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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7809. (Read 26606727 times)

hero member
Activity: 1988
Merit: 593
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
~snip, not massive by JJG standards, but still, snip~
Surely, you guys (and perhaps gal) know the phenomena that I am talking about with the person specifically denying the thing and even making fun of the thing and then the thing gets him.
did you miss xhomerx10's offering 'comeuppance'?
or 'just deserts' is that it?

I saw those, and they make me feel unfulfilled in the arena of getting to a Mark Twain like word.. the difference between lightning bug and lightning itself.

 Cry Cry Cry



1st world problems.  Embarrassed

Surely, you guys (and perhaps gal) know the phenomena that I am talking about with the person specifically denying the thing and even making fun of the thing and then the thing gets him.
Irony Grin

that's another lightning bug...

Maybe I am being too picky (high maintenance)?
full member
Activity: 624
Merit: 225
ETH/BTC
Surely, you guys (and perhaps gal) know the phenomena that I am talking about with the person specifically denying the thing and even making fun of the thing and then the thing gets him.
Irony Grin
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
WRONG AUDIENCE

Indeed. Instead of quoting (!?!) shouldn't just simply be reported? We talk about Bitcoin and the virus here (more or less Cheesy )

FTFY
hero member
Activity: 1988
Merit: 593
legendary
Activity: 1652
Merit: 4393
Be a bank
~snip, not massive by JJG standards, but still, snip~
Surely, you guys (and perhaps gal) know the phenomena that I am talking about with the person specifically denying the thing and even making fun of the thing and then the thing gets him.
did you miss xhomerx10's offering 'comeuppance'?
or 'just deserts' is that it?
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
I am into the USD/EUR pair again.

I missed trading that one. Stress-free. Making money whichever direction it goes. Making like $1k with every %4 swing and it does it a lot lately.

I thought that I just saw a post from you that you were not going to do TA again, and in essence suggesting that you were only going to DCA buy on a regular basis.

Surely, I am not into extreme changes, but you gotta do what you gotta do for yourself; however, in this post, you seem to now be saying that you are trading again?  but somehow the USD/Euro is more profitable than trading BTC? 

I am having some difficulties with these concepts, but likely some trading pairs are less volatile, even though I am not sure that they’ll  are either less predictive or even that volatility should be considered an enemy.

Most people who trade consider volatility to be amongst the best ways to make profit.

I, personally, don't consider myself to be a trader, in part because I am NOT trying to predict price direction, even though I suppose that I am because I am regularly setting orders.  So my goal is just to attempt to take advantage of something (volatility) that is almost inevitably going to happen no matter what, and just to take advantage of that something in such a way that I am not really making a lot of money, but I am instead quelling any anxiety that I would otherwise get from the seemingly inevitable within bitcoin.

I don't perceive myself as cheering on the volatility, but instead I am saying to myself: "oh fuck, here we go again.  I am glad that I have some orders in place because I have hardly any meaningful fucking ideas regarding where this shit is going.. but at least i have some orders in place and at least I have some orders in place and I hope at some point it reverses before i run out of orders.. but at least I still have some orders in place."
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Good morning HODLERS & COVID-19 avoiders!

I woke up to see 3000+ Merit (2000+ earned). I have to say thanks, largely to donations from the WO’s hehe.
I’m just going to congratulate myself right now -



Observing $7,313 & ready to go back to five figures Wink

Congrats.. Doesn't matter WO or not 3k merit is no joke. you must be doing something positive for community which majority of users failed to do so.

+3

You’re now on 800

 Cool
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
I am pretty sure that in recent weeks I had come across a term that describes a kind of poetic justice that occurs when someone becomes a victim of the very thing that s/he has been denying to exist. 

Its called Karma.

 Only if that person were to die though.


Karma is quite an involved, subtle, nuanced even, concept that gets loosely used in Western/modern culture to mean "revenge" or "payback" or something along those lines.

