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

[explorer]

I think anyone who buys a pen worths thousands of dollars is a little bit mentally retarded.

Useful artwork is retarded?  Maybe you're  just poor.  I have 2 cigarette lighters that together are worth well over $10k.  I assure you that I am no where near mentally retarded.  Small scale Lambo's.  That's all.  I don't smoke.  Maybe I need a pen...

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[suspiciously square]

I think anyone who buys a pen worths thousands of dollars is a little bit mentally retarded.

Useful artwork is retarded?  Maybe you're  just poor.  I have 2 cigarette lighters that together are worth well over $10k.  I assure you that I am no where near mentally retarded.  Small scale Lambo's.  That's all.  I don't smoke.  Maybe I need a pen...

If you get a pen make sure you buy a few packs of 24 carat gold paperclips to staple your letters together with.

[Nosk]

AAaawh come on bitcoin, you can just lose 300€ in 2h like that after the slaughter of 3 days ago. I need to sleep at night.
Anyway, it seems normal to me (stressful normal but still normal). We'll be having trouble if it falls below that point :/

I'm not ready for a new drop

[explorer]

I think anyone who buys a pen worths thousands of dollars is a little bit mentally retarded.

Useful artwork is retarded?  Maybe you're  just poor.  I have 2 cigarette lighters that together are worth well over $10k.  I assure you that I am no where near mentally retarded.  Small scale Lambo's.  That's all.  I don't smoke.  Maybe I need a pen...

If you get a pen make sure you buy a few packs of 24 carat gold paperclips to staple your letters together with.

Too malleable.  I just use titanium ones.

[Typex]

I think anyone who buys a pen worths thousands of dollars is a little bit mentally retarded.

Useful artwork is retarded?  Maybe you're  just poor.  I have 2 cigarette lighters that together are worth well over $10k.  I assure you that I am no where near mentally retarded.  Small scale Lambo's.  That's all.  I don't smoke.  Maybe I need a pen...

Or maybe hes just recognizes spending $10K on a pair of lighters or owning lighters worth that much is pretty fucking stupid. I dont care If someone bought BTC in 2010 and are worth 8 figures, respectable people dont go around calling people poor because they dont buy $3000 pens or $5000 lighters.

[Nosk]

Guys come on. Nobody gives a crap about IQ debates, pen, or other stuff.
Just go there for that : https://bitcointalk.org/index.php?board=9.0

[xhomerx10]

I think anyone who buys a pen worths thousands of dollars is a little bit mentally retarded.

Useful artwork is retarded?  Maybe you're  just poor.  I have 2 cigarette lighters that together are worth well over $10k.  I assure you that I am no where near mentally retarded.  Small scale Lambo's.  That's all.  I don't smoke.  Maybe I need a pen...

Or maybe hes just recognizes spending $10K on a pair of lighters or owning lighters worth that much is pretty fucking stupid. I dont care If someone bought BTC in 2010 and are worth 8 figures, respectable people dont go around calling people poor because they dont buy $3000 pens or $5000 lighters.

 Wait... calling people retarded is fine though?

[Typex]

I think anyone who buys a pen worths thousands of dollars is a little bit mentally retarded.

Useful artwork is retarded?  Maybe you're  just poor.  I have 2 cigarette lighters that together are worth well over $10k.  I assure you that I am no where near mentally retarded.  Small scale Lambo's.  That's all.  I don't smoke.  Maybe I need a pen...

Or maybe hes just recognizes spending $10K on a pair of lighters or owning lighters worth that much is pretty fucking stupid. I dont care If someone bought BTC in 2010 and are worth 8 figures, respectable people dont go around calling people poor because they dont buy $3000 pens or $5000 lighters.

 Wait... calling people retarded is fine though?

Nope, its a terrible word to use.

[JayJuanGee]

...chained orders...

I have been experimenting with JJG (and jbreher)s chained order strategy on the BTC/ETH pair.

Perhaps I am being dense...but I am just not getting it.

It goes down, I am buying ETH every 0.001, ok fine, then it goes back up and I am selling ETH at the exact same prices...it looks like a total wash to me.

Did I miss something in the explanation?

I haven't tried it myself, but I thought you were supposed to sell higher than you bought.
If you buy at 30, 25, 20 and 15 on the way down I guess you are supposed to sell the 15 buy when it hits 20 on the way up and the 25 at 30 and so on.

Yep, Arriemoller.  What you are outlining is a good foundation for an incrementalist approach to stacking your bets and hopefully profiting either direction while providing yourself with insurance, and you can tweak it to your own tolerance and sometimes you can skip one (for example selling the 15 at 25) or go in the middle (selling the 15 at 22.5) or some other variation that might be lopsided in one direction because you consider it to more closely to assist you in reaching your various goals, so you do not have to stick to any strict formula in the event that you find some structuring that works better for your ability to eek out greater profits, better insurance, or more conformity with your own personal circumstances (finances, risk tolerance, views of bitcoin, timeline, available spare time, etc).

One thing is that sometimes if you structure your orders too close together then there might not be enough sense of profits (like you are spinning your wheels for nothing - as mentioned earlier by Jojo), or if you set your orders too far apart, then they don't tend to fill and you lose profit opportunities.   

