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

[Rosewater Foundation]

can someone lend me $1000000 ? I promise to pay you back double in 6 months

haha nice ... nice deal on both sides  

$20k in 6 months is absurd. There I said it. Next leg up I start implementing the JJG strategy.

pl don't talk us all to death as well as him

Understood.

[JayJuanGee]

Ok Wall Observer's participants...I have a question for you. I came up with this idea last night and am in the process of implementing it. I have had a general go ahead from tptb to ask what you ..the WO think about it.

As many of you are aware Wall Street has many analytical firms out there that just market sentiment. I thought it would be nice to have one for Bitcoin as well and so came up with the Wall Observer Bull/Bearish Index or WOBBI for short. This index would be comprised of FA, TA, Polling, AI sentiment analysis and proprietary algorithms to generate a daily(hourly, anytime you ping it?) index.


What I am wondering is this a good idea? Would it be something you supported? Do you think this would be positive or a negative for the forum in general and this thread in particular? Would you want to help develop or contribute in some way to this idea?

Discuss please.

Thank you.
tc

Sounds like a good idea for anyone willing to put in some work...

Furthermore the chartbuddy replacement seems like a good idea, too, but has not been around for nearly two years, ever since butt hurt Richie_T ran away with his marbles.

[Last of the V8s]

can someone lend me $1000000 ? I promise to pay you back double in 6 months

haha nice ... nice deal on both sides  

$20k in 6 months is absurd. There I said it. Next leg up I start implementing the JJG strategy.

pl don't talk us all to death as well as him

Understood.

pl ignore me. fwiw his staircase thingy is ok

[HairyMaclairy]

Ok Wall Observer's participants...I have a question for you. I came up with this idea last night and am in the process of implementing it. I have had a general go ahead from tptb to ask what you ..the WO think about it.

As many of you are aware Wall Street has many analytical firms out there that just market sentiment. I thought it would be nice to have one for Bitcoin as well and so came up with the Wall Observer Bull/Bearish Index or WOBBI for short. This index would be comprised of FA, TA, Polling, AI sentiment analysis and proprietary algorithms to generate a daily(hourly, anytime you ping it?) index.


What I am wondering is this a good idea? Would it be something you supported? Do you think this would be positive or a negative for the forum in general and this thread in particular? Would you want to help develop or contribute in some way to this idea?

Discuss please.

Thank you.
tc

I think it would be a bit of fun and I see no harm in it - so go for it.  

But how do you propose to gather the data?

[pacman7331]

Wonder if we can get back to 10600 before next day candle?

Miracles happen.

It would mean the upward trend line I drew stays intact... (sortave).

[flynn]

You guys fucked up again I see.
Time to come back to basics

https://youtu.be/KTf5j9LDObk?list=RDKTf5j9LDObk

[HairyMaclairy]

Yes Hairy you better not go round there and give the guy a good kicking.
https://bitcoinelectrum.com/creating-a-watch-only-wallet/

Thanks.

Thinking about this some more, need to widen the net. Need to go back to measuring coin days destroyed.  Blockchair tracks coin days destroyed. Hmmmm.

[svladovsky]

up, up for christ sake.

[JayJuanGee]

can someone lend me $1000000 ? I promise to pay you back double in 6 months

haha nice ... nice deal on both sides  

$20k in 6 months is absurd. There I said it. Next leg up I start implementing the JJG strategy.

hahahahahaha...

Yeah right... I will believe it when I see it.

 

By the way, your mere statement of your proposed plan shows that you have a somewhat inconsistent interpretation of the alleged "JJG strategy"...  

I will say that  you do not have to wait for any kind of leg anywhere before you start to implement any such semblance of a JJG strategy.

The main thing is that if you feel that you are too stretched in BTC or dollars in one direction or another, you reduce your trading amounts to smaller than usual in order that you are always practicing the JJG strategy semblance..

In other words, you do not wait for any kind of leg before you begin....  and you start right away.... such starting might involve incrementalism, that is not gambling, is tailored to your situation, and should not cause emotional anxiety regarding preferred BTC price direction.

I can already foresee... I followed "the JJG strategy" and I got fucked.  hahahhahaha  

[edited out]

pl don't talk us all to death as well as him

EXACTLY, V8ie.    Any semblance of a "real" JJG strategy is going to have to involve "meaningful" renditions.  I think that you are onto me.    

[Last of the V8s]

Thanks.

Thinking about this some more, need to widen the net. Need to go back to measuring coin days destroyed.  Blockchair tracks coin days destroyed. Hmmmm.

That's very cool (and very out of fashion). What are you up to?

[Rosewater Foundation]

up, up for christ sake.

I will say that  you do not have to wait for any kind of leg anywhere before you start to implement any such semblance of a JJG strategy.

Well I can hardly start stacking sells at the bottom. Can I?

[AR_fan]

From 12 to 8 is a 33% variation. Maybe this kind of variation will be the norm now.

Double the price from 6 to 12, fall to 8, then double again to 16, fall to around 10, then double again to 20. How much time would this take?

I dont think we can reach 100k this year anymore. For that, we would be at 20k right now.

But we can still reach 50-70k by the end of the year.

My rough guesstimate would be 67-68 days.

for what?

For people to finally learn that price predictions are pure fine grade BS.

Or to not make investment decisions based on advice from random guys on a forum.

Take your pick  

around 25 march we'll be around 5K

how's that for price prediction and timing ? 19 days left.  

you guys don't realize how powerful and mighty good some of us are at this game.

its starting

[JayJuanGee]

I will say that  you do not have to wait for any kind of leg anywhere before you start to implement any such semblance of a JJG strategy.

Well I can hardly start stacking sells at the bottom. Can I?

