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Question: How much of your corn do you plan on cashing out in the next massive bull run?
None - 22 (18.2%)
1-10% - 16 (13.2%)
11-20% - 15 (12.4%)
21-30% - 17 (14%)
31-40% - 6 (5%)
41-50% - 12 (9.9%)
51-60% - 9 (7.4%)
61-70% - 5 (4.1%)
71-80% - 4 (3.3%)
81-90% - 2 (1.7%)
91-99% - 3 (2.5%)
100% - 10 (8.3%)
Total Voters: 121

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21785924 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.)
cAPSLOCK
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April 07, 2018, 01:05:57 AM

Georgie is that you?


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Torque
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April 07, 2018, 01:06:09 AM

Pretty sure the reason why the price is crashing is due to people like this

https://www.reddit.com/r/Bitcoin/comments/8adxnh/need_a_serious_advice_should_i_take_out_a_private/

These type of threads come up on reddit quite a bit, and they are almost always complete bs. Just FUDsters making up crap.

And anyway, anyone who can afford a $300K mortgage can most certainly tighten up and save enough to pay of that $12K loan within a few years. Hell he could even roll it over into a 0% interest, 18-month same-as-cash credit card for that matter.
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April 07, 2018, 01:07:07 AM

I don't think I've seen BTC prices "flatline" within such a narrow range, for as many hours as it has, in quite a while.

Very very unnatural.
I closed my short for a reason, I don't make mistakes!
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April 07, 2018, 01:07:54 AM

A thing of beauty!
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April 07, 2018, 01:09:23 AM

President Trump has instructed the United States Trade Representative to consider $100 billion of additional tariffs on China.

I like this trading war between China and Uncle Sam, who got the bigger balls and who will bow in the end Smiley

Considering the enormous trade deficit the US has with China ($375 Billion), China has a lot more to lose from a trade war. But will they be able to surrender and still save face?

A lot of us US citizens are fed up with cheap and toxic slave-labor made Chinese "goods" with built-in obsolescence.

I'm HODLing either way.
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April 07, 2018, 01:13:35 AM

Ferox tenator - hodler
Is there further classification of hodlers into subspecies? Wink

eg:

Ferox Tenator Nervosa
Ferox Tenator Zennist
Ferox Tenator Testicular-Grande
Ferox Tenator Capitulatos
Ferox Tenator Nihilismos


?

Edit: I suck at this whole latin/taxonomy thing. You guys get the idea. Not deleting otherwise nonsense-post.

Good job!

In vino veritas
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April 07, 2018, 01:16:15 AM

Ferox tenator - hodler
Is there further classification of hodlers into subspecies? Wink

eg:

Ferox Tenator Nervosa
Ferox Tenator Zennist
Ferox Tenator Testicular-Grande
Ferox Tenator Capitulatos
Ferox Tenator Nihilismos


?

Edit: I suck at this whole latin/taxonomy thing. You guys get the idea. Not deleting otherwise nonsense-post.

Something like this Wink

Illegitimis non carborundum!

Don't let the Wall Street Bastards wear you down.
jojo69
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no FOMO


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April 07, 2018, 01:21:23 AM

A thing of beauty!

don't believe the hype
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April 07, 2018, 01:26:03 AM
Merited by jbreher (1)

A thing of beauty!

don't believe the hype

One of these days it'll be real. Could be this one but probably not this one. One of these days one of the ones that it probably isn't will be the one that it is.
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April 07, 2018, 01:32:18 AM

Someone has a ferocious appetite for bitcoin right now lol
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April 07, 2018, 01:41:09 AM

yonton
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April 07, 2018, 01:41:56 AM

This is a real one! Shorts are getting shitquidated
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April 07, 2018, 01:42:11 AM

I don't think I've seen BTC prices "flatline" within such a narrow range, for as many hours as it has, in quite a while.

Very very unnatural.

Here's where $308 million in BTC & sh!tcoin went:

https://bitzamp.com/indian-bitcoin-trader-arrested-defrauding-investors-308-mln-crypto-ponzi-scheme/
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April 07, 2018, 01:46:40 AM



yonton
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April 07, 2018, 01:49:28 AM




Shiieeeet, now I got time for dat!
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lose: unfind ... loose: untight


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April 07, 2018, 01:56:47 AM
Merited by xhomerx10 (1), jojo69 (1)

Loans to buy crypto should be illegal.

Right. Let's insert the cold, hard, capricious apparatus of the state into what could otherwise be consensual behavior. /s

Some people never get it.
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April 07, 2018, 02:39:06 AM
Last edit: April 07, 2018, 03:00:52 AM by pacman7331

Just another pump and dump. Mirror image of previous days.

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April 07, 2018, 02:43:53 AM

Quote
Troubling news from the Bay Area. Kids there have evidently discovered that, if they combine themselves and hide in a trench coat, they can attempt to buy beer. Thankfully, a vigilant user of the hyperlocal social network platform Nextdoor was able warn us of the cunning ruse.

“Two kids on each others shoulder wearing a raincoat trying to buy beer,” began the post by user Marcus Ronaldi. Ronaldi explained that the kid-plus-kid combo tried to get him to buy beer for them at a Daly City gas station, with the suspicious figure claiming he’d left his ID at the “detective agency.”

