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Question: Which price is bitcoin going to reach first? (credits to Jay)
$25K - 55 (35.5%)
$50K - 100 (64.5%)
Total Voters: 155

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25371640 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. (157 posts by 13 users deleted.)
Trilogy-AI
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March 04, 2018, 05:43:38 AM

Trying to do tax planning. I have thousands of trades across a dozen exchanges in different countries in all sorts of alts.  I am really struggling to figure it out so good fucking luck to the tax authority.  It would take a CPA 3 months.   I’m just going to have to make a best efforts estimate.  Half the exchanges don’t even export trade records in .csv.  Plus miner fees and dust lost in web wallets etc.  Total mess.  

Just a general question: why would someone make thousands of trades per year?
IMHO, it is self defeating in eventuality.
Personally, when I over trade, it a signal that I am about to lose a lot of money (for me).
In happened in 2000-2001 just before I had losses in 2002.
One year i had about a thou trades. It took me about three weeks to figure it all out on Turbotax.
Some trades looked really stupid when I looked at the totality of it all.
After that-no more of that nonsense.


Over a thousand trades per year means dozens of trades a week. At that frequency, it's likely you are getting thrashed by small fluctuations. But the real money to be made is putting on positions into substantial opportunities: major trend changes, double bottoms, head-and-shoulders, capitulation, etc. Then hodling for a long swing (long or short). And that supports a more detached trading psychology.
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Toxic2040
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March 04, 2018, 05:57:39 AM



Downtrend has formed
RSI <50
Stoch in the oversold area but still plug and not cross
The MACD is shifting in a downward direction, showing no sign of crossing
=> continue to fall to 11k and 11.6k is the need to pass.

Nailed it.

+1 WOsMerit
HairyMaclairy
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March 04, 2018, 06:09:07 AM
Last edit: March 04, 2018, 06:21:29 AM by HairyMaclairy

Trying to do tax planning. I have thousands of trades across a dozen exchanges in different countries in all sorts of alts.  I am really struggling to figure it out so good fucking luck to the tax authority.  It would take a CPA 3 months.   I’m just going to have to make a best efforts estimate.  Half the exchanges don’t even export trade records in .csv.  Plus miner fees and dust lost in web wallets etc.  Total mess.  

Just a general question: why would someone make thousands of trades per year?
IMHO, it is self defeating in eventuality.
Personally, when I over trade, it a signal that I am about to lose a lot of money (for me).
In happened in 2000-2001 just before I had losses in 2002.
One year i had about a thou trades. It took me about three weeks to figure it all out on Turbotax.
Some trades looked really stupid when I looked at the totality of it all.
After that-no more of that nonsense.


Over a thousand trades per year means dozens of trades a week. At that frequency, it's likely you are getting thrashed by small fluctuations. But the real money to be made is putting on positions into substantial opportunities: major trend changes, double bottoms, head-and-shoulders, capitulation, etc. Then hodling for a long swing (long or short). And that supports a more detached trading psychology.

I don’t buy and hold shitcoins.  5 hours is a long term hold for a shitcoin. On average, I profit on shitcoins.  Sometimes I make mistakes but I cut them the moment they show weakness.  Example:  I follow Charlie Lee on twitter and bought Nano when his tweet came out.  I exited with a 5% profit.  It ended going a lot higher but I’m not ashamed to take a small profit immediately. 

On the other hand I have bitcoin I bought 4 years ago and haven’t touched.  Different asset classes, different trading strategies.  
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March 04, 2018, 06:17:20 AM



How long price of cryptos declining? I can't imagine hopefully it grows up again.

As per the graph price now was fluctuates into $9K - $11K
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March 04, 2018, 06:36:58 AM

Hi to all experts Smiley anyone knows about? When the altcoins go to the moon again?

Steller up 12%. Not 🌝 though.
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March 04, 2018, 07:31:33 AM

Hi to all experts Smiley anyone knows about? When the altcoins go to the moon again?

Steller up 12%. Not 🌝 though.

Well, Stellar has been falling steadily for weeks now.

Even with this 12% spike it´s still deep in the red Wink

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March 04, 2018, 08:45:02 AM

Its just temporarily testing that channel it broke out of in November and fell back into in January, before eventually falling below.

This already happened with a smaller channel above. There are several nested blowouts.

After the next crash, it'll spend 1-2 years testing the original slow channel from 2015-2016. At the next halvening it'll either breakout into the next bull market or fall below this channel to the final fail or least the longest bear market weve ever seen.
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March 04, 2018, 08:56:08 AM

 @DougPolkPoker
Mar 2

I don't think citizens should be allowed to have guns.

