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

[Lambie Slayer]

We are long overdue for a 1k daily green candle. That will get the real party started.

[xhomerx10]

https://youtu.be/HMUDVMiITOU

[PoolMinor]

$12,314


Almost there, at 12,5 I go full Bull-Tard!

I will then start posting trains and rockets again.

[Lambie Slayer]

20k by Christmas.


via Imgflip Meme Generator

[bitebits]

The Great decoupling^TM
(Gold, S&P 500, Bitcoin and eth, 12 Oct - 20 Oct)

[JayJuanGee]

10000€ yesterday.

I decided to stop my experiment "trading" BTC, after 6 months. It worked about as intended, if the price goes back to what it was in April, I will have grown the starting capital both in BTC and EUR, but my hodler self is taking over so I don't want to sell anymore BTC. I have cancelled all my sell orders and only kept my buy orders. I have a decent EUR stash to buy BTC when/if it goes down again. Next time I do some trading I will probably start with EUR only, with the goal to only grow the EUR stash (and spend the gains buying BTC, for example).

Overall I think I sold less BTC than I would have otherwise, because pumps always made my heart pump, while with this strategy ups and downs led to excitement, but I've had enough excitement for a while. And I believe more and more, with what's happening with central banks, that BTC is destined to go to 6 digits in a few years at most.

I am glad that you have assessed that you have learned from this process and that you believe engaging in such process has likely caused you to sell less BTC overall than what you would have without such strategy.

Still sounds that you structured such overall strategy in a way that was overly emphasizing betting on down and also in that regard selling too much, too soon BTC on the way up..

But, hey, if in the end you learned from the whole process, that is good, and perhaps you might be able to employ again in the future and/or tweak some more in order to make such process even more valuable to your own particular situation.

[bitebits]

^ That is how stubborn hodlers are born, and nocoiners.

Example of a hodler vs. a trader and now nocoiner:
https://twitter.com/swanbitcoin/status/1318585144052207630

[ivomm]

Despite the pathetic attempt to avoid the margin call, over $20 mil shorts have just been liquidated on mex. And many more on the remaining derivate exchanges. Bulls should take easily $12K resistance now... Wait for it ...

It is good to wake up and see that my SOMA prophecy has been fulfilled.   $12K is 60% of the last ATH. An important resistance for the bulls which now can be made into a support. Will the bears try to test it, or they are completely shattered with the last 8 hours 30 mil mex only shorts liquidations? Let's see... but this time I really have a good feeling about it, that the remaining days of 2020 could turn to be quite bullish with series of AYH's incoming.

[Toxic2040]

Despite the pathetic attempt to avoid the margin call, over $20 mil shorts have just been liquidated on mex. And many more on the remaining derivate exchanges. Bulls should take easily $12K resistance now... Wait for it ...

It is good to wake up and see that my SOMA prophecy has been fulfilled.   $12K is 60% of the last ATH. An important resistance for the bulls which now can be made into a support. Will the bears try to test it, or they are completely shattered with the last 8 hours 30 mil mex only shorts liquidations? Let's see... but this time I really have a good feeling about it, that the remaining days of 2020 could turn to be quite bullish with series of AYH's incoming.

SO its your fault...and here I was trying to blame bitebits


hmmph


anyway..new yearly highs do seem possible

#dyor

4h


D

#stronghands

[Heater]

Government Agenda For Digital Dollar Revealed! Is Communism Next?

https://www.youtube.com/watch?v=uX7VpTqXJhY

Bitcoin will be the number 1 escape route to circumvent this madness. Bullish for Bitcoin.

[bitebits]

Hey!

And a just released desktop tool for wall watchers, Kraken owned: https://cryptowat.ch/apps/desktop

[JayJuanGee]

Craving for 14 k today

I will settle for over $12,000 by the time I wake up tomorrow, it’s time for an AYH!

Bitcoin trading dominance hits 2017-levels not seen since $20,000 BTC
The Bitcoin trading dominance has hit a three-year high for the first time since BTC hit its all-time high price of almost $20,000.

source: https://cointelegraph.com/news/bitcoin-trading-dominance-hits-2017-levels-not-seen-since-20-000-btc


well $15k, $18k and $20k break out most of hits $20k 2017-levels nearly. not sure but likely true one day happy year 2020
 break out $20k.

Of course, it is interesting to look at coin market cap for shits adn giggles from time to time, but it is not a very meaningful measurement in terms of trying to figure out whether bitcoin is valuable or the extent to which bitcoin is valuable.. so some people get deceived by their looking at the shadows on the wall of the coinmarket cap cave and  into failing to buy bitcoin a meaningful amount of bitcoin, waiting to buy bitcoin or selling too many bitcoins too soon because they use coinmarket cap as if it were some kind of meaningful indicator of bitcoin value compared to more than 7k shitcoins.

The Great decoupling^TM
(Gold, S&P 500, Bitcoin and eth, 12 Oct - 20 Oct)

I must have missed that....  

especially since king daddy was never coupled...  


go figure?



 




 

Edit:  I realize that the above chart compares bitcoin to gold and equities and also included ETH in there, too...   My above comment was mostly aimed at the gold and equities correlation nonsense which has largely been whimsically spouted out since about March of this year - and of course, having parallels short-term spouting events in various parts of bitcoin's history, too.. especially if bitcoin might be in a short-period of consolidation.. and/or rebalancing...   

Ethereum, on the other hand, is a wee bit of a different story, as an asset class.. because largely ethereum and other shitcoins have been a lot more correlated to bitcoin, and any possibility of their success largely depends upon bitcoin providing them cover.  So the analysis of the correlation, or lack thereof, of ethereum and other shitcoins to bitcoin is somewhat different from such analysis of those more mature assets of gold and stocks.

[nutildah]

[Karartma1]

https://www.youtube.com/watch?v=DB-k5r1XjWI

Now tell me you disagree about having this as a start!

[El duderino_]

https://www.youtube.com/watch?v=DB-k5r1XjWI

Now tell me you disagree about having this as a start!

Let me have this for a start.... In a completely empty COVID-mall

[OutOfMemory]

https://www.youtube.com/watch?v=DB-k5r1XjWI

Now tell me you disagree about having this as a start!

Let me have this for a start.... In a completely empty COVID-mall

the more beautiful side(s) of a pandemic 

[blue Snow]

12k+

[Karartma1]

https://www.youtube.com/watch?v=DB-k5r1XjWI

Now tell me you disagree about having this as a start!

Let me have this for a start.... In a completely empty COVID-mall

Yeah, well, you know, that's just, like, your opinion, man.
Enjoy 

[aesma]

It could be wales. Imagine you have 10000 BTC and millions of dollars in the bank. Why not play with 1000 BTC, pump and profit, dump and profit again ? At worse you might lose a bit, at best you might earn a lot and increase your stashes.

That old conspiracy theory about the Welsh...  I have always though there was a grain of truth in it.

You had good fun with that one. I don't sleep enough these days, and it's not even because of BTC.

^ That is how stubborn hodlers are born, and nocoiners.

Example of a hodler vs. a trader and now nocoiner:
https://twitter.com/swanbitcoin/status/1318585144052207630

Wanting to buy at a good price is laudable, however the problem is going all in/all out, that's a crazy risk. The guy is rich already though so it doesn't really matter. If he owns stuff that will keep some value I mean.

10000€ yesterday.

I decided to stop my experiment "trading" BTC, after 6 months. It worked about as intended, if the price goes back to what it was in April, I will have grown the starting capital both in BTC and EUR, but my hodler self is taking over so I don't want to sell anymore BTC. I have cancelled all my sell orders and only kept my buy orders. I have a decent EUR stash to buy BTC when/if it goes down again. Next time I do some trading I will probably start with EUR only, with the goal to only grow the EUR stash (and spend the gains buying BTC, for example).

Overall I think I sold less BTC than I would have otherwise, because pumps always made my heart pump, while with this strategy ups and downs led to excitement, but I've had enough excitement for a while. And I believe more and more, with what's happening with central banks, that BTC is destined to go to 6 digits in a few years at most.

I am glad that you have assessed that you have learned from this process and that you believe engaging in such process has likely caused you to sell less BTC overall than what you would have without such strategy.

Still sounds that you structured such overall strategy in a way that was overly emphasizing betting on down and also in that regard selling too much, too soon BTC on the way up..

But, hey, if in the end you learned from the whole process, that is good, and perhaps you might be able to employ again in the future and/or tweak some more in order to make such process even more valuable to your own particular situation.

If the price never goes down from here then it would have been a "mistake", but not too costly. I'm still well in the price range I had set up, but I realize now that when the price is low, we find that twice or thrice that price would be great already. When we're two thirds of the way to that doubled price, things look different.

I could buy back at current price and "take the loss" but then I might also regret having done that, so I will let things play out, if the price never goes down I will find a use for the cash.

[P_Shep]