Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
It is my earnest hope that the reemergence of sound money will cause corporations to finally look beyond next quarter's numbers.
bitcoin can and will change a lot of things. i doubt greed is one of those things. personally i am not the greedy kind of guy regarding fiat. but boy, when it comes to bitcoin i experienced me being greedy to an extent it started to make me wonder.
boeing got caught in the same trap as the german car industry: too big, too powerful, lobbyists too successful, decade after decade... that is one of the reasons why start ups sometimes are able to beat the behemoths. and yes my friends, that is also a part of the reasons why we will win the race for sound money. btc price in the vicinity of 10k per btc is actually a sign we are winning already.
Here goes my last merit.
It sounds like me. I never was a greedy guy regarding fiat. But soon after I went into Bitcoin, I became so jealous of those having 100+ bitcoins. I make everything possible, without going into debt to the banks, to invest all into it. I would be nervous with such an approach, but let's see if maybe you can clarify what you mean by "all in"?
You do have some other investments, like stock or real estate or bonds, no? So, in that regard, if you have some of those other investments, then you would only by "all in" with new investing?
I must admit that I have been focusing primarily on bitcoin investing, once I got into it in late 2013, and there was one time in about September 2014 (BTC around $380) that I was considering removing significant quantity of funds from my 401k (I had identified a possible way to accomplish such as a kind of rollover without tax penalties) which would have caused a near doubling of my BTC investment and thereby also bring down my average cost per BTC considerably, too, but I got chicken shit regarding over-investing in bitcoin and I had come to the conclusion that I had more than enough bitcoin in my holdings, and I really did not need to take on more risk (into bitcoin) by diversifying out of some of my traditional investments that, even though they had been performing mediocre, they were still largely holding their value (even accounting for inflation, etc).
Of course, in retrospect, I see that I could have made a killing with such a move to diversify out of some of my 401k into BTC, but at the same time, I am still content that I did NOT do it - because in my thinking, my BTC appreciation (even accounting for risk etc) has already been amazing enough, and such considerable BTC appreciation (without my really cashing out of BTC and rediversifying back into fiat based investing) has caused my total percentage value into BTC to become quite lopsided in favor of BTC, which I still conclude is good enough to ride out without needs to either rediversify back into traditional investments nor to engage in any kind of behavior that dilutes the stability of my traditional investments (that could largely sustain me completely, if I were to need to live off of them... but now they just merely continue to ride and to appreciate in value based on the traditional stock market and various traditional means of diversifying within those investments).
I too think that building such a strong support at 9.7-10.3K is huge. In 2017 for several months Bitcoin made 6x+ increase starting with the last long support at 3K. With a support at 10K we can expect either an explosive run to 50K+ or more gradual increases with other major resistances turned into supports. I am willing to wait untill we are above 100K, and gathering nerves and courage to endure all the coming crashes. I am convinced that 40K+ will be touched without much hype just by regular mass adoption. So what is the point in selling most at this price? I personally will be tempted to sell something for sure, because it is an important price goal for me. I will sell probably 10-20% just to buy land where to build my future house. I hope to be able to hodl until 120K or something, even if it takes more than 5 years for that. This is my hopium 
Everyone needs some hopium to live. No matter how dark or dull looks the present situation. There is always the hope. No troll, no chart, no government, etc. can steal my hope, if only I hodl firm! (After all, the other meaning of hodl besides the original misspel is Hold On for Dear Life.)
Everyone needs some hopium to live. No matter how dark or dull looks the present situation. There is always the hope. No troll, no chart, no government, etc. can steal my hope, if only I hodl firm! (After all, the other meaning of hodl besides the original misspel is Hold On for Dear Life.)Are you thinking that BTC prices reaching $120k in about 5 years or less would be sufficient in order for you to go into a kind of "fuck you" status? or at least to be able to live off of your BTC indefinitely without having a need or dependence on a traditional JOB?
Surely, a lot of us believe that there are decent chances that your hopium price could be reached within that timeframe, so it is not unrealistic... However, since "decent chances" is not the same as "a given", there are always needs to prepare for a lot worse scenarios, which makes it seem more than reasonable to label your tentative ideas (plan) as a kind of "hopium."