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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 21784475 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.)
Biodom
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August 06, 2018, 09:29:06 PM

For certain purposes it's necessary to determine the logical cross-bearings of the concepts which we take for granted. But honestly, is there a single not obvious thing in here. You really thought I needed a reintroduction to basic financial literacy by way of cringe-y homespun wisdoms?

Now I'm even more morose!

Aww, don't go down that road. It's closed anyway.



9.5?
Nice
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B1tUnl0ck3r
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August 06, 2018, 09:30:52 PM

For certain purposes it's necessary to determine the logical cross-bearings of the concepts which we take for granted. But honestly, is there a single not obvious thing in here. You really thought I needed a reintroduction to basic financial literacy by way of cringe-y homespun wisdoms?

Now I'm even more morose!

Aww, don't go down that road. It's closed anyway.



9.5?
Nice

it's a kidnapping for little st james island?
El duderino_
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August 06, 2018, 09:48:47 PM

When there is that party Somewhere @ 2022-ish @ a TOP-secret (only for coiners/WO members) location i would absolutly BE in to Co-organize the first multi trilion dollar entity party
Some small point like
-only 3* chefs
- luxury island
-private pick up
....... finest booze with No end etc.....
HairyMaclairy
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August 06, 2018, 09:48:53 PM

ot:
Quote
Climate change denial – involves denial, dismissal, unwarranted doubt or contrarian views which depart from the scientific consensus on climate change, including the extent to which it is caused by humans,
https://en.m.wikipedia.org/wiki/List_of_topics_characterized_as_pseudoscience
lots of these are obvious wierd, but wtf is that^ authoritarian socialist claptrap

on topic: also includes this lol
Quote
Technical analysis ... The efficacy of both technical and fundamental analysis is disputed by the efficient-market hypothesis which states that stock market prices are essentially unpredictable.[13] It is still considered by many academics to be pseudoscience.[14]

TA is probably the only pseudoscience where if enough people believe in it, then it becomes true. TA is effective as a form of collective delusion, and that is enough.

But everyone's is different. Whose chart becomes true?
Anyway btc died again.

That is the reason why you should only ever use the most trivial and childlike TA (such as lines on charts and Fib ratios).  Anything more complex cannot work because it will be different, or if it works is just a fluke.
HairyMaclairy
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August 06, 2018, 09:49:52 PM

For certain purposes it's necessary to determine the logical cross-bearings of the concepts which we take for granted. But honestly, is there a single not obvious thing in here. You really thought I needed a reintroduction to basic financial literacy by way of cringe-y homespun wisdoms?

Now I'm even more morose!

Aww, don't go down that road. It's closed anyway.



9.5?
Nice

That’s an awfully big latte.  If she drinks that whole thing she will likely jump off the pier.
gentlemand
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August 06, 2018, 09:51:04 PM
Merited by BobLawblaw (1)

That’s an awfully big latte.  If she drinks that whole thing she will likely jump off the pier.

Judging by what coffee does to my guts, after quaffing it she'll pinch a loaf longer and thicker than the pier and be able to charge admission.
JayJuanGee
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August 06, 2018, 09:53:40 PM

Just like your guess on the list for highest price This year ..... around 7.5K or something
 Roll Eyes  Roll Eyes

LOL
yer sorry, i got that one wrong.  but still made decent profit 20k peak.

You are hardly convincing.

How could you be in a position to be making "decent profits" at any point in time if you are continuously  spewing bear scenarios?

If you attempt to live anywhere near your prophecies, then you are not going to have very much of your possible investment capital in bitcoin.  Therefore you are quite likely to be way under invested into bitcoin during times in which the exponential price increases take place.

As the old saying goes, "you gotta be in it to win it" and bitcoin has a relatively low number of real bull days during any particular calendar year.. even during bull years... so if you are nearly always preaching the bear scenario, then you are likely going to largely miss out on those bull days, when they do occur.

It was meant to say "decent profit since 20k peak".

There is an element of truth to what you say.  I didn't hold any bitcoin from after i got wiped out to now, just alts (traded some btc from late 2017).  made about 2000% by this time last year.  sold all my alts well before the peak.   if i'd held bicoin and sold at the exact peak that would be about 1500% profit.   made almost 400% trading since Dec 2017.  So since, i guess approx mid 2014 (i can't remember the date), thats about 8000% in 4 years.  That's a conserative estimate.

But i did't have much to start with, so still very small fry, but im happy and very greatful.

I suppose that it takes all types, and even those betting against bitcoin can make profits, even though it would be a lot more difficult to do so, especially when the price had gone up nearly 80x between late 2015 and late 2017...

