Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9560. (Read 26609236 times)

Let's be clear.
We are both (Lambie & mindtrust also included) uber bullish on BTC - medium to long term (as for yourself also short term).

My objection was to the powerful unsubstantiated choice of words you used for our fellow bull brothers.

Also my insta-bottom prediction of ~ $7k is valid only until the end of September.
That means that I'm expecting to move sideways between $8k-$11k in that time frame.
The closer we get to that date, the less chances we have to meet it - which makes it by default - the last chance to pick up some coins at the 4 digit range.

All that said, BTC is showing true grit at the $10k battle.
The following 2592000 seconds are critical.

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Have a goodnight dawg!

hodling btc is not easy. especially when you doing for years and years. seems to me that lots of hodlers (including myself) from time to time get really stressed out about it. the volatility. the FUD. waking up in the morning and you need to check charts on mobile to make sure you did not get broke overnight. almost no one to talk to about it, except the brotherhood of WO. msmedia painting btc as "terrorist/drug money". all the scams. all the shitcoins. how much is enough? hodling is a 24/7 job and it does not forgive weak moments. it changes the hodlers mind.
bob, you did everything right. be proud.
stay strong folks.

Well, maybe I am being a bit too harsh?  I am just such an advocate for incrementalism and long-term investing, so I have a decent amount of reservations and criticisms when people play around too much with large portions of their BTC stash.  I have been like this since I started investing in BTC in late 2013.  Of course, I have refined some of my investing strategies and my thinking about bitcoin, but I always thought that it is something that should be accumulated, and invested in such a way that you have the rest of you financial matters covered (in other words, you are not investing more than you can lose and you are not tempted to sell it, especially in large quantities).

So, yeah, I do recognize that a  decent number of reasonable people have sold way too much BTC and way too soon, and I am having some difficulties to relate in a material way, since it is not something that I would do or to plan in that direction.

Of course, I am also stuck with my own experience in starting in bitcoin in late 2013 and also after I had already established a pretty decent investment portfolio, so I am sure that my perspective would have likely been carved differently, if I had gotten into bitcoin at a different time and if my financial situation would have been materially different (such as starting out with a very small BTC investment budget), at the time that I got into bitcoin.

Oh gosh... That seems to be a high level of certainty that you are placing on something that I attribute, approximately 1% odds.

Maybe that is part of the explanation for our differing views?

Of course, Mic, nobody is forbidding anyone from speaking. Obviously not even neo-nazis like r0ach, unfortunately. But there are people who may be tempted to use their reputation to imprint fear in the others (which is a definition of FUD). How we can recognized it? If that person starts with something like "Bad news" when there is no news, or makes a bearish predicition which he repeats... I don't know, may be 10 times or more in the last 6 months. And if he openly admits that he missed the oportunity to buy at some price. Then it is obvious to me that we should not be influended by his dramatic chart analysis. That's all.

May be they are wonderful persons in real life, but not everyone is so good like you Mic to give prizes and encourage others with the best possible advices. I've became a convinced hodler because of people like you, JJG, 600Watt, LFC Bitcoin, etc.... I mean, my ideas, education, understanding about Bitcoin meet completely theirs. Not because I believed the gloom and doom predictions. So my mission is to say openly the truth and encourage all to turn their back to the panic selling or waiting for unreal low prices because of trolling, FUD, etc.

And as for lambie and mindrust, I believe they need some time to develop the right thinking. In this respect I said they are new to the Bitcoin world. Others learn faster. I needed only 10 months in the midst of all the fork and Chinese ban drama to develop my thinking and mental resilience both in losing and winning periods. But not everyone is the same. The problem is that the time is limited. And if someone is on the wrong track, soon he will miss the last oportunity for a massive profit.

let us hope he is using the famous never-come-back-airline 

My persona (or avatar) is no artifice!!!!!!!!



jo-squared!!!!!

Naaaah you good man (@mindrust)

Keep speaking your mind/thought cause thats why we are here for

And if people would think wrong or wouldn’t like what you think, Then thats there problem!

