Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7393.

cAPSLOCK

legendary

Activity: 3920

Merit: 5565

Note the unconventional cAPITALIZATION!

Quote from: LFC_Bitcoin on July 30, 2020, 09:45:29 AM

Quote from: cAPSLOCK on July 30, 2020, 09:38:11 AM

I will not sell most of my reserves under any circumstances. The only thing I see myself diversifying into if it is appropriate is real estate.

I’d like to be able to HODL my entire stash for another 10-15 years but I have life goals & if/when we see $70,000+ I won’t lie, I’m going to have to staggered sell maybe 75%.

I will keep 25% long term though.

I can’t put myself & my girl through another mentally crippling multi year bear market.

This I TOTALLY understand. But I also believe the last 4 years have hardened me significantly.

goldkingcoiner

legendary

Activity: 2310

Merit: 2119

A Bitcoiner chooses. A slave obeys.

Quote from: JimboToronto on July 30, 2020, 09:54:18 AM

Good morning Bitcoinland.

Still consolidating around $11k after this week's jump up to 5 digits... currently $10986USD/$14747CAD (Bitcoinaverage).

Almost time to start moving up again.

Go Bitcoin go.

Quote from: El duderino_ on July 30, 2020, 01:07:50 AM

*Develop a strategy now and do not deviate*

Best strategy: Don't sell unless absolutely necessary.

Buy whenever possible and hold.

Resist the temptation to waste your bitcoins by buying fiat currencies just because the price went up. Be strong.

Do not deviate.

More like: Don't sell. Period.

Whats that? Your brother needs an operation? Not as much as I need 100k per Bitcoin. GTFO of my Lambo dreams.

Quote from: ?? on ??

I keep going away from this site and now I want to be back for a while but I did notice someone's signature campaign had their business logo on a trucker hat.

What is this bullshit! People copying the wall observer trademark!

I noticed the same.

... Goddamn shitcoin promoters!

Indymoney

full member

Activity: 896

Merit: 236

Quote from: vapourminer on July 30, 2020, 10:10:22 AM

Quote from: cAPSLOCK on July 30, 2020, 09:38:11 AM

I am a simple man with absolutely no need for "Lambos",cannot afford the years taken off my life due to any drug habits, and don't want hookers.

I would like a home in the mountains, and possibly a place by the sea... perhaps I will try to combine those two things and move to the up country in Maui. Then I just need enough to pay the bills.

I suppose that sounds boring.

sounds like a good plan to me.

My plans are also same but have very little difference I want to live in village with my kids as its also very exciting need some good amount for paying bills and this is also boring but still very good for me.

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

Quote from: cAPSLOCK on July 30, 2020, 09:38:11 AM

I am a simple man with absolutely no need for "Lambos",cannot afford the years taken off my life due to any drug habits, and don't want hookers.

I would like a home in the mountains, and possibly a place by the sea... perhaps I will try to combine those two things and move to the up country in Maui. Then I just need enough to pay the bills.

I suppose that sounds boring.

sounds like a good plan to me.

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

Quote from: JimboToronto on July 30, 2020, 09:54:18 AM

Best strategy: Don't sell unless absolutely necessary.

Buy whenever possible and hold.

Resist the temptation to waste your bitcoins by buying fiat currencies just because the price went up. Be strong.

Do not deviate.

No one's going to sell to leave the money to rot in a bank account, unless they have some sort of condition.

I'm sure many here have areas of their life that they are looking to progress and are exceedingly tired of being chained to this whipsawing headfuck. I sure as shit am. I'd never be fully out of the game but I am extremely keen to not be so deep into it.

When the opportunity arises to exit enough to no longer have to care anywhere near as much it's being grabbed with both hands. Around half should do it.

JimboToronto

legendary

Activity: 4284

Merit: 5215

You're never too old to think young.

Good morning Bitcoinland.

Still consolidating around $11k after this week's jump up to 5 digits... currently $10986USD/$14747CAD (Bitcoinaverage).

Almost time to start moving up again.

Go Bitcoin go.

Quote from: El duderino_ on July 30, 2020, 01:07:50 AM

*Develop a strategy now and do not deviate*

Best strategy: Don't sell unless absolutely necessary.

Buy whenever possible and hold.

Resist the temptation to waste your bitcoins by buying fiat currencies just because the price went up. Be strong.

Do not deviate.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Quote from: cAPSLOCK on July 30, 2020, 09:38:11 AM

I will not sell most of my reserves under any circumstances. The only thing I see myself diversifying into if it is appropriate is real estate.

I’d like to be able to HODL my entire stash for another 10-15 years but I have life goals & if/when we see $70,000+ I won’t lie, I’m going to have to staggered sell maybe 75%.

I will keep 25% long term though.

