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

[JayJuanGee]

I personally believe that it is not worth it to play around with alts with an intent of increasing bitcoin holdings.  But, if some folks are able to find decent systems to play with alts and increase their bitcoins, then the more power to them.. just careful not to be risking too much bitcoin in those kinds of endeavors.

Gotta agree with you there a hundred times. Every time I double my bitcoin with altcoins, I just half it again with more altcoins. That just keeps on happening, and I've been witnessing it for years now.

Now, you are trying to act as if you are smart, or something. 

You should be smart enough to realize that past performance does not indicate future results; however, if you have a system that is working for you, and it seems to work under a variety of market conditions, then you have something that you might want to share with others.

I do personally, try to share my strategies, to the extent that others are interested in discussing - however, sometimes, it takes a bit of time to describes what seems to work and what does not work.

Do you have anything in particular that you want to share that you believe might be good or repeatable, or you just want to keep your supposedly superb strategies private?

[infofront]

+1
Sluts can be difficult.

TAKE ME TO THE SLUTS!

If you crypto, they will come.

[JayJuanGee]

New fangled trading strategy update: Buys and sells $500 apart, a dash of mindfulness, and some whiskey.
Let's do this thing.

I think that you are saying the right thing... hopefully it will help you from panicking too much, especially if you are reluctant to meditate.... I would mostly suggest that you attempt to keep the sizes of your orders relatively small.. so the whole practice accomplishes relieving you of some stress, even if it does not make a lot of money.

In the last two weeks, I cut my order increments down from $1,000 to about $700 because the $1,000 increments were not filling enough to my liking, and I changed a couple other details in my system that I don't want to disclose here because it would likely overly complicate matters and cause too much confusion if I were to try to describe too many of my personal specifics.

My only qualm is my unwillingness to keep a more than trivial amount of monies on an exchange. Which makes the whole thing sort of moot. I guess.

I don't know what you mean by "trivial amount."  I used to keep a bit more than 50% of my BTC portfolio value on exchanges, and I really was not putting that value on the exchanges to use.  A lot of the value was just sitting there on the exchanges, just-in-case.   

After BTC prices went above $1k, and then prices kept going up from there, I began to realize that I likely don't really need to keep that much money on exchanges in order to accomplish my goals, and really the risk of keeping the value seemed to be going up a lot causing the worth of even previously considered "dust" to begin to seem like a lot of money (value).

In recent times, I am keeping around 20% of the total value on exchanges, and it is just the amount of money that I would need for the prices to go DOWN a lot (such as 80% from the top) or UP a lot (3x from our current price point), and likely I could keep lower value on the exchanges, but I think that I am more covered for very extreme prices changes, and I would not have to move the money at the last moment.  I did put enough BTC on exchanges to be prepared up to $35k BTC prices because we were moving UP so fast in December 2017 - but probably now, I could remove some of that BTC, perhaps and only prepare for $25k (but I do feel o.k. preparing for $35k, just in case).

So, you could have 10% to 20% of your BTC portfolio value on exchanges in order to prepare for UP and DOWN without having to put all of your value on exchanges.  Further, currently, I have my exchange value distributed across 4 exchanges.  Currently, I am having some ongoing issues with my coinbase account, so I still have 3 exchanges that I can work with until my coinbase matter is hopefully resolved (been a little over 2 weeks so far with those coinbase fucks).

[explorer]

+1
Sluts can be difficult.

TAKE ME TO THE SLUTS!

If you crypto, they will come.

Well lucky for his sister she's not as ugly as he is!

[xhomerx10]

+1
Sluts can be difficult.

TAKE ME TO THE SLUTS!

If you crypto, they will come.

 Is that a pearl necklace!?  Vitalik you dog!
 

[BlindMayorBitcorn]

https://steemit.com/bitcoin/@rajaz/7uhjjv-you-think-you-ve-been-the-most-unfortunate-guy-in-crypto-well-read-my-story-and-think-again

Painful on levels. sfyl

[HairyMaclairy]

I personally believe that it is not worth it to play around with alts with an intent of increasing bitcoin holdings.  But, if some folks are able to find decent systems to play with alts and increase their bitcoins, then the more power to them.. just careful not to be risking too much bitcoin in those kinds of endeavors.

Gotta agree with you there a hundred times. Every time I double my bitcoin with altcoins, I just half it again with more altcoins. That just keeps on happening, and I've been witnessing it for years now.

Now, you are trying to act as if you are smart, or something. 

