Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 07/11/2018, 08:49:28 UTC
⭐ Merited by bitserve (1)
Actually, I didn't mean I was going to put an animated pacman on your hat but... good idea.  I was just trying to show you that everyone was wearing avatar hats except pacman... anyway, no pressure; that's not how we roll in the WO thread.  Our methods are much more subtle.


Woosh! Now having a better look, too good!, well done.
I will be patient and wait until one day I earned one. Thanks.

On a different note: For the first time I tried to be more disciplined in accumulating some more bitcoin: put in some greedy laddered limit orders all the way down to $5500, instead of just entering a limit order close to the spot price.

Would have thought I would then be happy both ways: price goes down = more bitcoin, price goes up = more dollars. But I am not. No clue what to do with this virtual profit when price goes up. But I still damn love putting those extra bitcoins in a cold wallet, safely stashed away from bankers, hedge funds, Wall Street and governments.

I got emotionally, technically, politically and economically involved. I know, but Bitcoin has become part of me. It represents so much more then the wealth it has given me as a tiny little individual.

It seems to me that it is easier to sell off a few bitcoins when the price goes up when you feel that you overinvested a little bit... so then you don't feel so bad to convert a few coins back to dollars when the price goes up.

I am not talking about anything outrageous, just attempt to be reasonable.  Let's say that your goal was to acquire 5 coins, but instead you acquired 6 coins.  Therefore, you don't feel bad to sell the one coin off, little by little up until whatever price point you set for yourself.. even up to $20k or $30k, you could sell small parts of it on the way up.