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Question: When ATH?
Nov. 2020 - 47 (36.2%)
Dec. 2020 - 43 (33.1%)
Jan. 2021 - 14 (10.8%)
Feb. 2021 - 5 (3.8%)
Mar. 2021 - 5 (3.8%)
After Mar. 2021 - 16 (12.3%)
Total Voters: 130

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 24626504 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (153 posts by 40 users deleted.)
adaseb
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January 22, 2018, 01:26:36 AM

So when was the last time someone actually spotted some bid or ask wall and posted about it in this thread?
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January 22, 2018, 01:28:44 AM

@thrax, @jojo69, @infofront - Thanks for the links!
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January 22, 2018, 01:32:50 AM

Fuck it I am waiting till ratings;p and CME - will decide then to quit for a while to be sure of the trend or when it drops to 8k (wont happen imho right now)
JayJuanGee
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January 22, 2018, 01:43:59 AM

As I see it - whales do money if it is dipping, and if it is going up Embarrassed

There is no exchange with my fiat that I could win in daytrade.


I bought btc back but I see it will dip for sure - but at my exchanges there is so low volume and bot manipulation that even If i sell and buy back at night when it will be low - still I wont be +

And no one here have shown me any good reason/evidence that Hodling = winning

If you holdl from january 2013, you make about a 1000x in 5 years.

This is a good reason/evidence.



So you want to say that Bitcoin will never drop? Please in whole history of stock - find me company or anything that never ever dropped? Please


Sorry but I am not rich - no one gave me anything. Right now I will try on 0.175btc and HODL not looking on the price. If it goes up for uptrend I buy more. If it goes down - oh well that wasn't so much.

Maybe you have just described why you are such a fucking loser?

You are too scared, you lack confidence in bitcoin and it looks like you engage in the opposite practice of what you should be doing.


You seem to be buying on the way up and selling on the way down.   Instead you should be buying on the way down and selling on the way up.  

I actually do this, but I don't understand why "buying on the way down, selling on the way up" is better than vice versa.

Right now, I keep a base/starting value (edited occasionally) for some of my coins, and if the price increases by "x" amount, then for every "y" increase after I sell "z" percentage of my gains at market value, and "z" depends on bull or bearish sentiment that I feel.

Similar principle for buying on the way down.

Why is this better than doing the other way around though?


O.k.  You say that you are already doing the right thing, but you do not know why it is the right thing because you have some kind of inclination to do the opposite?

Actually I will concede that I believe that a large number of people are inclined to do the opposite of what they should, and that is to buy on the way up and to sell on the way down.  

I think that if you really believe in the underlying fundamentals of an asset or you believe that in the longer term that the asset is going to appreciate in value, then you buy on the way down and you sell on the way up because you are trying to accumulate more and more of the asset, and you are also trying to protect yourself from downside volatility.  Your formula for how much you buy on the way down and how much that you sell on the way up will likely need to be tweaked, somewhat, towards  your views and finances.  

For example, I first started accumulating bitcoin in November 2013 - however, perhaps I was lucky, to some extent, because I merely considered myself in an accumulation phase of bitcoin, and even though I knew about the sell on the way up concept, I was so busy attempting to accumulate bitcoin that I never sold any but merely continued to buy on the way down for nearly two years (and also including some dollar cost average investing into that practice).  So, there was some luck in my system, because bitcoin prices largely went down and were flat during my accumulation stage.  

When I first started trading bitcoin in about October 2015, I started out by authorizing myself to sell in fairly tight price increments, because I was trying to get a lot of practice.  Those selling increments added up to selling nearly 2% for every 10% price rise, and I was attempting to accomplish a couple of things.  1st was to accumulate money that I could use to buy back during what I considered to be inevitable price falling from time to time and 2nd was to hopefully (at some point) have accumulated some money to just completely remove from the investment.  With the passage of time, I also figured out various things about my own risk tolerances and what kinds of practices were suitable for me.  I figured out that I have to attempt to set intervals and amounts that would not cause me to be inclined to change them very much because they already accounted for the market outrunning my expectations, and also I developed an inclination to have buy orders that were already set up to automatically buy up to a 30% price correction (and then later the amounts got to be greater and greater, and today for me, such automatic buy order presets go down about 85%.  

Another thing that happened with the passage of time is that my increments between my sales spread to be bigger and bigger (and even a larger percentage apart from one another) but I was also selling less of a percentage of my whole BTC portfolio, so instead of selling nearly 2% of the value of my total BTC portfolio for every 10% price rise, currently my rate is still above 1% for every 10%, but is projected to lower to below 1% sales for every 10% rise in BTC price.  Of course, I am not locked into this and I can either tweak the method or I can make a large lump sum move, if i determine that to be prudent at any given time.  

Yet, with the passage of time and practicing my own system, I have also learned that it tends to play out much better if I just try to employ it like a robot rather than trying to guess the market in any kind of way.

I think that the reason that this kind of buy on the way down and sell on the way up system works better than the opposite is that you are much more likely to sell some at the top and buy some at the bottom than any kind of attempt at timing the market system.  Don't have to think about it or get emotionally involved and the main presumption remains that you are overall long term bullish about the asset in which you are investing in order to feel some level of assurance that in the long term your system is going to be profitable.


