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

[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).

[1627831209]

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[1627831209]

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[1627831209]

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[JayJuanGee]

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)

We usually use bitstamp for these kinds of price measures but good find.

Seems like most guys, and perhaps girl, are not asking about getting their dicks suck.  I think that each of us are afraid of having Bob suck our dicks (in the event that we have one), but getting a drink might not be a bad idea.   

[HairyMaclairy]

Good to see bcash lol slowly starting to pump, it’s nicely on schedule.  A little early even. Here’s hoping for a great show so Roger Ver can act all surprised at the price increase.

[HairyMaclairy]

The Ariane 5 explosion and why 64 doesn’t go into 16:

https://around.com/ariane.html

[JayJuanGee]

YaiYuanZhe tends then spek beyond nis experience, even thanhuh not lauds hes seets that arrive from heath moters bassement.

Waitress! I'll have what he's drinking.

Speak for yourself ... fuck tits.   

[JayJuanGee]

I was listening to the Adam Meister show today on the World Crypto network, and he referred back to his show from one year ago, on March 17, 2017, in  which Vinny Lingham came onto his show, unannounced and predicted that bitcoin was going to then hardfork and go down to below $500 or some other such nonsense.  I think that Vinny lost quite a bit of credibility from the strength of his conviction on that date, but the strength of his conviction did cause several bitcoin HODLers to sell and to fail to buy more bitcoin during what ended up being the 2017 low price of bitcoin at about $890-ish.

2 hour YouTube presentation of Adam Meister show from March 17, 2017 - with surprise guest Vinny Lingham who predicted BTC prices were going to crash to below $500 after hardfork

Even though it is a 2 hour video, it has a certain importance in bitcoin history, and shows that credible folks can make strong predictions and stir up disagreement that end up being wrong.

[HairyMaclairy]

Was Vinny Lingham credible at some point?  Cause he sure as shit isn’t now. 

[TERA2]

I raise.

[HairyMaclairy]

I raise.

What are you raising?  A barn?

Unrelated edit:   bahahahhahahaha Bitmain.  Good one.  



For those not paying attention to Monero, it is forking which will brick all of Bitmain’s cryptonight ASICS.  

[Vlada69]

I raise.

What are you raising?  A barn?

Unrelated edit:   bahahahhahahaha Bitmain.  Good one.  



For those not paying attention to Monero, it is forking which will brick all of Bitmain’s ASICS. 

They quickly replaced batch1 11999$ and batch2 7599$ with b3 3000$ and b4 1900$.

[HairyMaclairy]

They will be bricks worth $0. And I’m sure they are all burned in.

[d_eddie]

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

Edit: For anyone who wasn't following the live feed: someone bought ~4K BTC at market price and then left a 3.7k bid wall at 130. Then a minute later someone just swallowed that wall in one take

Ban? (Copy pasted post from 2013)

M4v3R
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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
April 20, 2013, 09:57:21 PM
   
#646
Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

Edit: For anyone who wasn't following the live feed: someone bought ~4K BTC at market price and then left a 3.7k bid wall at 130. Then a minute later someone just swallowed that wall in one take.

STUPID me. I thought I was meriting a newbie for diligent wall observing. The numbers didn't add up, and I thought 130 was actually 8130 (which would have been spot on). I'm embarrassed. I can't demerit the newbie, but I can merit the patrol.

[Last of the V8s]

I raise.

[Globb0]

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

Edit: For anyone who wasn't following the live feed: someone bought ~4K BTC at market price and then left a 3.7k bid wall at 130. Then a minute later someone just swallowed that wall in one take

Ban? (Copy pasted post from 2013)

M4v3R
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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
April 20, 2013, 09:57:21 PM
   
#646
Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

Edit: For anyone who wasn't following the live feed: someone bought ~4K BTC at market price and then left a 3.7k bid wall at 130. Then a minute later someone just swallowed that wall in one take.

STUPID me. I thought I was meriting a newbie for diligent wall observing. The numbers didn't add up, and I thought 130 was actually 8130 (which would have been spot on). I'm embarrassed. I can't demerit the newbie, but I can merit the patrol.

These robots only slip up when they copy an old number or memorable comment.

I wonder how much more of that crap is passing by unnoticed.

[bitserve]

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

Edit: For anyone who wasn't following the live feed: someone bought ~4K BTC at market price and then left a 3.7k bid wall at 130. Then a minute later someone just swallowed that wall in one take

Ban? (Copy pasted post from 2013)

M4v3R
Hero Member
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Activity: 607
Merit: 500



View Profile
   
   
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
April 20, 2013, 09:57:21 PM
   
#646
Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

Edit: For anyone who wasn't following the live feed: someone bought ~4K BTC at market price and then left a 3.7k bid wall at 130. Then a minute later someone just swallowed that wall in one take.

STUPID me. I thought I was meriting a newbie for diligent wall observing. The numbers didn't add up, and I thought 130 was actually 8130 (which would have been spot on). I'm embarrassed. I can't demerit the newbie, but I can merit the patrol.

Hey don't be that hard on yourself. I was also thinking about meriting the "observant newbie" but then I couldn't find what exchange he was referring to (stole me some precious seconds trying to figure out) realized the discrepancy and looked up the original post. Man, was I upset for the time stolen due to this blatant shitposter.

+2 Merits for you to recover the loss caused by the shitposter

[bitserve]

Ouch!

I am getting tired of this. I want my fucking wealth back. And I want it now. I am serious.

[pacman7331]

thats the spirit

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

so just do the opposite of what you normally think 

[pacman7331]

Ouch!

I am getting tired of this. I want my fucking wealth back. And I want it now. I am serious.

apparently HODLers can't be beggars or choosers... only TRADLers can 

fuck money... I believe in God

[Cassius]

thats the spirit

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

so just do the opposite of what you normally think 

That is almost by definition how to succeed. I can't remember who said it, but the market's job is to make fools of as many people as possible. Going against the herd is pretty smart.

[Raja_MBZ]

Ouch!

I am getting tired of this. I want my fucking wealth back. And I want it now. I am serious.

I'm guessing you must be in pretty much in alts too? Bitcoin isn't that much of pain right now which alts are... This is how stupid alts (aka shitcoins) have changed my plans:



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