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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
If IBIT & FBTC allows redemption/creation that is not taxable, it would be quite interesting.
So far, of all the stocks currently in my various IRAs, etc. IBIT/FBTC are the best performers by far, vastly outperforming COIN, albeit it you bought COIN in late 2022, it would have been almost a 10-bagger too. I switched to IBIT/FBTC from GBTC, practically without any discount whatsoever, contrary to what most people were proselyting here.
So far, of all the stocks currently in my various IRAs, etc. IBIT/FBTC are the best performers by far, vastly outperforming COIN, albeit it you bought COIN in late 2022, it would have been almost a 10-bagger too. I switched to IBIT/FBTC from GBTC, practically without any discount whatsoever, contrary to what most people were proselyting here.
I did a reverse saylor with my mstr, sold it and converted to Ibit back aways. Can’t remember exactly but it was like buying Btc at under 20k when we were in 50-70k chop. When I’m near my sheets will look it up.
I have a bit of MSTU and conl deffo in money but will prob sell them this year at some point.
Wouldn’t touch gme for now but might consider it, I do much prefer to be my own custodian barring some etf ownership
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Weekend pump boiling,
An Excitement in the air,
Ready for lift off
#sundayhaiku
An Excitement in the air,
Ready for lift off
#sundayhaiku
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by philipma1957 (1)
Took a really nice break from Btc observation activities, and went and spent some time out there in the real world.
Glad to be back but at the same time going to try to keep my price checks to a minimum, feels way more healthy
Keep stacking!
Glad to be back but at the same time going to try to keep my price checks to a minimum, feels way more healthy
Keep stacking!
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by OutOfMemory (1)
Philosphical question:
What is the bigger mistake?
(A) Fall in Love (when you don't want to)
(B) Sell Bitcoin (when you don't want to)
To clarify: I did neither. So this post is not a mindrust signal, tbc.
What is the bigger mistake?
(A) Fall in Love (when you don't want to)
(B) Sell Bitcoin (when you don't want to)
To clarify: I did neither. So this post is not a mindrust signal, tbc.
Damn you with philosophical questions, I initially went with A but then went to straight to dark place of divorce and it causing you to B. Along the way too you might be tempted more to B too to create your new life together however really thinking about it at least happiness is in outcome of falling in love and can you really put a price tag on that? Philosophically speaking ;-)
⭐ Merited by JayJuanGee (1)
What I understand from @Popkon6 statement is that DCA help anyone wants to save BTC consistently according to the specified target. And this DCA strategy means that an investor will only make purchases every week or month with the same amount and does not care what the price as long as it has not reached the target. So, there is no influence on the impact of market downturn.
It is not necessary to invest with the same amount of money. It is okay to buy consistently every week or month in the DCA strategy, but there is no obligation for you to buy the same amount. You can increase the investment amount in any month/week if you want or reduce it if necessary. It completely depends on your ability. Investing in the DCA strategy means that you will invest continuously in any amount for a certain period of time depending on your ability and hold it for a long time.How it possible to use DCA strategy with different amounts every week or month? It seems to violate the pure rules of DCA strategy.
I may understand your statement regarding investing with different amounts. Because there may be an investor who does not have a stable income. But with different amounts you will have difficulty in calculating the all amount profitability your investment. While the DCA strategy helps us more easily calculate the amount our investment without looking at our assets.
As JayJuanGee often does when calculating the total investment using the DCA strategy using DCA calculator. Then how do you calculate your investment when using the DCA strategy with different amounts?
Quote
In terms of the amount of money, if you have the ability to invest the same amount every week/month, then you can definitely invest without making any change in the amount. But if you have difficulty in maintaining the same amount of investment or you are unable to do so, then it is not necessary for you to maintain the investment amount. Invest as much as you can from the remaining money after meeting your daily needs. There is no problem in increasing or decreasing the amount of money as needed. However, I would advise you not to reduce your investment amount unnecessarily and not to invest more than you can afford. Invest in an amount that you feel comfortable with
If you see my previous reply, I once said that if anyone is interested in investing in bitcoin using that strategy, they should really think about strong consistency to buy the same amount and use the amount that they can afford to lose. Even using $5-$10 is not a problem as long as they are consistent. Because, by being consistent they are able to calculate all their assets more easily.Even if you have a larger amount to invest, it is not necessary. We just have to stick to the commitment and be consistent which will not make it difficult for us to implement the strategy.
What Shadiq said is correct, and what len101 is mostly correct. I have fixed amount I budget for dca but sometimes stuff comes in real life, some good some bad. I had an unexpected windfall two years so I increased my DCA amount temporarily over a 3months period(I could have else lump summed too but decided on dca). Alternatively something bad could come up where maybe you have no other choice but to reduce your dca temporarily(consider it was bad enough to reduce your liquid emergency fund, so now you need to go look for liquid in other place like your investment outflows to start rebuilding your emergency fund) There is no hard and fast rule about using the same amount but you should have some written rules in place for yourself for unforeseen events good and bad when they come up. Ideally you only want to trigger these in extreme cases specifically any reduction.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Exciteees still loading
I think I may be even more happy about this next push over a 100k than I was the first time. Even back then I was proclaiming last time buys in the 90’s and ya know what I’m feeling more and more each day now this last time in the 80’s for a while, hopefully for ever but you never know with the honey badger!!!
