Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7392. (Read 26731924 times)

When 12 o’clock ??

https://gdpr-info.eu/art-17-gdpr/

The "right to erasure". I'd take advantage of that, but many non-EU citizens might not be aware about it and a good amount of EU citizens, too.

 I'm surprised that 600watt isn't named there.  His opsec must be spot on.

https://twitter.com/Ledger/status/1288452973811703810

https://twitter.com/trezor/status/1288463431750885383

#bitcoin halving cycle - Can you find this week's move to $11k?



Twitter post: https://twitter.com/ChartsBtc/status/1288855126623412229



Twitter post with bitcoin halving cycle already crossed $11,144 trending on the make useful bitcoin world. now waiting for $13,200 next point trader are ready for created new bitcoin.

Still.. we need a little more volume action, I think.

You ever buy a Ledger?

interesting

Fair enough... you party poop.

I was largely just emoticating for funzies... and for exaggeration purposes.

I mean if you look at the contents of my earlier post.  I was saying that based on recent BTC price rises, I had pre-ordered hookers, lambos and blow, but then after reading OutOfMemory's negative nancy price prediction post, I had to go through the efforts of cancelling my seemingly premature pre-orders.

Could anyone really take those kinds of representations seriously, except maybe metaphorically?   

 

Hopefully, you can let us know how some of this goes for you, whether while you are carrying out your various sales or after the fact.

I understand that sometimes some forum members do not want to share too many of their buy/sell point specific details because it could screw up their plan if others end up front-running their various buy/sell BTC price points in the even their plan gets too much publicity or further adoption.

https://www.epsilontheory.com/the-grifters-chapter-1-kodak/




etc good stuff

I think that you have precisely identified the issue, LFC.

When you sell your BTC, you gotta be ready, willing and able to leave the proceeds of those sales on the table forever and ever and ever and NOT be planning, hoping or wishing to buy back lower.

So, it appears that you have never been willing to take that chance, and I doubt that anyone can fault you for that personal inclination, even if some of us might come to differing conclusions regarding at what points to sell some BTC and how much.

I have actually seen you revise your thinking on this matter through the years, and probably both of us can recall that you had gone through tentative plans to sell very large portions of your BTC in around the $50k region (surely a price that we have never reached, yet), but you seemed to have modified your thinking and even revised plans that are still going to allow you to reach your hookers, lambos and blow goals in somewhat revised ways that are presumably even better tailored to your own situation, including your risk tolerance and other personal variables.

Anyhow, I admit that some members might get somewhat bored with my repetition, and I have even had to revise my psychology along the way too, because when I was first selling BTC in late 2015, I was having some difficult times to really psychologically leave those sales behind - and surely, I have way fewer psychological issues in that direction these days, and my thinking is more strongly in the arena that if I make any sale of my BTC whether it is .001, or .0352818 or some other BTC amount, I am largely ready, willing and able to leave those BTC behind if the price does not return to my preset points.  

Sure, I might tweak my sell or my buy back plan here and there along the way, and I do make some tweaks on a fairly regular basis, but my overall psychology has become a lot stronger in terms of leaving my sales behind when I make them, and part of my own justification for that comfortable feeling is that I believe that I had largely over-invested in BTC 2014/2015, so I am more than willing to part with some of those BTC along the way.

By the way, regarding a tweak that I had done in the past couple of days, I had looked at my BTC sell settings between about $11,500 and about $14,500, and I thought that those BTC sell orders were not quite right. There was something "off" about them in terms of really harmonizing with my psychology and my then thoughts of my finances.. and of course, some psychology can change a bit when the BTC price goes shooting up $2k in less than a week with $1,700 of that price appreciation within about 12 hours.. hahahahaha.. Anyhow, I tweaked all of my BTC sell orders between $11,500 and about $14,500 that caused for better harmony and maybe even changes in the overall added up amounts being sold within that price range by somewhere in the 5% arena...

I also had various outstanding BTC sell orders between $15,500-ish and $36k-ish that had a mixture of placement dates between early 2018 and even a few stragglers that were placed in mid-2019.  I reviewed those BTC sell orders and I thought about them in terms of my current personal situation, and the punchline is that I didn't feel any need to adjust any of those $15,500 to $36k BTC sell orders, even though they had already been in place for a few years.. but I did have to make a few minor (maybe technical and not really amount-wise) adjustments to some BTC sell orders between $22k and $36k for an exchange that I had NOT been using very much in early 2017/2018.. so I had not yet created those BTC sell orders between $22k and $36k, which I accomplished in the past couple of days...

