Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7861. (Read 26691047 times)

legendary
Activity: 3276
Merit: 2442
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.

Ok, this makes no sense to me. Typically there is a 50/50 chance of a right guess. It is like a roulette. There is absolutely no indication which way it will go. How can you say that you make a profit if you have bought USD and it goes down? Btw, the biggest daily swing I see is 0.5%, which will be annihilated by the difference of buying/selling rates of the banks. If you are talking about the monthly swings, there are indeed two in the last year, but this was unusual. The rest 5-6 swings are under 2%. So you are counting on that these 4% swings will continue? On what grounds? And even if you have a couple more in one year, you will have like 2K-3K profit, if you are extremely lucky.  

And then what's the use of getting more USD if it crashes like in 2009 agains the euro? And what's the use of the profit in terms of euro if it crashes against the USD? I don't know, man, it just seems not well thought. You said that you started DCA-ing again and quit TA. I've sent you a merit for that decision. Now you start gambling again with fiat shitcoins which will continue to lose buying strenght because of... wait, what's that noise... brrrrrr. We know why we chose Bitcoin - it is decentralized, a real store of value which will continue to increase because of the limited supply halved in each 4 years, because of the mass adoption, etc. The bigger short-term volatility always turns to huge profits in long-term. But these are the basics which we all should know, right?

Yes the bold part is the best part of this trade. And it is not gambling when you win whatever the outcome is.

I am pretty much %50EUR and %50 USD right now and I can only get fully trapped in either one of these currencies if EUR/USD goes either below 1.00 or goes above 1.20.

So as long as that doesn't happen and keeps going low and high between 1.00 and 1.20 I keep making money because I buy low sell high constantly. Whenever it moves %2 or more. %4 is the total movement. It is %2 + %2. But I actually aim for 2.5%. So total is %5. But %2 is ok too. (Only trading a portion of my total reserves) It is constantly going up and down between this range for years. If it breaks it, it is fine, I'll just get more of that cheapo with my shitty currency.

Makes sense now?

I quit trading bitcoin. I am only DCA'ing it with small money because I can afford to lose that money.

FIAT is crap but that's what you want in the end. It is what people want. It is not going to disappear like most of you here think.

Believe it or not you still calculate something's worth of value with FIAT. Not gold, not bitcoin, not seashells. It is USD and/or EUR. These are the major world reserve currencies and no matter which one you get in the end it is fine. On one side you got USA, god emperor Trump and its major corps like Microsoft, Apple, Google, Nvidia, Intel, CocaCola etc. On the other side, you got EU, I mean Germany  Grin and Queen Merkel and its huge corps like Mercedes, BMW, Siemens etc. As long as we exist, we'll want any product from these companies. And as long as countries like mine exist, there will be infinite amount of interest in these currencies because our currency is well, crap. (It is crap because it is not backed by enough manufacturing power)

USD is basically a stock share of USA, EUR is the same thing for EU (mostly Germany and some France) These currencies get their power from their manufacturing power. They are backed by real companies and work power. What manufacturing power BTC has? Some Chinese making ASICs don't count. Not saying BTC is useless neither but too volatile and unpredictable for me. And it is experimental tech. We are still being ruled by the governments and yes I do believe they can shut that shit down. It won't go to zero but they can make it stay at $100 for a very long time.

Until recently I also was thinking the same for BTC but that %40 drop happened recently scared me. I am back to where I was 3 years ago both mentally and financially when I started DCA'ing BTC . (don't risk more than you could afford to lose) It just made me remember how I used to feel about BTC and I don't really want to forget that feeling again.

I was trading the EUR/USD pair long before I started buying BTC and I made good money there. That's where I went back again. I think I'll keep doing it because it is doo damn easy, risk free and stress free. I quit TA because I don't even need TA to trade that pair. It is just a waiting game.

China's manufacturing power is huge too but they'll either get nuked or some other bad shit will happen to them because USA can't afford that. And I don't really want a world where China is the ruler. Fuck em.
legendary
Activity: 3808
Merit: 7912
I would have gone in for a free burger which rules out Krishna as well but nobody would ever accuse me of being hairless... I do play a mean tambourine.

Nope. No burgers in Krishnaland. They do give out weird vegan crap though.

Back in the early 1970s I answered an ad in the Bargain Hunter Press (later called Buy and Sell) for a P.A. amp at an incredible price. It was only a little over a block from our house on Gerrard near Jarvis but I didn't realize until I got there that it was the Krishna "Temple".

I double checked the ad to make sure the address was right and knocked on the door. The air was filled with incense, chants and the jingling of little bells. Some dude in saffron robes invited me in and immediately started to try to indoctrinate me.

I explained I was there for the P.A. amp they'd advertised. I realized some poor sucker had relinquished his worldly goods to the "church", including a Bogen 100W PA amplifier. Saffron Robe Dude was now worked up to a fever pitch trying to get my cash and sign me up. Maybe he thought he could get me to relinquish it after I'd paid for it. Get twice the mileage out of the classified ad and maybe sell it to someone else.