You should be smart enough to realize that past performance does not indicate future results; however, if you have a system that is working for you, and it seems to work under a variety of market conditions, then you have something that you might want to share with others.

I do personally, try to share my strategies, to the extent that others are interested in discussing - however, sometimes, it takes a bit of time to describes what seems to work and what does not work.

Do you have anything in particular that you want to share that you believe might be good or repeatable, or you just want to keep your supposedly superb strategies private?

I've had enough of experience now, have lot to share from it, and I'll publish something interesting (like a guide) for new-comers soon on Steem or here. But everyone here might find my journey with crypto a bit interesting:

"You think you've been the most unfortunate guy in crypto? Well, read my story and think again!"

https://steemit.com/bitcoin/@rajaz/7uhjjv-you-think-you-ve-been-the-most-unfortunate-guy-in-crypto-well-read-my-story-and-think-again

Can I humbly suggest you start by not selling any more BTC for alt-coins?

[HairyMaclairy]

If you try to trade there, you will end up losing your money, unless you make obvious trades like buying at $7000 the past week.

Picking obvious trades and defending your position is reasonably easy.  Just go with established momentum.    

[jojo69]

wormsign

[HairyMaclairy]

Hang on to your socks, boys and girls...

https://www.armstrongeconomics.com/world-news/sovereign-debt-crisis/britains-new-law-unexplained-wealth-orders-targeting-the-rich/

I have seen these laws used mostly to fuck up drug dealers.  Good riddance.  

[HairyMaclairy]

wormsign

Thats not wormsign its bullhorn.

[JayJuanGee]

I personally believe that it is not worth it to play around with alts with an intent of increasing bitcoin holdings.  But, if some folks are able to find decent systems to play with alts and increase their bitcoins, then the more power to them.. just careful not to be risking too much bitcoin in those kinds of endeavors.

Gotta agree with you there a hundred times. Every time I double my bitcoin with altcoins, I just half it again with more altcoins. That just keeps on happening, and I've been witnessing it for years now.

Now, you are trying to act as if you are smart, or something. 

You should be smart enough to realize that past performance does not indicate future results; however, if you have a system that is working for you, and it seems to work under a variety of market conditions, then you have something that you might want to share with others.

I do personally, try to share my strategies, to the extent that others are interested in discussing - however, sometimes, it takes a bit of time to describes what seems to work and what does not work.

Do you have anything in particular that you want to share that you believe might be good or repeatable, or you just want to keep your supposedly superb strategies private?

I've had enough of experience now, have lot to share from it, and I'll publish something interesting (like a guide) for new-comers soon on Steem or here. But everyone here might find my journey with crypto a bit interesting:

"You think you've been the most unfortunate guy in crypto? Well, read my story and think again!"

https://steemit.com/bitcoin/@rajaz/7uhjjv-you-think-you-ve-been-the-most-unfortunate-guy-in-crypto-well-read-my-story-and-think-again

O.k.  Maybe I misunderstood your first response in this string?  I thought that you were suggesting that you had a better strategy of increasing your bitcoin, but instead you seem to have been rolling your eyes at yourself, and agreeing that you may have been better off if you had just kept your money in bitcoin.

I did look at your steemit article, too, and I don't necessarily agree with your thesis that you might be the "unluckiest" guys in bitcoin because there are a lot of peeps who make similar mistakes as you - to sell their bitcoins too early and to attempt to trade in alt coins and to cause a situation that is worse than if they had just kept their value in bitcoin.

[JayJuanGee]

Altcoins can be a very good way to get more BTC though. There is no reason to hold on to BTC just because you believe it will win in the end.

I'm not just talking about Pump and dump coins - many alts can compete with and beat BTC for long periods of time. The end goal is to accumulate more BTC as well as the few altcoins you believe in.


Altcoins are great for another reason - experienced traders have pretty much cornered the BTC market. If you try to trade there, you will end up losing your money, unless you make obvious trades like buying at $7000 the past week.

Pick a small altcoin (I choose Oyster (PRL)), and you can win in virtually all trades with just a mediocre amount of skill, since you're not competing against veteran Bitcoiners, but rather FOMO'ers who happened to pick something that didn't lose all of its value during the dump.

By trading during the alt-dump to acquire more alt, then selling the alts for BTC after a large pump (alts recover more), I have earned over 2 BTC in the last 2 weeks. It may not be impressive to some here, but 2 BTC is very decent money for me.

(I'm someone who frequented this thread recently - my password was changed though, and my account locked ?)

