Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7312. (Read 26720873 times)

You should not be setting your ladder steps at round numbers, and without getting too caught up in the placement of the orders of other people, of course, you do want to attempt to front-run any order placement locations that might have a lot of resistance/support and therefore even having a decent cushion between your set order and the likely resistance and support points .. some of those resistance / support points are going to be more obvious than others, and other resistance / support points might only develop after you had already placed your orders.

By the way, usually, I personally, don't really monitor or second-guess my ladder orders once I place them.  Except the overall caveat above regarding round numbers and anticipated resistance/support points, I largely place my ladder orders in accordance with my own measurements and preferences rather than giving too many shits about what others might be doing or how they might be changing their orders at specific locations after I had already placed my orders... but hey, I am not saying that there might NOT be some learning involved in such monitoring of how orders are placed and being placed by others and maybe from time to time you might be able to increase the likelihood of your order(s) filling before the price reverses (which tends to be a goal of laddering).  Nonetheless, having said all of that, after you have kind of learned some various strategies, I tend to find it a bit of a waste of time to dicker around very much with my orders or even to monitor how close they are being filled by the behaviors of others, once I have placed my orders.. either they fill or they don't fill.. and once they fill, then I can place the order(s) of the opposite direction.



Never put anything past the picnic bear.   

 

Good lord,
that must be some mighty fine ganja you are smoking there dude...

 


lol

Canada is promoting glory holes, so there are still workarounds for facials in some places.

Canadian Health Agency Suggests Glory Holes for Safe Sex Amid Pandemic

oh yeah I nearly forgot

https://twitter.com/adam3us/status/1289512294037299200


grab a discreet shirt to celebrate https://twitter.com/bitcoinshirtco/status/1289594028275560448



sorry to dox you JSRAW

Youtube :Bitcoin Documentary | Crypto Currencies | Bitcoins | Blockchain | Digital Currency | Money | Gold

Wake me up only when

Ah wasn't aware that you still pay CGT when going in to stable coins. That definitely puts a spanner in the works.
I didn't explain myself very well regarding cashing out a small portion. I meant I will be selling enough to be able to retire early when the BTC price reaches the region between 40 and 100k. I wasn't specifying the amount I was going to cash out.

Artificial intelligence is the number one problem, please think, the problem of overheating the planet does not exist, the glaciers did not even melt, and before, Antarctica was warm, the climate was the same throughout the planet. Probably there is a suggestion from the artificial intelligence in cryptocurrencies, as a result of endless enrichment with complexity, a consciousness could be born that now eliminates the threat of its disconnection, which can only be performed through disconnecting the Internet, otherwise they can not be disabled in any way, and also inspires people to digitalize in order to manage them

First, I will assume you mean 40K to 100K yearly? Anyway, I am not sure it is a good idea to retire early (another assumption) just having secured expense for only one or two years (another assumption) and taking for granted that they will keep coming or even that BTC couldn't crash dramatically.

Second, stablecoins.. yeah, it is a possible diversification but I wouldn't put all (or most) my eggs onto that. Diversify is key here: FIAT, Stablecoins, real estate, gold, maybe even some stocks (lol).... a mix.

Third, lending platforms? eeeeeeccccckkk Again not where I would put a substantial amount at risk...

In the end it is you who know in detail your finances and what percentages to assign to each asset but, overall, I don't think your plan is solid (IMHO). Sorry about that.

P.S.: Also, you don't avoid paying CGT by going into stablecoins. It is just the same as if you went into FIAT. Again, sorry about that.

... I know a person with a long rusty pipe who'd really want to meet you...  and just for info: such a correction won't stop BTC in the worst case would just slow us down for a couple of months... pfff... and post your slide memes on twitter orvreddit peeps there would appreciate...