I actually do this, but I don't understand why "buying on the way down, selling on the way up" is better than vice versa.
...
Why is this better than doing the other way around though?

If you do it the other way around, "buying on the way up, selling on the way down", you would be buying on the higher price and selling on the lower and be in a loss. Isn't it obvious? When you "buy on the way down, sell on the way up" you actually have a profit at every cycle.


or in other words, this^^^^  - saying the same thing as me but with 10,000x fewer characters.   Cheesy
JayJuanGee
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January 22, 2018, 01:59:14 AM

Bitcoin Unlimited is hiring a full-time web developer! If you want to work on exciting cryptocurrency projects, enjoy telecommuting, and have strong web-dev skills, please apply!!

https://medium.com/@peter_r/bitcoin-unlimited-is-hiring-a-web-developer-4b772e6968b5

Open source projects are supposed to be volunteer. I guess that one is closed source.  Tongue

Didn't you know, Torque, that Bitcoin Unlimited is Open Source 2.0?  They be gotten more things figured out. 
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January 22, 2018, 02:08:18 AM

Bitcoin Unlimited is hiring a full-time web developer! If you want to work on exciting cryptocurrency projects, enjoy telecommuting, and have strong web-dev skills, please apply!!

https://medium.com/@peter_r/bitcoin-unlimited-is-hiring-a-web-developer-4b772e6968b5

Open source projects are supposed to be volunteer. I guess that one is closed source.  Tongue

Didn't you know, Torque, that Bitcoin Unlimited is Open Source 2.0?  They be gotten more things figured out. 

Don't call it that! I've made millions of dollars in crypto!  I want you to call it Open Source Cash!
JayJuanGee
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January 22, 2018, 02:14:40 AM

Its going down again - and again lost money omg Angry


That is because you seem to be a retarded drama queen. 

Take your drama to your mama.
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January 22, 2018, 02:17:58 AM

Bitcoin Unlimited is hiring a full-time web developer! If you want to work on exciting cryptocurrency projects, enjoy telecommuting, and have strong web-dev skills, please apply!!

https://medium.com/@peter_r/bitcoin-unlimited-is-hiring-a-web-developer-4b772e6968b5

Open source projects are supposed to be volunteer. I guess that one is closed source.  Tongue

Didn't you know, Torque, that Bitcoin Unlimited is Open Source 2.0?  They be gotten more things figured out. 

Don't call it that! I've made millions of dollars in crypto!  I want you to call it Open Source Cash!

Ok... fair enough.. just another way of conceding that they are the smarter ones in the room... those bitcoin unlimited and PeterR associates.
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January 22, 2018, 02:19:54 AM

I’m wondering whether lightning might turn out to be the privacy layer.


Is lightning + TOR superior to Monero?  Serious question.  I don’t know the answer. 

Or maybe we atomic swap tumble through Monero.
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January 22, 2018, 02:36:52 AM

I’m wondering whether lightning might turn out to be the privacy layer.

Is lightning + TOR superior to Monero?  Serious question.  I don’t know the answer. 
Not sure if the actual privacy with LN+TOR is actually better than Monero's, but I somewhat doubt it.
However, the sustainability is much better. Monero's chain grows at a nasty rate, while as long as no channel has to be refilled/flushed, LN can theoretically not generate a single blockchain transaction.

Quote
Or maybe we atomic swap tumble through Monero.
There are a few tentative mixing protocols that are LN native, but having atomic swaps with Monero would be a nice option.
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January 22, 2018, 03:09:17 AM

https://www.youtube.com/watch?v=forJzdPI7QM
Jordan Peterson on BBC Radio 5 live Afternoon Edition 15/01/2018
better interviewers

I started to listen to the interview, and I got several minutes into the interview and I was wondering what it had to do with bitcoin or if it was going to have some bitcoin relation. 

In other words I abandoned it.  I will go back to it if there is any bitcoin relevance. 
jojo69
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January 22, 2018, 03:32:43 AM

https://www.youtube.com/watch?v=forJzdPI7QM
Jordan Peterson on BBC Radio 5 live Afternoon Edition 15/01/2018
better interviewers

I started to listen to the interview, and I got several minutes into the interview and I was wondering what it had to do with bitcoin or if it was going to have some bitcoin relation.  

In other words I abandoned it.  I will go back to it if there is any bitcoin relevance.  

We are just trying to keep you up to date on contemporary cultural literacy Jay.  Bitcoin isn't everything.  We should all strive to be well rounded individuals.  This guy is relevant because his interview with Cathy Newman last week was a seismic cultural event, still reverberating around the internet.
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January 22, 2018, 03:42:34 AM

Its going down again - and again lost money omg Angry


That is because you seem to be a retarded drama queen. 

Take your drama to your mama.

