Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7501. (Read 26586600 times)

1) The state of #Bitcoin : May 10th BTC corrected ~20% & caught support at its 200 DMA. $10,000 is being tested again. Each retest eats away at Overhead Supply. What we are witnessing is BTC Technicals trying to prove itself as demand over powers sellers attempting to keep it down
https://twitter.com/mjdsouza2/status/1262233063007965186?s=21

12—> pieces... seems like a good read

Stock Market is on the brink of another 30-50% leg down...

Imagine what will happen if #Bitcoin  gains 20-30% in the same period

Imagine the institutional FOMO...
https://twitter.com/ivanontech/status/1262096421391683586?s=21

That indeed would be sweet

.

WTF are you spouting Jeegs? Firstly, I am speaking of the Supreme Law of the Land -- and the relation between the Swede's to theirs, and we to ours. I salute them for their adherence to written law, and I bemoan us for our clear abandonment of ours.

Actually, just shup. You have no point to be made in this conversation. Unless you want to start over from a completely different trajectory.

Jeebus-fick you can be such a twat some times.

You wanted to say 72 dirty whores? 

WO virgins? really? yeah i'll pass on that party

I believe that I kind of understand what you are saying, and surely it helps NOT to overinvest into bitcoin in order to feel less nervous when the price drops 85%.

I felt nervous at several points while BTC was dropping between $19,666 and $3,124, which would include that final drop in November 2018 from about $6k to $3,124.

I also felt nervous when BTC dropped from around $7,300 to $3,850 in less than one day on March 12, 2020.

Of course, further back in history I was nervous too, when BTC dropped from $1,163 to $158 between December 2013 and January 2015, but I also felt nervous when it did not seem like it wanted to go up in price throughout most of 2015.

So, I am not sure about the trick exactly in terms of NOT feeling nervous, even after a greater profit cushion seems to exist, there seems to be abilities for the BTC price to move outrageously in the downward direction, and even if I am feeling like I am getting somewhat less nervous than several other forum members, and I usually have some plan to buy BTC (even though maybe my level of nervousness might have to do with my perceptions that I am getting close to running out of money to continue to buy BTC when the BTC price is going down.

o.k... o.k... maybe I am exaggerating regarding the level of my nervousness, because so far HODLing when in the state of most nervous (assuming getting close to running out of money) has tended to work out pretty well.

I might need some pointers, regarding:

"how to NOT become too nervous during times in which the BTC price is going down - like it's falling off a cliff, and when I am assessing myself to be running out of money to buy more?"

cant wait for the 72 WO virgins waiting for me in heaven....

Not really. Not for me anyway. In fact, I've never slept better in my entire life since I became a HoDLer.

For a stress-free Bitcoin experience, you need 3 things:

1. Some capital to start you off, which you consider "already lost" the moment you exchange it for BTC.
2. Patience.
3. Believing in the idea/algorithm.

It's like a religion really, except that it is backed by science, and paradise is guaranteed to come in this lifetime.

We are not at 80% immunity yet. More like maybe 5%. Things are just getting started.

Main issue for us is that my mom is a nurse so she is the one most likely to get infected, I don't use gloves or mask making me almost as likely, and my dad is old and male. We live a long time in my family and we don't wanna lose him 20 years before his time.

We lacked blocks for 89 min, then Slushpool bangs two in a row earning 29% extra in fees.
Miners talk: "You said halving? Where we go, you might not even care much about halving"

These might be our last hours in which we can get coins in the 4 digits...


Perhaps?

.

I was one of those n00bs. If I recall correctly, it dropped all the way down to $60-70, where I managed to panick-sell. That's the last time I've ever sold any substantional amount of my stash, hodling strong ever since.

It looks like we are going to make an attempt to break the 5-digit barrier today. Bullish.

Ask Elwar how it worked out for him?

Elwar sold his house right around the time of the 2016 halvening, so in a similar situation 4 years earlier.

He was also underwater for a few months after he bought bitcoin with his house proceeds for several months, and a lot of people referred to him as gambling a bit too much... but we know what happened in late 2016, so he would have broken even and started to be in profits by the end of the year, and 2017 was even better.

Yeah, personally, I would have had problems allocating so much into bitcoin, and especially in a lump sum like that, so surely each person should be weighing how the rest of his finances are doing, and be prepared for the BTC price to either go down and just make sure that living expenses and emergency funds are covered.. but sure in Elwar's case, it seemed to have worked out pretty decently, and we have heard of some other folks who invested like that during an exponential BTC price growth period and did not work out so well for them, but would have likely worked out o.k. if they would have been able to hold their position for more than 4 years.


No need to ask Elwar.

He will tell you, voluntarily.   

At $10k btc is still DIRT CHEAP!

Yeah and some peeps here are still unsure which way will btc go... seriously? After 2 years of bear a drop of 80 something % from the ath and a flash crash to 3k weeks before the halving? Really? 

Bear market? We've had enough of bear market...

Dear $€£ fourdigit sellers,

Resistance is futile. A five digit bitcoin is happening whether you like it or not. The WO is sorry for your loss though, so please come join us in the journey adding the next 10K towards the ATH.


Thank you.

it is not likely but nothing in bitcoin is impossible: before the run-up to 1.2k in late 2013 there was a short but scary dip end of september, which was due to silkroad getting busted and all the noob hodlers panicked since now there was "no use case for bitcoin anymore"  price fell from $125 to $85 within minutes. bitcoin was dead for sure. then it recovered also within minutes and as soon as everyone noticed that bitcoin wasn´t dead it started its famous run to 1.2k.  maybe the corona-dip was the same kind of dip? it was a make-or-brake moment for btc for sure.
i know it´s a far stretch. we will know in a few weeks when price is over $80k...