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

[Searing]

I think I can finally say it


This is the adoption phase...where bitcoin is meant to rule them all


Russia Mining Coin... RMC - https://twitter.com/rmc_coin?lang=en


Japan Coin.... J-Coin - https://www.cnbc.com/2017/09/27/japanese-banks-cryptocurrency-j-coin.html


Utility Settlement Coin.... USC - https://www.coindesk.com/hsbc-barclays-join-utility-settlement-coin-as-bank-blockchain-test-enters-final-phase/


these are only a few of the now government, bank and financial industry backed and built crypto that we have been waiting for so the whole world can adopt crypto

Yep...adoption phase as you state above

fight them phase (banker's/gov'ts/etc) below

so the war goes on

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[Ludwig Von]

Looks like my "Incremental" sell order @ 3650 € is going to be filled... . Now hoping that my "Incremental" buy orders @ 3100 and 2900 € also will be filled in a reasonable period (weekend?)

Doesn't it feel sort of odd hoping the price goes up _and_ the price goes down? I'd be too conflicted.

Me too, but I am following JJG 's strategy, only for now I never sold yet, only bought when BTC went down... .

[LewisPirenne]

Heyyyy....   R000000aaach!!! ..  where are you??..  WTF!?!?? is up with gold & silver??    

https://www.bullionvault.com/silver-price-chart.do

Btw.. is that blockchain based gold & silver trading platform out yet?? .. gives us a heads up when it comes out, we want in on that!

Not sure what is really up with gold and silver, but they normally trade in inverse to US Treasury yield and US Tsy 10yr/ 5yr/ 2yr all got obliterated yesterday.
There is serious chart breakdown and 2 yr tsy just hit the lowest (highest yield) since 2008~2009! 
So it's either this new US tax cut plan or Trumpflation or Fed upcoming rate hike or the temp jump in inflation from the multiple hurricanes hit in the US, that's prompting the selloff in tsy and hence precious metal.   

[pfrtlpfmpf]

Looks like my "Incremental" sell order @ 3650 € is going to be filled... . Now hoping that my "Incremental" buy orders @ 3100 and 2900 € also will be filled in a reasonable period (weekend?)

Doesn't it feel sort of odd hoping the price goes up _and_ the price goes down? I'd be too conflicted.

Yep, i feel like a pervert !

[Ludwig Von]

[/quote]

Yep, i feel like a pervert !


[/quote]

Shall we make a club? The BTC perverts?

[Karartma1]

Not that I'm complaining about the price ($4,247 USD/BTC @ GDAX at time of this post), but I'm not sure what's driving this latest rally.

Any ideas ?

Also, nice to see RogerBucks back down to position #4 below Ripple.

What is very surprising is the XRP spike up. I know many banks are stocking XRPs for further developments (it looks like every major bank is getting a few ripple nodes to play with) but still that does not explain it fully.
As of RogerCash, being left behind Ripple/Ethereum is very sad 

[JayJuanGee]

Guys, i got it, its 0.0248 %, i´m sitting here, watching my money grow, funding at Finex, tell me it´s too good to be true. Damn, why is everybody setting their offer at 0.0248 ? i´m settling for 0.0247 % . Damn, did it again  

0.0246, because i´m not stupid  

Call my response a PSA (public service announcement).

pfrtlpfmpf:  If you attempt to be a bit more strategic in your approach, you can get better rates.  Sometimes the rates spike, and when that happens, you will get better rates, sometimes they spike into the .1% and above and sometimes even higher - such as when there was the shortage of BTC around August 1 and they spiked near 1% daily.  Of course, Poloniex was spiking to nearly 5% daily... outrageous!!!

So, anyhow, when a lot of folks (or a lot of money) wants to get in and to short (even if erroneous in their thinking) the rates will spike (and .0248% is more of a normal and even a bit low rate, when you could get a bit more than that, if you play a bit more strategically and have a bit more patience).

[JayJuanGee]

Looks like my "Incremental" sell order @ 3650 € is going to be filled... . Now hoping that my "Incremental" buy orders @ 3100 and 2900 € also will be filled in a reasonable period (weekend?)

Maybe I am doing two PSAs in a row?  hahahaha  

When you consider in terms of incrementalism, you try NOT to get too excited about whether your buy orders get left behind... so yeah, sure it is nice that your incremental sell orders are getting filled.. so you have to set them low enough that you don't really care whether the complimentary buy orders are filled as well... accordingly, you should set your sell orders so freaking low that even if we never go below 3650 €  ever ever again, you don't give a ratt's ass.. and you are fairly emotionally neutral about the situation (at least mostly neutral.  I understand that we are not bots, except maybe experienced expert Odalv... )

[Ludwig Von]

Looks like my "Incremental" sell order @ 3650 € is going to be filled... . Now hoping that my "Incremental" buy orders @ 3100 and 2900 € also will be filled in a reasonable period (weekend?)

