Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9278. (Read 26713440 times)

Fuck you Fatty


Also look who made the top of the list  Gratz man - well deserved. 

 

Cancer vaccine on the horizon.

https://www.zmescience.com/science/universal-cancer-vaccine-could-be-on-the-horizon/

And also: never google your symptoms https://www.youtube.com/watch?v=Vn_ZkI7-IZ4&feature=share&fbclid=IwAR0O4tB4EetQTSmQALH4jg2PYEKCkzhR45lcaKFoKYVgeA3lOI5tpJi49pU

And also: it's Fuck you Fatty Friday.
Fuck you Fatty!

Price is slow bleeding,
Panic selling will follow.
Fill my bids. Lower.

Bulls looking weak. Shake the trees.

True and the folks who'd benefit from this sage advise first need to lose some more value in fiat before its real.

Don't hold fiat that you can't afford to lose. Because it's literally losing value relative to other deflationary assets every single day that you hold it.

#HODLBTC

I doubt that the whole concept of storage of value and investing is not as contradictory as you are making it out to be.

If you actually bought some coin rather than treating the matter theoretically (as a detached no coiner), you might come to understand the bitcoin situation a little bit better.

Perhaps?

Perhaps?

You said crypto and you said bitcoin.


You are actually referring to bitcoin or some shitcoins?

In any event, sounds like guy might be over-invested and does not read WO... or maybe the guy does read WO and his name is BMB, or Rosewater or some variation?



#metoo

Hey, if you want a good laugh, check this out. Ahahahaha.. "We need to eat the babies" AHHHAhahahhaha...  I'm crying, AHHHAhahah... Undecided, pro trolling or serious.
https://twitter.com/RealSaavedra/status/1179908480322289664

Might not be so funny when this bitch gets caught with a bucket of KFC.. Ahahahahhahaha....

From what I have seen a large part of the problem is using massive 12 volt power supplies that can put out thousands of amps. Those are run with copper bus bars past the miners and tapped off straight into the miner boards. Efficient and cheap power supply, but the problem is when a board shorts instead of just crowbarring a 1,000 watt ATX supply you're now feeding 1,000+ amps into the short. This turns the miner into a welding torch with flames coming out of the still powered 12 volt fans.

Hilarity ensues.

You may as well just ask everyone to ignore you now, clown.

Bitcoin may save us
Let not your heart be troubled
Unless one's coinless

OK, I should have said "no reason"

I speak the language of bitcoin, no translators necessary. However it would be cool to unearth Friedcat and all those Asicminers.....

Fuses always blow for a reason. Typically due to voltage sag from cheap-ass wiring or a shorted chip in a miner. No fuse=plasma fire.

Ah well.

.50 ?

the ones we are talking about are more like 3/4" copper pipe

A .22 fits.  No more blown fuses.

lol...snarf....roflamao...

1 merit

You could make a blog...Lightfoot lost in China looking for the ruins of an ancient ASIC data hall (myth?) and attempting with no language skills to revive some miners.

Heck, I'd pay for that blog!

We make different assumptions.

Yes, assuming both legs are closed at the same time (constraint that doesn't apply to me).


@fillippone, as usual your posts are instructive, thought-provoking or both. (That's how you amassed that disgusting mountain of merits in no time.) Even if in an amusing way, I was making a point. It took me a bit to digest your input and articulate a reply, so here I'm back.

When I said that unrealized P&L is, well, unreal, I failed to add "until you hit the wall": the wall of nonlinearity at liquidation. If you manage to avoid that wall, you statistically win the game.

I don't have formal training in economy or finance, but the mathematical advantage of playing both sides can be seen by integrating P&L over time along random walks with reasonable properties.  (Perfect absence of memory in the Markov chain sense is not even required. More something like ergodicity in the sense "the graph will eventually get back here, for sure!")


You assume P&L is instantly real, since current price is the best possible estimate of future price. Which it could be if there were a universal way to price risk and opportunity cost. Which I assume there isn't.

My own assumptions? "I'll never hit that wall because I keep my gameplay far from the sidelines." Taken to extremes: if I had infinite capital, I would not worry a bit. In other words: my bankroll is finite so I do worry of course, but I have low (negative?) opportunity cost for my play stash - it's better for me to use it to get moar btc at good odds than to collect dust in the freezer. As for the risk, I can't quantify it precisely, but it's bounded by the play stash amount if I stick to my rules.


Play money has an exclusive set of rules, such as "move excess play money to the cold stash when the amount reaches X", or every 2 months, or some combination that works for me. Another way to see it is: never let fiat enter the equation. Fiat for me is only relevant when I need it, and it comes from the main stash anyway. Once you've put away excess totaling 100% of your play stash, you're playing with house money. Once it's 200%, your risk still doesn't go to 0 (ergodicity hits both ways), but you have one "free" round where you can be wrong about never hitting the wall and still remain in overall profit.


I subscribe to your point about options. Most of my games are played with futures or swaps. Swaps are nice for the short side, since in a bull market they usually collect funding interest. I would love to have options available too! They would lower the cost of "insurance" a lot, if settled in kind. At the moment, options involve fiat unless I jump through hoops, so I do the best I can without them.

Numerical disclosure of sorts. Over the last week, I just gained 1% of the play stash with my short position by repeatedly closing it in small profit and reopening it higher. Last trade was 0.2% profit, new entry point just 10$ higher and 8% larger. Present short leg size a little over half the long (which is losing ~8% atm). A few more weeks like this and I will get even. If it goes down, I'm 8% better placed to profit again, while the margin buffer for the long has grown a tiny bit. My liquidation is well below 4k, and if I close the ultra-winning short before that happens, I'll gain about $500-$600 more breathing space, pushing it below 3.5k.

Yes, it is a bit of work actually. So what? A nice little hobby that pays out - an additional way to grow my HODLstash without forgoing, for example, a fancy restaurant or some other cozy reward. And I get to discuss it with some fine gentlemen too, which is a pleasure in itself.

Sorry this was a long post, and terribly OT at that - almost as if this discussion was about bitcoin!

Brother, try this out: press "Report to moderator" on your own post and enter the comment "Who are you?". maybe you will get an answer from him after.  

btw, I did not report your posts.