Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14674. (Read 26607567 times)

So to be clear if you bought X at $6k you would resell X at $8k? (Not exact prices I would buy inside the resistance points)   Do you keep some small fraction of X as BTC profit?

Disagree. Btc is as elitist as previous system, if not more.
Who bought on the way down? the rich.
Who lost all their money? the poor.
who can airgap their wallet to keep their own btc? the elite
who gives their money to strangers so they can play traders? sheeple

Agree. Saying that all along.

A couple of days of $40BN+ volume, and a spike low.

Doesnt matter where the low is, but ~$2000 feels about right (leaves a gap to the 2013 high of $1200).

Price/time relationship is not yet right either. 6 months to 2 years is a more proportional bear market.

In recent times, I have become accustomed to using similar incrementalism levels on both ends, which is currently set at about $1k. 

So I buy every $1k on the way down and I sell every $1k on the way up... so the spread between the next buy order and the next sell currently runs close to $2k.  Sometimes there can be ways to play around with the price trigger points in such a way that you want to try to make sure that they have decently high chances of filling while largely having the price come to you, rather than forcing the price or going to the price.

Yeah, I am also NOT trading nearly as frequently as I used to trade because on the way up in this $6k price territory, my old order increments used to trigger in $500 increments - but I am relatively content with much less frequent triggering of trading and orders not filling as often and even a kind of practice that causes me to increase the amounts that I am trading and therefore causing bigger and BIGGER profits from each time the series of orders fill from the almost guaranteed BTC price volatility (even if not guaranteed which price direction and not guaranteed that your buy/sell order will actually get filled - rather than nearly perpetually bouncing back and forth within a price range without filling on either end).

Hopefully that makes sense.

merit where it's due

A message from a HODLER:

The buying opportunities for new comers are just amazing.
The sell off is CAUSED by the huge investment funds reducing the risk and locking-in profits.
But the RISK is not coming from crypto-currencies but rather from economical and political turmoil worldwide and specially in the USA.
There will be a turn around soon that will bring even more capital into the crypto markets after the dust settled.
BUY BUY BUY all of the crypto that you can afford.

imho this is very bullish:



https://www.banking.senate.gov/public/index.cfm/hearings?ID=D8EC44B1-F141-4778-A042-584E0F3B9D39

Does not compute. Wat?

Postponed to the 14th i believe but the text of what they will say is released. Noting new really except they think exchanges and ICOs  regulation should be handle at fed level rather than state level. Usual anti money laundering, KYC etc but noting scary

There can be a completely de-centralized payment system in the future, when someone figures out on how to build an independent value stabilization mechanism. That crypto would become an actual currency, not a gimmick like bitcoin, that is dependent on fiat for valuation. Crypto can only beat central banks, if they do the same thing better then central banks. Meaning that they offer a currency with a predictable value and low service costs.

What can't be de-centralized, are people. There will always be people who are smarter then others and other people always centralize around them. This is not just human nature, but this is nature, that there are always strong that prevail and the weak that don't.  You can't force the world to be fair, because it just isn't. Some people are more capable then others and it is natural to reward them for that. Societies that have tried to to reward the weak and  suppress the strong (think communism) have only made a big mess.

Mike teaching the newbs to be patient there.  

So you're stupid then. You see stupid people, like you, concentrate on the short-term for everything, all they can see is the current situation and judge everything and everyone on that. Smart people look into the future and can see long-term trends. Ask all these "whining" people where they think bitcoin will be in the future. Then come back in 10 years time and see what has happened.

Yuh I'm fine with that, too.

He works for the enemy, the USG.

In his spare time he volunteers for their asset, Ver, and the corresponding chicom asset, Wu.

Compare like with like and stop lying.

He is trying to talk the price down so Jihan can pump BCH with his usd stash when the time comes.

From the volume, it definitely looks like we'll be seeing a final bounce soon (hopefully), and it's gonna be epiiiiiiiiiic

It doesnt.  They were created by humanity and its greed.  There will never be a completely de-centralized payment system because of human nature.

If bitcoin code would be the only important thing, then there wouldn't be so much whining here about the DOLLAR value of bitcoin 

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