Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 05/02/2018, 04:14:07 UTC
Quote from: Nosk on February 05, 2018, 03:49:24 AM
Quote from: JayJuanGee on February 05, 2018, 03:30:09 AM
Quote from: Nosk on February 05, 2018, 03:01:11 AM
Quote from: FirstTimeInMining on February 05, 2018, 02:37:13 AM
Quote from: Ted E. Bare on February 05, 2018, 02:34:32 AM
Who's selling at these prices and why?
I sold short term at 8500 and bought at 8000, but I am gambling with money I can afford to lose.

Now just waiting for the recovery of market.

Well I can't stop wondering who the hell is selling at 40% of ATH.
Everybody who bought during the bull run would sell at lost. Those who bought earlier came before btc went full hype, so I think those guys should have more the hodler profile or similar.

So my best guess is, weak hands afraid to lose more than they already have money are actually selling at lost + whales dumping + guys speculating on the decreasing price as you do.

But all of that for one whole month of practically straight decreasing ?
Come on I need to breathe.

One magically new ATH right would please me so freaking much  Grin


What about you Nosk?  What is your situation?  You buying, selling, hodling?  Accumulating or already accumulated?

I would say that I already accumulated (since I mined a few in 2013 and then martin galed until ~5-6btc). I have hodl since. But after last december that I felt really dumb, having miss a beautiful oportunity. So now I trade a bit but I'm pretty shy in my orders. I have a feeeew selling at ~9k € in case of a bounce and Im initiating to shitcoins trading to earn more btc.
Currently dont want to inject my fiat in that, it would be too bad to sleep in the streets for the sake of hodling an accumulating Grin

I consider that most new BTC entrants go through an accumulation stage, and thereafter a maintenance stage, so it sounds like you mostly went through your accumulation stage already, and you are in a kind of maintenance stage.. and hopefully, you don't gamble with too much of your BTC holdings while you are in a maintenance stage..

Of course a maintenance stage does not foreclose BTC accumulation, but usually a sign of being in a maintenance stage is that you are not as desperate to establish your stake - and largely you have already acquired enough BTC in case the price goes up.

I consider myself to have taken about a year from 2013 to the end of 2014 for my accumulation stage, and I have been in a maintenance stage ever since.  I think that my maintenance stage has become more and more refined, but I don't think that my skills caused the refinement but instead the fortune of our most recent exorbitant price rise from $2,600 to $19,666... .. but yeah, we are back in the doldrums of $8k-ish, but did not stop me from feeling a certain level of comfort from maintenance refinement.  When we get to $100k (assuming we do at some point - perhaps less than 5 years?  perhaps?), then I will likely develop even a more "refined" perspective regarding the significance of maintenance.