Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9281. (Read 26713421 times)

My moms on Hospice, she has stage 4 COPD and Emphazema, I have a 9 year old daughter. I hate it for her the most. She has no life. We cannot ever just take a trip somewhere as she requires 24 hour care.. I agree I hate it for the wife. It is hard on the family that and bills begin to pile up. It gets really stressful.  

My definition of a vacation is camping or renting a cabin 20 min away from my house. I have to stay close enough in case of an emergency (She falls or something) i can go get her up. I have not been to see my dad 2000 miles away in almost 4 years. I have noone to help me. But I promised I would never put her in a home. So now my daughter and I have to suffer because of it.  I wish him  and his family the best of luck!

I have been posting the 4h chart for a day or two. So here is my daily chart analysis regarding the direction.


Tonight's close is really crucial if you see the RSI. we sort of just edged out of the oversold zone but couldn't hold it and went right down into it again. If until the close of the candle we can get back into 20-80 RSI range then definitely there is a change in trend. Also you can see the MACD histogram going down which means MACD crossover can take place in a day or two but for that RSI needs to close above the 20 mark. We currently aren't exactly bearish but not even bullish. If the close is below 20 & we break the 8000 support then get ready for a shakedown until the edge of this parallel downward channel. which may be somewhere around 6k. All on All currently you can stay out of the market even the 4h chart is somewhat not giving anything the double bottom miserably failed as we break below the neckline. Here is that analysis:
https://bitcointalksearch.org/topic/m.52607399

Yeah TBH it’s his wife I feel for the most

We should see some BTC highs around the $8400 range,  That is where I would sell. We should then see a correction again to around the $8000 range but it is very possible that we reach lows around the $7800 range. If I was to sell I would put a buy in around the $7800 range. Then I would watch the market. If it seems like a sharp decrease in price I would possibly even wait for the $7500 range.. We will see BTC around the $7500 range atleast 1 more time this week!


My October 5th closing price will be $8642!

Hedge at the start - Trading System

let's play it simple without leverage just 1 BTC positions in USD.

bid price is 8200
ask price is 8250
spread is 50

you sell (sl -250) at 8250 - from start it equals to -50 in profit
you buy (sl -250) at 8200 - from start it equals to -50 in profit

price goes to 8400 - sell liquidated with -250 profit - buy with +150 in profit
price must go to 8500 to be break-even (w/o fees for both positions)

or

price goes to 8000 - buy liquidated with -250 profit - sell with +150 in profit
price must go to 7900 to be break-even (w/o fees for both positions)

it's kind of break-out system with a range of 500 600 (w/o fees for both positions). there MUST be a range break-out > 300 to be profitable and ranging withing the range will increase the losses every time a sl is hit.

*correct me please if I did a calculation error

EDIT: in my eyes it's a poor system. better you have a range defined and buy above the range and sell below the range because then you will not add several losses if there is no break-out of the range for a specific time.

Sorry HM, really terrible. I hate cancer

whats the hell??
such a confidence. I thought you are a bot.

Very funny.
Merited.

Sorry to hear that Bob. I have a good friend who was diagnosed yesterday. Terminal.  Valar morghulis  

And copy-past of shitmoon tweets.

No. Difficulty reset period is 2016 blocks. Which works out to two weeks when the average block interval is exactly 10 minutes.

If some New Technology bursts on the scene that can mine faster then the existing network, those 2016 blocks will be mined much faster than two weeks, at which point the new difficulty will be reset to take this new hash power into account, resetting back to ten-minute block intervals.

That assumes that such New Technology would be applied to Bitcoin mining in a step function -- machines at scale, as opposed to ramping up warehouses of machines one warehouse at a time.

However, quantum computing is not that New Technology to begin with.

---

again.

::le sigh::

I always feel for people who have to life with good people/friends etc passing to early in life..... 

I know leaving them won’t make the happy or whatever but the gesture you will make is very kind....
I know there will not be anything that could bring joy in these hard times, but I hope you find some good companion friendship IRL....

You have my best possible thoughts with you and I know many others feel the same way in this place!
Enjoy a small drink @these times and think of the best moments you had with your friend and his family!!!
I hope you will keep having good times and you will keep being a good friend to that family as I’m sure you will be!!

Be good my fried, it’s maybe a small thing, but this Dutch members you can consider to be a friend!

(Also nothing wrong with sharing a thing in here, as I met a few IRL, I know one of the members did shared a thing in here as well and when I met him IRL... I know he had a good feeling we caring about this matters)

So... Quantum computer FUD has now entered WO thread?

I see now. If you count unrealized P&L as real, then it's just as you say. I still think it's called UNreal - ized for a reason.

so sad! give you a huge hug! #nohomo

Right, in about two weeks (how long is the average difficulty change interval?) they could break havoc.
IF they manage to pull it off while coins are still being mined  

The only think that is important is that you are long 9 BTC.
That's it, you can look as 10-1 11-2 100-91 or whatever.
 
All the profits and all the losses are real, it doesn't matter if they are realised or unrealised, they are real.
If you bought ATH in Dec 2018, your losses are real, even if you are still hodling.

I imagine the first group to target mining with QC would only need an hour to mine enough coins to drastically dilute the price. Remember the Russian physicists who got caught trying to mine with military tech?

It seems that your elaboration is largely correct, yet it should be considered that BTC prices tend to go up and down a quite a bit, but largely UP in the longer run.   So in that regard, it might just be better to merely buy and hold, but if you feel more comfortable employing some downward risk strategies, then you can be better off, and even have more bitcoin when the price does finally go up.  Of course, you have more bitcoin and less cash, but the value of your bitcoin is higher, so ultimately it still seems to me that your overall portfolio is stronger if you attempt to prepare your portfolio for either price direction - while presuming that in the longer run, BTC prices are going up (even if it takes 5 years or longer to accomplish such UP based on peaks and troughs that we are used to experiencing in bitcoin).



Hopefully, higher is the case with bitcoin, and surely we are investing in a risky and pioneering asset, so maybe part of the contribution to the space is appreciating that BTC might not go up, and in that sense, you end up losing money on your investment, even though you had invested in something that you had believed to have a positive future price potential.



I don't recall talking or reading about mark to market in this thread, so it might be a conceptualization that is lacking in this thread.   Surely, I am open to whether it applies to what we are doing, or whether we might be helped by further discussing it.  I think that whatever d_eddie has been doing has been profitable for him, and will likely continue to be profitable, whether it fits with some other kind of accounting theory or not.



I have my doubts regarding HODLing being the "best" strategy, even though it seems to be the easiest.  One of the most inevitable dynamics of bitcoin is that it ongoingly experiences decently large sizes of volatility.  So, engaging in various trading practices could cause both volatility insurance and an ability to profit from something that is nearly inevitable.  Of course, life might be less stressful and it might take less work to merely buy BTC and HODL BTC, and even if a large number of folks are likely to lose money and time from their trading efforts, there can still be more solid systems (and perhaps d_eddie has found one) that allows for greater returns (even accounting for fees and time spent) from employing such system rather than merely buying and holding.



Edit also:
You better be ready for another matter that has shown to be nearly inevitable.   

Quantum computing brings little advantage to hashing. Specifically to SHA256 - the algo used in Bitcoin mining. Accordingly, Bitcoin mining will be an uneconomical activity for relatively scarce and relatively expensive quantum computers. It won't be like flipping a switch, so it won't bear heavily on the difficulty adjustment.