Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

I don't see this as a major push yet, at least until the Chinese fud settles.

YEAH!!! Our current BTC price range is still $3,400 to $4,300.. so yeah, even though I am getting a little excited about the BIG jump of this latest $100 plus jump - touching on $4,100, I think we gotta be careful about getting overly anxious until we either break out of the price range or get really close to breaking out of the range.

Of course, there are other theories out there, too (more bearish, that's right), and I think that some of the bear predictor FUD spreading folks did not really expect us to go anywhere meaningfully above $3,700.. .so we are doing pretty good from that less bullish perspective, no?

just sell your farm and buy bitcoin already! :-D weeee $5000 close now bud^

hahahahaha

I am too chicken shit for that. For the large majority of the part, I do not buy BTC when the price is going up and I do not sell when the price is going down... in other words, I am already in.. and i am ready for $5k, but if we shoot all the way up to $10k, I am going to get anxious and be hoping for a correction to refuel..

myself, as to this particular year, being too good, (4.15 ltc to 50 buck ltc) IF I were to sell my mining farm....and equip I've deducted..I'd have to pay the taxman 50% of whatever
I got for it...better to just run them into the dirt/doorstops....that is the main reason you don't see a lot of miners sell and buy bitcoin

(once you are on the treadmill, its hard to get off) Sad

On the other hand, in 2015 I lost my ass on ltc coin price etc, the hedge was scrypt pow miners, I used the following year, thus scored both years...with equip hedge with this
as a business....goes around comes around..my year to pay taxman or I need to find a lot less dubious equipment before the end of the year than bitmain is offering

anyway, why I run equip down till space heater status...