Bitcoin Forum
December 07, 2021, 12:30:23 PM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Will we close Nov. at or above Plan B's posited minimum of $98K?
Yes - 43 (37.1%)
No - 73 (62.9%)
Total Voters: 116

Pages: « 1 ... 19431 19432 19433 19434 19435 19436 19437 19438 19439 19440 19441 19442 19443 19444 19445 19446 19447 19448 19449 19450 19451 19452 19453 19454 19455 19456 19457 19458 19459 19460 19461 19462 19463 19464 19465 19466 19467 19468 19469 19470 19471 19472 19473 19474 19475 19476 19477 19478 19479 19480 [19481] 19482 19483 19484 19485 19486 19487 19488 19489 19490 19491 19492 19493 19494 19495 19496 19497 19498 19499 19500 19501 19502 19503 19504 19505 19506 19507 19508 19509 19510 19511 19512 19513 19514 19515 19516 19517 19518 19519 19520 19521 19522 19523 19524 19525 19526 19527 19528 19529 19530 19531 ... 29956 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25497174 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. (158 posts by 14 users with 9 merit deleted.)
d_eddie
Legendary
*
Offline Offline

Activity: 1624
Merit: 1588



View Profile
February 09, 2018, 03:27:22 AM

I must say:

It's been very reassuring to see certain views being challenged in this thread which have been left to pass by without comment before.

I was beginning to wonder, now I find I am not alone. Respect to those who spoke up, it was about time.

'nuff said.
On with WO nonsense in all its flavours.

Thanks, but sometimes it's better to ignore and hope it dies a natural death.  Smiley
Yes, it's soothing to be able to glide over it sometimes. You can't engage permanently.

Quote
Ya gotta pick your battles.
Or let them pick you, as it happens  Grin
1638880223
Hero Member
*
Offline Offline

Posts: 1638880223

View Profile Personal Message (Offline)

Ignore
1638880223
Reply with quote  #2

1638880223
Report to moderator
1638880223
Hero Member
*
Offline Offline

Posts: 1638880223

View Profile Personal Message (Offline)

Ignore
1638880223
Reply with quote  #2

1638880223
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
d_eddie
Legendary
*
Offline Offline

Activity: 1624
Merit: 1588



View Profile
February 09, 2018, 03:37:34 AM

You can stab people with it, stick up your jacksy, or even one's urethra, plug holes in aircraft fuselages to prevent depressurisation and use it to deliver children if there's no hot water and towels to hand.
Can a Lambo do any of that?

No. But I did pick up two of these.

https://www.vipertecknives.com/products/guard-father-spike-automatic-otf-icepick

Jam them into my urethra every morning as part of my morning workout, right after I finish my sets of slamming my testicles between two bricks.

You have strange customs in your country.
Only the biggest stars have customs so extravagant. Now Bob doesn't like to boast too much, so he didn't mention that the bricks are actually gold-plated tungsten, food grade. With repeated use, they eventually get soft-sculpted by thousands of impressions of impressively hard kidney beans.
RoomBot
Legendary
*
Offline Offline

Activity: 1960
Merit: 1113



View Profile
February 09, 2018, 03:39:00 AM

The Asian stock markets are now crashing like Wall Street. Meanwhile bitcoin's gone back up above $8000. Thankfully the investors seem to be buying into it rather than selling it like they are selling those stocks.

The rats are abandoning the sinking ship.

go, BTC!
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
February 09, 2018, 03:40:45 AM

The Asian stock markets are now crashing like Wall Street. Meanwhile bitcoin's gone back up above $8000. Thankfully the investors seem to be buying into it rather than selling it like they are selling those stocks.

