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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20904. (Read 26695880 times)

legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
It seems Bitcoin slowly discovers why centralization in the financial system exists to begin with. The blocksize voting of BIP100 isn't that dissimilar to how a central bank operates.

Votes by a few mining pool dictate an important financial factor, just like in the central bank certain financial institutions get to vote on the decisions.
It may not make sense to regulate that particular one - the transaction count per time period, but nevertheless it is what it is. It's simply more practical.
legendary
Activity: 1456
Merit: 1000
anyone notice that in 30 minute bitfinex chart there is inverted head and shoulder, target price is 268 Huh
where you know the target price is 26*$ ?
can you give me source about it ?


this




@30 minute bitfinex chart, the head is 196, the neckline is 232.   232-196=36, 36+232=268
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1092
Merit: 1000
My guess is we're going nowhere unless some miracle happens and criplecoiners see the light or some macroeconomic disaster strikes.

luckily you guess wrong.

"The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of Gavincoiners is to disregard the first lesson of economics."


right.. like there isn't another choice to migrate too when "cripplecoin" fails.

sr. member
Activity: 344
Merit: 250
It seems every time I set one, the market magically dips to that level. IS this intentional?
Not unless the exchange itself (employees of Bitfinex) plays against you.

I notice on Bitfinex it doesn't show your stop loss as "hidden" even if you choose hidden.
I don't think stop loss orders are ever supposed to be visible.

Is someone able to see these stop losses? And use their capital to exploit them by dipping the price just so you're stop loss activates and then buying it up again?
Because that is what seems is happening. And how do they do this? I'd like to do be able to do this in order to understand it.
It may be easy for someone to simply guess where the stops are. You should avoid placing them on obvious numbers.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 420
Merit: 250
Got a question about stop losses:

I trade(d) on Bitfinex. ( It's getting late in the game and i'm running out of funds.   Cry i'm not investing another penny in crypto until I turn a profit on my current investment. So that means it will be a very long time - if ever. )

I made mistakes not using stop losses at first, but now my stop losses are the ones making me loose.
It seems every time I set one, the market magically dips to that level. IS this intentional?
I notice on Bitfinex it doesn't show your stop loss as "hidden" even if you choose hidden.

Is someone able to see these stop losses? And use their capital to exploit them by dipping the price just so you're stop loss activates and then buying it up again?
Because that is what seems is happening. And how do they do this? I'd like to do be able to do this in order to understand it.

If my stop loss is too big, i'll not gain anything, if it's too small it will not pick up any momentum. Third problem seems to be the rotten people purposely activating my stop loss.
sr. member
Activity: 420
Merit: 250
Futures settlement party starts the right shoulder of an inverse head & shoulders reversal pattern. High volume buying on Stamp this week. Asks thinning out while bid sides firming up.

Get 'em if you want 'em; not much selling left to push the price down.

(imo)

This.

If you believe the price will go up, buy. If not, don't. Waiting for it to drop $2-3 when we're waiting for a pump is a bit strange to me.

But, by all means, feel free to come here and bitch about how you narrowly missed your buy in price when we're $30 up.

Yea it's kind of bullshit.

The point of bidding I think is psychological. If you want a return to a certain price because of a loss before you're ready to invest again a bid can give you that option. My view is making or loosing money isn't a matter of knowing the market as much as it is just luck. So if you think your luck sucks, then you'll do more bids, but if you think you have good luck you'll just do market buys. Or if you're just impatient. If you think the market will go up up UP and not look back then just buy the market price. If you are patient and are not sure the market will go up fast then you'll try waiting for a dip in price. It's all based on personal confidence in the market. Also if you've recently put in a lousy trade and want another chance to correct for it you'll bid, just to keep your own finances in order, and if you're stubborn enough that might work.

 


legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
My guess is we're going nowhere unless some miracle happens and criplecoiners see the light or some macroeconomic disaster strikes.

luckily you guess wrong.

"The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of Gavincoiners is to disregard the first lesson of economics."
KFR
hero member
Activity: 560
Merit: 500
Per ardua ad luna
What's the general sentiment around here today? Are we going to try another attempt at 240 or are we dropping down below 220?

My guess is we're going nowhere unless some miracle happens and criplecoiners see the light or some macroeconomic disaster strikes.

You know I think we get your position by now. Tongue

You personally (aka "the market") aren't happy and until everyone does it your way the whole world is full of idiots that just don't grok the universe like you do. Wink
legendary
Activity: 1092
Merit: 1000
What's the general sentiment around here today? Are we going to try another attempt at 240 or are we dropping down below 220?


bitcoin will be going to double digits soon because bitcoin is caught in the crunch and we're about to eat pasta with a fork .. and bitfinix will collapse when we do .
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1106
Merit: 1007
Hide your women
What's the general sentiment around here today? Are we going to try another attempt at 240 or are we dropping down below 220?

