent of the 4 year cycles than a lot of other folks especially since you have been continuously emphasizing BTC price tops within expected 4 year time cycles.. seemingly more than some other folks... so I don't see why you are so down on PlanB since he is not even that different from Giovanni and PlanB includes the part of bitcoin in his model that you seem to also gravitate towards so much.

None of us are going to get the exact 4-year top correct, whether plan B  or anyone else, but even the last cycles have been continuing to follow a pretty damned close to exact 4-year cycle, in spite of so many folks on either side continuously proclaiming that this time is going to be different because we need to account for x, y, z, and blah blah blah.. but even with ongoing increases in various kinds of adoption and crazy-ass kinds of attacks, it all still seems to balance out and still fall into 4-year cycles, which seems to be just as good to be using Plan B or even who cares  use the powerlaw model and they are not that much different from one another..


I hate to be a party poop, or maybe I do?

Unless you switched to buying, leasing is not the same as buying. 

Also, you frequently talk about your various expenses and even whatever you were doing with your trading during the 2022 corrections, I have difficulties appreciating how you are supposedly getting 20-30x profits on whatever bitcoin you are spending to lease that car.. .and sure yeah, leases do have options to buy at the end of the lease, so some of the stuff that you are saying does not really add up.. even though a lot of guys with your tenure in bitcoin could have had 20x to 30x or even greater profits, but surely not as likely when you were going through so many previous fairly big selling events... 20x to 30x would be required to maintain something like $3k to $4k in average costs per BTC. which I suppose could be possible, but even seems a stretch under normal circumstances that had involved your various trading around stories in the past.

Maybe I should not poo-poo too heavily, since there could be decently justification  to start to live off of your BTC, especiaally for guys with average cost per BTC less than $10k, and there like are a decent number of us who had been able to achieve that, especially if we may well have had accumulated most of our BTC prior to November 2020......so I would speculate that many guys take a bit of time to accumulate BTC and establish a bitcoin position, yet I would think that most guys who had been able to accumulate most of his BTC stash prior to November 2020 (even if he made several mistakes along the way) could have had reasonably achieved average costs per BTC below $10k.   

Even guys who might have had started accumulating BTC in 2020, might not have had been able to keep his costs per BTC below $20k unless he was able to somewhat front load his BTC investment.  Of course, there are some guys who are able to bring down their costs per BTC by trading rather than just ongoing accumulating of BTC and buying on the dip, yet no way am I going to presume anyone to either be a successful trader or to be able to beat any guy who is just engaging in ongoing BTC accumulation.. .... Nothing wrong with trying to buy BTC on the dip, yet I think that a lot of times even the buying on the dip does not tend to outperform the guys who are consistently, persistently and ongoingly buying BTC.  So yeah, I take with a grain of salt any claims of guys proclaiming to have costs per BTC that ended up being lower than the guy who just persistently accumulates BTC through ongoing buying of BTC.

https://www.bbc.com/news/articles/cqj0wkwv1x2o

Elon Musk to run Department of Government Efficiency.

"DOGE"
 

https://news.sky.com/story/donald-trump-confirms-elon-musk-in-his-cabinet-13253406

I would have pasted Trump's official statement but that talkimage is no longer reliable.

You can find it on truth social.

If there is one thing I'm learning already in this first week of Trump being president elect is the lamestream media are already trying to road block him by
spouting a bunch of claptrap.

Whatever you may think of him, he clearly writes everything on his mind and what he is doing on Truth Social (a secretary does it for him, you can find
behind the scenes footage). There is zero time for him to be doing anything else.
The lamestream media with the fake claims he spoke to Putin are a bunch of lying imbeciles.
Without their lies he probably would have gained 75% of the popular vote.

Explanation
Chartbuddy thanks talkimg.com

I doubt it is a matter of cost.  Surely the forum can afford it.  Especially with Bitcoin at all time highs.  That's what they raised donations from folks like me for.  I think it is a more a matter of not wanting the responsibility or to open themselves up to potential security risks, not to mention development time.  It's probably easier to pay talkimg to stay up or even buy it outright and try to build it out to be a more popular image hosting site online.

Coinbase during pumps
Exit scamming for fiat
In dollars and pounds







#haiku

@vapourminer @bitcoinPsycho

That's odd . Coinbase uk gbp markets are "view only" also, no trades possible

Balances are shown

I don't think it is.

That is the thing with gambling.
It is difficult to stop