Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8660. (Read 26723546 times)

Hahahaha


had to re-post this for the mere hilarity of it, especially the "delusional fools" part, which is truly a deserved lil dig...

IOW... great points, bitserve.    


By the way, I would not say that BTC won't go to $400k, but surely no one should be counting on anything near that in order to be able to get rich, even though BTC prices might go there, it seems crazy to have to rely on such a scenario in order to profit stupendously.... Also, I am not asserting that any of the actual words of bitserve's above post should be changed, at all in order to clearly make the point(s) that he made



Totally agree; I think.

Seems that you hope for the best, and prepare for the worst.  That is one of the secrets of making sure that you are not creating goals and expectations that are not realistic and/or setting yourself up for disappointment.. but at the same time, in bitcoin, your hopes for $400k should not go without any preparation.. just that $400k scenario is not the main plan, but instead the "prepared just in case plan".. the hopium that has some roots..

In other words, you are not going to find me cashing out at $100k or $200k or even $400k merely because I believe that those amounts are all a bit pie in the sky.. like bitserve suggested, don't need those amounts to be greatly richie... ...  

In other words (am I running out of words, yet.. Oh, yeah, I almost forgot, I am a badly programmed bot, so I tend to repeat my lil selfie a lot) , if the better scenarios end up happening, you are still in profits.  

Here's the example:  you can hope for the best by having skin in BTC with the outrageous UP scenarios, so let's say that you prepare for $17k, or $35k, or $70k, but $400k ends up happening, you still have some stake in BTC in order to continue to cash out all the way up...  but you also have to cash some reasonable amounts out along the way in case only $17k or $35k, or $70k, and some other lower than $400k amount ends up playing out.  

I would not characterize cashing out as DCA..

but it is more like the opposite of buying on the dip.  Sure buying on the dip could transition into a kind of DCA, but it still is a bit of a different concept than DCA.

Each of us needs to decide where exactly we are in our timeline, too, which causes us to consider how long do we think that we are going to live which will cause us to determine if we are in accumulation phase, maintenance phase or liquidation phase (not necessarily going to be a pure phase either).

If you are in your 50s or 60s, you likely are going to feel decently comfortable transitioning into a kind of maintenance / liquidation balance, but if you are in your 30s or 40s, fuck, you have the potential of a lot more time that could cause you to NOT be able to sustain passive income from how much BTC you have accumulated (and your other investments); therefore, when you are younger like that you gotta be careful to make sure that you have enough before you really declare yourself to be clearly out of any kind of BTC accumulation phase.. In other words, you better have a fuck load of extra BTC to make sure you are good in the event that BTC goes from $100k back down to $10k.. .and yeah, maybe having some other hedges as well.

Even though it does not hurt to bat around some of these ideas because we have some similar comparison points and similar considerations that each of us has to go through in order to individualize our investment considerations, but in the end, no one can really establish what those boundaries are going to be besides yourself, and if you end up going too much into maintenance/liquidation stage before you are actually ready, your youth might end up biting you in the ass because you end up having 50 more years that you have to support yourself based on your relatively early decision-making.

Few of us more elderly folks are likely going to refuse if we could get back 20 more years in order to have that time, but any of us who are no longer in our 30s will likely recognize that decisions that we made in our 30s had contributed to our current financial trajectory and surely it is nice to be quite set in our 50s versus many peers who might be somewhat struggling in that time of life.. cannot really blame them, because there is a decent range and very likely that people are going to have to work in their 50s 60s and 70s a bit more than they would have wished upon themselves when they were thinking about their situation when they were younger and able to transition themselves into a possibly decent financial cushion or trying to retire too early and then getting fucked.

I feel like I am going to miss the ATH again. Feels all over 2017.

This next pump will separate the believers from the get rich quick guys. Believers are ready to go to zero.   But...

ARE YOOUUUU READY???!!!11??

Well, as you have correctly said, it depends on many factors so first you would need to think in FIAT terms (which is how most mundane things are priced) and establish a goal.

Let's say you come up with $1million as nice round number. Again, this could as low as $500K in some countries and just for a very modest lifestyle up to $5 million for US, with many years to live, and with a nice lifestyle.

ANyway, as I said, let's use the $1 million figure. So then, if you have 10 BTC, you would need a solid $100K price to reach that goal. Or just less than $50K if you have the "classic" 21BTC.

Most people with a three digit amount of BTC, we could consider they have already almost made it. Two digits... maybe soon, if we get lucky in the next few years.

Everyone needs to make their own numbers. And also remember that there is no guarantee of anything.

Of course that is if someone decides to cash out everything (or most) when the price target is reached. Which is not what I would suggest to do.

It would be much more reasonable, yet risky, to just keep cashing out as needed, even if you already reached your "goal". More so if you expect Bitcoin will keep rising during the next years or even decades.

Also, who said someone that just arrives right now to Bitcoin with barely any savings could easily just come and retire by investing what he can? That's not how the world (or nothing) works.

I understand the "retire" and "financial independence" point... but no, no one has any guarantee of that. And the only ones that have been in that position thanks Bitcoin it is either because:

1- They were extremely lucky in their entry point and/or decisions
2- They arrived later but they took the risk of investing a sizeable amount of money.
3- They hodled for MANY years. (ie. I am now on my 7 year some others way longer).

