Bitcoin Forum
December 02, 2022, 12:44:15 PM *
News: Reminder: do not keep your money in online accounts
 
   Home   Help Search Login Register More  
Poll
Question: Did we reach the bottom already?
Yes - 60 (50%)
No, it's coming later this year - 44 (36.7%)
No, it's coming next year or after - 16 (13.3%)
Total Voters: 120

Pages: « 1 ... 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 19780 19781 19782 19783 ... 31632 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25878105 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. (170 posts by 5 users with 9 merit deleted.)
explorer
Legendary
*
Offline Offline

Activity: 2016
Merit: 1259



View Profile
March 05, 2018, 03:02:55 AM

Long / shorts ratio just passed 2.0.  This is the entry point to a bull market.  



Doesn't that just mean its time to whale stomp all of those positions?  Or wait for a still higher ratio?
The block chain is the main innovation of Bitcoin. It is the first distributed timestamping system.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1669985055
Hero Member
*
Offline Offline

Posts: 1669985055

View Profile Personal Message (Offline)

Ignore
1669985055
Reply with quote  #2

1669985055
Report to moderator
1669985055
Hero Member
*
Offline Offline

Posts: 1669985055

View Profile Personal Message (Offline)

Ignore
1669985055
Reply with quote  #2

1669985055
Report to moderator
1669985055
Hero Member
*
Offline Offline

Posts: 1669985055

View Profile Personal Message (Offline)

Ignore
1669985055
Reply with quote  #2

1669985055
Report to moderator
bitserve
Legendary
*
Offline Offline

Activity: 1638
Merit: 1343


Self made HODLER ✓


View Profile
March 05, 2018, 03:04:59 AM

Just got a phone call from a contact in the mining industry.  He has built a water pipeline in a third world country and has been paid several million USD equivalent in local currency. Now he wants to get his money out but is having problems due to forex controls.

He called me to see if I could find someway to sell him Bitcoin in exchange for the local currency.  I might need to contact one of the OTC desks to see if they take third world shit fiat.

Why would someone build anything without making sure, in first place, he can get the money out? Or is it that something changed in that country afterwards?

I am sure he will find someone to sell him the BTC.... for an astronomical premium most probably.

Would love to hear more about how it all develops.
bones261
Legendary
*
Offline Offline

Activity: 1806
Merit: 1825



View Profile
March 05, 2018, 03:11:46 AM

Long / shorts ratio just passed 2.0.  This is the entry point to a bull market.  



Doesn't that just mean its time to whale stomp all of those positions?  Or wait for a still higher ratio?

The fastest way for a whale to do this would be to short BTC. WThis would make the ratio go back more in favor of the shorts. It takes more BTC to just dump on the open market rather than using leverage for maximum effect. Shoot, you don't even need BTC to open a leveraged short position, a whole bunch of fiat would do.
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
March 05, 2018, 03:14:40 AM

Is your contact also a Nigerian prince?

No he’s more of a princess than anything else.


Just got a phone call from a contact in the mining industry.  He has built a water pipeline in a third world country and has been paid several million USD equivalent in local currency. Now he wants to get his money out but is having problems due to forex controls.

He called me to see if I could find someway to sell him Bitcoin in exchange for the local currency.  I might need to contact one of the OTC desks to see if they take third world shit fiat.

Why would someone build anything without making sure, in first place, he can get the money out? Or is it that something changed in that country afterwards?

I am sure he will find someone to sell him the BTC.... for an astronomical premium most probably.

Would love to hear more about how it all develops.

They have gotten the money out in the past but they had to charter an airplane to do it.  He seems to think Bitcoin would be safer and more convenient.  I have asked some questions and will see what happens.   I suspect the answer will be no one wants the shitty local currency.
bones261
Legendary
*
Offline Offline

Activity: 1806
Merit: 1825



View Profile
March 05, 2018, 03:18:51 AM

Is your contact also a Nigerian prince?

No he’s an engineer which makes him more of princess.



Be careful before going into such a deal. It could land you an unlicensed money transmitter charge. Also, you would then be stuck with the currency in question to try and offload to someone else.
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
March 05, 2018, 03:24:26 AM

I’m not doing the deal.  At most I will link him up with an OTC desk but I seriously doubt they want the shitfiat either.
marcus_of_augustus
Legendary
*
Offline Offline

Activity: 3920
Merit: 2347


Eadem mutata resurgo


View Profile
March 05, 2018, 03:30:37 AM

Is your contact also a Nigerian prince?
No he’s an engineer which makes him more of princess.
Be careful before going into such a deal ... Also, you would then be stuck with the currency in question ...
bitserve
Legendary
*
Offline Offline

Activity: 1638
Merit: 1343


Self made HODLER ✓


View Profile
March 05, 2018, 03:41:30 AM

BOOM!
Toxic2040
Legendary
*
Offline Offline

Activity: 1512
Merit: 3450



View Profile
March 05, 2018, 03:42:43 AM

Is your contact also a Nigerian prince?
No he’s an engineer which makes him more of princess.
Be careful before going into such a deal ... Also, you would then be stuck with the currency in question ...
-edit-
+1 WOsMerit cause Wolf.

+100 WOsMerit airdrop cause Bitcoin.

Aight...lets party.
scum
Member
**
Offline Offline

Activity: 83
Merit: 14


View Profile
March 05, 2018, 03:46:40 AM

Is this the assault on the neckline of the right shoulder on the iH&S everyone has been watching?