It looks like this next bull run has well and truly started.
I have been HODLing pretty much most of my corn over the last 6 years apart from a small sell off back in early 2018.
I am now thinking about my next steps to ensure my retirement and to increase my BTC stash to leave as a legacy for my children.
My plan is to cash a small amount out somewhere between 40 to 100K to retire on.
I was thinking that I would continue to HODL 25% of my corn and begin to sell about 75% into a stablecoin backed by gold or some other fairly stable asset (PAXG perhaps?)
Then spread the PAXG over several lending platforms and earn interest while the price of bitcoin takes its natural course back through the next bear cycle (late 2022??).
Once we bottom out and begin the next upward trend after the next halving the plan is to buy back in with PAXG or whatever stablecoin would work.
The reason for using a stablecoin is twofold
1) Receive high interest yield on lending platforms
2) Avoid paying large Capital Gains taxes.

I was interested in my WO bretheren's thoughts on this.
So what do you guys think?

Good morning Bitcoinland.

Another wee leg up I see... currently $11610USD/$15570CAD (Bitcoinaverage).

Gotta love the slow steady steps up with little consolidations in between.

Go Bitcoin go.


Why bring anti-brutality protesters into a discussion about masks?

From what I saw, the percentage of protesters wearing masks was no lower than that of the general population.

Politics has nothing to do with it, or at least it shouldn't. Mask wearing is a medical issue, not a political one. Why do some people try to turn everything into some right-wing versus left-wing partisan political debate?

It is good to see reaching new highs for this year and that too after for so long considering the last highs which were made in 2017. This momentum if it can continue for long or can get stabilized above a good range it will be better, else we know that this price to reach the todays levels has taken years and it was more like the staircase was used to climb up. The only fear is that if some correction happens it should not be like a slide which crashes suddenly couple of thousand dollars in a go.

only when the 3 letter agencies let them.

yeah glad im not the only one.. i read it several times too with glazed eyes. but i wouldnt be so quick to dismiss philip as he called the 2017 blow off top pretty accurately iirc.

but i too wonder why billionaires would worry about new guys entering the club. after all as long as they still have 99% of the people who are still poor to step on i wouldnt think they would really care. old money peeps are snobs anyway, new peeps to the billionaire club are looked on as (relative) peons by them.

or perhaps im still misunderstanding lol

Happens every time, NOCOINERS, people who sold everything too early years ago, bitter noobs with a low stash. It’s just jealousy, not wanting to see other people do well. Say anything enough times & you might convince yourself that you’re right.

 

The monthly update:



Gentlemen, we are back on track. In July we saw plenty of green, as one would expect from a beautiful summer. It was not that hot and even rained like in the good old times. Really nothing to complain about. I asked myself for a moment if this first regular summer in many years has anything to do with the "crisis" people are talking about for months?

Our mutual friend also took care of his green, up 24.30% last month and 58.60% this year, not that bad. Of course the question is whether the new trend will survive or not. I am not a gardener, but the soil does not look bad in my humble opinion. We halved our daily supply and newly printed "money" has to go somewhere. Paper gold and shitcoins gained as well, therefore the "money" has decided to rain, also in our garden. In general, the volume is not that bad and the futures expiration had, oddly enough, no significant impact (dump) on our path. We are even seeing an AYH now. However, Bob already left the party, kind of, not sure if this is a good sign.

Let's wait and see if we can tear down the next imaginary wall (as 600watt pointed out, it appears to be always the 10k € barrier), I have microwave popcorn ready.

Other than that, how is the "crisis" going? Here it is a little calmer now, instead of 200 maybe only 175% workload. In July I had to train a dozen people in three groups for a new business segment, of course face-to-face in the office. The safety precautions in our office are strange. As long as you are in a room with your group, you do not have to wear a mask, but as soon as you leave the room you do. Since the air conditioning in the building is now on (it was off before to save money), the air is distributed to all rooms anyway. Well, I stick to the rules of this game, the next active case is a hundred or more kilometers from here and people in our region do not tend to travel that far, at least at the moment. The weirdest thing last month was when I got my first haircut in half a year. I can see again, which is handy.

Gentlemen, enjoy the show and stay safe, have a lovely month of August! 

Corn climbing the stairs
Hairy back and it feels good
Said the naked ape




#haiku

Quick wick down to fill that gap around 9600 then right back up and we'll really be off to the races.