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

[Last of the V8s]

I see that hoover bloke isn't going to make a Tesla after all.
https://www.bbc.com/news/business-50004184 Dyson has scrapped its electric car project

I had a college (been and left) who saw the writing on the wall over 2 years ago.
Was originally head-hunted by Dyson to work on the project. After less than a year saw it was going nowhere and left.

Pretty far-sighted. Dyson was taking on high-flyers as recently as the summer, bit weird.

[infofront]

especially those blowers that 'dry your hands' by blowing the water all over the loos and up in your eyes if you're lucky. they really suck

It could be worse. You could be one of the disgusting bastards that goes straight from the urinal to the hand dryer.

[LUCKMCFLY]

CME Saw A Record Number Of Large Open Interest Holders In Q3. (25 + BTC)


Source: https://www.coinness.com/news/421536

Very positive data. I hope it helps to continue improving the price.

[P_Shep]

I see that hoover bloke isn't going to make a Tesla after all.
https://www.bbc.com/news/business-50004184 Dyson has scrapped its electric car project

I had a college (been and left) who saw the writing on the wall over 2 years ago.
Was originally head-hunted by Dyson to work on the project. After less than a year saw it was going nowhere and left.

Pretty far-sighted. Dyson was taking on high-flyers as recently as the summer, bit weird.

He knows the business (hence head-hunted).

I mean, even from the outside think about it... Think about what it takes for a company with zero automotive history to get a high-volume production car on the road. The design, development and particularly the safety testing.

[JayJuanGee]

Good morning Bitcoinland.

Interesting night last night. Up $300 then down $500... current price $8351USD/$11038CAD (Bitcoinaverage).

Volatile enough for ya?

On a personal level, in the good ole days, I used to trade these kinds of levels (%) of BTC price swings, but these days my swing trades (buy/sell orders) are not usually triggered for less than $800 price swings. 


I do feel that I profit once volatility hits the levels of triggering my buy/sell orders.

Of course, I look forward to the day that my buy/sell orders need $4k to $5k or more before they are triggered.   How far into the future that will be is an ongoing matter of conjecture.

Trezor (security by open-source) or Ledger (security by obscurity)?

which do you prefer?

I prefer multiple cold storage ("paper") wallets.

I do have a Trezor though. Almost never use it. Keep less than 30 coins on it. Too much trouble.

If you are traveling Jimbo, it would seem that it could be helpful to have 1 or 2 BTC on some kind of a easier to access device such as a trezor or software on your phone or something that is decently portable like that in terms of having a back up emergency method of accessing your coins - I mean something other than paper wallets, but hey whatever floats your boat, and I do acknowledge that there is decent value in sticking with a system that you know works for you and your particular circumstances..

[Last of the V8s]

https://www.bbc.com/news/technology-50023008

Mastercard, eBay and Stripe pull out of Facebook's Libra

#rekt

[makrospex]

https://www.bbc.com/news/technology-50023008

Mastercard, eBay and Stripe pull out of Facebook's Libra

#rekt

It's Zuckerberg's fate.
He is not smart enough for these types of businesses.

Now, may the real roach please stand up and rant some nazi shit about his asian wife...  

[alevlaslo]

buy altcoins, they have already come this way

[Lambie Slayer]

Just saw the greatest Bitcoin commercial of all time last night and can say Joker is a masterpiece. Whether nocoiners realize it or not, it is the most significant piece of Bitcoin art ever created.

I wont spoil the movie for you but its about what happens when elite money printers impoverish the masses and drive them insane.

via Imgflip Meme Generator

[fillippone]

I see that hoover bloke isn't going to make a Tesla after all.
https://www.bbc.com/news/business-50004184 Dyson has scrapped its electric car project

I had a college (been and left) who saw the writing on the wall over 2 years ago.
Was originally head-hunted by Dyson to work on the project. After less than a year saw it was going nowhere and left.

Pretty far-sighted. Dyson was taking on high-flyers as recently as the summer, bit weird.

He knows the business (hence head-hunted).

I mean, even from the outside think about it... Think about what it takes for a company with zero automotive history to get a high-volume production car on the road. The design, development and particularly the safety testing.

Look at Tesla. The only startup in automotive in the last... 60 years? They have pretty shitty build quality when compared to auto on the same class.
Manufacturing cars is an supply chain/organisational hell.

[Gyrsur]

Just saw the greatest Bitcoin commercial of all time last night and can say Joker is a masterpiece. Whether nocoiners realize it or not, it is the most significant piece of Bitcoin art ever created.

I wont spoil the movie for you but its about what happens when elite money printers impoverish the masses and drive them insane.
https://i.imgflip.com/3d2m8c.jpg

how many did leave during the movie?

is the movie more violent than a Tarantino movie?

[Lambie Slayer]

Just saw the greatest Bitcoin commercial of all time last night and can say Joker is a masterpiece. Whether nocoiners realize it or not, it is the most significant piece of Bitcoin art ever created.

