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

[conspirosphere.tk]

My guess is we're going nowhere unless some miracle happens and criplecoiners see the light or some macroeconomic disaster strikes.

luckily you guess wrong.

"The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of Gavincoiners is to disregard the first lesson of economics."

[1714326980]

1714326980

[cyclotronmajesty]

Futures settlement party starts the right shoulder of an inverse head & shoulders reversal pattern. High volume buying on Stamp this week. Asks thinning out while bid sides firming up.

Get 'em if you want 'em; not much selling left to push the price down.

(imo)

This.

If you believe the price will go up, buy. If not, don't. Waiting for it to drop $2-3 when we're waiting for a pump is a bit strange to me.

But, by all means, feel free to come here and bitch about how you narrowly missed your buy in price when we're $30 up.

Yea it's kind of bullshit.

The point of bidding I think is psychological. If you want a return to a certain price because of a loss before you're ready to invest again a bid can give you that option. My view is making or loosing money isn't a matter of knowing the market as much as it is just luck. So if you think your luck sucks, then you'll do more bids, but if you think you have good luck you'll just do market buys. Or if you're just impatient. If you think the market will go up up UP and not look back then just buy the market price. If you are patient and are not sure the market will go up fast then you'll try waiting for a dip in price. It's all based on personal confidence in the market. Also if you've recently put in a lousy trade and want another chance to correct for it you'll bid, just to keep your own finances in order, and if you're stubborn enough that might work.

 

[cyclotronmajesty]

Got a question about stop losses:

I trade(d) on Bitfinex. ( It's getting late in the game and i'm running out of funds.   i'm not investing another penny in crypto until I turn a profit on my current investment. So that means it will be a very long time - if ever. )

I made mistakes not using stop losses at first, but now my stop losses are the ones making me loose.
It seems every time I set one, the market magically dips to that level. IS this intentional?
I notice on Bitfinex it doesn't show your stop loss as "hidden" even if you choose hidden.

Is someone able to see these stop losses? And use their capital to exploit them by dipping the price just so you're stop loss activates and then buying it up again?
Because that is what seems is happening. And how do they do this? I'd like to do be able to do this in order to understand it.

If my stop loss is too big, i'll not gain anything, if it's too small it will not pick up any momentum. Third problem seems to be the rotten people purposely activating my stop loss.

[ChartBuddy]

Coin
Explanation

[bad trader]

It seems every time I set one, the market magically dips to that level. IS this intentional?

Not unless the exchange itself (employees of Bitfinex) plays against you.

I notice on Bitfinex it doesn't show your stop loss as "hidden" even if you choose hidden.

I don't think stop loss orders are ever supposed to be visible.

Is someone able to see these stop losses? And use their capital to exploit them by dipping the price just so you're stop loss activates and then buying it up again?
Because that is what seems is happening. And how do they do this? I'd like to do be able to do this in order to understand it.

It may be easy for someone to simply guess where the stops are. You should avoid placing them on obvious numbers.

[aztecminer]

My guess is we're going nowhere unless some miracle happens and criplecoiners see the light or some macroeconomic disaster strikes.

luckily you guess wrong.

"The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of Gavincoiners is to disregard the first lesson of economics."

right.. like there isn't another choice to migrate too when "cripplecoin" fails.

[ChartBuddy]

Coin
Explanation

[noobtrader]

anyone notice that in 30 minute bitfinex chart there is inverted head and shoulder, target price is 268

where you know the target price is 26*$ ?
can you give me source about it ?

this




@30 minute bitfinex chart, the head is 196, the neckline is 232.   232-196=36, 36+232=268

[ElectricMucus]

It seems Bitcoin slowly discovers why centralization in the financial system exists to begin with. The blocksize voting of BIP100 isn't that dissimilar to how a central bank operates.

Votes by a few mining pool dictate an important financial factor, just like in the central bank certain financial institutions get to vote on the decisions.
It may not make sense to regulate that particular one - the transaction count per time period, but nevertheless it is what it is. It's simply more practical.

[ChartBuddy]

Coin
Explanation

[oxiyusuf]

lets see how market can make bitcoin price going up or dropping again

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[bambou]

It seems Bitcoin slowly discovers why centralization in the financial system exists to begin with. The blocksize voting of BIP100 isn't that dissimilar to how a central bank operates.

Votes by a few mining pool dictate an important financial factor, just like in the central bank certain financial institutions get to vote on the decisions.
It may not make sense to regulate that particular one - the transaction count per time period, but nevertheless it is what it is. It's simply more practical.

It will kill Bitcoin's fundamentals.

[XCASH]

It seems every time I set one, the market magically dips to that level. IS this intentional?

Not unless the exchange itself (employees of Bitfinex) plays against you.

I notice on Bitfinex it doesn't show your stop loss as "hidden" even if you choose hidden.

