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

[JayJuanGee]

The point is market manipulation on a large scale exists behind the scenes that is never covered by the news / brought to light. Not all institutional investors were/are involved in the manipulation and therefore got burned by the crash earlier this year, while naturally, some HODL-ers are on the richlist (it's easier to have lots of Bitcoin if you acquired/mined it when it was cheap), and some retail traders have gotten lucky and hit it big. The point is the average Joe who is trying to get into Bitcoin is essentially robbed of his money by market manipulation he has no idea even exists.

But then again, market manipulation exists in other markets as well... stock, commodity... they just have more regulation, so it's easier to get caught.

This concept of being robbed by manipulation seems to be going a bit too far.  Markets have dynamics, and you gotta prepare for those dynamics if you are either investing or trading...

Robbed probably isn't the best word. Possibly "forcibly lost"?

I completely agree that you need to be prepared for the dynamics of the market. Most people who jumped in and bought Bitcoin in the later half of 2017 were not thinking with their head. And they were definitely not familiar with the market dynamics.

The crypto market right now is like the wild west in the movies. Wild, crazy, unpredictable, and unregulated. Which can be good... and bad.

Introducing regulation to help minimize the bad actors will help in some ways (making it harder for legitimate businesses to be involved in manipulation), and hurt in a lot of others (making it harder for everyone else to be involved in anything).

So the answer, for now... is to do the best you can with the information you have. Which... BTC price just dropped. Anyone up for buying some more?  

All markets are manipulated to the extent that they are able to be manipulated, and at some point, manipulators lose control over manipulation and likely regain control later on down the road (when matters settle down). 

I was starting to find aspects of your posts objectionable because they seemed to be going too much down the Torque conspiracy theory line of discussion in which he seems to be proposing that all aspects of the market or manipulated to such an extent that he seems to believe that it was all planned - even when something that seems out of control of manipulators seems to be happening, such as explosive upwards movements that they did not want, but they make lemonade out of the lemons and go back to their manipulation as soon as they can, even though they did not plan it.  Furthermore, manipulators are not the same people all of the time, because manipulators go in and out of power, which even though manipulation is taking place, there are free market dynamics going on too.

[HairyMaclairy]

It was hilarious watching Bitmex casino bounce off $5800 while Stamp was at $6055.  There is some serious support down there.

[Wekkel]

Our assets are sore from too much correlation.

Seems to be a short term perception.

No one is fearful .. yet.

That’s why we are in the doll drums the last few months.

[JayJuanGee]

If we can hold the $6k floor through to the end of January, then it’s on like Donkey Kong.

...and if we can't, a conservative short might be the ticket.

You are vocalizing this "shortie thingie ma jiggie" a lot, recently.  Getting me worried in a kind of maternal sense.

Don't worry mom, I always wear a condom.

Even with a condom on, the ride is still fun.

In more technical words: my condom long is still standing and suffering. I wish I could have closed it earlier, or nursed it to a lower entry.

However, my other, hedging, opposing position (which I won't name explicitly to avoid a worried maternal figure) has granted me a nice, uh, money shot. And it still has some juice. I've just placed a few take profit stops on the way back up, and a fat asset one lower than here.

I'm set up. I know the possible outcomes of this position. Peace of mind. No more compulsive price checking for a while. No thirst for gambling, though I might buy some moar physical coin if things go further south.

(I did gamble a bit a couple weeks ago, against BCH, and I won. I could have squeezed more out of it, but I acted conservatively.)

This (apart from the BCH gamble) has nothing to do with my hopes or beliefs. It's just that this system does work for me.

A key seems to be that you are finding a certain level of comfort with your approach - and you are able to stack from your various moves in such a way that you are not betting the whole house, but instead making various strategic incremental bets that you know could turn out either way, even though you have a hunch about a certain direction (which might be anywhere between 51% and 99% - likely closer to 51%) - while being prepared for the opposite which could be as high as 49% in accordance with the opposite end of your hunch (of course hunches are not just two ways, yet we know that there are only so many ways in which we can prepare, if we are preparing only a few legs at a time, and sometimes having to bail, cash out or reconsider in the middle of the first leg). 

[criptix]

It was hilarious watching Bitmex casino bounce off $5800 while Stamp was at $6055.  There is some serious support down there.

Low on bitmex was 6005.

And i hate bitmex - because they earn 500 mil and still are offline at every big move lol...

When shit worked again we were already like at 6170 or so -_-

[JayJuanGee]

Our assets are sore from too much correlation.

Seems to be a short term perception.

No one is fearful .. yet.

That’s why we are in the doll drums the last few months.

Yes.. you have these kinds of broken record thoughts going through your head about what you believe has to happen, and even though what you are saying might happen, it does NOT have to happen... that seems to be part of the reason that you and I are at logger heads on this point - and your persistent posts that imply that certain things have to happen prior to up, which just comes off as black and white thinking on this particular topic.

[starmman]

Lots of red candlesticks all over the place today - hope it picks up later in the week =)

[HairyMaclairy]

It was hilarious watching Bitmex casino bounce off $5800 while Stamp was at $6055.  There is some serious support down there.

Low on bitmex was 6005.

And i hate bitmex - because they earn 500 mil and still are offline at every big move lol...

When shit worked again we were already like at 6170 or so -_-

You are right.  It was OK Casino.  Was scrolling too fast to read.  

Edit:   Actually there is some Bitmex in there as well - just not the perp.  

[kronos123]

The birds of evil have again expressed themselves; what will happen to Bitcoin now: will it take the rocket to the sky or it will explode in a crash? 1 or 2 photos?

https://www.ccn.com/cnbc-analyst-predicts-bitcoin-price-is-about-to-explode-citing-etf-buzz/

Well, again for the umpteenth time after the prophetic words of these geniuses, all the markets suffer a new and heavy collapse, after 24 hours.

I think that from now on I will seriously consider them as a barometer and lighthouse for my operations ..... obviously doing the opposite of what was suggested.


https://bitcoinexchangeguide.com/dow-jones-drops-800-points-bitcoin-falls-10-in-brutal-day-for-markets/

[El duderino_]

Woke up ,didn’t read anything... noticed that boring isn’t in play anymore, only wrong way @the moment , reverse direction immidiatly 

[kenzawak]

Another whale testing the bottoms (not sure that sounds right hmmm...) ?
https://www.blockchain.com/btc/address/35gwu76KvShhjg2SQdFcH6caC2MBFyXk75

[El duderino_]

Good good, lucky me i was sleeping @ this dump ..... i might of panic sold all my BTC’s if i was awake 

[serveria.com]

Another dump? Prolly the 310BTC guy cashing out?    #HODL!

[Elwar]

You guys...I'm scared.

Just checked the price and we're under $10k.

 

[El duderino_]

You guys...I'm scared.

Just checked the price and we're under $10k.

 

The lambo Guy was giving hint ..... with his 6,6k coins 
Hibernate HODL mode for myself but FUCK sideways, Bart, DIP...... and F*** those salty guy’s That missed out cheap coins and wanna get in cheaper as we are @ the moment.

[kirreev070]

Guys, below 5800 will not fall. Relax.

[El duderino_]

^
When my dog is still relaxed NP Then i am relaxed as well..... and the little one doesn’t get bothered by much

[kirreev070]

^
When my dog is still relaxed NP Then i am relaxed as well..... and the little one doesn’t get bothered by much

My dog is almost always relaxed

[Yaplatu]

It's because :

https://www.blockchain.com/btc/address/35gwu76KvShhjg2SQdFcH6caC2MBFyXk75

No ?

[Majormax]

Guys, below 5800 will not fall. Relax.

Thanks for that.