I wont spoil the movie for you but its about what happens when elite money printers impoverish the masses and drive them insane.
https://i.imgflip.com/3d2m8c.jpg

how many did leave during the movie?

is the movie more violent than a Tarantino movie?

John Wick kills more people while taking a piss than die in this entire movie.

None of the nocoiners walked out. Money printing elites dont want nocoiners seeing Joker bc they might realize they are being oppressed and lash out by purchasing Bitcoin or slashing throats.

[Biodom]

Interesting...SEC files emergency relief against Telegram token (TON).
https://www.sec.gov/news/press-release/2019-212
Someone already invested 1.7 bil.
I wonder how this would progress.

[El duderino_]

Number of #Bitcoin addresses holding more than 1000 $BTC 👀

via Imgflip Meme Generator

https://twitter.com/glassnode/status/1182674900496146432?s=21

[Ludwig Von]

https://www.bbc.com/news/technology-50023008

Mastercard, eBay and Stripe pull out of Facebook's Libra

#rekt

It's Zuckerberg's fate.
He is not smart enough for these types of businesses.

Now, may the real roach please stand up and rant some nazi shit about his asian wife...  

Mistake : this was just a test run. When his time comes, Zucksuck will be president of the US and chairman of the FED and replace the $ by Libra, to solve the reserve currency debt issue... .

[El duderino_]

The thread is to damn quiet

#HODLsleep!

[JayJuanGee]

Master Eddie how is your short doing? still hedged with low spread?
#nohomo

Short not too happy yet, but improving slowly at the expense of the long. What's more important to me, my total margin is stable within 0.000004% - yes, that's 1/250,000. I'll cut down the losing branch as soon as she makes a solid move.

Master, does it mean you open more shorts if the long is growing on the way above? I understand it this way.

Yes, I brought the short up to the same size as the long when the price spiked, so their entry points are quite a bit closer now. If she goes down as I think she will, I'll cash out part of the short. If she goes up, I'll cash out part of the long. Ideally when she gets back, I can close both legs and keep the proceeds. Or maybe it will be more complicated, so I'll have to adjust things in progress because she likes to tease a lot. For now it's wait and see.

d_eddie:   I recognize that you and Gyrsur have been going a bit back and forth on this topic, and surely Gyrsur seems to have a decent amount of skepticism regarding both whether if your system works sufficiently to be worth the efforts and that it seems to take a decent amount of mental power and time consumption to regularly employ your system - and to hopefully remain profitable along the way.


I, personally, have a decent amount of confidence that you are both representing what you are doing in a decently accurate way, and that you are likely fairly profitable to stack more sats than you would have otherwise stacked if you would have attempted a pure going long position, including buying on dips and HODLing and perhaps selling a bit of BTC as the price goes up in order to buy back.   

So, essentially, I kind of accept that if you are employing shorts, then you are likely much more profitable than me (relatively speaking) during 2018 when the BTC price was largely going down for the whole year.  I also tentatively speculate that during our April 1 to June 27 BTC spike from $4,200 to $13,880, you would have been losing quite a bit of money during that period of time - maybe even enough to have off-set a decent amount of your 2018 BTC shorting profits.  Accordingly, between about April 1 and June 27, there were hardly any significant BTC corrections in order that you could have recouped what you would lose each time that you entered a new short at a higher BTC price.  So what did you actually do?  Just suffer the losses and keep pulling the shorting lever, because at some point on or about June 27 (probably until now) shorting had become profitable, again. 

Hopefully this is not too complex of an issue for you to attempt to address, which is largely how do you stay profitable during exponential BTC up periods, or do you just factor in that there might be short periods, such as the one between April 1 and June 27 that your shorting attempts are NOT profitable?

[El duderino_]

We just witnessed a classic supply nuke on $BTC as bears made an attempt to hold their last stand.

I expect buyers to retake control over the next two days and see this as an opportunity. Invalidation if we start closing below 8200.

via Imgflip Meme Generator
https://twitter.com/rj_killmex/status/1182641924496412673?s=21

[El duderino_]

shorting attempts are NOT profitable?

Shorting attempts not profitable??

via Imgflip Meme Generator

You have no google?

[JayJuanGee]

shorting attempts are NOT profitable?

Shorting attempts not profitable??

via Imgflip Meme Generator

You have no google?

I have not heard much out of Tone Vays recently, but whatever, I am asking d_eddie because it seems to me that d_eddie is employing a much more interesting strategy than Tone Vays.  Interesting partly because d_eddie attempts to be somewhat neutral towards price while expecting a long term BTC price increase.  Sure, Tone expects BTC prices to go up in the long run, but he also tries to trade based on his expectations of direction - and surely less incrementalism than d_eddie...> In other words, between d_eddie and Tone Vays, I am NOT sure who is employing more SOMA.^TM