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

[Elwar]

Here you go R0ach, some gold hating crypto porn from Mises:
https://mises.org/blog/why-cryptocurrencies-will-never-be-safe-havens

Great read, for example:

Bitcoins should be regarded as assets, or really equities, not as currencies. They are each little business plans — each perceived to create future value.

Hilarious read if you want to read some commodity investor desperately trying to tell why Bitcoin has no value but really has no idea what Bitcoin actually is.

[Elwar]

I was looking at some old test transactions I did for my Bitpools site. I noticed that one address has .009 bitcoins in it. Now do I want to go through the trouble of tracking down where I put that private key? I guess I need to do some spring cleaning.

[gizmoh]

 Roach, the jew hating white supremacist , still shilling from silver-tardness.   

[r0ach]

Roach, the jew hating white supremacist , still shilling from silver-tardness.  

It sounds like someone needs to be liberated by the dodge challenger of freedom.

[machasm]

Profit taking or dumping at the moment?
Was 4400 the top or is there any more steam left in this bull?

[jojo69]

hard to say, we bumped that major fib...if it breaks down out of this channel on volume the shorts will pile in and who knows

[AlexGR]

Target price 1 BTC = $9840... The Silver Eagle monster box:

500-Coin Silver American Eagle Monster Box (Sealed) / Any Qty: $9,840.00

[JayJuanGee]

If it hits 5k I'm gonna crack like a walnut.....before Jan 1st I'd be gone...(and I could justify selling some of my 'crypto babies" as a hedge against dreaded tulips (unlikely
but I've used dumber justifications to blow $$$ on dubious projects...like in 2013 when I got the KNC 550gh Jupiter BTC ASIC Miner

ack! I hate making 'adult' and 'prudent' decisions....

Bear in mind your CPA probably knows 0.00001% what you know about crypto.

Gone as in sell all your crypto? I'd recommend the JJG method of selling in very small increments at a progression of price points. Don't do anything rash you will later regret ...

It's good to be famous with "my own method" that I stole from Warren Buffet....don't say that the poor cannot steal from the rich.     (the opposite of the usual, no?)

[spiderbrain]

hard to say, we bumped that major fib...if it breaks down out of this channel on volume the shorts will pile in and who knows

Hmm, there is still fear in this thread. Bullish!

[JayJuanGee]

The sell wall on Gemini at $4125 started at about 1k btc about 20 minutes ago, and it looks like it is getting eaten away slowly.  I feel like making a buy, just to contribute to the cause.  It is down to 448 BTC as I type, but even if I made a BIG purchase (for me), it would not make a big dent in the wall.


Edit:  Hahahahaha.. Finally I may have done a good thing for everyone, including myself.  I watched the wall, and it suddenly went down from 433BTC and down to 18BTC, and I made my pounce, especially since on my other screen, I could see that Stamp had about $100 premium with new ATH movement. My small contribution at the bargain price of $4125.  Now, I gotta figure out when to sell because that was outside of my regular practices?  Maybe sell little by little starting around $4250?  or is that too conservative?

Just curious, its real trade or just some "magic trick" like some news that i read before

Well, I think that skepticism is good, but we also have to have some faith regarding events in the real world too, no?   I am saying what I saw, and what I did.  I do believe that someone else or a group was behind what I was seeing, and when I saw the wall suddenly disappear, I could determine that the chances were pretty high that the price was going to immediately go up 1-2% so seemed like a good opportunity to make a quickie short term profit, and within minutes after the coins for sale were pulled, the price went up 1-2%, and took a few hours for all my orders to fill which were between 1.5-4% above my buy rate... Not any kind of killer profits, but a bet that I was willing to make based on overall dynamics, and since I was playing around outside of my usual system, I wanted to be fairly conservative and close them early and lock in profits (because I have found that sometimes it just backfires when a person tries to be too greedy).  By the way, my trading fees were about .2% to buy and then .2% to sell, so have to subtract .4% from the total price difference in order to calculate profits, which would be a measely 1.1% to 3.6%.. hahahaha.. pretty small, but still fun to have a little extra rolled into my portfolio... plus one for the little guy.   

[becoin]

It's very frustrating! Why isn't there new ATH today? Is Bitcoin dead?

[JayJuanGee]

I'm about 92% bitcoin and 8% hedge (give or take 1% because sometimes it becomes a bit difficult to recalculate with the price moving around so much and also real life issues also "getting in the way"), and fuck at these 65%+ gains in two weeks on top of previous gains in recent times, even 8%, adds up to a lot of fiat sitting on the sidelines.  but that is o.k... I don't really feel an urge to cash out more or to buy for that matter - however, if the price were to shoot up to $9k within about a few weeks, I might consider taking some drastic selling measures (emphasizing "might")      

I like your method of selling small amounts at set price intervals. And paying very little attention to that voice that inevitably will say: damn, I shoulda bought more here, sold some there. We all know it's going up long term but short term predictions just cannot be relied upon.