Sometimes, I like to structure my orders in a very uniformed way in order to more easily remember each increment, even though there may be ways of structuring the orders that are more likely to be more profitable, but I give some value to the ease of remembering my orders.  Other times, I add a bit more complexity into my setting up orders for a short period of time because even though I am causing some possible confusion for myself, I consider that the short term more complicated practice is going to allow me to engage in a bit of rebalancing in one direction or another that helps to line up my sense of how allocated I want to be in one direction or another.  For example, I keep a spreadsheet tabulation that shows approximately how much allocated I am in one direction or another, and I recall that in 2016, there were price drops that caused my BTC/dollar allocation to approach 98% bitcoin and 2% dollars, and part of that was due to my newness in trading, and another part towards my tendency to easily become higher allocated in the direction of bitcoin, and another part was that my overall portfolio was not as highly in the profitable area (sometimes even in the negative in terms of profits). 

More recently, even though I continue to gravitate towards being bitcoin bullish and even having beliefs that we have not yet reached the last run-up in this particular bubble (or run up), so therefore, I have continued to maintain a decently high level of allocation that has been skewed in the bitcoin direction, so even when BTC prices approached $20k, my allocation of BTC to dollars still maintained at nearly an 88% BTC to 12% fiat level.  Currently, my tweaking of my plan continues to be based on my own refusal to go anywhere near 100% allocation towards bitcoin (to attempt to always maintain a cushioning of dollars), even if BTC prices were to drop to below $1k, I am still projected to have some dollars... yet as I type, I feel like I bought a lot of BTC on the way down from $20k to $6k, and at one point, I had used up nearly 66% of the previous amount of my fiat; however, when I look at my current allocation, it is still floating at about 92.7% bitcoin and 7.3% dollars.. So, simultaneously there is a certain level of attempted maintenance and another attempt at tweaking when I feel some need to prepare further one way or another.

[goldkingcoiner]

I think anyone who buys a pen worths thousands of dollars is a little bit mentally retarded.

Useful artwork is retarded?  Maybe you're  just poor.  I have 2 cigarette lighters that together are worth well over $10k.  I assure you that I am no where near mentally retarded.  Small scale Lambo's.  That's all.  I don't smoke.  Maybe I need a pen...

Or maybe hes just recognizes spending $10K on a pair of lighters or owning lighters worth that much is pretty fucking stupid. I dont care If someone bought BTC in 2010 and are worth 8 figures, respectable people dont go around calling people poor because they dont buy $3000 pens or $5000 lighters.

 Wait... calling people retarded is fine though?

Nope, its a terrible word to use.

Mental retardation is the correct terminology. I refuse to pander to the weak minded with politically correct euphemisms. Weak language makes for weak people. During world war 2 Shell shock was a real condition. We changed that to "post traumatic stress disorder".... Maybe if we kept calling it "shell shock" some of those old vietnam veterans might have gotten the help they needed at the time...

Say what you will, I have no respect for the idiotic, no matter how rich or poor. And don't try to guilt trip me into giving you any.

[explorer]

I think anyone who buys a pen worths thousands of dollars is a little bit mentally retarded.

Useful artwork is retarded?  Maybe you're  just poor.  I have 2 cigarette lighters that together are worth well over $10k.  I assure you that I am no where near mentally retarded.  Small scale Lambo's.  That's all.  I don't smoke.  Maybe I need a pen...

Or maybe hes just recognizes spending $10K on a pair of lighters or owning lighters worth that much is pretty fucking stupid. I dont care If someone bought BTC in 2010 and are worth 8 figures, respectable people dont go around calling people poor because they dont buy $3000 pens or $5000 lighters.

OK.  So buying BTC cheap and holding it is OK, but other things are bad, got ya.   I like nice things.  I really like nice things that appreciate in value.  I guess that's stupid.  My poor comment was a reference to perspective, not a slight on economic situation.  I've been poor.  I didn't like it much so I worked to change things.  Even when I was poor, my mind was open enough to understand different perspectives. Scale and perspective changes with economic situation.  Deal with it. Respectable people don't go around calling people stupid because they are not poor (and make good investments).

[xhomerx10]

Guys come on. Nobody gives a crap about IQ debates, pen, or other stuff.
Just go there for that : https://bitcointalk.org/index.php?board=9.0

 I disagree.  I love pens.  Look at this one:

The Lighthouse of Alexandria



by Pelikan

[pacman7331]

Guys come on. Nobody gives a crap about IQ debates, pen, or other stuff.
Just go there for that : https://bitcointalk.org/index.php?board=9.0

 I disagree.  I love pens.  Look at this one:

The Lighthouse of Alexandria



by Pelikan

You know today is gonna be exciting. When The Wall starts talking about pens.

[xhomerx10]

Guys come on. Nobody gives a crap about IQ debates, pen, or other stuff.
Just go there for that : https://bitcointalk.org/index.php?board=9.0

 I disagree.  I love pens.  Look at this one:

The Lighthouse of Alexandria



by Pelikan

You know today is gonna be exciting. When The Wall starts talking about pens.

 I'm excited.

[pacman7331]

I miss ChartBuddy

[TERA2]

I want 4D charts

[suspiciously square]

I miss ChartBuddy

He's been broken for a day or two. This is all he's been posting for the last few days.

[HairyMaclairy]

Tera

Have you considered making all your predictions in Russian?

Btw:  thank you for persuading me to buy in the 6ks...

[pacman7331]

Anyone sell bitcoin price insurance? Could be a good startup.

[HairyMaclairy]

That’s what the futures market is.  It’s a form of price insurance.