Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9257.

xhomerx10

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Quote from: NeuroticFish on October 07, 2019, 10:34:33 AM

Although the candles for the last hours really look nice, I start to miss the days of 10k. Any predictions on when will they be back (whether in the way to 100k or not yet)?

And about Vodka - I've seen that in Ukrainian it's "horilka". No. Bad translation imho.
In Romania, I've drank horinka: it's basically a different name for palinka and it's clearly not Vodka. Palinka (horinka) is double-distilled fruit brandy, usually 48-58% alcohol, vodka is distilled from cereals with only some 40% alcohol.

I've got a bottle of palinca de pruna from Emil Florescu - Comuna Cuca - Jud Arges which I still haven't tried. I bought it for all of the medical benefits listed on their brochure - a balm for the heart - is what really sold me on it Wink

becoin

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Quote from: d_eddie on October 07, 2019, 10:36:39 AM

I started doing this as a hedge (to mitigate damage).

It is not a hedge and certainly you don't mitigate any damage!

Lets say you hold 5 bitcoins short and 7 bitcoins long positions. I hold 2 bitcoins long position. Price movement in either direction will bring both of us one and the same profit or loss. The only difference between us is that I pay rollover fee for 2 bitcoins while you pay rollover fees for 12 bitcoins.

bitcoinPsycho

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$120000 in 2024 Confirmed

Quote from: makrospex on October 07, 2019, 06:55:52 AM

Quote from: Traxo on October 07, 2019, 06:00:27 AM

Quote from: makrospex on October 07, 2019, 01:08:52 AM

I bet it's his search history.

Why guess? See for yourself. Takes even less time than writing your insightful post.

guess != bet.
I'll send you a PM if i happen to find your sense of humor somewhere Wink

Quote from: bitcoinPsycho on October 07, 2019, 05:12:42 AM

Pump up the jam, pump it up
While you feet are stompin'
...

Salt'n Pepa!!!
Thanks for refreshing these memories Grin

Scraping around $8k again.

Salt n pepper no . It is Technotronic from Mic g's home country Cool

d_eddie

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Quote from: becoin on October 07, 2019, 10:28:34 AM

Quote from: d_eddie on October 07, 2019, 09:31:41 AM

What you say sounds true if taken literally and out of context, but I know I consistently gained from this, at varying rates according to market volatility and predictability.

You've gained from this because price moves within range. If price gets on a trend you'll lose twice as much you've gained during the range trading. Holding both short and long positions is very expensive way to purchase adrenaline. Bungee jumping is much cheaper and will get you more adrenaline.

Even if price gets on a trend, it's never a one way march. There are bound to be waves on several time periods.

And I don't do it for the adrenaline. If I could kill the emotion factor altogether, I would. I started doing this as a hedge (to mitigate damage). I turned it into a ladder à la JJG/jbreher, only doubled: one up, one down. Now I don't want to run the negative ladder anymore, so it's morphed back into hedging when she goes down, so I get some relief with my long, which I will hopefully close in profit, or at least with a lesser loss than what I have gained scraping scalps on the short.

NeuroticFish

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Looking for campaign manager? Contact icopress!

Although the candles for the last hours really look nice, I start to miss the days of 10k. Any predictions on when will they be back (whether in the way to 100k or not yet)?

And about Vodka - I've seen that in Ukrainian it's "horilka". No. Bad translation imho.
In Romania, I've drank horinka: it's basically a different name for palinka and it's clearly not Vodka. Palinka (horinka) is double-distilled fruit brandy, usually 48-58% alcohol, vodka is distilled from cereals with only some 40% alcohol.

xhomerx10

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Quote from: JSRAW on October 07, 2019, 08:23:28 AM

^^ He is from Indian Subcontinent Grin

To his defense Indian subcontinent has more than 30 + official languages ( Main languages : Hindi, Urdu, Tamil, Punjabi, Bengali, Dari,Pashto, Sinhala,Gorkhali etc) and not counting thousands of other dialects.

I did investigate asian languages for the pronunciation of Vodka as well and half are pronounced Vodka (except where there is no vee sound and then it is replaced by a bee or a you sound). The other half are using a word that sounds like arak... except for Armenian -oghi- which is just out there on its own - whichever Armenian coined that word must have had a very bad experience with Vodka. In all honesty, I was just trying to be funny but I got a little carried away with my research.

becoin

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Quote from: d_eddie on October 07, 2019, 09:31:41 AM

What you say sounds true if taken literally and out of context, but I know I consistently gained from this, at varying rates according to market volatility and predictability.