Maybe I am doing two PSAs in a row?  hahahaha  

When you consider in terms of incrementalism, you try NOT to get too excited about whether your buy orders get left behind... so yeah, sure it is nice that your incremental sell orders are getting filled.. so you have to set them low enough that you don't really care whether the complimentary buy orders are filled as well... accordingly, you should set your sell orders so freaking low that even if we never go below 3650 €  ever ever again, you don't give a ratt's ass.. and you are fairly emotionally neutral about the situation (at least mostly neutral.  I understand that we are not bots, except maybe experienced expert Odalv... )

The best about it is, you can cancel orders and make new ones... .

[JayJuanGee]

Looks like my "Incremental" sell order @ 3650 € is going to be filled... . Now hoping that my "Incremental" buy orders @ 3100 and 2900 € also will be filled in a reasonable period (weekend?)

Doesn't it feel sort of odd hoping the price goes up _and_ the price goes down? I'd be too conflicted.

EXACTAMENTE!!!!!!!!

Even the Blind are starting to get it!!!!!!   


That is exactly the point why you gotta set your sell orders low and stop fucking trying to gamble with your bitcoins.

The point is to accumulate bitcoin and to protect your portfolio from downside risk, and don't be selling too many of them... what if we go to $10,500+ and then you sold 85% of your bitcoin between $4250 and $7320.. and then you don't feel like you gots enough bitcoins to sell above $7320.. and then that means you have blown way too much of your wadd and kind of screwed yourself over from what is reasonably within the realm of possibilities  -and that is bitcoin's tendency to overshoot expectations.

So in the end, we gotta set ourselves up to prepare for overshooting.. and to expect the unexpected.

[JayJuanGee]

Looks like my "Incremental" sell order @ 3650 € is going to be filled... . Now hoping that my "Incremental" buy orders @ 3100 and 2900 € also will be filled in a reasonable period (weekend?)

Doesn't it feel sort of odd hoping the price goes up _and_ the price goes down? I'd be too conflicted.

Me too, but I am following JJG 's strategy, only for now I never sold yet, only bought when BTC went down... .

I don't mean to be too critical nor pedantic with my earlier posts; however, ultimately, you need to play with the strategy (sell on the way up and buy on the way down) in order to get comfortable with the level of increments and the quantity of coins, and I made a lot of mistakes in the beginning too.. when I sometimes got emotional and sometimes deviated from the plan.. but it does work if you figure out a kind of small enough level of increments and you are really only selling and trading profits, rather than principle.

Furthermore, when I began, I was buying/selling in very small increments, but as the price goes up, my increments go up... so currently my increments are like $100.. you have much bigger increments than me, and I think that you gotta stack first and play for a while with smaller increments to build your stack on both sides before you start moving to BIG ASS increments... but whatever, you play with it and figure out a variation that works for you and your situation and without stressing yourself out about it.

I have been employing such a strategy (sell on the way up and buy on the way down) since $250.. so I surely have sold a whole hell-of-a-lot of coins at prices in which the price never came back down to those levels, and I still have considerably more coins now than when I started  and my average cost per coin is down and while largely using only profits to buy back.

[pfrtlpfmpf]

Looks like my "Incremental" sell order @ 3650 € is going to be filled... . Now hoping that my "Incremental" buy orders @ 3100 and 2900 € also will be filled in a reasonable period (weekend?)

Doesn't it feel sort of odd hoping the price goes up _and_ the price goes down? I'd be too conflicted.

Me too, but I am following JJG 's strategy, only for now I never sold yet, only bought when BTC went down... .

I don't mean to be too critical nor pedantic with my earlier posts; however, ultimately, you need to play with the strategy (sell on the way up and buy on the way down) in order to get comfortable with the level of increments and the quantity of coins, and I made a lot of mistakes in the beginning too.. when I sometimes got emotional and sometimes deviated from the plan.. but it does work if you figure out a kind of small enough level of increments and you are really only selling and trading profits, rather than principle.

