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

[DaRude]

one moon pic on the previous page and one rocket on this page.
IT's STILL GOOD
buy Buy BUY!

We agreed on a moratorium banning CCMFs, moons, rockets etc... until after (yet another) $1k party, then it's game on

[adamstgBit]

one moon pic on the previous page and one rocket on this page.
IT's STILL GOOD
buy Buy BUY!

We agreed on a moratorium banning CCMFs, moons, rockets etc... until after (yet another) $1k party, then it's game on

Lol
well then...

[adamstgBit]

we've reached a technical resistance line.



i feel confident we will break this line and the price will rise futher in short order.
volume will continue to grow as the rally continues to gains and sustains more momentum.
we'll see a 50K green volume bar and know the "top" is close-ish

i'm targeting 520-650.

[adamstgBit]

https://www.youtube.com/watch?v=xaV1-YC11yk

[USB-S]

I trust this graph. The ratio of green stars to red boxes is exactly correct. I double checked. We very well may have our schematics for a successful launch.

[r0ach]

https://www.youtube.com/watch?v=xaV1-YC11yk

Are you leveraged or not

[adamstgBit]

Are you leveraged or not

i'm not, never touched leverage...

i just like to be dramatic

[r0ach]

Are you leveraged or not

i'm not, never touched leverage...

i just like to be dramatic

Correct me if I'm wrong, but rates are currently around $250 fee per $10,000 BTC borrowed for 3 months (assuming you don't get raped by some variable interest rate during a run)?

[adamstgBit]

Are you leveraged or not

i'm not, never touched leverage...

i just like to be dramatic

Correct me if I'm wrong, but rates are currently around $250 fee per $10,000 BTC borrowed for 3 months (assuming you don't get raped by some variable interest rate during a run)?

leverage is not useful for me
i have money in the bank and bitcoins in my pocket
i never trade with more than like 20% of them at one time
if i wanted to leverage i'd "lend myself" $ or BTC

i'm more of an investor then a trader, i will catch some tops or bottoms and take profit (try to anyway) along the way but primarily i HODL or i'm "balancing my holdings", ( ex. a few weeks ago i sold a few because i didnt like the direction bitcoin was taking segwit +LN + maintain extremely low requirements at all cost  ). i guess that was misguided... meh wtv.

[r0ach]

leverage is not useful for me
i have money in the bank and bitcoins in my pocket
i never trade with more than like 20% of them at one time
if i wanted to leverage i'd "lend myself" $ or BTC

but lambos?

[adamstgBit]

leverage is not useful for me
i have money in the bank and bitcoins in my pocket
i never trade with more than like 20% of them at one time
if i wanted to leverage i'd "lend myself" $ or BTC

but lambos?

want a lambo?
easy what dose that cost like 200,000$?
go to the bank barrow 200,000$ put it all on red, win, pay the bank back
and then go buy a lambo with the profits!

i'd feel too nervous placing so much money at risk for a move up or down on the bitcoin market at any given time... any market. i just dont have the balls.

MAYBE if we truly bubble and i can see clear as day a correction is imminent i'll sell all my bitcoins and borrow more to sell more, and then buy back on the first swing down.

if i wasn't so risk adverse i'd be pretty rich right now, but i did the sensible thing and cashed in large sums of bitcoin here and there as price rose, and rose and rose and then exploded.

you need balls of steel to be able to place all your money + barrow some more to place a bet on the market...

[billyjoeallen]

Six blocks in the last 22 minutes. that will keep the mempool reasonably empty until difficulty gets adjusted.

There must be a shitload of 14nm miners coming on line. I just wish they all weren't in China. The higher Bitcoin goes, the more tempting of a target it is for the PRC unless the same party apparatchiks are using Bitcoin themselves to skirt the capital controls.