You've gained from this because price moves within range. If price gets on a trend you'll lose twice as much you've gained during the range trading. Holding both short and long positions is very expensive way to purchase adrenaline. Bungee jumping is much cheaper and will get you more adrenaline.

mindrust

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Infidels will suffer for not believing Asuka the prophet. Our salvation is arrives soon.

Observing $8200+

$100k next year, incoming

yazher

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You own the pen

The price just slightly increases today Maybe this is the start of something feasing?

LUCKMCFLY

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Leading Crypto Sports Betting & Casino Platform

It would be phenomenal that this year the candle culminates like that of 2013.

Source: https://twitter.com/ChartsBtc/status/1181215870216892417

VB1001

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<>

https://twitter.com/whale_alert/status/1181144985124708352

d_eddie

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Quote from: becoin on October 07, 2019, 09:22:46 AM

Quote from: d_eddie on October 07, 2019, 08:24:56 AM

Short closed with tiny profit. Long still suffering. Wait and see.

Holding equal size of both short and long positions at the same time is very stupid indeed. You just pay rollover fees on both sides without any chance to make profit or loss.

What you say sounds true if taken literally and out of context, but I know I consistently gained from this, at varying rates according to market volatility and predictability. I'm not talking about life changing money, or even about a significant multiple of the play stash for each trade. It's several small trades adding up, most of which (an overwhelming ~90+% ballpark) yield nonnegative profit. So how can that be if what you say is correct? The answer, again, is in the underlying assumptions.

1) Not necessarily equal size
2) Not necessarily open at the same time
3) Not closed at the same time
4) Some exchanges award you maker rebates (negative fees) if you are a market maker (use limit orders only).

becoin

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Quote from: d_eddie on October 07, 2019, 08:24:56 AM

Short closed with tiny profit. Long still suffering. Wait and see.

Holding equal size of both short and long positions at the same time is very stupid indeed. You just pay rollover fees on both sides without any chance to make profit or loss.

d_eddie

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Quote from: Bossian on October 07, 2019, 09:08:55 AM

Quote from: rebal15 on October 06, 2019, 03:29:04 PM

is there enough cash for $50k BTC. I mean, if holders will sell at $50k, can exchanges and all others business pay sellers?

If the supply and demand is real, then yes they should have the funds, if someone sells at 50k, someone else buys at 50k, unless the exchange platforms bring most of the liquidity themselves, but don't have any reliable info about this.
I bet a few exchanges perform arbitrage too.

"A few"?

Bossian

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Quote from: rebal15 on October 06, 2019, 03:29:04 PM

is there enough cash for $50k BTC. I mean, if holders will sell at $50k, can exchanges and all others business pay sellers?

If the supply and demand is real, then yes they should have the funds, if someone sells at 50k, someone else buys at 50k, unless the exchange platforms bring most of the liquidity themselves, but don't have any reliable info about this.
I bet a few exchanges perform arbitrage too.

LUCKMCFLY

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Leading Crypto Sports Betting & Casino Platform

Appearing bulls are reacting ..

teosanru

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Quote from: Vispilio on October 07, 2019, 08:52:30 AM

It's good that BTC didn't break below last week's lows, the tight channel held, now it's coiled for a potential explosive move upwards if price

can close above 8500 within 1-2 days, the likelihood of a bullish breakout now is considerably greater than the opposite scenario.

Daily chart looks awesome now. We are done with all downward movement. The MACD is about to crossover from below the zero point which shows clear sign of bullishness. We can see a pump till 9k in a day or two if today's close is above the yesterday's open. We are creating a sort of tweezers bottom which too is considered quite bullish. Not to forget RSI took looks divergent and has entered the normal zone from the oversold zone. Hopes are high that we can see a bullish candle soon.

Vispilio

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It's good that BTC didn't break below last 2 weeks' lows, the tight channel held, now it's coiled for a potential explosive move upwards if price

can close above 8500 within 1-2 days, the likelihood of a bullish breakout now is considerably greater than the opposite scenario.

Gyrsur

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