Get the fuck out of here with your alt coin pumping and your baloney about the supposed benefits of alts versus the supposed "professional" trading on BTC.

Yeah, you may be able to increase your BTC through alts; however, you might also decrease your BTC through alts- so you are suggesting some whimsical and non-specified advice for gambling with alts... and you have not even described how the technique is supposed to work exactly to both 1) identify the alt that you want to trade, 2) time the trading, 3) make sure that you do not get scammed because there are a lot of alt coin scams out there, 4) make sure that you do not get locked into the alt.. sometimes it can be easier to get into alts, but getting out might be more challenging and 5) any other alt coin trick that may be helpful in figuring out what to do and when to do it.

[infofront]

Sure, but honestly mate, once you're addicted to altcoins, there's hardly any way out.

You just haven't lost enough money yet then.
I learned my lesson after I was burned several times in the altcoin craze of 2014-2015. I'm now much more conservative in my altcoin "investing".

[bitserve]

Looking good. Shorters prepare to be rekt. Resistance is futile.

[Warren Buffert]

 

[marcus_of_augustus]

Sure, but honestly mate, once you're addicted to altcoins, there's hardly any way out.

IMG strung out addict lips and nose covered in white powder asking  "Y'all got anymore of those altoins?" /IMG

altcoins, ICOs, same shit ... meth of greed street

[JayJuanGee]

Altcoins can be a very good way to get more BTC though. There is no reason to hold on to BTC just because you believe it will win in the end.

I'm not just talking about Pump and dump coins - many alts can compete with and beat BTC for long periods of time. The end goal is to accumulate more BTC as well as the few altcoins you believe in.


Altcoins are great for another reason - experienced traders have pretty much cornered the BTC market. If you try to trade there, you will end up losing your money, unless you make obvious trades like buying at $7000 the past week.

Pick a small altcoin (I choose Oyster (PRL)), and you can win in virtually all trades with just a mediocre amount of skill, since you're not competing against veteran Bitcoiners, but rather FOMO'ers who happened to pick something that didn't lose all of its value during the dump.

By trading during the alt-dump to acquire more alt, then selling the alts for BTC after a large pump (alts recover more), I have earned over 2 BTC in the last 2 weeks. It may not be impressive to some here, but 2 BTC is very decent money for me.

(I'm someone who frequented this thread recently - my password was changed though, and my account locked ?)

Get the fuck out of here with your alt coin pumping and your baloney about the supposed benefits of alts versus the supposed "professional" trading on BTC.

Yeah, you may be able to increase your BTC through alts; however, you might also decrease your BTC through alts- so you are suggesting some whimsical and non-specified advice for gambling with alts... and you have not even described how the technique is supposed to work exactly to both 1) identify the alt that you want to trade, 2) time the trading, 3) make sure that you do not get scammed because there are a lot of alt coin scams out there, 4) make sure that you do not get locked into the alt.. sometimes it can be easier to get into alts, but getting out might be more challenging and 5) any other alt coin trick that may be helpful in figuring out what to do and when to do it.

You have given me practical advice in the past (which was an psuedo-algorithm on selling on rises and buying on dips), so I will consider your advice.

Of course, it's not my intention to pump any alt or tell anyone that they must do this to make a lot of profit, and I fully believe that I would get beaten up pretty badly in trading BTC-USD pairings, which trading BTC-sub100 alts has been pretty good.

I actually do all of what you have listed - I go check out an alt and do quite a bit of research, especially on their community, and the hype of the coin. It's quite a bit of work, but after that, I get to trade vs. the FOMO'ers who are impatient and brand new to crypto.

This is particularly good for coins that have been around in only the past few months.

I have not had issues with getting locked into alts, since I am a small-time trader - I can offload my altcoins rather quickly.

This is an area in which I will have to burned first before I quit.

Well, all the more power to you, if you are able to trade alts and to gain BTC through such trades; however, such a trading alts to increase your BTC is far from a given, even if it has worked in the past.  It remains difficult to recognize a pattern, and is likely a more risky and complicated a practice that is not even very relevant to this thread unless there were some obvious BTC/Alt/USD connection, which there is not.

[jojo69]

USD is the ultimate shitcoin

enormous premine, high inflation rate, unlimited supply

this thread is no place to discuss such a currency

[moneyForjam]

ok kids...watched wolf of wall st again last night...
the scene where DiCaprio was wasted on lemmon 714 at the country club , then when he got home and saves Jonah Hills life by snorting a huge pile of coke and watching popeye was so funny