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Question: How much of your corn do you plan on cashing out in the next massive bull run?
None - 22 (18.8%)
1-10% - 15 (12.8%)
11-20% - 14 (12%)
21-30% - 16 (13.7%)
31-40% - 5 (4.3%)
41-50% - 12 (10.3%)
51-60% - 9 (7.7%)
61-70% - 5 (4.3%)
71-80% - 4 (3.4%)
81-90% - 2 (1.7%)
91-99% - 3 (2.6%)
100% - 10 (8.5%)
Total Voters: 117

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21784590 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. (148 posts by 37 users deleted.)
d_eddie
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March 17, 2018, 03:23:50 PM
Merited by JayJuanGee (1)

I used the last dip to lighten my safety short and profit a bit. The dip was welcome, because my short entry point was drifting towards unprofitability as the price raised.

Now I'm waiting to rebuild the missing part a bit at a time, scalping the small waves as we get back to where we were, around 8.5-8.6k. When will it be? I don't know, of course. That's the unnerving nursing/babysitting part.

My ultimate goal is having a short that tracks the current price, ideally an inch higher up from it (wishful thinking, and impossible on maxima. I know).

When I'm set or near-set, let them moon it - I'll drop it when the pain exceeds my threshold. Let them swamp it - I'll get richer than I were without my safety short.

Certainly, one thing that you are attempting that is quite different from me (and jbreher I believe - and quite a few quys and perhaps gal are leery of such) is that you are incorporating margin dynamics into your plays that make them more complicated.  Therefore, if you are able to describe systematic ways to employ margin, then you will be able to contribute to the space in your own unique ways.  

By the way, I have concluded that in bitcoin it can be very very very profitable merely playing with strategies that involve straight trading and no margins, so therefore margin trading is not necessary in order to get very rich from bitcoin.  It would take quite a bit to convince me to employ margin trading or that I would acknowledge that such is necessary - however, if you are able to present clear and simple techniques that are easily understandable, then I for one might be willing to attempt your strategy, if it makes sense to me and seems that there is a way that I can use it to make myself feel more comfortable (rather than less comfortable because of such employment of it).
Margin trading and derivatives are double-edged swords. They can be used to get rekt, much too easily.

However, the original function of futures was that of guaranteeing certainty of price to sellers or buyers of the underlying commodity (e.g., wheat).

When used in moderation, with ample safety bands on either side, these instruments can be useful to hedge against unfavorable conditions - that's what I'm trying to do here. Nothing new under the sun, I guess.

By having my safety short on leveraged margin, I am risking just a small fraction of my stash (that is, part of my play money) to get insurance against a price drop. E.g., to short 1 btc, you can spend as little as 0.1 btc (on 10x leverage). Of course, any price movement gets amplified 10x, so careful! Safety bands around your position!

Now the technical question is: how do I decide where, how much to short? The answer comes in the form of a working method: use the 2J-ladder to build the position starting small, small, small, and try to bring it higher and smaller.

Well, smaller - within reason. If the position (and the underlying "wheat", which is actually corn in our case) goes UP, it can and should grow little by little, as long as it doesn't get so large that a sudden move UP blows you off or becomes too much of a weight on your "insurance costs".
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lingwistiko
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March 17, 2018, 03:49:17 PM

I really feel so pathetic when bitcoin's price go down but i don't have money left to buy some. I am just hodling my bitcoin which i bought at 12,000$ last year and really wanted to add more.
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March 17, 2018, 03:54:46 PM

Am I alone in thinking that this is the true beginning of the demise of bitcoin?
 Undecided
bitcoinPsycho
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March 17, 2018, 04:07:19 PM

Am I alone in thinking that this is the true beginning of the demise of bitcoin?
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it's just you and roach
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March 17, 2018, 04:07:33 PM

Am I alone in thinking that this is the true beginning of the demise of bitcoin?
 Undecided

Sorry mate, but you don't deserve to be legendary here. You speak like Junior or so.
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no FOMO


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March 17, 2018, 04:07:40 PM
Merited by jbreher (1)

Sorry to vent about it here, but yet another example of deficient copy editing in the crypto press surfaced this morning.

This shit drives me nuts.

https://www.coindesk.com/new-ways-save-crypto-post-quantum-world/

Quote
Not only this, but a "huge number" of alternative quantum-resistant signature schemes to a major cryptographic conference last November, according to Zamyatin.