Furthermore, when I began, I was buying/selling in very small increments, but as the price goes up, my increments go up... so currently my increments are like $100.. you have much bigger increments than me, and I think that you gotta stack first and play for a while with smaller increments to build your stack on both sides before you start moving to BIG ASS increments... but whatever, you play with it and figure out a variation that works for you and your situation and without stressing yourself out about it.

I have been employing such a strategy (sell on the way up and buy on the way down) since $250.. so I surely have sold a whole hell-of-a-lot of coins at prices in which the price never came back down to those levels, and I still have considerably more coins now than when I started  and my average cost per coin is down and while largely using only profits to buy back.

yeah you´re right, but in a permanent fashion, i´m right 

[JayJuanGee]

Looks like my "Incremental" sell order @ 3650 € is going to be filled... . Now hoping that my "Incremental" buy orders @ 3100 and 2900 € also will be filled in a reasonable period (weekend?)

Doesn't it feel sort of odd hoping the price goes up _and_ the price goes down? I'd be too conflicted.

Me too, but I am following JJG 's strategy, only for now I never sold yet, only bought when BTC went down... .

I don't mean to be too critical nor pedantic with my earlier posts; however, ultimately, you need to play with the strategy (sell on the way up and buy on the way down) in order to get comfortable with the level of increments and the quantity of coins, and I made a lot of mistakes in the beginning too.. when I sometimes got emotional and sometimes deviated from the plan.. but it does work if you figure out a kind of small enough level of increments and you are really only selling and trading profits, rather than principle.

Furthermore, when I began, I was buying/selling in very small increments, but as the price goes up, my increments go up... so currently my increments are like $100.. you have much bigger increments than me, and I think that you gotta stack first and play for a while with smaller increments to build your stack on both sides before you start moving to BIG ASS increments... but whatever, you play with it and figure out a variation that works for you and your situation and without stressing yourself out about it.

I have been employing such a strategy (sell on the way up and buy on the way down) since $250.. so I surely have sold a whole hell-of-a-lot of coins at prices in which the price never came back down to those levels, and I still have considerably more coins now than when I started  and my average cost per coin is down and while largely using only profits to buy back.

yeah you´re right, but in a permanent fashion, i´m right 

what is the difference between "permanent fashion" and non permanent?



And, by the way, you peeps think about the price?..

I am kind of thinking that there is enough momentum here to bring us to $4444-ish? 

And, really I did not think that we were quite ready for "straight up," yet... I mean, if we were to go to $5k without some kind of correction, it seems that there would not be enough fuel to really go up and to break through $5k...

Of course, we are frequently surprised... so what's gonna happen?  in the next week or two, perhaps?

[rjclarke2000]

We all know it's $32k next week JJG. Then maybe a correction to $31k.

Get outta here with your $4444

[JayJuanGee]

We all know it's $32k next week JJG. Then maybe a correction to $31k.

Get outta here with your $4444

If we go to $32k in the next week or so, that is going to trigger me to sell a lot of these buggers, so that is one way of shaking me out of my supposedly incrementalism strategy...  

Such a situation would be sooooo stressful, because in such a passing, I think BTC would be very likely to get a correction back down to $8888-ish.  

Call me a party pooper.      

[ghandi]

Back on track!

[Lauda]

Bitstamp | Total bids: 61020189 USD. Total asks: 2774 BTC. Ratio: 21990.74713 USD/BTC. | Data vintage: 0.0165 seconds

Just thought I'd leave this here, a new ATH in total bids.

Back on track!

Next stop?

[ghandi]

Back on track!

Next stop?

Moon! Silly question!

[savetherainforest]

Heyyyy....   R000000aaach!!! ..  where are you??..  WTF!?!?? is up with gold & silver??    

https://www.bullionvault.com/silver-price-chart.do

Btw.. is that blockchain based gold & silver trading platform out yet?? .. gives us a heads up when it comes out, we want in on that!

Not sure what is really up with gold and silver, but they normally trade in inverse to US Treasury yield and US Tsy 10yr/ 5yr/ 2yr all got obliterated yesterday.
There is serious chart breakdown and 2 yr tsy just hit the lowest (highest yield) since 2008~2009! 
So it's either this new US tax cut plan or Trumpflation or Fed upcoming rate hike or the temp jump in inflation from the multiple hurricanes hit in the US, that's prompting the selloff in tsy and hence precious metal.   

What goes down, must always come up!

It makes me feel a bit confident about metals as well, but the weird thing is that the investment procedure and bureaucracy is still a pain in the a$$. So for now I guess is a "No! Ty!" for me.

[Searing]

Back on track!

Next stop?

Moon! Silly question!

Soon!