But, yeah there were a lot of bear periods in there too... and like you mentioned additional bear periods in 2014.

i wasn't really betting against bitcoin, just had nothing left, so had to take bigger risks with relitivly unknown alts.  It could have gone the other way, but the crypto gods were favorable.   I have only shorted bitcoin a handful of times, and even then low amounts.

Well, yes... could be a matter of luck to get out of bitcoin at the right time and/or into various alts at the right time that end up outperforming bitcoin.

When people try to make various assertions that these bouts of luck in dabbling in alts  are repeatable, they are largely spewing nonsense, because it takes a certain kind of timing, luck and insider information to be able to get some of those right (and especially on a consistent and repeatable basis.  There were certain periods that you could have thrown a dart at the board and still done well (even better than bitcoin) on some of the alts.


I have nothing against bitcoin, my only problem is bitcoin evangelists, that only see bitcoin is going in one direction, and try to make out your point is not even worth contesting.  

Well, one thing if you are in a bitcoin thread, such as WO, talking about the downfall of bitcoin and pumping various other coins, then you are either partly off topic or you don't recognize the value of bitcoin.  Yes, there are a lot of bitcoin naysayers, trolls and shills who are spouting similar negative bitcoin ideas, so perhaps easy to get lumped in with those folks.

I also doubt that there is as much bitcoin evangelism going on in the WO thread as you make out to be.  Of course, there should be some pro bitcoin nature to the whole matter because it is a bitcoin thread and bitcoin is a bullish and world-changing technology.  At the same time, we have to expect the market to move in all directions, even while it is largely going up.


I would reconmend anyone to buy bitcoin, but proceed with caution and buy at the right time.  Now could be the right time, or it could be later.  

Yes.  There are variations in this, too.  Some people engage in dollar cost averaging and they never sell, and that is not a bad strategy too. 

You can also attempt to buy on dips, and if you believe in a technology, then you should be attempting to accumulate and not get tricked out of your coins that you have accumulated.  Of course, if you accumulated the coins at a much lower price, then you are not in such a bad position to sell some of them, even if you are selling at the wrong time.


But as for "continuously spewing bear scenarios?" , I haven't, there are a few short term bullish posts too.  

O.k..  I might be exaggerating this assertion a bit, but you do tend to have an ongoing prevalence of non-justified and out of context bearishness in your posts.

But if you want to challange that fine, just bear in mind as per my post on 20th Jan 2018, I sold my trade at 12800, and it never got close to that price again.   So until the price is above that, i was right to be mainly bearish for that time.

We are not in a contest.  I don't recommend that people sell on the way down, but I understand if people over invested then sometimes they have to sell some on the way down.. which was the case on January 20th-ish.

So, who gives a shit, if you made a lot of money or not.  If you get aggravated at supposed bitcoin evangelists (which I do not), I get aggravated at people who are bragging about how smart they are in terms of their trading.. especially if they sold on the way down...

Now, I do understand that there are more reasonable ways to come to such conclusions to sell on the way down, especially if you can acknowledge that you fucked up and you did not sell as much as you should have on the way up, the first time. 

So certainly, each of us has ways of phrasing the situation that we believe is more acceptable in terms of considering overall strategies and overall mentalities in respect to an investment like bitcoin.

By the way, I do understand and accept that there are a lot of folks in this thread and in the real world that cannot get gambling ideas out of their head, so I understand that they frequently are engaging a form of gambling (and too much gambling from my own perspective), so I will push back on some of these kinds of gambling framings, even though I understand that a lot of people do it, including a lot of people that I know and respect (both in real life and on this forum).

Im short term bullish atm, which may become long term or may not.

Does that mean I should sell?   hahahahahaha...

Surely, bullishness is going to have some difficult times breaking above $8k, $8,500 and $10k..  So I understand bullish reservations, that is for sure.

You already probably recall my approach which is not really to attempt to make any kind of short term predictions - or at least, I don't really change my buy /sell strategies based on short term price expectations.  I will only tweak a little bit here and there, and I don't really make BIG moves.  Accordingly, sometimes I am pushing back on folks who make BIGGER moves, but I understand that if you are feeling a bit heavy in fiat, then you might want to put a bit back in at these price points... but even that is not uncertain, and for that reason, I largely continue to practice and recommend incrementalism and smaller moves in order to always be prepared for both (UP and DOWN) price directions.
Last of the V8s
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August 06, 2018, 09:56:36 PM

That’s an awfully big latte.  If she drinks that whole thing she will likely jump off the pier.
Nah these young girls nowadays can really handle their long milky drinks.
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August 06, 2018, 10:20:29 PM

I really wish Bitcorn would perk up.

I'm starting to feel a bit morose myself  Sad

Seeing it drop below $6,900 fills me with dread and despair.

* BobLawblaw holds onto The Mayor for comfort and support - a look of horror begins to form

Try not giving a fuck.