I can’t put myself & my girl through another mentally crippling multi year bear market.

cAPSLOCK

legendary

Activity: 3920

Merit: 5565

Note the unconventional cAPITALIZATION!

Quote from: gappie on July 30, 2020, 09:00:53 AM

Quote from: Karartma1 on July 30, 2020, 07:55:42 AM

Quote from: El duderino_ on July 30, 2020, 01:07:50 AM

If you thought holding was hard over the past few years, just wait until the #Bitcoin price is ascending relentlessly, instigating you to sell down your stack.

*Develop a strategy now and do not deviate*

Strong-handedness is more critical in bull markets than bear markets.

https://twitter.com/breedlove22/status/1288682370090950657?s=21

Wisdom.

During bear markets we tend to accumulate as much as we possibly can but, as you said, during bull markets we could capitulate due to too much excitement. Having a strategy allows us to be more confident all the way up.

Again, Dude, this is wisdom!

Talking of strategies to sell some, what are strategies being planned by others here?

DCA over a couple weeks with start of first sell triggered by target price, technical indicator in combination with date
BTC backed loans to carry you to the next bull peak. Pay back when BTC rate improves.
Selling put options. Hedge to not miss the top, but can be costly when the bull gets going.
Do you sell to USDT or some other fiat linked coin?
Where do you invest/save your new stack of fiat in the current economy?

I will not sell most of my reserves under any circumstances. The only thing I see myself diversifying into if it is appropriate is real estate.

I am hoping the lightning network and other layer 2 solutions begin to flourish over the next years, and my strategy will be how to move sats into channels via which I can pay for the needs of daily life. I am a simple man with absolutely no need for "Lambos",cannot afford the years taken off my life due to any drug habits, and don't want hookers.

I would like a home in the mountains, and possibly a place by the sea... perhaps I will try to combine those two things and move to the up country in Maui. Then I just need enough to pay the bills.

I suppose that sounds boring.

cAPSLOCK

legendary

Activity: 3920

Merit: 5565

Note the unconventional cAPITALIZATION!

Quote from: 600watt on July 30, 2020, 07:27:59 AM

Quote from: LFC_Bitcoin on July 30, 2020, 07:02:38 AM

https://twitter.com/excellion/status/1288648927399485440?s=21

hookerslamboblow.gif
moon.gif

Wink

whatever the forces are that make bitcoins price explode in the slow motion pattern we are experiencing, I find it hard to answer the question where will it ever stop? I have the gut feeling that there is no limit. where is the point of saturation? where will be an equilibrium reached between the new truly digital money and the rotting fiat system?
on the other hand, looking at the log chart price history it does appear to flatten out in the future. why is it flattening?

100k is indeed ridiculous. and so was 100 before.

This is an interesting notion to me. But there HAS to be a point at which we reach a sort of saturation. But without total failure we could not be even slightly close to it yet. We still have orders of magnitude growth potential. It's like that chart with all the little boxes that represent 100 billion USD I think. Where does Bitcoin end up in that whole list... Certainly not with just ~2 boxes. But do we stop somewhere near/below Gold's market cap or even a little more? Or do we aim for some portion of the global money supply.

The former is still a LARGE jump from where we are... between 50x and 100x of our current value.

The latter is mindbogglingly astronomical... Almost impossible seeming if you run the numbers.

gappie

member

Activity: 65

Merit: 121

Quote from: Karartma1 on July 30, 2020, 07:55:42 AM

Quote from: El duderino_ on July 30, 2020, 01:07:50 AM

If you thought holding was hard over the past few years, just wait until the #Bitcoin price is ascending relentlessly, instigating you to sell down your stack.

*Develop a strategy now and do not deviate*

Strong-handedness is more critical in bull markets than bear markets.

https://twitter.com/breedlove22/status/1288682370090950657?s=21

Wisdom.

During bear markets we tend to accumulate as much as we possibly can but, as you said, during bull markets we could capitulate due to too much excitement. Having a strategy allows us to be more confident all the way up.

Again, Dude, this is wisdom!

Talking of strategies to sell some, what are strategies being planned by others here?

DCA over a couple weeks with start of first sell triggered by target price, technical indicator in combination with date
BTC backed loans to carry you to the next bull peak. Pay back when BTC rate improves.
Selling put options. Hedge to not miss the top, but can be costly when the bull gets going.
Do you sell to USDT or some other fiat linked coin?
Where do you invest/save your new stack of fiat in the current economy?

El duderino_

legendary

Activity: 2758

Merit: 13660

BTC + Crossfit, living life.

Quote from: Karartma1 on July 30, 2020, 07:55:42 AM

Quote from: El duderino_ on July 30, 2020, 01:07:50 AM

If you thought holding was hard over the past few years, just wait until the #Bitcoin price is ascending relentlessly, instigating you to sell down your stack.