Yup, sounds like someone is a newbie trader. Never experienced a loss
before, eh? Welcome to the meaning of Risk.
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January 22, 2018, 03:44:21 AM

On a tangentially-related matter, does anyone know why the forums got rid of the glowing ignore color, based on how many people have a particular user marked for ignore ?
Oooh.  I had never noticed this but would enjoy it.
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January 22, 2018, 03:47:29 AM

It looks like they're trying to manipulate bitcoin back to it's old school schedule:  sideways until some random world event news happens like a helicopter going down in Africa that would have absolutely no effect whatsoever on bitcoin because it's just a speculative asset, then they'll try to use that as an excuse to pump and draw momentum traders in to dump on lol.  Unless some whale gets antsy and mega dumps to blow up the charts first because they can't find any "newz" to pump on.  Or the standard MO for all Jew markets in other words.
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January 22, 2018, 03:48:55 AM

https://www.youtube.com/watch?v=forJzdPI7QM
Jordan Peterson on BBC Radio 5 live Afternoon Edition 15/01/2018
better interviewers

I started to listen to the interview, and I got several minutes into the interview and I was wondering what it had to do with bitcoin or if it was going to have some bitcoin relation.  

In other words I abandoned it.  I will go back to it if there is any bitcoin relevance.  

We are just trying to keep you up to date on contemporary cultural literacy Jay.  Bitcoin isn't everything.  We should all strive to be well rounded individuals.  This guy is relevant because his interview with Cathy Newman last week was a seismic cultural event, still reverberating around the internet.


Oh my!!!!!   What's this world coming to?     Roll Eyes Tongue


Let's get back on topic, boys and girl and roach.  Bitcoin.. remember? Walls?  price movement?... at least something in the ballpark.   Angry
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January 22, 2018, 03:49:29 AM

It looks like they're trying to manipulate bitcoin back to it's old school schedule:  sideways until some random world event news happens like a helicopter going down in Africa that would have absolutely no effect whatsoever on bitcoin because it's just a speculative asset, then they'll try to use that as an excuse to pump and draw momentum traders in to dump on lol.  Unless some whale gets antsy and mega dumps to blow up the charts first because they can't find any "newz" to pump on.

Or maybe Bitcoin is just putting in a nice local bottom. Price seems to have stabilized. It's classic price discovery working just the way it should.
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January 22, 2018, 03:53:51 AM
Last edit: January 22, 2018, 04:08:38 AM by realr0ach

It looks like they're trying to manipulate bitcoin back to it's old school schedule:  sideways until some random world event news happens like a helicopter going down in Africa that would have absolutely no effect whatsoever on bitcoin because it's just a speculative asset, then they'll try to use that as an excuse to pump and draw momentum traders in to dump on lol.  Unless some whale gets antsy and mega dumps to blow up the charts first because they can't find any "newz" to pump on.  Or the standard MO for all Jew markets in other words.

Or maybe Bitcoin is just putting in a nice local bottom. Price seems to have stabilized. It's classic price discovery working just the way it should.

You must be new to this planet because "classic price discovery" does not exist.  Every market is generally some rigged scam where it's either artificially pumped or artificially naked shorted at all times, with the only real focal point the price ever visits once in a while is cost of production.  That's the reason most markets tend to be bubbles, because it's vastly easier to raise something ABOVE cost of production than BELOW it, and "capitalism" doesn't work without some type of seigniorage fee in the first place.  

Kind of like bitcoin right now at $3k cost of production while it's price is $11.5k.  Unless China turns on a giant fleet of new miners to raise cost of production way higher, I would expect the price to go down a lot, I guess, because the gap between those two numbers is huge.  But China is supposedly being forced to turn OFF miners to lower cost of production even further, so you do the math.  

If anyone actually shorts in huge volume though, the whales just send their 200,000 illiquid asset coins they're sitting on to market and use as margin collateral to squeeze them.  The ability to take futures on imaginary assets or use imaginary assets as collateral is definitely up there as one of the bigger scams of all time.  This is how they pumped the price of Ethereum too.  They just created coins out of thin air for the IPO, then they send the premine to Poloniex and use it as margin collateral to raise the price higher.  Just about everything in crypto is a scam to try and get people to buy the most outrageously pumped "asset" possible.
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January 22, 2018, 03:54:11 AM

Its going down again - and again lost money omg Angry


That is because you seem to be a retarded drama queen. 

Take your drama to your mama.

Yup, sounds like someone is a newbie trader. Never experienced a loss
before, eh? Welcome to the meaning of Risk.


We probably figured out quite a while back that muadib83 is disingenuous and probably making shit up.... however, if we give the shithead some benefit of the doubt, seems like some folks need to do a bit contemplation of their strategy before jumping in.  Bitcoin does not move in just one direction, and if you are new to it, and if you are in your early accumulation stage, then you gotta figure out how you are going to build your nest egg.  You don't just take all of your available BTC investment money and just throw it in and then hope for it to go up, and if it does not then start whining about it.. There needs to be a bit more planning and durability than that, otherwise get the fuck out of here with your whimpiness.. referring to muadib83.. and that level of smart-ass whining.
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January 22, 2018, 04:04:40 AM

On a tangentially-related matter, does anyone know why the forums got rid of the glowing ignore color, based on how many people have a particular user marked for ignore ?
Oooh.  I had never noticed this but would enjoy it.

Thought it's been gone fore years now
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