Side note: interesting that with this particular BTC price move, I ended up being more motivated to toothpick level analyze all of my BTC sell orders between $22k and $36k, when I had not been motivated to do such tweaking at any earlier date, including our April-June 2019 BTC price rise to $13,880.  That April-June 2019 BTC price rise (and/or any subsequent BTC price movement, until this recent one) did not motivate me to even consider tweaking those $22k to $36k BTC sell orders.

Personally, I do believe that some deviation from a self-created plan (or even a plan that any guy might have taken from someone else) can be employed, but having a pretty strongly thought out plan is way better than not having much if any kind of plan, so at least if you already have a buy/sell/HODL plan, you at least know from what you are deviating, in the event that you consider or employ deviation to your plan.

Many of us likely realize that one of the major issues with mindrust is that he seemed to have not been sufficiently convicted in his BTC plan, and then when he actually deviated from his plan, it deviated in a very extreme way, like throwing out both the bathwater and the baby.. and then coming up with some feel good, and likely quite inferior plan.

Sure, we cannot exactly get in the head of mindrust, even though he did give us a decent amount of contemporary thoughts that he was having at the time of his crisis, and so even he disclosed along the way and during the crisis that he was having that he was really NOT very prepared some some extreme scenarios, and accordingly, he was already planning to fly by the seat of his pants, somewhat, if any extreme scenario were to unfold... part of the reason that I am such a fan of incrementalism in something like bitcoin - even though probably many of us do imagine some extreme scenarios that might even cause each of us to lose our shit.


Have you been employing such strategy over the years, Wekkel?  If so, for how long, and if so, did you screw up some times along the way? or did you take some time to figure out such a seemingly objective approach to this matter?

Also, how do you know when and how much to buy back?  Is there a certain measurement that you use, or do you just "wing" the easy-peasy part?

 


Again.  I am beat to the punchline.     Only by 9 hours, but who is counting besides me?

What I meant was: don't sell unnecessarily for mere fiat "money".

Buying medical services or retirement homes (or fine foods or beverages... maybe even hookers, Lambos, and blow, depending on your tastes) is Bitcoin well spent, as is discharging all debt.

Selling bitcoins to bank dollars (or euros or pesos, etc.) is just plain stupid, although many people do it.

Keep your profits in Bitcoin.

We should gang bang that shitcoin thread, where is it?

I am with you guys, I want to move back to my village, buy some more land, plant a forest, grow my own food, have my own water and secure jobs for my family and close friends on my ranch so they can all eat and live healthier and less stressful lives surrounded by nature.

Hopefully pass that down the generations after I'm gone.

I don't see your point, whats wrong with that? 

Moon colony apartment penthouse. It's a growth industry and the view would be spectacular.

It is a ratio thing.
Always be prepared to sell some, but not all.

Also when people say numbers like :
     10,000 ----------- been there done that
     20,000 ----------- been there done that

     50,000 ----------- to move to this number by 2021 means 922,339,050,000 or 922 billion

the world's money supply is easily able to achieve bumping btc to 50,000 or 922 billion by the years end
the world has well over     49,220 billion in wealth

so pushing btc to 50,000 by years end is not that hard to do.

So the upside if you have 3 coins right now is 150,000 by 2021 is possible.

If your coins cost you 3,900 x 3 = 11,700

do your math and figure what to sell.

If you want to be highest risk hold it all risking 11,700 for a possible 150,000

If you want to be lowest risk sell it all.  you get about 33,000 - 11,700 = 21,300 profit a certain win.

If you are sane and want to do what you said in your post

you sell 1.1 coins gives you 12100 you invested 11,700. you are up 400 usd.

and you have 1.9 coins in hand.

Set a price point for next sell say 20,000

do ratios  the upside is the 1.9 could go to 95,000

at 20,000 if you sell .4.  you get 8,000

and still have 1.5 coins.

You can alter the numbers since I do not know your cost basis or your coin wealth. But it is the 50-50 game or 60-40 game or 70-30 game I am playing.