-edit- BTW, sorry to interrupt the gun talk... lol-

Stamp spiked up to $11395. If it can get above $11400 before Monday the post weekend pump could push it above $11500.

No need to get excited unless it breaks above $12k

It's getting closer to $12k. Is it time to get excited yet?
Toxic2040
Legendary
*
Offline Offline

Activity: 1512
Merit: 3450



View Profile
March 05, 2018, 03:53:40 AM

Is it time to get excited yet?

No, Goddamnit. Slow your fucking roll. Can't rush these things. They just have to happen on their own, man.

Give it a bit more time, k ?  Kiss

Well...fine..its going to take us a bit to scrape up the 200 mio we need to get over that cowpie you dropped up ahead and over 12k...Morning ok with you? /s
Raja_MBZ
Legendary
*
Offline Offline

Activity: 1876
Merit: 1501



View Profile
March 05, 2018, 03:57:39 AM



Time to shoot the sell walls! Grin
bones261
Legendary
*
Offline Offline

Activity: 1806
Merit: 1825



View Profile
March 05, 2018, 03:58:20 AM
Last edit: March 05, 2018, 04:10:54 AM by bones261

Is it time to get excited yet?

No, Goddamnit. Slow your fucking roll. Can't rush these things. They just have to happen on their own, man.

Give it a bit more time, k ?  Kiss

https://www.youtube.com/watch?v=dbk29JZdl5A
JayJuanGee
Legendary
*
Offline Offline

Activity: 3192
Merit: 7469


ESG, KYC & AML are attack vectors on Bitcoin


View Profile
March 05, 2018, 04:14:28 AM

Is this the assault on the neckline of the right shoulder on the iH&S everyone has been watching?

-edit- BTW, sorry to interrupt the gun talk... lol-

Stamp spiked up to $11395. If it can get above $11400 before Monday the post weekend pump could push it above $11500.

No need to get excited unless it breaks above $12k

It's getting closer to $12k. Is it time to get excited yet?


Going up is NOT bad news   - yet, I personally think that breaking ABOVE $12k, is the reasonable start to get excited point.

I am all for getting excited... I want to get excited, too.... however, too frequently guys (and gal) here in this thread are getting overly excited over small price moves up and down, and we continue to consolidate.. with seemingly $12k being the new price resistance point that we need to consider getting above..

I do like it though.. I do like the ongoing upwards price pressures... .. and getting above $11,500 from yesterday was good, and getting above $11,780 from a couple of weeks ago (2/20) will be good too... (if it happens)
Bitcoinaire
Sr. Member
****
Offline Offline

Activity: 695
Merit: 439



View Profile
March 05, 2018, 04:17:14 AM

Damn skippy, cracked $11,600!
cAPSLOCK
Legendary
*
Offline Offline

Activity: 3486
Merit: 4782


Whimsical Pants


View Profile
March 05, 2018, 04:26:36 AM

Choo-choo?  Carolina?  Wormsign?
scum
Member
**
Offline Offline

Activity: 83
Merit: 14


View Profile
March 05, 2018, 04:31:04 AM

Damn skippy, cracked $11,600!

Don't tell me you are suffering from premature excitation like me. The experienced members here have learned to control their excitation.
cAPSLOCK
Legendary
*
Offline Offline

Activity: 3486
Merit: 4782


Whimsical Pants


View Profile
March 05, 2018, 04:31:33 AM
Merited by BobLawblaw (1)

Is this the assault on the neckline of the right shoulder on the iH&S everyone has been watching?

-edit- BTW, sorry to interrupt the gun talk... lol-

Stamp spiked up to $11395. If it can get above $11400 before Monday the post weekend pump could push it above $11500.

No need to get excited unless it breaks above $12k

It's getting closer to $12k. Is it time to get excited yet?


Going up is NOT bad news   - yet, I personally think that breaking ABOVE $12k, is the reasonable start to get excited point.

I am all for getting excited... I want to get excited, too.... however, too frequently guys (and gal) here in this thread are getting overly excited over small price moves up and down, and we continue to consolidate.. with seemingly $12k being the new price resistance point that we need to consider getting above..

I do like it though.. I do like the ongoing upwards price pressures... .. and getting above $11,500 from yesterday was good, and getting above $11,780 from a couple of weeks ago (2/20) will be good too... (if it happens)

Your 12000 number is nice and round and psychologically wondersome.  But between where we are right now and your 11780 are more significant because we are doing lots of neat stuff all at once.  Breaking the neckline no matter how you draw it, closing in on, an surpassing recent highs.  Breaking log resistance on top of linear.  Perhaps other things.

And we are rolling into Monday across the world.

What we want to see now is big big big volume on an upswing.

Get that and it's Carolina Wormtrain, gentlemen.
cAPSLOCK
Legendary
*
Offline Offline

Activity: 3486
Merit: 4782


Whimsical Pants


View Profile
March 05, 2018, 04:35:41 AM

Right now those green volume candles are smart gamblers.  This is early money on a big ass bet.  There's definitely no guarantee.  But if you like to gamble this is a better bet right now, than anything on a roulette table.

jojo69
Legendary
*
Offline Offline

Activity: 2660
Merit: 3724


1/21000000 , the only math you need to know


View Profile
March 05, 2018, 05:08:29 AM

meh

I would have expected violent upward action when we broke the downtrend.  This break is unconvincing.

I think we are in for the chaotic establishment of a sideways channel, it's bounds as yet undetermined, but this may well be the upper.
Pages: « 1 ... 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 19780 19781 19782 19783 ... 31632 »
  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!