I don't think stop loss orders are ever supposed to be visible.

Is someone able to see these stop losses? And use their capital to exploit them by dipping the price just so you're stop loss activates and then buying it up again?
Because that is what seems is happening. And how do they do this? I'd like to do be able to do this in order to understand it.

It may be easy for someone to simply guess where the stops are. You should avoid placing them on obvious numbers.

Traders with enough liquidity sometimes deliberately create spikes in the market to trigger stops. They know there will be huge numbers of stops placed at multiples of 10 and crash the price slightly below them after placing buy orders there. Afterwards they place higher value sell orders which they hope people will buy into on the bounce, and take profits.

[oda.krell]

XT as a threat, a manifestation of the frustration with perceived/real intransigence on the maxblocksize question from core devs, has done what it was intended to do... 1MB crowd got rekt, along with 20MB dreamers, and a compromise appears to be cresting the horizon. Jeff Garzik was right all along, sad it took a bunch of drama to get here. It was also a demonstration that the choice lies with the miners, which it absolutely does.

[tinfoil]
The entire blocksize limit episode was just a spiel, a way to move towards a reasonable compromise value by pretending to provide every interest group a "representative" for their position.

They all cooperated, working towards a previously agreed upon solution, but to get there, they had to play the role each of them is best suited for, Jeff standing up for the compromise / pragmatic crowd, Gavin for the iconoclasts / Bitcoin as payment system crowd, Mircea Popescu for the protocol literalists / Bitcoin as store of value crowd.
[/tinfoil]

[ChartBuddy]

Coin
Explanation

[ElectricMucus]

It seems Bitcoin slowly discovers why centralization in the financial system exists to begin with. The blocksize voting of BIP100 isn't that dissimilar to how a central bank operates.

Votes by a few mining pool dictate an important financial factor, just like in the central bank certain financial institutions get to vote on the decisions.
It may not make sense to regulate that particular one - the transaction count per time period, but nevertheless it is what it is. It's simply more practical.

It will kill Bitcoin's fundamentals.

Please, it hasn't been truly decentralized since GPU mining and pools, don't be delusional.
Giving voting privileges to nodes simply doesn't makes sense, too easily manipulated. We've seen that with the fake XT nodes popping up.

At least having votes from mining pools it's somewhat representative.
Merchants, Payment processors and other startups who simply are Bitcoin end users shouldn't have any say in the subject because they don't have the authority. Miners do, developers do, everybody else is free to leave if they don't like it.

[bambou]

It seems Bitcoin slowly discovers why centralization in the financial system exists to begin with. The blocksize voting of BIP100 isn't that dissimilar to how a central bank operates.

Votes by a few mining pool dictate an important financial factor, just like in the central bank certain financial institutions get to vote on the decisions.
It may not make sense to regulate that particular one - the transaction count per time period, but nevertheless it is what it is. It's simply more practical.

It will kill Bitcoin's fundamentals.

Please, it hasn't been truly decentralized since GPU mining and pools, don't be delusional.
Giving voting privileges to nodes simply doesn't make sense, too easily manipulated. We've seen that with the fake XT nodes popping up.

At least having votes from mining pools it's somewhat representative.
Merchants, Payment processors and other startups who simply are Bitcoin end users shouldn't have any say in the subject because they don't have the authority. Miners do, developers do, everybody else is free to leave if they don't like it.

On the contrary, whilst I may agree with part of what you say, I for one, sincerely believe that NOONE has or should have any power over Bitcoin. That is what makes its value.

Hence the decentralized consensus them businessmen are trying to catch, BEFORE THE NETWORK GROWS TO MUCH, and makes it nearly impossible to change anything. That is why the rush. But there is none actually, it is just mainstream propaganda, and y'all falling for it.

[Feri22]

It seems Bitcoin slowly discovers why centralization in the financial system exists to begin with. The blocksize voting of BIP100 isn't that dissimilar to how a central bank operates.

Votes by a few mining pool dictate an important financial factor, just like in the central bank certain financial institutions get to vote on the decisions.
It may not make sense to regulate that particular one - the transaction count per time period, but nevertheless it is what it is. It's simply more practical.

It will kill Bitcoin's fundamentals.

Please, it hasn't been truly decentralized since GPU mining and pools, don't be delusional.
Giving voting privileges to nodes simply doesn't makes sense, too easily manipulated. We've seen that with the fake XT nodes popping up.

At least having votes from mining pools it's somewhat representative.
Merchants, Payment processors and other startups who simply are Bitcoin end users shouldn't have any say in the subject because they don't have the authority. Miners do, developers do, everybody else is free to leave if they don't like it.

You sound like typical arrogant banker or politician...I hope people like you will never gain any power or vote on how the future Bitcoin will be...