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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9296. (Read 26720873 times)

legendary
Activity: 2520
Merit: 3038
Sad indeed, my 15k hat feels so uncomfortable... I feel like changing it at times but I'm afraid it will capitulate the price to new lows, so I'm taking one for the team.

 Thank you d_eddie!  We appreciate your hard work and dedication.  Stay focused.   Wink

I don't want to get lovey-dovey... but thank you for the fancy hats! I can't wait to see how hard it will be to fit 6 digits in there.  Cool
sr. member
Activity: 1197
Merit: 482
Part of an article where a fund manager is going over his yearly gains, he is thinking stocks may already be in a bear market...
https://seekingalpha.com/article/4295434-s-and-p-500-calm-storm
Quote
Now, we have accumulated a sizable Bitcoin and digital asset position, which may seem excessive to some people. However, this is the future of currency, and digital store of value. I view Bitcoin and other systemically important coins as enterprises and not just currency/payment systems.
legendary
Activity: 1464
Merit: 1136
Whelp, vodka # 6

Drinking on a monday morning?  Shocked Huh
Technically yes but only the wee hours, and now just waking up from a Wodka slumber, Polish pronunciation Wink
Checks price to see how much value that drunken but heartfelt trade has cost me.  Shocked  looks at bottle of frosty Wodka again,  Grin Grin Grin   Just you and me baby!



 



legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
Good morning!
I guess we are moving now. Observing at $ 8,242
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
You guys know what's next after (if) we take back 200DMA, do you?  Cool

No.

Sad. Sad I guess I'll keep it to myself.

Yeah.  You can tell us, after "it" happens, then for sure you would have been correct.   Wink
sr. member
Activity: 1197
Merit: 482
You guys know what's next after (if) we take back 200DMA, do you?  Cool

Whisky sours?
legendary
Activity: 3808
Merit: 7912
You guys know what's next after (if) we take back 200DMA, do you?  Cool

 Golden cross!

edit: ?

 ?
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
You guys know what's next after (if) we take back 200DMA, do you?  Cool

No.
legendary
Activity: 3808
Merit: 7912
Sad indeed, my 15k hat feels so uncomfortable... I feel like changing it at times but I'm afraid it will capitulate the price to new lows, so I'm taking one for the team.

 Thank you d_eddie!  We appreciate your hard work and dedication.  Stay focused.   Wink
legendary
Activity: 3276
Merit: 2442
You guys know what's next after (if) we take back 200DMA, do you?  Cool
legendary
Activity: 2436
Merit: 1189
Need Campaign Manager?PM on telegram @sujonali1819
Price is going up nicely now over $8200. Smiley
Why the sudden burst up in the btc price any news which broke now since 12 hours ago where it stood at $7900? Sad



Just reached the support level on the 4-hour chart and trying to move up a little bit. And if it will touch the 8400 levels and will be crossed completely then we can see $9000 very quickly.
legendary
Activity: 3808
Merit: 7912
Price is going up nicely now over $8200. Smiley
Why the sudden burst up in the btc price any news which broke now since 12 hours ago where it stood at $7900? Sad

 MicG and I donned the Vegeta hat.  Bitcoin value is powerless against it; price burst was inevitable.

Where the fuck is $15k?  Wasn't your gang wearing the $15k hat for a considerable amount of time, even just recently?

That did not seem to work out too well for BTC prices.   Cry Cry Cry

 How soon we forget!  We took it to over 13K with that hat and we asked more people to wear it but did they?  No, they did not.  I think d_eddie was the only other member to wear one.  Geez, do you think the hats are self-powered?
legendary
Activity: 2520
Merit: 3038
 Sad indeed, my 15k hat feels so uncomfortable... I feel like changing it at times but I'm afraid it will capitulate the price to new lows, so I'm taking one for the team.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Price is going up nicely now over $8200. Smiley
Why the sudden burst up in the btc price any news which broke now since 12 hours ago where it stood at $7900? Sad

 MicG and I ("no homo"?) donned the Vegeta hat.  Bitcoin value is powerless against it; price burst was inevitable.

