Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8691. (Read 26709950 times)

I don't think it's scaring the noobs, they all ran away when $6K was broken, then same deal with $9K level   Noobs will come back at $10-20K I'd imagine.
If Bitcoin price was a contest in doing something stupid (investing) for as long as possible (dollar cost averaging) - like standing in a ring weighed down, in a pool, touching a vehicle - we'd be on Day 2/3 by comparison I like to think. All the noobs would of already gone, with only the dedicated and hardened participants left.

What's this $1k bs I'm reading this morning?
Get a grip guys, you're scaring the noobs.

On the other hand, feel like front-running this:

I'm certainly not going to buy "moar BTC" in case we'll go below $1k. Because that would mean BTC is dead. I'd just go down with the ship quietly... 

What exactly defines a 'fork'

Bitcoin got forked many times ... not always contentious, but I d say even LTC and ETH are forks - at least from the initial idea - also having lots of Bitcoin's code

I have to engage in some of my end of the year analysis of a lot of "where the fuck I am at, more precisely," but my tentative assessment in the early December time frame had put me at about 97% in BTC.. and I have some jiggering around that I have to do based on some anticipated fiat expenses... so sometimes there is dancing around regarding how much fiat is available to buy on further dips and how much has already been put into the system and will it be removed or not, and under what circumstances.

We always assert that any changes in BTC (such as selling) should be accomplished at a time of your own choosing, rather than being forced into such situation at a time that is not convenient for you based on lack of adequate and sufficient planning.... especially planning for worser-case scenarios that could happen.


I have that sense that it is NOT going below $5k.. but surely have a plan for such, just in case... even if it is not the most ideal plan... it is there... so yeah, a lot of us long term HODLers and buyers on dips likely have similar strategies.. and likely even d_eddie has had to tweak some of his leveraging strategies that involved shorts based on the toughness in figuring out how to play /prepare for down when we have already have witnessed so much down already.

I try to stay prepared for everything no matter how ridiculous it may seem.

It is not that I really believe $1k is going to happen. The chances are %99.99 it is not gonna. But cash is always handy for other stuff. There might be "other" opportunities.

My realistic view is, it won't go lower than $5k no matter how hard they try. But it is still not enough to make me go all in.

Based on that representation, you seem to be way more prepared for $1k than me, even though I have been doing this preparation for buying all the way down longer than you...  so it seems..

Anyhow, I certainly would have to rejigger my amounts if BTC prices (buy amounts and increments) were to start to get into the lower $5ks in order to prepare for possibly down to $3k,....

I would still be attempting to buy below $3k, if BTC prices were to go there, and to have funds available to buy with income coming in, as we go down, if we were to go there, but I have to admit that I would likely transition into much more of a HODL status (kind of running out of money situation if BTC prices were to go below even $4k... meaning I have likely already blown a lot of my wadd along the way in a kind of gambling anticipation that BTC prices can ONLY go so low and are NOT likely to go much below certain price points and I am not likely to have a whole hell of a lot of spare fiat to buy with, if BTC prices were to sink to such extreme levels)....

Anyhow, there is still money that is anticipated to come in for me, depending on how long such a "going down" were to happen (if it were to happen) and there would be some spare money in the fiat funds (like there always has tended to be based on ongoing preparations to always have "some" money for buying on dips), but through my past experiences, it just seems that there has not been as much when the dips are so damned prolonged and so damned low and at a certain point.. there is not much left to do except for HODL and just buy with whatever sparingly amounts that seem to trickle in and can be spared to add to the then seemingly BIG ass BTC bags.. which seems to mean that not going to be as much in terms of fiat as had already been bought at higher prices.. which is part of the reason that I would have to rejigger in the $5k to $5.5k price arena just to reallocate what I actually have and what I anticipate to have in order to have the money available for further BTC price drops (would NOT mean that I sell any BTC because I ONLY sell BTC when it goes up and I buy BTC when it goes down.. absent some very rare and beyond expectation personal circumstances...and even then I would have some other resources that I would be able to draw into before touching BTC funds).

@JJG

I have a 5 figure fiat sum in savings but effectively I’m ‘all in’ on bitcoin in the sense that 5 figures in GBP isn’t going to make my life, is it.

I am very comfortably in 6 figures with bitcoin (unrealised fiat GBP gains).

And I will reach my bitcoin number goal in the next 2 months

Obviously I can't do both.

I went with the "option 2". (bought 1 btc-le zip- while DCA'ing) Didn't go all-in.

If it goes more down, I'll buy more. If it goes to $1k, only then I'll be all in which is not happening. I can double (or more) my buys every time bitcoin goes down %50 from here till it hits $1k.

I personally don't see how you, mindrust, can do both.  I don's see how you can "go all in" and also "buy that fucking dip too".. which just does not mean that you had really gone "all in".

Yeah, i understand that there are a few kinds of cash that any of us might have at our disposal. One kind of cash is what we actually have, another is based on anticipated cash flow that is anticipated to come in during a certain period of time, and another might be based on other resources that we can draw from in terms of our ability to employ debt from others and from institutions (so much that we are able to get or to leverage based on assets that we already have at preferential rates and so much at non-preferential rates depending on our "credit worthiness" and/or what we can use for leverage... of course, richer people have more that they can leverage, if they were to so chose.. and frequently prefer NOT to leverage very much and that is part of the reason that they have become "richie" in the first place... because they do not tend to engage in stupid / reckless leveraging behavior with what they have... hahahahahaha...even though they surely have way the fuck more assets and debt access abilities as compared to regular peeps).

Are you estimating getting to your "personal goal" within the next 3-4 months? within the coming year?  or some other more narrow timeline approximation?

Of course, we cannot really know BTC short-term prices with any kind of meaningful precision, but guestimating what is seemingly more likely to happen in BTC prices including that we might stay stagnant in a kind of $5k to $14k in the coming 6 months based on where we are at, which could even go on for 12 more months, perhaps, do you have an approximate date that you estimate to reach your "personal goal" amount?

Yeah, getting to double digits is a vital milestone. You don’t need me to do the math for you when you look at predicted prices with S2F etc in the short to medium time future.

If you get to double digits let’s just say it could make life a lot easier.

Yeah... My first target is getting to the double digits. I am pretty close though. If I keep DCA'ing the same way I did in the last 12 months, I'll get there less than in a year. (Assuming that the prices won't go too high)

If another dip happens from here (I don't think it is going to happen, that's why I made this trade today but... you know everything is possible), I'll buy that fucking dip too and It'll allow me to get to my target even faster.

So, Christmas ends today, unless you are some weird old fashioned catholic, in witch case it lasts until Candlemas, or the Feast of the Purification of the Blessed Virgin Mary and the Presentation of the Lord, which isn't until February 2nd.
Strange that the merchants haven't made some kind of buying feast out of that.

Good man, been buying very regularly myself lately. Getting really close to a personal stash amount now. To be honest when I reach it I’ll carry on buying, no point saving fiat, is there.

Possibly another 3-4 months of relatively low volatilty.

Grab those cheap coinz gentlemen.

BOOM flashed 6700€ right into its face. Bought the dip. Mission "plan2" accomplished.

This is the first time I spent this much FIAT in one swoop. I bought the dips before but it was on different days and the amount wasn't more than $1-2k.

My dca graph looks weird now.

Poor Washington, Everyone conspiring against them.

---

 Golden Globes 2020: Ricky Gervais
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