Post
Topic
Board Speculation
Merits 3 from 3 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 17/03/2025, 05:12:46 UTC
⭐ Merited by AlcoHoDL (1) ,vapourminer (1) ,Hueristic (1)
panic threshold
whats a panic threshold?
Zero might cause panic, yet I am sure many of us would start panicking quite earlier than BTC spot prices getting to zero, such as at a BTC spot price that is more than 50% lower than the 200-WMA, depending on the reason for the BTC price to be going so low.. (right now, 50% lower than the 200-WMA would be about $22.5k).

One of the things about the BTC price going lower, is that if we had not sold earlier, then it hardly makes any sense to be selling upon some outrageous price dips, so many of us would keep buying BTC on the way down, yet at some point, we also would end up running out of money due to our having had kept buying.. and then maybe we would thereby resort to DCA buying, yet at some point, we might start to lose confidence and start to consider that we have no more money to keep buying..

Would the stop buying be panic?  I am not sure.   Probably panic then comes from converting into selling, rather than just HODLing through it.   I wonder, which ones of us panicked during late 2022 when at $15,479, we had temporarily gotten down to 36% below the 200-WMA?  Did any of us panic in late 2022 without disclosing?  I recall Philip gleefully selling BTC in the lower $20ks and gleefully buying and promoting the buying of T-bills (or whatever those scam dollar-based products were called) during that time, which could have had been a disaster for some folks, to the extent that there might have not been limits on the buys.

I heard others, besides Phillip, mentioning getting T-bills because they had a 5.5% interest rate or some other nonsense lure, and I still suggested that anyone with money should be buying bitcoin rather than that dollar-based crap that likely would not even keep up with the ongoing debasement of the dollar including that they had more than a 6-month lock-in period.
I did not sell even a sliver at 15.5K, but I also did not convert my $$ stash into bitcoin...just for the purposes if diversification.
I have a money market allocation that I only add to and not deplete (well, sometimes I sell the interest).
It paid 4-5.5% in the last couple of years, but, mainly, it is some kind of insurance against catastrophic losses.
In other words, even if stocks and bitcoin both go to a small number and I lose the job, I can survive, assuming no hyperinflation.
The stash was "inspired" by the insane bear of 2001-2002 in tech stocks. I decided that i need an anchor against volatility.
So far, it worked out well against the mindrusting thoughts.

The way you phrased your practice sounds more than reasonable, and surely each of us has to figure out how to balance our various allocations, whether we ONLY have cash and bitcoin or if we might have other kinds of investments.

I frequently suggest that beginner investors can start out with merely having bitcoin and cash, and they do not need to have any other investments, at least when they are starting out.  If they already have other investments when they are starting out, then surely their other investments are going to help to inform them in regards to how much they might consider if they need to allocate out of any of those other investments, to maintain them or even to invest into both bitcoin and the other investments.

Guys who already have other investments at the time that they come to bitcoin, may well not want to give up on their other investments, yet they still might be faced with questions about whether to keep investing in those other investments or to focus on building their bitcoin investment... I am not going to claim to know the answers for a variety of scenarios, yet I know that my own discontinuation of a certain kind of employment in late 2013 at around the same time that I was starting in bitcoin caused my not having as much of a dilemma as I might have otherwise had if I might have still had the option to continue to invest in my then 401k. 

So instead of my continuing to invest in my already existent 401k, I started to put that value into bitcoin, so bitcoin was a good supplement, and I had considered my bitcoin investment was going to have to also catch up to what would have had been more than 20 years of my earlier investment - so I did not have a problem focusing on bitcoin  for a least the first whole year, and then my focus on bitcoin ended up continuing beyond just my creating my initial stake into it over 2014.. so then I developed new ideas about what role bitcoin was going to serve as a complement to those other investment (part of which was the 401k that I was not going to be able to continue to add value into, unless I converted it into self-directed or attempting to take some other kind of a roll-over approach.

Sometimes our circumstances will help to guide us in our allocations, and sure, even if we have choices within our allocations, we still might end up with a certain amount of luck in regards to how several of our choices end up playing out, in my case to attempt to focus on bitcoin and to get my bitcoin holdings up to a certain size and then to figure out some new plans after that based on my learning some new systems of risk balancings along the way.. .and some of them, I just tailored to my own circumstances and somewhat creating some variations of my own systems that largely allowed me to both tinker while also attempting to custom-tailor the approach to my own personal variables (which were some variation of my attempts to account for these 9 factors)

still hodl-ing. 3 or 4 bitcoin years left.
i was thinking that if there is something that we know will happen eventually, no matter how difficult the process is, we cannot give up on it.

bitcoin will make it eventually. confidence in the process. HODL
You just don't get it.

Yep... I was a bit confused by that post, too.... so when I looked at his registration date, I saw mid-2024, so then if he thinks that a person can merely invest into bitcoin for 4 years and then end up in "profits"  that seems a wee bit strange, even though surely there are a decent number of people who consider bitcoin as a trade rather than an investment or alternatively, they believe that if they plan their trade to be longer than 4 years (to get in and then to get out), then it becomes an investment rather than a trade, and they would not be accused of trading, even though that seems to be how a decent number of folks approach bitcoin, which seems to contribute to a decent number of folks to sell too many of their bitcoin too soon, and then later to have regrets about not have any coins and/or not having enough coins.

panic threshold
whats a panic threshold?
What?  Panic threshold?
Take control of your sphincter.
Buy the dip and hold.
Zero might cause panic
Lol, yeah, a bit.  The only thing that could cause bitcoin to go to zero is if a quantum computer was somehow capable of hacking into satoshi's stash.  I expect that we would be upgrading our blockchain (and possibly our private keys) to prevent that from happening long before the possibility of such a vulnerability were to exist.

I think that the scenarios for bitcoin going to zero are low, but the go to zero scenarios are likely not limited ONLY to quantum computers scenarios.

buddy is lining up 🆙 some sub 80k dip

Don't pray too hard for your dip (that might not happen), since it seems to me that we cannot know if Buddy is lining up for sub $80k or not.

bitcoin will make it eventually
As Heuristic said above
You just don't get it
She made it already
(That's right - I don't feel like haikuing today.)

#haikupotential
#maybetomorrow
#procrastinate


You just don't like being predictable.

Who would?

Yeah I just stacked some today.

Pile needs to grow.

Huh?   I still don't believe that you figure out bitcoin, yet.  ...even though you are showing good signs that bitcoin tends to be a good thing to have.

Ultimately, trading is not a good approach when it comes to dee cornz.. .. but yeah, it seems that you cannot help your lil selfie - it's likely your inner gambler. (or some other ingrained defect?  hahahahahaa).

Define "take a flyer", how much ?
10 coins .
I live in the USA. My wife and I are pretty much locked into the system.

If trump alters the USA IN A way that it looks like he could.
He then one of his kids could be in charge for 12 years.

If that happens Trump coin would do well.
I can afford to buy 10 coins and forget about them.

That is pretty retarded... but sure, maybe it will work out for you.

I said that it was pretty retarded to buy Ethereum at $5 in 2015 (or whenever it was that they were being promoted to be in their earliest days of launching), and look how that played out for poor widdo me who did not buy any of that crap?  I became somewhat bitter about that crapcoin - a hater rather than a celebrator of that thingie..