Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
Good morning Bitcoinland.
No real change... still sideways... currently $10380USD/$13679CAD (Bitcoinaverage).
C'mon Bitcoin, rise and shine.
Go Bitcoin go.
Are you saying you'd risk your money by keeping it in fiat in some bank? The term "money in the bank" is misleading unless the "bank" is your own i.e. Bitcoin.
I also question your hoping for the price of Bitcoin to drop anywhere near as low as $25k. That's barely higher than the current ATH.
It's more likely for the price to continue well into 6 digits and then perhaps fall down as low as $50k-$60k in the nadir of the next Bitcoin winter.
Just MHO of course.
No real change... still sideways... currently $10380USD/$13679CAD (Bitcoinaverage).
C'mon Bitcoin, rise and shine.
Go Bitcoin go.
I sell 1 bitcoin for price 50K while I really need only 25K. Wait until price falls to 25K, buy back the 1 bitcoin and keep the rest 25K in the bank forever. If the price doesn't fall that much, well this is a calculated risk. In my case this means 1 mil total profit in the bank. Not exactly fuck you status, but still enough to change my lifestyle.
This is the main idea, but with the calculator I can set precise sells at each percentage, so that I cover events like 45K down to 22K, etc. Only when I have a new lifestyle, I will sell almost everything for 6 mil.
This is the main idea, but with the calculator I can set precise sells at each percentage, so that I cover events like 45K down to 22K, etc. Only when I have a new lifestyle, I will sell almost everything for 6 mil.
Are you saying you'd risk your money by keeping it in fiat in some bank? The term "money in the bank" is misleading unless the "bank" is your own i.e. Bitcoin.
I also question your hoping for the price of Bitcoin to drop anywhere near as low as $25k. That's barely higher than the current ATH.
It's more likely for the price to continue well into 6 digits and then perhaps fall down as low as $50k-$60k in the nadir of the next Bitcoin winter.
Just MHO of course.
I gave those numbers as an example to clarify my calculator. I won't sell at 50K and rebuy at 25K, of course. But If I am satisfied with a certain price, say 100K, I sell something and after that a bigger dip comes, say 20-30% as programmed in the expample, I can decide to keep the profit into the bank or buy estate and after that to rebuy the same amount of bitcoins that were spent. My idea is to sell bitcoins only for a purchase so that I will be able to rebuy them back. If this fails, so be it, I will achieve my main goal. I would prefer to keep all my stash until I retire, but if all of my rebuy plans fail, then I will have to reconcile with the eventual loss and live with my fiat disributed into multiple 200K euro guaranteed by the EU deposits, half of which in euro, and the other half in USD (or CHF, whatever is still alive then). There are two things that I want to avoid - waiting until I retire to start travelling and living a better life, and the second is rebuying higher with a loss, like I did 3 times in 2017. I hope you understand better my point of view now. The truth is that my stash is too small and I have to wait for a really high price in the next 5-6 years.
