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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18364. (Read 26720735 times)

legendary
Activity: 2772
Merit: 2846
We will update with a new TA on the other post soon..
TA is BS.

TA works if you know some basics. Is not BS  Kiss
TA is nice to know, knowing some basic patterns and such helps a lot, when devising a trading strategy / understanding the market.

i mean if you have no idea how to paint support / resistance lines, and you trade purely on how you FEEL price will move your gonna have a bad time....

unless you simply buy and hold for the long term, but thats not trading thats investing.... and thats easy,

Investing 101:
buy and hodl.



Isn't there a trading expression called painting the charts, which means a whale manipulates the market to make the charts look like a well known pattern is emerging? After all the TA guys trade based on that pattern the manipulative whale screws them all. TA is BS if someone paints the charts.
hero member
Activity: 1876
Merit: 612
Plant 1xTree for each Satoshi earned!
Quote
market will probably just end up being STUCK at 670 for a like a month.

You mean 666 Cool


 Cheesy ... that number has great potential to dry out in to extinction those satanist dumpers!  Grin
sr. member
Activity: 280
Merit: 300
HODLing is completely sane!



Gold is limited, so is Bitcoin.
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
We will update with a new TA on the other post soon..
TA is BS.

TA works if you know some basics. Is not BS  Kiss
TA is nice to know, knowing some basic patterns and such helps a lot, when devising a trading strategy / understanding the market.

i mean if you have no idea how to paint support / resistance lines, and you trade purely on how you FEEL price will move your gonna have a bad time....

unless you simply buy and hold for the long term, but thats not trading thats investing.... and thats easy,

Investing 101:
buy and hodl.

newbie
Activity: 51
Merit: 0
We will update with a new TA on the other post soon..
TA is BS.

TA works if you know some basics. Is not BS  Kiss
legendary
Activity: 1624
Merit: 1126
It's all mathematics...!
We will update with a new TA on the other post soon..
TA is BS.

ITs all about the TA with a dash of propaganda ...make some random chaos within the parameters!

When ppl say that TA is bs they are sadly mistaken imho
legendary
Activity: 1624
Merit: 1126
It's all mathematics...!
Someone care to speculate what price would reach BTC if a random guy (or agency) decides to buy 1 million?

I think it would be hysterical to observe. First off you'd get the morons with no vision selling for peanuts. Slowly it would dawn on everyone else that the buyer from hell was on the scene. The same morons would probably FOMO and pile in again.

All the while the wise owls would be deserting the exchanges in droves until the price for what was left would leave everyone gasping. Then the buying would stop and there'd be the worst crash of any type in any type of history. Cue ten or more years of peace and quiet while some wounds were licked and others partied to expiration.



The price would rise to about $610. But not very long after that, the price would also drop (like a price correction).

So, in short terms, a lot would be happening, but in long terms, it would probably keep on the same course.

I think you need to add 2-3 zeroes to the end of your figure.

Good analysis fellow rockstar...Smiley you should change your photo back to the other dude with the beer! IMO

Cheers m8
legendary
Activity: 1624
Merit: 1126
It's all mathematics...!
Someone care to speculate what price would reach BTC if a random guy (or agency) decides to buy 1 million?



What if the random guy sells...?
legendary
Activity: 2842
Merit: 1511
We will update with a new TA on the other post soon..
TA is BS.

It comes in useful, if only because of self-fulfilling prophecy. Just take the halving top - an almost perfect 61.8% fib of the bubble high to post-bubble low.
legendary
Activity: 3431
Merit: 1233
We will update with a new TA on the other post soon..
TA is BS.
newbie
Activity: 51
Merit: 0
I think we first go short, then long to a new highs... Smiley

Sounds like you are talking your book... There is no reason that we go short before we go long...

There have already been several downward attempts on the price, and sure you could be correct that there will be another one or that the next downward attempt (if there is one) will be successful, but certainly, you gotta be careful, at this point regarding how much you were to bet on downwards.

Well, as you can see, we go down now... Maybe we go down a little bit more before the uptrend resumes.

GL on your trades Smiley

I don't see that we are going down at this particular time....

You still seem to be in a kind of fantasy thinking....

It is kind of a trading phenomenon that we cannot always determine where we are at when we are in the midst of it, not with any meaningful degree of certainty (unless we happen to be a decent sized whale or someone with greater insider information than the average person)...

