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Question: Is the bottom in yet?
Yes - 35 (27.1%)
No - 59 (45.7%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 20877129 times)
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HairyMaclairy
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September 22, 2018, 05:57:55 AM
Merited by JayJuanGee (1)


Yes.  And should be considered as a contrary indicator.  Buy when fearful, sell when greedy. 
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September 22, 2018, 06:14:58 AM
Merited by JayJuanGee (1)


Yes.  And should be considered as a contrary indicator.  Buy when fearful, sell when greedy. 

I'm fearful of such a low bitcoin price because I'm greedy.
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September 22, 2018, 06:45:33 AM

Yeah. What cracks me up is how all y'all jumped down the throats of BCH developers for having a core dev discover a bug in a single (of several) Bitcoin Cash implementation, which was also never exploited.

Shoe's on the other door now. #justsayin

What are you talking about?  Apparently this is a several years long issue that has ramifications on any forks of bitcoin too.  So, it remains a bit unclear about your supposed "gotcha."  

So, I don't know where you get off in some high and mighty righteous in any kind of found bug conversation.

It's not meant to be a gotcha, it is meant to be an observation upon double standards.

Yeah, but even if you are making a double standards assertion against bitcoiners, you are making that on kinds of strawman created implications as the ones that I already pointed out in my earlier post , and even HairyBeary posted an additional point with his question about whether a bcash developer had spotted the bug and informed the core developers of such.  Of course, you could not answer because so far the spotter of the bug has been anonymous.   

In the end, there had been commentary within the crypto community that bcashers had been attempting to make some kind of BIG deal out of this whole situation, when the reality is that the bug had the potential to cause a lot worse damage that would have had ramifications far beyond bitcoin. 

Furthermore, no one has been proclaiming that bitcoin is perfect, and there remain certain kinds of vulnerabilities including the narrowly dodged bullet of this latest bug find.  So, even though bitcoin might continue to have some if it's problems, it still seems quite fair to attempt to bash bcash in any way reasonably (and perhaps even unreasonably) possible because 1) there is more centralization in that smaller project, 2) they are largely engaging in a kind of fraud through various kinds of attempts to mislead people into thinking that they are the real bitcoin, 3) they seem to have a lot higher incompetency largely based on seemingly bitcoin rejects going over to that project and 4) there are probably a few more decent justifications that I am not thinking about at the moment based on my preference just to ignore the whole project except for the fact that they continue to exist like a zombie attack vector that won't go away including having peeps like you continuing to spew out the various nonsense talking points in order to attempt to keep frankenstein alive.
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September 22, 2018, 07:09:19 AM
Merited by eddie13 (1)

whales

Whales = the composite operator

Quote
Wyckoff, “The market is made by the mind of man, and all the fluctuations of the market and all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Operator, who, in theory, sits behind the scenes and plays a stock to his advantage."

we should consider all market activity as a purposeful operation in which informed interests exert continuing control over stocks and the market. These large interests, such as banks, mutual funds, investment trusts, hedge funds, specialists, and position traders are best thought of as a Composite Operator.

Wyckoff, “imagine a super investor. How would that person handle the situation that is before you? What would that person look like? How would that person feel? What state of mind would your superior investor be in to deal with the situation confronting you?"
http://www.financial-spread-betting.com/trading/composite-operator.html
Quote
Wyckoff felt that an experienced judge of the market should regard the whole story that appears on the tape as though it were the expression of a single mind. He felt that it was an important psychological and tactical advantage to stay in harmony with this omnipotent player. By striving to follow his footsteps, Wyckoff felt we are better prepared to grow our portfolios and net-worth.
https://en.wikipedia.org/wiki/Richard_Wyckoff

I often like to think of it is the entire market is out to get me. Me against one entity, the composite operator..

I think that view of the market is too simplified, because I think that there are still a lot of free market principles at play, and perhaps bitcoin is going to bring some dynamics to the markets that have not been experienced before, with the introduction of a lot more laypersons into trading with a lot more access than they have previously had, and also bitcoin seems to be differentiable from any other asset previously in existence with the degree of the underlying soundness of the underlying asset, and so there is a considerable value in attempting to directly own it rather than some of the manipulation that might be attempted through exchanges and other financialization products that might attempt to represent the underlying asset while NOT being as valuable as the underlying asset.  So, even though I make proclamations of manipulation, I still believe that there is likely both differentiations from traditional markets, and likely a continuation to be differentiated from traditional markets. 

It is yet to be seen whether bitcoin is going to continue to be able to differentiate itself from traditional markets through tools and communities that are likely to continue to develop as the likely ongoing manipulation challenges and war continues to take place and to evolve into the future.  As individuals, we can continue to monitor these developments and decide to reallocate our position to the extent that we might believe the battle is evolving in one direction or another - yet I continue to have a decent amount of confidence in bitcoin about it's ability to continue to attract value and upgrowth inspite the likely continuation of threats from the inside and the outside, so BTC accumulation seems to continue to be a prudent strategy, and I wished I were younger to really be able to enjoy watching this play out for 100 years, but I would not have been in any kind of position to have had accumulated as decent of a stake in bitcoin in my younger years, either... so, the situation is what it is, and in that regard, each of us just has to continue to decide how to play our cards and to best position ourselves for the momentum that we believe is going to continue - even if the shorter term movements might sometimes move against us.


