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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9897. (Read 26611279 times)

legendary
Activity: 2520
Merit: 3038
This year is perhaps the best example why hodling is way more profitable than trading. We had 4.5x raise of the price with 2 very short lived dips 20%+. If you are telling me that you predicted both dips and didn't sleep to catch the bottoms, then you are the best trader in the world. But the truth is that 99.99% of the traders didn't sold just at the moments before the price dropped. In all cases hodlers had the biggest profit. However, I must warn you that I sense some complacency and over confidence, that may play a bad game in your future trades. Based on the probability theory and the testimony of many traders, 10 successfull trades may and will be completely annihilated by the 11th, even if your are genious. And then you will be vulnerable to the negative emotions and make other bad choices which may bring a substantial loss. Your philosophy is proven to be wrong by the founders of the HODL movement. Bitcoin is not a shitcoin to be traded for 10% profit and then dumped. If you think so, better go to Poloniex or Binance and trade shitcoins.
I respectfully disagree. I am significantly better off for trading with a part of my stash - what I call the play money. At heart I'm a hodler, but I can't always (ever?) buy as much as I'd like, so a bit of trading on the side helps a lot. As to the 11th losing trade annihilating the previous 10 winning ones, I think it boils down to being careful and sticking to a reasonable quantitative plan. You win, you take it off the table. You lose, you lose and eat it and go on.

Of course, looking for exact tops and bottoms is a recipe for disaster. My point is, you don't need to catch the extremes to be profitable.

Disclosure: I've got a green long position which I'm getting a bit impatient to close, and a smaller short position, in the red, which I'm hoping to make a bit larger averaging up, ladder style. When the two positions are equal, my net position stays put, more or less, since one makes up for the other. Then it's a game of consuming the winning side and then the other one, aiming to reach the null point (0 long, 0 short).
legendary
Activity: 938
Merit: 2540
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Electrum Wallet Is Adding Support for Bitcoin’s Lightning Network

Quote
The popular wallet service Electrum is soon to add support for bitcoin’s lightning network.

Electrum’s founder Thomas Voegtlin told CoinDesk from the BIP001 blockchain event in Odessa, Ukraine, that work on the solution for sending lightning transactions with the Electrum wallet is now close to its official release.

While he declined to reveal a specific release date, Voegtlin said:

“We’ve been doing this work for about a year in a separate branch [on GitHub] and we’ve reached the point when we are ready to merge it with our master branch. This is going to happen in the coming weeks until the end of July, and it means that the next major release will have lightning support.”

https://www.coindesk.com/electrum-wallet-is-adding-support-for-bitcoins-lightning-network

legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
Good morning Bitcoinland and a belated happy 4th to all the Muricans here.

Seems we've been bouncing along sideways at about where we were 2 days ago or a week ago in the $11xxx range... currently $11400USD/$14935CAD (Bitcoinaverage).

Consolidating, coiling... a great time to accumulate.

Go Bitcoin go.
___

Genders?

Of course there are more than 2 genders. Gender is a grammatical term... masculine, feminine, neuter, common, etc.

There are 3 sexes: male, female and hermaphrodite. That's a simple matter of anatomy.
legendary
Activity: 1891
Merit: 3096
All good things to those who wait
Dailly, 4 hours and hourly BTC price charts all start looking bullish again and I think we are going back to 12.000$. If bulls will be strong enough and brake the resistance at 12.000$, then the next stop could on this year ATH which is 14.000$. From a few days, charts with different time intervals and indicators show misleading readings. Today for the first time all of them turned out to strongly bullish. Here is the four hours chart.

I also think today was an important day but from another point of view: Since 2017 each 30%+ crash stopped with a 25% bounce for 1-2 days. On the next days 12% are lost and there are two options. 1. Bulls try to force a bull run to the previous AYH, which always ends by a more prolonged sideways and deeper crashes. 2. The price consolidates with low volume around this price range. This is very important for the stable and organic growth henceforth. Fortunately, this is what is happening right now.


BTC volatility is also beautiful because give endless opportunities to earn an additional 20 or 30% every couple of days. Of course, is not so easy to time the market perfectly but I think that BTC shows a lot of signs before starting to crash. I rather sell high and wait for the pullback with peace of mind and try to find the best entry point possible. Is just very hard to be calm if we lose 30% in a few hours. That is why HODL is not my strategy this year and I am quite successful with trading.


This year is perhaps the best example why hodling is way more profitable than trading. We had 4.5x raise of the price with 2 very short lived dips 20%+. If you are telling me that you predicted both dips and didn't sleep to catch the bottoms, then you are the best trader in the world. But the truth is that 99.99% of the traders didn't sold just at the moments before the price dropped. In all cases hodlers had the biggest profit. However, I must warn you that I sense some complacency and over confidence, that may play a bad game in your future trades. Based on the probability theory and the testimony of many traders, even if you make 10 successfull trades, they may and will be completely annihilated by the 11th, no matter how big genious you are. And then you will be vulnerable to the negative emotions and make other bad choices which may bring a substantial loss. Your philosophy is proven to be wrong by the founders of the HODL movement. Bitcoin is not a shitcoin to be traded for 10% profit and then dumped. If you think so, better go to Poloniex or Binance and trade shitcoins.
legendary
Activity: 1652
Merit: 4393
Be a bank
No you can't sell a ledger. What kind of dumbo buys a second-hand hardware wallet?
legendary
Activity: 2338
Merit: 1122
Cloudbet | Best Bitcoin Gambling Site Since 2013
You’re giving away bitcoin, nobody is going to have a problem with that Cheesy

I was planning to give away a Ledger rather than BTC, but I guess it can always be sold for BTC once it's received?  Wink


Anyways sorry for the interruption, to get things back on topic:




Volume is rising with every pump. Sideways movement until late July, then up we go (unless there are any whales lurking around!)


legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
'Giving away' my arse

How much mate?
I might tap that shit at ‘the meet’

Cheesy Cheesy

Kidding.
legendary
Activity: 1652
Merit: 4393
Be a bank
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
^^
Best to put this in games and rounds cloubet representative.
The wo regulars here will come down on you hard for putting this in their domain. Cheesy

Thanks for the tip, I was thinking of going there anyway but wanted to check in with the true price speculators here.

