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

[Torque]

There's this new altcoin named fiat, I heard they take it at every store. With such wide acceptance it's a clear winner.

And with an infinite supply it assures that everyone will have some. Yay!

[jojo69]

These aren't radio waves, these are satellite signals

how do you think these magic "satellite signals" work?   smh

[Icygreen]

Ready to say goodbye to 3k territory?  

[ravenjt]

With a continual stream of forks, there will be an infinite supply of 'bitcoins' as well

[HanvanBitcoin]

Ready to say goodbye to 3k territory?  

Hello again $4k 

[quetschiquetsch]

Already back above 4000$ at finex. Could you guys please tell them to stop rising...

[bitserve]

I might be wrong but I don't think they have been "launching" any satellite but using transponders of already in orbit satellites. So yes, it is just a matter of deals.

Oh gotcha. Yeah makes sense. Such amazing genius and talent over there at Blockstream!

So what has Roger Ver's camp been dreaming up to expand Bitcoin into the future? Oh yeah, that's right. Changing a single config line in the code to 8mb and calling it revolutionary.

/facepalm

In the era of Netflix, satellites are not needed as much as in the past for broadcasting TV, so there's plenty of transponders for hire for uses that really take advantage of the fact that they are in orbit. This is one of those usage cases. And it's way cheaper than in the past.

[supercops]

Ready to say goodbye to 3k territory?  

It is dropping because it saw it was to high for it's own good.
With no real improvement for all this increase it had to fall some time.

[Meuh6879]

Erasing in progress ...

[JimboToronto]

There's this new altcoin named fiat, I heard they take it at every store. With such wide acceptance it's a clear winner.

And with an infinite supply it assures that everyone will have some. Yay!

It doesn't have the inconvenience of needing cold storage. It comes pre-held by trusted 3rd parties.

They'll even let you spend it before you earn it if you pay them compound interest.

[Ted E. Bare]

Not the best timing, but I have BTC/USD short open from $4041. Target is low $3000's.

Where have you placed the stop loss?

I adjust it based on market movement. Since we've made $3880, SL is now at $4201.

If price goes above $4100 again, based on market movement I suggest you adjust it at low $5000's.

I covered at $3840. Re-shorting this pop here. I don't hold my trades very long.

You must be crazy to short this market. I have seen countless of people blow up their accounts.

[BitcoinNewsMagazine]

Bitcoin price hit a major long term Fibonacci extension at $4400 and is correcting. What else did you expect:) We have not reached the top yet IMO and $5500 -$6000 is my next target. Worst case is we retreat to $3400 before next push up. Charts and reasoning explained in this article. Happy trading!

[chesthing]

These aren't radio waves, these are satellite signals

how do you think these magic "satellite signals" work?   smh

I thought he was talking about radio waves off of towers.
Apparently they are using existing satellites and you need an antenna that connects to a pc. I'm sure it's a matter of time before they gain access to smartphones.

[bitserve]

Already back above 4000$ at finex. Could you guys please tell them to stop rising...

Now that I reloaded on the way down??? No WAY

[chesthing]

Not the best timing, but I have BTC/USD short open from $4041. Target is low $3000's.

Where have you placed the stop loss?

I adjust it based on market movement. Since we've made $3880, SL is now at $4201.

If price goes above $4100 again, based on market movement I suggest you adjust it at low $5000's.

I covered at $3840. Re-shorting this pop here. I don't hold my trades very long.

You must be crazy to short this market. I have seen countless of people blow up their accounts.

Shorting on margin is suicide, he is probably playing with a few hundred or thousand and will panic buy back at a loss of btc.

[conspirosphere.tk]

What a beautiful trade: sold yesterday night at 3752 EUR and just bought back now at 3330.



 and I just bought some LTC too at 0.0103 because it looks like they just bottomed too.

[YamashitaRen]

Not the best timing, but I have BTC/USD short open from $4041. Target is low $3000's.

Where have you placed the stop loss?

I adjust it based on market movement. Since we've made $3880, SL is now at $4201.

If price goes above $4100 again, based on market movement I suggest you adjust it at low $5000's.

I covered at $3840. Re-shorting this pop here. I don't hold my trades very long.

You must be crazy to short this market. I have seen countless of people blow up their accounts.

Shorting on margin is suicide, he is probably playing with a few hundred or thousand and will panic buy back at a loss of btc.

Seems clever to me.
We all waited for this correction, here it is.
Why not profit from it ?

On another subject, now I hope BTC will stay above 4k so I can go snooze a little.

[Torque]

I thought he was talking about radio waves off of towers.
Apparently they are using existing satellites and you need an antenna that connects to a pc. I'm sure it's a matter of time before they gain access to smartphones.

Yeah, they mention a satellite antenna and an inexpensive usb receiver. Also mention SDR (software defined radio).

Following is a list of all the hardware required:

    45cm Ku Band Satellite Dish (antenna)
    PLL LNB (linear polarization) w/ < = 200khz LO stability
    LNB Power Supply
    LNB Mounting Bracket
    Software Defined Radio interface
    Cables, Connectors, and Mounting Hardware

This sounds awesome.

[Ted E. Bare]

Nicely done. Any bitcoin under $4000 / €3400 is a cheap coin.

[chesthing]

Not the best timing, but I have BTC/USD short open from $4041. Target is low $3000's.

Where have you placed the stop loss?

I adjust it based on market movement. Since we've made $3880, SL is now at $4201.

If price goes above $4100 again, based on market movement I suggest you adjust it at low $5000's.

I covered at $3840. Re-shorting this pop here. I don't hold my trades very long.

You must be crazy to short this market. I have seen countless of people blow up their accounts.

Shorting on margin is suicide, he is probably playing with a few hundred or thousand and will panic buy back at a loss of btc.

Seems clever to me.
We all waited for this correction, here it is.
Why not profit from it ?

It's risky, if it worked for you then more power to you.