... it's origins in Hinduism have much more to do with the multi-faceted nature of Krishna (Universal/cosmic order aka "god")), fate and actions in your previous life (lives), it stems from the underlying conceptualisation of the spiritual ... see Bhagavad Gita - As It Is
Quote
karma (in Hinduism and Buddhism) the sum of a person's actions in this and previous states of existence, viewed as deciding their fate in future existences.
~ wiki

Separately the word JJG maybe searching for is "Schadenfreude", but I'd think that is completely inappropriate given Boris's plight.


I just looked up the word:  "Schadenfreude" which shows an english meaning as: "pleasure derived by someone from another person's misfortune," and truly that is not what I was trying to say.

Karma is way closer to what I am thinking than Schadenfreude...., but Karma seems too broad of a concept.

Surely, you guys (and perhaps gal) know the phenomena that I am talking about with the person specifically denying the thing and even making fun of the thing and then the thing gets him.
legendary
Activity: 2184
Merit: 1540
Good morning HODLERS & COVID-19 avoiders!

I woke up to see 3000+ Merit (2000+ earned). I have to say thanks, largely to donations from the WO’s hehe.
I’m just going to congratulate myself right now -



Observing $7,313 & ready to go back to five figures Wink

Congrats.. Doesn't matter WO or not 3k merit is no joke. you must be doing something positive for community which majority of users failed to do so.
hero member
Activity: 1204
Merit: 755
Homo Sapiens Bitcoinerthalensis
I am into the USD/EUR pair again.

I missed trading that one. Stress-free. Making money whichever direction it goes. Making like $1k with every %4 swing and it does it a lot lately.

Right, don't forget to sell at the bottom.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Good morning HODLERS & COVID-19 avoiders!

I woke up to see 3000+ Merit (2000+ earned). I have to say thanks, largely to donations from the WO’s hehe.
I’m just going to congratulate myself right now -



Observing $7,313 & ready to go back to five figures Wink
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Hey jbreher:

I have been pondering this BTC order increments and spread idea for the past couple of days, and I thought that maybe there is a way that I could attempt to further clarify points of my above post,

I don't think I really disagree with anything in your post. I just find it non-optimal for me. Again, I put a high value on being able to enter offsetting trades (i.e. in the wake of a trade execution) without needing to think about it.

I am not really trying to convert you, either.

I just find it to be an ongoingly good talking point, and helps me also to attempt to think through why I do things the way that I do it, and maybe mystery  talking through it might cause me to want to change the way that I do it, or at least to attempt to show the trade-offs that I perceive to exist based on engaging in such practices on a fairly regular basis.


My twelve second claim may be off a few percent one side or another, but it is pretty close to reality.

Might be an idea that I can continue to tease you about.  It is an interesting concept.


So, other than step functions in changing my overall increment when price has done a several X, my increments are uniform, and there is a two increment space between my highest standing buy and my lowest standing sell. It just simplifies the thinking. Or actually eliminates the thinking, and simplifies the rote execution.

Surely there is some value in the set increments that causes you easily to know where to put the next order and the amount to put, too.

I have some rote aspects to my system, too, but from time to time, I tweak the parameters into a new kind of rote.. but maybe has a bit more flexibility than yours... Anyhow, I recall that I was with a nocoiner relative on several of those top BTC days in the end of June 2019, when the BTC price had broken above $10k and was proceeding relatively quickly to $13,880.

 I was in a place where I did NOT have good internet access, but every once in a while I would get a signal, and I would look at the BTC price, and my no coiner relative was asking me about why I kept looking at the internet when the connection was so bad, and I was telling the relative about bitcoin and the placement of my various sell orders that were being filled, and I remember saying the location of an order because it was in my head, and then I would tell the relative that the order had filled, and said that I could relax because the next order was not until ______.  The orders kept getting filled, which was quite surprising to  me, but I was not in a place where I could reset the buy orders .. and I kept thinking that it was NOT really a BIG deal because the BTC price kept going in one direction, but I also knew that the backwards reaction could end up being violent, at some time too... so I was kind of keeping in my head where the buy orders would be set in the event that I were to be able to set them.


As for magnitude of increment, yes there is a balance between total profit, profit margin, and effort required.

