Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16383. (Read 26576751 times)

You can sell something :    

euro--dollar ??

but going up my friend no stops anymore straight vertical line haha buy everything in BTC at once 

Just opened my first order at Kraken... . Buy 0.1 @ 3500... . 

nobody in here everybody must now how this work allready
or not ?? cannot stay idiots around here   

I recall that several times you have said that you are an old foggie, so frequently you are not really considering long term investment plans; however, it seems that you do not want to error in getting trapped into attempts at getting rich too quick schemes.. so yeah some kind of modified version of buying on the way down and selling on the way up could work as long as you focus on accumulation and if you feel that your stash is relatively small then either than means selling way fucking smaller amounts on the way up or not selling at all and engaging in the old foggie Jimbo methodology which skips the selling on the way up part and only employs the buying on dips part... which seems to be a much better methodology - and surely you could end up losing everything (again) if you short - and the odds are against folks who continue to attempt to short in a bull market... sure the shorters might get lucky and do well, but gotta be careful with that kind of seemingly unnecessary gambling methodology and mindset.

O.k.  But does the fact that there are a lot of newbies who are being taken advantage of change any analysis.

I will concede that there are likely way fucking more newbies in the crypto space as compared with traditional markets (in part because traditional markets are way harder to get into and more fees). 

So, yeah, we have the cryptospace and we have bitcoin; hopefully we are not conflating those two concepts, but in either event I will concede way more newbies as compared with traditional markets.... even if you might separate out a tiny bit more experience in the bitcoin space as compared with the cryptospace overall.


Yes.  We certainly agree on this part.



Don't try to act as if you are the first person coming to this space and applying TA.  There are all kinds of attempts at TA, and I am not discounting TA in its entirety, that's for sure.  So yeah, some people use technical, and some people couch it with appropriate grains of salt, including considering exponential s-curve factors, metcalfe principles and the level of maturity of bitcoin as compared to various other markets... accounting for fundamentals and ta.


If you conclude that I am criticizing you for employing TA, then you are getting me wrong.

I was likely criticizing you for the level of certitude of your language asserting that we are dropping to $3k-ish and your seeming failure/refusal to account for s-curve adoption, metcalfe principles and immaturity of bitcoin's market.  If you were accounting for those factors, then I misread you... but you seem to be doubling down here to suggest that I was criticizing the employment of TA, which is not the case.



That is a fairly reasonable way of rephrasing your proposition, and I have no real problems with that - even if I might assign differing probabilities and even have slightly different targets.



I personally do not employ shorting practices - and shorting in a bull market seems to have worse odds.

Do you concede that we appear to be in a bull market and there is a pretty decent likelihood that we will continue in a bull market, in spite of possible shorter term corrections.

Actually, even currently, it is seeming like it could be difficult to break below $4k, so even reaching your upper side of a low of $3800 could be a bit of a struggle.. but surely not impossible... I am currently thinking that maybe 40% odds of reaching down to $3800... even though if we break below $4100 then the odds of going to $3800 become greater and may even become closer to 50/50 at that point, if we were to reach it.. but we have to reach it, first, no?



You are preaching to the choir there.  I completely agree with buying on the way down and selling small amounts on the way up however, the proportion of your buys and sells will likely depend on your personal goals, timeline, longterm and short term goals and your finances and even whether you perceive yourself to already be established into bitcoin or if you feel that you are establishing a position (by accumulating BTC).  So how much you sell or buy is not set in stone and is not even set in stone for individuals whose views and goals might change on an ongoing basis.

Hopefully, the trading practices of people are not changing too radically in short periods of time, but whatever. those are individual matters and some folks are more able to establish stability in their lives and in their finances than others.  I personally view finances pretty conservatively; however, even I have to reassess my own perspective and some of my risk taking and even some of my proclivities to throw around money which have become a bit more loose in recent times, given the extreme exponential and somewhat unexpected upward performance of my own situation  - causing me to have way more richness at least on paper and even in more concretely in some of my recent incidental and systematic cashing out than I had even thought was going to take place.



Of course, you can do what you want, and I personally don't bet too heavily in any direction - I play in a kind of incrementalist methodology that has been extremely profitable, and sure it is possible that there are ways that I could have made way more money, but incrementalism seems to work pretty well, including NOT betting too much at any one time regarding whether one direction is more likely than another (except maybe some tweaking, here and there, on the edges).

there will be many bottoms. could do with some tops

meanwhile, back to altscams

Who sold at the bottom?

I must be a strange variant of a Bitcoin Maximalist with bearish tendencies. I have about the same attitude toward all those other coins as indicated in the meme.

That's actually what I see, except for LTC which I consider a good coin.

ha ha ha, very creative indeed +1!
BTW, I love both my BTC and my ALTs.
It is like loving two babes at the same time..  

it's probably embarrassment

Interresting, they try ... but they don't have supply to ... plundge/discharge.

Wait for the monday morning to confirm ...



and all ALTcoins are ... very RED.

Waiting for new ATH by the end of this month. It's inevitable.

3000~3500

China Russia Bitcoin
 

Waiting for

its still a minor correction. but it looks like we will have finally long red weekly candle.
Ill try to catch the bottom this time, but its hard to tell how deep it can be