These days, I try to be like a bot, mostly because it seems that whenever I attempt to deviate from my plan I end up over-doing it in one direction or another, and then I am kicking myself trying to make up for the lost territory.

My only deviation would be if it is clearly going parabolic, then maybe sell a little more than planned.

I still do that from time to time with a small percentage of my holdings on one end or another - so far, such deviation does not happen too often... because if I try to do it too much, my ratios tend to get mixed up... then I start to get stressed out.. which I would rather not need to think about the matter too much.

By the way, I am actually really glad because in the sub $1500s I was trading in $20 increments, and then I graduated to $50 increments, and I just graduated to $100 increments - and actually if I am in the new bigger category for long enough, then I make it retroactive, so I go back and reset all my buy orders, all the way down to $2k, for example, in $100 increments (rather than their prior $50 increments).  I am looking forward to $200 increments, which is probably going to go into effect around $6k (that is if we get there?  hopefully, right?).

Especially if masterluc is calling the top. But even then, I wouldn't deviate much from the plan. Even the master can be wrong.

You are correct that sometimes there is a kind of confluence of events that make it pretty likely for one direction or another, and I tend to only tweak rather than to make major overhauls and part of it has to do with my comfort of my own holdings, so for example, if I am feeling especially bullish, and like I already have plenty of cash, I might decide to sell .18btc every $100 rather than .2BTC - or some other variation, but those tweaks are only on the margins, and they tend to be pretty profitable in the longer term, so when I project ahead through my excel charts, I can see that my holdings of both fiat and BTC are increasing, even without investing more. 

And, almost no leverage at all - except for using a little bit of float from 0% credit cards.. but I do not gamble with my cc float because the money continues to be there to be able to pay it back, and I don't break certain cashflow boundaries including living expenses and the expected unexpected expenses that are part of any strong cashflow cushioning strategy that should project at least 6 months into the future (projecting worse case scenarios of drying up cashflow), though these days, my cashflow projections tend to project at least 18 months into the future.

[Lauda]

That was an awesome ride to watch in hindsight. I wonder whether we will break $4500 today. It seems that this bull run is stronger than anything we've seen in quite some time.

Bitstamp | Total bids: 31189700 USD. Total asks: 3005 BTC. Ratio: 10376.34891 USD/BTC. | Data vintage: 0.0163 seconds

It's very frustrating! Why isn't there new ATH today? Is Bitcoin dead?

Relax mister bee. Slow and steady is best.

[Denker]

Profit taking or dumping at the moment?
Was 4400 the top or is there any more steam left in this bull?

Hard to say. This is unknown territory and whatever we say could be completely wrong.
If this should be the top, then so be it. Some correction isn't that bad.
The bull run isn't over yet. But maybe we need a break, charging batteries, before continuing the journey to the moon.

[YamashitaRen]

Buy at 4208, sell at 4260, miss the 4230 bottom, look at the Bitstamp wall getting eaten and the price rocketing upwards.
Holding is hard. Buying after a missed target too. Still in USD  

[steelboy]

Holding is the easiest thing to do, cold storage = no temptation.

Stress = 0

[Olivious]

We are reaching $4500 easy this weekend or today, it is my first time to see bitcoin rise its value like this
No s slots for crash the bitcoin seats ony go up and up.

[Searing]

Holding is the easiest thing to do, cold storage = no temptation.

Stress = 0

Except....someday I need to move my private keys to get my Bitcoin cash...but with Bitcoin core's 15.0
version stopping anything with the 2+mb fork...(looking at 3 forks then) ..in a month and 1/2 it could get
interesting ...with MORE FUD drama if Bitcoin core continues to stop the +2mb hard fork....or just tries to...

So hell, just leaving it ride....and not messing with moving Bitcoin Classic to Bitcoin mainstay makes more sense

and

of course, it is frigging $4,300 bucks !!!! as we speak !!!! (no stress in that right...hands shaking, throat dry....)

be careful what you wish for.....everyone wishes for MOON but they forget about the stress and acceleration (and the fear of blowing up)

on takeoff!

[becoin]

...with MORE FUD drama if Bitcoin core continues to stop the +2mb hard fork....or just tries to...

Core devs have no intention of stopping the 2mb fork. Core just won't join it. Everybody is free to make any fork they like. There isn't any drama. More free money for bitcoin hodlers. How can that be a bad thing?

[LFC_Bitcoin]

Holding is the easiest thing to do, cold storage = no temptation.

Stress = 0

^^^^^
This

HODL until after the next halving, it's such a simple way to make a lot of money. Small profits are pointless, you get burned more often than not trying to trade.

HODL until after the next halving.