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

[d_eddie]

Merit drop complete and paid.

i guess lately i'm one of the most active @WO but seems to always mis your DRILL things

luckely binaryreign got it CAUSE he could actually use all 60 and wear his damned HAT

maybe with getting close to it
there is another generous HATcarrier to help out .... i sit pretty low myself  

A legend in spirit already anyway. You sit a tiny bit higher right now  

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[d_eddie]

Such a panic selling with only good news for Bitcoin. It is a pity... that I don't have available fiat to buy this dip. I am just curious who made profit today - certainly not the traders that sold, nor the miners. The trio scammers Vu, Ver and Wright are rekt the most. The only winners are those who endure this torture and continue to hold without being too greedy. To sell with the hope of buying lower is a catching knife game. You may succeed once or twice but in the end you will cut your fingers.

Trying to find a good side in every corner is an excellent sport.

I consolidated and rebalanced. Recent profits cashed out and turned into harm reduction for the opposing hurting position.

Opening the new short before this shitshower feels almost like winning anyway. Almost.

My play assets will stay approximately flat from here up to ~6k-ish. Down from here it's all gravy. You whales wanna take it down to 4k? Go ahead, I'm on it.

(Never mind my stash, sometimes a hodler's got to find distractions is the point I'm making.)

How much would you say you have made with your shorts in comparison to the losses of your hodled stash?

I don't know. I DON'T WANT TO KNOW! THAT WAS NOT THE POINT!  I won't think of that OK???

Uh, sorry, it's in the 10%-15% ballpark. Joking apart, I had to perform some paper napkin arithmetic to answer your question: I really (try to) avoid fiat accounting for long term btc.

[JayJuanGee]

Fucking amazing man

yeah i do like the HAT

gonna make some t-shirts as well .... little personal BTC related gear and not the already usual shit with BTC logo that everybody got....

this kind of +points of my personal crypto sphere are good to fight my personal bitterness of the current DIP's and keeping my mind on the end goal

mass useage of BTC and green everywhere

The only way that you could actually do all of this stuff that you proclaim is to have a micgoosen marketing team, so maybe you should discontinue acting as if you are merely one person and what you do and say are from just one person (implying a real person).      

haha LoL nice you say that cause i'm ALL alone
and took 15minutes so not so much of time .... i would like a micg team
but got all the possible minds and back up in THE WO

WHAT of a team would XhomerX be working with

I was making my new tentative conclusion about you... not XhomerX.

Currently in my thinking, XhomerX has very decent odds of being a real and regular kind of peep, and I recall that about less than a year ago, he became more creative with his memes, and recently moved on to hats.  

Surely, anyone in these here forums might not be a real peep, so I cannot say anything with certainty... but my tentative conclusion about you has become.. micpeep is not the one real peep that s/he/it portrays himself/herself/itself to be.    

If you think that... it's because you don't have any idea how bad micgoosen's OPSEC is. Even worse than jbreher. Seriously.

That's what the team of micpeep wants you to think... Good luck with those kinds of presumptions regarding micpeep being an actual real peep, in any kind of close approximation of what s/he/it presents.  

[bitserve]

Such a panic selling with only good news for Bitcoin. It is a pity... that I don't have available fiat to buy this dip. I am just curious who made profit today - certainly not the traders that sold, nor the miners. The trio scammers Vu, Ver and Wright are rekt the most. The only winners are those who endure this torture and continue to hold without being too greedy. To sell with the hope of buying lower is a catching knife game. You may succeed once or twice but in the end you will cut your fingers.

Trying to find a good side in every corner is an excellent sport.

I consolidated and rebalanced. Recent profits cashed out and turned into harm reduction for the opposing hurting position.

Opening the new short before this shitshower feels almost like winning anyway. Almost.

My play assets will stay approximately flat from here up to ~6k-ish. Down from here it's all gravy. You whales wanna take it down to 4k? Go ahead, I'm on it.

(Never mind my stash, sometimes a hodler's got to find distractions is the point I'm making.)

How much would you say you have made with your shorts in comparison to the losses of your hodled stash?

I don't know. I DON'T WANT TO KNOW! THAT WAS NOT THE POINT!   I won't think of that OK???

Uh, sorry, it's in the 10%-15% ballpark. Joking apart, I had to perform some paper napkin arithmetic to answer your question: I really (try to) avoid fiat accounting for long term btc.

haha

Well, it's not bad at all. I don't think I have even managed to cushion a ridiculous 5% of the (paper/profit) losses with my trading (no leveraged shorting, just regular buy/sells with a small portion of my stash).

Well, I hope better times will come.

[bitserve]

If you think that... it's because you don't have any idea how bad micgoosen's OPSEC is. Even worse than jbreher. Seriously.

That's what the team of micpeep wants you to think... Good luck with those kinds of presumptions regarding micpeep being an actual real peep, in any kind of close approximation of what s/he/it presents.  

Ok, whateva 

[d_eddie]

Well, it's not bad at all. I don't think I have even managed to cushion a ridiculous 5% of the losses with my trading (no leveraged shorting, just regular buy/sells with a small portion of my stash).

Leverage is a power tool. With simple buys/sells, I probably wouldn't have managed that 5%. From your posts, I guess you've got all it takes to use the available tools sensibly. Maybe you should give it a careful shot?

Well, I hope better times will come.

They will, we all know it. Well, almost all.

[gentlemand]

Today has been the embodiment of a phrase that's popped up a couple of times - bulls take the stairs. Bears take the window.

May anyone feeling the willies right now wake up to a brighter dawn.

[JayJuanGee]

I'm a little bit confused

Don't be attributing those kinds claims to me, you fucking deceptive nutjob.

My question in the non-contextualized link that you provided, related to the lightning network.. hello, diptwat?

You are the one who lives in a fantasy pie in the sky world regarding a supposed hopium hedging role of Pms such as gold and silver, and waiting in your basement for the armagaedon apocalypse that has about a snowballs chance in hell of both coming and allowing your investment to pay off.

[bitserve]

Well, it's not bad at all. I don't think I have even managed to cushion a ridiculous 5% of the losses with my trading (no leveraged shorting, just regular buy/sells with a small portion of my stash).

Leverage is a power tool. With simple buys/sells, I probably wouldn't have managed that 5%. From your posts, I guess you've got all it takes to use the available tools sensibly. Maybe you should give it a careful shot?

I "promised" myself to never use leverage anymore if I was able to recover from a liquidation I suffered when Bitfinex was hacked and the price (in Kraken) dumped to around $430 (I was liquidated at $434 in that flash dump which recovered instantly).

It took me almost a year to recover not just the amount in fiat but in BTC.

Yes, I had to keep using leverage (much more conservatively though). Yes, I made it. No, no more leverage for me.

[JayJuanGee]

Furthermore, I do not have any strong presumptions that the BTC price is going down, and I especially think that any targeting of $2,200 would be quite pie in the sky, even though there is a chance that such price could happen.. maybe less than 5% (concedingly that such odds of $2,200 are a bit higher now as compared with last week, but they still remain pretty low, in my humble bumble opinion).

I would wager a guess that your 5% chance has grown to a higher percentage now of likelihood?

You are correct... I had asserted less than 5% odds to reach $2,200.

When certain support lines break, then odds change, so my current armchair estimate would allow for perhaps up to a 20% chance for that below $2,200 target of yours.. 20% might be a bit generous, but just to concede that calculations can change quite a bit when the price is moving a lot (and support or resistance is broken).

[JayJuanGee]

They didn't add crypto traders.

FTFY

You think that 99% of folks are lying to you in this thread?  Get fucking real.

There may be a high percentage of lies, perhaps 30% if we are giving too much credit to the obvious trolls, but it is no where near 99%.

Snap out of your skeptical delusion, PoolMinor.   

[JayJuanGee]

well its still looking like a disaster out there. No solid bounce.

I'm wondering what were the reasons for the bottoming period in 2014/15. I always thought it might of been that the mining costs at the time made a floor at that price, but I never looked into it. Does anyone know if the mining price was around the 200 level in 2014/15?

Bitstamp getting hacked caused the $150 bottom in 2015. At that time it was the biggest exchange.

I don't mean the specific bottom, I mean the time when it was moving between 200-300, what kept it falling further? was it just no more sellers, the miners stopped selling, or more buyers coming into the market?

It was between $200 and $300 for more than 8 months, and the bearwhales could not get the price to go down further... After NOT being able to get the price to go down more, for so long, there was only on direction left, correct?

[JayJuanGee]

This is bad.

Very bad.

EDIT: Remember how I said I need(want) to dump $1M USD more before December 31st 2018 ?

Yeah. LOL at that idea now.

Sheeeeeeeeit.

You are the reason why we cannot have nice things.    

??

What is to question?

He recently sold decently large amounts of BTC on the way down a few times, and attention-whore whined about it too...including seeming inclined to do the same, again.  

[xhomerx10]

Just got back from a day at the hospital. Damn...
I'll hodl as long as it takes, but damn

bitcoin is now a part of history books weeeee

Time to write some best-sellers about bitcoin(history), in order to maintain income... .  

 I believe a hat is required in order to be a successful writer.



avatar-sized

[JayJuanGee]

(Dear Lord... I feel like I turned into JJG)

Good job.

Imitation (even if subconsciously) is one of the greatest forms of flattery...

 

(Dear Lord... I feel like I turned into JJG)

Get the fuck out of here with this apparent pretense of being using some kind of self-defined wordy prose just to be able to claim any kind of pretense at being in the vicinity JJG-ness within 63.5-72.2%. Even using numbers and probability. Tsk.

At minimum, he must have been in the JJG wall of text ballpark of inspiring peeps not to read it.

[Icygreen]

All out of fiat ammo from that move.  Time to recharge but not looking forward to the hassle of a bank transfer.  Also just went slightly below my average.  Am I the only 1 potentially excited about lowering my cost average?  4.8K nice, 3k wow, 2K chub.  1k or less = beg and borrow
BTC is more relevant today than ever.  Just imagine how many are on the sidelines waiting for a bottom today.
  
 

[BTCMILLIONAIRE]

All out of fiat ammo from that move.  Time to recharge but not looking forward to the hassle of a bank transfer.  Also just went slightly below my average.  Am I the only 1 potentially excited about lowering my cost average?  4.8K nice, 3k wow, 2K chub.  1k or less = beg and borrow
BTC is more relevant today than ever.  Just imagine how many are on the sidelines waiting for a bottom today.
  

No you're not the only one. I'm quite happy with my trading stash.

[PoolMinor]

They didn't add crypto traders.

FTFY

You think that 99% of folks are lying to you in this thread?  Get fucking real.

There may be a high percentage of lies, perhaps 30% if we are giving too much credit to the obvious trolls, but it is no where near 99%.

Snap out of your skeptical delusion, PoolMinor.  

Man, you need to take a step back, and get a sense of humor. Geez Louise don't be so full of yourself all the time, sucka! I am pretty certain you are the only one in this thread that took this clear joke personally.

[jojo69]

news flash

Jay takes himself too seriously

 

[somac.]

well its still looking like a disaster out there. No solid bounce.

I'm wondering what were the reasons for the bottoming period in 2014/15. I always thought it might of been that the mining costs at the time made a floor at that price, but I never looked into it. Does anyone know if the mining price was around the 200 level in 2014/15?

Bitstamp getting hacked caused the $150 bottom in 2015. At that time it was the biggest exchange.

I don't mean the specific bottom, I mean the time when it was moving between 200-300, what kept it falling further? was it just no more sellers, the miners stopped selling, or more buyers coming into the market?

It was between $200 and $300 for more than 8 months, and the bearwhales could not get the price to go down further... After NOT being able to get the price to go down more, for so long, there was only on direction left, correct?

Sure, but I'm curious on a few things, specifically the price rallies during that time and lack of flat movement. The lack of movement (flat periods) may of been there, I just can't remember, but we are certainly not getting many rallies. There was a big one after it hit 150 and the price, then down to 220 area then up to 300 then back down to 220, then back to 300 then back to 200, then the rest is history.

It seems to me that there was the volume and maybe a few new entrants back then to do it, my concern is that I'm not seeing that right now, I guess we could just be too early in the cycle.