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

[Last of the V8s]

Feels like lift off. Everybody hand me your merits. No time to explain...

[jojo69]

Why do you feel compelled to belabor this dark episode in our collective history?

[RayX12]

Good morning Bitcoinland.

Still going sideways... currently $9032USD/$11670CAD (Bitcoinaverage).

Yawn.

It's still too damn cold to use the pool.

At least there is no snow here.

So that's nice.

It snowed in Toronto last might. Looked like a Xmas card.

This time tomorrow I'll be back in Mexico. Hopefully there'll be no snow there.

Are you raiding the local ATM?

Jimbooooo to the rescue!  

[RayX12]

and... the HODLCAREFUL GANG!

CHOOO CHOO!

[d_eddie]

If you check the daily chart and switch on 200 ema/sma you'll see this is the spot bulls and bears are fighting hard for right now.
Very important level where we are located at the moment. Who ever wins this will decide where we are heading to the next couple of weeks.

Indeed the skirmish is turning into a long, soft battle fought on medium volume. The battleground hasn't moved at all, 9200-ish excluding 24h-48h fluctuations - that's "mammoths" in DETASO (d_eddie technical analysis, sort of).

[jojo69]

it's CRAEFULGANG

at least get it right

[Last of the V8s]

Longs are winning

[RayX12]

it's CRAEFULGANG

at least get it right

I prefer HODLCAREFUL..

[jojo69]

it's CRAEFULGANG

at least get it right

I prefer HODLCAREFUL..

then it would be HODLCRAEFUL

the misspelling was part of the pun   

[d_eddie]

The situation is liquid IMHO. I smell longer plays developing. I mean medium term, not "the future of bitcoin." At the moment, I feel I can expect to have no clue where the ball is until the end of March, with an important checkpoint tomorrow.

The best I can think now is HODL.

Second best, hedge with a safety net bet. Similar to a safety play in bridge, giving up some of the best case gains to achieve mitigation (or reversal!) of the worst case. It will be a loss, except if an unexpected black swan disaster comes around. Then it will be a big winning asset.

The bet would be a small but significant short position, with as high as possible an entry point. Looks like a contrarian move à la Tera-Beara, but actually if not done near the external stratosphere, in Carolina's orbit, it makes little sense (and possibly big damage). Hold the short to < 7k, maybe even 5.5k-6k. Don't close it too soon. If it turns into a losing nightmare, keep swallowing until it reaches a pre-set limit. Decide how much pain you're willing to swallow. Work out the limit now, before Carolina, unless you know you can keep a cool mind.

(I feel like mastereddie! Sorry for raving.)

EDIT -Some of you expert line-drawing types can suggest an appropriately high entry? 11.5k maybe?

[Last of the V8s]

The situation is liquid IMHO. I smell ...... Sorry for raving.)

Is everyone as drunk as me?

[d_eddie]

Is everyone as drunk as me?

Still sober. My brain is running wild though. I've got a serious bitcoin itch today.

[Biodom]

oy are things going to get ugly https://www.nature.com/articles/s41380-017-0001-5 A combined analysis of genetically correlated traits identifies 187 loci and a role for neurogenesis and myelination in intelligence

Why would they?
Interesting paper, though, thanks.
Incidentally, myelination was always going to be a factor since we know that in rare diseases where myelination is negatively affected (Tay-Sachs, Gaucher, Neimann-Pick) the result is always mental retardation.

[RayX12]

it's CRAEFULGANG

at least get it right

I prefer HODLCAREFUL..

then it would be HODLCRAEFUL

the misspelling was part of the pun   

Yes you win!

HODLCRAEFUL GANG!
HODLCRAEFUL GANG!

 

[infofront]

The situation is liquid IMHO. I smell ...... Sorry for raving.)

Is everyone as drunk as me?
https://i.imgur.com/2JwC4JK.jpg

Beer #5.

Retirement must be really rough.

[Last of the V8s]

oy are things going to get ugly https://www.nature.com/articles/s41380-017-0001-5 A combined analysis of genetically correlated traits identifies 187 loci and a role for neurogenesis and myelination in intelligence

Why would they?
Interesting paper, though, thanks.
Incidentally, myelination was always going to be a factor since we know that in rare diseases where myelination is negatively affected (Tay-Sachs, Gaucher, Neimann-Pick) the result is always mental retardation.

uh well a lot of it was news to me at least in such a big study, but iana psychiatric geneticist. thought it was more fuel for the bigots.

[HairyMaclairy]

Its published in “Molecular Psychiatry”.  The name of that publication gives you an indication of the editors’ inherent biases.  

I skimmed the paper. I am not a statistician but their methodology looks riddled with correlation errors.  Looks more like phrenology to me.

[Last of the V8s]

https://blogs.imf.org/2018/03/13/addressing-the-dark-side-of-the-crypto-world/

2018 is going to be another long slog with these lizards. The bloody G20 doesn't finish till December 1st.

[HairyMaclairy]

To be truly effective, all these efforts require close international cooperation. Since crypto-assets know no borders, the framework to regulate them must be global as well.

They are screwed.

[Anon136]

To be truly effective, all these efforts require close international cooperation. Since crypto-assets know no borders, the framework to regulate them must be global as well.

They are screwed.

The moment they finally get that nailed down Elon lands on mars and thumbs his nose at them.