This was presented as a paragraph, it is not even a sentence.

Where do they find these people?
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March 17, 2018, 04:08:00 PM


Wallstreet playing with us boys!  I was warned that this would happen when the big fucking guns assault BTC!



GO BITCOIN GO



HODLCRAEFULLY!!!!!    Cheesy Cheesy Cheesy

I agree with wall street stuff 100%, people who can pump and dumb huge stocks can play a lot easily with bitcoin.
I guess there is no to big secret about AI for stock trading, its probably a lot more sophisticated then bots that some people have for crypto.

gentlemand
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March 17, 2018, 04:12:24 PM

Am I alone in thinking that this is the true beginning of the demise of bitcoin?
 Undecided

Have you just bought this account?

Someone of your vintage should be exactly like this right now -

FractalUniverse
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March 17, 2018, 04:12:42 PM

Am I alone in thinking that this is the true beginning of the demise of bitcoin?
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Wekkel
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yes


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March 17, 2018, 04:22:04 PM

Where did everyone go?

Just HODLing, nice and easy.
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March 17, 2018, 04:26:52 PM
Merited by jbreher (1)

Am I alone in thinking that this is the true beginning of the demise of bitcoin?
 Undecided

Have you just bought this account?

Someone of your vintage should be exactly like this right now -



 Exactly!! By now, you should be the Prime Minister of the Government of a federated.... wait, what?!  ...oh I get it Wink  Shirtless right?

tonyq
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March 17, 2018, 04:28:21 PM

Am I alone in thinking that this is the true beginning of the demise of bitcoin?
 Undecided

Have you just bought this account?

Someone of your vintage should be exactly like this right now -



Can you sell accounts then?
Anyone want to buy mine?
 Grin
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March 17, 2018, 04:29:17 PM

Am I alone in thinking that this is the true beginning of the demise of bitcoin?
 Undecided

Have you just bought this account?

Someone of your vintage should be exactly like this right now -



Can you sell accounts then?
Anyone want to buy mine?
 Grin


ya i will pay you with merits Wink ha
Lopumbo
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March 17, 2018, 04:34:07 PM

I really feel so pathetic when bitcoin's price go down but i don't have money left to buy some. I am just hodling my bitcoin which i bought at 12,000$ last year and really wanted to add more.

That will be a loooooong HODL   Cheesy
mike4001
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March 17, 2018, 04:44:23 PM

Am I alone in thinking that this is the true beginning of the demise of bitcoin?
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Nope, we will probably find a bottom somewhere but I don't know how low it will go.

The problem is that we are slowly going down for weeks now.

This is no flash-crash with a correction a few days after as usual, its a continous down-trend.
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March 17, 2018, 04:49:07 PM
Merited by tonyq (10)

Am I alone in thinking that this is the true beginning of the demise of bitcoin?
 Undecided

Have you just bought this account?

Someone of your vintage should be exactly like this right now -



 Exactly!! By now, you should be the Prime Minister of the Government of a federated.... wait, what?!  ...oh I get it Wink  Shirtless right?



Should allow to take Merits away for such ... insult?
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March 17, 2018, 04:52:32 PM

Am I alone in thinking that this is the true beginning of the demise of bitcoin?
 Undecided

Nope, we will probably find a bottom somewhere but I don't know how low it will go.

The problem is that we are slowly going down for weeks now.

This is no flash-crash with a correction a few days after as usual, its a continous down-trend.

Hence my question....thanks for the sensible reply.
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March 17, 2018, 05:19:05 PM
Merited by bitebits (1)

I hate to say it but this looks like another long term downtrend like we get after all of the huge spikes in price.

It might end up that we have to wait until late 2019 for a reversal as we start to near the next halving.

Either way I will hodl because trying to time the market and play like a trader has never done well for me. It's always been best to just buy and hodl.

We will shoot up past $19k probably in 2020 but until then, get ready for the long winter.
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March 17, 2018, 05:31:28 PM

Just giving a 2x leverage short a try. We should be getting big green dildos, shortly. Grin
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March 17, 2018, 05:32:26 PM

Where did everyone go?

Just HODLing, nice and easy.

 I'm still around too; just off messing around with Haiku.


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