First:   how do you know that we are at any kind of bottom?  Yeah, sure we went down in the past  couple of days, so therefore there has been a buying opportunity for those who had been selling on the way up.  On a personal note, my last sell orders were filled in the $11,350 arena** (and there were several close to $11,700, but none of them were filled).  Therefore, in my current set up, I started buying at $10,700, and so I bought a few times down to $9,700... But whenever my buy orders filled, I reset my sell orders, so therefore, even though my sell orders hav not filled yet, they are starting around $10,350 and going back up the chain..

Second:  By stating that you start right away, I am not asserting that you should rush anything.  Instead, I am saying that there is no reason to wait to implement the strategy by placing the orders on both sides... and even if your sell orders might not have executed, yet, they are already in place.

Third:  Sure, there is a certain level of stick-to-itness with any strategy and to keep your orders in place once you set them; however, there is nothing wrong with rethinking your whole approach from time to time.  Sometimes, I will go through my whole order book and tweak it a little bit here and there.. sometimes, I will make the increments larger or smaller and other times I will make the amounts larger or smaller, and sometimes my tweaking is just based on personal comfort level adjustments, and other times, I tweak because I feel a bit of a tingling feeling in respect to one price direction or another, but most of the time, when I tweak, I do not take BIG actions, because I had already set up a system that feels pretty comfortable to me, so any kind of tweaking is usually not a major change that will cause me to feel more in sync or more in balance with my then current sentiments.

____________________________

**   Note: I am rounding these trading numbers for ease of reference.  Almost never do I set any orders at exactly round numbers.. if the price is going down, I will set my buy orders, slightly above any round number, and if the price is going up, I will set my sell orders slightly below any round number.

[UnDerDoG81]

Fake news?

https://captainaltcoin.com/now-we-know-who-sold-the-bottom-at-6k-and-tried-to-crash-bitcoin/

How will he pay us back? I had only 0.5 BTC on Gox but better than nothing right?

[jbreher]

Hey, watch who you're calling grandma! 

Do your children have children ?

My children have children that have Bitcoin.

XD

[Ivor Biggun]

Fake news?

https://captainaltcoin.com/now-we-know-who-sold-the-bottom-at-6k-and-tried-to-crash-bitcoin/

How will he pay us back? I had only 0.5 BTC on Gox but better than nothing right?

You are lucky. He ripped this guy off twice. He only ripped you off once.

[Typex]

So this is the trustee?
http://www.noandt.com/data/lawyer/index/id/2957/

He has only sold 15% or so of whats available.
Looks like this is going to keep the price down for awhile.

[jbreher]

I will say that  you do not have to wait for any kind of leg anywhere before you start to implement any such semblance of a JJG strategy.

Well I can hardly start stacking sells at the bottom. Can I?

Bottom? We were at merely $5873 pert near exactly one month ago.

[marcus_of_augustus]

So this is the trustee?
http://www.noandt.com/data/lawyer/index/id/2957/

He has only sold 15% or so of whats available.
Looks like this is going to keep the price down for awhile.

No, he has raised the ~45 billion JPY required to cover all claims against the bankruptcy estate of Mt GOX. There wont be anymore selling of GOX coins until they decide what to do with the remaining assets of GOX ... they could all end up going to Mark Karpeles.

https://financefeeds.com/mtgoxs-trustee-adds-jpy-42-96-billion-account-balance-bankruptcy-estate/

Nobuaki Kobayashi, the bankruptcy trustee of ill-fated Bitcoin exchange MtGox Co., Ltd., has earlier today published an update with regard to his work on the case. The documents were distributed at the tenth creditors’ meeting.

The trustee says that the balance in the account that he has secured as of March 6, 2018, is JPY 44,170,278,921, i.e., an increase of approximately JPY 42,956,000,000 from the time of the 9th creditors’ meeting.

The amount of BTC managed by the bankruptcy estate as of March 5, 2018, is 166,344.35827254 BTC. Currently, the trustee is still investigating the existence of additional BTC held by the bankrupt entity. If any BTC is found, he plans to move them to the address which he manages, and he will keep such BTC there.

The amount of BCC managed by the bankruptcy estate as of March 5, 2018, is 168,177.35927254 BCC. The trustee says that to the best of his knowledge, the cryptocurrencies split from BTC of the bankruptcy estate belong to the bankruptcy estate.

The trustee is conducting investigations into whether any BTC or money in other currencies that were possessed by or under the control of the bankrupt entity have disappeared, and if they have, the events leading to such disappearance by delegating such work to Deloitte Touche Tohmatsu LLC (and its affiliates) and ReEx Accounting Firm, with the assistance of Payward, the supporting company.

He also notes that on July 26, 2017, the U.S. Department of Justice announced that Alexander Vinnik, manager of a cryptocurrency exchange, was arrested and indicted for involvement in money laundering of more than $4 billion. The allegations in the indictment include the fact that he obtained funds by hacking MtGox. The trustee has contacted the U.S. Department of Justice through a U.S. law firm and have made a request for more information.

Any distribution still looms uncertain. According to the trustee, the detailed schedule of the distribution in the bankruptcy proceedings will inevitably be affected, among others, by the possibility of the commencement of civil rehabilitation proceeding and each creditor’s response to the acceptance or rejection of his or her claim. Therefore, at present, the matters such as the possibility of carrying out a distribution and the timing and method thereof have not yet been determined.

The trustee is still considering whether, in the case where a distribution is possible, a distribution should be made in BTC.

[Rosewater Foundation]

I will say that  you do not have to wait for any kind of leg anywhere before you start to implement any such semblance of a JJG strategy.

Well I can hardly start stacking sells at the bottom. Can I?

Bottom? We were at merely $5873 pert near exactly one month ago.

So really, that's that. We're heading back down. This is the general consensus.