I would not be knocking shaving off strategies, because such shaving off strategies can be completely prudent, especially if a portfolio is considerably in profits and if a person's accumulation goal is achieved or even greatly exceeded.

Of course, if you are still in a largely accumulation stage, then you are going to be questioning other strategies, especially if you are having difficulties relating to their being in a different stage than you.

By the way, bitcoin has made me rich as fuck, and pretty much I can shave off 1% of the value of my BTC for every 10% rise in BTC into perpetuity, and it really is not going to end up eating into the value of my BTC holdings in any kind of meaningful way, it just gives me way fucking more fiat to spend on whatever the fuck I want., if I so choose.

I don't understand how I am bearish with all the charts I've shared.

There isn't a single bearish chart I shared in the last 6 months at least.

All I said was "If it drops below that level I am a buyer but I think and want it to go up." Corrections will happen just like it happened before. They may be big or small but they do happen and every once in a while they create a good buying opportunity especially in bull markets. Like it or not, they do happen.

I couldn't believe it when serveria called me a bear and now there are 3 of you guys.

I think you need to read my posts more carefully. I don't know how many times I repeated that we are in a bull market I am not going to quote those posts because at this point I am starting to think that I am being trolled.

P.S. Leave lambie alone.

First, it seems to be true that you have been a bit overly bearish and nearly cheering for the downside.

Second, who gives any fucks if theymos also happened to be calling for $3k?  That does not make calling for $3k correct or even reasonable.

Third, in recent times, lambie also seems to have a bit of a hard-on for bearish framings, just like ivomm mentioned/highlighted.

Yeah, but it is dumb as fuck, with nearly pure fantasy.

Get a grip, degxtra1.   

Well, I am glad that you sort of miss me, and hopefully you are able to catch up on everything  - not a bad thing to have a lot of balls in the air, as long as you are feeling that none of them are getting too out-of-control.  Look forward to seeing you in a few months, and insulting you in some kind of meaningless way, too.         

 

Well, each of us has to make a choice.  I know that I invested into a 401k plan that had employer matching, for well over 15 years, and I would max out that 401k plan to the tax deductible limit.  However I did not know about BTC druing that time, so I am not really what would have happened in those pre-2014 days. 

So, yeah, currently, if I was building my investments, I probably would maximize at least the matching portion of the fund first, and then consider whether I should maximize the tax deductible portion before allocating to BTC.  People might decide differently, but there is a certain level of attractiveness and even convenience to have a decent amount of your investment funds under one roof.

Regarding Armageddon, I am still suggesting that guys gotta be fucking super careful regarding how much credence that they are giving to Armageddon scenarios that are likely in the less than 1%  likelihood and h9ow much of their value are they investing into such a low likely scenario.

Do the fuck what you like, ultimately, but it is also good to attempt to grapple with the probabilities and don't be fucking investing way the fuck higher than the probabilities that you even assign to such events.  Yeah, if you happen to be an Armageddon nutjob then you are going to assign higher values to that so there is ONLY so much that normal people can  talk the dumb out of dumb, so do the fuck what you like if you are assigning higher probabilities to such situations.

Could say that, but I do love to think that nothing is impossible

7/10 nice but not perfect. I'm not into fitness girls and this girl seems to have done a lot of squats...    I prefer rounder, more feminine butts  

I don't disagree with you on the governmental desire to coin money. However, the next monetary crisis, there will be no backstop. They will be powerless when the value of any currency they can manage trends toward zero.

#deletecoinbase
#neverforget

Bro, don't compare and copy this pattern  from 2016! That was a bad pattern, caused by collapse of mt.gox. Which caused longer sideways movement after the bear market.
That's why many people think this bull rally 2019 from 3k to 14k was too fast. Because they compare this year's rally with previous start of 2016 bull rally. We are in a different circumstances right now and we will probably have a different pattern this time. Besides that, this pattern looks very unnatural, if you look the pattern from today's point to 2021.