“He told me that he was investigating people claiming to be with the Illuminati,” Ronaldi wrote.

https://gizmodo.com/nextdoor-user-warns-of-beer-seeking-detective-thats-jus-1825027773
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How much alt coin diversification is needed? 0%?


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April 07, 2018, 02:47:47 AM

O.k. sure.  None of us really know what is going to go on exactly; however, I consider myself similar to you in having had formed a tentative framework for what I believe is going to happen in terms of short term or long term, and surely I have difficulties attempting to predict on any kind of meaningful basis except having decent considerations that bitcoin is a good long term investment and it is good to accumulate bitcoin, and even if there is short term noise, the fundamentals of bitcoin continue to get stronger and stronger.

Speaking about accumulation - I would certainly like to acquire more coins, but I am reluctant to buy now, when the market is almost uninterruptedly falling. At the same time, shorting bitcoin seems to be a dangerous pursuit. I am not a trader, although I played with some very small amounts about a year ago, before realizing that simply buying and holding can give better results. But at present I am thinking about hedging in the following way: buy bitcoin and simultaneously open a short position for the same amount (probably with 1:1 leverage). If the bear market continues, I would be able to increase both amounts, BTC and fiat. If the trend changes immediately, I would close the shorts. Of course, there is a possibility of another bull trap...

Seems dangerous to play around with margin... and there are a lot of ways that you could get locked out.. especially when bitcoin can be very unforgiving to shorters.

I personally think that the best way to attempt to accumulate more bitcoins when the price is going down is to sell small amounts of BTC as the price goes up and to used that generated money to buy back as the price goes down.  If you did not already sell some bitcoin when the price was higher a while back then it seems too late to sell at this point.  Therefore, your decision at this point would be to buy more bitcoin at various points on the way down, and then be prepared to sell small amounts at various points the next time the BTC price goes up (presuming that the price is going to go up sooner or later).  

Accordingly, it is o.k. to over-leverage a little bit on the buying of bitcoin on the way down in order that you will not feel so bad to sell some of that accumulated amounts off on the way up.  The tricky question is that the price points and the amounts for buying on the way down and selling on the way up are going to be different for each person and takes some practice to find comfortable price points and amounts that are customized to your own situation (your view points, risk tolerance, financial situation and timeline).


Yes, you seem to have been through quite a few volatile periods, and you seem more pessimistic than me about long term bitcoin fundamentals - even though you seem to have a decently long term following the space.  I gave you a merit for your explanation anyhow, in spite of your "lackings."... hahahahaha

Thanks! I am not pessimistic about fundamentals, I am pessimistic about the economic system in general. The financial capital survived a lot of transitions, from telegraph and telephones to computers and Internet, from precious metals to fiat. It will embrace bitcoin and blockchain if it is profitable, but it will not change the system.

It is very likely that bitcoin is a paradigm changer, so it is not easy for us to envision the extent to which system are going to be changed by it or not.. .... so even though we might say that it is kind of like one thing or another - the telephone, internet.. blah blah blah.. there could also be a war over this bitcoin changing kind of influence, and I don't know how any of us could reasonably assert that a war is not changing any current systems that we have in place... so perhaps our views of the fundamental possibilities of bitcoin are quite different, and I don't claim to know exactly where bitcoin is going to take banking and government... and perhaps it will be a BIG NOTHING, as you seem to imply.



Of course, this concept is fundamental to any volatile investment, but people still use it in differing ways.  I use it to consider that I am not leveraging or betting and that I have my living expenses covered for 6 months into the future with my cash flow, then any extra I can invest into bitcoin.  Over time, that can add up to a lot of money, especially once the bitcoin ends up appreciating 30x... So maybe starting off with a modest $10k ends up in the $300k territory... so motivations can change, even though the initial $10k did not seem to be very much the $300k gets into Lambo territory.. and some folks start to think,.... " I could have had a lambo for $10k?" when the price starts to go down, we can see where there can be emotions... and how much was initially invested can get lost in the shuffle.

At present I have a job that pays well (by local standards) and I am completely independent of any bitcoin fluctuations. It is a stockpile for the future. But cautious investing of my spare money looks appealing now, as it was in the summer of 2017. I am a man of simple tastes, I do not need a Lambo Wink Even 10x from the current level (or 3x from the ATH) would make me quite happy. Of course, 30x is better.

Well, maybe a lot of us have become spoiled from the returns of crypto, but I still think that if you are getting, on average, more than 6% per year appreciation on a long term investment, you are doing good... in that regard, bitcoin has been performing way beyond normal average investments.. and seems likely to continue to perform quite well, on average, if you have a 5-10 years timeline.
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April 07, 2018, 02:52:34 AM

Jeeeezus....are you tryin to take over Wordyman’s job or somethin? ....

Wat?

Jeeeezus....are you tryin to take over Wordyman’s job or somethin? ....

I don't think so. He'd need to pick fights with people and write circular, condescending replies with no substance.  Wink

Instead, listen to this seemingly emotional and unable to control resentfulness twat, aka Torque, right?
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