Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 11142. (Read 26728962 times)

I don't know how this has affected today's growth. But once again I am convinced that I have the gift of prediction.

this is called a hedge trade. a hedge trade is usefull to protect against losses.

but you have to cancel the hedge trade before you can make profit.  

^ WTF? Nice catch RAJA!

Spot on.  Time is as important as price.

The next vital level will be the low of the next drop.  Cannot yet see where the short term top and reverse will come in, but it will probably start within a few days.

The strongest scenario would be a drop in volatility over the next few weeks, followed by a small dump to test support.  $5-6k is realistic for year end, but that is a long way off and a lot of price action will go under the bridge in the meantime.

It is still early days .

At least he stopped posting bcash charts.

I don't have any problems with him as long as he doesn't promote bcash here.

He has the right to be bearish.

I win whether if it is bearish or bullish. I got bets on either side.

If it goes down below $3k tomorrow all I'm gonna see more future profits. Being a bear is part of the game too.

Fuck your stupid-ass charts.  I am going to assert (without charts) that the next resistance is in the $6,200 to $6,500 arena (I know it is a broad range, but I can do what I like)... and I believe it will be difficult to get above that without a battle or at least some kind of meaningful correction.. but what the fuck do I know?   

I will probably buy a 1Kg bar when I can do it with one BTC because of... "historical" reasons. That's all about it for me.

Yeah JJG will be fuming. He’s got donuts to do!

I think they're just gonna have to pay compensation with products now!

If there is one (a dip, that is)... hahahahahaha

fuck the no coiners and the fence sitters.  There were more than 4 months available for them to get their shit straight.

Let's leave their asses behind.. and they can buy in the supra $6k arena.. if they don't continue to remain "undecided and/or leaning bitcoin negative"

I always buy Bitcoin for part of my salary.  But I have to say, it's much nicer to do it when I get ~0.7 BTC for that amount, not ~0.25.

They stole our meme!

Holy fuck.  Are you trolling me, Raja?  I largely already responded to that issue, and a lot of things change with each leg of our journey.  I am certainly no soothsayer, but merely because something happens, like you predict does not suggest that you are anything but lucky when it happens, especially if it remains a kind of 50/50 event or even 70/30... or something like that.  

I largely outlined my current thinking in my post two posts above this one, which describes some thinking that we are going up before we go down... so one seemingly decent scenario would be to go to the $6k arena first and then have a 30% plus correction, which would bring us to $4,340 (that is if we presume something like $6,200 x 70%), but then there could be a further spike down, or the BTC price might not make it to $6,200 before experiencing a 30% plus correction...  So in such a scenario, bringing BTC prices down to $4,340 could cause additional downwards spiking, and we have seen that many times in bitcoinlandia...  

And even a scenario of a $5,500 local top in this particular cycle and then a 30% plus correction would bring BTC prices below $3,900.... in the $3,850 arena... which are not unreasonable price wave scenarios...  

What are the odds of not going below $3,900 ever again... maybe we are getting close to the 50/50 arena.. perhaps?

 50% would still seem charitable based on current BTC price dynamics, in my thinking... but again, I am never claiming to be any kind of soothsayer, that is for sure.  I just assign what I believe to be conservative probabilities to various events, invest into bitcoin, accumulate bitcoin, prepare for worser scenarios, and then profit the fuck out of my BTC portfolio tending to outperform what I believe to be my largely conservative expectations... life is good.  

NO matter what we should be preparing for both up and down, if you don't want to end up being disappointed, even if your "never below $3,900 again" dart-throwing sorcery-wannabe pronouncement ends up coming true.  

I know which of those two assets I’d rather have

I think we all want more bitcoin’s mate. If you have 1 or 10,000 you could always have more & will at certain intervals wish you’d bought more when prices were low(er).

Best thing to do is just buy whenever you can because when we see 6 figures per bitcoin every 0.01BTC will have been a great investment

I do.

It's too soon for FOMO. We need consolidation. That's only achieved with TIME.

I like this scenario of development.  
I'm always afraid I won't have time to buy as many Bitcoins as I can while the price is so low.  I am in favor of a smooth rise in the price of Bitcoin, which is useful not only for me, but also for Bitcoin himself.  
Smooth growth = a strong foundation.

Not your keys, not your coins. Keeping coins on exchanges is not an argument. What security hit ?

How does SV base layer handle instant payment verification with double spend protection - 1 block per 10 minutes ? Even Bitcoin does not do this, without Lightning.

I'm working on a theory about last night's breakout. It's not fully-fleshed as of yet, but it has something to do with the incipient release of Derek Smalls' new album.