Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 13/01/2019, 21:28:17 UTC
Quote from: El duderino_ on January 13, 2019, 09:11:31 PM
Quote from: JayJuanGee on January 13, 2019, 09:06:50 PM
Quote from: bitebits on January 13, 2019, 07:26:53 PM
Quote from: JayJuanGee on January 11, 2019, 07:52:10 AM
Quote from: bitebits on January 11, 2019, 07:05:42 AM
OK Homer, I capitulate. If you somehow manage a themed hat I will wear it with pride.

Tempted to buy some, but I told myself for the first time to be disciplined and stick to a limit order 10% below ATL.
Perhaps the sign of the bottom reached, is actually myself. Let's see, happy either way.

I think that you are correct by 1) establishing your budget and your target buy points and attempting to stick to your plan and 2) assessing, from time to time, whether you believe that market conditions might justify that you tweak your plan to some reasonable degree.  Frequently, there can be a considerable degree of ongoing tension regarding whether tweaking is prudent or just to maintain the original plan.  Furthermore, the initial thoughts about tweaking might lead you to a compromise tweak, rather than the more extreme version that initially came to you.

My apologies JJG, double capitulated.
Seems like I am slowly going the Elwar way. Just can't help myself when at prices to be able to buy whole coins at once again.

I am a little confused about what would be the "Elwar way," exactly.

I did not know that Elwar had established a signature way regarding the accumulation of bitcoin, at least not recently.  He is known to be a bit of a large HODLer, and that he keeps a decent amount (perhaps too much) of his total investment wealth in BTC.

Surely, Elwar is also known for his seastead bent.....

And I recall specifically that in 2016-ish he made a pretty fucking BIG bet on BTC that involved proceeds from a house sale and ended up paying off BIG for him in the medium term, even though in the short term, he appeared to be putting way too much into bitcoin.

So, what are you referring to, exactly?  Are you referring to a practice in which you are putting a way higher percentage of your total wealth into bitcoin, or something else?


No.... That is generally not prudent for a vast majority of people.