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

[erre]

I can't stand people posting shitty food pics in here. Please come to Italy. I think we are some of the few places all over the world were you can eat good food.

Also, regarding whiskey: you need time to appreciate speyside malts, for the start take Islay single malts. They are very peculiar, and you can start with a caol ila and then go with maybe a Lagavulin or a bruichladdich and end with an heavy peated ardberg, which smells of pirate boat in flames. This way you can taste the differences and understand your preferences.

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[jojo69]

Jojo, Jormungandr also known as the midgard serpent ( miðgarðsormr) is the giant snake or sea serpent that encompasses midgård, where humans live. I think you mean ragnarök, the end of the world as we know it and the beginning of the next world.

I think I know what I mean Arrie.  I very much see Jormungand as parallel to Ouboros; a serpent eating it's own tail in a cyclic continuum of existence.

My understanding is that there are two versions of Ragnarok present in the Norse mythos, one cyclical and one not, I see the cyclic Ragnarok as the point of tail eating if you will.

But we are quibbling, the interesting thing is that ancient mystics had developed a cosmological model very much in keeping with modern theory.

I believe that the universe does reveal itself to consciousness that asks.

[El duderino_]

via Imgflip Meme Generator

Finally a white russian PROOST WO’s

I’m teaching this no-coiners to drink, next thing a Will learn them is how to coin

F*** the peasant

Coiners rule the place

Been Said by MICg

Btw the other tattoo is me brother LoL

[jojo69]

I like the video... It is fun, and pro-bitcoin.

I also did not know what the fuck or who Zhou Tonged is, but it appears that from the urban dictionary,
"getting zhou tonged" has gained some notoriety, like the way we say "getting roached" in this thread.  

Anyhow getting zhou tonged is getting margin called.

You didn't get Zhou Tonged?

Noob, I lost 10 BTC to the guy.

And no, it is not getting margin called. Zhou Tong was the proprietor of Bitcoinica, the very first (that I know of) platform where leverage was available, it is true, but the term refers to the exit scam he pulled.

I never used the leverage option there.  I still got Zhou Tonged.

[Hueristic]

Sun is shining, BTC growing up @3930, 2-3 hours till my first drinks etc

What more to wish for

Its weekend go out and have Some Fun boys

Hope everyone is doing good in here

Pre-CHEERS already

No drinking necessary today!

[JayJuanGee]

I like the video... It is fun, and pro-bitcoin.

I also did not know what the fuck or who Zhou Tonged is, but it appears that from the urban dictionary,
"getting zhou tonged" has gained some notoriety, like the way we say "getting roached" in this thread.  

Anyhow getting zhou tonged is getting margin called.

You didn't get Zhou Tonged?

noob, I lost 10 BTC to the guy

and no, it is not getting margin called,

What is getting "Zhou Tonged," then?  By the way, I don't play with margin.

I got the definition from here>

https://www.urbandictionary.com/define.php?term=Zhou%20Tonged


>>>>>>Zhou Tonged

Bitcoin Slang, Your positions are automatically liquidated
due to insufficient trading balance after a margin call.
This occurs when trading using "leverage buying" at high levels 5:1 or 10:1
The large swings in the Bitcoin exchange rates can force automated margin selling, when the Broker sells out the customer without notice.<<<<<<

[HairyMaclairy]

I like the video... It is fun, and pro-bitcoin.

I also did not know what the fuck or who Zhou Tonged is, but it appears that from the urban dictionary,
"getting zhou tonged" has gained some notoriety, like the way we say "getting roached" in this thread.  

Anyhow getting zhou tonged is getting margin called.

You didn't get Zhou Tonged?

noob, I lost 10 BTC to the guy

and no, it is not getting margin called,

It is getting Quadrigacxed

[jojo69]

explained in edit above

It is getting Quadrigacxed

exactly

[JayJuanGee]

explained in edit above

Fair enough.. We know that sometimes ideas get mixed up, especially in folklore...

Same is true with HODL...  - retrospectively and erroneously being dubbed as "Hold On For Dear Life"  Dumb... 
 Real Dumb... for sure.

[El duderino_]

Btw whats the price doing

Praying non of you Guys standing in my shoe’s now

Having a drink contest with somebody thats with me F*** we keep going!!!!!!!!

[JayJuanGee]

Interesting development in the bitstamp order book.

If anyone remembers I mentioned a few weeks ago about how much buying support there was around the 3k level, but, also at the same time how the sell orders were not following the price down (IIRC 2000 btc sold bring the price down 4%, whereas 2000 bought price up around 20%).

I've continued to keep an eye on the order book during this last increase and at the 3700 then 3900 levels buy orders and sell orders were balanced (IIRC about 2500 sold or 2500 bought would move the price 15% either way). Meaning that despite the recent increase in price the buy orders were not following the price up, meaning lack of confidence in the bounce.

Well, right now order book is showing if 2000 coins are sold the price will drop 12%, but, if 2000 coins are bought the price will rise 21%. I can only interpret this as buyers now regaining confidence and beginning to follow the price up rather then waiting for a dip to the lows or new lows. In my mind this is confirmation that the low is now in.

Seems like you are trying to put too much weight into the meaning of the order book because the order book is played around with all of the time to cause these kinds of erroneous presumptions that you seem to be attempting to make... in other words, take the order book with a BIG ASS grain of salt.

[goldkingcoiner]

Sun is shining, BTC growing up @3930, 2-3 hours till my first drinks etc

What more to wish for

Its weekend go out and have Some Fun boys

Hope everyone is doing good in here

Pre-CHEERS already

No drinking necessary today!

Yeah....But...

[Ipwich]

Finally, we got it over $4,000 and trading in Bitfinex now at $4,200.
I don't want to to do some back reading, what exchange are we using as the standard price of BTC ?


$5K incoming, not yet?

[jojo69]

I don't want to to do some back reading, what exchange are we using as the standard price of BTC ?

stamp is the datum of record on WO

[El duderino_]

Whatever JoJo got my back, thats something i just know
Lucky drunkF*** that i am

[somac.]

Interesting development in the bitstamp order book.

If anyone remembers I mentioned a few weeks ago about how much buying support there was around the 3k level, but, also at the same time how the sell orders were not following the price down (IIRC 2000 btc sold bring the price down 4%, whereas 2000 bought price up around 20%).

I've continued to keep an eye on the order book during this last increase and at the 3700 then 3900 levels buy orders and sell orders were balanced (IIRC about 2500 sold or 2500 bought would move the price 15% either way). Meaning that despite the recent increase in price the buy orders were not following the price up, meaning lack of confidence in the bounce.

Well, right now order book is showing if 2000 coins are sold the price will drop 12%, but, if 2000 coins are bought the price will rise 21%. I can only interpret this as buyers now regaining confidence and beginning to follow the price up rather then waiting for a dip to the lows or new lows. In my mind this is confirmation that the low is now in.

Seems like you are trying to put too much weight into the meaning of the order book because the order book is played around with all of the time to cause these kinds of erroneous presumptions that you seem to be attempting to make... in other words, take the order book with a BIG ASS grain of salt.

Bitstamp and their order book is the exchange that is least played around with IMO and many others opinions. Secondly, fuck you for making assumptions about what I use to gauge the market. If you think that is the only indicator that I use, you are far stupider then your many unnecessarily lengthy insane incoherent posts make out.

[Ipwich]

I don't want to to do some back reading, what exchange are we using as the standard price of BTC ?

stamp is the datum of record on WO

So still 4107.44 USD, still good because we're up today.
This calls for a big celebration, might as well go for some drink today with my fellow BTC mooners!

[jojo69]

Whatever JoJo got my back, thats something i just know
Lucky drunkF*** that i am

indeed

just don't get the cops involved

[P_Shep]

Zhou Tonged - Bitcoin's Back (Eminem - Without Me)



Good vibes!

Guess who's back??? BITCOIN!

I like the video... It is fun, and pro-bitcoin (even though I had not seen it before - from 2013.. funny that).

I also did not know what the fuck or who Zhou Tonged is, but it appears that from the urban dictionary,
"getting zhou tonged" has gained some notoriety, like the way we say "getting roached" in this thread.  

Anyhow "getting zhou tonged" is getting margin called on your trade.

Oh, you would have loved it

[P_Shep]

I like the video... It is fun, and pro-bitcoin.

I also did not know what the fuck or who Zhou Tonged is, but it appears that from the urban dictionary,
"getting zhou tonged" has gained some notoriety, like the way we say "getting roached" in this thread.  

Anyhow getting zhou tonged is getting margin called.

You didn't get Zhou Tonged?

noob, I lost 10 BTC to the guy

and no, it is not getting margin called,

What is getting "Zhou Tonged," then?  By the way, I don't play with margin.

I got the definition from here>

https://www.urbandictionary.com/define.php?term=Zhou%20Tonged


>>>>>>Zhou Tonged

Bitcoin Slang, Your positions are automatically liquidated
due to insufficient trading balance after a margin call.
This occurs when trading using "leverage buying" at high levels 5:1 or 10:1
The large swings in the Bitcoin exchange rates can force automated margin selling, when the Broker sells out the customer without notice.<<<<<<

I guess they call it getting 'REKT' now.