If investors decide that BTC is a safe haven asset during a financial crisis, then I hope you brought a spare pair of knickers.  My safety word is “carrots”. 
RoomBot
Legendary
*
Offline Offline

Activity: 1960
Merit: 1113



View Profile
February 09, 2018, 03:44:58 AM

The Asian stock markets are now crashing like Wall Street. Meanwhile bitcoin's gone back up above $8000. Thankfully the investors seem to be buying into it rather than selling it like they are selling those stocks.

If investors decide that BTC is a safe haven asset during a financial crisis, then I hope you brought a spare pair of knickers.  My safety word is “carrots”. 

Hand me my brown pants, sir!
Deeyoh
Member
**
Offline Offline

Activity: 258
Merit: 14


View Profile
February 09, 2018, 03:50:55 AM

I logged into my main financial institution and Lord Jesus Christ I have not seen red this bad in a long while.

Main US fiatcoin portfolios are down 1.8% today. Nothing in the green at all.

Pretty amazing, actually.

Yeah, told ya that bubble wasn't looking to good.  Hope your fiat investors are holding your cash tight.
cAPSLOCK
Legendary
*
Offline Offline

Activity: 3122
Merit: 3246


Volcano Corn!


View Profile
February 09, 2018, 04:24:31 AM

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.
Welcome noob.  FYI not many of us here are worried about being respectful... Wink
d_eddie
Legendary
*
Offline Offline

Activity: 1624
Merit: 1588



View Profile
February 09, 2018, 04:25:16 AM


(snips sprinkled)

1) chained order is a little bit of an additional concept (...)

2)  example of incremental / step setting in the $8k price territory using a ball park of $500 buy/sell increments. (...)

(And so on. A beautiful, detailed explanation in language dry enough to taste delicious given its origin.)

So you can write in an orderly manner when you give up your urban stream of consciousness style. Next piña is on me.

Quote from: JayJuanGee
You remove the "other side" order at the point you just filled, otherwise they will cancel out for sure.

I don't think that "remove" is the correct word choice.  I find that when I am playing this whole system and it is going smoothly, then I am never really removing anything, but I am just adding.  Once a buy order executes, then I add a sell order, and once a sell order executes, then I add a buy order.  

On that same point, I tend to let the price come to me, and rarely do I tweak to reset the order and to expedite the process.   Sometimes, I will change a whole bunch of orders at once which is a kind of removal and replace, but that is not part of the regular practice when the practice is "flowing" then I am only adding orders, not removing orders.

(...)

I am not sure if your example helps.... O.k. we are going with a $500 increment, but if my order to sell at $8,500 executes, then I am not removing anything because I just add a buy order at $8k (because my previous sell had executed at $8k, and I could not do anything until either the next $8.5k sell order executed or the next $7.5 buy order executed.  If the price had gone down rather than up, then my $7.5k order would have filled and I would have set a sell order at $8k rather than the buy order that I ended up setting because of the $8.5k sell order that ended up executing first.

Probably, we are saying the same thing, just phrasing it differently.

Yes, I think I got your system right, but I pictured it as a double (buy/sell) ladder of orders already set up in advance. You watch them fill and remove debris/fix things. Like your buy at $8k is already there (it became relevant after selling at $8.5k).


Quote from: JayJuanGee
3) The whole system is not a wash because you are able to either buy more BTC with the same amount of money or accumulate more money by the size of your orders.  If you keep the exact BTC amounts, then you accumulate dollars; if you keep the same dollar amounts then you accumulate BTC (or you can do some combination of the two).  Recently, I have been working on accumulating more
BTC with my orders.  
On the other hand, I kind of considered this in the background but honestly wasn't sure - I didn't run the numbers to check, so I kept my mouth shut with jojo69, who used the word "mostly" just a couple of positions out of place.

OK, so for the most part, they still cancel out, you are just harvesting (mostly, ed.) at reversals.

If it runs straight up 4 sells, then straight down 4 buys you (mostly) only have one "win"
Well yes - mostly. The effect of trades in middle points starts small and builds up, as JayJuanGee explained  Smiley
d_eddie
Legendary
*
Offline Offline

Activity: 1624
Merit: 1588



View Profile
February 09, 2018, 04:33:18 AM

*sigh* no. IQ tests are simply pattern recognition. There is nothing cultural about it.

