Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I've been speculating a lot lately especially about what might happen when BTC150k140k compensation is released to MtGox victims. What calms me down a bit is (in my mind) they're not going back to the spot market to make a big dump. To be sure each of them has a large number of bitcoins and worries it will be a problem a second time when they transfer everything to a centralized entity that is more bureaucratic than in previous years.
I doubt that the individual holders would create much if any negative pressures on price; however, there have been some centralized entities that bought thousands and thousands of claims, so the centralized entities will be receiving BIG stashes and had previously stated that they would dump - but saying you will dump and actually dumping might be two different stories.Found one, you mean like Fortress?
Wall also said that some people have chosen to sell their claims to Fortress
I haven't learned how this business service works, I think they have offered themselves to MtGox as a repayment line.This means it won't change previous concerns that lenders will pool their bitcoins mostly back into one service although the way compensation will be distributed will be gradual.
Yes.. it seems that Fortress is one of the bigger buyers of GOX coins.
My point was that if one entity receives a bunch of GOX coins that they acquired for relatively inexpensive prices, they have a certain business incentive to dump the coins and to lock in some of their dollar profits.
Yet, it is also possible that over the years, that company may have smartened up in regards to the value of bitcoin and even come to understand that there might be greater value in selling on the way up rather than trying to tank the BTC price.
I believe that, a lot of speculation about in 2024/25 bitcoin will explode maybe our plans will be longer considering the bitcoin limit will never stop rising.
Speculating about the future I think explosions are bound to happen like rockets.
Oh my friend at least 1 btc in 2024/25 that I want to have for the achievement.
If your only target is to have 1 BTC in 2024 - 2025, then try to set aside your money from now on slowly by buying Bitcoin in the market. Because over time the amount of your Bitcoin will definitely become more and will be more than 1 BTC if you don't hesitate to buy it from now on to keep it until that year. Because I also think that prices that are still relatively cheap like now will not last too long on Bitcoin.Speculating about the future I think explosions are bound to happen like rockets.
Oh my friend at least 1 btc in 2024/25 that I want to have for the achievement.
For sure a large number of folks have a similar dilemma when attempting to accumulate BTC in terms of what cashflow that they have today versus their realization that in the future they are not going to be able to buy as much BTC for their fiat as they are able to do today.. and not everyone is ready, wiling and able to get a loan on that prospect either.
So the best that any of us can do is to attempt to engage in a version of DCA accumulation that is sufficiently aggressive in order that we can attempt to reach our BTC accumulation goals, but not so aggressive that we are going to screw up our finances along the way by overextending ourselves and then having to dip into our savings (investment) at a time that is other than our own choosing. Another problematic aspect is the temptation to try to time cycles in such a way to buy less when the price is going up and buying on dips, but that is likely a risky approach too because we cannot determine if there is going to be any benefit in waiting and then being forced to buy BTC at higher prices because we had waited too long to sufficiently establish our BTC stake (or even to add to our stake at lower BTC prices).
~Snip~
'splain ur selfie a wee bit MOAR better.
What's your references? Context?
i drew with tradingview.com sir.hehe for my new journal for a correction as you question.this is interesting because it's new.and learn from the thread you responded to before here.i learned to observe just a few months with tens dollars that I have. and the initial steps of this thread are so helpful. honestly the bitcoin chart is making me bored for a while. maybe usd and stable coins have not been touched while waiting for DCA'splain ur selfie a wee bit MOAR better.
What's your references? Context?
Surely, I don't have anything against your sharing your ideas, and it is much better if you can attempt to explain how you arrived at your conclusions, even if you end up being wrong.
If you are wrong but you are not arrogant about your opinion, then you will likely be able to learn from the process of back and forth sharing of information, and surely a lot of us have similar questions regarding how and/or when to make our entrances into bitcoin - even if our investment amounts are not a lot.
Another thing might be to attempt to figure out how you might be able to get more cashflow because waiting to invest $10 can be a pretty big waste of time since it is is not very much money and it would be a very whimpy approach, so if there are any ways for you to increase your cashflow to be able to get $10 per week or even better yet $100 per week that you could invest into bitcoin, then that will likely be better in the longer term even if it takes you 10-20 years to build up your investment portfolio.
Also, you will likely find that the more skin that you have in the game, then the more likely you are going to be able to understand and interact with the information from more of an interactive perspective.