But, anyhow, in one of my recent posts, I had suggested that it is beginning to appear that more or less we are in about a $550 to $590 price range for the past couple of weeks... and accordingly, I would not get too worked up about calling one direction or another until we either get close to breaking out of the range or we actually break out of the range.

Frequently, posters here, either the trolls or the ones who are too emotional about their current bitcoin position, have a kind of tendency to attempt to call the trend (or the break out) too early...   And, for whatever reason, your recent posts seem to fit in that category of calling matters way too early - which ends up being a mischaracterization regarding what seems to be actually taking place... 

We just trying to share with the community what the numbers say to us, no emotional component here (we care on this point). All using our free platform, you can check this Wink

We will update with a new TA on the other post soon..
legendary
Activity: 1708
Merit: 1049
Quote
market will probably just end up being STUCK at 670 for a like a month.

You mean 666 Cool
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
Someone care to speculate what price would reach BTC if a random guy (or agency) decides to buy 1 million?

I think maybe they could pull off an AVG price of like 690 if there were really good / lucky
but then market would probably rocket to 32,000 soon after, unless these 1million coins didnt get sold off trying to pull a profit.


if you are in to buy 1million coins @ <650  but then ready to sell the coins you bought @<650  @ >690; market will probably just end up being STUCK at 670 for a like a month.

the float across all exchanges is probably like 1 or 1/2 a million coins. so its probably possible to buy a million coins pretty fast sub 700, but then the float is 0..... so if you HODL like a MOFO, KA-Fucking-BOOM bitcoin must goes up like 10X to inorder get poeple sending more coins back on exchanges.
legendary
Activity: 2604
Merit: 3056
Welt Am Draht
Someone care to speculate what price would reach BTC if a random guy (or agency) decides to buy 1 million?

I think it would be hysterical to observe. First off you'd get the morons with no vision selling for peanuts. Slowly it would dawn on everyone else that the buyer from hell was on the scene. The same morons would probably FOMO and pile in again.

All the while the wise owls would be deserting the exchanges in droves until the price for what was left would leave everyone gasping. Then the buying would stop and there'd be the worst crash of any type in any type of history. Cue ten or more years of peace and quiet while some wounds were licked and others partied to expiration.



The price would rise to about $610. But not very long after that, the price would also drop (like a price correction).

So, in short terms, a lot would be happening, but in long terms, it would probably keep on the same course.

I think you need to add 2-3 zeroes to the end of your figure.
sr. member
Activity: 292
Merit: 251
Telegram: @Adriandmen
Someone care to speculate what price would reach BTC if a random guy (or agency) decides to buy 1 million?



The price would rise to about $610. But not very long after that, the price would also drop (like a price correction).

So, in short terms, a lot would be happening, but in long terms, it would probably keep on the same course.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
When it comes down to it, most of Bitcoin's problems tend to come from the interactions with the fiat system.

~$70 million of their problems came from their oh-so-clever 2-of-3 wallet implementation.
If not for "the fiat system" they wouldn't have a business (which, as I understand it, is exchanging BTC into fiat and back again).

Once you have bitcoins you shouldn't need to go back to the fiat system and all the problems that come with it.

Get real, Elwar.

I am not trying to be argumentative with you, but merely because you are making an attempt to detach yourself from fiat does not justify that others should engage in such efforts to make meaningful attempts in that fiat detachment direction. 

Your proposal is just not realistic for a very large majority of folks who are not going to want to put so much of their financial future into bitcoin and such a likely to continue to be volatile situation.

My own attempt to detach from fiat is not just for myself but to prove that it can be done. And it can. My location or the infrastructure around me is a lot more difficult than it is for most people as I am in a foreign country where I do not even speak the language.

Sure, in places without the Internet it may be difficult. I defer to those places alternatives to Bitcoin.

Telling the first people with telephones that people will not want to invest in these expensive devices that can only be used to talk to a few people who also have telephones that they should just stick with the telegraph because a large majority of folks are not going to put up with such large hassle and expense with so few rewards.

Volatility goes away when those majority of people are using Bitcoin. And the fiat system will go the way of the telegraph.


You get me wrong, if you believe that I am suggesting that folks should not aspire to using bitcoin.