I think about it as if I were the composite operator, how would I try to trick me out of my satoshis on the exchange, with bull traps, bear traps, fake walls, fake volume etc.
What would I do to trick the little guy out of his money?

Like 4D chess..



That might not be a bad way to think about it; however, I don't think that regular people have enough tools to really play at the level of the players with more resources and perhaps thousands of coins on several exchanges.    So, perhaps there is a bit of David and Goliath going on, where the little guy still can win if s/he plays with a bit of strategy that anticipates some of the moves of the opponent before they come, as you seem to be suggesting.

I prefer to think of the whole situation as a river that is a bit out of control, and I am just trying to manuever around the various difficulties and take advantage of situations that seem to be part of the flow of the river, but I am not attempting to delude myself into thinking that I can control the river but just to go along with the flow rather than fighting the current.

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September 22, 2018, 07:39:39 AM


Yes.  And should be considered as a contrary indicator.  Buy when fearful, sell when greedy. 

It will always be not true, when you can say that it is the most greedy time?? If you are really greedy then you wont sell until you comeback too the same format as we were in 2017.
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September 22, 2018, 07:46:20 AM

When a person with money meets a person with experience, a person with experience leaves with money, and a person who has money leaves with Ripple...)
HairyMaclairy
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September 22, 2018, 07:51:35 AM
Merited by 3x2 (1)


Yes.  And should be considered as a contrary indicator.  Buy when fearful, sell when greedy.  

It will always be not true, when you can say that it is the most greedy time?? If you are really greedy then you wont sell until you comeback too the same format as we were in 2017.

Its the relative change that matters as well.  We are currently near the top of the band and relatively greedy compared to 3 days ago, so I am short and ready to scale in further.  

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September 22, 2018, 08:03:11 AM





Ohh you are calculating fromchart and analysis, so it is a good idea.I thought that you are just following the sentiments. I also do believe chart analysis.
Thought thanks for today's tip  Wink
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September 22, 2018, 08:47:22 AM

via Imgflip Meme Generator
Wekkel
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yes


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September 22, 2018, 09:11:09 AM

We are currently near the top of the band [...]

Hairy, what do you see as the top for this run?
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September 22, 2018, 09:14:00 AM

We are currently near the top of the band [...]

Hairy, what do you see as the top for this run?

I think we already saw it at $6800.
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September 22, 2018, 09:37:46 AM

just read this thing: You're gonna regret the boredom and peace of bear market.
A bull run is mentally exhausting.
The only thing which keeps you grinding is the euphoria of potential gains.

i have the say i'm the exact opposite ...... a BULL RUN is mentally healthy for me , maybe yes when we are in a DIP , the potential gains do keep us grinding  Grin

so we have a small small dip now let us continue the other direction
HairyMaclairy
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September 22, 2018, 10:00:02 AM

We are currently near the top of the band [...]

Hairy, what do you see as the top for this run?

Above $7200 would be a break out event imho.   We have seen $6840 so far.  I have just gotten stopped out just under $6700 on the swing back up so am still in profit today but haven't made very much so far.  

I will re-enter if we get high enough, otherwise I will just leave it.
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September 22, 2018, 10:06:54 AM

We are currently near the top of the band [...]

Hairy, what do you see as the top for this run?

let me see  Grin



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September 22, 2018, 10:16:42 AM

Trader on the bull market  Grin

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September 22, 2018, 10:24:29 AM

The world's biggest whales will come around here

https://www.fintechlawblog.com/2018/09/worldwide-cryptocurrency-aml-standards/
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September 22, 2018, 10:52:49 AM

the bull run is finished already?
LOL
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yes


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September 22, 2018, 10:56:46 AM

I suspect there will be more before this run is over. But it would be hard to surpass the last $7,4xx top.
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September 22, 2018, 10:59:25 AM



Rationale:  we are going to stick our head above the trend line again to hunt short stops, and then drop back down again. 
That's the way I see it too, and that's what seems to be happening now. We could peak a little higher still, though.
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September 22, 2018, 11:07:24 AM

I am in a generous mood today.  I have decided that shitcoins are a good thing because they get people interested in crypto and eventually those people figure out the importance of decentralised, immutable ledgers (the smart ones anyway).  And that is enough.

I have always believed that is the case.


The speculative frenzy of alts has drawn in huge numbers of people looking for quick profit, but it has also pushed them to learn a bit about the tech.

As the BTC dominance increases, many will rotate back into BTC as a safe haven.

In the end , there will be far more BTC hodlers than if alts had never existed.

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