I asked for a receipt and when he came back with a receipt book he was also carrying some kind of weird seed-cake wafers which he offered to me as "food". I tasted it to be polite, thanked him, grabbed the P.A. and got the fuck out of there. The P.A. worked great until it was stolen from a bar we played in.

Ain't religion grand?

 That's an awesome story.   You lived right in the heart of TO - Eaton's Center, Maple Leaf Gardens, The St. Lawrence Market, Nathan Phillips, Massey Hall, Sam the Record Man...  So many old memories of TO are flooding back.  I'm going to have to take the family there for a few days this summer to look around.  I haven't explored the downtown in ages and I'm sure I wont recognize it.


legendary
Activity: 938
Merit: 2540
<>
Shit, my dream girl.

Thanks, just popping off to self isolate in the toilet!

Edit -

+10 for the present Cheesy

You didn't have to, but thanks anyway. Wink
hv_
legendary
Activity: 2548
Merit: 1055
Clean Code and Scale
hmm, so you say because there is this halfening big blocks are good ?

 Shocked

Uh, no. I was saying bcashers who had been waiting up to 5 hours for their transaction to process woulda been pretty pissed if they had to wait for yet another block.

Of course, the whole point of having bigger blocks isn't so you can cram transactions built up over the span of 5.5 hours into a single block, but it is a benefit in the face of bcash's wonky block times.

Lol - define SPAM

they even pay little fees  ->  no spam at all
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Shit, my dream girl.

Thanks, just popping off to self isolate in the toilet!

Edit -

+10 for the present Cheesy
legendary
Activity: 2520
Merit: 3038
Hey, my own sister thought her first kid smelled bad when she was pregnant with her second. I explained that this is so she doesn't get the bright idea to eat him.

Lots of stuff has very practical evolutionary reasons. This is just one of them.

Your understanding of evolution seems a bit shaky.
Feel free to propose an alternative hypothesis. I can't fucking wait to see what you come up with.

Response to taste and smell changes during pregnancy. This is probably due to biochemical/hormone dynamics. There might be evolutionary advantages in that (what's good for the mother, what's good for the fetus etc), but the benefits of any anti-cannibalism effect seem dubious at least.
legendary
Activity: 938
Merit: 2540
<>
Yeah but her tits are fake. You all know that right?

Your cucumber would look small Cheesy
legendary
Activity: 2380
Merit: 17063
Fully fledged Merit Cycler - Golden Feather 22-23
Yeah but her tits are fake. You all know that right?
This is something way less relevant than BCH halving.

legendary
Activity: 1652
Merit: 4393
Be a bank
You're fake. Leave her alone.
legendary
Activity: 2268
Merit: 1278
Yeah but her tits are fake. You all know that right?
legendary
Activity: 938
Merit: 2540
<>
^
Here you can warm the ears.
legendary
Activity: 2380
Merit: 17063
Fully fledged Merit Cycler - Golden Feather 22-23

ellamadonna! Holy Cow!

This is a bit harsh in a quarantine-social distancing period.

legendary
Activity: 3010
Merit: 8114
hmm, so you say because there is this halfening big blocks are good ?

 Shocked

Uh, no. I was saying bcashers who had been waiting up to 5 hours for their transaction to process woulda been pretty pissed if they had to wait for yet another block.

Of course, the whole point of having bigger blocks isn't so you can cram transactions built up over the span of 5.5 hours into a single block, but it is a benefit in the face of bcash's wonky block times.
legendary
Activity: 938
Merit: 2540
<>
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, LFC

I made a record in case you want to save your 3,000 merits. Wink

https://bitcointalksearch.org/topic/m.54178645
legendary
Activity: 2268
Merit: 1278
Hey, my own sister thought her first kid smelled bad when she was pregnant with her second. I explained that this is so she doesn't get the bright idea to eat him.

Lots of stuff has very practical evolutionary reasons. This is just one of them.

Your understanding of evolution seems a bit shaky.
Feel free to propose an alternative hypothesis. I can't fucking wait to see what you come up with.
legendary
Activity: 2380
Merit: 17063
Fully fledged Merit Cycler - Golden Feather 22-23
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

Impressive mate.
Merits AND activity.
This put you on a totally different league than us plebs.

EDIT: Sorry, had to manually correct an invalid amounts of merits. I 'm slow at getting the jokes.

legendary
Activity: 2520
Merit: 3038
Hey, my own sister thought her first kid smelled bad when she was pregnant with her second. I explained that this is so she doesn't get the bright idea to eat him.

Lots of stuff has very practical evolutionary reasons. This is just one of them.

Your understanding of evolution seems a bit shaky.
legendary
Activity: 3122
Merit: 1538
yes
Another 12-18 hrs drifting sideways ahead in an attempt to correct. The bullish/brave/foolish (pick your mood) use the time to accumulate some more. Shorters will be shafted after play hours are over.
legendary
Activity: 1652
Merit: 4393
Be a bank
https://ttmygh.com/hmmminars/
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