Where the fuck is $15k?  Wasn't "your" lil gang (hopefully "no homo" but I'm not sure since you did not say it in your earlier post--- I put a little FTFY hint up there)  wearing the $15k hat for a considerable amount of time, even just recently?

That did not seem to work out too well for BTC prices.   Cry Cry Cry
legendary
Activity: 1260
Merit: 1116
legendary
Activity: 2520
Merit: 3038
I started doing this as a hedge (to mitigate damage).

It is not a hedge and certainly you don't mitigate any damage!

Lets say you hold 5 bitcoins short and 7 bitcoins long positions. I hold 2 bitcoins long position. Price movement in either direction will bring both of us one and the same profit or loss. The only difference between us is that I pay rollover fee for 2 bitcoins while you pay rollover fees for 12 bitcoins.


I see your point. It was made by fillippone just a few days ago. It is valid in certain conditions, but not in others.

Rollover fees depend on the exchange. They could be null. There could be an advantage using limits order (gaining a small fee). There could be funding (interest) paid to those who have open positions on a certain side by those on the opposite side. It all adds up and can be used to our advantage, but it's not an inherent property of this system. That's why I'm keeping these accessory costs or benefits out of the equation.

Maybe it all boils down to whether we consider unrealized P&L as real. I don't: it ain't over until the fat lady sings - that is, until I choose to close a position. Can you see the time factor advantage that is gained? Imagine she goes up and down just as she likes to do. When she goes down I cash out the short (and/or increase the long with a better entry), when she goes up I cash out the long (and/or increase the short with a better entry). Whenever I'm above parity I can choose to end the game and close both positions together, or taper one while the other improves, or whatever my SOMA analysis suggests. I can't do that if I only hold one side.

I've asked for collective help in wrapping up these concepts in a solid framework, but there are no takers yet. All I know is I've managed to nurse a thin stream of income even during bear moves or bear markets. At the moment, I can lose all my play stash and I'll stay in overall profit. Did I just get lucky? It might be, but it's too consistent IMHO. It looks unlikely.

full member
Activity: 1179
Merit: 210
only hodl what you understand and love!
How are these fucktards at Bitfinex not in jail yet when the entire planet knows?



Seems that people are thinking this way  Grin
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"


I bet it's his search history.

Why guess? See for yourself. Takes even less time than writing your insightful post.




guess != bet.
I'll send you a PM if i happen to find your sense of humor somewhere  Wink

Pump up the jam, pump it up
While you feet are stompin'
...

Salt'n Pepa!!!
Thanks for refreshing these memories Grin

Scraping around $8k again.


But... but... bear trolls promised "one last down before up"? When $6k? (not gonna happen)  Grin Grin Grin

I'm not resting assured that this particular bottom is "in" for this particular correction (which is still $7,763  $7,714) until we go above $9k and even then, I am going to be a little jittery until we get back into the 5 digits.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
All of HairyMcLarry's posts for the past year straight revolve around the idea that the market is required to repeat the same nonsensical fractal over and over again.  What market on earth actually does that?  Pretty much none.  If this specific market in general actually functioned that way, everyone would be margin long on the same side of the trade and the market would catastrophically implode...because everyone is on the same side of the trade...and said fractal would then cease to exist.


Yes.  About a year and a half ago, pretty much Hairy admitted that he was relying on fractal comparisons, and surely I have been vocally critical of such fractal comparison reliances, even though they have largely been playing out - with, of course, some upwards deviation with our 3.5x outburst from April 1 to end of June, and currently what appears to be a return to the mean of the fractal... So whatever the fuck lack of comparison seems to still be working out in a very comparable way.


So, maybe there has never been such a system in the world, but who fucking cares?  It still has worked out quite well in bitcoin for a lot of us BTC HODLers and accumulators to be continuing to become richie and to increase our richness through the fact that BTC prices continue to go up in the longer term.. just like the silly fucking ass fractal comparisons seem to suggest.  Go figure?  

Now you roach, on the other hand, have had some mediocre gold price appreciation during this calendar year (which has gotten you all excited, and even a bit more cocky than usual), and maybe you should be taking advantage of that mediocre gold price appreciation and getting into a real future asset.. ie bitcoin?  dumb ass.
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
are the lambos back on again?
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