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

[DaRude]

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

Huh WTF!?!?

[1714634019]

1714634019

[1714634019]

1714634019

[1714634019]

1714634019

[1714634019]

1714634019

[1714634019]

1714634019

[soullyG]

Hmm $50 uptick, let's see if it leads anywhere

[conspirosphere.tk]

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

This time if it drops I'll start buying some cheap coins at $3600.
But another rally could be in the cards from here:

We're about to witness a strong Buy signal for BTC; a TK Cross above the Cloud. See what happened when it did before;

https://twitter.com/FatihSK87/status/915859463197818880

[SERVERIA]

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

What bearish trend? Stop spreading panic.

[ragnar0k]

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

What bearish trend? Stop spreading panic.

Mate this is a price tracking thread, I am discussing the price and if you feel paniced because you read a random guy saying he sees a downtrend maybe you should not look here

[fragout]

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

What bearish trend? Stop spreading panic.

Mate this is a price tracking thread, I am discussing the price and if you feel paniced because you read a random guy saying he sees a downtrend maybe you should not look here

I think he is referring to the confirmed bit

[YamashitaRen]

Damn, this 4130 double bottom was perfect buy point entry.
Had to wake up 30 min later...

[ragnar0k]

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

What bearish trend? Stop spreading panic.

Mate this is a price tracking thread, I am discussing the price and if you feel paniced because you read a random guy saying he sees a downtrend maybe you should not look here

I think he is referring to the confirmed bit

Is it not though? :/

[d_eddie]

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

This time if it drops I'll start buying some cheap coins at $3600.
But another rally could be in the cards from here:

We're about to witness a strong Buy signal for BTC; a TK Cross above the Cloud. See what happened when it did before;

What's a TK cross? Is "the Cloud" an Ichimoku cloud?

[conspirosphere.tk]

What's a TK cross? Is "the Cloud" an Ichimoku cloud?

Dunno, but it sounds good, and yes, that's the cloud.
Looks like it's pumping again. Maybe he was onto something.

[fragout]

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

What bearish trend? Stop spreading panic.

Mate this is a price tracking thread, I am discussing the price and if you feel paniced because you read a random guy saying he sees a downtrend maybe you should not look here

I think he is referring to the confirmed bit

Is it not though? :/

The price dropped for 2 days. If you want to confirm that as a bearish trend, fair enough

[soullyG]

The price dropped for 2 days. If you want to confirm that as a bearish trend, fair enough

It's just a question of timescale

We're brushing up against the top of that descending channel now though

[ragnar0k]

The price dropped for 2 days. If you want to confirm that as a bearish trend, fair enough

It's just a question of timescale

We're brushing up against the top of that descending channel now though

Exactly... The fact that there is a bearish trend does not mean bitcoin itself is bearish... Could be broken anytime afaik

[becoin]

Big blocktard trolls are very active if price goes down and disappear if price goes up. Nice, huh?

BCH sh!t going down the drains. Somebody lost a fortune. But hey, they lost we won.

[d_eddie]

Big blocktard trolls are very active if price goes down and disappear if price goes up. Nice, huh?

BCH sh!t going down the drains. Somebody lost a fortune. But hey, they lost we won.

This is what would happen to B2X if there were 2-way mandatory replay protection. If they actually fork (which still remains to be seen IMO), we'd better split and sell quickly.

[LewisPirenne]

https://en.wikipedia.org/wiki/Ichimoku_Kink%C5%8D_Hy%C5%8D#Tenkan-sen

Tenkan-sen is the conversion or turning line while kijun-sen is the basis line.  Tenkan-sen and Kijun-sen (TK) cross is sort of like short term MA crossing medium term MA.  Ichimoku system is something that can be useful if everyone else and his brother is using it, like the JGB market, back when it was actually a market and before BoJ came in and bought them all.  It gives insight to what other players might be thinking. 

[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.

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

So what you gonna do now?  You just keep playing the "slow down" "speed up" theory, or do you cut your losses at a certain point when the price goes above your earlier sell point?  Sure you could wait it out because this might just be a bull trap, but what if it is not a bull trap and we proceed to $5k, what you gonna do then?

[JayJuanGee]

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

there is no bearish trend.

All we have is a correction and then another correction and the question is how far down the correction is going to go and whether this particular leg is going to be longer or shorter than the last.  You are not going to get a bearish trend out of a few corrections, even if the corrections are a month or two or even three long.  That is simply not enough time to conclude that we are in a bear trend - especially after nearly a 5x price rise for the year and nearly a 20x price rise for two years.

[Wexlike]

Breaking News:

Even Cristiano Ronaldo is now mining crypto currencies !!!!

Just visit http://www.cristianoronaldo.com/ and pay attention to your cpu workload.




ROFL.

[conspirosphere.tk]

All we have is a correction and then another correction and the question is how far down the correction is going to go

I might get worried only if the usual suspects stop the printing press, which is the only scenario where fiat cash might become really precious.