I say this as a gun owner, so I am aware this could seem hypocritical. But the more I look at all of the solutions to the gun debate, the more I feel the only long term solution is to begin the process of removing them.
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March 04, 2018, 08:58:51 AM

If banning guns to save thousands lives in over publicized media events is so importnt to sacrifice our basic freedoms then I think we must also ban cars and improper medicine which is killing millions of people.
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March 04, 2018, 09:02:18 AM

Hi to all experts Smiley anyone knows about? When the altcoins go to the moon again?

Tuesday, 3:45 GMT

Are you sure? My friend said it was Tuesday 3:47 GMT.
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March 04, 2018, 09:08:22 AM

@DougPolkPoker
Mar 2

I don't think citizens should be allowed to have guns.

I say this as a gun owner, so I am aware this could seem hypocritical. But the more I look at all of the solutions to the gun debate, the more I feel the only long term solution is to begin the process of removing them.

Which, for the billionth time, is a useless opinion without explaining how.
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March 04, 2018, 09:12:54 AM

Do you guys feel you are missing out by not being allowed RPGs?  Isn’t that a violation of your second amendment rights?  How are you going to protect yourself against black helicopters?
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March 04, 2018, 09:21:54 AM

Do you guys feel you are missing out by not being allowed RPGs?  Isn’t that a violation of your second amendment rights?  How are you going to protect yourself against black helicopters?

You can miss out if you want... I want the black helicopters, too!
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March 04, 2018, 09:28:41 AM

Do you guys feel you are missing out by not being allowed RPGs?  Isn’t that a violation of your second amendment rights?  How are you going to protect yourself against black helicopters?
There is no good solution. The state should fear the people, or it turns into another of the countless soviet fiascos throughout history. That's not possible today, so the cycle repeats.
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March 04, 2018, 09:34:30 AM
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State will not fear a couple of rednecks with an ar rifle, the only way to attack the military are IEDs.
The power of the people is political, this is what every state (even north Korea) fear: ideas, knowledge, political enlightment...not guns.
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March 04, 2018, 09:44:37 AM

If we actually want to take power back from the state then it's going to come down to killing politicians who are harmful to the country. The only thing corrupt people like that understand or care about are personal consequences.
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March 04, 2018, 09:56:18 AM

How on earth are you traders not documenting every trade and every satoshi in real time? What if the exchange fails on a trade? Or goes bust?
How do you objectively analyse your business strategies?

And the only way to pay as little tax as you dare is to start with this accurate record. Then you can finesse in some losses, being-scammeds, misjudgments, expansion programmes, capital expenditures.
If you need.
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March 04, 2018, 10:01:11 AM

You can just take out the heli with a car in the USA

Its an up signal.
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March 04, 2018, 10:05:28 AM

Its just temporarily testing that channel it broke out of in November and fell back into in January, before eventually falling below.

This already happened with a smaller channel above. There are several nested blowouts.

After the next crash, it'll spend 1-2 years testing the original slow channel from 2015-2016. At the next halvening it'll either breakout into the next bull market or fall below this channel to the final fail or least the longest bear market weve ever seen.

You will be familar with investors suffering recency bias from the GFC.  How do you challenge yourself to ensure you are not suffering recency bias from 2014?

In asking the question, I acknowledge that your calls to date have largely been correct.  I got bull trapped for two years in early March 2014 and so remember it well.

I am assuming a core part of your thesis is that a halvening cycle will only support one manic blow off period.  This would put the next blow off top in December 2022 or December 2023.  
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March 04, 2018, 10:11:07 AM

Hi to all experts Smiley anyone knows about? When the altcoins go to the moon again?

Steller up 12%. Not 🌝 though.

Well, Stellar has been falling steadily for weeks now.

Even with this 12% spike it´s still deep in the red Wink


All alts are crashing bloody red, it's not just Stellar. Vechain, Cardano, Ripple etc, all the so-called awesome coins have been crashing for a while, not even "huge" partnerships are working out.

These days, I'm forced to ask myself, "Why am I really holding these shit-coins and getting daily decrease instead of bitcoin?"
Pages: « 1 ... 19679 19680 19681 19682 19683 19684 19685 19686 19687 19688 19689 19690 19691 19692 19693 19694 19695 19696 19697 19698 19699 19700 19701 19702 19703 19704 19705 19706 19707 19708 19709 19710 19711 19712 19713 19714 19715 19716 19717 19718 19719 19720 19721 19722 19723 19724 19725 19726 19727 19728 [19729] 19730 19731 19732 19733 19734 19735 19736 19737 19738 19739 19740 19741 19742 19743 19744 19745 19746 19747 19748 19749 19750 19751 19752 19753 19754 19755 19756 19757 19758 19759 19760 19761 19762 19763 19764 19765 19766 19767 19768 19769 19770 19771 19772 19773 19774 19775 19776 19777 19778 19779 ... 29213 »
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