I’m sitting in a bar on a Tuesday evening, life is good isn’t it funny like that there is some ups and downs of rl and you just go through motions and come out the other side a different better person. It’s bit like Btc cycles, another lesson learned, a feather in our caps and you just carry on doing what ya do. I look around this bar and these folks have no idea of the exciteees and what’s coming, but we do
Time for another beer :-)
I think I may be even more happy about this next push over a 100k than I was the first time. Even back then I was proclaiming last time buys in the 90’s and ya know what I’m feeling more and more each day now this last time in the 80’s for a while, hopefully for ever but you never know with the honey badger!!!
I’m sitting in a bar on a Tuesday evening, life is good isn’t it funny like that there is some ups and downs of rl and you just go through motions and come out the other side a different better person. It’s bit like Btc cycles, another lesson learned, a feather in our caps and you just carry on doing what ya do. I look around this bar and these folks have no idea of the exciteees and what’s coming, but we do
Time for another beer :-)
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
It’s about time to get this ******* bull run started.
@JavonM1
You. Were. Warned.
BTC
https://x.com/javontm1/status/1903195046800937243
@JavonM1
You. Were. Warned.
BTC
https://x.com/javontm1/status/1903195046800937243
Bring back the exciteeeeeeeeeeeesssss!!!!!!
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
Here is an idea:
Bull market ends when MSaylor raises $100 bil at 150k/btc (and with a 8% coupon), btc pumps to 200K at which point MSaylor releases the cash, btc jumps to 250K and a week after it is halved to $125K and in another week to $99K...MSTR stock is decimated (from $1000 high) 'cause MSTR has no cash flow to pay that coupon and the bear market "begins" in earnest.
Destination: 62-65K (the usual 75% off)
Bull market ends when MSaylor raises $100 bil at 150k/btc (and with a 8% coupon), btc pumps to 200K at which point MSaylor releases the cash, btc jumps to 250K and a week after it is halved to $125K and in another week to $99K...MSTR stock is decimated (from $1000 high) 'cause MSTR has no cash flow to pay that coupon and the bear market "begins" in earnest.
Destination: 62-65K (the usual 75% off)
I’m ignoring everything except the 250k speculation :-) Agreed
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by vapourminer (1)
NO CAPITAL GAINS TAX EXEMPTIONS EXPECTED AT WHITE HOUSE CRYPTO SUMMIT: PUNCHBOWL REPORTER
REKT.
Bitcoin is dead.
REKT.
Bitcoin is dead.
What a hedge statement could read that as no it won’t or no it will. Also if ya go back time some x poster joked about this in relation to a trump post then the news sites picked up on it and now it’s somehow become “news”.
Sure would be great if it happened but wouldn’t it cause Roth/ira outflows from the Btc etfs, since being your own bank is now un taxable.
If ya rotate it clockwise by 90 degrees and kind of squint a bit it looks like Trump. Clear bullish signal
⭐ Merited by JayJuanGee (1)
Time for my last update this year
Market lowest Dip prices (Bitstamp USD$ prices on the daily chart)
06 Sep $52,546
10 Oct $58,867
05 Nov $66,798
From my own DCA & purchase data, looking at the lowest cost price around/near/on those dates I got corn at these prices:
Sep $53,684 (DCA)
Oct $59,197 (DCA)
Nov $87,972 (DCA)
Keep stacking :-)
<snippage>
First update of the year w00tin' & t00tin' into 2025. I wrapped up 2024 and had over-accumulated my target. I decided to keep going until Dec 2026, I fixed my budget of 2025 and have a loose one planned for 2026. I will be continuing DCA as main accumulation strategy and some dip buying along the way.
Market lowest Dip prices (Bitstamp USD$ prices on the daily chart)
30 Dec $91,315
13 Jan $81,964
28 Feb $78,197
From my own DCA & purchase data, looking at the lowest cost price around/near/on those dates I got corn at these prices:
Dec $95,808 (DCA)
Jan $91,584 (DCA)
Feb $79,689 (DIP)
Keep stacking :-)
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
how to remove duplicates
I am not an expert in technicals but usually 0.5 and 0.618 fib levels indicate strong reversal after correction (which is natural in the markets).
edit: this is btc/usdt weekly chart
At this stage it is not very relevant and there is obviously some kind of a lemming-like panic.
Who knows what caused it...maybe certain "meme" coin, perhaps.
That said, I see the same strange behavior in some stocks, especially small caps.
Some report OK or even good earnings and good prospects...and are being told to "die", essentially with 30-40% decreases.
The relative "calm" of the indexes is deceiving, imho.
BTW...I read some vibes about the singularity in 12 mo..who knows..maybe markets are trying to "price it in", lol.
https://www.popularmechanics.com/science/a63922719/singularity-12-months/
I read something today which for the life of me I can’t find but if I do will edit it in.
The general theme was trump is crashing the market, he is making all his moves and feints pretty public and driving the fear factor. He is shaking retail out plus weaker hands. In a while M2 supply will be created(printer go brrr) and the rich/smart money will come in and scoop things up at ultra low pricing. We will find what was a feint and what was move way after the fact but the “fear” damage has already been done.
This was in the context of this strange behaviour in stock rather than Btc but definitely extensible somewhat I think. It’s a smart move, and if it turns out to be correct you just know he will claim credit for it going back up(cause the problem, celebrate fixing it)
Dang I wish I could find it they explained it way better than I tried. IMHO Saylor knows this, and it was what Elon was referring to when he said it’s gotta get worse to get better.