Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7843. (Read 26607114 times)

Everything's so upside down these days

@CryptoBusy
1.5 Billion Tether USDT printed in preparation for the Bitcoin Halving
https://twitter.com/cryptobusy/status/1246172520702709764?s=21

re various buy/sell strategies...these days I always buy slowly, but sell as a 'chunk'  
Seriously, though, what is the point of selling btc, unless you have an immediate or projected cash use case?

I can't trade the darned thing. In 50% cases market goes up after I sell and in 50% the opposite happens.
Nevertheless, I imagine myself helping all those little buyers that you can see flickering on coinbase pro.
Maybe some of them were no-coiners before.
They gob it up, always, lol.

Great.  You should be checking in at least once a month, so we don't have to worry about you, and you don't even have to say much.. just say something like:... 1) look at that great price, 2) oh fuck.. look at the price, 3) we are all going to die from virus, or 4) some other variation of those or any other quasi-relevant hit and run assertion

He posts so much shit now in the Bitcoin Cash /r/btc subreddit.... absolute mong

Well yeah, there are cashflow management risks that can happen with any asset class, and surely bitcoin remains volatile as fuck, yet in my thinking any investment thesis and practice should attempt to employ as little gambling as possible, so that you are choosing when to convert an asset into dollars that is at a time of your choosing rather than just because the time has come and "fuck it"

I understand, easier said than done.  Even if you have a relatively long timeline of a year or two, sometimes markets will stay irrational for too god damned long, and you don't want to be forced to cash out of bitcoin at any other time than one that you choose for yourself.

I am even guilty of a similar problem, and in early 2018, I knew that I had some relatively BIG ASS bills that would be coming due at various times in late 2018 and early 2019, so I did keep a bit larger percentage of fiat in order to cover those bills, and what ended up happening is that more of them came due all at once and they were higher amounts than I expected in November.... and fuck, what a god damned bad time to have cost overruns... so yeah, I was forced into selling a bit more BTC ... just to be sure that I was covered, including just having cash on hand in case the BTC price went lower than $3k... blah blah blah.. In the end, probably, I sold less than 3% of my BTC holdings, but still it was at a time that was not of my choosing because I had not really prepared as much as I should have for the extremes that sometimes can take place right when other shit is hitting the fan.




Well, ultimately, the amount of gambling that you employ is going to be of your own choosing, and surely USD is less volatile than BTC, and surely you don't need to employ all or nothing, but you could have part in dollars and part in BTC, so that you are figuring out an adequate level of risk that you are willing to take while accounting for a variety of scenarios and really assigning realistic rather than pie in the sky probabilities to the possible scenarios.


Sometimes if all of your BTCs are in profits, anyhow, then you might feel less risk averse to just taking a chance... so yeah, let's assume for the sake of argument that your costs per BTC are $1k (for simplicity sake) and if you end up selling some BTC at $3k, then you only get 3x profits rather than 6x profits or 10x profits if things go to shit, rather than the possibility of 10x.. but still your willingness to gamble and how much you are willing to gamble can be moderated by you in such a way that is comfortable for you.. which is surely discretionary in such a way that people are going to divide that differently even when attempting to consider the matter rationally rather than just going into all or nothing gambling, which might not work out so well (but you might get lucky.. but do you want to base your finances on luck rather than really thinking through your comfort level and applying a comfortable risk so that you are mostly emotionally neutral either way?)


Well, yeah, if you already have reached your BTC target accumulation level then sometimes DCA does not really seem as if it is adding a lot on the margins, but you are sounding like you are getting a bit too greedy with the way that you are talking about this whole situation.  Like you want to have your cake and eat it too... which I consider to be too much gambling.

DCA remains a great long term way to continue to accumulate bitcoin, and surely if you have a decently long investment timeline, then you can invest for 5 or more years into the future... and just continue to stack away.. but if you are not really sure where you are at in terms of whether you have accumulated enough BTC or not, then you might just hodl.. and just DCA whatever the extra cash into fiat so that you have that fiat when it comes time to buy the house.. whatever that timeline happens to be.