Pattern recognition has nothing cultural about it? I disagree. Try a "spot the pattern" competition in the Amazon forest against a local. Yes, you can use your calculator if needed (hint: it won't be).
explorer
Legendary
*
Offline Offline

Activity: 1932
Merit: 1257



View Profile
February 09, 2018, 04:57:18 AM

*sigh* no. IQ tests are simply pattern recognition. There is nothing cultural about it.

Pattern recognition has nothing cultural about it? I disagree. Try a "spot the pattern" competition in the Amazon forest against a local. Yes, you can use your calculator if needed (hint: it won't be).


Do you often use a calculator for abstract cognitive functions?
rafanadal
Member
**
Offline Offline

Activity: 373
Merit: 31


View Profile
February 09, 2018, 05:15:07 AM

Is 8k gonna hold ? what do you guys think ?
TERA2
Full Member
***
Offline Offline

Activity: 266
Merit: 222


Deb Rah Von Doom


View Profile
February 09, 2018, 05:21:42 AM

d_eddie
Legendary
*
Offline Offline

Activity: 1624
Merit: 1588



View Profile
February 09, 2018, 05:23:14 AM

Dear Mom,

(private mom stuff removed).

Love,

P.S. Send more of those lightning-nodes. They were tasty, but not nearly enough to sustain me.

https://bitcointalk.org/index.php?topic=2905720.new#new
Thank you son, that was really sweet. Sorry can't send you nodes atm, still hodling them in the oven. In the meantime, I'm sending you a couple crunchy merits to chew on.

P.S. You look gorgeous in the pic. So like your father!
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
February 09, 2018, 05:26:21 AM

Is 8k gonna hold ? what do you guys think ?


I’ve got a bad feeling about this.
JayJuanGee
Legendary
*
Offline Offline

Activity: 2828
Merit: 5186


ESG, KYC & AML are attack vectors on Bitcoin


View Profile
February 09, 2018, 05:27:35 AM


(snips sprinkled)

1) chained order is a little bit of an additional concept (...)

2)  example of incremental / step setting in the $8k price territory using a ball park of $500 buy/sell increments. (...)

(And so on. A beautiful, detailed explanation in language dry enough to taste delicious given its origin.)

So you can write in an orderly manner when you give up your urban stream of consciousness style. Next piña is on me.

If we drink too many piñas, we are going to have to change the game to shooting the bottles out of the sky, whether empty or full, so hopefully our island does not include noise complainers.. your island, or mine?



Quote from: JayJuanGee
You remove the "other side" order at the point you just filled, otherwise they will cancel out for sure.

I don't think that "remove" is the correct word choice.  I find that when I am playing this whole system and it is going smoothly, then I am never really removing anything, but I am just adding.  Once a buy order executes, then I add a sell order, and once a sell order executes, then I add a buy order.  

On that same point, I tend to let the price come to me, and rarely do I tweak to reset the order and to expedite the process.   Sometimes, I will change a whole bunch of orders at once which is a kind of removal and replace, but that is not part of the regular practice when the practice is "flowing" then I am only adding orders, not removing orders.

(...)

I am not sure if your example helps.... O.k. we are going with a $500 increment, but if my order to sell at $8,500 executes, then I am not removing anything because I just add a buy order at $8k (because my previous sell had executed at $8k, and I could not do anything until either the next $8.5k sell order executed or the next $7.5 buy order executed.  If the price had gone down rather than up, then my $7.5k order would have filled and I would have set a sell order at $8k rather than the buy order that I ended up setting because of the $8.5k sell order that ended up executing first.

Probably, we are saying the same thing, just phrasing it differently.