My criticism of your earlier post is the characterization that seemed to come through as "all people have to do is... blah blah blah"

There is a difference between aspiring and promoting something and acting as if it is easy for everyone to accomplish.

I stand by my earlier comment in the assertion that it is no easy task for folks to attempt to incorporate bitcoin into all or most parts of their lives.... Sure it is great for the infrastructure that people like you are willing to go through the extra efforts to push such ideologies, but don't assume that it is any kind of easy barrier for anyone that is less than evangelistic about bitcoin, such as you and some of the other bulls (sure I am a kind of bull myself, but I am not going to assume that using bitcoin is easy for folks). 

Surely, we need to get a lot more  bitcoin infrastructure in place before we begin to argue "all you have to do is... blah blah blah, bitcoin."   
legendary
Activity: 981
Merit: 1005
No maps for these territories
Someone care to speculate what price would reach BTC if a random guy (or agency) decides to buy 1 million?

legendary
Activity: 2310
Merit: 1422
When it comes down to it, most of Bitcoin's problems tend to come from the interactions with the fiat system.

~$70 million of their problems came from their oh-so-clever 2-of-3 wallet implementation.
If not for "the fiat system" they wouldn't have a business (which, as I understand it, is exchanging BTC into fiat and back again).

Once you have bitcoins you shouldn't need to go back to the fiat system and all the problems that come with it.

Get real, Elwar.

I am not trying to be argumentative with you, but merely because you are making an attempt to detach yourself from fiat does not justify that others should engage in such efforts to make meaningful attempts in that fiat detachment direction.  

Your proposal is just not realistic for a very large majority of folks who are not going to want to put so much of their financial future into bitcoin and such a likely to continue to be volatile situation.

My own attempt to detach from fiat is not just for myself but to prove that it can be done. And it can. My location or the infrastructure around me is a lot more difficult than it is for most people as I am in a foreign country where I do not even speak the language.

Sure, in places without the Internet it may be difficult. I defer to those places alternatives to Bitcoin.

Telling the first people with telephones that people will not want to invest in these expensive devices that can only be used to talk to a few people who also have telephones that they should just stick with the telegraph because a large majority of folks are not going to put up with such large hassle and expense with so few rewards.

Volatility goes away when those majority of people are using Bitcoin. And the fiat system will go the way of the telegraph.

Your point is clear and I think most of us would love to have the same possibility that you are experiencing right now. I mean Bitcoin has proved itself: it simply works. But, as you pointed out, is far from being recognized for what it is and what it could do.
I hope it's only a matter of time when people like you (us) will not be threatened by TPTB for having rich such a financial independence.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
When it comes down to it, most of Bitcoin's problems tend to come from the interactions with the fiat system.

~$70 million of their problems came from their oh-so-clever 2-of-3 wallet implementation.
If not for "the fiat system" they wouldn't have a business (which, as I understand it, is exchanging BTC into fiat and back again).

Once you have bitcoins you shouldn't need to go back to the fiat system and all the problems that come with it.

Get real, Elwar.

I am not trying to be argumentative with you, but merely because you are making an attempt to detach yourself from fiat does not justify that others should engage in such efforts to make meaningful attempts in that fiat detachment direction. 

Your proposal is just not realistic for a very large majority of folks who are not going to want to put so much of their financial future into bitcoin and such a likely to continue to be volatile situation.

My own attempt to detach from fiat is not just for myself but to prove that it can be done. And it can. My location or the infrastructure around me is a lot more difficult than it is for most people as I am in a foreign country where I do not even speak the language.

Sure, in places without the Internet it may be difficult. I defer to those places alternatives to Bitcoin.

Telling the first people with telephones that people will not want to invest in these expensive devices that can only be used to talk to a few people who also have telephones that they should just stick with the telegraph because a large majority of folks are not going to put up with such large hassle and expense with so few rewards.

Volatility goes away when those majority of people are using Bitcoin. And the fiat system will go the way of the telegraph.
legendary
Activity: 2604
Merit: 3056
Welt Am Draht
https://www.reddit.com/r/Bitcoin/comments/4xz8je/bitstamp_working_on_adding_support_for_ledger_and/

It's not implemented yet, and I didn't red article carefully. Btw, Trezor wallet = hardware wallet.

Check the tweets below. It's nothing to do with how the exchange itself operates, it's for customer Trezors to interact with it. Hopefully it'll lead to more.
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