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

[Arriemoller]

If you're not on the verge of death, there's no need to go to a hospital.

Fix a broken bone or whatever...

Most of the time going to the hospital is worse for you than staying home and taking care of yourself.

wait till youre a boomer with a 15 page med list, 14 specialist MDs, a list of conditions and operations, some so cutting edge that they have been published.

without regular labs and MD visits.. well thats life support for some of us.

@Ibian, youre welcome.  well no, thats a lie.

No way I would burden myself, my insurance company, and by proxy, every other person's premiums, or society in general if I had those kind of problems. I'll just have to let life (or death) run it's course when I get that far gone. You know, take it like a man, instead of living on life support.

Boomers have been fucking over everyone else for more than 50 years.  Why stop now.  

I've been gone six months or so from the thread and you're still mr.millenial over here, what a shame.

So do you have any arguments? Have, in fact, boomers NOT been fucking over everyone for more than 50 years? What is your position on this matter?

Ibian, sometimes you are just extremely tiresome.

[1702202165]

1702202165

[vapourminer]

If you're not on the verge of death, there's no need to go to a hospital.

Fix a broken bone or whatever...

Most of the time going to the hospital is worse for you than staying home and taking care of yourself.

wait till youre a boomer with a 15 page med list, 14 specialist MDs, a list of conditions and operations, some so cutting edge that they have been published.

without regular labs and MD visits.. well thats life support for some of us.

@Ibian, youre welcome.  well no, thats a lie.

Nah, my family tends to treat everything naturally. Most family members die around 100. Medical doctors are for when you're ready to die. Or you're in an accident.

I've never had an aspirin in my life.

Hospitals are not as sterile as they would have you believe. Go there if you want to catch Coronavirus.

i could probably cure my minor health concerns just by eating healthier and exercising. so there is that.

there is one condition of mine however that, while it wont kill me any earlier (sorry Ibian) it does impact my way of life in an unfortunate way. so followups and such are mainly for that.

an that post was a bit sarcastic. i would not want to live like that either. but having worked in medical, i actually saw stuff like that.

[VB1001]

Ibian, sometimes you are just extremely tiresome.

We all know what happens when you are young, you think you are invincible and immortal, but the course of life brings you back to reality.

I'm not drunk, I don't smoke weed, but I wrote a message too deep, it's age.

[BitcoinNewsMagazine]

It is good to zoom out and look at weekly charts to avoid noise. A weekly Bitstamp chart shows just how precarious BTC/USD price is. It could fall out of the cloud at any time and next support level is $7000.



A green weekly candle so far is positive but we really need to continue advancing and get above the weekly cloud.

[jojo69]

smells pumpy

[Phil_S]

Nuh. Smells like more sideways.

[goldkingcoiner]

It is good to zoom out and look at weekly charts to avoid noise. A weekly Bitstamp chart shows just how precarious BTC/USD price is. It could fall out of the cloud at any time and next support level is $7000.



A green weekly candle so far is positive but we really need to continue advancing and get above the weekly cloud.

Reverse Fibonacci, not using 20 60 120 30 Ichimoku, not using Heiken Ashi to read the weighted volume going down, instead relying on an undeveloped candlestick...

REEEEEE!

[Last of the V8s]

[jojo69]

my money's on the Mexicans

[Paashaas]

Coronavirus update:

- There are 97,070 confirmed cases worldwide, including 3,351 deaths.

- 84 countries infected. South Africa, Boznia & Herzegovina, the West Bank, French Guiana and Slovenia added.

- large increase in cases in Italy, from 3,089 to 3,858, fatalities from 107 to 148. Cases in Greece +200%, Belgium +120% & Netherlands +100%.

- Italian government orders all sporting events to take place without fans until April 3.

- 11 new cases of coronavirus in Westchester County, first 2 cases in San Francisco and 2 new cases in New York City. Tennessee and Nevada reporting first cases. California declares state of emergency.

- Lebanon sees cases double to 31, Norway 72. Switzerland reports first death and 80 cases.

- Seattle closes 26 schools.

- Japan will suspend existing visas for visitors from China and South Korea and quarantine them for two weeks.

- HSBC evacuates London office due to confirmed coronavirus case. First death in the U.K, 115 infections.

- India will close all schools in Delhi for the rest of the month.

- Iran announces all schools and universities will be closed for a month. Outbreak happening in Iranian prisons, goverment will release 54,000 prisoners ''temporarily''.

- Greece closing schools and universities and cancelling large public gatherings.

- Hong Kong dog diagnosed with "low-level" coronavirus infection, first case of a likely human to animal transmission.

- Travel sector collapses.

- Israel orders quarantine for arrivals from France, Germany, Spain, Switzerland and Austria.

- Chinese scientists claim that the Covid-19 virus has probably genetically mutated to two variants: S-cov & L-cov. They believe the L-cov is more dangerous, featuring higher transmitibility and inflicting more harm on
   human respiratory system.

- European bank stocks are down 25% in 13 trading days. U.S 10-year treasury yield to a new all-time low, stocks are collapsing again.

- All mosques and churches closed in area of Bethlehem.

- Covid-19 spreading route is already unstoppable.

[JayJuanGee]

Right, it’s low enough now. Logging onto laptop to buy 0.5BTC.

Thank you for your service.

I’ve bought 4 BTC so far this week. Because incremental ladder trading.

Wow, 4 whole coins this week. You wrote btc - as in bitcoin, with no other qualifiers. If I got it right, there goes a little haiku for you.

That's just, like, you know
five days and a weekend, man
Congratulations!

Yes, BTC.

Just buying back the coins I sold (for more USD) on the way up. Incremental laddered standing orders FTW.

Good breher is getting some sense.... now forget the worthless forks and be a true coiner in its purest form once again!

What? I’ve been buying (and selling) BTC in laddered incremental standing orders since years. Nonstop. Bought yet another 1 BTC earlier today. Because that’s what the strategy calls for. Nonstop.

Incidentally, these buys were not funded via sells of BCH, BSV, nor any other coin. They’re on their own ladders. Because that’s what the strategy calls for.

I had been thinking about responding to this post for about a week, jbreher; however, I had just been getting caught up with other matters before I was able to actually type out a message.

I suppose that in the past week, you may have added more to your position, too, jbreher.  I recall that I had around 16 buy orders fill when  I first saw your post, but then I had a couple more fill within the past couple of days when we dipped down to $8,410.

So, yeah, it has been a pretty productive buying session (not sure if it is over yet), even though this time around it had taken nearly a $600 drop before any of my buy orders even began to trigger, but in the end we got a decent amount of correction and my sell and buy orders hit this one pretty well in a kind of best case scenario way. 

Seems that I am playing with a smaller portion of my holdings than you, though.. not that I have any precise information about your total holdings, beyond some internal conjectures.. that may or may not be accurate.. not that they are specifically relevant to the whole scheme of things in terms of overall strategies.

So, yeah, currently, getting pretty damned close to hitting sell orders in the $9,300 area, even though, you have likely already been hitting sell orders, since you seem to be continuing to play both tighter spreads and tighter increments than me, too.

[El duderino_]

@jjg its Thursday, if there is one day not to return... then its today!

[JayJuanGee]

JJG is silent....

No I am not.

 


Just have some things that I am doing, which causes me to not be able to talk as much with my fingers.  

      

Yep... exactamente... difficult to type when hands are full.    

JJG is silent....

No I am not.

 


Just have some things that I am doing, which causes me to not be able to talk as much with my fingers.  

Mrs Jay bossing you around at home?

hahahahaha

Good one, JSRAW....

What I had been doing was completely voluntary, but there was a bit of other peep(s) involved that sometimes ended up causing a bit of involuntariness (and compromise(s)).... and also, coincidentally, a couple of short-lived incidents with damaged tires that took a bit longer than expected to resolve but with completely reasonable and favorable resolutions.

JJG is silent....

No I am not.

 


Just have some things that I am doing, which causes me to not be able to talk as much with my fingers.  

DONT KEEP US IN SUSPENSE

what is it??? is it reproducible???

asking for a friend

Largely, it's coming from me, so I doubt that you can cause it from the outside.... but I am expecting a decent amount of similar phenomenon's into the future...... no guarantees, of course.

[edited out]

First female contact = happening

Seems that I am much older than you, dude... so you should not be too presumptuous about any of your speculations in this direction.

[jojo69]

I had been thinking about responding to this post for about a week, jbreher; however, I had just been getting caught up with other matters before I was able to actually type out a message.

oh dear lord

for our meager blessings we give thanks

[Paashaas]

A power plant in New York’s Finger Lakes region has set up its own Bitcoin mining operation, using the electricity it produces to generate about $50,000 worth of the virtual currency every day.

Atlas Holding LLC, the private-equity firm that runs the operation, has installed some 7,000 crypto mining machines at the Greenidge Generation plant in recent months that can mine about 5.5 Bitcoins per day. The 65,000-square-foot facility in Dresden, New York, was built in 1937 as a coal plant and later converted to natural gas.

[Ibian]

If you're not on the verge of death, there's no need to go to a hospital.

Fix a broken bone or whatever...

Most of the time going to the hospital is worse for you than staying home and taking care of yourself.

wait till youre a boomer with a 15 page med list, 14 specialist MDs, a list of conditions and operations, some so cutting edge that they have been published.

without regular labs and MD visits.. well thats life support for some of us.

@Ibian, youre welcome.  well no, thats a lie.

No way I would burden myself, my insurance company, and by proxy, every other person's premiums, or society in general if I had those kind of problems. I'll just have to let life (or death) run it's course when I get that far gone. You know, take it like a man, instead of living on life support.

Boomers have been fucking over everyone else for more than 50 years.  Why stop now.  

I've been gone six months or so from the thread and you're still mr.millenial over here, what a shame.