My guess is we're going nowhere unless some miracle happens and criplecoiners see the light or some macroeconomic disaster strikes.
legendary
Activity: 1092
Merit: 1000
billyjoe ... XT is dead.. as soon as the gun industry finds out about the "blockchain blacklists" bitcoin problems will just be getting started. what they are programing in is the ability to sanction anyone.. individuals, companies, states .. and it will be used as a tool to intimidate gun owners.. that code is the death of bitcoin.

As I understand it, there is a switch you can use to turn off the I.P. restrictions. Regardless, as I've said before, I'm not married to XT or G & H. I'm committed to scaling the network.  

No scale? No sale.

Scale or die.

+1 i agree with you.. scale or die.... however.. right now both sides are big fail .. they should never put in that "blockchain blacklist" code.. that was a total stupid move.. maybe they should stop brushing their teeth with flouride maybe they would be able to see more clearly how that is going to totally fail. the ip thing is just the beginning of something they will finish building later on down the road.. they are slipping in the foundation of what they are attempting to build... we can always get around an ip ban... it will be wallet addresses they will blacklist later on ... cats out the bag now.
sr. member
Activity: 342
Merit: 250
What's the general sentiment around here today? Are we going to try another attempt at 240 or are we dropping down below 220?
legendary
Activity: 1106
Merit: 1007
Hide your women
billyjoe ... XT is dead.. as soon as the gun industry finds out about the "blockchain blacklists" bitcoin problems will just be getting started. what they are programing in is the ability to sanction anyone.. individuals, companies, states .. and it will be used as a tool to intimidate gun owners.. that code is the death of bitcoin.

As I understand it, there is a switch you can use to turn off the I.P. restrictions. Regardless, as I've said before, I'm not married to XT or G & H. I'm committed to scaling the network. 

No scale? No sale.

Scale or die.
sr. member
Activity: 392
Merit: 250


You and the 13% of nodes that XT topped out at? Time to make a compromise, or sell, I'm pretty sure the market can stand your frustration dumpage. The argument and subsequent arrival of XT showed the core devs they don't live in a vacuum, and you should be happy about it.

You think XT has topped out already? What happens when the group hug in Canada produces no results as they explicitly said there won't be proposals even discussed much less decided on. How many XT nodes then? Then What if Honk Kong produces no results? You still think XT will have topped out at 13%? 

8MB IS the compromise. I already explained why we don't need a software limit at all because miners are already incentivized to keep blocks small enough to propagate.  I also do not accept that a one time increase helps in the long term.  Markets do not like uncertainty. 

How many nodes will be running XT when we hit the 7tx/sec limit? What about a day after that? As I've said all along, if you don't like XT, fine. Give us something that scales or I will find a better cryptocoin to invest in.

The cripplecoiners are ceding ground as we speak... Don't let the perfect become the enemy of the good. I'm not willing to trust the future of bitcoin to Mike Hearn, same as I don't trust it to Blockstream, the market (in all its facets) can and will make the decision.
legendary
Activity: 1092
Merit: 1000
billyjoe ... XT is dead.. as soon as the gun industry finds out about the "blockchain blacklists" bitcoin problems will just be getting started. what they are programing in is the ability to sanction anyone.. individuals, companies, states .. and it will be used as a tool to intimidate gun owners.. that code is the death of bitcoin.
legendary
Activity: 1106
Merit: 1007
Hide your women


You and the 13% of nodes that XT topped out at? Time to make a compromise, or sell, I'm pretty sure the market can stand your frustration dumpage. The argument and subsequent arrival of XT showed the core devs they don't live in a vacuum, and you should be happy about it.

You think XT has topped out already? What happens when the group hug in Canada produces no results as they explicitly said there won't be proposals even discussed much less decided on. How many XT nodes then? Then What if Honk Kong produces no results? You still think XT will have topped out at 13%? 

8MB IS the compromise. I already explained why we don't need a software limit at all because miners are already incentivized to keep blocks small enough to propagate.  I also do not accept that a one time increase helps in the long term.  Markets do not like uncertainty. 

How many nodes will be running XT when we hit the 7tx/sec limit? What about a day after that? As I've said all along, if you don't like XT, fine. Give us something that scales or I will find a better cryptocoin to invest in.
legendary
Activity: 1092
Merit: 1000
XT as a threat, a manifestation of the frustration with perceived/real intransigence on the maxblocksize question from core devs, has done what it was intended to do... 1MB crowd got rekt, along with 20MB dreamers, and a compromise appears to be cresting the horizon. Jeff Garzik was right all along, sad it took a bunch of drama to get here. It was also a demonstration that the choice lies with the miners, which it absolutely does.

It's not over and the choice doesn't lay with the miners. It lays with the market, with the people who decide to invest in this project or not. Nobody is going to dump a billion dollars into bitcoin currency and infrastructure knowing they can be held hostage by miners at any time.  BIP100 does not do enough to allay those fears.

Miners need to be fucking broken to get it into their fat heads that we don't want to buy cripplecoins. I'm selling any pump and not buying back until they grok the situation.

You don't like mining without fees? Try mining $100 coins.  Who run Bartertown? I run Bartertown.


+1 bear troll fud all the waaaay! cripplecoin is here! .. it might go double digits once everyone figures out what is happening .
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