Yes, I think I got your system right, but I pictured it as a double (buy/sell) ladder of orders already set up in advance. You watch them fill and remove debris/fix things. Like your buy at $8k is already there (it became relevant after selling at $8.5k).

I have a difficult time imagining a double order book because the $8k order was the last price point to have sold (in this example on the way up), and the $8k would be fruitless to be on the books because it is at the same price that we took our last action (in this example selling on the way up)... therefore, the $8k order is not even authorized to be placed until either the $8500 sell order fills or the $7500 buy order fills.

Quote from: JayJuanGee
3) The whole system is not a wash because you are able to either buy more BTC with the same amount of money or accumulate more money by the size of your orders.  If you keep the exact BTC amounts, then you accumulate dollars; if you keep the same dollar amounts then you accumulate BTC (or you can do some combination of the two).  Recently, I have been working on accumulating more
BTC with my orders.  
On the other hand, I kind of considered this in the background but honestly wasn't sure - I didn't run the numbers to check, so I kept my mouth shut with jojo69, who used the word "mostly" just a couple of positions out of place.

OK, so for the most part, they still cancel out, you are just harvesting (mostly, ed.) at reversals.

If it runs straight up 4 sells, then straight down 4 buys you (mostly) only have one "win"
Well yes - mostly. The effect of trades in middle points starts small and builds up, as JayJuanGee explained  Smiley

At the risk of repetitiveness or boredom (some of my specialties), let me provide three examples to attempt to elaborate on the profitability points:

Example 1: involves .1 BTC traded in $500 increments (about 7% increments) with .2% fees (of course if there are no fees, then you can trade tighter parameters and still make a profit).

As you see below the profits on a trade that goes both up and down is about $50 minus the assumed .2% fees (on each end of the trade), so around $47 for both sides (or about $23.50 for each side of the trade)

At $6k, costs $600 for .1 BTC,     fees  $1.20
At $6.5k, costs $650 for .1 BTC,  fees  $1.30
At $7k, costs $700 for .1 BTC, fees  $1.40
At $7.5k, costs $750 for .1 BTC, fees  $1.50
At $8k, costs $800 for .1 BTC, fees  $1.60
At $8.5k, costs $850 for .1 BTC, fees  $1.70
At $9k, costs $900 for .1 BTC, fees  $1.80


Example 2: involves changing one of the variables to have .1 BTC traded in $1,000 increments (about 14% increments)  with .2% fees.

As you see below the profits on a trade that goes both up and down is about $100 minus the fees, so around $97 for both sides (or about $48.50 for each side of the trade)

At $6k, costs $600 for .1 BTC, fees  $1.20
At $7k, costs $700 for .1 BTC, fees  $1.40
At $8k, costs $800 for .1 BTC, fees  $1.60
At $9k, costs $900 for .1 BTC, fees  $1.80
At $10k, costs $1,000 for .1 BTC, fees  $2.00

Example 3: involves changing another one of the variables to have .2 BTC traded in $1,000 increments (about 14% increments) with .2% fees.

As you see below the profits on a trade that goes both up and down is about $200 minus the fees, so around $194 for both sides (or about $82 for each side of the trade)

At $6k, costs $1,200 for .2 BTC, fees  $2.40
At $7k, costs $1,400 for .2 BTC, fees  $2.80
At $8k, costs $1,600 for .2 BTC, fees  $3.20
At $9k, costs $1,800 for .2 BTC, fees  $3.60
At $10k, costs $2,000 for .2 BTC, fees  $4.00

So yeah, of course, increasing trade increments and amounts increases profits while running the risk that the orders will not fill as often or running the risk that you run out of fiat or run out of BTC when the price runs too irrationally in one direction or another beyond expectations.  You can set your trade increments as low as .4% apart from one another and break even on the trade because you are covering the fees for both sides of the trade (of course if there are no fees, then you can trade tighter increments and still make a profit), but I would recommend a minimum of 1.5% increments to make the whole experience worth your time and because bitcoin remains volatile, you are still going to get plenty of practice (perhaps too much during more busy times)..by just letting the BTC price come to you rather than forcing anything or even betting in either direction.

