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

[2020VISION]

To my fellow UK citizens -

TIGER KING VACCINES WHEN? :-D LOL

[JayJuanGee]

Thanks guys, I thought it was about arbitrage...

So, you're saying that the price equalization is actually caused by players using bots to take advantage of price differences between exchanges. Makes sense. I thought (just guessing here) that maybe the exchanges themselves had some sort of mechanism in place to prevent this. Also, the time it takes to transfer funds between exchanges would work against it.

Too complicated. Just HoDL and wait. Works for me.

I doubt that arbitrage is the full explanation because like you said, if there is large movement, then many exchanges do that at the same time, and arbitrage would prevent that from happening, somewhat.

But, I think that the concept of arbitrage and bots does play into the idea that there is a lot of realtime monitoring of exchanges by both bots and by real people, so when the price moves a lot on one exchange, people do not want to get screwed on another exchange because they did not keep up and they were overpaying because they did not keep up with what is going on on other exchanges.

Now sometimes some exchanges will get left behind or they will try to move the BTC price in one direction or another, but sometimes the other exchanges do not follow because they have likely learned (somewhat) from such trickery that happens by some exchanges that are either less liquid or less credible... but sometimes the activities on major exchanges will end up following the smaller exchange because the players might end up learning that the activities on the smaller exchange was contemplating a piece of information or news that the BIGGER players had not recognized or understood.

Of course, there can be a lot of advantages for those players who really are able to take advantage of how the compile and interpret information, and of course, with the passage of time, we expect some of the chicanery to lessen because more markets result in more liquidity and of course larger market cap becomes harder to move, too, but of course, bitcoin is still a small as fuck market (even while it is the BIGGEST of the cryptos), so hard to see major lessenings of the Bitcoin price manipulations and craziness for a couple more halvenings, at least, even if the tools (whether information or actual coin movement) and the quantity of capital is likely to continue to move in the upwards direction.

For sure, I am just speculating too, and I don't really have any ability to really understand details, either, and of course, many of the BIGGER players are going to understand these various dynamics a lot better, and sure even some of them are going to get screwed from time to time when they miscalculate what they think that their manipulating little asses can accomplish and then they get flanked by either some other BIG player or perhaps the masses at large do not end up buying into their manipulation attempts.

[serveria.com]

I think Tuesday and wednesday will break 10k, theres a lot of fomo, news coverage etc. But what do i care, im just a HODDLER for life. I live my life satoshi by satoshi

That's why last week you sold all your BTC at $7,900 and were waiting for $7,800, but then you decided to buy back in at $9,400.

It should all work out in the end, as long as you can actually figure out some of the basics, such as HODL, DCA and buying on dips...

Of course, you can go beyond the basics, too, but best to figure out some of the basics before attempting to employ more advance tips.. just saying... 


 

Suddenly, I realized that even if BTC won't moon during my lifetime and I will die with my stash unused I won't regret it. I guess it's the highest level of HODL. 

[Raja_MBZ]

Tesla And Bitcoin Have More In Common Than You Think

https://www.forbes.com/sites/leeorshimron/2020/05/05/tesla-and-bitcoin-have-more-in-common-than-you-think/#4d93b08814e7

[JimboToronto]

Good Morning all and happy cinco de mayo.   I hope everyone is safe and sound and doing well today...and that you are in good spirits.

Buenos dias Toxic.

Great spirits here. I don't usually start drinking in the morning but today mi amigo dropped by with a dozen Cerveza Bohemia Clara (4.7% abv vs. 4.9% for Bohemia Oscura). Yummy. Maintained 2 meter distancing. Beer has a way of finding its way through, even during an emergency.

Cinco de Mayo? Nobody GAF around here. It's mainly una fiesta Americana, although it is celebrated in Puebla, where the battle against the French occurred that it commemorates. In the rest of Mexico it's a non-event.

Makes me want to get some shitty tourist beer in clear bottles and maybe some Old El Paso brand processed junk food and sing Cielito Lindo and La Cucaracha.  

[OutOfMemory]

Today i finally jumped it and threw my money at an Asus Zenbook UM431 with a Ryzen5 (Good bye, Intel - i hope i won't miss u).
Mainly because of the slightly bigger dimensions than the newer UM433 models and the better bottom vent placement.
At about $600 without windoze, it's OK for me, but that's still some fiat i didn't invest into corn, on the other hand.

I hope you got 16 GB RAM. 8 GB just doesn't cut it anymore. Ryzen laptops are nice.

I got 8, like in my current laptop. It's sufficient for my uses, if i don't have more than hundred tabs opened in the web browser.
They didn't offer the 16GB model on discount, so i didn't care to take the bargain priced one instead.

[Hueristic]

Simple (and possibly really "noob") question about exchanges:

When there is a big green (or red) dildo on the BTC/USD chart of an exchange (say, due to one big whale's move on that specific exchange), how is it possible for nearly all other exchanges, and even different fiat currency charts (BTC/EUR, etc.), to also reflect that move almost instantly? Shouldn't that specific move affect only the exchange on which it was made? At least in the short term?

