Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14588. (Read 26609469 times)

legendary
Activity: 1652
Merit: 4393
Be a bank
full member
Activity: 266
Merit: 222
Deb Rah Von Doom
relax, its not a call. Please try to stay on the topic of souls.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Imagine the souls that would be crushed if it just dropped below 6K right here.

Isn't that just evil of you Tera, dee bera?

you have no nurturing bone in your whole bear imitating a bull body, maybe too many of your cubs got eaten in your bear youth, causing you to be so jaded, and you just feel vengeful in your desires to witness the suffering of others.

It seems that the odds of plunging below $6k are pretty low, absent some pretty decently sized FUD.. and we do recognize that it is quite likely that the Bcash dickheads have not given up on their various cards that they plan to play in prep for anarcapulco that is coming at the end of this week.. so perhaps there will be some strategically planned FUD, Bcash pumpening and bcash spammening that can combine to provide a 1-2-3 attack.. that could cause some BTC selling at within this price range (even though a lot of folks had been thinking that the BTC price bottom had already been in)..

Further, there surely is a motive to attempt to force close a lot of margin longs off of Bitfinex, as was mentioned by HairyMac and the Bitfinex long to short ratio, which may exist on other margin exchanges too?
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
Imagine the souls that would be crushed if it just dropped below 6K right here.

Imagine how much BTC I would have if it dropped to $1k
legendary
Activity: 1484
Merit: 1029

I am happy with a few orders filling in a day, and I am thinking that in the future, I would likely be happy with a few orders filling per week.

I also don't play around with margin trading because it seems too risky, just on the face of it seems like a kind of gambling to me, unless there are ways to just employ it as a hedge... but seems too complicated for the most part.  

Largely, I am happy with just preserving the status quo of my BTC holdings (which I guess is mostly just an attempt at preservation of principle) and counting on long term BTC price appreciation for accumulation of wealth, rather than practices that feel like gambling (and certainly any kind of margin trading would feel like gambling to me).  
I'm employing a market making strategy to earn BTC from fluctuations in altcoins - which works well when markets are volatile - for it to work well you need to have pretty deep reserves in order to ride the deep fluctuations and keep in the market. My order sizes are not so high to reduce the risk - so I need a lot of orders to be filled to make a good profit

EDIT: I always seem to lose when I try this strategy in USD/BTC, so keep to altcoins
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
What do you call a meditating Doge?

Aware wolf
full member
Activity: 266
Merit: 222
Deb Rah Von Doom
Imagine the souls that would be crushed if it just dropped below 6K right here.
legendary
Activity: 2520
Merit: 3038
...chained orders...

I have been experimenting with JJG (and jbrher)s chained order strategy on the BTC/ETH pair.

Perhaps I am being dense...but I am just not getting it.

It goes down, I am buying ETH every 0.001, ok fine, then it goes back up and I am selling ETH at the exact same prices...it looks like a total wash to me.

Did I miss something in the explanation?
You remove the "other side" order at the point you just filled, otherwise they will cancel out for sure.
Example: you have orders each 500$.
Sell at 8500 on the way up, but remove "buy at 8500 on the way down". Next you'll buy will be at $8000.
Same for the opposite direction, buy at $8000 on the way down, remove "sell at $8000 on the way up".

That's why you have a gap between your top buy and your bottom sell that is 2x your base interval. The gap is where the profit is made.

Admittedly, in my most comprehensive explanation, I explicitly left the reason for such 'as an exercise for the reader'. Perhaps I should have stated it.
Letting the readers figure some details by themselves helps to ensure full assimilation of the material  Wink

By the way, as opposed to JJG's implementation, so to say, of this system, you do seem to have a ladder of sells/buys already set up, and you do your maintainance by removing debris - that is, orders at the same price but on the opposite side of the one just executed. At least, that is the way I understand it.
sr. member
Activity: 689
Merit: 260
TA confirms 1 Doge = 1 Dog


What if someone hacks the markets and changes 1 Doge to 0 Doge?

you didn't get it. the chart looks like a dog.
legendary
Activity: 2520
Merit: 3038
I ain't 'playing victim'. There is a wide gulf from permissionless innovation that you don't happen to care for, and outright lying in order to besmirch character.
I understood the first sentence, but I couldn't make sense of the second. Care to explain?

Certainly. MoA stated that I engaged in spamming in order to cripple Bitcoin Segwit. Of course, I have done nothing of the sort. As might be deduced from the fact that MoA was unable to provide a single shred of evidence for such an accusation. Ergo, MoA was lying. Likely in order to besmirch my character.