[JayJuanGee]

leverage is not useful for me
i have money in the bank and bitcoins in my pocket
i never trade with more than like 20% of them at one time
if i wanted to leverage i'd "lend myself" $ or BTC

but lambos?

want a lambo?
easy what dose that cost like 200,000$?
go to the bank barrow 200,000$ put it all on red, win, pay the bank back
and then go buy a lambo with the profits!

i'd feel too nervous placing so much money at risk for a move up or down on the bitcoin market at any given time... any market. i just dont have the balls.

MAYBE if we truly bubble and i can see clear as day a correction is imminent i'll sell all my bitcoins and borrow more to sell more, and then buy back on the first swing down.

if i wasn't so risk adverse i'd be pretty rich right now, but i did the sensible thing and cashed in large sums of bitcoin here and there as price rose, and rose and rose and then exploded.

you need balls of steel to be able to place all your money + barrow some more to place a bet on the market...

I don't like leverage either, because it is too much like gambling with something that is very highly capable of being manipulated... and manipulations can take place to truly screw us over (especially with leverage).

Maybe without leverage, we are not going to get rich from BTC market movements; however, we now know that bitcoin is capable of 10x(s)... and we should be able to do very well with BTC with anything approaching a 10x... even a 2x or a 5x...   Anyhow, since there have been several 10x(s) in the past, and there remains considerable potential for at least a couple more 10x(s), we should put ourselves in such a position to profit from such, if considerable upwards movement(s) were to occur...

Probably, we have to play to preserve our capital sufficiently in case there is not any additional 10x(s); however, since we know that 10x(s) are reasonably possible, we still need to sufficiently prepare our BTC investment portfolio(s) for those kinds of possibilities. 

In other words, like you describe, try to take measured and small profits along the way, and do not sell all or a large portion of BTC merely based on a 2x or a 5x price movement, unless there is fairly convincing information that a 10% or so correction is occurring.. even though it may be a good idea to sell some of them, maybe up to 50% at various stages. and maybe allocate some of the sales proceeds for taking off the table completely and some for buying back.   

[shmadz]

Six blocks in the last 22 minutes. that will keep the mempool reasonably empty until difficulty gets adjusted.

There must be a shitload of 14nm miners coming on line. I just wish they all weren't in China. The higher Bitcoin goes, the more tempting of a target it is for the PRC unless the same party apparatchiks are using Bitcoin themselves to skirt the capital controls.

You're still moaning about this shit?

If you are actually worried about China you should just sell all your bitcoin and quit whining already.

Sheesh.

[billyjoeallen]

Six blocks in the last 22 minutes. that will keep the mempool reasonably empty until difficulty gets adjusted.

There must be a shitload of 14nm miners coming on line. I just wish they all weren't in China. The higher Bitcoin goes, the more tempting of a target it is for the PRC unless the same party apparatchiks are using Bitcoin themselves to skirt the capital controls.

You're still moaning about this shit?

If you are actually worried about China you should just sell all your bitcoin and quit whining already.

Sheesh.

You told me to sell all my bitcoin at $375. Fuck you.

[r0ach]

Floor is $440 now btw for anyone hoping to buy lower.  These walls on Cornbase won't be pulled and there's no real rush to cash out on Finex.

[Hunyadi]

Where is rpietila? Rally doesn't feel the same without him.

[r0ach]

Six blocks in the last 22 minutes. that will keep the mempool reasonably empty until difficulty gets adjusted.

There must be a shitload of 14nm miners coming on line. I just wish they all weren't in China. The higher Bitcoin goes, the more tempting of a target it is for the PRC unless the same party apparatchiks are using Bitcoin themselves to skirt the capital controls.

You're still moaning about this shit?

If you are actually worried about China you should just sell all your bitcoin and quit whining already.

Sheesh.

You told me to sell all my bitcoin at $375. Fuck you.

Don't sell until you see a triple top above $1200

[lokojones]

[Tzupy]

Already posted this possibility 3 days ago, but it will only become true if the market defeats resistance at 480$ and holds above for a while.
Can Huobi and OKCoin drag the western exchanges up with them? Maybe, or maybe not, we shall see during the next month.