Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9745. (Read 26652382 times)

I wondered that at first too. I'm pretty sure it's just a reference to the queue depth at bid/ask prices.

I only buy bitcoin to up my WO street cred.

You won’t learn much until you buy some and use it. Log off this board and go buy some VPN services using Bitcoin and you will understand.

It was a genuine question, as I'm unfamiliar with the term - what does "Wall Observer" mean?


Although I've expressed interest in understanding the application of cryptography, as has been done with bitcoin, I find it strange that your primary response is to encourage out-of-pocket investment in the project/experiment.

I am compelled to follow up - why should anyone invest in bitcoin? Fiat return? Future potential for fiat return? Value retention? Acquisition of secure digital assets/property?

Maybe a better way to follow up would be to ask why YOU'VE invested in bitcoin? Is it one of the above reasons? All the above reasons? Something completely different?


Maybe I am naive, but I do not see why this would be the case; can we not have valid and insightful discussion on the subject without being financially invested?


I'm not sure I believe that setting up an account on an exchange (and acquiring bitcoin) will do anything to further the individual's understanding of the technology itself.

Let me ask another question, what is YOUR understanding of the technology?

It is physically painful to be slowly drip feeding, dollar cost averaging, into a very large, multi-year leveraged long right now on super low leverage.  It hurts to buy and every day see you have lost a little bit more.

The greatest long term trades are always incredibly painful to enter.  This helps me to keep going.  And the companionship of this board and your brilliant jokes !  And my dollar cost average keeps falling.  So carry on.

Robinhood...lol


Translated into non-pr english:



Hi,

We dun fucked up. Your password wasn't even hashed. lol. Woopsies.


Sincerely,

The Robinhood Team

^
Nominated troll posting

BSV 14000 tps
Komodo 10000 tps
Xem 4000 tps
Eos 3000 tps
Xrp 1500 tps

Btw I thing my friend told me at 350-ish = he Said imagine this thing could rise crazy high with only a 10% chance of succeeding.... Then you must invest, and for him the % of success where much higher but nontheless imo you already should invest with thinking this.... might be b00ze talking now, and F*** mindrust go all-in bro, be more happy with your wealth in BTC as in crypto especially when there are no unexpected costs looking around the corner....

Goodnight!

HODL tight with me, be drunk with me on a F***ing Wednesday lol

Looking forward to tomorrow have 2 big things on shedule, 1 requires a HAT change (only for a few hours, 15K Will be back same day ) !!!!!!   

BtF***ingw

Whats the price, did’t check that sh*t for hours..... made me think, I can eat a Peach for hours, from which movie did that line come from..... its a bit older but amazing movie

Thirty nine degrees
BBQ, salmon papillon, rosé wine!!!!
HODLers life I guess



Now into drunk and midweek HODLsleep...... b00ze and wine got me good!


One day I Will master this haiku stuf.

You are so funny.
The world is going on the other direction. Boris, trump, marie le pen and all the others.

Wasn't there some point in which you asserted that you became enlightened about bitcoin in 2017-ish, and you realized that your 2013/2015 skepticisms of bitcoin were partly due to your lack of knowledge, that you supposedly subsequently fixed...

In other words, unless you reverted, you should be more enlightened now, in regards to bitcoin than you were in those earlier times, no?



Of course, everyone should have some fear and skepticism because there are a multitude of factors playing on bitcoin..... the good, bad and the ugly.


Yeah, and you later asserted that your non-investment in those times had been short-sighted.


Usually I recommend that folks invest 1% to 10% into BTC, so 20% is a bit much, but hey, everyone has differing circumstances.

Whether you should reallocate or not, might be another question.  Perhaps since you started out with a high amount, there would be more justification for you to reallocate, if you had only invested a lower amount, such as 10%. 

Those reallocation decisions are personal in nature, and partly have to deal with whether the remaining of your investments (outside of BTC) are sufficiently stable and some of them might need some additional injection of your BTC appreciation to make you, overall, more stable financially... Financial stability should assist you in being more psychologically stable, too.


You predicted it or wished for it?  Hahahahahaha.. I think that I understand, that you had presented ideas that $20k was possible... which is just a statement of what could happen, so maybe there is no need to read into that post of a statement more than it was?


Good that you are comfortable, generally.


You might be slightly over-invested.. but sure, I understand that sometimes people might invest a bit more than others and still be within a wide range of reasonableness.


I thought that you post began badly.. but overall, you seem to be in a pretty decent place, and perhaps, since you are somewhat over-invested, from my perspective, you will feel more comfortable not to have to FOMO chase the BTC price up.  On the other hand, you will still be kind of ready to buy more BTC in case the BTC price goes below certain price thresholds that you determine to be comfortable for yourself.

