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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9459. (Read 26708037 times)

legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
Your observation seems quite correct, Hueristic.  My words remain materially inadequate and insufficient in the eyes of Dabs.   Sad

It's not like that at all my friend, your words are all good. I just know you can do a little bit more. Perhaps you already do and no one knows about it.


As for the DCA, I've also read it somewhere else that one of the better alternative strategies is to buy in lump sump what you can, maybe in the case of bitcoin after testing out a small amount, particularly if it is a new exchange or method you are using.

For both buy in and cash out. Cash out method is entirely dependent on any target acquisitions you have in mind, but the DCA suggestion is geared more towards a similarity to a so called "safe withdrawal rate" where the principal value is largely unaffected.

With bitcoin specifically, increase in value is mostly capital appreciation.


The only reason DCA would make sense is if you've already gotten your initial allocation of corns, and rely on outside sources to continue buying in, and most people don't have large amounts of funds set aside for that. So they get from what they can, which is usually a wage or periodic profits or monthly or quarterly dividends from other investments or sources of income.

The average working person would get it from their paycheck, which is either every month or every two weeks. They set aside some amount on that day and just buy whatever corns it will let them.


The key point which I believe you are trying to make is to remain as unemotional about the process as possible, so DCA affords some of that ability. No thinking. No waiting. No timing. Just buying.


As for selling, that again depends on your particular situation. If you don't need it all today, can wait a little bit; however it is always a good idea to keep a minimum amount of fiat around so one does not get aggravated by sudden or unexpected expenses, almost all of which can only be paid in fiat or legal tender.
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
sr. member
Activity: 378
Merit: 889
Your insinuation that the Craig-Satoshi conundrum has anything to do with SegWit being an alteration to the Bitcoin protocol, however, remains daft. Granted, it was likely a mere rhetorical talking point. But if so, why stoop to that level of inanity?
Yeah, I was being sarcastic. A low quality response. I'll admit to that.
legendary
Activity: 1652
Merit: 1265
sr. member
Activity: 1400
Merit: 347
Say what you want, but Segwit was a good thing for bitcoin. If it was not for Segwit, we would be paying higher fees today, and the network would be slower. Just imagine the network of 2015-2016 with the adoption of today, it would clog up.

And this is coming from someone who keeps most of his stash in legacy addresses, so no partisanship here.
sr. member
Activity: 378
Merit: 889
Did you always hold some BTC and then have to reshuffle around after the MTGOX situation?

Of course in 2013, and thereafter, there became quite a few other ways to acquire BTC, but surely it can be frustrating to lose some BTC too, and I suppose the longer that any of us is in BTC the more likely we would have had made some various mistakes based on keeping on exchanges or other mistakes.

Surely, you have quite a few more balls than me to send money to Japan, and I have my doubts about whether I would have done that, even if I had heard about it in 2011 or 2012.

I have some real fucking difficulties remembering my thinking about bitcoin.  I know that in the period of about August 2013 to November 2013, I was researching into various investments, and I had bitcoin bookmarked in one of my tabs, to get to those tabs later.  I don't recall exactly what my feelings were.  I had heard the name and it was something that I bookmarked to look at later.  I recall that between about August and November, I had made several new investments into various index funds.. just traditional and safe investments, and I was kind of experimenting with adding those new index funds to my portfolio, and then in about mid-November 2013, an acquaintance on the interwebs, mentioned how he had been making so much money on BTC.  He said that he had been buying BTC in order to buy drugs on silk road, and he did not spend them right away, so they just appreciated like fuck, and he really did not  know what he was doing with his investment into BTC, but it had caused him to acquire a decent amount of wealth, and that story caused me to read the stupid ass bookmarked tabs that I had pending for a couple of months.  Weird.. and another weird was when I read the tabs I was like holy fuck, and it did not  take me very long to create a buying strategy, because I was already shopping for something and bitcoin seemed to be a great hedge against my then other traditional investments.
Yes, I have have always held most of my bitcoins in my own wallet. Back then I was running a full node. Now I have them stored on a few hardware wallets instead.

The difference back then was that I had maybe 25% of my stash parked on MtGox. Just for the convenice and being able to trade.

Now I only keep 1-2% of my total stash on an exchange. Just to trade for fun, and to cash out for my montly expenses.

Most of my remaining coins haven't moved since 2012, except for 2017 to claim all the forked coins, and to move them to a segwit address.
sr. member
Activity: 406
Merit: 301


Ok. you want bitstamp chart, no problem.  Wink

Btc/Usd Bitstamp (CME Chart Bad, Mkay)  Grin

The first major resistance for the shorterm is marked with the yellow area. Around 10.800 Usd to 11.000 Usd, it depends when it gets there.
The first minor resistance is marked with the orange area. We are currently already there. Around 10.500 Usd.




Last few days, price follows exactly this chart. You have to be honest, sometimes if you want to trade BTC and make 2 or 3% profit, it is relatively easy. I got shit on for saying that a month ago here, but to each their own, competent traders can earn millions over the year by trading BTC.

 

Thank you! I'm glad you like it! I hope you made some profits from it!   Wink
But according to the received merits, this chart bellow (link) was more popular  Smiley

https://bitcointalksearch.org/topic/m.52377811
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
Meanwhile in Binance


legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
6 digits would be better.

Brother, some of us will be filthy rich (I can't wait for it 🤪)

It’s coming, nobody or nothing can stop it.
To the real moon 🙂
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
5 digits and we are doing well.

6 digits would be better.


In 2021 or 2022!

It’s coming, nobody or nothing can stop it.
legendary
Activity: 3431
Merit: 1233
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
A NEW talent in tennis....
New Tennisqueen?
I have no idea 🤪

Good morning WO!
Observing @ $10,520

5 digits and we are doing well.

I hope you all are good. 🙂
legendary
Activity: 2702
Merit: 2053
Free spirit
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
Found it.  28 feet away against the wall.  Under a rubbish bin.
legendary
Activity: 2702
Merit: 2053
Free spirit
via Imgflip Meme Generator

Just hit the Belgian news..... the WO-member thats interested in this Will know why I post it.... Nice for you man, the rooting have helped her!!!!!

A NEW talent in tennis....

Cheers

Who wouldn't benefit from a good rooting
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
If you drop a small steel nut onto a polished concrete floor from a height of 8 feet how far can it go?

8 feet because it hits the concrete floor  Grin

8 feet on the way down to the concrete but I assume you have the factor in the distance it bounces.
hv_
legendary
Activity: 2548
Merit: 1055
Clean Code and Scale
https://www.asus.com/us/Phone/ROG-Phone-II/

I don't need this. I mean, it is quite shiny, but I don't need it.

Maybe I get it ironically, just to prove how absurd it is.

It s always good to know, what's NOT needed.

We are mostly totally hijacked by sophisticated  ads and sales mashinery
legendary
Activity: 1652
Merit: 4393
Be a bank
https://www.asus.com/us/Phone/ROG-Phone-II/

I don't need this. I mean, it is quite shiny, but I don't need it.

Maybe I get it ironically, just to prove how absurd it is.
legendary
Activity: 1652
Merit: 1265
If you drop a small steel nut onto a polished concrete floor from a height of 8 feet how far can it go?

8 feet because it hits the concrete floor  Grin
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