I'll edit my post and take my feedback request to G&R before the pitchforks come out  Wink

Have a good day!

I don’t think you need to worry, Cloudbet. Mic does games similar to this so I don’t think anybody will moan.

You’re giving away bitcoin, nobody is going to have a problem with that Cheesy
legendary
Activity: 2338
Merit: 1122
Cloudbet | Best Bitcoin Gambling Site Since 2013
^^
Best to put this in games and rounds cloubet representative.
The wo regulars here will come down on you hard for putting this in their domain. Cheesy

Thanks for the tip, I was thinking of going there anyway but wanted to check in with the true price speculators here.

I'll edit my post and take my feedback request to G&R before the pitchforks come out  Wink

Have a good day!
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Afternoon all,

Hope all you hat club members and associates are doing well  Smiley

Sorry to interrupt the discussion, but I thought you would be the best people to approach for feedback - I'm currently planning a last man standing bitcoin price predictor competition where players have to guess whether the price of bitcoin will go up/down within the next 24 hours.

Format would include:

- A week long registration period
- Players asked to guess if the price goes up/down at 12:00+1 UTC the next day.
- Entries close at 10:00 UTC+1 each day so people aren't entering at 11:59  Wink
- Daily price snapshot would be taken from Tradingview.com to ensure accuracy.
- Process repeats daily until one person is left, or if still active after 4 weeks, a blockchain raffle between the remaining contestants.
- Bonuses for players reaching milestones, Nano Ledger Blue for the winner.

Would this be something you fine ladies and gents would be interested in joining? Any feedback/changes on the format?

Thanks in advance, and have a great day!






Sounds fun, I’d join Smiley
sr. member
Activity: 924
Merit: 311
#TheGoyimKnow
Scotland: 17-Year-Old Expelled From School for Saying There are Only 2 Genders; GoFundMe Closes His Account for No Reason

https://dailystormer.name/scotland-17-year-old-expelled-from-school-for-saying-there-are-only-2-genders-gofundme-closes-his-account-for-no-reason/

legendary
Activity: 2828
Merit: 1497
Join the world-leading crypto sportsbook NOW!
^^
Best to put this in games and rounds cloubet representative.
The wo regulars here will come down on you hard for putting this in their domain. Cheesy
legendary
Activity: 2338
Merit: 1122
Cloudbet | Best Bitcoin Gambling Site Since 2013
Edit: Cheerfully withdrawn  Wink

Moved here.




legendary
Activity: 3332
Merit: 1617
#1 VIP Crypto Casino
HM does a 2014-15 fractal overlay quite frequently. Does anybody or would anybody have a 2015-16 fractal potential overlay? This would potentially mirror what we are expected to see up to 12 months after the halving in 2020.

I’d be interested to see how the price is predicted to play out, if as HM predicts we hit the halving at or around $12,000 (matching the 2014-15 fractal).
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
Yeah I'd much rather we sat in this range for a bit and built a bit of a base again before the next run up. Was getting a bit silly

A period of sideways is never a bad thing. I’d be happy to trade in this range for a couple of months before a moon launch & subsequent new ATH by the end of 2019 Smiley
It's healthy always for the market.
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o





I am not an electronic guy and I think I never seen any kind of parts like this before too.

#ZeroKnowledge 😜
legendary
Activity: 3332
Merit: 1617
#1 VIP Crypto Casino
Yeah I'd much rather we sat in this range for a bit and built a bit of a base again before the next run up. Was getting a bit silly

A period of sideways is never a bad thing. I’d be happy to trade in this range for a couple of months before a moon launch & subsequent new ATH by the end of 2019 Smiley
legendary
Activity: 1235
Merit: 1202

$11k~ last night now $11.3k this morning. Shocked


I am observing $11,280 moving sideways, healthy and I am not much worried.

Good afternoon WO by the way.

Yeah I'd much rather we sat in this range for a bit and built a bit of a base again before the next run up. Was getting a bit silly
legendary
Activity: 2380
Merit: 17063
Fully fledged Merit Cycler - Golden Feather 22-23
Little OFF topic.

Do you know what is it?




A ROM.

Exactly the ROM helped the SATURN V to land astronauts on the Moon.

Quote
The Apollo Guidance Computer (AGC) had very little memory by modern standards: 2048 words of RAM in erasable core memory and 36,864 words of ROM in core rope memory. In the 1960s, most computers (including the AGC) used magnetic core memory for RAM storage, but core ropes were unusual and operated differently. Erasable core memory and core rope both used magnetic cores, small magnetizable rings. But while erasable core memory used one core for each bit, core rope stored an incredible 192 bits per core, achieving much higher density.2 The trick was to put many wires through each core (as shown above), hardwiring the data: a 1 bit was stored by threading a wire through a core, while the wire bypassed the core for a 0 bit. Thus, once a core rope was carefully manufactured, using a half-mile of wire, data was permanently stored in the core rope.

http://www.righto.com/2019/07/software-woven-into-wire-core-rope-and.html

Anyone willing to hardwire Bitcoin Core code in such a device?

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