*Develop a strategy now and do not deviate*

Strong-handedness is more critical in bull markets than bear markets.

https://twitter.com/breedlove22/status/1288682370090950657?s=21

Wisdom.

During bear markets we tend to accumulate as much as we possibly can but, as you said, during bull markets we could capitulate due to too much excitement. Having a strategy allows us to be more confident all the way up.

Again, Dude, this is wisdom!

There are a few good posters in the twitter thrash-hole

Karartma1

legendary

Activity: 2310

Merit: 1422

Quote from: El duderino_ on July 30, 2020, 01:07:50 AM

If you thought holding was hard over the past few years, just wait until the #Bitcoin price is ascending relentlessly, instigating you to sell down your stack.

*Develop a strategy now and do not deviate*

Strong-handedness is more critical in bull markets than bear markets.

https://twitter.com/breedlove22/status/1288682370090950657?s=21

Wisdom.

During bear markets we tend to accumulate as much as we possibly can but, as you said, during bull markets we could capitulate due to too much excitement. Having a strategy allows us to be more confident all the way up.

Again, Dude, this is wisdom!

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: LFC_Bitcoin on July 30, 2020, 07:02:38 AM

https://twitter.com/excellion/status/1288648927399485440?s=21

hookerslamboblow.gif
moon.gif

Wink

whatever the forces are that make bitcoins price explode in the slow motion pattern we are experiencing, I find it hard to answer the question where will it ever stop? I have the gut feeling that there is no limit. where is the point of saturation? where will be an equilibrium reached between the new truly digital money and the rotting fiat system?
on the other hand, looking at the log chart price history it does appear to flatten out in the future. why is it flattening?

100k is indeed ridiculous. and so was 100 before.

JSRAW

legendary

Activity: 2184

Merit: 1540

Liftoff to Mars!!
https://twitter.com/NASA/status/1288804582143987712

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

https://twitter.com/excellion/status/1288648927399485440?s=21

hookerslamboblow.gif
moon.gif

Wink

Krubster

sr. member

Activity: 378

Merit: 889

Apparently, 27 members of the PlusToken scam have been arrested by the Chinese police.

Quote

One of the most notorious and largest-scale bitcoin (BTC) scams of all time appears to have finally be taken down – with Chinese police swooping to arrest 27 suspects it said orchestrated PlusToken.

Per state-owned media outlet Chinanews, the Ministry of Public Security, China’s police authority, has announced the arrests, noting that it has now “completely destroyed a huge multinational network multi-level marketing (MLM) organization that had been entrenched both in China and abroad.”

The ministry said that it began its investigations into PlusToken last year when it discovered the scale of the firm’s alleged wrongdoings.

PlusToken is based in Yancheng, Jiangsu, and the ministry said it estimates that 2 million people made investments in the scheme, which comprises a 3,000-level pyramid. The total value of the crypto assets involved in the scam, it said, exceed USD 5.7bn.

https://cryptonews.com/news/27-arrests-as-chinese-police-completely-destroy-plustoken-bi-7284.htm

strawbs

legendary

Activity: 875

Merit: 1362

Quote from: vapourminer on July 30, 2020, 05:55:29 AM

Quote from: JayJuanGee on July 29, 2020, 11:02:27 PM

Sucks to be me.. so many BTC emotional roller coasters.. Cry

isnt that part of what we signed up for? maybe not initially (for me originally it was the mining tech and a use for my game machines that did also did seti and folding on occasions, then later the actual use case and byob thing but that took a while) but now the roller coaster ride is expected. almost required now even. i admit i was falling asleep during that long sideways thing.

i mean whats more fun that watching your stack jump or dive 40% in value overnight. well ok there ARE more fun things but they will remain unnamed as gentlemen dont discuss such things (so ive been told).

the bitcoin rollercoaster guy is still the best meme on bitcoin ive ever seen. its so accurate as to what goes on. at this point anyway.

It's more addictive than crack. Maybe even as addictive as sugar.

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

Quote from: JayJuanGee on July 29, 2020, 11:02:27 PM

Sucks to be me.. so many BTC emotional roller coasters.. Cry

isnt that part of what we signed up for? maybe not initially (for me originally it was the mining tech and a use for my game machines that did also did seti and folding on occasions, then later the actual use case and byob thing but that took a while) but now the roller coaster ride is expected. almost required now even. i admit i was falling asleep during that long sideways thing.

i mean whats more fun that watching your stack jump or dive 40% in value overnight. well ok there ARE more fun things but they will remain unnamed as gentlemen dont discuss such things (so ive been told).

the bitcoin rollercoaster guy is still the best meme on bitcoin ive ever seen. its so accurate as to what goes on. at this point anyway.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino