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

[JayJuanGee]

New Plan: Dumping 50 BTC next time we cross $10k USD. Rick approved. He's nervous as well.

Fuck this action.

this is exactly what whales try to force the dump money to do even now at the 8k mark.

don't be the victim be the actor. refuse to be the victim always because it's not good for mentality health to get in this secondary position.

EDIT: sorry, mixed up decline and refuse  (not my mothertongue)

BoB ain’t no dumper ......

What do you call it then?  Surely it is not incrementalism.  It is a kind of relatively large scale relief of pressure, no?  Aka dump, no?   in other words if someone is engaged in a dumping practice, then they could be considered a dumper, at least for that particular action.  He's done it before, too... so it is not like an isolated incident, either.

I am not trying to side one way or another, and frequently Bob asserts that I am too much of a meanie, but seems that we should be calling a spade a spade rather than trying to sugarcoat.  AmiNOTrite?   

[ChrisPop]

I think we're going to still remain in a neutral/sideways market this month. I'd expect to have a resolution to the current consolidation pattern somewhen at the start of November. To be sincere Bitcoin is looking kind of drippy at the moment but it is still in the confines of the 200 EMA and the 377 EMA. A break in either way on the daily will dictate the next medium term trend in my opinion.

[ivomm]

Hi WO Gang! I had a nasty herpes on my left eye and spent the last 2 weeks fighting with it. Fortunately, I got completely healed without any complications. The small fiat reserve which I left after the last buying of a portion of bitcoin turned out to be completely enough for the unexpected expenses (I had also 3 medical interventions on my teeth).  I am so happy to live with the expectation of the purchase at the end of each month, so I don't care how much we bleed now. Since I don't have a crystal ball to sell high and buy low, the only way to increase my stash is the famous buy and hodl! My luck is so bad, that if I sell a big amount with the hope of buying lower, it is certain that either the price will never fall below that level again or, I will become greedy and try another trade which will cancel my previous profit. (Well, it may not be only the bad luck or the curse of God, but just the human mentality which tends to become more greedy after each success.) This was tested many times in 2016 and 2017. No matter how many successful trades I made, the profit remains much lower than by just holding for the same period and not selling. Confirmed and verified!   I hope we will see soon the next spectacular bull run but even if we won't, I prefer to live with a hope postponed in time, rather than to lose the hope and live in bitterness! (r0ach is exhibit A for the last type)

[JayJuanGee]

Trading disclosure for peeps who are interested.

My short is very happy now! Unfortunately, I haven't managed to make it even with the long after yesterday's minidump. And I've been too timid in general. I should have made it much larger than the long - even double! With a tight stop on only half of it (evening it out with the long in case of a ramp up, but keeping it nicely plump if/while she kept going down). Well, hindsight is 20/20. I would have been even happier now, and I could have closed both positions with a net profit.

As it is now I'm still in the game, but it will take one more bounce up to make me whole - or some more risk on the short - which at this relatively low price, I'm unwilling to take.

What do you mean by "make me whole"?   Are you valuing your situation in fiat?  If you made some profits from BTC's price going down and you have accumulated some more BTC from BTC's price going down, then relatively speaking, you are better off from BTC's price going down than guys like me who are merely engaging in longs only.  Thus, my whole networth has gone down about the 70% or more as much as BTC's price drop to the amount of my number of BTC's except for the price drop has allowed me to buy more BTC in the sub $8k territory where my next buy orders had been set to buy back about half of the BTC that I had sold in the $8,700 arena.... which those BTC trades are actually buy backs that rise to the level of less than .1% of my BTC value... (that is less than 1/10 of a percent)...

So anywhooooo,  what I am trying to say is that any ability to profit in BTC from shorts is putting you in a better position than those of us who are only engaging in strategies that involving opening and closing longs.

consider what ignored JJG has to say

hahahahaha  

I kind of like this moniker... In my thinking, the only way to improve it would be to add a few more adjectives such as "[the nosey pain-in-the-ass no homo] ignored JJG".  

[El duderino_]

re: My desire to take some profits during this volatility. I'll do 10 corns @ 10k USD regardless, to take a bit of "pressure" off. Sorry for the hmming-and-hawwing back-and-forth on pondering decisions, out-loud.

I'm not really too concerned myself about taking some profit; Rick is nearing retirement within the next year, and is a bit bummed out that corn isn't higher in value, as a hedge for him to ragequit like I did. It would help him calm his tits a bit if our home maintenance account was topped off closer to his anticipated target, for us to get through the next 20 years at least. I'm hoping that by shaving off parts of my stash here and there for some fiat, might calm him down a bit.

Money can be such a bitch to worry about. I've learned to chill out and relax now that I've settled nicely into retirement, but Rick is experiencing some anxiety ahead of his exit, and it's starting to wear on me. Dealing with his "emotional turmoil" at times, takes its toll... The things we put up with for those we love, huh ? Wish the dude would just relax more and not worry about money. It's silly. We've both reached that point in our lives where we've attainted far beyond what we had ever imagined in childhood, but honey-buns just can't seem to learn to "don't worry - trust the plans we have put in place with money management" (Personal: My portfolios are averaging 12% returns so far this year. Only 2.4% in the last 30 days, however.)

Thank you for accommodating the rambling.

via Imgflip Meme Generator

^
Looks like our fabulous dude is setting up some nice moves

[Kylapoiss]

Feeling like a stranger here.

Nevertheless, been stalking almost non-stop, just no time to add anything (like I ever had).

Life's great, never been so busy with work but yeah, more coin.

Keep it up Brothers

[Gyrsur]

re: My desire to take some profits during this volatility. I'll do 10 corns @ 10k USD regardless, to take a bit of "pressure" off. Sorry for the hmming-and-hawwing back-and-forth on pondering decisions, out-loud.

I'm not really too concerned myself about taking some profit; Rick is nearing retirement within the next year, and is a bit bummed out that corn isn't higher in value, as a hedge for him to ragequit like I did. It would help him calm his tits a bit if our home maintenance account was topped off closer to his anticipated target, for us to get through the next 20 years at least. I'm hoping that by shaving off parts of my stash here and there for some fiat, might calm him down a bit.

Money can be such a bitch to worry about. I've learned to chill out and relax now that I've settled nicely into retirement, but Rick is experiencing some anxiety ahead of his exit, and it's starting to wear on me. Dealing with his "emotional turmoil" at times, takes its toll... The things we put up with for those we love, huh ? Wish the dude would just relax more and not worry about money. It's silly. We've both reached that point in our lives where we've attainted far beyond what we had ever imagined in childhood, but honey-buns just can't seem to learn to "don't worry - trust the plans we have put in place with money management" (Personal: My portfolios are averaging 12% returns so far this year. Only 2.4% in the last 30 days, however.)

Thank you for accommodating the rambling.

via Imgflip Meme Generator

^
Looks like our fabulous dude is setting up some nice moves

WO Observer is the Daily Soap for BTCitcoiners.  

[LFC_Bitcoin]

Pull yourself together Bob, damn it!
You will not sell anything below $15,000 or I will hunt you down

Sending love, stop panicking. You & Rick will be fine, we’ll start our ascent in 6 months & you can live happily ever after.

#nohomo

[VB1001]

Crypto Derivatives

What to expect in a fast-changing market
Galen Moore

https://downloads.coindesk.com/crypto-investing/crypto_derivatives.pdf

[Elwar]

via Imgflip Meme Generator

Btw..... one of my best friends is a salesman for BMW, yesterday they had an inspection, they asked where is the gender-neutral restroom......
They didn’t have one.... the guy said better provide one it will be obligated!

Where the F*** are we going at 

It's just (one) result of sick human minds.
Bad news is, we all have this sickness, buddhists call this part of our mind "the ego", which makes us vulnerable to hysteria.
If we continue like that, crippling common sense, we will end up pretty bad as society.

All I need is a few million bucks so I get to choose my own society of healthy people.

Poor fucks will have to interact with those sick people every day, like I have been doing for nearly 10 years...

In Thailand the roles seem still intact. Men make money and bring food home, women take care of children and cook. When I will be rich one day I think Thailand could be a nice place to live.

Stay away from Thailand.

They will try to get your money by giving you a choice between death, life in Thai prison (a fate worse than death) or all of your bitcoin.

The lucky get out while they can.

[bitmover]

re: My desire to take some profits during this volatility. I'll do 10 corns @ 10k USD regardless, to take a bit of "pressure" off. Sorry for the hmming-and-hawwing back-and-forth on pondering decisions, out-loud.

I can't remember who, maybe all of you guys here from WO, saved me last year. I was desperate to sell at the dip, but I was able to see the light and hold it.

Emotions are investor's worse enemy. You know this is not a good time to sell . I am with LFC_bitcoin, not selling before 15k!!

Things maybe in trouble in your personal life, even with a comfortable financial situation. Don't let this interfere with your financial planning.

[Last of the V8s]

oooooooo
am being slow here
is that why they came after Elwar
not because sovereignty issues
but because they heard you were an OG coiner

[JayJuanGee]

Crypto Derivatives

What to expect in a fast-changing market
Galen Moore

https://downloads.coindesk.com/crypto-investing/crypto_derivatives.pdf

Thanks for the link, VB.

I glanced through the article, and even though the title is "crypto derivatives,"  the discussion seems to be almost exclusively about bitcoin in terms of what is the underlying referent "crypto" asset.

I am thinking that the name, "crypto derivative" might be a kind of generic future-proofing attempt rather than any meaningful attempt to avoid the word bitcoin or out of fear of bitcoin, perhaps?

Surely, it could be possible that some of the other cryptos (that we affectionately, and not so affectionately, refer to as "shit coins") could be added to some of these kinds of indexes or the various ways of attempting to measure bitcoin value, changes in bitcoin value and changes in perception of bitcoin value.  The space moves slowly, but sometimes looking back or comparing to other asset classes, we likely can recognize that the space, in regards to bitcoin, moves fast too, and there seem to be a lot of thought and efforts into considering some of these kinds of potential financial offerings that will contribute ongoing and interestingly evolving dynamics to the bitcoin space.

[Fatman3001]

New Plan: Dumping 50 BTC next time we cross $10k USD. Rick approved. He's nervous as well.

Fuck this action.

this is exactly what whales try to force the dump money to do even now at the 8k mark.

don't be the victim be the actor. refuse to be the victim always because it's not good for mentality health to get in this secondary position.

EDIT: sorry, mixed up decline and refuse  (not my mothertongue)

Agreed. Even if you're right and everything goes to shits, you'll probably be so scared and exhausted that you'll buy in higher anyway.

HODL and HODL tight. Ask Rick to clench as well.

[erre]

I usually don't post charts, but I really like this one (copied from here), so I will post it

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I think it should be crystal clear that the next 24 hours are critical.

[JayJuanGee]

Stay away from Thailand.

They will try to get your money by giving you a choice between death, life in Thai prison (a fate worse than death) or all of your bitcoin.

The lucky get out while they can.

Yep.  Especially if you poke them by engaging in arguably illegal conduct.  Go figure?

oooooooo
am being slow here
is that why they came after Elwar
not because sovereignty issues
but because they heard you were an OG coiner

Hahahahahaha

What a convenient spin.   

[JayJuanGee]

re: My desire to take some profits during this volatility. I'll do 10 corns @ 10k USD regardless, to take a bit of "pressure" off. Sorry for the hmming-and-hawwing back-and-forth on pondering decisions, out-loud.

I can't remember who, maybe all of you guys here from WO, saved me last year. I was desperate to sell at the dip, but I was able to see the light and hold it.

Emotions are investor's worse enemy. You know this is not a good time to sell . I am with LFC_bitcoin, not selling before 15k!!

Things maybe in trouble in your personal life, even with a comfortable financial situation. Don't let this interfere with your financial planning.

Problem is that he is overinvested.  Surely, maybe it is not Bob himself, but if he is taking into account considerations of his partner as being valid considerations, then as a team, they are overinvested, and that is why all the seeming waffling and seeming shaving off of relatively large chunks of BTC holdings at seemingly weird and inopportune times.

[bkbirge]

I intend to keep buying. That is all.

[erre]

Stay away from Thailand.

They will try to get your money by giving you a choice between death, life in Thai prison (a fate worse than death) or all of your bitcoin.

The lucky get out while they can.

Yep.  Especially if you poke them by engaging in arguably illegal conduct.  Go figure?

Thailand decided unilaterally it was "illegal" to threat their sovereignty and that elwar and his wife should die for death penalty. They physically removed the "threat" posed in international waters using war boats and even arrested people who helped in the construction. This potentially deathly aggression was decided without the aid of any international institution.

China is making military bases on artificial islands in international waters, and this seems to be fine (or at least debatable) for international law.

Freedom is not something due to us from the states, even first-word democracies. Freedom was a conquer, and it still is. States don't want anyone to be free from their influences, they would prefer to be in control.
Seastanding is something about freedom, and so it is bitcoin.

[LFC_Bitcoin]

I intend to keep buying. That is all.

Just loading my laptop up to buy £800 more. Keep stacking those sats boys!