Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9840. (Read 26608398 times)

A message from the future:

^That was just a sneaky way of bumping an ancient post of mine.
Now I can find it for future reference.
My apologies..... Right then...carry on chaps....

I liked the Asimov quote even better than the joke.

I don't think I can spend WOsMerit outside of this thread. The authority on WOsMerit is Toxic, maybe I should ask him when he's around. In the meantime, I won't reply in that thread out there. It's cozy in here.

+1 WOsMerit

it's not yours until that profit is taken and taxes paid (if you live in a jurisdiction with cap gains taxes).
Wall street refers to a large profit of a lucky individual investor as "a loan".

A deviation to the upside in most cases is followed by a deviation to the downside.
Taking a large profit  and/or not playing at all after deviation to the upside is the only way to beat the odds, IMHO.
The problem is WHEN to take such large profit. In AMZN you had to wait more than 20 years to get the 'full" benefit.
IMHO, Bob's strategy was brilliant: get in very low, then take out a large enough chunk to matter, ride the rest, at least for a while.

I’ve had about 3 bottles of Prosecco on my own.

My girl is fast asleep.

Trying to stay still & quiet.

Been snorting coke off the back of toilet seats since 8pm 

Speaking of Moses...

Blow is occasionally fatal, I'm told. Prosecco almost never is, but it's sure to give me a bad stomach and a bad mouth, and without moderation, likely a full blown hangover.

Please be doubly careful  

I’m OK.

Drinking Prosecco on my own to try & KO to get to sleep.

 

There are many different possible systems. You just find one that works for you most of the time, make all rounds similar in size, and you'll find yourself net green in the long term. Finding a system takes times and funds (the "lessons" or "classes").

The Hairy way is an excellent starting point, and not that hairy to implement after all (except for the judgment call).



OK, OK, brainwasher or ongoing counsel. A little judgment comes handy with any system.

My disclosure.

I have opened a new long - smaller, and higher entry point - after going practically even with my previous, ~2 week trade. Although small, it's making a tidy profit already. I've set two stops so that I pocket half of it if things go south by south-east, and the rest will be closed at break-even if things go true south.

If instead she goes up before going down, I can cash out, call it a day, put away the excess and start over. Alternatively, I can keep the game going by opening a balancing short. If I do, I'll "freeze" a decent level of profit while trying to tweak both legs to scrape/scalp a bit more while exiting. When I'm fed up, scared, tired or whatever, I'll close both legs and a fair part of the frozen profit will get back home if the legs will have been kept fairly balanced.

A pre-set plan with tentative future steps for up/down. Judgment deferred but eventually useful as always.

Hahahaha... That is probably a decent summary of the differences.

I do believe that my system does allow for a certain amount of overinvesting into BTC because it is a kind of fool proof that is good, whether you are a fool or not, and I would be too chicken-shit to follow your system because both I have little judgement when it comes to BTC price direction, and if I do develop judgement, my judgement tends to become so damned conservative that it would likely take me too long to profit from such judgement (in other words, my judgement tends to function as a lagging indicator).  

In other words, as you have already suggested, I prefer not making any judgement when it comes to BTC price direction predictions, but instead, just doing, which "feels good, man."   I also like to kind of over-invest in a system of buying BTC on the way down and selling small amounts on the way up that seems nearly fool proof, which has made me very, very rich....... and also provides me with decent downside insurance and upside spending money beyond my prior imagination.

Just staggered in 

3g of blow with my younger bro!

13k Mother Fucker - So fucked up right now 

Gotta admit to the humor, which caused me to wonder, what I had said, exactly. 

I thought that I had said that my mom gave up on BTC trading in around 2015 or 2016 after making a few failed attempts, and decided not to follow my system, to mostly HODL and she kind of became inspired by my mostly HODLing BTC, as well... but she decided to shave off some profits from her BTC after the price began to drop from $19,666 and she made her most profitable sale in around the $14k arena in late 2017. 

I would conclude that she seemed to have made a lot of money by a kind of "winging it" whereby she sold a decent amount of coins at nearly 30x the cost of her initial investment.. She did not sell all of her BTC investment, but instead she sold about 1/6th of her then holdings... or something like that.  I would hardly call that BTC trading. 

Could have been a fluke, but surely such a willingness to HODL situation becomes a lot easier, when the BTC prices had gone shooting up in 2017 and her actual HODL had lasted long enough for her to realize a decent sell spot for a portion of her BTC, even though she carried it out after BTC's December 2017 price peak.

Seems like I tell so many partial renditions of this story that even I get confused about which parts of the story I may have missed.  I had been thinking that up until now in total she had sold nearly 30% of her total BTC stash, but I am not really sure.  But I am pretty sure that the most profitable portion of her BTC sales was the one that she sold 1/6th of her BTC holdings at around $14k in late 2017.

There was also a kind of repeated harping theme from me towards my mom in the past 9 months or so in which I was reminding my mom that she was becoming more and more elderly and she better figure out some kind of a BTC cashing out plan to start to sell her BTC at a rate of about 1% per quarter.  She did not completely listen to me, because she delayed and tried to time the market because she did not want to sell any BTC in the sub $6k territory, if she could avoid it, but I think that my suggestion that she should liquidate some BTC had helped her to shave off about 3-4% of her stash around $11k since she had not sold any BTC during the whole of 2018 until just in the past few weeks or so when BTC reached $11k the first time this year.

If you can learn the difference between a bear market and a bull market (hint: we are in a bull market) then you can trade for a profit.  Dollar cost average in in a bull market. Dollar cost average out in a bear market.

If you can’t tell the difference, then sit on your hands.

This is the opposite of JJGs advice because you buy on the way up and sell on the way down.  The difference is JJGs system doesn’t require you to make a judgment call. Mine does.

And as Moses lifted up the serpent in the wilderness, even so must the Hodler: that whosoever believeth in Bitcoin should not perish, but have eternal life.


He that believeth in Bitcoin is not condemned; but he that believeth not is condemned already, because he hath not believed in the name of the only Coin.

And this is the condemnation, that light has come into the world, and men loved Fiat rather than Bitcoin, because their deeds were evil. For every one that doeth evil hateth the Bitcoin, neither cometh to the Bitcoin, lest his deeds should be reproved. But he that doeth truth cometh to the Bitcoin, that his deeds may be made manifest, that they are wrought in Lambos.

If aiming realistically and conservatively, it doesn't take a unicorn to do that. I guess more than a few such people are reading and writing these very pages. It doesn't even take a WO peep (well, just as a brainwasher maybe). Case in point: JJG's mom could do that almost in her sleep, but decided not to be bothered cause she prefers to enjoy life.

The Bitcoin and Egretia whales are colluding.You heard it here first....

nothing to see here

$1x,xxx bitcoin, same old ordinary boring ass shit. 

Totally normal.

Later wo bros... Gonna go fly my drone now and spy on the neighbors.
....2nd thought, I'd better not.
Drinking and drone flying not a good combo....

It's halfling.