LFC_Bitcoin
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August 06, 2018, 10:33:21 PM

RIP Bitcorn

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August 06, 2018, 10:38:47 PM

RIP Bitcorn



Maybe we're due a double bottom with a good hard pump straight afterwards.
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August 06, 2018, 10:40:15 PM

RIP Bitcorn



Maybe we're due a double bottom with a good hard pump straight afterwards.

Dunno. This is frustrating though, feels like 2014 again.
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August 06, 2018, 10:49:33 PM
Merited by LFC_Bitcoin (1)

RIP Bitcorn



Maybe we're due a double bottom with a good hard pump straight afterwards.

Dunno. This is frustrating though, feels like 2014 again.

In 2014 we had a double top at $600+ in August and everyone was optimistic. The recent $8500 top has no matching April/May top, and everyone's pessimistic. That sounds bullish to me. Bitcoin usually does the opposite to the prevailing sentiment.

Or maybe I'm wrong and we can play bagholder bingo instead.

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How much alt coin diversification is needed? 0%?


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August 06, 2018, 10:54:15 PM

A high entrance fee like that will keep the riff-raff out. I'll be the banker.

Naw dude, just sign the invitation from a funded-enough address, to have the address/location/country/planet/galaxy revealed.

No need for bankers or people to HODL admission funds :-)

We have the technology.

just don't bring a phone with funds to this future meetup, witness recent SIM-jacking of crypto conferences attendees (lost $5 mil).

Do you have a link?

yeah
https://www.techspot.com/news/75750-20-year-old-college-student-hacked-40-phones.html

Yes.  Thanks for that further elaboration.  The linked article seems to provide additional information pertaining to an example of to "force port" cell phones, which is a subject matter that we had discussed several times, recently, in this thread.

Part of the punch line remains that everyone with crypto currencies should take various security measures to protect their cell phone information - and provide additional passwords; furthermore, the crypto does not even have to be "on the phone" in order for the forced phone porting to be used as an effective method for hackers to take control of various crypto accounts/wallets that you might have secured with your phone (including sms verification) or other accounts that might use your phone as a means of identifying you.

I mentioned before, and it seems to bear repeating, that USA law provides that all a person needs to have, in order to force port your phone is your phone number and your telephone account number.. which might not be too difficult to obtain.  However, the article mentioned that there are additional ways that you can attempt to protect your phone account by providing a password or extra security with your phone carrier.. which makes it more difficult (but still not impossible) for a determined crypto stealing hacker.
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August 06, 2018, 10:58:58 PM

How about never using sms as 2FA.
JayJuanGee
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August 06, 2018, 11:10:26 PM

How about never using sms as 2FA.

I think that not using sms is more possible now, but there are some services that still lag in that regard. Of course, google authenticator and authy provide additional protection, but there is also an issue if you have an account, and you don't set any of that up, then a hacker who gets into your account could set such security up in your name.  So the solution is not completely simple, and hackers are both sophisticated and more specialized, these days, because bitcoin (and other cryptos) brings a certain amount of getting away with it value (difficult to trace and not reversible once successful).  

In other words, sometimes you might not recognize some certain security holes that you might have until they get exploited... and it is kind of fucked, too, if you have a lot of passwords and devices and you end up losing your device and/or access and have to verify yourself to get reset on the systems.  There's no easy solution and personal security in cryptolandia (we talking about bitcoin, right?) remains an evolving target.
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August 06, 2018, 11:16:49 PM
Merited by JayJuanGee (1)

There's no easy solution and personal security in cryptolandia (we talking about bitcoin, right?) remains an evolving target.

Even printers are now a vector to attack your computer through. HP is releasing firmware patches for vulnerabilities in its printers.


https://www.theregister.co.uk/2018/08/03/hp_printer_malware/
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August 06, 2018, 11:26:21 PM

When there is that party Somewhere @ 2022-ish @ a TOP-secret (only for coiners/WO members) location i would absolutly BE in to Co-organize the first multi trilion dollar entity party
Some small point like
-only 3* chefs
- luxury island
-private pick up
....... finest booze with No end etc.....

Noble task. You may want to speak with 600watt before you commit.
B1tUnl0ck3r
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August 06, 2018, 11:28:20 PM

When there is that party Somewhere @ 2022-ish @ a TOP-secret (only for coiners/WO members) location i would absolutly BE in to Co-organize the first multi trilion dollar entity party
Some small point like
-only 3* chefs
- luxury island
-private pick up
....... finest booze with No end etc.....

Noble task. You may want to speak with 600watt before you commit.

maybe add a little temple with underground tunnels and a burn pit to dispose the bodies of the underage sex slaves?
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August 06, 2018, 11:38:06 PM



Nope.  Some people here are reasonably well-read, old chap.  Not enough for a decent WO book club, mind.
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