It seems to me that all exchanges are somehow linked together, so that a move on one of them near-instantly affects all others. I wonder if there is an established inter-exchange system of price equalization (possibly a proactive measure to prevent arbitrage), or if the observed price equalization just happens naturally due to the global market itself (i.e., the "law of averages" taking place).

Have always wondered about this... Any insights appreciated.

Arb is a natural occurrence of a free market and if the exchange itself doesn't set it up then it will be handled by profit seekers.

[FIFA worldcup]

[bitebits]

@JJG

Once you get to your 20th thousand post, with a bit of persistence right at the third halving, will you bundle them into a book? Or maybe even better a trilogy? Historians could study it for many years to come.

[Cryptotourist]

@JJG

Once you get to your 20th thousand post, with a bit of persistence right at the third halving, will you bundle them into a book? Or maybe even better a trilogy? Historians could study it for many years to come.

Shhh, you're out of order, even suggesting this, is enough to trigger an anger spiral of reboots.

[JayJuanGee]

I think Tuesday and wednesday will break 10k, theres a lot of fomo, news coverage etc. But what do i care, im just a HODDLER for life. I live my life satoshi by satoshi

That's why last week you sold all your BTC at $7,900 and were waiting for $7,800, but then you decided to buy back in at $9,400.

It should all work out in the end, as long as you can actually figure out some of the basics, such as HODL, DCA and buying on dips...

Of course, you can go beyond the basics, too, but best to figure out some of the basics before attempting to employ more advance tips.. just saying... 


 

Suddenly, I realized that even if BTC won't moon during my lifetime and I will die with my stash unused I won't regret it. I guess it's the highest level of HODL. 

Of course, if your death comes suddenly and unexpected then that would be a result that is within reasonable expectations; however, in my thinking there should be some desires to attempt to die with zero, or close to zero (of course, without over extending yourself in such a way that causes you to have to suffer in your old age).

So, if you are really young, you might not have any kind of realistic timeline in terms of how your demise might go or even when it might begin, yet sometimes decently old people also error on the side of overpreparing for calamity, when they should likely attempt to spend some of their wealth while they are young enough to have energy to enjoy it..

For example, I would think that it does not do a whole hell of a lot of good to be able to buy 100 hookers per day when you are 85 years old if you are having performance issues that you would not have had in earlier years.

[JayJuanGee]

@JJG

Once you get to your 20th thousand post, with a bit of persistence right at the third halving, will you bundle them into a book? Or maybe even better a trilogy? Historians could study it for many years to come.

I wrote some long thesis papers in my earlier years, and I even had jobs that had required detailed (and sometimes extensive and lengthy discussions of various points).

Surely focusing on something that is already done (such as posts) could allow for less deviation into too many topics, which has tended to be one of my real world writing struggles, especially when I ended up putting together larger pieces of work that had required the treatment of multiple themes of topics (so far unpublished)...

In any event, you are correct with any kind of suggestion that sometimes there could be some value in ending up (or working towards) some tangible piece of work rather than just stringing together various threads of discussion within the interwebs.  So thanks for that possible angle.

[Globb0]

https://twitter.com/Bitit_Gift/status/1257680952316137473

Only the most patient people will get through it!

I never really understood this image, like bruh the first guy hasnt found the diamonds either , its possible he gives up right before he finds diamonds too? Just me?

Diamonds are worth shit now. They can make them in the lab. That's the true warning

[AlcoHoDL]

I’m sorry .... I was one short to hero your ass

It's nice to see that the constant hats on the thread go up in rank.
Congrats! AlcoHoDL

When I noticed he turned into a hero member, I instantly started him off on his lonnnng rooooad to the next one with giving him my last smerit.
Congrats to you AlcoH0DL!

What can I say guys... I'm humbled and thankful to all WO members, for the good vibes, the witty discussions, educating me about Bitcoin, the HoDLing culture which has now become my permanent strategy and motto, learning about some weird stuff I dare not speak about, and, of course, for proudly wearing an xhomerx10 original. You're part of my life now, and always will be, no matter if we moon or doom.

[JSRAW]

Yeah, love you too  #slightlyhomo

 

[Indymoney]

Yeah, love you too  #slightlyhomo

 

Is love still availabble in lock down

[Last of the V8s]

Yeah, love you too  #slightlyhomo

 

Is love still availabble in lock down

https://www.theguardian.com/uk-news/2020/may/05/uk-coronavirus-adviser-prof-neil-ferguson-resigns-after-breaking-lockdown-rules

apparently it is, but you might lose your job chasing it

[xhomerx10]

Yeah, love you too  #slightlyhomo

 

Is love still availabble in lock down

https://www.theguardian.com/uk-news/2020/may/05/uk-coronavirus-adviser-prof-neil-ferguson-resigns-after-breaking-lockdown-rules

apparently it is, but you might lose your job chasing it

 lol sage indeed.

[JSRAW]

https://whatismoney.info/us-dollar-vs-bitcoin-monetary-system-infographic/

[cAPSLOCK]

Knock-Knock...