Well there are peeps who are balls deep into BTC already (LFC, goose, Bob, your humble servant etc) whose bags are full and who don't buy anymore (or do buy small q-ties). Many don't buy because they got their coins really cheap (3 digits or less) and can't force themselves to buy at $10k+. Then there are guys who believe in BTC but can't afford to buy as it will make them homeless or worsen their quality of life significantly. Finally there are lots of naysayers, nocoiners and simply ones who haven't heard about BTC.

Anyhow, I wouldn't say that this mechanism isn't working as we're now at ~$10k which is not that bad.      

I can speak for myself...

I am not going all in for the same reason I didn't go all in in 2015 or 2013.

The tech is still new I am kinda afraid. It is not like in 2015 but this is more of a general fear. I am not doubting bitcoin itself. I don't have any suspicions about bitcoin's tech and its fundamentals. Some external factors are which give me fear. They are mostly governments and regulations and similar shit.

Till 2016... I almost never invested in bitcoin from my own pocket. At least not any considerably big amounts.

My fear barrier almost completely disappeared after the  $20k ATH but I started buying in early 2017 mostly. (from $2k-$3k era) As of today, without counting any profits I made from BTC, I invested %20 of my total networth into BTC. (of course that %20 became a bigger number now since btc's price is above my average cost) In 2015 that was %0. In 2016 that was like %1.

When Bitcoin went above $1200 and then went even beyond $2k that's when it hit me in the head.

This can go to $20k in that year, 2017.
https://bitcointalksearch.org/topic/we-did-it-it-is-20k-we-are-still-not-in-a-bubble-20k-is-incoming-1932892

It did.

Now I feel very similar.

This can very well go above $50k, and maybe hit even $100k.

The situation I am in now is quite comfortable.

If it goes down too much, I have the funds to strengthen my position (my DCA's will buy more coins) or the stomach to watch what'll happen next without losing my mind. This is all because I am not over invested.

If it goes up, well it is just party time.

I remember it like yesterday I was thinking about buying from $5k but didn't want to. (actually I bought quite a lot from $5k, but what I really mean, I could have bought a lot more) Of course I am not happy with that decision now.

Why am I not going all in? Risk management. I need my sanity too when it reaches $100k.  

I'll just follow the plan I made when I started this journey. Not going to change plans constantly, from my experience, I can say It always ends badly.

You were here in December 2017. Market frenzies are not rational. 

I think that you are attempting to place too much weight on these kinds of tools, including your last point that seems to be the most valid one.

When we have early stages of adoption that is likely going to involve exponential growth, you are not going to get people buying now in anticipation of that because they are uncertain that such exponential growth is going to happen, so the s-curve exponential growth is a mere probability, but a lot of us who have been in bitcoin for a decently long time, already have the advantage of the asymmetric information, so we already buy early, buy often and buy as much as we are reasonably able to buy (of course, even we have our doubts, so we do not want to over invest).  Accordingly, we also have to wait for others to come on board, and they are going to be driving this snowballing effect into the future.  Again, the future is not a certainty, it is merely a high probability that becomes more of a certainty with BTC passage above certain adoption thresholds.... which are also not certainties... but likely.

A lot of us HOLDers feel good about our asymmetric information and our asymmetric investment.. that does not just shoot up, merely because a lot of us know about it.  Should not be that difficult of a concept to get.  What's your BIG boogaloo about it?  Are you going to invest 100% of everything that might have 60% odds? and yeah, it is a moving target, too, so the odds become higher or lower with the passage of certain events, but BTC remains a great investment.


Exactly!!!!!  Great additional point.  Supposedly sophisticated investors don't hardly know shit, which supports a considerable likelihood that pricing in is very difficult to achieve.. even with one aspect related to BTC supply that is clearly known in advance.... but then the demand side is not quite as well known, is it?   In other words, supply side is decently known (but not completely), but even if supply is known, demand-side is largely inferred, and could be wrong, too.

Then you should address your question to the person who put this model together:

https://stephanlivera.com/episode/86/

Go to minute 29:00 onward, PlanB is going to answer to your question.

jbreher is right: People is simply not aware of the model and the halving effect on the stock to flow.

In my monthly blurb of Jun I also commented on the fact that, apparently, a good percentage of Greyscale investors ( i.e. "institutional money", people that should be professional investors and know every minute details of their investments) don't even know about the halving!

Lots

I don't think it is HIGHLY likely... just somewhat likely. But you must take into account that:

1) This is an extremely risky investment which could perfectly go to zero in a snap (even if that risk gets smaller over time).

2) This is also an extremely volatile asset. It could perfectly reach $100K in a few years AND go to $1K some time along the road (not comparing the likelihood of the two events just saying both are possible).... so that means some people could be waiting for a lower price and/or a moment in which the prospect is better).

If $100K were a SURE (or almost sure) thing in less than 10 years I would be selling ALL I have and going full retard into BTC. It isn't. It is just somewhat likely... IMHO.