So do you have any arguments? Have, in fact, boomers NOT been fucking over everyone for more than 50 years? What is your position on this matter?

Ibian, sometimes you are just extremely tiresome.

hashtag notanargument

[JayJuanGee]

I had been thinking about responding to this post for about a week, jbreher; however, I had just been getting caught up with other matters before I was able to actually type out a message.

oh dear lord

for our meager blessings we give thanks

All good things must come to an end...

At least, that is what "we" are told.

 

is anybody so kind and explain or send me the link to the DCA strategy please?

oh man jjg will be here soon

be ready

I am sure glad to be missed... Thanks.. vapourminer...      

I am going to hold back in making any substantive response to Gyrsur's post currently because 1) he framed the question quite weirdly... "the DCA strategy"... hahahahahaha  have you heard of such a thing?, 2) there's 60 pages between my current readings and the current postings, so a) I am quite behind, and b) I have some confidence that either i) some charitable member has attempted to answer Gyrsur's question or ii)  Gyrsur has reasked the question in one or more of the subsequent 60-ish pages.


Edit:

You see (see below).  I told you that some member would respond... that was the one that I mentioned above as option 2)b)i)...... Thank you Xhomer....

is anybody so kind and explain or send me the link to the DCA strategy please?

BTW, we should start something where the WO terms are explained to Newbies like me.

 Dollar cost averaging is simply deciding how much you want to invest and then dividing it into regular contributions over a given period of time.

ie I want to invest $8000 this year into Tesla so I will make biweekly contributions of $307.69.  

 This method is supposed to lower your risk with respect to volatility but imagine doing that with a stock that continues to lose value over time - you're giving away your money.
I think the DCA strategy only works when markets are in an uptrend... but I'm no expert.
 
edit: JJG?

I agree with everything that you said xhomer.... the only two clarifications that I would make is:

1) the $307.69 per every 2 weeks from a hypothetical $8k budget suggests that the hypothetical person is spreading their DCA value injections over a full calendar year (26 times).   I took out my calculator to verify your numbers.

2) DCA is o.k. with UP, DOWN, SIDEWAYS or whatever, it does not matter; however it presumes both that the investor a) has inabilities or unwillingness to predict the market price and b) overall, in the long run, the value of the asset is going to go up, at least that you would be able to cash out at profit at some point.  

If the investor does not have enough confidence in an asset that they believe that it is going to go above their cost per unit at some point after DCAing for a while, then they should not be investing in such asset in that kind of DCAing way.  Using DCA is usually intended as a long-term kind of investment strategy, but employing DCA still would not mean that the investor is locked into investing in the long term, especially if the investor loses confidence in the chosen asset in the future (sometime after beginning DCAing)....

Of course, all of us hear that we should buy high and sell low, which surely is a true concept if we can achieve it, so it is always preferable to be able to cash out of any investment, whether incrementally or in lump sums at a profit, so DCA has the best odds of allowing investors who don't really know about short term price movements to employ a strategy that increases their chances of having some time in the future in which they can cash out at profits, but of course, profits are not guaranteed, even by using solid DCA strategies, and if the investor comes to the conclusion that his/her investment is no longer viable, and is not going to recover from whatever downtrend or ever increasing downward spiraling, then DCA would not stop them from pulling out of their investment completely at some point that s/he perceives to be best for him/her.

Sure, bitcoin has downward spirals and extreme negative price points for extended price periods, so some people might decide to pull out of their investment and even their DCA plan at the worst time and when BTC prices are the best, but that would just mean either that they invested too much, or they did not have sufficient confidence in the long term viability, because they were shaken by the extremes that can happen, and of course, even with bitcoin there continues to be no guarantee that it might not end up in a never ending downward spiral, but if you do not invest more than you can afford to lose, then you would not be scared to either ride BTC prices all the way down to zero or even to continue to follow your DCA plan.  You could end up being wrong and losing anything, or becoming richie (or more richie) because you continue to buy all he way down and when the BTC price recovers while you were able to bring down your cost per BTC during that whole negative price performance period.

Edit 2:

[edited out]

DCA strategy works in long term. DCA is all about avoiding your market entry timing. It doesn't have anything to do with uptrend or downtrend. If you believe that a project will excel over long term, instead of timing the market you could go for DCA. If you use DCA and still end up in loss long term that just means that your investment choice is poor.
Hope I'm not wrong.

I agree with this akhjob assessment, too.

[Raja_MBZ]

... plant in recent months that can mine about 5.5 Bitcoins per day.

I love halvings.

[JayJuanGee]

@jjg its Thursday, if there is one day not to return... then its today!

days of the week remains an arbitrary social construct concept.

You should realize by now that there are many bitcoiners who do not buy too much into arbitrary social constructs, including yours truly.....  

 

[OutOfMemory]

smells pumpy

I agree (when looking at short timeframe charts). So if there's no pump within the next couple of hours, i guess it's sideways again (or bart finishes his haircut soon).