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

[bones261]

I can see 8000 where I will purchase another $100k Of BTC. What is your plans?

On top of buying drinks for the entire thread, I'll suck your dick if we see $8,000 USD/BTC this year.

You can quote me on that.

Saw this joke some time ago....Interesting - do you answer in your own words .. looks like bears are not so optimistic (March 15, 1btc / $ 7665.1 on bitfinex)

Hope none of those bears shorted that bottom. The rise back up to $8600 could have been a real ball buster for a bear. 10X margin or above would have been liquidated if they decided to try and ride it out.

[Lopumbo]

thats the spirit

market declines - go short - bitfinex pumps - get rekt
market increases  - go long - bitfinex dumps - get rekt

[bones261]

thats the spirit

market declines - go short - bitfinex pumps - get rekt
market increases  - go long - bitfinex dumps - get rekt

Unfortunately, most of us are just the sardines. 

https://www.youtube.com/watch?v=6zOarcL1BSc

[nanobtc]

Already making more promises? But this one's for really reals right?

<snip>
I would need to be "on guard" all evening. We'd need massive security measures to seriously contemplate a party like that.

I agree with the idea of needing to sign a message from a pre-established address, with an arbitrary phrase given at the door, to gain entrance.

But yet? The best 'snatch and abduct' events may occur before the door. In the parking lot. Or a block away. Or at the airport.

[pacman7331]

I was going to HODL but when I saw this DEATH CROSS

https://www.youtube.com/watch?v=qQARQRW1824&t=317s

And the bear market that comes after... I figure I should go short full leverage.

Anyone else planning to make a move based on this 50MA crossing below the 200MA?

Did you actually watch the whole video?  The other indicators indicate a good chance of a small rise in the near term according to this guy. Perhaps you should zoom out and wait until the death cross actually happens on the 1D rather than the 15 minute.

I know it's not happening yet, but I'm just saying IF it happens. Maybe it's a good time to just short? I'd rather not of course.

[pacman7331]

the price is a shitshow of manipulation

trade flat - pump it 500$ - trade flat - dump it again

Yea lol that whale. It's a rough game being plankton. 

[bones261]

I was going to HODL but when I saw this DEATH CROSS

https://www.youtube.com/watch?v=qQARQRW1824&t=317s

And the bear market that comes after... I figure I should go short full leverage.

Anyone else planning to make a move based on this 50MA crossing below the 200MA?

Did you actually watch the whole video?  The other indicators indicate a good chance of a small rise in the near term according to this guy. Perhaps you should zoom out and wait until the death cross actually happens on the 1D rather than the 15 minute.

I know it's not happening yet, but I'm just saying IF it happens. Maybe it's a good time to just short? I'd rather not of course.

Just do it on lower leverage, if you must. The BTC market is so volatile that bears get REKT, even in a downtrend. Kraken lets you set the leverage as low as 2x.

[jbreher]

Doesn't legendary mean anything? You understand that transactions are made of data right? Processing more of them requires more bandwidth than processing less of them, right? Why am I having this ridiculous conversation? Are you high?

The amount of bandwidth consumed by industrial mining is negligible.

Do try to keep up.

[HairyMaclairy]

[jbreher]

bitcoin is in rekt!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
and take health coin with self.. dumb believe idiots are here!!!!!!!!!!!!!!!

Delete awful troll post, or leave it up for entertainment value? That is a dilemma we regularly face here.

We're big boyz here. No need to protect our minds from seeing the stoopid.

Thanks, BTW, for restraint. More valuable than scything.

[jbreher]

This sounds lovely but I am deeply suspicious. 

https://blog.genesis.vision/genesis-markets-announcement-f520ea832168

Good. From a scan, it sounds possibly a long con. And Genesis? Any relation the the Wilnkevii's operation? No? Hmm.

[HairyMaclairy]

Doesn't legendary mean anything? You understand that transactions are made of data right? Processing more of them requires more bandwidth than processing less of them, right? Why am I having this ridiculous conversation? Are you high?

The amount of bandwidth consumed by industrial mining is negligible.

Do try to keep up.

It’s called a block limit.

[pacman7331]

I will say i'm happy to return to my Bitfinex account after 2 years having left like .81 cents of BTC bits in the wallet and finding over 25$

My HODL paid off 

[jojo69]

you guys are on fire tonight

most entertaining

[jojo69]

Here is one time that I will concede (it does not happen very often) that the wordiness of my response may have caused a loss of the thrust of what I was attempting to say.

my god

it's full of stars

[jojo69]

Google translate is not your friend. 

Google is a great program, which shows small skills in this area in their language and affects overall. If you disagree with having a penis

out of merits

[mike4001]

the price is a shitshow of manipulation

trade flat - pump it 500$ - trade flat - dump it again

If this is not manipulation I don't know what is ...

[El duderino_]

That's where an exotic wife comes very handy.

I once went to Antwerp for the weekend and returned two and a half years later. I'm content to live in tents and caves, most of my clothing is older than many of the people on this forum and no one may hear from me for months on end.

What time were you in Antwerp?

like now

[Vlada69]

Where did everyone go? Guess to busy setting longs to the trade

[JayJuanGee]

@birr... The first part of your discussion of dollar cost averaging lends some insight to the practice because you are indicating that there is something wrong with employing an opposite strategy... however, then your suggestion largely devolves into a kind of recommendation of a reverse dollar cost average strategy.

NO matter if you are in a BTC accumulation stage, or a maintenance stage or a liquidation stage, your strategy should be to attempt to sell BTC on the way up and to buy BTC on the way down.  Of course the more you are on one spectrum or another remains a personal choice but it also effects how you may employ the strategy.  So for example, if you are in a BTC accumulation stage you might buy more on dips and perhaps sell less on rises because your goal is accumulation, but that should not cause you to sell on the way down or buy on the way up.

Usually, if some one who is employing a sell on the way up and buy on the way down is panicking because they screwed up and did not sell enough, so the strategy probably would be to attempt to make up for the screw up by selling a decent sized chunk and then returning to the strategy of buying if the price goes down with the proceeds that were generated from the sale.

Continuing to sell on the way down or creating a plan that continues to sell on the way down is not a good strategy nor is it equally good as buying on the way down... and perhaps making and emergency sell because of a screw up and then maybe even going back to HODL, if not feeling comfortable enough to buying on the way down.

What's wrong with my post?  I am merely describing a practice, and my disagreement that a kind of incremental selling on the way down that has been described as dollar cost averaging is a good plan.. In essence, I think that largely it is stupid because it seems ill thought out because it contradicts the more important strategy, which should be buying on the way down (not selling on the way down).