Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 27/06/2022, 19:49:39 UTC
@JJG : just to be sure, what's a low coiner ?

Dear bitcoin please stay in 20s for 4-5 days more. I want to top-up on my next salary.

Yes, #metoo. Buy some and add some more steps to my ladder.

I try not to be too judgmental in terms of people making choices for themselves and even assessing their own personal finances to figure out how much to get into BTC ad to figure out their target BTC allocation level.

The best that I feel that I can do is to attempt to give some guidelines, such as:

1) get the fuck off zero or

2) consider a beginner level allocation into bitcoin to be anywhere between 1% and 25% depending on your assessment of the matter and how aggressive that you want to be

3) consider beginning with figuring out your various finances and psychology and starting with something like $100 per week investing into BTC, but of coursed, if you live in a location in which you only earn less than $2k per month, then you might not be able to afford $100 per week, and maybe $10 per week or less will have to do.   You gotta be careful in terms of not overinvesting after considering your own cashflow, which includes considering your expenses and having an emergency fund.

A low coiner is someone who is way underinvested into BTC based on his own various circumstances and could be anyone who accounts for the 3 above categories, but still underinvests. .even though able to invest way more based on his own circumstances.. .so it is difficult to categorize exactly what is a low coiner but just that s/he fits into a category of way underinvested, and not just merely whimpy but really whimpy.. overly whmpy.

Maybe if you describe me a hypothetical person, then I can attempt to judge at what level s/he would be a low coiner - even though no matter what it is difficult to get into the heads of any person...

For example, if someone makes $100k per year, and has an investment portfolio of $100k, even though I do not really know the other circumstances of such person, I would consider $1k investment into BTC to be a low coiner status, even though it does meet a kind of minimum threshold of 1% allocation of the investment portfolio.
Convince me otherwise.   Cheesy Cheesy Cheesy Cheesy

I want to believe this is a good start for the week as the price begin to surge high,

It seems to be a bit of a stretch of logical credulence to proclaim that we have been "surging" in recent times.

now that it giving a signal to rise this may be a little or the type on a large scale, but nevertheless we can quickly take a very good advantage of this week into day trading before the week runs out, i want to believe seeing bitcoin getting to around $22k to $23k before the close of the day with all indications been equal, we can still make it through while this places more opportunities for us in bitcoin to utilize.

You must be new here...


wait..


I doubt that there are too many regulars in these here parts that really feel much if any confidence to be "trading" in this price range, but surely whenever there is some stabilizing of BTC prices, sometimes enough time comes in order to re-establish the various order books.. and sure that can include both buy and sell orders.

I would think that anyone in BTC accumulation stages, should be buying regularly with BTC prices below the 200-week moving average.. Part of the problem that some newbies and BTC accumulators have is cashflow, but it does not seem very productive at all to be consider selling as a means to generate cashflow.. so buying seems to be the deal under the 200-week moving average and even within 10-20% of the 200-week moving average, it should be a no brainer.. maybe even anywhere between the 100-week moving average, still a no brainer, as long as the person is in BTC accumulation stages.

Where stage are you in 348Judah?  Are you accumulating BTC?  Are you trying to trade to accumulate BTC?  hard to know why you would consider trading to be valuable, unless we might get some better ideas about from where you are coming, because it surely is not obvious that trading is good in these prices unless you really know what the fuck you are doing and maybe that you acquired a decently high percentage of your BTC stash prior to 2021.