On the other end of the statement, the leveraging of Satoshi client assets by the Bitcoin Cash project is part and parcel of open source. There is nothing untoward nor illegitimate about doing so. This is how open source technology progresses.
Ah, now I see what "permissionless innovation that you don't happen to care for" means. The leveraging of open source assets is an intended possibility - a feature, so to say - and totally legit in my opinion, too. Kind of like dogecoin did. However, the naming, marketing and politics around Bcash is highly debatable. Well, that's my opinion anyway.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
really interested to see what will happen at the 8190-8160 area


Like I already said, newbie, it does not matter until it gets down to $7k-ish or perhaps $6,666... then we are fucked... that is if it gets there.   Tongue

Please speak for yourself. When price gets to 6666, and you r fucked, can I have your merits Cheesy?

First, I will concede that when I used the "we are fucked" expression, I am presuming the vast majority of WO thread participants who come to this thread to learn about bitcoin, and are generally pro bitcoin and the various tangential developments around it.  So, in that sense, I am using a kind of variation of the "royal we" to ascribe some sentiments to the vast majority of guys and gal who are involved in the thread to be largely better off with rising bitcoin prices rather than lowering bitcoin prices.

Second, I am prepared for down, even though I exaggerated a bit about the we being fucked thing.. but of course, I am better off with rising BTC prices rather than falling prices, even though I do take decent mitigating actions to attempt to profit from any downfalls in the BTC price by buying on the way down.

Third, let's assume that I was going to be fucked to death and you are merely referring to my bank of smerits, you would likely be somewhere near the bottom of any list of final distribution that I would make....   You are ranking pretty low on any good will that I have, and part of my lacking of good will towards you remains that I have a suspicion that you are probably in violation of forum rules, and you are a previous banned member who is using a new account with an attempt to get around forum rules.  So likely your days are numbered..  Cry Cry Cry    

Personally, I'm selling the up bounces.

Nothing wrong with that, as long as you are mostly buying on the way down and selling on the way up, so if you end up selling on bounces, you should not be selling really large portions, because your net preparation should be for UP, rather than DOWN, because it is most likely that we are at the bottom of our various corrections, and if you sell too many on the way UP, then you are not going to be adequately prepared for UP... so ultimately, you need to prepare for both UP and DOWN... not just DOWN - especially when the odds are not in favor of such DOWNity, as I repeated already, several times.
legendary
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.
May I please get September 1st 2018? Nobody got September and I love September. Since I am a latecomer I will donate the entire sum if it happens to be me. Sounds good?
If you snatched the prize from somebody who would have otherwise won, I don't think they'd be too pleased about that, even if you do donate your windfall. You're working with new information now that wasn't available to the other participants, so you shouldn't be allowed to compete.
One of the reasons (there are more) I picked 28/08/2018 is because it also covered a good part of September.
If it is allowed to pick new dates now, it should also be allowed to change the previous picks too. Maybe even the ones that already "lost" because maybe (or surely) they would have picked a later date now.
Fair enough, I actually agree with you both. My bad I was not around to pick a date to participate in mic's contest. I'll keep that date in my mind though  Wink


Yeah sorry but its allways few days and Just When close i put No one more on it ...... its So very random but also much more fair for everybody like This.....  hopefully we break iT quick and you can take 1september on the next game Smiley
hero member
Activity: 1358
Merit: 834
TA confirms 1 Doge = 1 Dog


What if someone hacks the markets and changes 1 Doge to 0 Doge?
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
TA confirms 1 Doge = 1 Dog

legendary
Activity: 2520
Merit: 3038
I guess nobody cares about this: http://money.cnn.com/2018/02/11/investing/lagarde-bitcoin-regulation/index.html

Wow was 8000 the new bottom retest?

Where’s Smokey the Bear?

Maybe that IMF statement was too pathetic sounding?
Why would anybody give a rat's ass about regulation when decentralized exchanges are on the horizon? For the very first time in history regulators won't be able to dictate their rule upon citizens.
Decentralized exchanges need fiat on/offramps too, so they can be choked or leashed by regulation. That's the one issue that still makes me give a ratt's ass.
But wouldn't that be peer to peer also? Ie a private person sending money to another private person through Paypal or SEPA or Swish or whatever. Impossible for any bank or government to connect with a selling or buying of crypto.
You're correct, Arriemoller. But they've got automatic bank information exchange all over already, so they can at least be leashed by governments threatening banks if they don't playy watchdog on you. Your bank becomes your enemy. Uh, "becomes"?  Huh
jr. member
Activity: 165
Merit: 4
Always believe in magic
I ain't 'playing victim'. There is a wide gulf from permissionless innovation that you don't happen to care for, and outright lying in order to besmirch character.
I understood the first sentence, but I couldn't make sense of the second. Care to explain?

Certainly. MoA stated that I engaged in spamming in order to cripple Bitcoin Segwit. Of course, I have done nothing of the sort. As might be deduced from the fact that MoA was unable to provide a single shred of evidence for such an accusation. Ergo, MoA was lying. Likely in order to besmirch my character.