Again, I personally tend to NOT get caught up in the profitability of each specific trade (so long as the trade is profitable) because I find much more value in stacking up orders on both ends, and later building up a position to such a state of stacked up buy/sell orders that you will be able to just sit back and not worry because you won't have to actively manage the trades once you have built up great enough amounts on both ends.. in other words, amounts can get bigger, Bigger and BIGGER with the passage of time... which means the trades will become more and More and MORE profitable, without necessarily gambling on either price direction (yet kind of assuming that in the long run BTC prices are going up).
JayJuanGee
Legendary
*
Offline Offline

Activity: 2828
Merit: 5186


ESG, KYC & AML are attack vectors on Bitcoin


View Profile
February 09, 2018, 05:33:47 AM

Is 8k gonna hold ? what do you guys think ?


I’ve got a bad feeling about this.

Don't do it Hairy Mac.

We need you to bring back Rosewater, too...   
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
February 09, 2018, 05:39:24 AM

Is 8k gonna hold ? what do you guys think ?


I’ve got a bad feeling about this.

Don't do it Hairy Mac.

We need you to bring back Rosewater, too...   

Did you check the cupboard under the stairs?   
Rsiyz
Jr. Member
*
Offline Offline

Activity: 138
Merit: 6


View Profile
February 09, 2018, 05:40:15 AM

asian finacial and markets are based on no lazy people and family structures, support..  yes but they jump on same "train" like wallstreet world.. long time ago
You can by never scary of falling in asia.. yes "red numbers will soo like like  in usa or some west countries  "  but if you travel/work  before 30 years and now..in whole asia .. they are strong.
Also there is big panic in usa "world" and teslas are scary-but they wrote "all is ok".. Cheesy  

No!!  its not good  and they prepare for something BIG..  https://www.globalresearch.ca/financial-meltdown-and-the-confiscation-of-bank-savings-the-uk-eu-bank-depositor-bail-in-scheme/5475934?platform=hootsuite

last fall before days on wall st. show how  weak is whole "system" becouse now usa make angry many alies.. like germans with vw.. but there sanctions on russia make crazy whole eu.. they try smugle products to Russia all ways.. on youtube news is it ,, they broke law in eu , eu police and tax ignore and they try smugle to Russia.. how hopeloss they are )))))
jojo69
Legendary
*
Offline Offline

Activity: 2296
Merit: 3018


1/21000000 , the only math you need to know


View Profile
February 09, 2018, 05:43:26 AM
Merited by BlindMayorBitcorn (1)

oh fuck

where IS Rosewater?

and speaking of brown pants...when was the last BMB sighting?
El duderino_
Legendary
*
Offline Offline

Activity: 1624
Merit: 7301


Observing No-Coiners.


View Profile
February 09, 2018, 05:52:09 AM

#hodler
———> bringing NEW hodlers on BTC board Wink
Pages: « 1 ... 19431 19432 19433 19434 19435 19436 19437 19438 19439 19440 19441 19442 19443 19444 19445 19446 19447 19448 19449 19450 19451 19452 19453 19454 19455 19456 19457 19458 19459 19460 19461 19462 19463 19464 19465 19466 19467 19468 19469 19470 19471 19472 19473 19474 19475 19476 19477 19478 19479 19480 [19481] 19482 19483 19484 19485 19486 19487 19488 19489 19490 19491 19492 19493 19494 19495 19496 19497 19498 19499 19500 19501 19502 19503 19504 19505 19506 19507 19508 19509 19510 19511 19512 19513 19514 19515 19516 19517 19518 19519 19520 19521 19522 19523 19524 19525 19526 19527 19528 19529 19530 19531 ... 29956 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!