Bitcoin was never intended to be a get rich quick scheme, even if it resulted like that in some cases. For most it won't be a "retirement level" profit, just a better or worse investment.

As a final note I think I can give you the following great advise: https://bitcointalksearch.org/topic/m.19097436

IOW, I don't think you really need any additional advise from me.

TLDR 2;

This might be the last big bitcoin pump with a new ATH we are going to see.

If it goes down %80 again after hitting $80k, it would fuck things up. Another new ATH may never come after falling from $80k.

So we either push btc above $100k, or bitcoin ded. (assuming the drop from the ATH will be %80 again)

Now it is getting even more interesting.

Either take no risks and dump everything between 50-100k or be a believer and go down with the ship. (or go to the fucking moon with the same ship, $500k/piece)

duderino, in this case your opinion does not count, you only frequent first class establishments.

That's a bit of a stretch, we'd need our good old lad Xi Jinping to do some pumping to hit 10k so quick.

Some guy on twitter ran a full node in a Tesla. That is what I call the definition of cool. Source

Actually, eighty something %% decline this time left me scratching my head as well.
I fully expected that the decline would be less (60-70%) in the current cycle, yet we still went like a yo-yo.
Actually, it was a few percentages less than prior, but only a few.
94% ($32 to $2) first cycle, 86% second cycle (1160 to $160), 84% this cycle (19870 to 3100).
You can see that draw-dawn got slightly lower, not by much.
Hence lies the problem. If we keep popping up lower gains (in %) in each cycle (320000% to 57900% to 12400% to, say, 2655% in the upcoming), but always declining in the % of gains, but keeping draw-dawn high at or above 80%, then, inevitably, and quite soon, we would have a reverse cycle where we increase less than subsequent drop and that would be a devastating picture.
BTW, 2655% increase (keeping with lower increase trend) in the upcoming is projecting to $82K.

TL;DR So far, each cycle the drop is above 80% and changing very slowly, but gains are declining more rapidly (in %) each cycle, suggesting that at some point relatively soon we would have a down cycle (in the next one or two).

same here. jbreher, congrats on whatever coins, whatever you have.. btc, bch, bsv, bshit, whaever. and especially whatever profit. if an informed person takes risks, a person deserves the reward.. and also the rekkt, if thats the outcome.

jbreher is informed enough about the various pros/cons of what he holds that he can make it (most likely). unfortunately not all have enough understanding to make an informed choice.

TLDR; jbeher is no dummy and his system works for him. of course what works for him could very well REKKT others. so DYOR

It's an attempt to get regular peeps to keep buy BSV bags in order that some of the pumpeners can attempt to regain some of their losses by how much capital they had to expend in order to pump up that crap.

Video shows garbage being dumped into a river (supposedly in ecuador), which seems to me to be one of the reasons why governments are needed.


Yeah.... poor lil innocent orange haired guy.   

Try 10K this evening bro's ......

Where do they serve coffee for 1.59, please invite me

I am fresh back from an unexpected work/vacation back and forth across 4 states getting a lot of looks wearing my (actual) Bitcoin hat
It almost made a life insurance saleswoman/scammer I was trolling shit themselves after a series of events in a conversation including them doubting me and thereafter presenting with some BTC schwag blowing their mind that I wasn't just talking shit, lol..



I don't think we are into that kind of pump yet..
I think gains like that will happen slightly after the halving but who knows..

https://twitter.com/Rhythmtrader/status/1218320136295342082
1970


https://saveforamerica.org/category/family-finances/


https://imgur.com/f2VjA7t


FIAT shit, buy BTCitcoin

people = shit

Let's say hypothetically (I don't know if this happened or happens in this thread) your favorite lil bag of alts is beaten upon here because people consider it to not only be a shitcoin but it is also a kind of attack on bitcoin.  Are you going to defend it here?  Sure a lot of altcoins rely upon bitcoin being deficient in some ways and supposedly solving some problems that bitcoin cannot solve, but many of them are not attacks on bitcoin as much as the bcash camps or even some of the others when they start to approach the size of bitcoin they act like they are actually better than bitcoin in terms of sound money, which is truly bullshit and they need to be called out on their bullshit.  

I still tentatively conclude that anyone trying to talk positive about any altcoins in this thread deserve to be beaten up, and some of them deserve it more than others based on the kind of their attack, the size of their attack when they get BIGGER, and their misinformation/misleading spreading in respect to bitcoin.  I hypothesize that your purported "bag of alts", kurious, do not likely fit into the same category as the bcash variants or maybe even the others in terms of the amount that they are attempted to be shilled in this thread.

TLDR: I see little to no reason for us to be "open-minded" in this thread regarding allowing various alt coin conversations to get into this thread, because it is a fucking slippery-ass slope that turns into an avalanche of phoney baloney nonsense if it is tolerated (as open minded) in the slightest.  Sure, talk about food or travel or politics or sex or religious or racists / intellectual superiority.  Those off-topics do not have any kind of meaningful propensity to devolve into an avalanche of pumpening of bullshit topics like the tolerance of altcoin discussions does.  In essence:  Nip that altcoin talk bullshit in the bud (or butt as some people would like to say... #nohomo).    

Please stop doing that! I hope that at least you are wearing your sunglasses! You know...