Oh dear! this guy sounds like hes in your naughty cnorner?

how about this ... just piss off you duplicitous tosser? This is no longer 'your' bitcoin after you have now pitched your tent at the Bcash shit-show circus along with Peter_R, the other daft thinkers and outright sociopath control freaks ... why do you really keep slinking back around here, to preach to us the error of segwit ways and straying from the One True Vision of Satoshi?? it's really kind of stalky and a bit creepy.

"besmirch your character" Huh it's an anonymous internet forum you plonker, who cares about your non-existent character?

.... and after all that I didn't say YOU specifically engaged in spamming just that you were from the cohort of Bcash idiots that were cheering on, encouraging and engaging in a myriad of despicable attacks on bitcoin, including spamming, to pump their shitcoin Bcash.

The amount of half-truths, lies, misinformation-spreading, slander and personal attacks against people in real life the deluded 'hard-fork now!' cultists have engaged in is disgusting, maybe heal thyself physician? Or are you just projecting the worst traits of your Bcash partners elsewhere to ease your conscience?
legendary
Activity: 2534
Merit: 1129
really interested to see what will happen at the 8190-8160 area


Like I already said, newbie, it does not matter until it gets down to $7k-ish or perhaps $6,666... then we are fucked... that is if it gets there.   Tongue

Please speak for yourself. When price gets to 6666, and you r fucked, can I have your merits Cheesy?

Personally, I'm selling the up bounces.


You have a plan, and that is good.  

Taking a view that $2000 would be the bottom, and $1000 would indicate failure of BTC. Those levels have some basis in the historical charts, if you view the whole price history of BTC as 5 big waves.

The 5 highs can be estimated at 3x to 10x the previous high, but more accurately, the lows can be estimated just above the preceding high. That gives the $2000 and $1000 levels.

It is only one way of viewing it, but better than choosing more arbitary levels.

legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
I ain't 'playing victim'. There is a wide gulf from permissionless innovation that you don't happen to care for, and outright lying in order to besmirch character.
I understood the first sentence, but I couldn't make sense of the second. Care to explain?

Certainly. MoA stated that I engaged in spamming in order to cripple Bitcoin Segwit. Of course, I have done nothing of the sort. As might be deduced from the fact that MoA was unable to provide a single shred of evidence for such an accusation. Ergo, MoA was lying. Likely in order to besmirch my character.

how about this ... just piss off you duplicitous tosser? This is no longer 'your' bitcoin after you have now pitched your tent at the Bcash shit-show circus along with Peter_R, the other daft thinkers and outright sociopath control freaks ... why do you really keep slinking back around here, to preach to us the error of segwit ways and straying from the One True Vision of Satoshi?? it's really kind of stalky and a bit creepy.

"besmirch your character" Huh it's an anonymous internet forum you plonker, who cares about your non-existent character?

.... and after all that I didn't say YOU specifically engaged in spamming just that you were from the cohort of Bcash idiots that were cheering on, encouraging and engaging in a myriad of despicable attacks on bitcoin, including spamming, to pump their shitcoin Bcash.

The amount of half-truths, lies, misinformation-spreading, slander and personal attacks against people in real life the deluded 'hard-fork now!' cultists have engaged in is disgusting, maybe heal thyself physician? Or are you just projecting the worst traits of your Bcash partners elsewhere to ease your conscience?
hero member
Activity: 728
Merit: 540
May I please get September 1st 2018? Nobody got September and I love September. Since I am a latecomer I will donate the entire sum if it happens to be me. Sounds good?
If you snatched the prize from somebody who would have otherwise won, I don't think they'd be too pleased about that, even if you do donate your windfall. You're working with new information now that wasn't available to the other participants, so you shouldn't be allowed to compete.
One of the reasons (there are more) I picked 28/08/2018 is because it also covered a good part of September.
If it is allowed to pick new dates now, it should also be allowed to change the previous picks too. Maybe even the ones that already "lost" because maybe (or surely) they would have picked a later date now.
Fair enough, I actually agree with you both. My bad I was not around to pick a date to participate in mic's contest. I'll keep that date in my mind though  Wink

Beside, It's far easier to guess now than a month ago.
legendary
Activity: 2310
Merit: 1422
May I please get September 1st 2018? Nobody got September and I love September. Since I am a latecomer I will donate the entire sum if it happens to be me. Sounds good?
If you snatched the prize from somebody who would have otherwise won, I don't think they'd be too pleased about that, even if you do donate your windfall. You're working with new information now that wasn't available to the other participants, so you shouldn't be allowed to compete.
One of the reasons (there are more) I picked 28/08/2018 is because it also covered a good part of September.
If it is allowed to pick new dates now, it should also be allowed to change the previous picks too. Maybe even the ones that already "lost" because maybe (or surely) they would have picked a later date now.
Fair enough, I actually agree with you both. My bad I was not around to pick a date to participate in mic's contest. I'll keep that date in my mind though  Wink
Jump to: