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

[BlindMayorBitcorn]

[1714656063]

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[mymenace]

He got lucky and made some money on the internet.  Now he thinks he's a fucking genius.  It's a common problem around here.

No, apparently the real geniuses are the accounts on this thread that want to convince everyone that that Bitcoin core developers are completely and woefully incompetent, that Bitcoin still sucks and if it just had bigger blocks it would take over the whole fkn world.

See BCH and their dev team for complete fail.

Why does it make you so upset that other people see the world differently than you do?  If they are as wrong as you believe, you should just let time prove you right.  Instead, you get your panties in a bunch whenever someone says anything you disagree with.

I have no problem at all with the exchange/sharing of ideas and non-confrontational debate. It's healthy and should be applauded.

But c'mon, this whole block size thing? FFS, it's getting really old guys. Like for years and years now has this topic been discussed and debated ad nauseam. By internet armchair warrior geniuses who have no computer programming or blockchain coding expertise, but somehow think they know better than the very people involved with the project, the Bitcoin Core dev team. The block size debate is a dead horse that has been beaten so much over the years, it's been pounded into complete dust.

And then these same people, after years and years of flooding the forums with teeth gnashing, circular and confrontational debate, FINALLY get what they want (BCH w/ 8MB block limit) and their own dev team separate from Core, and then they have the audacity to dismiss it lightly and come back and continue the debate around shoving bigger blocks into Bitcoin? Like now BCH wasn't somehow good enough, wasn't what they wanted after all? I thought that bigger blocks was the answer to all of Bitcoin's problems? Wasn't BCH supposed to solve everything?

These people aren't just debating and discussing ideas. They are trolling.

I know one thing, bitcoin has never been an issue for me, not once, transactions no issues, multiple exchanges and wallets no issue.

Mining, investment, trading no issue

jobs, services, work, no issue

buy gold, property, goods no issue


http://downforeveryoneNOJUSTYOU.com/


if it anit broke dont fix it

if it is going to break LET IT BREAK!.

[BlindMayorBitcorn]

[BlindMayorBitcorn]

[BlindMayorBitcorn]

[jojo69]

jeez, I wonder if I should pull my buy orders and reset them lower

[JayJuanGee]

Aww man, I hope we don't drop below $4k again. I'll have a sad then

I believe that there is some support at $4k, but I doubt that such support is really strong.. but what do I know?

I would suspect that support in the $3500 to $3600 arena would be pretty strong  - yet if that $3500 t0 $3600 support does not hold, then we will be testing $3k, again... that should surely be the bottom - and a double bottom at that... but I would still put getting down to $3k at less than 35% chance.. which is reasonable, but not super strong from my current perspective.

I think that we have greater than 50% odds of testing resistance and even breaking above $5k resistance before mid- November; however, if we break below $3k, then I will certainly be reassessing my current tentative thinking on the matter.

[babanana]

Aww man, I hope we don't drop below $4k again. I'll have a sad then

I believe that there is some support at $4k, but I doubt that such support is really strong.. but what do I know?

I would suspect that support in the $3500 to $3600 arena would be pretty strong  - yet if that $3500 t0 $3600 support does not hold, then we will be testing $3k, again... that should surely be the bottom - and a double bottom at that... but I would still put getting down to $3k at less than 35% chance.. which is reasonable, but not super strong from my current perspective.

I think that we have greater than 50% odds of testing resistance and even breaking above $5k resistance before mid- November; however, if we break below $3k, then I will certainly be reassessing my current tentative thinking on the matter.

I have over 500k worth of tether spread on three exchanges waiting at that level.

[BlindMayorBitcorn]

Aww man, I hope we don't drop below $4k again. I'll have a sad then

Just do what I do. Switch to cheaper dreams.

[JayJuanGee]

Aww man, I hope we don't drop below $4k again. I'll have a sad then

I believe that there is some support at $4k, but I doubt that such support is really strong.. but what do I know?

I would suspect that support in the $3500 to $3600 arena would be pretty strong  - yet if that $3500 t0 $3600 support does not hold, then we will be testing $3k, again... that should surely be the bottom - and a double bottom at that... but I would still put getting down to $3k at less than 35% chance.. which is reasonable, but not super strong from my current perspective.

I think that we have greater than 50% odds of testing resistance and even breaking above $5k resistance before mid- November; however, if we break below $3k, then I will certainly be reassessing my current tentative thinking on the matter.

I have over 500k worth of tether spread on three exchanges waiting at that level.

Well, I hope that you are not playing only one direction, because as you may have noticed I have described odds for up and odds for down, so to me it seems quite risky if you were only betting one direction.

By the way, what level are you betting?  $3500-$3600 or a more risky bet of $3k?

Also, kind of on the same point, if I were to have $500k available for buying down to $3k, for example, then that would probably mean that I have more than $800k in cash available for possibly buying down to $1k - even though I am pretty doubtful that we would get much below $2200.. ... Furthermore, I would have well over 1,000 in bitcoins too.. (which is currently valued at over $4million)...

So, what I am saying is that you seem to be betting one direction because it does not seem that you have that many bitcoin investment assets in total, other wise you would not be talking about the $500k worth of tether rather than describing the other side of the ledger, and in that regard, you seem to be poorly hedged for both directions... actually, even a 50/50 hedge would mean that you better have at least 200 bitcoins (besides your cash holdings), at these prices....

[babanana]

Aww man, I hope we don't drop below $4k again. I'll have a sad then

I believe that there is some support at $4k, but I doubt that such support is really strong.. but what do I know?

I would suspect that support in the $3500 to $3600 arena would be pretty strong  - yet if that $3500 t0 $3600 support does not hold, then we will be testing $3k, again... that should surely be the bottom - and a double bottom at that... but I would still put getting down to $3k at less than 35% chance.. which is reasonable, but not super strong from my current perspective.

I think that we have greater than 50% odds of testing resistance and even breaking above $5k resistance before mid- November; however, if we break below $3k, then I will certainly be reassessing my current tentative thinking on the matter.

I have over 500k worth of tether spread on three exchanges waiting at that level.

Well, I hope that you are not playing only one direction, because as you may have noticed I have described odds for up and odds for down, so to me it seems quite risky if you were only betting one direction.

By the way, what level are you betting?  $3500-$3600 or a more risky bet of $3k?

Also, kind of on the same point, if I were to have $500k available for buying down to $3k, for example, then that would probably mean that I have more than $800k in cash available for possibly buying down to $1k - even though I am pretty doubtful that we would get much below $2200.. ... Furthermore, I would have well over 1,000 in bitcoins too.. (which is currently valued at over $4million)...

So, what I am saying is that you seem to be betting one direction because it does not seem that you have that many bitcoin investment assets in total, other wise you would not be talking about the $500k worth of tether rather than describing the other side of the ledger, and in that regard, you seem to be poorly hedged for both directions... actually, even a 50/50 hedge would mean that you better have at least 200 bitcoins (besides your cash holdings), at these prices....

I am at $3400-$3600. That came from the 132 btc I sold last time at $4700 level first week of Sept, Cash out 100k+. Bought back 160btc at $3100, then sold at $4300 3days ago then cash-out excess of 500k. of course I pull them out when avalanche is incoming.

[JayJuanGee]

Aww man, I hope we don't drop below $4k again. I'll have a sad then

I believe that there is some support at $4k, but I doubt that such support is really strong.. but what do I know?

I would suspect that support in the $3500 to $3600 arena would be pretty strong  - yet if that $3500 t0 $3600 support does not hold, then we will be testing $3k, again... that should surely be the bottom - and a double bottom at that... but I would still put getting down to $3k at less than 35% chance.. which is reasonable, but not super strong from my current perspective.

I think that we have greater than 50% odds of testing resistance and even breaking above $5k resistance before mid- November; however, if we break below $3k, then I will certainly be reassessing my current tentative thinking on the matter.

I have over 500k worth of tether spread on three exchanges waiting at that level.

Well, I hope that you are not playing only one direction, because as you may have noticed I have described odds for up and odds for down, so to me it seems quite risky if you were only betting one direction.

By the way, what level are you betting?  $3500-$3600 or a more risky bet of $3k?

Also, kind of on the same point, if I were to have $500k available for buying down to $3k, for example, then that would probably mean that I have more than $800k in cash available for possibly buying down to $1k - even though I am pretty doubtful that we would get much below $2200.. ... Furthermore, I would have well over 1,000 in bitcoins too.. (which is currently valued at over $4million)...

So, what I am saying is that you seem to be betting one direction because it does not seem that you have that many bitcoin investment assets in total, other wise you would not be talking about the $500k worth of tether rather than describing the other side of the ledger, and in that regard, you seem to be poorly hedged for both directions... actually, even a 50/50 hedge would mean that you better have at least 200 bitcoins (besides your cash holdings), at these prices....

I am at $3400-$3600. That came from the 132 btc I sold last time at $4700 level first week of Sept, Cash out 100k+. Bought back 160btc at $3100, then sold at $4300 3days ago then cash-out excess of 500k. of course I pull them out when avalanche is incoming.

Apparently you have a balls to the walls system that works. I have no idea how to predict either price direction, so I just play both, and I don't make as much money, but I am surely comfortable with my strategy and my strategy seems to pay off pretty well, too.

I suspect that if the market is not going your direction, then you either have a stop loss or a buy back point, too.... so hopefully your bitcoin building strategy continues to work for you.

Historically, when newbies come into this thread bragging about their balls to the walls strategy, they are not really sharing all of the facts and frequently it is difficult to determine the extent of their truthfulness (and whether they are trying to entice people or to talk their book - same idea, and forms of trolling), besides that they want to brag their good plays..  and hopefully they understand the odds of Martingale principles.

[BlindMayorBitcorn]

Sounds like he has a dollars extractions strategy. I'm intrigued.

[JayJuanGee]

Sounds like he has a dollars extractions strategy. I'm intrigued.

Might be better than incrementalism, but I doubt that it plays out as consistent over the long run, because just like martigale, you can win a lot and then all of a sudden one big loss wipes out all of your profits.

[ivomm]

Your BTC transaction will be replayed on BTC2X.

That's by design, for maximum disruption. A hostile takeover attempt by any reasonable standards.

I think splitting BTC-B2X will require mixing freshly mined coins into one's transactions. The landing chain of the transaction will be the chain where the fresh coins were mined. I still have to figure out how to do that.

There seems to be a different way invoving timelocked transactions - but I won't have a clue about this bit of magic until I research the matter. BTW, for the technically knowledgeable: pointers would be welcome  

There is going to be opt-in replay protection. (Why opt-in and not strong, see https://bitcointechtalk.com/how-segwit2x-replay-protection-works-1a5e41767103)

To split your coins
On BTC chain you have some coins in address (A), you send your coins to another address you own (B), and include a further special recipient address 3Bit1xA4apyzgmFNT2k8Pvnd6zb6TnwcTi  to whom you send a few satoshis. (You have to use send to many option in your wallet, to send them at once).
Any transactions that contain this special address will be ignored by 2X miners.
Once this is successful, you will have your BTC in an address(B) you own.

Now you switch to the 2X chain, and send again from your first address (A), this time to a different addresses (C) you own this time omitting the special recipient address.

After this:
A is empty on both chains
B contains BTC coins
C contains 2X coins

[babanana]

Aww man, I hope we don't drop below $4k again. I'll have a sad then

I believe that there is some support at $4k, but I doubt that such support is really strong.. but what do I know?

I would suspect that support in the $3500 to $3600 arena would be pretty strong  - yet if that $3500 t0 $3600 support does not hold, then we will be testing $3k, again... that should surely be the bottom - and a double bottom at that... but I would still put getting down to $3k at less than 35% chance.. which is reasonable, but not super strong from my current perspective.

I think that we have greater than 50% odds of testing resistance and even breaking above $5k resistance before mid- November; however, if we break below $3k, then I will certainly be reassessing my current tentative thinking on the matter.

I have over 500k worth of tether spread on three exchanges waiting at that level.

Well, I hope that you are not playing only one direction, because as you may have noticed I have described odds for up and odds for down, so to me it seems quite risky if you were only betting one direction.

By the way, what level are you betting?  $3500-$3600 or a more risky bet of $3k?

Also, kind of on the same point, if I were to have $500k available for buying down to $3k, for example, then that would probably mean that I have more than $800k in cash available for possibly buying down to $1k - even though I am pretty doubtful that we would get much below $2200.. ... Furthermore, I would have well over 1,000 in bitcoins too.. (which is currently valued at over $4million)...

So, what I am saying is that you seem to be betting one direction because it does not seem that you have that many bitcoin investment assets in total, other wise you would not be talking about the $500k worth of tether rather than describing the other side of the ledger, and in that regard, you seem to be poorly hedged for both directions... actually, even a 50/50 hedge would mean that you better have at least 200 bitcoins (besides your cash holdings), at these prices....

I am at $3400-$3600. That came from the 132 btc I sold last time at $4700 level first week of Sept, Cash out 100k+. Bought back 160btc at $3100, then sold at $4300 3days ago then cash-out excess of 500k. of course I pull them out when avalanche is incoming.

Apparently you have a balls to the walls system that works. I have no idea how to predict either price direction, so I just play both, and I don't make as much money, but I am surely comfortable with my strategy and my strategy seems to pay off pretty well, too.

I suspect that if the market is not going your direction, then you either have a stop loss or a buy back point, too.... so hopefully your bitcoin building strategy continues to work for you.

Historically, when newbies come into this thread bragging about their balls to the walls strategy, they are not really sharing all of the facts and frequently it is difficult to determine the extent of their truthfulness (and whether they are trying to entice people or to talk their book - same idea, and forms of trolling), besides that they want to brag their good plays..  and hopefully they understand the odds of Martingale principles.

Just got lucky. When buying slows down, that's when I immediately sell. Or when dumping slows down, you buy.

[BlindMayorBitcorn]

Your BTC transaction will be replayed on BTC2X.

That's by design, for maximum disruption. A hostile takeover attempt by any reasonable standards.

I think splitting BTC-B2X will require mixing freshly mined coins into one's transactions. The landing chain of the transaction will be the chain where the fresh coins were mined. I still have to figure out how to do that.

There seems to be a different way invoving timelocked transactions - but I won't have a clue about this bit of magic until I research the matter. BTW, for the technically knowledgeable: pointers would be welcome  

There is going to be opt-in replay protection. (Why opt-in and not strong, see https://bitcointechtalk.com/how-segwit2x-replay-protection-works-1a5e41767103)

To split your coins
On BTC chain you have some coins in address (A), you send your coins to another address you own (B), and include a further special recipient address 3Bit1xA4apyzgmFNT2k8Pvnd6zb6TnwcTi  to whom you send a few satoshis. (You have to use send to many option in your wallet, to send them at once).
Any transactions that contain this special address will be ignored by 2X miners.
Once this is successful, you will have your BTC in an address(B) you own.

Now you switch to the 2X chain, and send again from your first address (A), this time to a different addresses (C) you own this time omitting the special recipient address.

After this:
A is empty on both chains
B contains BTC coins
C contains 2X coins

So if we want to use the Bitcoin blockchain now we have to send two txs at once, one real one and one spam. That right?

[babanana]

Sounds like he has a dollars extractions strategy. I'm intrigued.

Make your bot tally buy and sell only. Just the simple buy and sell. Also factor in the time those buys and sells came in. Not the complicated real stocks analysis. Those never work in BTC.
A big traffic light app notifies me when its a go, slow down or stop.

[ivomm]

Your BTC transaction will be replayed on BTC2X.

That's by design, for maximum disruption. A hostile takeover attempt by any reasonable standards.

I think splitting BTC-B2X will require mixing freshly mined coins into one's transactions. The landing chain of the transaction will be the chain where the fresh coins were mined. I still have to figure out how to do that.

There seems to be a different way invoving timelocked transactions - but I won't have a clue about this bit of magic until I research the matter. BTW, for the technically knowledgeable: pointers would be welcome  

There is going to be opt-in replay protection. (Why opt-in and not strong, see https://bitcointechtalk.com/how-segwit2x-replay-protection-works-1a5e41767103)

To split your coins
On BTC chain you have some coins in address (A), you send your coins to another address you own (B), and include a further special recipient address 3Bit1xA4apyzgmFNT2k8Pvnd6zb6TnwcTi  to whom you send a few satoshis. (You have to use send to many option in your wallet, to send them at once).
Any transactions that contain this special address will be ignored by 2X miners.
Once this is successful, you will have your BTC in an address(B) you own.

Now you switch to the 2X chain, and send again from your first address (A), this time to a different addresses (C) you own this time omitting the special recipient address.

After this:
A is empty on both chains
B contains BTC coins
C contains 2X coins

So if we want to use the Bitcoin blockchain now we have to send two txs at once, one real one and one spam. That right?

Not now, this can be done after the HF on Nov 18-19 and just once to split the coins. Now you proceed as usual.

[ragnar0k]

Nice to wake up and see we have a new bearish trend confirmed:(