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

[Torque]

As long as the Chinese stay fascinated with their overhyped, overvalued tech stock market, bitcoin is not going anywhere.

[ChartBuddy]

Coin
Explanation

[spud21]

day trading is fucking boring..... how do people make money doing this shit?

Most people lose money when day trading, although the price is now so stable it's difficult to lose or make any money.

A few months ago there used to be wild price swings in short spaces of time that you could lose/make money off, but they seem to have stopped. Now the price is plain boring.

[cyclotronmajesty]

day trading is fucking boring..... how do people make money doing this shit?

Most people lose money when day trading, although the price is now so stable it's difficult to lose or make any money.

A few months ago there used to be wild price swings in short spaces of time that you could lose/make money off, but they seem to have stopped. Now the price is plain boring.

It's super boring and tedious way to make a buck. As soon as you sell you want it to go down, as soon as you buy u want it to go up... it's insanity. It's also really annoying because as soon as I sell the goddamn thing goes up and as soon as I buy the goddamn thing goes down.

[macsga]

day trading is fucking boring..... how do people make money doing this shit?

They don't. Bots do. Nevertheless, I presume that the time-delay interval is killing most of them. No exchange has an API which is THAT responsive to assure you the transaction will be done when it was programmed. Therefore, most of the times afaic the prediction; you're good, but just too late. On the other hand I know people that pay a lot of BTC to use such bots and -they claim- they got some BTCs back. Who knows?

[YourMother]

From Gemini Instagram, Launching soon:

https://instagram.com/geminidotcom/

Rocket to Moon: 
https://instagram.com/p/3e2gb8hNuJ/?taken-by=geminidotcom

The name Gemini comes from the Latin word for “twins,” and relates to the twins Castor and Pollux in Greek mythology.

Gemini = Twins = Two

So this means that Bitcoin will be in 2 digits by the time they will release that over-mediatized shit exchange.

[kingaltcoins]

why is the price stagnant? Why do I have a feeling someone has been dumping BTC for a long time, thus suppressing the price.

[Wandererfromthenorth]

day trading is fucking boring..... how do people make money doing this shit?

Most people lose money when day trading, although the price is now so stable it's difficult to lose or make any money.

A few months ago there used to be wild price swings in short spaces of time that you could lose/make money off, but they seem to have stopped. Now the price is plain boring.

It's super boring and tedious way to make a buck. As soon as you sell you want it to go down, as soon as you buy u want it to go up... it's insanity. It's also really annoying because as soon as I sell the goddamn thing goes up and as soon as I buy the goddamn thing goes down.

BTC is a market for position trading more than day-trading IMHO

Looking for bigger moves, holding a position for a few weeks/months.
When an obvious setup pops up (like a little pennant breakout/breakdown like we saw this past month) you can day-trade (closing the position after a few hours), but mostly you don't wanna over-trade this, during choppiness is better to do nothing and avoid trading noise.

BTC is known for big ridiculous moves upwards and for prolonged crashes into the ground. You don't wanna over-trade the little moves while missing the big ones  

Checking the price once every few days/weeks is sufficient for that, no stress required.
It's a relatively easy market to trade if you know what you are doing.

It's also really annoying because as soon as I sell the goddamn thing goes up and as soon as I buy the goddamn thing goes down.

There is a reason for that. It's no coincidence. It's because most of the time trading goes against what you intuitively would do when buying/selling. If you trade you need to decondition yourself and avoid thinking like the "herd".

We all think like the herd at the beginning  

[YourMother]

Just in case you forgot where we are heading to

[dakota neat]

Just in case you forgot where we are going

even then you won't be able to afford a whole bitcoin. give up and drop your dirty fiat bags, lol

[ssmc2]

[YourMother]

Just in case you forgot where we are going

even then you won't be able to afford a whole bitcoin. give up and drop your dirty fiat bags, lol

If it keeps going like this, i think i will be able to purchase a few mills by the end of 2018. But don't worry, i'm a good tipper. A few months ago i was tipping people with hundreds of thousands of flappycoins. This time imma do it with Gavincoin.

[ChartBuddy]

Coin
Explanation

[Patel]

From Gemini Instagram, Launching soon:

https://instagram.com/geminidotcom/

Rocket to Moon: 
https://instagram.com/p/3e2gb8hNuJ/?taken-by=geminidotcom

Launching an exchange is the easy part. After launch, getting volume and network effect is the hard part. Look at itBit for example. After their New york trust license, nothing significant happened. I don't expect any different for Gemini.

[phoenix1]

From Gemini Instagram, Launching soon:

https://instagram.com/geminidotcom/

Rocket to Moon: 
https://instagram.com/p/3e2gb8hNuJ/?taken-by=geminidotcom

Launching an exchange is the easy part. After launch, getting volume and network effect is the hard part. Look at itBit for example. After their New york trust license, nothing significant happened. I don't expect any different for Gemini.

Yeh, I'm not really seeing why there should be any significant price impact. We are just getting more fragmentation of volume across exchanges, which I am not sure is great for anyone except bots and arbers. Sure, no central point of failure, like Gox, but volume is going to need to pick up make all these ventures profitable.

Some will say it is one step closer to COIN - that may or may not be true. I have no idea if the SEC is looking at the two as a package.

[Patel]

Yeh, I'm not really seeing why there should be any significant price impact. We are just getting more fragmentation of volume across exchanges, which I am not sure is great for anyone except bots and arbers. Sure, no central point of failure, like Gox, but volume is going to need to pick up make all these ventures profitable.

Some will say it is one step closer to COIN - that may or may not be true. I have no idea if the SEC is looking at the two as a package.

I'm just speculating, but the Winklevoss are going to need to submit another S-1A without mtgox, btc-e and other foreign exchanges listed in it. Once itBit, Gemini, Coinsetter, Coinbase Exchange, and other US exchanges are the main ones with enough volume, they need to submit another S-1A and the SEC might approve it. I think that is one of the main things holding it up. I am expecting the ETF to go live maybe by summer of next year.

[phoenix1]

Yeh, I'm not really seeing why there should be any significant price impact. We are just getting more fragmentation of volume across exchanges, which I am not sure is great for anyone except bots and arbers. Sure, no central point of failure, like Gox, but volume is going to need to pick up make all these ventures profitable.

Some will say it is one step closer to COIN - that may or may not be true. I have no idea if the SEC is looking at the two as a package.

I'm just speculating, but the Winklevoss are going to need to submit another S-1A without mtgox, btc-e and other foreign exchanges listed in it. Once itBit, Gemini, Coinsetter, Coinbase Exchange, and other US exchanges are the main ones with enough volume, they need to submit another S-1A and the SEC might approve it. I think that is one of the main things holding it up. I am expecting the ETF to go live maybe by summer of next year.

That is an interesting angle. I am certainly wondering which exchanges will still be with us in 12 months time and how much 'territory' these new 'regulated' exchanges can grab.
Summer of next year, wow, that's a lot longer than many are hoping for

[publicjud]

Weekend shaping up to be interesting...

[Torque]

From Gemini Instagram, Launching soon:

https://instagram.com/geminidotcom/

Rocket to Moon: 
https://instagram.com/p/3e2gb8hNuJ/?taken-by=geminidotcom

Launching an exchange is the easy part. After launch, getting volume and network effect is the hard part. Look at itBit for example. After their New york trust license, nothing significant happened. I don't expect any different for Gemini.

Bingo.  Coinbase launched their exchange and look what happened?  Zilch. Nada. Tumbleweeds.  And they didn't even get licensed in all States, only about half of them.  I expect the same or less for Gemini.

[ChartBuddy]

Coin
Explanation