Yeah but I am not just saying the space between the orders, such as each buy order is $250 apart, but I am also saying the spread between where you had sold and where you bought.  I used to use a spread that was something like your, which was that the spread was twice the increments of the orders, but I found a pretty large increase in utility (for myself) to set the spread larger.. and then frequently when the price starts moving continuously in the direction that it had started to move, then even though the increments might be relatively small (as compared with the spread), the profits per order filled is so much greater that it causes me to feel like my time had been put to better use .. because so frequently bitcoin has shown itself to have a kind of frustrating tendency to overshoot and to keep overshooting for quite a while, which causes the larger spread to pay off way more than what value would have come from the few extra fills that would have come from the back and forth price movement (and fills) that would have happened with a smaller spread. 

Your profit margin on a smaller increment is smaller than on a larger increment, but seeing as small movements in price happen more often than large movements in price (indeed, it is a power law distribution), overall profit is larger with a smaller increment.

I am not really sure if it is more profitable to have smaller spreads.. maybe slightly, but that is where I am thinking that my extra time (12 second per order) is just not worth it.


As the increment gets smaller, it is true that you start giving more away in cost of sales (trade fee), which at some point makes you question whether it is worth the effort. This is another reason to minimize the effort on any given trade, as that allows you to cull more total profit without feeling unduly burdened.

At least, it works for me.

Fair enough.

Incidentally... 0.5%? Ouch.

I have known quite a few low fees and even no fees, but a lot of that has gone away and even moreso gone away for someone starting out who might not reach some of the volume requirements that might cause fees to go down, and .2% had been quite common for a starting fee, but .5% seems to either becoming a common current going rate or at least with the passage of time, trading fees are tending to increase rather than decrease... and they are higher for people who are just starting out and with less trading volume, so I believe that it is better to presume some level of reasonable trading fees, and .5% seems to be both realistic and fairly easy to calculate...even if sometimes some of the trading fees can be less which keeping the trading fees down or lower does allow for a little bit higher profits, too.. but you do not necessarily want to go somewhere with low fees that might run off with your bitcoin, so there is that part, too.
legendary
Activity: 938
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<>
care about plan original BitCoin

This is the plan:

In the next hours / days we will see the entire hashrate to Bitcoin.
legendary
Activity: 1652
Merit: 4393
Be a bank
The failure to comprehensively test the population of the world for this virus is not just a failure of politicians. We pay them to fail us and they did so admirably. It highlights the abject powerlessness of all scientists and medics, who have been subservient to the state for far too long now. Until they collectively grow a pair of balls, we won't be trusting them either.
legendary
Activity: 2688
Merit: 2470
$120000 in 2024 Confirmed
WRONG AUDIENCE

Indeed. Instead of quoting (!?!) shouldn't just simply be reported? We talk about Bitcoin here (more or less Cheesy )
Your right .I expect a lot of people here have him on ignore. Sorry peeps Smiley
legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
WRONG AUDIENCE

Indeed. Instead of quoting (!?!) shouldn't just simply be reported? We talk about Bitcoin here (more or less Cheesy )
legendary
Activity: 2688
Merit: 2470
$120000 in 2024 Confirmed

https://bitcoincashblockhalf.com/


https://bitinfocharts.com/comparison/hashrate-btc-bch.html

Bcash halving today / CMC-$272, the mining companies will be ruined and tomorrow more.

Who cares about forged bitcoin protocols - care about plan original BitCoin

 Grin
You continue to humiliate yourself.

WRONG AUDIENCE
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale

https://bitcoincashblockhalf.com/


https://bitinfocharts.com/comparison/hashrate-btc-bch.html

Bcash halving today / CMC-$272, the mining companies will be ruined and tomorrow more.

Who cares about forged bitcoin protocols - care about plan original BitCoin

 Grin
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Sending kids back this soon is insanity. They are the primary infection vector. What we should be doing is sending workers back to work, so we can actually afford to treat patients and develop some way to defend against it. Let kids stay at home where it's safe. Literally think of the children. They are dirty and germy and smelly.

They are also cute, full of energy and most of the time lacking in jadedness... contrasting with some foks.
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