Yeah... greedy talk.


O.k.  sure.. if you get lucky, and the BTC price bounced at that spot and went up nearly 80%, then there may have been some places where you could have taken some fiat out of that, and then reset your orders back for $4k or whatever price that you believe might be possible or a long shot.  It does not seem healthy to take your luck for granted and believe that you can continue to get lucky.. it is frequently better to preserve capital and to attempt to employ the capital prudently, and sure, maybe having some longshot bets in there, too... I am surely not going to talk you out of your seeming ongoing inclination towards gambling, so you just have to figure out ways to tailor your bitcoin investment in ways that suit your style and attempt to learn too in terms of ways to be as prudent as you can with your risk so that you are not ongoingly putting principle at risk.. in a kind of martingale style that really does not pay off in the long run, even if at the moment, you feel good about some of your past payoffs.

 Good deal on mbam if you're a student (or know one:) 5 bucks for 4 years

Thanx Loyce. Interesting stats to peruse as usual.

I was wondering, is there a top 500 (or whatever) list showing members average earned merit per post? (i.e... earned merits over total posts)
I'm sure it exists somewhere, just couldn't find it.
My google search skills are lacking. Thanx again.

There's the proof of judgement, thanks.
I'm no mind reader. (Well, at the poker table, a little bit. But that's different...)
Everybody's mind follows the same basic principles (mentally "ill" are excluded).
Ask a buddhist or any person that practices meditation on a regular basis already for some years.

But comodo is sloooow.
defender and mbam best combo for me on windoze.

 

I was tempted to write "format c:" 

Imagine if we could return to those times knowing what we know regarding price destiny.
I hope you still have a load of coins from then, I started buying in May 2014 myself.

Funny to read my old posts which are just starting after the first 2013 bear drop towards $66. Oh, how I miss those days 

It's strange how he stopped posting when we mooned to a new ATH.

Of course, I cannot argue with a different strokes for different folks approach, and I don't even mind if you keep attempting to beat me up about it.. it is a fair theme and a fair tension that everyone should be considering a variety of costs and benefits in terms of fit to their circumstances (including their psychology) and also maybe some of us are going to lose the fuck out of our funds because of exit scams and other ways to lose your bitcoin through employing these services. 

At the same time, I had always considered that part of my rationale for engaging in exchange services was to both take advantage of seemingly inevitable bitcoin volatility but also to attempt to support the ecosystem too... 

Yeah, I know that I don't really need to support the bitcoin ecosystem on an individual level, and there are a lot of peeps out there who are both dumb enough and liquid enough to support the ecosystem instead of me, yet I do have some selfish learning and engagement reasons, too, and I kind of figure that if I engage with bitcoin in this kind of way, it gives me a more complicated relationship with bitcoin that causes me to learn more because I am attempting to actively engage rather than passively engage.. .. so sure, that is kind of another intangible, but it has been one of my ongoing mental justifications, and I even continued to participate with various exchanges even with some of my own losses through exit scams and sim porting and some of the other bullshit ways that I have lost money through my active engagement that I kind of have considered to be a "cost of doing business."

The fucking nutter is just as fucking nuts on Reddit these days - https://www.reddit.com/user/jstolfi/

It's possibly the biggest waste of life and energy I have witnessed in all my days. Despite his fervent efforts he has not vanquished the object of his ire.

That's one maggot I don't miss.

Reading that list I miss some of those people. How’s stolfi nowadays?

It's striking how high up some long dead accounts still are. Goes to show how 'committed' some posters were back in the day.

ChartBuddy in 1st place still with over 21,000 posts in the WO despite being dead for years

Premium stimulus... with requisite social distancing compliance, of course.**  

**  Note: a friend told me this, via e-mail.